Generac, Momentum Solar announces strategic relationship » 11:1708/1308/13/20
Generac Power Systems and…
Generac Power Systems and Momentum Solar have forged a strategic relationship that will accelerate the U.S. residential adoption of solar + storage. The new agreement will enable Momentum to provide Generac technology solutions to homeowners for solar plus whole home clean back-up power.
Generac demand levels likely to capacity, says Canaccord » 07:3708/1308/13/20
Canaccord analyst Jonathan Dorsheimer noted Generac spoke at their annual growth conference and said the recent storms in the Northeast area are likely to push demand to levels that extend lead times out and are unlikely to be met in 2020, providing a strong backlog on 2021. He noted the high cost and intermittent nature of renewables suggests demand for traditional backup power generation has a healthy golden tail. Dorsheimer reiterated his Buy rating and $200 price target on Generac shares.
Generac announces new products, capabilities to PWRcell product line » 11:0608/1008/10/20
Generac Power Systems…
Generac Power Systems announced that it is introducing new products and capabilities to the PWRcell product line that "make Generac's PWRcell the first end-to-end solar and storage system to be capable of providing intelligently managed backup power to the entire home." The products include the new PWRcell Automatic Transfer Switch, known as the PWRcell ATS, with integrated load management; new higher-capacity batteries rated up to 18 kWh; and an outdoor-rated enclosure that "allows for a simple, flexible and 100% outdoor installation," the company stated in a press release.
Enphase Energy powers commercial business for REAL Solar of Minneapolis » 09:1508/1008/10/20
Enphase Energy announced…
Enphase Energy announced that REAL Solar, SBC is expanding its portfolio of commercial solar installations by leveraging the Enphase Three-Phase Network Protection Relay device for 208 VAC, three-phase solar systems. REAL Solar, based in Backus, MN, is an award-winning full-service residential and commercial solar installation company with a long history of bringing solar to customers in communities of need. The Enphase Network Protection Relay device allows commercial solar installers to quickly deploy the Enphase microinverters of their choice on commercial solar projects in jurisdictions that require compliance with IEEE 1547 for three-phase solar systems. REAL Solar was one of the first solar installers to deploy the Enphase NPR device in commercial solar installations. To ensure compliance with local building code, REAL Solar made use of the Enphase NPR device to install more than 70 kWDC across two locations for its financial industry customer, Starion Bank, in North Dakota.
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Fly Intel: Top five analyst upgrades » 10:0108/0608/06/20
W, GDDY, SQ, GNRC, ETSY
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wayfair (W) was upgraded to Equal Weight from Underweight at Barclays and to Neutral from Underperform at DA Davidson. 2. GoDaddy (GDDY) upgraded to Strong Buy from Outperform at Raymond James and to Overweight from Neutral at JPMorgan. 3. Square (SQ) upgraded to Neutral from Sell at Compass Point with analyst Mike Del Grosso saying the company's Q2 revenue of $1.92B beat his estimate of $1.02B as the Seller business' results were more resilient than he anticipated. 4. Generac (GNRC) upgraded to Buy from Neutral at BofA with analyst Ross Gilardi saying the 4M homes whose power was knocked out by Tropical Storm Isaias was the "icing on the cake" to the 30% organic growth in its home standby business that the company reported in Q2. 5. Etsy (ETSY) upgraded to Buy from Neutral at Roth Capital with analyst Darren Aftahi saying the company's Q2 numbers and Q3 guidance "well-exceeded" expectations and COVID trends have continued into Q3. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Generac upgraded to Buy from Neutral at BofA » 06:1708/0608/06/20
BofA analyst Ross Gilardi…
BofA analyst Ross Gilardi upgraded Generac to Buy from Neutral with a $200 price target. The analyst notes that the 4M homes whose power was knocked out by Tropical Storm Isaias was the "icing on the cake" to the 30% organic growth in its home standby business that the company reported in Q2. While the stock is at an all time high, Gilardi believes that valuation alone appears to be unlikely to stop the momentum of Generac shares.
Generac upgraded to Buy from Neutral at BofA » 06:0608/0608/06/20
BofA analyst Ross Gilardi…
BofA analyst Ross Gilardi upgraded Generac to Buy from Neutral.
Enphase Energy price target raised to $100 from $48 at H.C. Wainwright » 06:0208/0608/06/20
H.C. Wainwright analyst…
H.C. Wainwright analyst Amit Dayal raised the firm's price target on Enphase Energy to $100 from $48 and keeps a Buy rating on the shares. The analyst increased 2020 and 2021 estimates across all key line items to reflect continued expectation of elevated growth in the microinverter business with the launch of grid-agnostic IQ8 offering in Q4 and a "significant ramp" in the company's storage business.
Enphase Energy price target raised to $85 from $54 at Craig-Hallum » 09:2308/0508/05/20
Craig-Hallum analyst Eric…
Craig-Hallum analyst Eric Stine raised the firm's price target on Enphase Energy to $85 from $54 and keeps a Buy rating on the shares. The analyst notes that the company's Q2 results beat expectations despite the negative drag from COVID-19, Q3 guidance was above Street estimates and Enphase provided more details and transparency related to its emerging storage opportunity exiting 2020 and for 2021.
Enphase Energy price target raised to $90 from $80 at Barclays » 09:1208/0508/05/20
Barclays analyst Moses…
Barclays analyst Moses Sutton raised the firm's price target on Enphase Energy to $90 from $80 and keeps an Overweight rating on the shares saying the company surpassed high expectations in Q2. The analyst estimates Enphase's storage revenue will surpass $60M in Q3, which at 35% margin is around 15c per share.