Breaking News Instant updates and real-time market news.

TSLA

Tesla

$208.46

-2.95 (-1.40%)

, SCTY

Bought by TSLA

$20.05

0.26 (1.31%)

10:20
10/06/16
10/06
10:20
10/06/16
10:20

Tesla sinks after Goldman cuts rating as SolarCity deal seen raising risk

The shares of Tesla (TSLA) are falling after Goldman Sachs downgraded the stock to Neutral from Buy, warning that the risk facing the company has increased. M&A INCREASES RISK: Tesla's decision to earmark additional capital for M&A, in the form of the proposed acquisition of SolarCity (SCTY), increases the risk facing Tesla's stock, wrote Goldman analyst David Tamberrino. Like Tesla, SolarCity is a "high growth, high cash burn business," the analyst noted. The combined company would have more risks than Tesla on its own, since the new entity would have higher capital needs, Tamberrino argues. Consequently, the combined company's debt levels may also be higher, the analyst warned. ESTIMATES COULD DROP: Slower than expected production of Tesla's Model 3 vehicle, along with increased SG&A spending and higher R&D expenditures, are poised to cause Tesla's 2017-2019 profits to come in significantly below expectations, according to Tamberrino. Specifically, the analyst expects the automaker's 2017-2019 earnings per share to be an average of 48% below the consensus outlook. TARGET: The analyst lowered his six month price target on Tesla to $185 from $240. PRICE ACTION: In early trading, Tesla dropped 3.5% to $201 per share.

TSLA

Tesla

$208.46

-2.95 (-1.40%)

SCTY

Bought by TSLA

$20.05

0.26 (1.31%)

TSLA Tesla
$208.46

-2.95 (-1.40%)

09/28/16
BARD
09/28/16
NO CHANGE
Target $338
BARD
Outperform
Baird estimates Tesla to report 21,000 deliveries for Q3
Baird analyst Ben Kallo said he expects Tesla (TSLA) to report its Q3 delivery figures by early next week, possibly on Monday, October 3, and he estimates the company will report 21,000 total deliveries, including 12,000 Model S deliveries and 9,000 Model X deliveries. Kallo thinks a delivery number above 20,000 vehicles will be viewed as positive and believes "shorts may return" to Tesla after the delivery announcement as the company's acquisition of SolarCity (SCTY)progresses. The analyst keeps an Outperform rating and $338 price target on Tesla shares.
10/03/16
OPCO
10/03/16
NO CHANGE
OPCO
Perform
Review process of SolarCity acquisition may be delayed, says Oppenheimer
Oppenheimer analyst Colin Rusch believes the SEC review process of Tesla's (TSLA) acquisition of SolarCity (SCTY) could be delayed due to recent activity, especially new litigation. Further, the analyst believes extension to the timeline is likely to work against the deal given the risk of ongoing "collaboration to trigger gun-jumping rules." Rusch reiterates a Perform rating on Tesla's shares.
10/06/16
GSCO
10/06/16
DOWNGRADE
GSCO
Neutral
Tesla downgraded to Neutral from Buy at Goldman
Goldman analyst David Tamberrino downgraded Tesla to Neutral and lowered his price target to $185 from $240. Tamberrino sees incremental risk to Tesla's business related to management's willingness to deploy capital for M&A, and he believes that any delay in the company's new Model 3 launch will be detrimental to shares. The analyst said there is room for downward estimate revisions as volume ramps slower and spending grows. Tamberrino's 2016 earnigns estimate of (59c) is above the Street's (93c), but estimates for 2017 through 2019 are on average 48% below consensus.
10/06/16
GSCO
10/06/16
NO CHANGE
GSCO
Autos and Autos Parts sector downgraded to Cautious from Neutral at Goldman
Goldman analyst David Tamberrino downgraded the Autos and Auto Parts sector to Cautious from Neutral saying the US Auto cycle peaked in 2015 and is being held up by increasing OEM incentives. The analyst said OEM earnings will decline in 2017/2018 as negative pricing and lower production pressure North American results, but expects suppliers' earnings to hold up longer. The analyst sees upside to Delphi (DLPH) and Harman (HAR) given exposure to secular growth areas and upside to Goodyear Tire (GT) given secular HVA tire growth. Tamberrino downgraded Lear (LEA) to Sell citing elevated expectations and valuation, cut BorgWarner (BWA) to Neutral on valuation, downgraded Tesla (TSLA) to Neutral on execution risk and capital deployment, and upgraded AutoNation (AN) to Neutral given a more defensive business.
SCTY Bought by TSLA
$20.05

0.26 (1.31%)

09/30/16
ROTH
09/30/16
NO CHANGE
ROTH
Possible Chinese tariff cuts a negative for solar names, says Roth Capital
Roth Capital analyst Philip Shen noted media reports in China indicating that certain solar feed-in tariff levels may be cut by 23-52%, depending on region and project type, in January 2017. While there appears to be some confusion on which projects may qualify for the 2016 tariff ahead of the 2017 FIT stepdown, Shen tells investors that he sees the reports on the whole as more negative news for the industry. Publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SolarCity (SCTY), SunEdison (SUNEQ), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
10/06/16
AXIO
10/06/16
UPGRADE
AXIO
Hold
SolarCity upgraded to Hold from Sell at Axiom
10/06/16
AXIO
10/06/16
NO CHANGE
AXIO
Axiom upgrades solar sector sector to Overweight from Underweight
As previously reported, Axiom analyst Gordon L. Johnson II upgraded several stocks in the solar sector, including raising his ratings on Yingli Green Energy (YGE) to Buy from Sell, Trina Solar (TSL) to Buy from Sell, JA Solar (JASO) to Buy from Sell and SolarCity (SCTY) to Hold from Sell. The firm has also upgraded its solar sector rating to Market Overweight from Market Underweight, as they believe China's proposed Jul. 1, 2017 tariff cut will usher in about 25GW of 1H17 Chinese "pull-in" demand and that a possible election win by Hillary Clinton would serve as sentiment tailwind pushing clean energy funds to "refocus" on solar stocks.

TODAY'S FREE FLY STORIES

CCC

Calgon Carbon

$14.40

0.3 (2.13%)

13:10
03/01/17
03/01
13:10
03/01/17
13:10
Hot Stocks
JFTC investigating Calgon Carbon Japan unit, others for anti-competitive conduct »

Calgon Carbon disclosed…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LOW

Lowe's

$81.29

6.92 (9.30%)

, BBY

Best Buy

$42.01

-2.12 (-4.80%)

13:05
03/01/17
03/01
13:05
03/01/17
13:05
General news
On The Fly: Top stock stories at midday »

Stocks opened sharply…

LOW

Lowe's

$81.29

6.92 (9.30%)

BBY

Best Buy

$42.01

-2.12 (-4.80%)

KMX

CarMax

$65.22

0.68 (1.05%)

MCD

McDonald's

$129.21

1.5608 (1.22%)

GOOG

Alphabet

$823.21

-6.07 (-0.73%)

GOOGL

Alphabet Class A

$844.93

-4.74 (-0.56%)

CMCSA

Comcast

$37.42

-0.11 (-0.29%)

CMCSK

Comcast

FOX

21st Century Fox

$29.35

-0.66 (-2.20%)

CBS

CBS

$67.48

1.56 (2.37%)

DIS

Disney

$111.73

1.635 (1.49%)

LOGM

LogMeln

$91.75

-2 (-2.13%)

FOLD

Amicus

$6.49

0.06 (0.93%)

WTW

Weight Watchers

$18.74

4.35 (30.23%)

PANW

Palo Alto Networks

$118.06

-33.84 (-22.28%)

AMBA

Ambarella

$58.95

-0.83 (-1.39%)

ETSY

Etsy

$12.12

-0.67 (-5.24%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

  • 01

    Mar

  • 01

    Mar

  • 01

    Mar

  • 01

    Mar

  • 05

    Mar

  • 06

    Mar

  • 06

    Mar

  • 07

    Mar

  • 08

    Mar

  • 09

    Mar

  • 19

    Mar

  • 20

    Mar

  • 04

    Apr

  • 05

    Apr

TGT

Target

$57.94

-0.8346 (-1.42%)

, AAPL

Apple

$136.99

0.06 (0.04%)

13:02
03/01/17
03/01
13:02
03/01/17
13:02
Periodicals
Target returns some iPhone SE stock ahead of Apple press event, MacRumors says »

Target (TGT) told its…

TGT

Target

$57.94

-0.8346 (-1.42%)

AAPL

Apple

$136.99

0.06 (0.04%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Mar

  • 19

    Mar

CMTL

Comtech

$11.41

-0.37 (-3.14%)

13:02
03/01/17
03/01
13:02
03/01/17
13:02
Hot Stocks
Comtech in $4.5M pact for navigation, telematics services »

Comtech…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VRA

Vera Bradley

$10.46

-0.36 (-3.33%)

13:01
03/01/17
03/01
13:01
03/01/17
13:01
Options
Earnings hedge in Vera Bradley »

Earnings hedge in Vera…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Mar

SKLN

Skyline Medical

$1.92

0.07 (3.78%)

12:57
03/01/17
03/01
12:57
03/01/17
12:57
Technical Analysis
Skyline Medical spikes higher on extremely heavy volume, retraces some gains »

The stock was last at…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SKLN

Skyline Medical

$1.92

0.07 (3.78%)

12:52
03/01/17
03/01
12:52
03/01/17
12:52
Hot Stocks
Skyline Medical soars after receiving contract from Vizient »

Skyline Medical has…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

KRNT

Kornit Digital

$16.20

-0.55 (-3.28%)

12:50
03/01/17
03/01
12:50
03/01/17
12:50
Conference/Events
Kornit Digital management to meet with Canaccord »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

  • 02

    Mar

  • 22

    Mar

  • 23

    Mar

  • 24

    Mar

TWTR

Twitter

$15.69

-0.085 (-0.54%)

12:49
03/01/17
03/01
12:49
03/01/17
12:49
Hot Stocks
Twitter says launching algorithm-based safety tools »

Twitter announced in a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

  • 19

    Mar

WLL

Whiting Petroleum

$11.32

0.47 (4.33%)

12:47
03/01/17
03/01
12:47
03/01/17
12:47
Conference/Events
Whiting Petroleum management to meet with Canaccord »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

  • 01

    Mar

12:45
03/01/17
03/01
12:45
03/01/17
12:45
General news
Atlanta Fed's Q1 GDPNow estimate was slashed to 1.8% »

Atlanta Fed's Q1…

PNW

Pinnacle West

$82.08

-0.11 (-0.13%)

12:44
03/01/17
03/01
12:44
03/01/17
12:44
Hot Stocks
APS, group reach consensus rate review agreement »

Arizona Public Service, a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ARCC

Ares Capital

$17.75

-0.04 (-0.22%)

12:41
03/01/17
03/01
12:41
03/01/17
12:41
Options
Ares Capital attracts a large spread trade »

Ares Capital attracts a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MMSI

Merit Medical

$30.80

-0.05 (-0.16%)

12:37
03/01/17
03/01
12:37
03/01/17
12:37
Conference/Events
Merit Medical management to meet with Canaccord »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

  • 01

    Mar

  • 14

    Mar

MSG

Madison Square Garden

$185.32

5.96 (3.32%)

12:36
03/01/17
03/01
12:36
03/01/17
12:36
Hot Stocks
Madison Square Garden in 'active' talks to bring Grammys back to MSG »

The Madison Square Garden…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PANW

Palo Alto Networks

$118.56

-33.34 (-21.95%)

12:33
03/01/17
03/01
12:33
03/01/17
12:33
Downgrade
Palo Alto Networks rating change  »

Palo Alto Networks…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

  • 05

    Mar

IBKR

Interactive Brokers

$36.71

-0.98 (-2.60%)

12:32
03/01/17
03/01
12:32
03/01/17
12:32
Hot Stocks
Interactive Brokers reports February DARTS down 12% y/y »

Interactive Brokers Group…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SQ

Square

$17.38

0.06 (0.35%)

12:32
03/01/17
03/01
12:32
03/01/17
12:32
Hot Stocks
Square acquires OrderAhead pickup business »

Square announced earlier…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SWFT

Swift Transportation

$22.13

0.41 (1.89%)

12:31
03/01/17
03/01
12:31
03/01/17
12:31
Options
Second day of bullish flow in Swift Transportation »

Second day of bullish…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BLK

BlackRock

$398.84

11.38 (2.94%)

, WETF

WisdomTree

$9.11

-0.21 (-2.25%)

12:31
03/01/17
03/01
12:31
03/01/17
12:31
Hot Stocks
Labor Department proposes extension of fiduciary rule applicability dates »

The U.S. Department of…

BLK

BlackRock

$398.84

11.38 (2.94%)

WETF

WisdomTree

$9.11

-0.21 (-2.25%)

LM

Legg Mason

$37.70

-0.02 (-0.05%)

IVZ

Invesco

$32.64

0.45 (1.40%)

WDR

Waddell & Reed

$19.66

0.415 (2.16%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

  • 01

    Mar

  • 12

    Apr

  • 11

    May

MCD

McDonald's

$128.07

0.42 (0.33%)

12:26
03/01/17
03/01
12:26
03/01/17
12:26
Technical Analysis
McDonald's trades higher following lift of halt »

The stock was last up…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

MCD

McDonald's

$128.07

0.42 (0.33%)

12:25
03/01/17
03/01
12:25
03/01/17
12:25
Hot Stocks
Breaking Hot Stocks news story on McDonald's »

McDonald's up 1.4%…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

MSFT

Microsoft

$63.98

-0.25 (-0.39%)

, FCN

FTI Consulting

$41.21

0.97 (2.41%)

12:25
03/01/17
03/01
12:25
03/01/17
12:25
Conference/Events
FTI Consulting co-hosts a webinar with Microsoft »

Webinar entitled,…

MSFT

Microsoft

$63.98

-0.25 (-0.39%)

FCN

FTI Consulting

$41.21

0.97 (2.41%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

  • 02

    Mar

  • 14

    Mar

  • 09

    May

MYL

Mylan

$41.85

-0.59 (-1.39%)

12:25
03/01/17
03/01
12:25
03/01/17
12:25
Conference/Events
Mylan to host investor day with a conference call hook-up »

CEO Bresch holds an…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

  • 01

    Mar

  • 28

    Mar

  • 03

    Sep

  • 09

    Oct

MCD

McDonald's

$128.07

0.42 (0.33%)

12:23
03/01/17
03/01
12:23
03/01/17
12:23
Hot Stocks
Breaking Hot Stocks news story on McDonald's »

McDonald's trading…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.