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TSLA

Tesla

$267.42

(0.00%)

, NIO

NIO Inc.

$5.97

(0.00%)

09:43
03/20/19
03/20
09:43
03/20/19
09:43

Trade war might affect China subsidization for PV power, EVs, Digitimes says

China has not yet announced 2019 feed-in tariff rates for PV-generated electricity and subsidization rates for electric vehicle purchases, reportedly because it has yet to resolve its trade row with the U.S., Digitimes' Adam Hwang and Nuying Huang write, citing industry sources. Rumors are spreading that the China government will limit total 2019 FIT subsidies to $448M, a sharp cut by about 80% from 2018, in order to push development of PV power generation toward grid parity, sources said, adding that for EV purchases, China reduced 2018 subsidization by about 50% from 2017 and is likely to further cut 2019 rates by 30%-50%. Publicly traded companies in the EV space include Tesla (TSLA), NIO Inc. (NIO), General Motors (GM), and Volkswagen (VLKAY). Reference Link

TSLA

Tesla

$267.42

(0.00%)

NIO

NIO Inc.

$5.97

(0.00%)

GM

General Motors

$38.27

(0.00%)

VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

  • 27

    Mar

  • 30

    Apr

TSLA Tesla
$267.42

(0.00%)

03/19/19
03/19/19
INITIATION
Target $9

Buy
LiveXLive Media initiated with a Buy at MaximT
As previously reported, Maxim analyst Allen Klee initiated LiveXLive (LIVX) Media with a Buy rating and a price target of $9, anticipating strong growth from its Live Music and Streaming business after the company's announced plans to stream 27 events this year and over 40 in 2020. The analyst also cites LiveXLive Media's partnership with Tesla (TSLA) as a "key subscription revenue growth driver", whereby the company receives monthly payments on every Tesla vehicle delivered in the U.S.
03/19/19
ROTH
03/19/19
NO CHANGE
Target $270
ROTH
Neutral
Tesla Model Y launch likely pulled forward to distract from Model 3 demand, says Roth Capital
Following Tesla's launch event for the Model Y, where the company introduced three vehicle variants it plans to start delivering in 2020-2021, Roth Capital analyst Craig Irwin sees base vehicle pricing of $39k-$60k as "too high to drive significant acceleration" to Tesla's order velocity. The analyst also believes the launch event was likely pulled forward to distract from datapoints suggesting weaker than expected Model 3 demand. Tesla must now deliver unit growth for the stock to work, he contends. Irwin reiterates a Neutral rating and a $270 price target on the shares.
03/18/19
BARD
03/18/19
NO CHANGE
Target $465
BARD
Outperform
Baird reiterates Outperform rating on Tesla following Model Y reveal
After Tesla unveiled the Model Y and gave details on its plans for the crossover vehicle, Baird analyst Ben Kallo said he thinks the vehicle specifications came in towards the higher end of expectations and the production timeline was in-line with his expectations. Kallo, who sees negative sentiment on Model 3 demand and Q1 deliveries as overblown, maintains Tesla as a Fresh Pick and keeps an Outperform rating on the stock with a $465 price target.
03/15/19
MSCO
03/15/19
NO CHANGE
Target $260
MSCO
Equal Weight
Tesla Model Y likely to cannibalize Model 3, says Morgan Stanley
After viewing the Model Y unveiling event held by Tesla, Morgan Stanley analyst Adam Jonas said the new vehicle looks "much more similar" to the Model 3 than he had expected and he believes its introduction is likely to cannibalize the Model 3. Pricing of the Model Y is modestly more than the comparable Model 3 and "many might argue you get a lot more bang for the buck in the Y," Jonas tells investors. With this potential stock catalyst out of the way, Jonas said he expects a fade in Tesla shares to his $260 price target and he maintains an Equal Weight rating on the stock.
NIO NIO Inc.
$5.97

(0.00%)

03/07/19
GSCO
03/07/19
INITIATION
Target $10.7
GSCO
Buy
NIO Inc. reinstated with a Buy at Goldman Sachs
Goldman Sachs analyst Fei Fang reinstated NIO Inc with a Buy and $10.70 price target. Fang said shares have corrected following Q4 results and sees key drivers that include a light business model, successful premium segment branding, economically constrained competitors, and a large volume opportunity for the ES6.
03/06/19
BOFA
03/06/19
DOWNGRADE
Target $6.8
BOFA
Underperform
NIO Inc. downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Ming Hsun Lee downgraded NIO Inc. (NIO) to Underperform from Neutral and cut its price target to $6.80 from $8. Lee expects ES8's sales volume growth to be lower than his previous expectations and for increased incentives to reduce profitability following Tesla's (TLSA) recent price cuts in China and the upcoming cut in EV purchase subsidy in 2019. The analyst views NIO's valuation as "rich" and lowered his shipment forecasts below guidance for 2019/20.
01/15/19
EGHT
01/15/19
INITIATION
EGHT
Sell
86 Research starts NIO Inc. with a Sell rating, $4.70 price target
86 Research analyst Robert Cowell initiated coverage of NIO Inc. (NIO) with a Sell rating and $4.70 price target, stating that the company offers "attractive" fully electric SUVs at "attractive" prices in China, but is "losing large sums of money by doing so." He has concerns that NIO's operations are not efficient enough and said it does not have the same potential to revolutionize EV manufacturing as Tesla (TSLA) does. Additionally, the company's price advantage for its SUVs over Tesla cars is reliant on government subsidies, noted Cowell.
01/15/19
EGHT
01/15/19
INITIATION
Target $4.7
EGHT
Sell
NIO Inc. initiated with a Sell at 86 Research
86 Research initiated NIO Inc with a Sell adn $4.70 price target.
GM General Motors
$38.27

(0.00%)

03/13/19
MSCO
03/13/19
NO CHANGE
MSCO
Overweight
Morgan Stanley would be less surprised by GM's Cruise scaling back than growing
Following a recent Reuters report that said General Motors' (GM) Cruise unit plans to add 1,000 team members to double its headcount by year-end, Morgan Stanley analyst Adam Jonas said he would have been less surprised if Cruise was scaling back its growth plans rather than accelerating them given what he sees as "a general stalling" of autonomous vehicle expectations. His understanding is that the technology required to remove human drivers at an acceptable level of safety is likely many years away, said Jonas, who added that "it really matters" what Amazon (AMZN) is doing and whether it becomes a potential partner with GM, a competitor, or both. He maintains an Overweight rating on GM shares.
02/19/19
NOMU
02/19/19
UPGRADE
NOMU
Buy
Honda upgraded to Buy on plant closures at Nomura Instinet
As previously reported, Nomura Instinet analyst Masataka Kunugimoto upgraded Honda (HMC) to Buy from Neutral as he believes auto plant closures will prompt a reassessment of the company's strong balance sheet and motorcycle operations. The analyst likes its more flexible management approach, as evidenced by the moves to strengthen its partnership with General Motors (GM) in next-generation technologies. He also commends the tough decision it has taken to close plants in the U.K. and Turkey in 2021, in addition to the previous decision to close the Sayama plant in Japan, which it announced in October 2017. Kunugimoto expects reductions in fixed costs and production costs per vehicle as a result of these plant closures to boost operating profits. The analyst raised his price target on Honda shares to JPY3,850 from JPY3,014.
02/13/19
GHSC
02/13/19
INITIATION
Target $48
GHSC
Buy
Seaport Global starts General Motors at Buy, says 'not your father's GM'
Seaport Global analyst Michael Ward initiated General Motors with a Buy rating , stating that GM has become a "completely different company" and "not your father's GM" over the last 10 years. In that span, it has sold its European auto operations; overhauled the relationship with U.S. unions; expanded GM Financial; become a leader in China; updated its entire portfolio; and established the company as a global leader in autonomous driving, Ward stated. The auto and tech worlds are converging and GM could be the best positioned global auto maker for developing industry trends, said Ward, who set a $48 price target on the shares.Target $48.
02/13/19
GHSC
02/13/19
INITIATION
Target $48
GHSC
Buy
General Motors initiated with a Buy at Seaport Global
Seaport Global analyst Michael Ward initiated General Motors with a Buy and $48 price target.
VLKAY Symbol is now VWAGY
$0.00

(0.00%)

01/15/19
MSCO
01/15/19
NO CHANGE
Target $10
MSCO
Equal Weight
Morgan Stanley says 'wouldn't get too excited' about Ford alliance with VW
Morgan Stanley analyst Adam Jonas said he "wouldn't get too excited" about Ford's (F) alliance with Volkswagen (VLKAY) as he believes Ford must tackle its fundamental and business model challenges mainly on its own. "Over 100%" of Ford's equity valuation is driven by the F-Series, which is largely independent from anything VW could offer, said Jonas, who keeps an Equal Weight rating and $10 price target on Ford shares.
01/15/19
GSCO
01/15/19
NO CHANGE
Target $12
GSCO
Buy
Ford, Volkswagen alliance could result in meaningful savings, says Goldman Sachs
Goldman Sachs analyst David Tamberrino notes that Ford (F) and Volkswagen (VLKAY) have announced their intention to make a formal announcement regarding potential joint plans at the Detroit Auto Show. He believes the expectation is for a deep alliance between the two with respect to passenger cars, developing electric vehicles, as well as investing in Autonomous Vehicle development, among other areas requiring stepped up auto investment or a dramatic change. Ultimately, Tamberrino thinks this could be additive to Ford's outlined restructuring plans and generate shared costs across the alliance, potentially improving near-term and longer-term results. Looking at historical automotive alliances and cost savings realized, there is potential for a range of $1.5B-$4.5B of expense savings that could accrue to Ford, he contends. The analyst reiterates a Buy rating and $12 price target on Ford's shares.
03/14/19
BARD
03/14/19
NO CHANGE
Target $53
BARD
Outperform
Navistar pullback on TRATON IPO pause a buying opportunity, says Baird
Baird analyst David Leiker attributed yesterday's weakness in shares of Navistar (NAV) to news that TRATON, Volkswagen's (VLKAY) truck and bus unit, had suspended its IPO plans. Although he notes there has been speculation over time that TRATON would eventually make an outright offer for Navistar, Leiker thinks it was hard to argue prior to the slide that any takeout premium was embedded in Navistar's valuation and so the selloff "makes little sense." The analyst, who thinks Navistar is worth owning in light of strong market share gains, margin expansion, and cash flow improvement, keeps an Outperform rating and $53 price target on the stock.
02/20/19
BUCK
02/20/19
NO CHANGE
Target $48
BUCK
Buy
Navistar checks 'noticeably more upbeat' than Paccar's, says Buckingham
Buckingham analyst Neil Frohnapple says his recently completed quarterly Navistar (NAV) dealer survey came in "noticeably more upbeat" than his recent conversations with Paccar (PCAR) dealers. Expectation for further Class 8 market share gains in 2019 along with bullishness for the new Class 4-5 vehicle are two factors contributing to a relatively more positive outlook on Navistar, Frohnapple tells investors in a research note. The analyst, who does not suggest Navistar will raise guidance when it reports this quarter as it remains early in the fiscal year, thinks there is a "high probability" of upside to the consensus EBITDA estimate of $876M based on stronger than expected market share gains, incremental synergies from the Traton alliance, and potential tailwinds in the second half of 2019 from lower raw material costs. Further, Frohnapple still sees a "high probability" that Navistar will be purchased this year as he thinks the Traton alliance will lead to a complete takeover by Volkswagen (VLKAY). The analyst says Navistar's risk/reward profile is still attractive despite the stock's 41% year-to-date rally. He keeps a Buy rating on the name with a $48 price target. Navistar in early trading is up 74c to $37.28.

TODAY'S FREE FLY STORIES

SITM

SiTime

$0.00

(0.00%)

10:58
11/21/19
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10:58
Syndicate
Breaking Syndicate news story on SiTime »

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GRUB

GrubHub

$41.80

1.195 (2.94%)

10:55
11/21/19
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10:55
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10:55
Options
GrubHub put volume heavy and directionally bearish »

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10:50
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Breaking Syndicate news story on SiTime »

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PAYS

Paysign

$8.71

-0.26 (-2.90%)

10:50
11/21/19
11/21
10:50
11/21/19
10:50
Hot Stocks
Aurelius says short Paysign, sees 'stock promotion set to end in failure' »

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DISCA

Discovery

$31.72

-0.29 (-0.91%)

10:46
11/21/19
11/21
10:46
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10:46
Hot Stocks
Discovery shares 'dramatically undervalued,' says John Malone »

John Malone, asked during…

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FCX

Freeport McMoRan

$10.94

-0.105 (-0.95%)

10:45
11/21/19
11/21
10:45
11/21/19
10:45
Options
Freeport McMoRan call volume above normal and directionally bullish »

Bullish option flow…

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10:45
11/21/19
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10:45
General news
Breaking General news story  »

3-Month Bill Announcement…

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11/21
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10:45
General news
Breaking General news story  »

6-Month Bill Announcement…

10:45
11/21/19
11/21
10:45
11/21/19
10:45
General news
Breaking General news story  »

6-Month Bill Announcement…

10:45
11/21/19
11/21
10:45
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10:45
General news
Breaking General news story  »

3-Month Bill Announcement…

CAN

Canaan

$0.00

(0.00%)

10:44
11/21/19
11/21
10:44
11/21/19
10:44
Syndicate
Breaking Syndicate news story on Canaan »

Canaan opens at $12.60,…

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  • 21

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WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

10:44
11/21/19
11/21
10:44
11/21/19
10:44
Periodicals
Breaking Periodicals news story on We Company, SoftBank, SoftBank »

WeWork to cut 2,400 jobs…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

(0.00%)

03/08/13
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SITM

SiTime

$0.00

(0.00%)

10:42
11/21/19
11/21
10:42
11/21/19
10:42
Syndicate
SiTime indicated to open at $17.25, IPO priced at $13.00 »

SiTime (SITM) priced 4.3M…

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  • 21

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CAN

Canaan

$0.00

(0.00%)

10:41
11/21/19
11/21
10:41
11/21/19
10:41
Syndicate
Breaking Syndicate news story on Canaan »

Canaan indicated to open…

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  • 21

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10:35
11/21/19
11/21
10:35
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10:35
General news
U.S. existing home sales tracked estimates »

U.S. existing home sales…

TSLA

Tesla

$357.27

4.94 (1.40%)

, GM

General Motors

$35.16

-0.1 (-0.28%)

10:34
11/21/19
11/21
10:34
11/21/19
10:34
On The Fly
Wall Street eyes Tesla ahead of 'Cybertruck' pickup truck reveal »

Shares of Tesla (TSLA)…

TSLA

Tesla

$357.27

4.94 (1.40%)

GM

General Motors

$35.16

-0.1 (-0.28%)

F

Ford

$8.72

-0.005 (-0.06%)

AMZN

Amazon.com

$1,738.96

-6.54 (-0.37%)

03/08/13
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  • 09

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CAN

Canaan

$0.00

(0.00%)

10:32
11/21/19
11/21
10:32
11/21/19
10:32
Syndicate
Canaan indicated to open at $12.60, IPO priced at $9.00 »

Canaan (CAN) priced 10M…

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  • 21

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10:30
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Hot Stocks
Breaking Hot Stocks news story  »

Civista Bancshares…

VKTX

Viking Therapeutics

$7.20

0.12 (1.69%)

10:30
11/21/19
11/21
10:30
11/21/19
10:30
Recommendations
Viking Therapeutics analyst commentary  »

Viking posting for…

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SPY

SPDR S&P 500 ETF Trust

$310.33

-0.47 (-0.15%)

10:30
11/21/19
11/21
10:30
11/21/19
10:30
Options
Put sales in SP500 ETF likely unwind hedges from August »

Put sales in SP500 ETF…

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USO

United States Oil Fund

$12.11

0.2 (1.68%)

10:30
11/21/19
11/21
10:30
11/21/19
10:30
General news
EIA natural gas storage change for week ending November 15 »

Gas inventories 94 Bcf…

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10:25
11/21/19
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10:25
Hot Stocks
Breaking Hot Stocks news story  »

Civista Bancshares…

SNAP

Snap

$15.56

0.245 (1.60%)

10:25
11/21/19
11/21
10:25
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10:25
Options
Snap Inc. call volume above normal and directionally bullish »

Bullish option flow…

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  • 21

    Nov

10:25
11/21/19
11/21
10:25
11/21/19
10:25
General news
Treasury Action: Treasuries have continued to give ground »

Treasury Action:…

TRIP

TripAdvisor

$28.18

0.22 (0.79%)

10:25
11/21/19
11/21
10:25
11/21/19
10:25
Conference/Events
TripAdvisor to host investor meeting »

Investor meeting to be…

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