Latest news with #PhilipShen
The Star
6 days ago
- Business
- The Star
US solar makers seek tariffs against India, Indonesia and Laos
VIENTIANE (Bloomberg): US solar manufacturers said they have filed new trade petitions against India, Indonesia and Laos alleging illegal practices by largely Chinese-owned companies operating in those countries. The new anti-dumping and countervailing duty petitions were filed by the Alliance for American Solar Manufacturing and Trade, which includes First Solar Inc., Mission Solar Energy and Qcells. The trade group alleges China is flooding the market with unfairly cheap goods made in factories located in the three Asian countries. First Solar shares rose 4% to close at $173.54. The latest trade case adds new uncertainty to a US solar industry hit by tariffs and moves by President Donald Trump to arrest the growth of renewables. It also comes after the US slapped new duties on equipment made in Malaysia, Thailand, Vietnam and Cambodia. The US has seen a massive shift in its solar supply chain after a years-long investigation into tariff circumvention led to higher duties on solar equipment from the recently tariffed former top suppliers in Southeast Asia. As shipments from those nations shrank, Indonesia and Laos filled the gap. The two countries accounted for 44% of US cell and module imports in May, up from 1.9% in the same month last year, according to data from BloombergNEF. India has also seen solar exports to the US rise since mid-2022. "We have long written about the 'wack-a-mole' game of Chinese manufacturers shifting capacity' to countries outside of the four Southeast Asia countries recently hit with tariffs, wrote Philip Shen, an analyst with Roth Capital Partners. The trade petition triggers a process in which the US Department of Commerce investigates whether imports are unfairly priced or subsidized by a foreign government, while the US ITC determines whether those imports have injured the domestic industry. If successful, the cases could result in new duties. -- ©2025 Bloomberg L.P.
Yahoo
12-07-2025
- Business
- Yahoo
Roth Capital Begins Coverage of MasTec (MTZ) Stock With Buy rating
MasTec, Inc. (NYSE:MTZ) is one of the Top 10 Transportation and Industrial Stocks to Buy Now. Roth Capital analyst Philip Shen began coverage of the company's stock with a 'Buy' rating and a price objective of $210, as reported by The Fly. As per the analyst, MasTec, Inc. (NYSE:MTZ) happens to be one of the best-positioned companies to support the acceleration of electrical infrastructure buildout. Roth/MKM placed the company as second only to Quanta Services in terms of the strategic positioning in the broader infrastructure space, and it highlighted MasTec, Inc. (NYSE:MTZ)'s industry-leading exposure to electric utility/renewables as a critical advantage. A workforce of engineers and construction workers in professional gear, showcasing the company's capabilities in developing energy infrastructure solutions. The company saw mid-single digit growth in revenue and adjusted EBITDA in Q1 2025, and EPS easily exceeded the guidance. MasTec, Inc. (NYSE:MTZ) witnessed ongoing backlog development to record consolidated levels, which include a more than doubling of backlog for the Pipeline Infrastructure segment since year-end. Apart from executing on growth during Q1 2025, MasTec, Inc. (NYSE:MTZ) generated another quarter of solid cash flow and closed the period with net debt leverage of 1.9x. The company saw strong 24% growth from the prior year in its backlog and 11% growth sequentially, thanks to the increases in all 4 segments. MasTec, Inc. (NYSE:MTZ) is an infrastructure construction company that is engaged in providing engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure. While we acknowledge the potential of MTZ 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: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
ROTH to Host 15th Annual London Conference on June 24-26, 2025
Event to feature one-on-one meetings between institutional investors and senior management from nearly 80 companies in Sustainability and Technology LONDON, June 16, 2025 (GLOBE NEWSWIRE) -- via IBN - Roth Capital Partners, LLC ("ROTH"), will host the 15th Annual Roth London Conference on June 24-26, 2025, at the Four Seasons Hotel London at Park Lane in London, UK. This event offers institutional investors an exclusive opportunity to engage directly with C-suite leaders and senior executives from approximately 80 companies with a strong focus on the Sustainability and Technology sectors. Designed to foster meaningful dialogue, the conference facilitates 1-on-1 and small group meetings in an intimate setting allowing investors to evaluate various businesses, assess market trends, and identify compelling investment opportunities. Throughout the event, ROTH's team of Senior Research Analysts will be on hand to offer expert insights and facilitate introductions. Participating analysts include: Sustainability: Justin Clare, CFA; Craig Irwin; Chip Moore, CFA; Philip Shen; Gerry Sweeney. Technology: Darren Aftahi; Richard Baldry, CFA; Suji DeSilva, CFA; Rohit Kulkarni; and Scott Searle, CFA. On June 25th, during the lunch session, Michael Darda, ROTH's Chief Economist and Macro Strategist, will lead a discussion on Markets and Economics, covering key topics such as the US business cycle, inflation, interest rates, and asset allocation strategies across equities and fixed income. This will be followed by the Keynote Presentation by Dan Shugar, CEO and Founder of Nextracker, Inc. (NXT), exploring the technological, policy, and cost dynamics driving PV adoption. The session will be moderated by Philip Shen. Later that day, Suji DeSilva, CFA, will moderate a fireside chat with Alan Baratz, CEO of D-Wave Quantum Inc. (QBTS). The discussion will focus on D-Wave's approach to quantum computing, its unique technology platform, and the growing market opportunities as AI compute accelerates industry demand. On June 26th, Suji DeSilva, CFA, will return to moderate a fireside chat with Waseem Shiraz, SVP of Strategic Initiatives & Chief of Staff at Quantinuum (PRIVATE). The conversation will cover Quantinuum's advancements in quantum computing, the competitive landscape, and the anticipated impact of quantum technologies on AI and enterprise applications. Following will be JC O'Hara, CAIA, CMT, ROTH's Chief Technical Strategist, presenting insights on portfolio allocation in a globally connected yet increasingly fragmented world. "We look forward to hosting the 15th edition of our flagship London conference," said Byron Roth, Executive Chairman of ROTH. "This event creates a unique environment for our corporate clients to engage directly with international financial professionals on a personal level." Sagar Sheth, CEO of ROTH, added, "Given the current macroeconomic headwinds and geopolitical tensions, this year's conference is especially timely. We're proud to present nearly 80 innovative spanning sustainability, technology, media, and the consumer sector, each addressing some of today's most critical global challenges." AGENDATUESDAY | June 24, 2025 - All Times are listed in British Summer Time (BST)4:00pm - 6:00pm - Pre-Conference Registration6:00pm - 10:00pm - ROTH Summer Social WEDNESDAY | June 25, 2025 8:00am - 9:00am - Registration and Morning Coffee9:00am - 12:00pm - 1-on-1 / Small Group Meetings12:00pm - 1:30pm - Lunch 12:15pm - 12:45pm - Market Overview with Michael Darda - ROTH Chief Economist and Macro Strategist 12:45pm – 1:25pm - Keynote Presentation with Dan Shugar - CEO and Founder of Nextracker, Inc. (NXT) 1:30pm - 5:15pm - 1-on-1 / Small Group Meetings4:30pm - 5:10pm - Fireside Chat with D-Wave Quantum Inc. (QBTS) by Suji DeSilva, CFA - ROTH Senior Research Analyst6:00pm - Cocktail Soiree THURSDAY | June 26, 2025 8:00am - 9:00am - Registration and Morning Coffee8:45am - 12:30pm - 1-on-1 / Small Group Meetings10:15am - 10:55am - Fireside Chat with Quantinuum (PRIVATE) by Suji DeSilva, CFA - ROTH Senior Research Analyst12:30pm - 1:25pm - Lunch12:45pm - 1:15pm - Presentation - Portfolio Allocation in a Connected yet Divided Global Landscape by JC O'Hara, CAIA, CMT - ROTH Chief Technical Strategist 1:30pm - 3:40pm - 1-on-1 / Small Group Meetings Participating Companies & Sectors This is not an offer or solicitation of the securities herein. ACM Research, Inc. (ACMR) - Technology & Media Allot Ltd. (ALLT) - Technology & Media Ameresco, Inc. (AMRC) - Sustainability American Superconductor Corporation (AMSC) - Sustainability Angel Studios (PRIVATE) - Technology & Media Applied Digital Corporation (APLD) - Technology & Media Arbe Robotics Ltd. (ARBE) - Technology & Media Arq, Inc. (ARQ) - Sustainability Array Technologies, Inc. (ARRY) - Sustainability Bitdeer Technologies Group (BTDR) - Technology & Media Blue Bird Corporation (BLBD) - Sustainability Bowman Consulting Group Ltd. (BWMN) - Engineering & Construction Byrna Technologies, Inc. (BYRN) - Consumer Cadiz, Inc. (CDZI) - Sustainability Canadian Solar (CSIQ) - Sustainability CECO Environmental Corp. (CECO) - Sustainability Ceragon Networks Ltd. (CRNT) - Technology & Media CEVA Inc. (CEVA) - Technology & Media ChargePoint Holdings, Inc. (CHPT) - Sustainability Cognyte Software Ltd. (CGNT) - Technology & Media CPI Card Group Inc. (PMTS) - Financial Technology Credo Technology Group Holding Ltd (CRDO) - Technology & Media CSG Systems International, Inc. (CSGS) - Technology & Media D-Wave Quantum Inc. (QBTS) - Technology & Media Drilling Tools International Corporation (DTI) - Energy (Oil & Gas) Electrovaya Inc. (ELVA) - Sustainability Energy Vault Holdings, Inc. (NRGV) - Sustainability EnerSys (ENS) - Sustainability Enphase Energy, Inc. (ENPH) - Sustainability EVgo Inc. (EVGO) - Sustainability EZCORP, Inc. (EZPW) - Technology & Media FingerMotion, Inc. (FNGR) - Technology & Media First Solar, Inc. (FSLR) - Sustainability FTC Solar, Inc. (FTCI) - Sustainability Group Limited (GAMB) - Technology & Media Genius Sports Limited (GENI) - Technology & Media GigaCloud Technology Inc. (GCT) - Consumer Green Plains, Inc. (GPRE) - Sustainability HealWell AI Inc. (TSX:AIDX) - Technology & Media Hudson Technologies, Inc. (HDSN) - Sustainability indie Semiconductor, Inc. (INDI) - Technology & Media Innventure, Inc. (INV) - Sustainability InterDigital, Inc. (IDCC) - Technology & Media IREN (IREN) - Technology & Media KITS Eye Care Ltd. (TSX:KITS) - Consumer Lakeland Industries, Inc. (LAKE) - Sustainability Magnachip Semiconductor Corp. (MX) - Technology & Media Marti Technologies, Inc. (MRT) - Technology & Media Nextracker Inc. (NXT) - Sustainability Niagen Bioscience, Inc. (NAGE) - Consumer Inc. (ODYS) - Technology & Media Opera Limited (OPRA) - Technology & Media Ormat Technologies, Inc. (ORA) - Sustainability Perpetua Resources Corp. (PPTA) - Metals & Mining Plug Power, Inc. (PLUG) - Sustainability Powell Industries, Inc. (POWL) - Sustainability Quantinuum (PRIVATE) - Technology & Media RedCloud Holdings (RCT) - Technology & Media Redwire Corporation (RDW) - Technology & Media Rezolve AI Limited (RZLV) - Technology & Media Rimini Street, Inc. (RMNI) - Technology & Media Riot Platforms, Inc. (RIOT) - Technology & Media Roth Quantitative Survey Group (QSG) - QSG Research Sandisk Corporation (SNDK) - Technology & Media Shimmick Corporation (SHIM) - Sustainability Shoals Technologies Group, Inc. (SHLS) - Sustainability Sivers Semiconductors AB (OM:SIVE) - Technology & Media SolarEdge Technologies, Inc. (SEDG) - Sustainability SoundThinking, Inc. (SSTI) - Technology & Media Sunrun Inc. (RUN) - Sustainability Tecogen Inc (TGEN) - Sustainability TeraWulf Inc. (WULF) - Technology & Media Terra Innovatum / GSR III Acq. Corp. (GSRT) - Sustainability The Elmet Group (PRIVATE) - Sustainability USA Rare Earth, Inc. (USAR) - Technology & Media W&T Offshore, Inc. (WTI) - Energy (Oil & Gas) Willdan Group, Inc. (WLDN) - Sustainability B2I DIGITAL, Inc. is a marketing sponsor of the 15th Annual Roth London Conference. Company Profiles by b2i Thank you to the event sponsors:Lowenstein Sandler LLPThe Blueshirt GroupB2I DIGITAL, NGO SustainabilityPV Tech ResearchFor more information and how to register, please visit: The conference is intended for qualified investors, companies, service providers, and members of the media/press related to ROTH. About ROTH:ROTH is a relationship-driven investment bank focused on serving growth companies and their investors. Our full-service platform provides capital raising, high impact equity research, macroeconomics, sales and trading, technical insights, derivatives strategies, M&A advisory, and corporate access. Headquartered in Newport Beach, California, ROTH is a privately held, employee-owned organization and maintains offices throughout the U.S. For more information on Roth, please visit Investor ContactROTHIsabel Mattson-PainManaging Director, Chief Marketing Officerimattson-pain@ | 949.720.7117 Media ContactIBNAustin, OfficeEditor@
Business Insider
14-06-2025
- Business
- Business Insider
Roth sees removing resi leasing denial for 48E as meaningful positive for Sunrun
Roth Capital analyst Philip Shen doesn't expect IRA text to come out today. If the Senate Finance committee releases somthingm, it may only be on the tax provisions, such as SALT. IRA provisions adjustments are now expected Mnday. A contact that the firm has spoken with share that the Committee has been working hard on getting the FEOC language update and more workable. PIS language will likely get converted to construction start, which would be a meaningful positive for First Solar (FSLR), Array Technologies (ARRY), Nextracker (NXT), Shoals Technologies (SHLS), and Sunrun (RUN), Roth notes. The firm also sees residential leasing denial for 48E will likely be removed, which would be a meaningful positive for Sunrun. 25D still appears to be low probability. This remains a meaningful negative for Enphase (ENPH) and a negative for SolarEdge (SEDG), says Roth. The firm sees current levels as food buying opportunities for much of its coverage universe, given potentially a meaningful shift back to the original House bill, which was considered 'much less worse than feared for the industry.' Confident Investing Starts Here:
The Star
26-05-2025
- Business
- The Star
Fate of US$20bil solar market in hands of Senate
WASHINGTON: The troubled US$20bil US residential solar market's future rests on whether Senate Republicans will challenge their brethren in the House of Representatives and change provisions of the massive tax and spending bill that executives and analysts alike say would devastate the industry. The bill passed by the House last week would strip away tax credits for companies that lease rooftop solar systems as well as homeowners who buy them outright. The industry is already reeling from tariffs on imported equipment, high interest rates and reduced state incentives in California, the nation's biggest residential solar market. One major rooftop solar company – Sunnova Energy International Inc – is laying the groundwork for a bankruptcy filing, and analyst Philip Shen at Roth Capital Partners warned the bill as written would effectively shut down the industry, starting next year. Now, solar executives' hopes rest on moderate Republican senators, some of whom have already said they don't favour gutting clean-energy incentives. But given the party's slim majority in the House, it's unclear how willing they will be to change the bill and risk alienating fiscal hardliners in the lower chamber. 'I think there are many senators that are also focused on the fact that you don't want to pull out the rug,' said Mary Powell, chief executive officer (CEO) of Sunrun Inc, the nation's biggest residential solar company. She called the House bill 'not workable for Americans' and warned it would 'slash consumers' access to affordable, reliable solutions.' The industry has been struggling despite subsidies from former President Joe Biden's Inflation Reduction Act. High interest rates have made it pricier for companies to raise capital and for customers to finance solar panels. California cut the amount of money solar homeowners receive for electricity they supply to the power grid, lengthening the amount of time needed to recoup the cost of their systems. In addition, the US International Trade Commission voted this week to move toward slapping tariffs on solar equipment from four South-East Asian countries that provide the bulk of imported cells and panels, with levies ranging from 34% to 3,521% depending on the country and manufacturer involved. The vote was the culmination of a trade probe, and the United States has already been collecting preliminary duties for months. US residential solar installations fell 20% last year, according to BloombergNEF data. If the federal tax credits go away, the market will see a further 18% drop over the next 10 years, said BNEF analyst Pol Lezcano. The release of the House bill last Thursday sent solar shares tumbling, with Sunrun losing more than one-third of its market value. Equipment sellers Enphase Energy Inc and SolarEdge Technologies Inc also fell. Solar executives blasted the bill for essentially repealing much of the Individual Retirement Account's (IRA), which President Donald Trump has called the 'green new scam'. Former Sunnova CEO John Berger, in an interview on Bloomberg Television, said ending the solar tax credits for homeowners would be 'patently unfair and un-American'. Israel-based SolarEdge recently opened manufacturing plants in Texas and Florida, lured by the IRA's incentives. 'Removing the credits prematurely removes the business certainty necessary to continue the US investments SolarEdge has made,' a company representative said in an emailed statement. The impact on installation companies – many of them smaller, mom-and-pop operations – could be severe if homeowners decide they can no longer afford going solar. Leon Keshishian, CEO of Civic Renewables, called the potential loss of tax credits 'a killer' that could force him to cut staff at his company, which installs residential systems in Virginia, Maryland, Pennsylvania, Ohio and Florida. 'It's going to be incredibly challenging,' he said. The loss of tax credits for solar leasing could be particularly damaging since leases account for about 70% of new solar installations, said Joseph Osha, a clean energy analyst for Guggenheim Securities. 'It's pretty dire,' he said. Solar industry leaders vowed an aggressive lobbying push in the Senate to change legislation that they say would result in economic upheaval and hundreds of thousands of job losses. 'We urge the Senate to reject the strident House approach and pass a reasonable energy policy for the American people,' Jason Grumet, CEO of the American Clean Power Association, said at the trade group's annual convention in Phoenix. — Bloomberg
