Latest news with #BillPeterson
Yahoo
14-05-2025
- Business
- Yahoo
JP Morgan Signals Caution On Plug Power's Near-Term Challenges, Withdraws Price Forecast
JP Morgan analyst Bill Peterson reiterated a Neutral rating on Plug Power, Inc. (NASDAQ:PLUG) but has withdrawn the price forecast. On May 12, 2025, the company reported first-quarter revenue of $133.67 million, beating analyst estimates of $132.16 million and a loss of 21 cents per share, missing analyst estimates for a loss of 19 cents per share. Plug Power guided for second-quarter revenue in the range of $140 million to $180 million, versus estimates of $132.16 million, signaling confidence in continued demand analyst adjusted its second-quarter revenue estimates towards the lower end of the company's guidance range at $150 million (down from $156 million prior). Peterson has also slightly reduced the electrolyzer growth projections for the year, anticipating potential deal delays into 2026. Consequently, the analyst lowered the full-year revenue estimate to $729 million (from $756 million previously). The analyst also factored in Plug Power's need to raise an additional $100 million to $200 million to bridge the funding gap required for the initial drawdown of its Department of Energy (DOE) loan, which may occur later this year or in early 2026. Overall, the analyst says that Plug Power has significant potential for future growth through expansion into new markets, geographies, and the green hydrogen sector. However, the company currently faces near-term challenges related to liquidity, margin improvement, and the availability of hydrogen, which is impacting its current outlook. Investors can gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:HYDR). Price Action: PLUG shares are down 3.91% at $0.78 at the last check on Wednesday. Image via Shutterstock Date Firm Action From To Mar 2022 Canaccord Genuity Maintains Hold Mar 2022 JP Morgan Maintains Overweight Mar 2022 RBC Capital Maintains Outperform View More Analyst Ratings for PLUG View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? PLUG POWER (PLUG): Free Stock Analysis Report This article JP Morgan Signals Caution On Plug Power's Near-Term Challenges, Withdraws Price Forecast originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Automotive
- Yahoo
EVgo Is Well-Positioned For Robust Revenue Growth: Analyst
J.P. Morgan analyst Bill Peterson reiterated an Overweight rating on the shares of Evgo Inc (NASDAQ:EVGO) with a price forecast of $5.00. EVgo beat revenue expectations, thanks in part to stronger-than-anticipated performance from its eXtend business, said the analyst. The company reaffirmed both its financial and stall deployment targets, easing investor concerns around the stability of its Department of Energy (DOE) loan, which saw a second drawdown in April and remains on track for quarterly disbursements over five years. Management believes EVgo is well-positioned to grow market share in fast charging, especially as peers face challenges from uncertain EV policies and reduced spending by site hosts. : Ford Outperforms In Q1, Faces Tariff Challenges Ahead, Say Analysts The analyst stated that additional non-dilutive funding and potential small-scale acquisitions may further support growth. Tariff-related cost impacts are expected to be manageable at around $4–5 million in 2025, with much of the affected equipment already in inventory or en route. The company anticipates that cost-saving measures will help absorb these expenses. EVgo operates one of the largest DC fast-charging networks in the U.S., generating revenue from its expanding charger base. The company adds capacity based on growing demand and offers a reliable network that is compatible with all EVs, including Teslas, without adapters. With strong partnerships across automakers, rideshare, and autonomous fleets, EVgo is well-positioned for robust revenue growth, driven by rising utilization, faster charging, and potential DOE loan support, concluded the analyst. Price Action: EVGO shares closed higher by 4.36% at $3.83 on Thursday. Read Next:Photo via Shutterstock Date Firm Action From To Dec 2021 Needham Initiates Coverage On Hold Dec 2021 JP Morgan Initiates Coverage On Overweight Nov 2021 Capital One Initiates Coverage On Equal-Weight View More Analyst Ratings for EVGO View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article EVgo Is Well-Positioned For Robust Revenue Growth: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
21-03-2025
- Business
- Yahoo
Is Freeport-McMoRan's US-Based Footprint An Advantage? Analyst Upgrades Stock Amid Copper Import Tariff Risk
On Thursday, J.P. Morgan analyst Bill Peterson upgraded Freeport-McMoRan, Inc. (NYSE:FCX) to an Overweight rating from Neutral and raised the price forecast to $52 from $48. The bullish stance reflects the analyst's view that tariff-related factors will sustain premium pricing for the company's U.S.-based operations, alongside long-term supply constraints that support a strong pricing environment across the industry. Since President Trump's February 25 announcement that the Department of Commerce would assess whether U.S. copper imports present a national security risk, COMEX copper has maintained an average premium of approximately 10% over LME prices, adds the analyst. Peterson notes that the review is still in progress, with a conclusion expected by November 22. Read: This is poised to directly benefit Freeport-McMoRan's U.S. operations, which contribute around 10% of its operating profit for FY24 and an even higher 20% of post-tax earnings due to net operating loss (NOL) benefits, adds the analyst. Peterson notes the trajectory of Trump 2.0 trade policy suggests a high likelihood of protective measures for U.S. copper imports. Nevertheless, even if such policies do not materialize, Freeport-McMoRan still remains well-positioned compared to pure-play peers to capitalize on near-term upside opportunities, adds the analyst. The analyst sees an attractive risk/reward balance given the the expected resumption of concentrate exports and record gold prices boosting by-product credits at the Grasberg mine. Going forward, Peterson says that his Commodities team projects widening supply deficits this year and accelerating into the next decade, reinforcing a favorable long-term outlook for copper pricing. Investors can gain exposure to the stock via Sprott Copper Miners ETF (NASDAQ:COPP) and Themes ETF Trust Themes Copper Miners ETF (BATS:COPA). Price Action: FCX shares are down 3.24% at $39.38 at the last check Friday. Read Next:Photo via Shutterstock. Date Firm Action From To Mar 2022 Deutsche Bank Maintains Hold Mar 2022 Jefferies Maintains Buy Jan 2022 Deutsche Bank Maintains Hold View More Analyst Ratings for FCX View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? FREEPORT-MCMORAN (FCX): Free Stock Analysis Report This article Is Freeport-McMoRan's US-Based Footprint An Advantage? Analyst Upgrades Stock Amid Copper Import Tariff Risk originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
J.P. Morgan Remains On The Sidelines For Plug Power - Here's Why
J.P. Morgan analyst Bill Peterson reiterated a Neutral rating on Plug Power, Inc. (NASDAQ:PLUG). On Tuesday, the company reported revenue of $191.5 million, missing analyst estimates of $263.2 million, and customer warrant charges that stood at $22.7 million, based on updated forecasts and the timing of customer programs. The analyst writes that Plug Power could witness moderate growth in 2025 with an increase in material handling demand (+10% to 20% Y/Y) and electrolyzer deployments from its existing backlog (+60% Y/Y). Also, margin improvements should stay consistent, supported by the company's cost-cutting initiatives, higher equipment volumes, and additional hydrogen fuel capacity from Louisiana, per the analyst. Peterson says that Plug remains cautiously optimistic about securing the DOE loan, with Texas construction now likely delayed to fourth-quarter as they await an extra ~$200 million in financing. Meanwhile, investors will likely appreciate the renewed focus on core competencies, expecting solid execution and balance sheet improvement in the coming quarters, adds Peterson. Overall, the analyst writes that Plug Power can overcome its current cash flow challenges while the operating and capital markets environments remain tough. As a result, he expects PLUG shares to remain range-bound over the next few quarters until there's more clarity on its balance sheet and margin expansion. Investors can gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:HYDR) and ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:HDRO). Price Action: PLUG shares are down 3.70% at $1.56 at the last check Wednesday. Read Next:Photo via Shutterstock. Date Firm Action From To Mar 2022 Canaccord Genuity Maintains Hold Mar 2022 JP Morgan Maintains Overweight Mar 2022 RBC Capital Maintains Outperform View More Analyst Ratings for PLUG View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? PLUG POWER (PLUG): Free Stock Analysis Report This article J.P. Morgan Remains On The Sidelines For Plug Power - Here's Why originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
