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Fly News Breaks for January 30, 2020
SEDG, ENPH, VSLR, SPWR, NOVA, RUN, TSLA
Jan 30, 2020 | 09:22 EDT
Credit Suisse analyst Michael Weinstein notes that Tesla (TSLA) reported "strong" residential solar installation growth at 54 MW in Q4, up 26% quarter over quarter but down 26% year over year, and guided 2020 solar installations to grow at least 50%. A 50% growth implies Tesla's residential market share could grow to about 5.6% in 2020, up 110 bps year over year, and above his market growth expectations of 20% in the year, mainly as a factor of growth from a smaller shrinking base in 2018/2019. Weinstein sees "significant" room for growth for Tesla and peers as the residential solar market is highly underpenetrated. Tesla's faster growth should have a positive impact on the broader residential solar space with improved customer education, he argues, adding that faster than expected market growth is positive for all residential solar developers - such as Sunrun (RUN), Sunnova Energy (NOVA), SunPower (SPWR), and Vivint Solar (VSLR) - and smart inverter manufacturers like Enphase Energy (ENPH) and SolarEdge (SEDG).
News For TSLA;RUN;NOVA;SPWR;VSLR;ENPH;SEDG From the Last 2 Days
TSLA
Mar 27, 2024 | 05:39 EDT
Citi analyst Itay Michaeli lowered the firm's price target on Tesla to $196 from $224 and keeps a Neutral rating on the shares. Ahead of Tesla's Q1 delivery release, the analyst lowered estimates to reflect recent data points. The firm's Q1 delivery estimate goes to 429,9000 from 473,300. The Q1 setup for Tesla "looks tough on aggressive consensus estimates," the analyst tells investors in a research note. In recent weeks, consensus estimates have come down, but March data points have also disappointed, says Citi. It believes Sheet estimates are still looking too high, not only for 2024 but also 2025.
RUN
Mar 26, 2024 | 18:39 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSnCino (NCNO) up... To see the rest of the story go to thefly.com. See Story Here
RUN
Mar 26, 2024 | 17:21 EDT
Roivant Sciences (ROIV) will replace Sunrun (RUN) in the S&P MidCap 400, and Sunrun will replace PGT Innovations (PGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. MITER Brands is acquiring PGT Innovations in a transaction expected to be completed on or about March 28 pending final conditions.
RUN
Mar 26, 2024 | 17:20 EDT
Roivant Sciences (ROIV) will replace Sunrun (RUN) in the S&P MidCap 400, and Sunrun will replace PGT Innovations (PGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. MITER Brands is acquiring PGT Innovations in a transaction expected to be completed on or about March 28 pending final conditions.
TSLA
Mar 26, 2024 | 16:25 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
TSLA
Mar 26, 2024 | 15:52 EDT
After this morning's collapse of the Francis Scott Key Bridge in Maryland closed the Port of Baltimore, JPMorgan economist Michael Feroli noted that the port ranks 17th among U.S. ports in tonnage handled, but ranks first for light vehicle imports and is also an important coal export terminal. However, the firm's initial assessment is that this development will "likely only have minimal implications for vehicle inflation" given that many more vehicles are imported over land from Canada and Mexico and that vessels are already being diverted to other East Coast ports. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
TSLA
Mar 26, 2024 | 12:08 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
NOVA
Mar 26, 2024 | 12:00 EDT
Sunnova Energy is up 12.7%, or 69c to $6.08.
TSLA
Mar 26, 2024 | 09:56 EDT
Notable gainers among liquid option names this morning include Seagate (STX) $96.53 +8.33, McCormick (MKC) $75.66 +5.72, Constellation Energy (CEG) $198.70 +11.44, Tesla (TSLA) $182.50 +9.87, and Western Digital (WDC) $68.30 +3.31.
TSLA
Mar 26, 2024 | 08:56 EDT
Monday's total option volume of 35.0 million contracts resulted in net open interest growth of 5.07 million calls and 4.24 million puts. Tesla (TSLA), NVIDIA (NVDA), Micron (MU) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 48k Warner Bros. Discovery (WBD) 5/3 weekly 7 puts, 43k DoorDash (DASH) Jun-24 120 calls, 43k Bumble (BMBL) May-24 9 puts, 29k Tesla (TSLA) 3/28 weekly 170 puts and 25k Tesla (TSLA) 4/26 weekly 150 puts.