2022.01.26 10:39 Psyched_investor Alternative-Energy Stocks Fall as Analysts Cut Price Targets - Barron’s
Shares of Plug Power , Ballard Power, and Enphase took a hit as analysts at Truist cut their targets for the prices citing uncertainty over U.S. energy policy “and a broad rotation out of growth equities.”
Analyst Tristan Richardson said the performance of energy stocks in the past few months has been hurt by issues such as a holdup on a vote by California’s Public Utilities Commission on proposed changes to how customers with rooftop solar panels get paid when their systems produce more electricity than they use. The derailing of the Build Back Better legislation, which includes tax-credit extensions for the overall alternative-energy group, is an additional problem, he said.
Those issues, combined with the rise in bond yields that has come as the Federal Reserve begins to tighten monetary policy, “have dramatically shifted investor risk premiums for alt energy equities, and we are updating our valuation framework to reflect this shift,” he noted. Higher bonds yields reduce the current value of earnings that are expected to arrive in coming years—a particular problem for growth stocks that are valued based mainly on those future profits.
Richardson has a Buy rating on Enphase (ticker: ENPH), but slashed his target for the solar energy company’s stock price to $200 from $290. The stock fell more than 5% to $119.50 on the news Monday.
He lowered his target on the alternative-energy technology company Plug Power (PLUG) by nearly 40% to $27. Shares of the company dropped by 4% to $20.23. Richardson continues to rate Plug Power at Hold.
Ballard Power (BLDP) suffered the worst loss, falling 6.6% to $9.20, after Richardson lowered his price target to $13 from $18. He has a Hold rating on the stock of the fuel-cell company.
On the positive side, Richardson said, “any movement on the policy front would offer some offset to what we expect may be a muted demand quarter.” He predicted that the companies’ fourth-quarter results will include indications that supply-chain issues that have hit alternative-energy company are starting to ease, though “a hampered global supply chain” remains a problem.
Enphase is set to report its fourth-quarter earnings on March 1. Richardson expects the company to report $403 million in revenue while the consensus call on Wall Street is for $402 million, and management has told investors to expect $390 million to $410 million.
Ballard Power Systems’ earnings report comes out on March 10. Richardson expects revenue of $30 million vs. Street’s estimate of $29.5 million, which would be up from the $25.2 million reported in the last quarter. This will be driven by seasonality as well as higher revenue generated by heavy-duty machinery solutions, he noted.
Plug Power also reports earnings on March 10. Richardson lowered his estimate of fourth-quarter revenue to $149 million from $157 million, mainly due to lower deployments of fuel cells and fueling stations.
However, the analyst raised his 2022 and 2025 revenue expectations for Plug Power to $938 million from $922 million, and to $3.12. billion from $2.97 billion, respectively. This was mainly due to higher expectations for electrolyzer and stationary power sales—products that generate electricity.
Rival SunPower, which is set to report earnings on Feb. 16, provided updated guidance for the fourth quarter last week. The solar tech company also said it expects roughly $31 million in charges related to a cracking issue on some third-party equipment. Richardson, who lowered his price target to $20 from $35, has a Hold rating on the company.
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2022.01.26 10:39 Ok_Aardvark3637 Rotten shed restoration
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2022.01.26 10:39 bunchosavages I wanted to show off this map my sis-in-law (Emily Sweetman) did of the Hasenheide. She captured so much of its character - from the now absent camels to the FKK sunbathing guy (remember sun?) - I hope it brightens your day.
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2022.01.26 10:39 AltrossGamez Altross Gamez Channel Trailer! - Thanks for watching the video, and if you enjoy my content, then consider subscribing!
2022.01.26 10:39 UnformedStorm26 Bored and a bit lonely on campus so far (remake)
Last night, I made a post on this subreddit about how I’m looking to get to know more people, but I was too wordy and most likely drove people away. So here’s a better version of what my original post was trying to say:
Hello everyone. I’m making this post because I’m struggling a bit trying to find people to talk to and hang out with. I understand that the semester has just started, but I have been here since last Thursday because I’m a transfer student, and I have been quite bored and a bit lonely with no one to talk to. If you’d like to reach out to me, my insta and snap is unformedstorm26
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2022.01.26 10:39 Vezoy95 ich✝️iel
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2022.01.26 10:39 NeverBowDown247 I miss Verdansk
I haven't played Warzone much since Caldera came out, Caldera is atrocious and has way too many spots where people can hide in bushes and stuff. I really miss Verdansk and wish they would bring it back. Caldera ain't it...
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2022.01.26 10:39 Alpha_pad_385743438 Fairy title additional clear because because it didn't give me the clear screen after I cleared while maintenance had started earlier today. Even though I failed the first time we got this title for regular MD1, at least now I can say without lying that I got the fairy title twice haha.
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2022.01.26 10:39 Show99 Does Robyn leave?
Based on her comments about turning down other proposals to chose a polygamist lifestyle and about not wanting Kody full time in her home…
If Meri & Janelle peace out of their marriages, does Robyn stay with Kody?
It’s clear Kody and polygamy do not work, so adding additional wives will likely only get Robyn rotated out or the new ones eventually neglected.
I know it’s an unlikely scenario but holy plot twist! Kody abandons all wives but Robyn, only to be abandoned by her due.
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2022.01.26 10:39 BananaScoutGaming We added user flairs.
2022.01.26 10:39 GuardHan Are you excited about DBL43-05S ?
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2022.01.26 10:39 MusicLabBeats [Afro Trap] Type Beat - "Malimba" #2022
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2022.01.26 10:38 sentientmassofenergy I (28M) medically transitioned and lived as a transwoman for almost 4 years, AMA
Feel free to ask any questions you may have.
I share my journey only to help others.
I know how difficult it was for me to find alternative perspectives at the beginning of my transition, and I know it would have really helped me figure things out.
My story TL;DR
I was on hrt for over 3 years. I had a successful transition, I passed well, found a lot of happiness, had a supportive job, wife, and family.
Then I began to think about having a family, and the thought of being on synthetic hormones for the rest of my life (50+ years) made me begin to worry about my health. I didn't want to risk my health for the sake of living out my gender. This made me very sad and distraught. I thought that I would be unhappy if I detransitioned.
But I decided I would do everything I could to find peace and happiness despite my situation, because being unhappy for the rest of my life was not going to be an option.
I realized, based upon other detransitioners experiences, that this is entirely possible. I worked through my dysphoria with a healthy lifestyle, mindfulness, and self discipline.
Through this process I realized transition had actually taken more from my life than it had given me. It had taken my ability to have children, have normal social relationships, caused me constant worry about my body, friction with my family, etc. Now I am far healthier, happier, and more confident than I was when I was trying to be a woman.
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2022.01.26 10:38 nautical__commerce Nautical Commerce - Multi-vendor marketplace platform
Nautical Commerce is a multi-vendor platform helping retailers, brands, and B2B businesses launch and scale online marketplaces. With Nautical, you can quickly build a marketplace loved by both buyers and sellers without the cost of custom software.
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2022.01.26 10:38 TrendyHQ-Busytry Set up our new Online Store
Hi Community, We set up our new Online Store https://buystry.com/ let me know what you think? I am also looking for my first sale. Any advice? Thanks!
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2022.01.26 10:38 Least-Conclusion2057 Future of mining
I’m thinking of getting into mining but I always hear about to “end of mining” once Eth switches over. Should I not get into mining if it’s not going to be worth is soon?
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2022.01.26 10:38 MissedByFiveDays Are there any Roguelike games on KaiOS Store?
2022.01.26 10:38 smith_same Chglkhddohodhhdyghdhod
2022.01.26 10:38 spoonwije97 He's amazing. Say it with me
2022.01.26 10:38 mhusman Voice of Charlie Brown Dies by Suicide at 65
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2022.01.26 10:38 Which-Role6078 WONO token is a part of their future ecosystem, Marketplace for Freelancers and Employers.
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Give this token a try for higher returns.
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2022.01.26 10:38 creedroyce Megumin in a Chomusuke hoodie
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2022.01.26 10:38 Albertjweasel Garstang Theatre Group present Quiz Time
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2022.01.26 10:38 hanxian4 Are there any casual games
2022.01.26 10:38 mehdi1111 Which country offers cheapest FIFA points