Latest news with #Dendrinos
CNBC
20 hours ago
- Business
- CNBC
RBC Capital Markets upgrades this solar stock to outperform following tax credit clarification
There's a rosy outlook ahead for Sunrun , according to RBC Capital Markets. The bank upgraded the solar stock to an outperform rating from sector perform. Analyst Christopher Dendrinos' price target of $16 per share, up from $12, implies a potential upside of 15% from here. Shares of Sunrun have surged 50% this year. RUN YTD mountain RUN YTD chart As a catalyst, Dendrinos pointed to guidance issued Friday from the Treasury Department on how renewable projects might qualify for tax credits under President Donald Trump's One Big Beautiful Bill Act. While the act terminates investment and production tax credits for solar and wind projects after 2027, projects that start construction within 12 months of the passage of the act can still claim credits beyond this deadline. "Treasury guidance firms up longer term outlook and the business model," the analyst wrote. "We believe the guidance provides longer term demand visibility and largely removes the uncertainty under Trump's EO calling for stricter Treasury guidance on enforcement of 'commence construction' rules." Furthermore, the expiration of the federal homeowner rooftop solar tax credit in December of this year could drive demand to the third-party ownership market, where a solar company owns and maintains a solar system versus the homeowner, Dendrinos said. This shift would be a tailwind for Sunrun. "With the termination of the 25D credit we believe more favorable economics under a TPO model will drive demand away from non-TPO," Dendrinos said. "We believe this presents RUN with an opportunity to take share and selectively onboard additional dealers and hire others as non-TPO installers look to restructure and partner with a TPO provider." The analyst added that Sunrun's value proposition lies in its cash generation stemming from opportunities such as higher solar adoption, cost reductions in customer acquisition and higher utility power pricing. Dendrinos believes that Sunrun's cash generation forecast for 2026 could approximate to around $550 million, up from 2025's $308 million. — CNBC's Spencer Kimball contributed to this report.
Globe and Mail
15-04-2025
- Business
- Globe and Mail
Plug Power (PLUG) Gets a Hold from RBC Capital
RBC Capital analyst Chris Dendrinos maintained a Hold rating on Plug Power (PLUG – Research Report) yesterday and set a price target of $2.00. The company's shares closed yesterday at $1.06. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Dendrinos covers the Technology sector, focusing on stocks such as First Solar, Enphase Energy, and SolarEdge Technologies. According to TipRanks, Dendrinos has an average return of -14.2% and a 26.09% success rate on recommended stocks. In addition to RBC Capital, Plug Power also received a Hold from Susquehanna's Charles Minervino in a report issued yesterday. However, on April 8, Seaport Global maintained a Sell rating on Plug Power (NASDAQ: PLUG).
Globe and Mail
14-04-2025
- Business
- Globe and Mail
Analysts' Top NA Picks: GE Vernova Inc. (GEV), Waystar Holding Corp. (WAY)
There's a lot to be optimistic about in the NA sector as 2 analysts just weighed in on GE Vernova Inc. (GEV – Research Report) and Waystar Holding Corp. (WAY – Research Report) with bullish sentiments. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. GE Vernova Inc. (GEV) RBC Capital analyst Chris Dendrinos maintained a Buy rating on GE Vernova Inc. today and set a price target of $445.00. The company's shares closed last Friday at $321.43. According to Dendrinos ' ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -14.2% and a 26.1% success rate. Dendrinos covers the Technology sector, focusing on stocks such as Sunnova Energy International, Shoals Technologies Group, and NEXTracker, Inc. Class A. ;'> GE Vernova Inc. has an analyst consensus of Strong Buy, with a price target consensus of $429.60, a 38.6% upside from current levels. In a report issued on April 2, Susquehanna also initiated coverage with a Buy rating on the stock with a $370.00 price target. Waystar Holding Corp. (WAY) Bank of America Securities analyst Allen Lutz reiterated a Buy rating on Waystar Holding Corp. today and set a price target of $48.00. The company's shares closed last Friday at $37.27. According to Lutz is a 5-star analyst with an average return of 9.7% and a 60.8% success rate. Lutz covers the Healthcare sector, focusing on stocks such as Walgreens Boots Alliance, Hims & Hers Health, and Envista Holdings. ;'> Waystar Holding Corp. has an analyst consensus of Strong Buy, with a price target consensus of $49.86, a 37.0% upside from current levels. In a report issued on March 31, Truist Financial also initiated coverage with a Buy rating on the stock.
The Independent
10-03-2025
- Science
- The Independent
Rare Mediterranean monk seals making a comeback thanks to conservation efforts
Panagis the Mediterranean monk seal will soon be well enough to go home. As he sits on the side of a pool at a rehabilitation center in Greece eating his delectable lunch of whole mackerel, it is hard to imagine that just weeks ago, he was close to death. About three months ago, the orphaned seal pup was found struggling in the coastal waters of Cyprus. Since then, he has been one of dozens of Mediterranean monk seals, or Monachus monachus, that have been nursed back to health by Greece's MOm conservation charity. The remarkable charity is dedicated to the care and protection of the rare marine mammal whose population had dwindled so dramatically that at one point it faced extinction. Thanks to conservation efforts, the seals with the big, round eyes and prominent whiskers are now making a remarkable comeback. Nearly half of their estimated global population of 800 live in Greek waters, where the extensive coastline offers an abundance of sea caves that provide shelter for females to rear their young. From near extinction to recovery Sleek and remarkably fast in the water, the monk seal is a skillful hunter and can consume up to 3 kilograms (6 pounds) of fish, octopus and squid a day. But it's not averse to a ready meal, and can rip through fishing nets to steal fish — which led fishermen to view them as pests. For decades, they were hunted, contributing to a major population decline between the 1960s and 1980s that led the International Union for Conservation of Nature, or IUCN, to list them as critically endangered. When conservation efforts began in the 1980s, combined with outreach programs to educate the public — and fishermen — 'society gradually began to change … and the population began to recover,' said Panagiotis Dendrinos. Dendrinos, a marine biologist and coordinator of the Hellenic Society for the Study and Protection of the Monk Seal — or MOm — that has pioneered the Monachus monachus conservation program, says the monk seal is the only seal species in the Mediterranean Sea and also "one of the rarest species of seal and marine mammal in the world.' 'To protect an animal like the Mediterranean monk seal in its natural environment, you essentially have to protect the entire marine ecosystem,' he said. Conservation efforts have paid off, and in recent years, the species climbed down a notch on the IUCN's Red List of threatened species to 'endangered.' About a year ago improved one step further, to 'vulnerable.' A unique seal rehab Usually contacted by members of the public who find an animal in distress, MOm specialists tend to adult seals on location where possible, and transport young seals to the organization's rehabilitation center housed in the grounds of Athens zoo, on the outskirts of the Greek capital. There, the young mammals are looked after by veterinarians, fed a special diet to provide them with the best nutrition and hone their swimming skills in a pool. Their carers give them names — often after the people who found them — but make sure contact with humans is kept to a minimum to prepare the animals for their return into the wild. The young seals typically stay in the rehab center for several months, until they've put on enough weight and their natural hunting instinct kicks in, allowing them to fend for themselves. They are then tagged so they can be tracked, and re-introduced into the wild. MOm, the only center of its kind in the region, has cared for about 40 seals from far and wide, both on location and in its facilities, Dendrinos said. 'This year, we had a really pleasant surprise,' he said. A female seal that had been treated and released four years ago was spotted nursing a pup. Planes, boats and cars to the rescue Panagis was found in Cyprus, near where the body of his mother had been found a few days earlier. Alerted by locals, the organization arranged for the seal to be flown to Athens. 'Transportation is carried out with whatever is available,' said veterinary assistant Nikitas Vogiatzis, shortly after feeding Panagis. 'Either by plane, or by boat, or even by taxi. "Konstantina came in a taxi, Panagis by plane, Renos came on a boat,' he said, listing MOm's most recent wards. Weighing just under 15 kilograms (33 pounds) when he arrived, the now 3-month-old seal has reached over 40 kilograms (88 pounds). Panagis is nearly ready for his return trip home, which MOm experts hope will happen in May. Back into the wild Renos — short for Renos-Pantelis — was found in November in the small Aegean island of Anafi by a nurse and a military conscript whom he was named after. The seal pup was shipped to MOm's facility. He got medical treatment and was put on a special diet until he was old enough to move on to solid fish — the mackerel that Panagis is so fond of. He recovered and on a cold, sunny February day, it was his turn to head back into the wild. MOm personnel loaded him into a crate and whisked him by speedboat to the uninhabited islet of Gyaros, the closest marine protected area to Athens. The release location is chosen 'based on there being enough food, and there being no disturbance by people, which is very important,' said Vogiatzis, the veterinary assistant. The crate is placed near the water, he said. Then, "you open the door, you say a prayer and you say: 'So long'.' Renos' crate was deposited on a beach and the door opened. The young seal sniffed the air timidly, and waited. Slowly, he inched his way out of the crate, then picked up speed as he belly-hauled his way down the beach, splashed into the sea and was gone. ___
