Latest news with #Gianarikas
Business Insider
09-08-2025
- Business
- Business Insider
Canaccord Genuity Reaffirms Their Buy Rating on NuScale Power (SMR)
Canaccord Genuity analyst George Gianarikas maintained a Buy rating on NuScale Power today and set a price target of $44.00. The company's shares closed today at $39.35. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Gianarikas is a 4-star analyst with an average return of 9.6% and a 41.67% success rate. Gianarikas covers the Industrials sector, focusing on stocks such as NuScale Power, Surf Air Mobility, Inc., and Enovix. In addition to Canaccord Genuity, NuScale Power also received a Buy from Craig-Hallum's Eric Stine in a report issued yesterday. However, today, Northland Securities maintained a Hold rating on NuScale Power (NYSE: SMR). SMR market cap is currently $13.06B and has a P/E ratio of -32.68. Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMR in relation to earlier this year. Most recently, in June 2025, Hamady Robert Ramsey, the CFO of SMR sold 69,984.00 shares for a total of $2,246,486.40.
Yahoo
24-07-2025
- Automotive
- Yahoo
Auto Revenue Keeps Plunging at Tesla. Should You Buy the TSLA Stock Dip or Run Far Away?
Tesla (TSLA) shares are down nearly 9% on Thursday after the EV manufacturer reported its second straight quarter of revenue decline. The automaker continued to lose share to lower-priced electric vehicles from rivals, resulting in a more-than-expected 16% decline in automotive revenue to $16.7 billion in Q2. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Billionaire Peter Thiel is Betting Big on Stablecoins. Should You Buy the "MicroStrategy of Ethereum," Too? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Including today's plunge, Tesla stock is down some 17% versus its high in the final week of May. Tesla Stock Sinks on Downbeat Commentary TSLA shares are slipping this morning mostly because the company's billionaire chief executive, Elon Musk, signaled more turbulence ahead on the earnings call, saying 'we probably could have a few rough quarters.' Additionally, President Donald Trump's administration's recently passed tax-and-spending bill, which essentially suspends federal subsidies for EV buyers, will also hurt Tesla's business moving forward, according to chief financial officer Vaibhav Taneja. In the earnings release, the finance chief also confirmed that Tesla is adjusting its supply chain to address tariff risks, which prevents the automaker from 'guaranteeing delivery orders placed in the later part of August and beyond.' That said, the EV stock is still up more than 40% versus its year-to-date low in early April. Have TSLA Shares Hit the Bottom Yet? Despite disappointing sales and disconcerting commentary, loading up on Tesla shares on the post-earnings dip may not be the worst of ideas, argued George Gianarikas, a senior Canaccord Genuity analyst in his research note today. On Thursday, Gianarikas reiterated his 'Buy' rating on the EV stock and raised his price target to $333, indicating over 10% upside from here, as 'we may have seen the bottom in growth trends with positive acceleration on the way.' According to him, the company's Q3 will benefit from U.S. consumers rushing in to buy an electric vehicle before the tax credits expire in September, and then in Q4 'they have promised new EVs, which should help the comps.' Wall Street Doesn't Agree With Gianarikas on Tesla According to other Wall Street analysts, however, Tesla stock is a 'wait-and-see' story at best. The consensus rating on TSLA shares currently sits at 'Hold' only with the mean target of about $298 still indicating potential downside from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Business Insider
03-07-2025
- Automotive
- Business Insider
Canaccord Genuity Reaffirms Their Buy Rating on Rivian Automotive (RIVN)
Canaccord Genuity analyst George Gianarikas reiterated a Buy rating on Rivian Automotive today and set a price target of $23.00. The company's shares closed today at $12.87. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Gianarikas is a 2-star analyst with an average return of 0.2% and a 42.05% success rate. Gianarikas covers the Industrials sector, focusing on stocks such as Surf Air Mobility, Inc., NuScale Power, and Arq Inc. Rivian Automotive has an analyst consensus of Hold, with a price target consensus of $14.64, which is a 13.75% upside from current levels. In a report released on June 16, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $15.00 price target. The company has a one-year high of $18.86 and a one-year low of $9.50. Currently, Rivian Automotive has an average volume of 30.57M.
Business Insider
01-07-2025
- Automotive
- Business Insider
All Eyes on Tesla Stock Ahead of Q2 Deliveries Report; Here's What Wall Street Expects
Tesla (TSLA) is set to announce its Q2 delivery haul shortly, and by all accounts, another disappointing showing is on the way. Those hoping that sales might have improved now that Elon Musk has stepped away from his government duties to refocus on Tesla are likely to be let down. Even Tesla's strongest supporters are bracing for bad news. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Canaccord analyst and TSLA bull George Gianarikas, who maintained a positive stance amidst Q1's dire showing, now concedes that the picture looks pretty grim. 'We had taken a view that the impact of Mr. Musk's political associations could not be properly discerned in 1Q25 based on a mid-quarter Model Y production ramp,' says the analyst. 'Well, we think it's now fair to say there's been an impact. 2Q deliveries are tracking poorly in many geographies, including Europe where hard mid-quarter data is more readily available.' As such, Gianarikas has now lowered his 2Q25 delivery forecast from ~432,500 to ~360,000. With that buzz killer out of the way, however, Gianarikas dons his bull hat again to applaud the fact the robotaxi launch has gone ahead as Elon promised. 'It was a success,' thinks Gianarikas, 'regardless of the safety driver, limited access, and a geofenced ODD (operational design domain).' In contrast to lidar-equipped vehicles, Tesla has deployed a driverless car that relies solely on cameras and neural networks. The true challenge now lies in scaling this technology nationwide and eventually worldwide. Gianarikas remains cautious about whether Tesla's autonomous vehicle approach can handle all weather conditions reliably and prove to be the safest option. However, the analyst thinks Tesla's method could turn out to be the most cost-effective when produced at scale. With just a software update, Tesla could enable around 2.8 million vehicles in the U.S., offering a significantly cheaper service that could reshape competition for companies like Uber and Lyft. For now, the analyst estimates Tesla's cost per mile for its Robotaxi service – assuming a 50% gross margin – is about $1.09 per mile, which could decrease to roughly $0.97 once the CyberCab is introduced. This is considerably more affordable than Uber and Lyft, which Gianarikas reckons operate at over $3.00 per mile. Plus, there's a bonus in the fact 'robodrivers don't need (tax-free) tips.' For Gianarikas, Tesla is essentially a bet on 'scaled unsupervised FSD (full self-driving)' technology, energy storage, and robotics, one that rests on the company becoming a 'vertically integrated leader in all three.' However, for now, and likely for the foreseeable future, their profit and loss are still driven primarily by EVs. 'We need to see growth in the core business to drive material positive earnings revisions,' Gianarikas summed up. 'We are keeping our price target at $303 for now as we await a full earnings report and assessment of the fundamentals.' That target suggests TSLA stock is still about 6% overvalued, but he's sticking with his Buy rating for now. (To watch Gianarikas' track record, click here) 13 other analysts consider TSLA shares a Buy too, yet with an additional 12 Holds and 9 Sells, the analyst consensus rates the stock a Hold (i.e. Neutral). The average price target stands at $291.31, implying the shares will shed 8% of their value over the coming months. (See TSLA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
27-06-2025
- Business
- Yahoo
Stock market today: S&P 500, Nasdaq head for records as trade talks, Fed rate cut bets boost spirits
US stocks rose on Friday, on track for fresh record highs as optimism over trade talks and bets on Fed rate cuts boosted spirits. The S&P 500 (^GSPC) added 0.6% and was on pace to close at its first record high since February. The benchmark index touched a new record intraday high just after the open. The Nasdaq Composite (^IXIC) also moved up around 0.6%, touching a record intra-session high and pacing for its own record close. Meanwhile, the Dow Jones Industrial Average (^DJI) added 0.9%, or over 300 points. Stocks rose as markets embraced upbeat news after days of Mideast tensions and swirling tariff uncertainty. The S&P 500 closed on Thursday just a few points shy of setting a new all-time high, buoyed by rising expectations that the Fed will lower interest rates as early as July. The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in May as inflation remained above the Fed's 2% target. Fed Chair Jerome Powell has stressed that an uptick in price pressures could be a stumbling block to a rate cut. Markets got a boost on the trade front on Friday after President Trump said that the US and China have "signed" a trade deal. The two sides have cemented the tariff truce sealed last month in Geneva, and China has confirmed details of the agreed trade framework, per several media reports. Under the pact, China has committed to delivering rare earth minerals to the US, Commerce Secretary Howard Lutnick told Bloomberg. Once that is underway, 'we'll take down our countermeasures,' he said. Trade deals with 10 major US trading partners are imminent, according to Lutnick. Others on Trump's team have said that countries negotiating with the US will get an extension to the tariff pause, set to expire July 9. Treasury Secretary Scott Bessent on Friday said the US could complete the balance of its most important trade talks by Labor Day. Yahoo Finance's Ben Werchskul reports: Read more here. Uber (UBER) and Lyft (LYFT) stocks both fell more than 2% on Friday after Canaccord Genuity analyst George Gianarikas downgraded the ride-hail platforms to Hold from Buy the prior day. Gianarikas said it would take only 411,000 robotaxis to replace all Uber and Lyft drivers in the US. 'Now, we are not sure it all happens that quickly, but there is very much a non-zero probability that it does.' While the platforms have been integrating robotaxis into their offerings — for example, Uber has partnered with Waymo, and Lyft with Mobileye and others — Gianarikas said that 'hybrid' approach may not help them in a future robotaxi-dominated market. "The challenge for UberLyft is how long a hybrid network will stay relevant, and then what value they can add over the long-term in a new paradigm," he wrote. "The future could be bright: value added in the AV world through hybrid human-robot networks, strong on the ground operations, and other tactical elements," he added. "An alternative scenario is also plausible: a new world dominated by a few AV behemoths that control the value chain and leave UberLyft reflecting on the golden days of the past. It is truly unclear." Yahoo Finance's Francisco Velasquez reports: Read more here. Yahoo Finance's Jennifer Schonberger reports: Read more here. US stocks trod higher on Friday, on the cusp of fresh record highs as investors assessed a key inflation reading to test bets on interest-rate cuts and eyed progress toward a US-China trade deal. The S&P 500 (^GSPC) added 0.2% and was on pace to close at its first record high since February. The Nasdaq Composite (^IXIC) moved up more than nearly 0.3%, also pacing for a record close. Meanwhile the Dow Jones Industrial Average (^DJI) added 0.4%, or nearly 200 points. Yahoo Finance's Allie Canal writes: Read more here. The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in May as inflation remained above the Fed's 2% target. The release comes as investors have been closely watching data releases for signs of when, or if, the Federal Reserve will cut interest rates this year. The "core" Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 2.7% on an annual basis, above the 2.6% economists had expected and higher than the 2.6% seen in April. The April reading was revised higher to 2.6% from an originally reported 2.5% increase. Core prices rose 0.2% in May from the prior month, above the 0.1% economists had expected, which would have been in line with April's increase. On a yearly basis, overall PCE increased by 2.3%, above the 2.2% increase from the month prior. Read more here. Nvidia stock (NVDA) continued to add to gains in premarket trading Friday, building on a rally that saw shares of the AI chipmaker reach fresh record highs this week. Shares were up 0.5% an hour before the opening bell. Year to date, Nvidia stock is up more than 15%, marking a huge turnaround from earlier in the year when China's DeepSeek AI model and President Trump's trade wars weighed on shares. With a current market capitalization of $3.78 trillion, Nvidia is considered the most valuable company in the world, surpassing Microsoft's (MSFT) $3.69 trillion market cap. And Nvidia's breakout suggests a $4 trillion market cap may be within reach as the artificial intelligence boom continues full steam ahead. If the stock can keep powering higher, Nvidia would be the first company to reach that milestone. Read more here from Bloomberg. Shares of Hong Kong-listed Xiaomi ( popped 3.6% on Friday after the consumer electronics maker unveiled its new $35,000 SUV to compete with Tesla's (TSLA) Model Y vehicle in China. Xiaomi's YU7 drew substantial buzz, collecting 289,000 preorders in its first hour of availability. It's a direct challenge to Tesla, and its 253,500 yuan price tag undercuts Tesla's Model Y by 10,000 yuan. Tesla stock fell 0.4% in premarket trading. Tesla is also currently grappling with evaporating sales for its EVs in Europe and the firing of Omead Afshar, the head of sales and manufacturing in North America and Europe. Yahoo Finance's Hamza Shaban writes in today's Morning Brief: Read more here. Investors are finding glimmers of hope in Nike's (NKE) after-hours earnings report on Thursday. The sneaker giant expects its sales decline to narrow in the current quarter — a single-digit percentage drop, versus the 12% fall in the three months to May 31. While Nike expects a nearly $1 billion increase in costs from Trump's tariff hikes, the company laid out plans to lower its reliance on Chinese manufacturers for goods it sells in the US. China accounts for 16% of the shoes it imports into the US, per Reuters. Shares jumped almost 10% in premarket trading on Friday. Yahoo Finance's Brooke DiPalma reports: Read more here. Asian markets are bouncing back in a healthy fashion as the region swims through tariff shock and looks poised for a meteoric second half to 2025. Bloomberg reports: Read more here. Yahoo Finance's Ben Werchskul reports: Read more here. Uber (UBER) and Lyft (LYFT) stocks both fell more than 2% on Friday after Canaccord Genuity analyst George Gianarikas downgraded the ride-hail platforms to Hold from Buy the prior day. Gianarikas said it would take only 411,000 robotaxis to replace all Uber and Lyft drivers in the US. 'Now, we are not sure it all happens that quickly, but there is very much a non-zero probability that it does.' While the platforms have been integrating robotaxis into their offerings — for example, Uber has partnered with Waymo, and Lyft with Mobileye and others — Gianarikas said that 'hybrid' approach may not help them in a future robotaxi-dominated market. "The challenge for UberLyft is how long a hybrid network will stay relevant, and then what value they can add over the long-term in a new paradigm," he wrote. "The future could be bright: value added in the AV world through hybrid human-robot networks, strong on the ground operations, and other tactical elements," he added. "An alternative scenario is also plausible: a new world dominated by a few AV behemoths that control the value chain and leave UberLyft reflecting on the golden days of the past. It is truly unclear." Yahoo Finance's Francisco Velasquez reports: Read more here. Yahoo Finance's Jennifer Schonberger reports: Read more here. US stocks trod higher on Friday, on the cusp of fresh record highs as investors assessed a key inflation reading to test bets on interest-rate cuts and eyed progress toward a US-China trade deal. The S&P 500 (^GSPC) added 0.2% and was on pace to close at its first record high since February. The Nasdaq Composite (^IXIC) moved up more than nearly 0.3%, also pacing for a record close. Meanwhile the Dow Jones Industrial Average (^DJI) added 0.4%, or nearly 200 points. Yahoo Finance's Allie Canal writes: Read more here. The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in May as inflation remained above the Fed's 2% target. The release comes as investors have been closely watching data releases for signs of when, or if, the Federal Reserve will cut interest rates this year. The "core" Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 2.7% on an annual basis, above the 2.6% economists had expected and higher than the 2.6% seen in April. The April reading was revised higher to 2.6% from an originally reported 2.5% increase. Core prices rose 0.2% in May from the prior month, above the 0.1% economists had expected, which would have been in line with April's increase. On a yearly basis, overall PCE increased by 2.3%, above the 2.2% increase from the month prior. Read more here. Nvidia stock (NVDA) continued to add to gains in premarket trading Friday, building on a rally that saw shares of the AI chipmaker reach fresh record highs this week. Shares were up 0.5% an hour before the opening bell. Year to date, Nvidia stock is up more than 15%, marking a huge turnaround from earlier in the year when China's DeepSeek AI model and President Trump's trade wars weighed on shares. With a current market capitalization of $3.78 trillion, Nvidia is considered the most valuable company in the world, surpassing Microsoft's (MSFT) $3.69 trillion market cap. And Nvidia's breakout suggests a $4 trillion market cap may be within reach as the artificial intelligence boom continues full steam ahead. If the stock can keep powering higher, Nvidia would be the first company to reach that milestone. Read more here from Bloomberg. Shares of Hong Kong-listed Xiaomi ( popped 3.6% on Friday after the consumer electronics maker unveiled its new $35,000 SUV to compete with Tesla's (TSLA) Model Y vehicle in China. Xiaomi's YU7 drew substantial buzz, collecting 289,000 preorders in its first hour of availability. It's a direct challenge to Tesla, and its 253,500 yuan price tag undercuts Tesla's Model Y by 10,000 yuan. Tesla stock fell 0.4% in premarket trading. Tesla is also currently grappling with evaporating sales for its EVs in Europe and the firing of Omead Afshar, the head of sales and manufacturing in North America and Europe. Yahoo Finance's Hamza Shaban writes in today's Morning Brief: Read more here. Investors are finding glimmers of hope in Nike's (NKE) after-hours earnings report on Thursday. The sneaker giant expects its sales decline to narrow in the current quarter — a single-digit percentage drop, versus the 12% fall in the three months to May 31. While Nike expects a nearly $1 billion increase in costs from Trump's tariff hikes, the company laid out plans to lower its reliance on Chinese manufacturers for goods it sells in the US. China accounts for 16% of the shoes it imports into the US, per Reuters. Shares jumped almost 10% in premarket trading on Friday. Yahoo Finance's Brooke DiPalma reports: Read more here. Asian markets are bouncing back in a healthy fashion as the region swims through tariff shock and looks poised for a meteoric second half to 2025. Bloomberg reports: Read more here.
