EQT Corporation files to sell 98.34M shares of common stock for holders 16:1807/2307/23/21
MEG Energy price target raised to C$13.50 from C$12 at Raymond James » 12:0207/2307/23/21
Raymond James analyst…
Raymond James analyst George Huang raised the firm's price target on MEG Energy to C$13.50 from C$12 and keeps an Outperform rating on the shares.
Fly Intel: Top five analyst initiations » 10:0007/2307/23/21
THC, PLUG, OGN, MP, PLL
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tenet Healthcare (THC) reinstated with a Buy at Citi. 2. Plug Power (PLUG) initiated with a Buy at Citi. 3. Organon (OGN) initiated with a Buy, $35 target at Citi. 4. MP Materials (MP) initiated with a Buy at DA Davidson. 5. Piedmont Lithium (PLL) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TPI Composites price target lowered to $47 from $65 at Cowen » 08:3807/2307/23/21
Cowen analyst Jeffrey…
Cowen analyst Jeffrey Osborne lowered the firm's price target on TPI Composites to $47 from $65 and keeps an Outperform rating on the shares. The analyst said the company posted weaker than expected earnings results and lowered guidance for the full year. The lower target reflects peer group compression but long-term opportunities in onshore/offshore and EV's remains compelling.
Piedmont Lithium initiated with a Buy at DA Davidson » 06:1907/2307/23/21
DA Davidson analyst Matt…
DA Davidson analyst Matt Summerville initiated coverage of Piedmont Lithium with a Buy rating and $85 price target. The company is set to emerge as the U.S's only fully integrated, domestic producer of SC6 and LiOH via its hard rock spodumene ore-to-LiOH operation in North Carolina, with an expected commissioning slated for late 2023, the analyst tells investors in a research note. Summerville adds that the significant growth in EV adoption and evolution in battery chemistries, along with the potential supply deficits, should yield higher realized pricing and significant operating leverage for Piedmont.
Exxon Mobil price target raised to $69 from $63 at Piper Sandler » 06:0607/2307/23/21
Piper Sandler analyst…
Piper Sandler analyst Ryan Todd raised the firm's price target on Exxon Mobil to $69 from $63 and keeps a Neutral rating on the shares. The analyst says crude oil "tightness" adds further momentum to the "robust" free cash flow outlooks for the integrated oils. He views the outlook into the Q2 quarter results as "unquestionably positive" for the sector. Upstream valuations remain "severely discounted," with 14% free cash flow yields at the strip, accelerating shareholder distributions, and second half of 2021 crude balances that suggest "upwards risk to the forward oil curve," Todd tells investors in a research note.
MEG Energy upgraded to Buy from Hold at Desjardins » 05:5107/2307/23/21
Desjardins analyst Justin…
Desjardins analyst Justin Bouchard upgraded MEG Energy to Buy from Hold with a price target of C$10, up from C$7.50. The upgrade reflects the "significant move in funds flow" owing to the company's "significant" operating and financial leverage to strengthening commodity prices, Bouchard tells investors in a research note.
TPI Composites narrows FY21 revenue view to $1.75B-$1.8B from $1.75B-$1.85B » 16:1207/2207/22/21
Consensus $1.8B. Cuts…
Consensus $1.8B. Cuts FY21 adjusted EBITDA view to $70M-$85M from $110M-$135M. With respect to the company's outlook, Siwek noted that, "While we expect the overall wind market to be relatively flat in 2022, we continue to see strong long-term demand prospects for wind in the U.S. and globally, driven by economics as well as the acceleration of decarbonization initiatives. In the International Energy Agency's roadmap to net zero emissions, it expects that by 2030, 390 GW of wind energy will be installed annually, or about four times more than the record set in 2020, and that wind energy will be the single largest generator of electricity making up 35% of total generation by 2050. This, among other reasons, is why we remain confident in our global wind strategy as we continue to serve our customers in an efficient and cost-effective manner across our global manufacturing footprint."
TPI Composites reports preliminary Q2 revenue $458.8M, consensus $428.89M » 16:1007/2207/22/21
Reports preliminary Q2…
Reports preliminary Q2 adjusted EBITDA $17.4M. Reports preliminary Q1 net loss $42.6M.
Roth Capital sustainability analyst holds an analyst/industry conference call » 10:2507/2207/22/21
ENPH, GNRC, SEDG, NOVA, RUN, SPWR, SUNW
Managing Director &…
Managing Director & Sustainability Analyst Shen, along with the Founder of Ohm Analytics, Chris Collins, discuss the forecasts for 2Q and 3Q U.S. residential solar installations, including a preview of forecasts by inverter type on an Analyst/Industry conference call to be held on July 22 at 11 am. Webcast Link