Latest news with #RBCCapital
Yahoo
7 hours ago
- Business
- Yahoo
Why Is Sunrun (RUN) Stock Rocketing Higher Today
What Happened? Shares of residential solar energy company Sunrun (NASDAQ:RUN) jumped 10.4% in the afternoon session after RBC Capital upgraded the stock to 'Outperform' from 'Sector Perform,' citing greater certainty around federal solar tax credits. RBC Capital raised its price target on the residential solar company to $16 from $12, attributing the move to increased certainty about long-term growth opportunities. The upgrade follows recently clarified U.S. Treasury guidance on the Investment Tax Credit (ITC), which the firm believes de-risks Sunrun's future. This is the latest in a series of bullish calls from Wall Street, with Wells Fargo, UBS, and JP Morgan also recently increasing their price targets. The positive sentiment is underpinned by Sunrun's strong second-quarter earnings report from early August, where the company shattered expectations by posting a surprise profit of $1.07 per share, decisively beating the consensus estimate for a loss. Is now the time to buy Sunrun? Access our full analysis report here, it's free. What Is The Market Telling Us Sunrun's shares are extremely volatile and have had 78 moves greater than 5% over the last year. But moves this big are rare even for Sunrun and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 4 days ago when the stock dropped 4.6% on the news that an unexpectedly sharp rise in wholesale inflation fueled concerns about rising costs and their impact on corporate profits. The primary catalyst was the July 2025 Producer Price Index (PPI), a measure of inflation at the wholesale level, which jumped 0.9% against forecasts of a 0.2% rise. This represents the most significant monthly increase in over three years, pointing to mounting cost pressures for manufacturers, with tariffs cited as a key factor. This data complicates the Federal Reserve's upcoming interest rate decisions, as persistent inflation may prevent rate cuts, creating a headwind for cyclical sectors like Industrials. Sunrun is up 47.6% since the beginning of the year, but at $15.07 per share, it is still trading 29.9% below its 52-week high of $21.50 from August 2024. Investors who bought $1,000 worth of Sunrun's shares 5 years ago would now be looking at an investment worth $325.39. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
Yahoo
9 hours ago
- Business
- Yahoo
ConocoPhillips (COP) Nearing Deal to Divest Oklahoma Assets to Stone Ridge Energy
ConocoPhillips (NYSE:COP) is one of the top stocks sold by hedge funds. On July 11, RBC Capital trimmed the price target on COP from $115 to $113, while reaffirming an Outperform rating on the shares. According to RBC, expected earnings and cash flow per share are slightly higher than the company's own assumptions of $1.30 and $4.5 billion. The firm noted that leverage in Q2 2025 is likely to climb, reflecting working capital pressures, higher capital expenditure, and missing APLNG distributions. An aerial view of a power plant, symbolizing the company's investments in energy infrastructure sector. The firm observes that ConocoPhillips is on the verge of a free cash flow transition, driven by a significant reduction in major capital outlays expected in Q3 2025. Core investor debates now revolve around shareholder payout metrics, planned divestments, the capex-to-cash flow inflection, and the rate of drilling activity in the onshore Lower 48 region. ConocoPhillips (NYSE:COP) is an energy company that explores, produces, and sells oil, gas, and LNG. It operates in different regions like the United States, Canada, Europe, and Asia, and has both traditional and renewable oil and gas projects. While we acknowledge the potential of COP 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. 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
10 hours ago
- Business
- Yahoo
Why Sunrun (RUN) Stock Is Jumping Today
Aug 18 - Sunrun (NASDAQ:RUN) rallied 10% on Monday after RBC Capital upgraded the stock to Outperform and raised its price target to $16 from $12, citing clearer Treasury guidance on Investment Tax Credit (ITC) commence-construction rules. The upgrade helped spark sector momentum and pushed buyers back into RUN, which has already logged strong year-to-date gains. Warning! GuruFocus has detected 10 Warning Signs with RUN. RBC's analyst Christopher Dendrinos argued the guidance de-risks Sunrun's long-term growth assumptions and supports a multiple re-rating. The upgrade followed Sunrun's Aug. 5 quarterly report, which beat consensus: revenue totaled $569.3 million versus $559 million expected, and the company highlighted stronger contracted value and improving unit economics. Other firms followed suit, Mizuho kept an Outperform view and lifted its target, UBS raised its target to $16, and Wells Fargo raised its target to $14, amplifying the buying interest. Analysts warn Sunrun still runs meaningful leverage and faces cash-burn risk, so upgrades come with caveats about financing costs and execution. For now, clearer tax-credit rules and upgraded analyst assumptions explain the latest spike; investors should track financing spreads, deployment cadence and any further regulatory clarifications to judge sustainability. This article first appeared on GuruFocus.
Business Recorder
18 hours ago
- Business
- Business Recorder
Oil prices climb after US adviser says India's Russian crude buying has to stop
SINGAPORE: Oil prices rose on Monday after White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop. Brent crude futures rose 30 cents, or 0.46%, to $66.15 a barrel by 0629 GMT while US West Texas Intermediate crude was at $63.19 a barrel, up 39 cents, or 0.62%. Navarro said in an opinion piece published in the Financial Times that if India wants to be treated as a strategic partner of the United States, it needs to start acting like one. 'India acts as a global clearinghouse for Russian oil, converting embargoed crude into high-value exports while giving Moscow the dollars it needs,' Navarro said. The market's swift rebound after Navarro's comments highlights how fragile sentiment is. Any sign of Washington tightening its stance on India's Russian oil purchases reintroduces a risk premium, said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova. 'The US adviser's sharp words on India's Russian crude imports, paired with postponed trade talks, revive concerns that energy flows remain hostage to trade and diplomatic frictions, even as peace prospects in Ukraine brighten,' Priyanka added. Oil prices fell during early Asia trading after US President Donald Trump met Russian President Vladimir Putin in Alaska on Friday and emerged more aligned with Moscow on seeking a peace deal instead of a ceasefire first. Trump will meet Ukrainian President Volodymyr Zelenskiy and European leaders on Monday as the US president presses Ukraine to accept a quick peace deal to end Europe's deadliest war in 80 years. 'The status quo remains largely intact for now,' RBC Capital analyst Helima Croft said in a note, adding that Moscow would not walk back territorial demands while Ukraine and some European leaders would balk at the land-for-peace deal. On Friday, Trump said he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to 'in two or three weeks', cooling concerns about a disruption in Russian supply. China, the world's biggest oil importer, is the largest buyer of Russian oil, followed by India. Investors are also watching for clues from Federal Reserve Chairman Jerome Powell's comments at this week's Jackson Hole meeting regarding the path of interest rate cuts that could boost stocks to further records. 'It's likely he will remain noncommittal and data-dependent, especially with one more payroll and Consumer Price Index (CPI) report before the September 17 FOMC meeting,' IG market analyst Tony Sycamore said in a note.
Shafaq News
19 hours ago
- Business
- Shafaq News
Trump-Putin meeting eases concerns, stabilizing oil prices amid Ukraine war
Shafaq News - Singapore Oil prices were largely unchanged on Monday after a drop in early trade, as the United States exerted no further pressure on Russia to end the Ukraine war through measures to disrupt its oil exports following a meeting of the leaders of both nations. Brent crude futures dropped 6 cents, or 0.09%, to $65.79 a barrel by 0342 GMT while U.S. West Texas Intermediate crude was at $62.82 a barrel, up 2 cents, or 0.03%. U.S. President Donald Trump met Russian President Vladimir Putin in Alaska on Friday and emerged more aligned with Moscow on seeking a peace deal instead of a ceasefire first. Trump will meet Ukrainian President Volodymyr Zelenskiy and European leaders on Monday to strike a quick peace deal to end Europe's deadliest war in 80 years. On Friday, Trump said he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to "in two or three weeks", cooling concerns about a disruption in Russian supply. "A non-outcome was largely priced in, the market remains in wait-and-see, more in a bearish context, if more Russian barrels can arrive into the global crude supply pool should hostilities end in Ukraine," said independent energy analyst Gaurav Sharma. China, the world's biggest oil importer, is the largest buyer of Russian oil, followed by India. "What was primarily in play were the secondary tariffs targeting the key importers of Russian energy, and President Trump has indeed indicated that he will pause pursuing incremental action on this front, at least for China," RBC Capital analyst Helima Croft said in a note. "The status quo remains largely intact for now," Croft said, adding that Moscow would not walk back territorial demands while Ukraine and some European leaders would balk at the land-for-peace deal. Investors are also watching for clues from Federal Reserve Chairman Jerome Powell's comments at this week's Jackson Hole meeting regarding the path of interest rate cuts that could boost stocks to further records. "It's likely he will remain noncommittal and data-dependent, especially with one more payroll and Consumer Price Index (CPI) report before the September 17 FOMC meeting," IG market analyst Tony Sycamore said in a note.
