Latest news with #RothCapital
Business Insider
21 hours ago
- Business
- Business Insider
Hut 8 initiated with a Buy at Roth Capital
Roth Capital initiated coverage of Hut 8 (HUT) with a Buy rating and $25 price target 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 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
CNBC
a day ago
- Business
- CNBC
'Closing Bell Overtime' panel weighs in on Elon Musk and Pres. Trump's social media face off
Craig Irwin, Roth Capital, Tim Higgins, Wall Street Journal, and Brenda Vingiello, Sand Hill Global Advisors, join 'Closing Bell Overtime' to talk the impact of Elon Musk and Donald Trump's falling out and ensuing social media face off.
Yahoo
6 days ago
- Business
- Yahoo
Ambarella price target raised to $75 from $70 at Northland
Northland analyst Gus Richard raised the firm's price target on Ambarella (AMBA) to $75 from $70 and keeps an Outperform rating on the shares. Ambarella reported 'a strong quarter,' guided to Q2 results 'well above consensus,' and expects FY26 revenue to grow 19%-25%, up from prior expectations of mid to high-teens, the analyst tells investors. 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 AMBA: Disclaimer & DisclosureReport an Issue Ambarella price target lowered to $65 from $85 at Roth Capital Ambarella's Promising Edge AI Expansion Drives Buy Rating Ambarella price target raised to $63 from $50 at BofA Ambarella's Promising Outlook: Strategic Expansion and Diversified Revenue Streams Drive Buy Rating Ambarella's Strong AI Prospects Offset by Competitive and Operational Challenges: Hold Rating Maintained 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
Yahoo
7 days ago
- Business
- Yahoo
Roth Capital Lifted its Price Target for Contango Ore, Inc. (CTGO)
Roth Capital has reiterated its Buy rating on Contango Ore, Inc. (NYSE:CTGO) and increased its price objective from $22 to $26. Aerial view of a gold mine in the mountains, trees reflecting the light from the sun. According to the firm, Contango Ore, Inc. (NYSE:CTGO)'s key aim for 2025 is to manage hedging contracts and reduce debt through the strategic use of operating cash flow. It also highlighted the company's enhanced gold output in Q1 from the Manh Choh project. Roth also mentioned the firm's willingness to keep the Johnson Tract's development schedule intact and finance exploration drilling at its Lucky Shot project. Favorable exploration results and a lower cutoff grade at Manh Choh could enable a possible pit enlargement that would boost long-term cash flow and mine life. Contango Ore, Inc. (NYSE:CTGO) sold more than 17,000 ounces of gold and generated operating profits of $19 million, which included $22.3 million from the Peak Gold JV. By the end of the quarter, its debt facility balance had dropped to $30 million, and it had $35 million in cash and $4 million in marketable securities. While we acknowledge the potential of CTGO 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 CTGO and that has 100x upside potential, check out our report about this READ NEXT: and . Disclosure. None. 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
Yahoo
24-05-2025
- Business
- Yahoo
Fate of $20 Billion US Home Solar Market Lies in GOP Senate Hands
(Bloomberg) -- The troubled, $20 billion 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. NY Private School Pleads for Donors to Stay Open After Declaring Bankruptcy UAE's AI University Aims to Become Stanford of the Gulf Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? NYC's War on Trash Gets a Glam Squad Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt The bill passed by the House this 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 favor 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 pull out the rug,' said Mary Powell, chief executive officer 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 more expensive 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 Southeast 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 US 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 ten years, said BNEF analyst Pol Lezcano. The release of the House bill on 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 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. How Coach Handbags Became a Gen Z Status Symbol Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center AI Is Helping Executives Tackle the Dreaded Post-Vacation Inbox Microsoft's CEO on How AI Will Remake Every Company, Including His ©2025 Bloomberg L.P.
