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Fly News Breaks for January 30, 2020
Jan 30, 2020 | 09:22 EDT
Credit Suisse analyst Michael Weinstein notes that Tesla (TSLA) reported "strong" residential solar installation growth at 54 MW in Q4, up 26% quarter over quarter but down 26% year over year, and guided 2020 solar installations to grow at least 50%. A 50% growth implies Tesla's residential market share could grow to about 5.6% in 2020, up 110 bps year over year, and above his market growth expectations of 20% in the year, mainly as a factor of growth from a smaller shrinking base in 2018/2019. Weinstein sees "significant" room for growth for Tesla and peers as the residential solar market is highly underpenetrated. Tesla's faster growth should have a positive impact on the broader residential solar space with improved customer education, he argues, adding that faster than expected market growth is positive for all residential solar developers - such as Sunrun (RUN), Sunnova Energy (NOVA), SunPower (SPWR), and Vivint Solar (VSLR) - and smart inverter manufacturers like Enphase Energy (ENPH) and SolarEdge (SEDG).
Aug 3, 2021 | 08:55 EDT
Monday's total option volume of 31.9 million contracts resulted in net open interest growth of 4.92 million calls and 3.79 million puts. Apple (AAPL), Tesla (TSLA), Advanced Micro (AMD) and AMC Entertainment (AMC) saw the greatest growth. Top five new positions opened include 35k Macy's (M) Sep-21 18 calls, 22k Apple (AAPL) 8/6 weekly 146 calls, 16k Sundial Growers (SNDL) 8/13 weekly 1 calls, 15k US Steel (X) Aug-21 22 puts and 15k Apple (AAPL) 8/13 weekly 150 calls.
Aug 3, 2021 | 08:46 EDT
As previously reported, Johnson Rice analyst Martin Malloy upgraded SolarEdge to Accumulate from Hold with a price target of $325, up from $290, after the company reported better than expected Q2 EPS and revenue above the top end of previously announced guidance. He notes that U.S. commercial revenue grew 80% sequentially in Q2 as SolarEdge successfully managed its supply chain challenges to meet strong growth in demand.
Aug 3, 2021 | 07:35 EDT
As previously reported, Citi analyst J.B. Lowe upgraded SolarEdge to Buy from Neutral with a price target of $360, up from $300. SolarEdge announced its foray into the residential storage space "with a bang" after several quarters of delays, said Lowe, who notes that a storage ramp is key to his upgrade. The supply agreement with Samsung SDI and anticipated capacity ramp to 250 MWh by mid-2022 exceeded his expectations and sets the stage for SolarEdge to become "a major player in the competitive residential solar space" much more quickly than he expected, the analyst tells investors.
Aug 3, 2021 | 07:28 EDT
Citi analyst J.B. Lowe upgraded SolarEdge to Buy from Neutral with a $360 price target.
Aug 2, 2021 | 19:08 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGSMistras... To see the rest of the story go to See Story Here
Aug 2, 2021 | 14:01 EDT
Notable companies reporting after the market close, with earnings consensus, include ZoomInfo Technologies (ZI), consensus 12c... Take-Two (TTWO), consensus 89c... SolarEdge (SEDG), consensus $1.12... Mosaic (MOS), consensus 95c.
Aug 2, 2021 | 13:49 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. TESLA RESULTS: Tesla... To see the rest of the story go to See Story Here
Aug 2, 2021 | 09:55 EDT
Notable gainers among liquid option names this morning include National Oilwell (NOV) $14.44 +0.62, Tesla (TSLA) $716.66 +29.11, Under Armour Class A (UAA) $21.28 +0.83, Newell Brands (NWL) $25.64 +0.89, and Ralph Lauren (RL) $117.56 +4.04.
Aug 2, 2021 | 09:29 EDT
KGI Securities analyst Jennifer Liang initiated coverage of Tesla with an Outperform rating and $855 price target.