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Fly News Breaks for March 3, 2020
HASI, ENPH, BE, RUN, NOVA, SEDG, FSLR
Mar 3, 2020 | 07:31 EDT
Exiting the Q4 earnings season, JPMorgan analyst Paul Coster remains constructive on Alternative Energy. The analyst's picks are First Solar (FSLR), SolarEdge (SEDG), Sunnova Energy (NOVA) and Sunrun (RUN). Coster also has Overweight ratings on Bloom Energy (BE), Enphase Energy (ENPH) and Hannon Armstrong (HASI). Alternative Energy looks like a good place to be invested at present, mainly owing to positive fundamentals, but also owing to socially responsible investor interest in the space, Coster tells investors in a research note.
News For FSLR;SEDG;NOVA;RUN;BE;ENPH;HASI From the Last 2 Days
BE, RUN
May 5, 2021 | 19:18 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGSGildan... To see the rest of the story go to thefly.com. See Story Here
BE
May 5, 2021 | 16:05 EDT
Sees FY21 non-GAAP gross margin about 25%, with non-GAAP operating margin about 3% and cash flow from operations "approaching positive."
RUN
May 5, 2021 | 14:30 EDT
Notable companies reporting after the market close, with earnings consensus, include PayPal (PYPL), consensus $1.01... Uber Technologies (UBER), consensus (54c)... Booking Holdings (BKNG), consensus ($5.87)... Twilio (TWLO), consensus (9c)... MetLife (MET), consensus $1.53... Rocket Companies (RKT), consensus 90c... Cognizant (CTSH), consensus 94c... Allstate (ALL), consensus $3.88... Etsy (ETSY), consensus 88c... Qorvo (QRVO), consensus $2.43... Fox Corp. (FOXA), consensus 58c... Trimble (TRMB), consensus 54c... Lumen Technologies (LUMN), consensus 40c... Zynga (ZNGA), consensus 9c... CF Industries (CF), consensus 60c...Sunrun (RUN), consensus (11c)... Fastly (FSLY), consensus (11c)... Redfin (RDFN), consensus (34c)... Leslie's (LESL), consensus (9c)... Root (ROOT), consensus (44c)... WW International (WW), consensus (24c).
ENPH, FSLR
May 5, 2021 | 12:48 EDT
Welcome to The Fly's latest edition of "Charged," where we look back at some recent analysts' notes, news and activity in the electric vehicle and clean energy space. FIRST QUARTER BEAT:... To see the rest of the story go to thefly.com. See Story Here
HASI
May 4, 2021 | 18:59 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGSCommercial... To see the rest of the story go to thefly.com. See Story Here
HASI
May 4, 2021 | 16:22 EDT
Reports Q1 revenue $51.7M, consensus $24.62M. "With strong first quarter results, we remain on track to deliver on our three-year distributable EPS guidance," said Jeffrey W. Eckel, Hannon Armstrong Chairman and Chief Executive Officer. "In addition, the Hannon Armstrong Foundation's announcement of its first grant to support sustainability-focused undergraduates from disadvantaged backgrounds serves as an important step forward in our journey to drive meaningful and sustained impact at the intersection of climate action and social justice."
ENPH, SEDG
May 4, 2021 | 08:35 EDT
Northland analyst Gus Richard raised the firm's price target on SolarEdge (SEDG) to $220 from $210 and keeps an Underperform rating on the shares after the company reported an "in-line quarter" that he does not see as likely to be enough to move its shares higher. While noting that SolarEdge will grow "slightly faster" in Q2 due to tight inventory at Enphase Energy (ENPH), Richard added that he does not believe the outperformance is sustainable.
SEDG
May 4, 2021 | 07:10 EDT
Susquehanna analyst Biju Perincheril noted SolarEdge reported better than expected Q1 volumes but missed on earnings due to higher operating costs. The analyst said its Q2 guidance was inline but sees weaker gross margins due to shipping constraints. Perincheril noted the demand remains robust across multiple geographies.