Latest news with #SophieKarp
Yahoo
4 days ago
- Business
- Yahoo
KeyBanc Reaffirms Overweight on Constellation (CEG), Eyes Year-End Deal
Constellation Energy Corporation (NASDAQ:CEG) is one of the 10 AI Stocks Making Waves on Wall Street. On August 8, KeyBanc analyst Sophie Karp raised the price target on the stock to $359.00 (from $337.00) while maintaining an Overweight rating. The firm noted how Constellation reported its second-quarter results slightly ahead of consensus expectations, reiterating both its 2025 and long-term guidance. However, shares were down amid no deals announcement. 'Shares were slightly down (-0.4% vs. UTY +1.0%) as the Company did not announce a deal, but we expect one to be announced by yearend as the Company highlighted two, with one specifically in the late stages.' Keybanc is optimistic about upcoming deals considering how Constellation remains well-positioned to capitalize on the expanding data economy and its 'intrinsically appreciating generation fleet.' Recent PJM results and the company's long-term power purchase agreement with Meta supports this thesis. The company also talked about other near-term catalysts. 'Other NT catalysts include FERC resolution with resulting regulatory clarity and the closing of the Calpine deal. That said, we believe the scarcity value of CEG's assets will continue to put upward pressure on shares as more deals are announced and expect buybacks to provide support for the share price. Reiterate OW rating, raise PT to $359.' Constellation Energy Corporation (NASDAQ:CEG) is an energy provider specializing in clean, carbon-free energy solutions. While we acknowledge the potential of CEG 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: and Disclosure: None.
Yahoo
07-08-2025
- Business
- Yahoo
Constellation Energy stock: Catalysts that could power it higher
Constellation Energy (CEG) posted Q2 earnings that topped Wall Street estimates. The company has made headlines for its deals with Microsoft (MSFT) and Meta (META), but KeyBanc Capital Markets equity research analyst Sophie Karp shares what other catalysts the energy company has, beyond big deals, to keep the stock moving higher. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. You know, it has uh contracts with Microsoft and with Meta. Um, how much is it going to need to continue to sign those kinds of contracts to continue to fuel the gains in the stock? I think there's definitely expectation that they will continue to sign some of the contracts. Uh there's only so many plants I guess that are suitable for this type of contracting and I think constellations still has um still has a few of those that could potentially be signed. With that said, the company has other catalyst, you know, so they obviously doing a pretty large buyback program that should sustain the stock on any weakness. Um and they also in a process of finalizing the acquisition of Calpine, uh which is a large IPP with a diversified fleet and that should open the door for more deals with the data center or other large load customers. So I think the runway for growth and upside pressure like announcements is pretty long here. Do you foresee any regulatory hurdles with that uh Calpine approval? Um, no, we think that the current administration's been pretty friendly to deals such as this and there wasn't any indication that there would be any regulatory pressure on that deal. Related Videos Crypto stock boost, Toyota guidance cut, Zillow revenue beat DraftKings CEO on Q2, sports-betting tax, prediction markets Eli Lilly setback, Firefly Nasdaq debut, Duolingo skyrockets WBD earnings top estimates, but it's not a buy yet, analyst says 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
28-07-2025
- Business
- Yahoo
KeyBanc Lowers Consolidated Edison, Inc. (ED) Price Target
Consolidated Edison, Inc. (NYSE:ED is among the 13 Best Electrical Infrastructure Stocks to Invest In. Sophie Karp, an analyst at KeyBanc, maintained her Overweight rating but reduced the price target for Consolidated Edison, Inc. (NYSE:ED) from $90 to $88. Aerial view of transmission and distribution substations providing electricity to residential and commercial customers. The firm admitted that earlier in the year, when wider narratives about power demand were under pressure, the company's low-risk, 'wires-only' utility profile supported the stock. However, KeyBanc now expects a reversal of that trade, which might result in margin compression, as investor risk appetite has improved. KeyBanc believes that the ongoing CECONY rate cases, where bill pressure is a significant concern, will continue to put pressure on valuation, even though the stock is selling at a discount to its peers. The firm also stated that the company's future upside is expected to be constrained by a challenging political environment in New York and limited growth opportunities. Despite being essentially solid, these trends imply that Consolidated Edison, Inc. (NYSE:ED) may see ongoing challenges shortly. It is among the Best Electrical Equipment Stocks While we acknowledge the potential of ED 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: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. 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
20-06-2025
- Business
- Yahoo
Sunrun Inc. (RUN) Nosedived This Week. Here is Why.
The share price of Sunrun Inc. (NASDAQ:RUN) fell by 34.76% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week. A field of solar panels glistening in the afternoon sun, symbolizing the company's renewable energy ambitions. Sunrun Inc. (NASDAQ:RUN) is America's leading provider of clean energy as a subscription service, offering residential solar and energy storage with no upfront costs. Sunrun Inc. (NASDAQ:RUN) crashed to a 5-year low this week after Senate Republicans detailed revisions to the House's tax-and-spending bill that included fully phasing out wind- and solar-tax credits entirely by 2028, in contrast to the original expiry date of 2032, according to the current law. The proposed legislation also ends credits by around the end of this year for the already reeling residential solar industry, dealing a major blow to companies like Sunrun Inc. (NASDAQ:RUN) that lease rooftop solar systems as well as homeowners who buy them outright. As a result, KeyBanc analyst Sophie Karp downgraded Sunrun Inc. (NASDAQ:RUN) from 'Sector Weight' to 'Underweight', while also reducing its price target to $6 per share. While we acknowledge the potential of RUN 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: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
KeyBanc cuts solar names to Underweight on ‘overwhelming' overhang
KeyBanc analyst Sophie Karp downgraded Sunrun (RUN), Enphase Energy (ENPH) and SolarEdge (SEDG) to Underweight from Sector Weight after Senate Republicans last night released a bill that would end tax credits for wind and solar earlier than for other sources. The new version of the bill would end incentives for wind and solar in 2028, though tax breaks for other sources of power including nuclear, hydropower and geothermal would be allowed to remain until being phased out in 2036. KeyBanc cites the 'ongoing and overwhelming regulatory overhang' for the downgrades. The Senate bill 'fails to deliver optimism' and the solar provisions are 'particularly punishing for the sector,' the analyst tells investors in a research note. KeyBanc's price targets are $31 for Enphase, $6 for Sunrun, and $16 for SolarEdge. 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 Video: Verve, solar stocks among major pre-market movers Why Is Sunrun Stock (RUN) Down 35% Today? Sunrun downgraded to Underweight from Sector Weight at KeyBanc Sunrun downgraded to Sell with 1c price target at GLJ Research Sunrun downgraded to Sell from Hold at GLJ Research Sign in to access your portfolio
