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Globe and Mail
6 hours ago
- Globe and Mail
Here's Why Joby Aviation Stock Flew Higher in July
Key Points Joby Aviation is leading the race to Federal Aviation Administration certification. The company's vertically integrated business model means that expanding its manufacturing capacity is even more critical to investors. Joby has the backing of key companies that will enhance its prospects of offering its air taxi services while running its fleet. 10 stocks we like better than Joby Aviation › Shares in electric vertical take-off and landing (eVTOL) company Joby Aviation (NYSE: JOBY) soared by 57.9% in July, according to data provided by S&P Global Market Intelligence. The move came largely after the news broke that Joby announced the expansion of its manufacturing site in California and, in doing so, doubled its aircraft production capacity. In addition, Joby expanded a facility in Ohio that will manufacture and test components. It's an important development for two main reasons. Joby Aviation expands manufacturing capacity First, it's a sign of growing confidence in its ongoing certification process. The latest news on that front came from the recent announcement that Joby is "preparing for final assembly of its first conforming aircraft intended for Type Inspection Authorization (TIA) flight tests" with the Federal Aviation Administration (FAA). Management expects to complete its first TIA flight this year as it moves toward final certification. Second, the news is particularly important for the company because of its vertical integration strategy. In this case, "vertical" means management is primarily designing and manufacturing its eVTOL components in-house. This differentiates it from eVTOL competitors like Archer Aviation or Vertical Aerospace, which have technology partners. As such, Archer and Vertical Aerospace both believe their business models should result in a quicker certification process and with less risk attached. However, it seems Joby is leading the field in terms of FAA certification, and expanding its manufacturing capacity helps de-risk the stock from one of investors' most significant fears: the possibility that its vertically integrated model will create manufacturing issues for a young company. Toyota's and Uber's involvement is key While Joby has a vertically integrated model, it also has investment from and a manufacturing alliance with Toyota. The Japanese car company has invested $894 million in Joby, and Toyota is working with Joby to help optimize its manufacturing processes. In addition, Uber has invested $125 million in Joby so far, with the eVTOL company acquiring Uber Elevate. This is a key part of Joby's overall business model, which involves owning and operating its own fleet of aircraft and offering transportation services (air taxis) itself rather than selling aircraft to other operators. Moreover, Delta Air Lines is on track to invest $200 million in Joby, with the intent to deliver a service to Delta customers traveling to and from airports. Joby's plans are ambitious, but they are perfectly feasible. The partnerships with Toyota, Uber, and Delta make sense, and Joby's management is de-risking the stock with its capacity expansion and progress toward certification. Should you invest $1,000 in Joby Aviation right now? Before you buy stock in Joby Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Joby Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025
Globe and Mail
6 hours ago
- Globe and Mail
Why Clean Energy Fuels Stock Raced Nearly 13% Higher Today
Key Points The energy company delivered better-than-expected numbers in its latest earnings release. It beat on both the top and bottom lines with second-quarter results. 10 stocks we like better than Clean Energy Fuels › Clean Energy Fuels (NASDAQ: CLNE), a company that sells renewable natural gas (RNG) as a fuel for automobiles, scored a clean win on the stock exchange Friday. Its shares zoomed almost 13% higher after it unveiled its latest set of quarterly results, which, among other things, featured a double beat on analyst estimates. With that performance, it crushed the 0.8% increase of the S&P 500 index. Confidence renewed after results published Clean Energy Fuels' second quarter saw the company post revenue of $102.6 million, which was nearly 5% higher on a year-over-year basis. Non-GAAP (adjusted) net income fell to $337,000, shaking out to less than $0.01 per share. Despite the bottom-line decline, analysts were expecting notably worse results. On average, they were modeling slightly over $94 million for revenue and a net loss of $0.06 per share. In its earnings release, Clean Energy Fuels CEO Andrew Littlefair said, "RNG remains the most immediate and cost-effective clean transportation fuel, as we see continued strong demand reflected in our solid second quarter results." Littlefair also pointed out that the government's recently passed "big, beautiful bill" supports the RNG market. Its extension of the clean fuel production tax credit should be a boon for RNG producers and suppliers. Powering big fleets Clean Energy Fuels is doing quite well in its rather limited niche, and during the quarter, it executed new supply arrangements with a number of municipal transit fleets, including LA Metro in Los Angeles. Such customers tend to be long-term and reliable, so it'll be worthwhile for investors to keep an eye on how the segment continues to develop for the company. Should you invest $1,000 in Clean Energy Fuels right now? Before you buy stock in Clean Energy Fuels, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Clean Energy Fuels wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025
Globe and Mail
7 hours ago
- Globe and Mail
5 Important Takeaways From SoFi's Blowout Earnings Report
Key Points SoFi reported earnings that handily beat expectations on both the top and bottom lines. The loan platform business is generating an impressive stream of fee income. SoFi's asset quality is improving, with the net charge-off ratio declining by more than 40 basis points. 10 stocks we like better than SoFi Technologies › SoFi Technologies (NASDAQ: SOFI) recently reported its second-quarter earnings, and the stock soared to a multiyear high. Not only were the numbers generally stronger than analysts had been looking for, but the company also is growing in all the right ways and has big plans. With that in mind, here are some of the key takeaways from SoFi's earnings report that you need to know, and what to keep an eye on. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » 1. Growth momentum isn't slowing down In the second quarter, revenue growth was 44% year over year, an acceleration over its prior rate. The company grew its membership base by 34% year over year, adding 846,000 new members, the highest single-quarter total ever. 2. Capital-light revenue streams are strong SoFi has been a personal lender for years, but the recent focus has been on the loan platform business, which consists of several capital-light streams of fee income. In addition to securitizing loans and selling them to investors, the company has been originating a high volume of loans on behalf of third parties and referring applicants to other lending partners. Its loan platform is generating high-margin fee income at a rate of more than $500 million annually on a run rate of $9.5 billion in loan originations. Fee-based revenue now makes up 44% of the company's total, compared with 27% a couple of years ago, and this shift is a big reason for SoFi's surprisingly strong profitability. Noninterest income roughly quadrupled year over year, and the loan platform business has been the primary driver. 3. Profits are better than expected Not only did SoFi produce better-than-expected profitability in the second quarter, but the company also reported its highest earnings per share (EPS) ever. It produced an 11% adjusted net margin, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 80% year over year. And management raised its full-year 2025 guidance for all major profitability metrics and now expects EPS to more than double from 2024 levels. 4. Asset quality is improving SoFi's loan net charge-off rate ticked higher in 2023 but it has been in a clear downward trend for nearly two years. Since it peaked at 3.98% in late 2023, the net charge-off rate for personal loans has declined to 2.83%, including a 48-basis-point sequential drop in the most recent quarter. 5. More than personal loans SoFi is well known for its personal loan business, and for good reason. But the company also originates student loans and home loans, and I'd argue that these are underappreciated growth drivers. In the second quarter, student loan volume grew by 35%, and I wouldn't be surprised to see it accelerate in the second half of the year, since more pandemic-era federal student loan protections have expired recently. For example, borrowers whose loans are in limbo as the SAVE repayment plan makes its way through the legal system just recently saw interest start accumulating on their student loans again. Perhaps most exciting is the fintech's home loan business, which grew volume by more than 90% year over year despite a slow real estate market and persistent high interest rates. There's a lot of pent-up demand for home purchases as well as for refinancing and home equity lines of credit, and if mortgage rates fall, this could become a big business. What to watch The second half of 2025 could be an exciting time for SoFi. The Federal Reserve is widely expected to resume interest rate cuts, and this could help lower the company's deposit cost. Also, management is bringing back cryptocurrency trading before the end of the year and has other big plans to integrate cryptocurrency and blockchain technology throughout its platform. Along with its earnings report, SoFi announced a plan to raise $1.5 billion in fresh capital by selling new common stock. With plenty of growth opportunities, this could help take its business to the next level. Should you invest $1,000 in SoFi Technologies right now? Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025
