Latest news with #ChristopherDendrinos
Yahoo
07-07-2025
- Business
- Yahoo
RBC Raises Target on First Solar (FSLR) to $200, Reaffirms Outperform
First Solar Inc. (NASDAQ:FSLR) is one of the 10 best sustainability stocks to buy now. The company specializes in cadmium telluride thin-film solar modules, which require less energy, semiconductor material, and water to produce than traditional crystalline silicon (c-Si) panels. The Series 7 product line boasts one of the industry's lowest environmental footprints, and the company operates its own end-of-life recycling facilities, recovering over 90% of materials for reuse. RBC Capital's Christopher Dendrinos raised his price target on First Solar to $200 from $188 on June 30, maintaining an Outperform rating. In his note to investors, Dendrinos pointed to policy developments under the current draft of the One Big Beautiful Bill (OBBB), which he believes could boost short- and medium-term demand for U.S.-based solar manufacturers like First Solar. Solar panel workers installing a new farm for clean energy generation. He highlighted that solar developers are likely to fast-track projects to lock in benefits before the Investment Tax Credit (ITC) phases out. They might also be trying to steer clear of possible penalties related to foreign content rules under the new excise tax proposal. Dendrinos says this could lead to a boost in short-term demand, helping strengthen First Solar's order book. He believes the policy tailwinds outlined in the bill align well with the company's U.S.-focused manufacturing base and reinforce its positioning for continued growth. First Solar Inc. (NASDAQ:FSLR) is a leading American solar technology company that manufactures eco-efficient solar modules. While we acknowledge the potential of FSLR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Harvard University Stock Portfolio: Top 10 Stock Picks and . Disclosure: None.
Yahoo
02-07-2025
- Business
- Yahoo
Why Bloom Energy Stock Blasted Nearly 30% Higher Last Month
The company stands to benefit from the Big, Beautiful Bill. It's also well positioned to help serve the needs of a hot new technology. 10 stocks we like better than Bloom Energy › The future of the energy industry was firmly on the minds of American investors in June. The Big, Beautiful Bill championed by President Trump was making its way through Congress, and a series of its provisions concerned the sector. New proposals essentially favored certain types of energy production over others. Luckily for Bloom Energy (NYSE: BE), it was one of the beneficiaries. That put it in a particularly advantageous position, as the U.S. will surely be coping with increased demand for energy sources in the years to come. It didn't come as a surprise, then, that an analyst reiterated his positive view of Bloom's future in a research note published near the start of the month. The analyst in question was RBC Capital's Christopher Dendrinos, who is holding fast to his outperform (read: buy) recommendation and $26 per share price target for Bloom. Dendrinos's position is based on that much-anticipated spike in demand for energy, according to reports. The analyst pointed out that the company has both short- and long-term opportunities presented by that rise, which to no small extent is due to the rapid emergence of artificial intelligence (AI) technology. Bloom appears particularly well positioned for the Age of AI. Data centers designed for the technology need reliable sources of power that can be provided in significant volume and, ideally, are clean compared to other generation methods. The company's energy servers are quite suited for this work. As the month went by, Bloom became more of an apparent winner with Trump's budget reconciliation bill. In the version that was ultimately passed by the Senate certain types of energy production would be affected by a change making it harder for them to obtain federal tax credits. This applies to solar and wind projects, however, and not the natural gas or hydrogen offerings that are Bloom's specialties. In fact, the bill gives hydrogen energy developers an extension on federal tax credits, and generally supports the more traditional natural gas segment. The Big, Beautiful Bill still has to pass a fresh vote in the House of Representatives. There are apparently some holdouts in Trump's Republican party in the chamber, so success is by no means assured -- it could face tough challenges as it did with senators. Bloom's future depends rather heavily on the bill's ultimate fate. However, I think that even if the hydrogen/natural gas-favoring provisions in the final Senate version are reduced in some way those technologies would still be given advantages. Meanwhile, the company is one of the younger and more innovative players in its industry, which is still dominated by fairly traditional power producers. I think that tech has real potential, and the latest moves by our nation's lawmakers are sure to give it at least something of a tailwind. It's a risky stock to own, but one that seems like a decent bet these days. Before you buy stock in Bloom Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bloom Energy 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 $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Bloom Energy Stock Blasted Nearly 30% Higher Last Month was originally published by The Motley Fool 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
23-06-2025
- Business
- Yahoo
RBC Capital Cuts Enphase Energy (ENPH) PT to $28 Amidst Concerns Over Proposed Senate Reconciliation Bill
Enphase Energy Inc. (NASDAQ:ENPH) is one of the best technology stocks according to Wall Street analysts. On June 18, RBC Capital analyst Christopher Dendrinos adjusted the price target on Enphase Energy to $28 from $50, while maintaining a Sector Perform rating on the shares. This revision was primarily a response to the proposed Senate reconciliation bill, which is expected to impact the clean energy sector. RBC's analysis assumes that the bill passes with its current Senate-proposed provisions, which would lead to lowered demand and margin assumptions for residential solar companies like Enphase Energy. This is due to expected residential solar lease restrictions and the termination of 25D tax credits. While the Senate's proposed revisions are seen as more favorable than the House version in some aspects, the restriction on the stacking provision is considered more restrictive by RBC. A solar panel array stretched across a large open field, its glimmering panels reflecting the sun. In Q1 2025, the company showed a revenue of $356.1 million, which included $54 million of Safe Harbor revenue. ~1.53 million microinverters and 170.1 megawatt-hours of batteries were shipped in Q1. For Q2, Enphase Energy provided revenue guidance of $340 to $380 million. The company is expanding its product offerings with the launch of the fourth-generation IQ battery and the IQ9 microinverter. Enphase Energy Inc. (NASDAQ:ENPH) designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry internationally. While we acknowledge the potential of ENPH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Related Content NASDAQ 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
17-05-2025
- Business
- Yahoo
Fluence Energy, Inc. (FLNC) was Upgraded by Analysts This Week. Here is Why.
Fluence Energy, Inc. (NASDAQ:FLNC) was upgraded by not one, but two analysts this week. Let's take a look at why that happened. Fluence Energy, Inc. (NASDAQ:FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. Fluence Energy, Inc. (NASDAQ:FLNC) was upgraded by UBS' Jon Windham this week, who raised its price target from $4.5 to $6, while retaining its Neutral rating. The firm's bullish take on the stock was based chiefly on the trade truce between the US and China, with the belief that companies that factored high tariffs into their guidance might stand to benefit. Fluence received another upgrade this week, from RBC Capital's Christopher Dendrinos, who raised the energy company's price target from $6 per share to $7, while also maintaining a Neutral recommendation. It must also be noted that Fluence Energy, Inc. (NASDAQ:FLNC) reported its Q2 2025 results last week, beating both EPS and revenue estimates. However, the company reduced its guidance for the second quarter in a row, largely due to the economic uncertainty caused by President Trump's tariffs. Given the positive investor sentiment following the aforementioned developments, the share price of Fluence Energy, Inc. (NASDAQ:FLNC) has surged by more than 18% over the last week. While we acknowledge the potential of FLNC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FLNC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
