Latest news with #GLJResearch
Yahoo
3 days ago
- Business
- Yahoo
GLJ upgrades SolarEdge to Hold on ‘solar friendly' Senate
GLJ Research analyst Gordon Johnson upgraded SolarEdge (SEDG) to Hold from Sell with a $6.90 price target The firm cites the recent selloff in the shares and the 'solar friendly' Senate for the upgrade. Being short carries risks as Senate budget bill language favors residential solar, creating risk of a near-term 'swift move higher' in the shares, the analyst tells investors in a research note. However, GLJ still sees SolarEdge's core business as 'structurally flawed.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on SEDG: Disclaimer & DisclosureReport an Issue SolarEdge upgraded to Hold from Sell at GLJ Research Charged: Solar stocks under pressure after House passes revised tax bill SolarEdge Technologies Faces Stock Slump Amid Market Turmoil Solar Stocks Bounce Back as Senate Disagrees with Clean Energy Cuts Stocks slide as Trump threatens new tariffs against EU and Apple: Morning Buzz
Yahoo
3 days ago
- Business
- Yahoo
GLJ upgrades Sunrun to Hold on ‘solar friendly' Senate
GLJ Research upgraded Sunrun (RUN) to Hold from Sell with a $7.78 price target The firm cites the recent selloff in the shares and the 'solar friendly' Senate for the upgrade. Being short carries risks as Senate budget bill language favors residential solar, creating risk of a near-term 'swift move higher' in the shares, the analyst tells investors in a research note. However, GLJ still sees Sunrun's core business as 'structurally flawed.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on RUN: Disclaimer & DisclosureReport an Issue Sunrun upgraded to Hold from Sell at GLJ Research Sunrun price target lowered to $12 from $17 at UBS Sunrun call volume above normal and directionally bullish Sunrun price target lowered to $6 from $7 at Jefferies Charged: Solar stocks under pressure after House passes revised tax bill 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
Business Insider
5 days ago
- Business
- Business Insider
United States Steel (X) was downgraded to a Sell Rating at GLJ Research
In a report released today, Gordon Johnson from GLJ Research downgraded United States Steel (X – Research Report) to a Sell, with a price target of $53.23. The company's shares closed today at $53.23. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Johnson is an analyst with an average return of -5.8% and a 56.15% success rate. Johnson covers the Technology sector, focusing on stocks such as Enphase Energy, First Solar, and SolarEdge Technologies. The word on The Street in general, suggests a Hold analyst consensus rating for United States Steel with a $44.25 average price target.
Yahoo
6 days ago
- Business
- Yahoo
Cleveland-Cliffs shares slide after GLJ Research double-downgrades stock to Sell
-- Shares in Cleveland-Cliffs (NYSE:CLF) slid roughly 1.5% in premarket trading Wednesday after GLJ Research double-downgraded the stock to Sell from Buy and cut the price target to $3.91. The downgrade marks a stark reversal in analyst Gordon Johnson's stance, who acknowledged a "horrible/terrible call to buy CLF's stock' in January at $9.90 per share. According to GLJ's note, the rating cut reflects deepening concerns over CLF's operational and financial health. First-quarter EBIT came in at negative $538 million, significantly below consensus expectations of negative $385 million. Johnson described it as 'the worst showing ever (yes, you heard that right),' while first-quarter EBITDA, at negative $174 million, marked the weakest performance since the COVID-era second quarter of 2020. CLF has guided Q2 steel prices up $40 per ton quarter-over-quarter, yet analysts still project EBIT to remain in the red, with consensus estimates forecasting a loss of $227 million. 'The company is unable to turn a profit in a quarter when prices are rising,' the analyst stressed. Debt levels also raised red flags. Total debt surged to a record $7.6 billion, pushing leverage to roughly 40 times total assets. Johnson wrote that 'CLF's fate appears to be based on the preservation of protectionist measures from President Trump on steel imports as well as the reshoring of U.S. auto manufacturing,' adding that this creates 'large risks to the company, depending on 'what side of the bed' President Trump wakes up on regarding his tariff policy.' The analyst identified four key reasons to short the stock despite its 32% decline year-to-date and relatively high short interest of 13.9%. Applying an '(very) generous 8.5x EV/EBITDA multiple' to his 2029 estimate, Johnson arrived at the revised $3.91 price target. While the company is attempting to restructure operations and focus on the automotive sector, Johnson sees these efforts as insufficient in the current macro and industry backdrop. 'With the fundamentals around the U.S. steel industry in free-fall (and particularly so for CLF), as well as our view that consensus estimates remain too high, we now see CLF as a core short position in any Metals & Mining portfolio,' he concluded. Related articles Cleveland-Cliffs shares slide after GLJ Research double-downgrades stock to Sell This is what matters most for today's Nvidia earnings print: Mizuho Deutsche Bank cuts PDD Holdings rating following 45% earnings decline
Yahoo
17-04-2025
- Automotive
- Yahoo
Tesla (TSLA) Faces Steep Q2 Challenge as Analyst Warns of Major Shortfall
April 17 - GLJ Research analyst Gordon Johnson is doubling down on his bearish stance on Tesla (NASDAQ:TSLA), urging investors to take an aggressive short position through the second quarter of 2025, citing what he calls a historic mismatch between expectations and reality. Johnson forecasts Tesla will deliver around 342,700 vehicles in Q2, nearly 96,000 fewer than current Wall Street estimates. He claims it's the largest gap he's seen between analyst expectations and actual delivery potential, warning the stock could face sharp downside pressure when consensus numbers reset. Tesla is rated Sell by GLJ, with a sharply bearish price target of $24.86 , a fraction of its current trading level near $242. Johnson pointed to shrinking delivery volumes, mounting global EV competition, and waning customer loyalty as mounting concerns. He also flagged CEO Elon Musk's controversial political presence as a growing risk. In February, Stifel analyst Stephen Gengaro cited Musk's outspoken views and trimmed his price target on Tesla to $474 from $492, noting falling consumer favorability. This article first appeared on GuruFocus.
