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Recommendations
COVID-19 disruption favors Tesla's medium-term EV lead, says Morgan Stanley » 09:10
04/09/20
04/09
09:10
04/09/20
09:10
TSLA

Tesla

$548.38 /

+2.93 (+0.54%)

, GM

General Motors

$23.12 /

+1.83 (+8.60%)

Morgan Stanley analyst…

Morgan Stanley analyst Adam Jonas said that as traditional automakers face difficult spending decisions to preserve short term liquidity, they can either continue to fund expensive electric vehicle and autonomous vehicle projects this year or delay their spending. General Motors (GM), for example, has delayed mid-cycle updates of some of its truck, SUV, and sports car platforms into 2021, although to his knowledge it hasn't delayed its GMC Hummer EV launch planned for 2021. The further out that competitive EV programs get pushed out, the more Tesla (TSLA) will be able to extend its competitive edge in electrification, said Jonas, who sees the immense disruption from COVID-19 favoring Tesla's medium-term EV lead. He keeps an Equal Weight rating and $440 price target on Tesla shares.

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Yesterday
Options
Notable open interest changes for April 8th » 08:55
04/08/20
04/08
08:55
04/08/20
08:55
T

AT&T

$29.57 /

+0.68 (+2.35%)

, TSLA

Tesla

$545.45 /

+29.56 (+5.73%)

, GE

General Electric

$7.03 /

-0.2 (-2.77%)

, F

Ford

$4.71 /

+0.2 (+4.43%)

Tuesday's total…

Tuesday's total option volume of 27.6 million contracts resulted in net open interest growth of 2.97 million calls and 3.11 million puts. AT&T (T), Tesla (TSLA), General Electric (GE) and Ford (F) saw the greatest growth. Top five new positions opened include 72k Ford (F) Jan-21 7 calls, 47k AT&T (T) Apr-20 31 calls, 26k Fiat Chrysler (FCAU) Jan-21 11.54 calls, 26k Bank of America (BAC) Dec-20 27 calls and 20k Fiat Chrysler (FCAU) Jan-21 8.54 calls.

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Recommendations
Enphase Energy price target lowered to $43 from $54 at Craig-Hallum » 08:52
04/08/20
04/08
08:52
04/08/20
08:52
ENPH

Enphase Energy

$34.87 /

+0.77 (+2.26%)

Craig-Hallum analyst Eric…

Craig-Hallum analyst Eric Stine lowered the firm's price target on Enphase Energy to $43 from $54 and keeps a Buy rating on the shares. The analyst expects near-term residential solar demand to be impacted by COVID-19, specifically from shelter-in-place and stay-at-home orders impacting sales, customer acquisition, financing, permitting, installation and interconnection. Nonetheless, a healthy long-term outlook and balance sheet should help the company get beyond near-term COVID-19 headwinds.

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Periodicals
Tesla to furlough workers, slash employees' salaries, CNBC reports » 05:57
04/08/20
04/08
05:57
04/08/20
05:57
TSLA

Tesla

$545.45 /

+29.56 (+5.73%)

Tesla will be temporarily…

Tesla will be temporarily reducing employees' salaries and will furlough non-essential workers after health orders to curb COVID-19 have forced it to suspend new vehicle production, CNBC's Lora Kolodny reports. The company made the announcement in an email sent out to employees by Valerie Workman, the company's head of North American HR on Tuesday, CNBC says. According to the email, Tesla will begin implementing certain cost-cutting measures starting on April 13 and plans to resume normal production at its Fremont, California car plant on May 4. The pay reductions are expected to be in place until the end of the second quarter. Reference Link

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Tuesday
Hot Stocks
Scientific Games wins 10-year contract for Iowa Lottery » 16:11
04/07/20
04/07
16:11
04/07/20
16:11
SGMS

Scientific Games

$7.38 /

-0.08 (-1.07%)

Scientific Games…

Scientific Games Corporation announced it won the Iowa Lottery's 10-year contract for a new statewide gaming system to serve the lottery and the 2,400 retail locations where Iowa Lottery games are sold. The Iowa Lottery Authority Board voted 5-0 to award Scientific Games the contract and begin negotiations immediately. The 10-year contract may be extended by the Lottery up to five additional years. The Iowa Lottery plans to flip the switch to the new gaming system in the summer of 2021.

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Conference/Events
Roth Capital alternative energy analyst to hold analyst/industry conference call » 09:25
04/07/20
04/07
09:25
04/07/20
09:25
NOVA

Sunnova Energy

$9.45 /

+0.395 (+4.36%)

, RUN

Sunrun

$10.00 /

+1.16 (+13.12%)

, SPWR

SunPower

$5.56 /

+0.815 (+17.19%)

, VSLR

Vivint Solar

$4.26 /

+0.25 (+6.23%)

, ENPH

Enphase Energy

$34.10 /

+5.44 (+18.98%)

, SEDG

SolarEdge

$85.24 /

+10.81 (+14.52%)

Alternative Energy…

Alternative Energy Analyst Shen, along with Yann Brandt, CEO of Quick Mount PV & Managing Editor of SolarWakeup.com, Dan Javan, CEO of Suntuity, Matt Potere, CEO of Sunlight Financial and Chuck Norris, Strategic Account Manager for Gexpro discuss the latest results from Brandt's U.S. residential survey including sales activity, loan conditions and supply chain on an Analyst/Industry conference call to be held on April 7 at 10 am.

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Hot Stocks
Enphase Energy partners with Courant Naturel for solar rooftop solutions » 08:47
04/07/20
04/07
08:47
04/07/20
08:47
ENPH

Enphase Energy

$34.10 /

+5.44 (+18.98%)

Enphase Energy announced…

Enphase Energy announced it has collaborated with Courant Naturel, a fast-growing residential solar installer with headquarters in Soual, France, to deliver solar solutions to customers in southwest France. Courant Naturel has served residential solar customers in southwest France since 2007. The company has chosen Enphase as its exclusive inverter supplier, using Enphase IQ 7X microinverters, along with SunPower X-Series, an Enphase Energized AC Module leveraging IQ 7X microinverters. In addition, Courant Naturel's residential solar systems are outfitted with Enphase Envoy communications gateways, which connect the solar system to the Enphase Enlighten monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy.

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Conference/Events
Roth Capital alternative energy analyst to hold analyst/industry conference call » 04:55
04/07/20
04/07
04:55
04/07/20
04:55
NOVA

Sunnova Energy

$9.45 /

+0.395 (+4.36%)

, RUN

Sunrun

$10.00 /

+1.16 (+13.12%)

, SPWR

SunPower

$5.56 /

+0.815 (+17.19%)

, VSLR

Vivint Solar

$4.26 /

+0.25 (+6.23%)

, ENPH

Enphase Energy

$34.10 /

+5.44 (+18.98%)

, SEDG

SolarEdge

$85.24 /

+10.81 (+14.52%)

Alternative Energy…

Alternative Energy Analyst Shen, along with Yann Brandt, CEO of Quick Mount PV & Managing Editor of SolarWakeup.com, Dan Javan, CEO of Suntuity, Matt Potere, CEO of Sunlight Financial and Chuck Norris, Strategic Account Manager for Gexpro discuss the latest results from Brandt's U.S. residential survey including sales activity, loan conditions and supply chain on an Analyst/Industry conference call to be held on April 7 at 10 am.

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Monday
Hot Stocks
Ally Financial says automotive loans have declined significantly » 11:31
04/06/20
04/06
11:31
04/06/20
11:31
ALLY

Ally Financial

$13.05 /

+1.07 (+8.93%)

Ally Financial disclosed…

Ally Financial disclosed earlier in a regulatory filing, "The response of governmental and nongovernmental authorities. Many of their actions have been directed toward curtailing household and business activity to contain COVID-19 while simultaneously deploying fiscal- and monetary-policy measures to partially mitigate the adverse effects on individual households and businesses. These actions are not always coordinated or consistent across jurisdictions but, in general, have been rapidly expanding in scope and intensity. For example, in many jurisdictions, governments have acted to temporarily close or restrict the operations of automotive dealers, and as a result, we have recently experienced a significant decline in our origination of consumer automotive loans and leases."

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Hot Stocks
Ally Financial sees 'significant' provision expense in Q1 for credit losses » 11:28
04/06/20
04/06
11:28
04/06/20
11:28
ALLY

Ally Financial

$13.05 /

+1.07 (+8.93%)

Ally Financial said…

Ally Financial said earlier today in a regulatory filing, "As further described in our 2019 10-K, because of CECL, our financial results may be negatively affected as soon as weak or deteriorating economic conditions are forecasted and alter our expectations for credit losses. In addition, due to the expansion of the time horizon over which we are required to estimate future credit losses under CECL, we may experience increased volatility in our future provisions for credit losses. As a result, factoring in COVID-19, we expect to incur a significant provision expense for credit losses in the first quarter of 2020 and may incur significant provision expense for credit losses in future periods as well."

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