Latest news with #JulienDumoulin-Smith
Business Insider
09-08-2025
- Business
- Business Insider
Vistra price target raised to $241 from $145 at Jefferies
Jefferies analyst Julien Dumoulin-Smith raised the firm's price target on Vistra (VST) to $241 from $145 and keeps a Buy rating on the shares. Following an upward move in commodity mark-to-market and PJM capacity prices, the firm increased its 2027 EBITDA estimate by $1.2B to $8.4B and tells investors that it continues to see value in shares 'despite a run-up' in the past three months. 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.
CNBC
26-06-2025
- Business
- CNBC
Wall Street thinks these comeback stocks can keep going as S&P 500 nears a new high
Analysts see a group of stocks that have helped drive the market higher in the past two months, potentially scoring even more gains from current levels. By now, the S & P 500 has recovered most of its losses since its low of the year back on April 8. Stocks plummeted in early April after President Donald Trump unveiled his universal tariff policy, but have bounced back as the United States delayed the tariffs and continued trade talks with major trading partners. The S & P 500 now trades less than 1% below its all-time closing high reached in February. To find stocks with momentum at their back that analysts think can keep on rallying, CNBC Pro screened FactSet data to try and find companies in the S & P 500 that might continue to win big. To be included in the search, stocks had to meet the following criteria: Risen at least 20% since the S & P 500 low for the year on April 8 Buy ratings from at least 60% of analysts who cover the stock Have upside to analysts' average price target of at least 20% One prominent name on the list: First Solar . The maker of solar modules and specialist in thin-film technology has climbed 26% since April 8. Analysts are still bullish on First Solar, with 71% of analysts who cover it giving it a buy rating. Analysts' consensus price target implies upside of 35%. Earlier this month, Jefferies upgraded First Solar to a buy rating from hold. "We see a temporary pullback around [the Biden Administration's Inflation Reduction Act] for utility-scale solar and see FSLR's increasingly U.S.-made product as benefiting uniquely from very strict Chinese-import restrictions," wrote analyst Julien Dumoulin-Smith. "These restrictions appear increasingly clear to 'stick' through the Senate debate, [blocking] much of FSLR's foreign competition as well as their nascent build-out in the U.S. Better pricing ahead." At current prices, First Solar's valuation looks especially compelling, Jefferies added. Similarly, analysts are bullish on airline stocks Delta Air Lines and United Airlines , which have gained 38% and 41%, respectively, since April 8. Approximately 76% of analysts covering Delta rate it a buy, and the average price target implies the stock has room to appreciate by 25% over the next year. Likewise, 77% of analysts are positive on United, which could rally 28% to reach its average price target. Last month, UBS upgraded both carriers to buy. "Recent tariff relief due to the 90-day agreement with China and framework with the UK support a shift in our base case from a downturn in the economy to stability/slow growth," wrote analyst Thomas Wadewitz. "A more stable economic backdrop and the recent rebound in the U.S. equity market give us increased confidence in the resilience of international and premium revenue which had been our primary cyclical concern for both DAL and UAL." MGM Resorts , up 33% since April 8, is another stock that could continue to win big, in the eyes of Wall Street even after the big move. The average price target corresponds to a gain of another 35%, and two thirds of analysts covering the gambling operator are bullish on its prospects. Earlier this month, shares of MGM surged 8% in a single day after BetMGM — a joint venture of MGM and Entain — updated its full-year guidance .
CNBC
11-06-2025
- Business
- CNBC
Jefferies upgrades First Solar as 'only game in town' due to looming import restrictions
First Solar is now the "only game in town" thanks to the likely passage of legislation by the Senate designed to disrupt the supply chains of the renewable energy industry, according to Jefferies. Jefferies upgraded First Solar to buy from hold, with a stock price target of $192, up from $157 previously, implying nearly 17% upside from Tuesday's close of $164.62 shares. The Senate appears likely to pass legislation that would quickly phase out Inflation Reduction Act tax credits for clean energy companies that receive "material assistance" from some foreign suppliers. The provision essentially targets imports of basic materials from China. This will trigger a temporary pullback for the utility-scale solar industry, according to Jefferies. First Solar, however, will benefit because its product is increasingly manufactured in the U.S. It could see strong average selling prices for solar modules as a consequence of the restrictions, according to Jefferies. "We believe IRA is going to shape-out net positive for FSLR ... or at least better than contemplated," analysts led by Julien Dumoulin-Smith told clients in a note published Wednesday. In a separate note, Jefferies downgraded Sunrun to underperform from hold and cut its 12-month price target to $5 from $6. "Budget reconciliation has residential solar on the chopping block, and while we expect some improvements on IRA post Senate, we see limited upside for resi, exposing RUN to both [near term] and [long term] headwinds," the investment bank wrote.
Yahoo
28-05-2025
- Business
- Yahoo
CenterPoint Energy's EPS Forecast Prompts Jefferies To Lift Price Target
Julien Dumoulin-Smith, a Jefferies analyst, reiterated his Buy rating on CenterPoint Energy, Inc. (NYSE:CNP) on May 27 while raising his price target from $42 to $43. The analyst's optimism around CNP is predicated on the expectation of more capital expenditure, which is thought to have the potential to surpass the present upside scenario of $2 billion by an additional $3 billion. With an anticipated 8.4% compound annual growth rate in earnings per share over the coming five years, until 2029, CenterPoint Energy's future appears promising. The company's strong cash flow, which might gain from either the extension or the resale of mobile generation assets in 2030, as well as the possible sale of additional gas Local Distribution Company (LDC) assets, supports this forecast. Additionally, Dumoulin-Smith predicts that the company's funds from operations to debt (FFO/D) ratio will improve, rising to 14.4% from the 13.8% predicted for this year—a 60-basis-point increase. While we acknowledge the potential of CNP 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 CNP and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None.
NBC News
22-05-2025
- Business
- NBC News
Solar stocks plunge as Republican tax bill worse than feared for clean energy
Solar stocks plunged Thursday after House Republicans passed a tax bill that terminates key clean energy credits. Residential solar installer Sunrun plummeted more than 35%. The legislation ends tax credits for installers like Sunrun that lease equipment to customers. The GOP bill is a 'worse than feared' scenario for clean energy, as it takes a 'sledgehammer' to the Inflation Reduction Act, Jefferies analysts led by Julien Dumoulin-Smith told clients in a note. Some 70% of the rooftop solar industry now uses lease arrangements, making the bill disastrous for companies like Sunrun, Guggenheim analyst Joseph Osha told clients. Enphase and SolarEdge sank about 16% and 24%, respectively, as sales of their inverters would take a hit from lower demand for rooftop solar. The bill also ends the investment and electricity production credits for clean energy facilities that begin construction 60 days after the legislation is enacted or enter service after Dec. 31, 2028. Those credits have played a key role in the rapid expansion of utility-scale solar projects in the U.S. Solar stocks exposed to the utility sector tumbled, with Array falling more than 13% and Nextracker down more than 6%. Array and Nextracker make devices that allow solar panels to track the position of the sun. First Solar, however, fell just over 3% as the bill left the manufacturing tax credit relatively unscathed. First Solar is the biggest producer of solar panels in the U.S. with a large domestic manufacturing footprint. 'Manufacturing subsidies do not appear to have been touched — good news for FSLR,' Osha said. While the bill is bad for solar, Jefferies expects the Senate to make changes to the legislation.
