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☆ Goldman sees 50% upside from here for Sunrun following results
▼ + stars: | 2024-05-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Goldman Sachs says Sunrun shares are poised for a big increase after being on a downward trend all year. "RUN continues to expect a 1Q24 trough with an inflection in 2H24," Goldman Sachs analyst Brian Lee wrote in a note on Thursday. Goldman reiterated its buy rating on the shares and $18 price target, implying more than 50% upside from Wednesday's closing price. Sunrun shares are down about 42% for the year. RUN YTD mountain Sunrun shares are down 41% in 2024 — CNBC's Michael Bloom contributed reporting.

Persons: Goldman Sachs, Brian Lee, Goldman, —, Michael Bloom

☆ This solar stock is poised for 50% upside as demand strengthens on data center surge, Goldman says
▼ + stars: | 2024-05-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

First Solar is poised for growth as demand continues to improve with surging electricity consumption from data centers acting as a catalyst for the manufacturer, according to Goldman Sachs. The firm raised its stock price target to $268 after First Solar reported another stronger quarter, which suggests the shares could log 50% upside from Wednesday's close of $177.58. First Solar CEO Mark Widmar told analysts during the company's earnings call that he is seeing a "meaningful increase in demand expectations driven in part by data center load growth." Apple , Google, Meta , and Microsoft are committed to carbon-free energy as they hyperscale data centers, Widmar said. "We'll be ready to go as quickly as possible," Widmar told analysts.

Persons: Goldman Sachs, Brian Lee, Morgan, Mark Strouse, Strouse, Wall, Mark Widmar, Widmar, Alexander Bradley Organizations: First, Google, Microsoft

A railroad stock and a fast food giant were in focus Wednesday among early analyst calls. Barclays raised its rating on Norfolk Southern to a buy-equivalent rating, and his new price target calls for about 20% upside. The firm downgraded the retailer to reduce from hold and maintained a $323 per share price target. — Brian Evans 5:44 a.m.: Barclays upgrades Norfolk Southern Norfolk Southern could see a shake-up to its leadership, and Barclays thinks these changes could lead to strong gains for the stock. He also hiked his price price target to $305 from $255.

Persons: SolarEdge's, Morgan Stanley, Andrew Percoco, Goldman Sachs, Brian Lee, SEDG, Vikram Bagri said.Bagri, — Brian Evans, Piper Sandler, Piper Sandler's, Rob D, Owens, Brian Evans, Daniela Bretthauer, John Ivankoe, Brandon Oglenski, Ancora, It's, Alan Shaw, Oglenski, Fred Imbert Organizations: CNBC, Barclays, Norfolk, JPMorgan, Palo Alto Networks, billings, Palo Alto, HSBC downgrades Home, Depot, HSBC, Home Depot, JPMorgan downgrades, Norfolk Southern, NSC Locations: Wendy's, Norfolk Southern Norfolk Southern, Norfolk Southern, Norfolk

☆ SolarEdge might not recover until 2025 as residential solar market struggles to bounce back
▼ + stars: | 2024-02-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

SolarEdge might not recover until early 2025 as the company remains saddled with inventory in Europe and faces weak demand in the U.S., signs that the residential solar market in particular is struggling to bounce back in the face of high interest rates. Citi said SolarEdge remains a high-risk stock with the investment bank slashing its price target by $6 to $83. Cho rates SolarEdge as underweight with a price target of $50, implying 40% downside from Tuesday's close. SolarEdge CEO Lando did provide some brighter news Tuesday, forecasting that the European residential solar sector will bottom in the current quarter and improve thereafter. Investors might receive further insight on where the solar market goes from here when residential installers Sunrun and Sunnova report earnings after the bell Wednesday.

Persons: Zvi Lando, Goldman Sachs, Brian Lee, SolarEdge, Vikram Bagri, Bagri, Ronen Faier, Christine Cho, Cho, Enphase, Badri Kothandaraman, Kothandaraman, Lando, — CNBC's Michael Bloom Organizations: Citi, Barclays, CNBC, Investors Locations: Europe, U.S

☆ Goldman says this solar tech stock can surge nearly 50%
▼ + stars: | 2024-01-16 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The investment bank initiated coverage of the solar technology company with a buy rating, simultaneously setting a 12-month price target of $62. Nextracker is the world's largest supplier of solar trackers, devices that optimize solar panels by tracking the sun's path. The company's shares have fallen nearly 10% in 2024 after Nextracker completed its spinoff from Flex on Jan. 2. "We note that the value of the credits [for solar trackers] are actually among the most lucrative across all solar components," wrote Goldman Sachs analyst Brian Lee. "The [total addressable market] for solar trackers globally amounts to approximately close to 5X the size of the U.S. market, with a penetration of ~20%-30% (vs. ~80% in the U.S.)."

Persons: Goldman Sachs, Nextracker, Goldman, Brian Lee, Lee, — CNBC's Michael Bloom Organizations: Nextracker, Flex, NXT Locations: U.S

☆ Bank Indonesia to maintain key rate at 6.00% until at least mid-2024
▼ + stars: | 2023-11-21 | by ( Susobhan Sarkar | ) www.reuters.com time to read: +2 min

BENGALURU, Nov 21 (Reuters) - Bank Indonesia (BI) will leave its key policy rate unchanged at 6.00% on Thursday and likely keep it at that level until at least mid-2024, according to a Reuters poll of economists in which a few respondents still expected another rate hike. "Bank Indonesia is likely to keep rates unchanged this month. In a Nov. 14-20 Reuters poll, a strong majority of economists, 27 of 31, expected Indonesia's central bank to keep its benchmark key interest rate (IDCBRR=ECI) unchanged at 6.00% on Thursday. While 12 of 28 put the key rate at 6.00% at the end of June, five had a 6.25% forecast and three had 6.50%. "Our base case is for the first BI rate cut in Q3 2024 ...

Persons: Radhika Rao, Brian Lee Shun Rong, Susobhan Sarkar, Veronica Khongwir, Milounee Purohit, Paul Simao Organizations: Bank Indonesia, Bank, greenback, U.S . Federal, U.S ., DBS, Reuters, Maybank, Thomson Locations: BENGALURU, Asia's, Bank Indonesia

☆ Goldman sticks by this tanking solar stock, says it could nearly triple
▼ + stars: | 2023-11-16 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Goldman Sachs thinks Maxeon Solar Technologies will see eye-popping gains despite the company's recent earnings disappointment. Analyst Brian Lee maintained his buy rating on the Singapore-based solar panel maker. He did lower his 12-month price target on the stock by $3 to $18, but that still implies shares can go up 195% from Wednesday's close. Shares of the solar company plunged 14% on Thursday, reaching a 52-week low, after Maxeon reported third-quarter results that missed analysts' expectations by a wide margin. But a positive catalyst for the stock going forward, Lee noted, is that Maxeon announced a settlement on Wednesday with residential solar technology provider SunPower .

Persons: Goldman Sachs, Brian Lee, Maxeon, Lee, SunPower Organizations: Technologies Locations: Singapore, Wednesday's, U.S

☆ Analysts bail on solar stocks after SolarEdge warning of weak earnings
▼ + stars: | 2023-10-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Solaredge 's warning on Thursday of weakening European demand was another red flag following what has already been a tumultuous year for the solar industry. Several Wall Street investment banks downgraded SolarEdge and slashed their price targets in reaction to the preannouncement. Deutsche Bank downgraded SolarEdge , along with peer solar stocks Sunrun and Sunnova , to a hold rating from buy. Analyst Corinne Blanchard halved SolarEdge's price target to $150 from $300, although this still implies 32% potential upside from the stock's Thursday close. Besides waning European demand, Blanchard highlighted that U.S. demand has also declined and may not bottom until early 2024.

Persons: Solaredge, Zvi Lando, Enphase, SunPower, Sunrun, bode, Gordon Haskett, Don Bilson, Corinne Blanchard, Blanchard, Goldman Sachs, SolarEdge, Goldman, Brian Lee, Oppenheimer, Roth, Philip Shen, Julien Dumoulin, Smith, Michael Bloom Organizations: Deutsche Bank, Bank of America Locations: California, SolarEdge, U.S

☆ This solar energy stock could surge nearly 50%, says Goldman
▼ + stars: | 2023-07-28 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Goldman Sachs remains bullish on First Solar on the back of its second-quarter earnings and revenue beat. The company posted $1.59 earnings per share on $811 million in revenue, while analysts surveyed by Refinitiv had estimated 96 cents per share on revenue of $721 million. First Solar management also announced it would invest $1.1 billion for what would be its fifth solar panel factory in the U.S., expected to commission in the first half of 2026. The analyst believes the company's upcoming analyst day on September 7 will be another positive catalyst for the company. He expects First Solar to focus on its technology outlook, growth and profit trajectory, in addition to its 2030 business model.

Persons: Goldman Sachs, Refinitiv, Brian Lee, Lee, FSLR, — CNBC's Michael Bloom Locations: U.S

☆ Wall Street analysts reveal their top ideas for the second half, including this red-hot solar name
▼ + stars: | 2023-07-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts have rolled out a slew of top picks that they say investors must own as the second half of 2023 gets underway. They include First Solar, Torrid , Boston Beer, ServiceNow and Boston Scientific. ServiceNow Wells Fargo analyst Michael Turrin is expecting a big second half from the workflow software solutions company. First Solar There's no shortage of positive catalysts "brewing" as the second half kicks off, according to Goldman Sachs analyst Brian Lee. First Solar — Goldman Sachs, buy rating "Catalysts brewing into 2H23 set up well for more positive estimate revisions.

Persons: Roth, Bill Kirk, seltzer, Seltzer, Bud Light, Kirk, Boston Beer, Wells, Michael Turrin, We're, Turrin, ServiceNow, Goldman Sachs, Brian Lee, Lee, — Roth, … We're, Mgmt Organizations: CNBC, Boston Beer, Boston Scientific, Boston, Bank of America, 2Q, Scientific, Barclays, BSX Locations: Boston, Wells

☆ These sectors outperformed in the first half. How analysts are playing them for the rest of 2023
▼ + stars: | 2023-06-30 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 is closing out a strong first half thanks in large part to three sectors. The broader market index is up more than 15% year to date, on track for its best first half since 2019. The bulk of those gains came from three sectors — tech, consumer discretionary and communication services — which are up more than 30% each. Given this backdrop, CNBC Pro used FactSet data to screen the top three performing sectors to find which names analysts expect to outperform in the second half. Earlier this week, KeyBanc downgraded the stock to sector weight from overweight, citing concerns at multiple of the company's divisions .

Persons: Disney, KeyBanc, Bank of America's Jessica Reif Ehrlich, Ehrlich, Goldman Sachs, Brian Lee, it's, Lee, SolarEdge, — CNBC's Michael Bloom Organizations: Nvidia, CNBC Pro, Bank of America's, Disney, SolarEdge Technologies, Caesars Entertainment, Vegas Sands, MGM Resorts Locations: Vegas

☆ This water tech stock can rally nearly 25% following 'transformative' acquisition, Goldman says
▼ + stars: | 2023-06-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should buy Xylem after its acquisition of fellow water technology firm Evoqua, Goldman Sachs said. The bank reinitiated its buy rating on Xylem with a price target of $133, which implies a 24.2% upside from where the stock finished Wednesday's session. In the deal, Lee said the company gains a portfolio of water treatment solutions and better placement in U.S. industrial end markets. And the acquisition only "further strengthens its status as a clear ESG winner," Lee said. Any difficulties with acquisition integration could also impact the stock, he said.

Persons: Goldman Sachs, Evoqua, Brian Lee, Lee, — CNBC's Michael Bloom Locations: North America

☆ Should you check emails on vacation or face a ‘tidal wave’ of messages later? These CEOs have some ideas
▼ + stars: | 2023-05-22 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

Should you check email on vacation or face a tsunami of messages once you're back at the office? An 'email intervention'Robinson launched an "Email Intervention Campaign" earlier this month to deal with issues like "vacation email panic," he told CNBC Travel. "I encounter tons of people who are burned out from email," said work-life speaker and consultant Joe Robinson. Robinson advises companies to create defined email policies, ideally ones which give workers permission not to check email on vacation. Don't respond (if you don't have to) Emails proliferate like rabbits, said Joe Robinson.

☆ Goldman Sachs says there could be 'multiple beats' by solar companies and gives its favorites
▼ + stars: | 2023-04-19 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Multiple residential solar stocks should be in a position to outperform Wall Street's expectations this earnings season, according to Goldman Sachs. Analyst Brian Lee pointed to SolarEdge , Sunrun and Enphase as residential solar names to watch this earnings season given near-term tailwinds that can give a boost to earnings. Weakness in demand in the South could be offset by strength in California and the Northeast in the first quarter, Lee said. He has buy ratings on the three residential solar stocks. Here's how he expects each of them to do when reporting first quarter earnings: Enphase Enphase should beat on both sales and per-share earnings, Lee said.

☆ NHL roundup: Claude Giroux reaches 1,000 points in Senators' win
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +5 min

Giroux entered the game with 998 points but reached the milestone before the first intermission. Giroux followed up with a backhand shot at the 9:37 mark for his 34th goal of the season, his 1,001st career point and his 52nd career game-winning goal. Jets 6, Sharks 2Defenseman Erik Karlsson reached 100 points this season but couldn't spark his team to victory as host Winnipeg beat San Jose. Stars 6, Red Wings 1Roope Hintz had a goal and three assists to help Dallas earn a road win over Detroit. Wild 4, Blackhawks 2Marcus Johansson scored two of Minnesota's three goals over the final six minutes in its win over host Chicago.

☆ Goldman Sachs upgrades this solar stock poised to rally nearly 80%, says recent pullback creates an attractive entry point
▼ + stars: | 2023-03-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The recent pullback in Fluence Energy creates an attractive opportunity for investors to snap up shares of a company with improving fundamentals and margins, according to Goldman Sachs. Analyst Brian Lee upgraded the energy storage provider to buy from neutral, citing the recent pullback in the solar and energy sector amid the failure of Silicon Valley Bank and the ensuing turmoil that spooked many market participants. Shares gained more than 5% before the bell, with the stock down about 13% this month and 5.3% year to date. A stabilizing environment as raw material and logistics cost dwindle should also help shares, he added. At the same time, Lee believes that investors are underappreciating the manufacturing credits Fluence stands to gain from the Inflation Reduction Act.

☆ Goldman Sachs says these stocks are a safe place to hide even in this uncertain market
▼ + stars: | 2023-03-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"A reopening in China also serves as a catalyst for accelerating revenue growth and upside in IRM's ITRenew business," he wrote. "We believe IRM's pricing power and expanding growth portfolio will drive attractive organic revenue growth," he added. ... Reopening in China also serves as a catalyst for accelerating revenue growth & upside in IRM's ITRenew business. ... IRM's revenue mgmt strategy is translating into healthy storage pricing trends. ... We believe IRM's pricing power and expanding growth portfolio will drive attractive organic revenue growth."

☆ 16 breakout stocks are forming the bullish golden cross chart pattern
▼ + stars: | 2023-01-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The names are forming a "golden cross" pattern, which is when the 50-day moving average crosses above the 200-day moving average. Its 50-day moving average is 6% above its 200-day moving average. Another solar company, First Solar , also made the list, with its 50-day moving average 18% higher than its 200-day moving average. Its 50-day moving average is 10% above its 200-day moving average. The company's 50-day moving average is 9% above its 200-day moving average.

☆ Goldman Sachs: Buy these 20 stocks poised for up to 50% upside over the long term as inflation cools down in 2023
▼ + stars: | 2023-01-05 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

Inflation is expected to cool down in 2023, partly due to the Inflation Reduction Act. Last March, Fed Chair Jerome Powell embarked on an aggressive interest rate-hiking cycle, while President Joe Biden signed the Inflation Reduction Act in August. 20 stocks to profit from taming inflationAccording to Lee, IRA tailwinds could drive over 50% upside in earnings or stock prices in 20 select stocks as early as 2023. Surprisingly, the 20 stocks poised to benefit from IRA also included names from energy services and financials, two sectors with "underappreciated upside," Lee wrote. Below are the 20 stocks Lee and his team identified as the biggest IRA beneficiaries.

☆ The S&P 500's best and worst stocks of 2022, and where they will go from here
▼ + stars: | 2022-12-30 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The S & P 500 may be headed for its worst yearly performance since 2008, but some stocks still outperformed this year. The strategist has a 12-month target of 4,575 on the S & P 500, implying about a 19% gain from Thursday's close. Here are the best and worst stocks in the S & P 500. First Solar shares are also in the top 10 best-performing stocks in the S & P 500. Other worst performers in the S & P 500 include Match Group , Align Technology and SVB Financial Group .

☆ Goldman Sachs names SolarEdge Technologies and First Solar top picks for 2023
▼ + stars: | 2022-12-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The outlook is rosy for SolarEdge Technologies and First Solar , according to Goldman Sachs. Analyst Brian Lee named the two solar stocks among his top picks heading into 2023, saying they can add to this year's gains. "While solar equities outperformed in 2022 vs. R2K, stocks are still ~20% below early '21 peak levels and valuations remain below pre-IRA levels," Lee wrote in a Sunday note. Solar stocks outperformed in the second half of 2022, after underperforming in the first half of the year, following the passage of the Inflation Reduction Act. Meanwhile, shares of First Solar may have surged more than 77% this year, but the analyst forecasts the company could be the "biggest beneficiary of the IRA" because of its "outsized leverage to US utility-scale solar," Lee said.

☆ These startups are beating Elon Musk in the race to let you mind meld with your computer
▼ + stars: | 2022-08-17 | by ( Adam Rogers | ) www.businessinsider.com time to read: +21 min

That's when I started reporting on them, and like any good nerd I was compelled by what scientists could learn with these "brain computer interfaces." The race for implantable brain chips has been a long, deliberate marathon. Graham Felstead, who has severe paralysis, was the first person to have a BCI inserted via the blood vessels. Brain chips will enable them to perform simple actions on their own and reduce the need for round-the-clock care. "When we started in 2015 and I was pitching venture capitalists on brain computer interfaces, no one knew what a brain computer interface was," says Matt Angle, the CEO of Paradromics.

☆ These solar companies could beat expectations this earnings season, according to Goldman
▼ + stars: | 2022-07-23 | by ( Pippa Stevens | ) www.cnbc.com time to read: +3 min

Second-quarter earnings for solar companies kick off next week, and Goldman said two stocks in particular should be on investors' radar: Enphase Energy and SolarEdge . The firm said in a recent note to clients that both companies have the potential to beat quarterly estimates, while also raising guidance. Analysts led by Brian Lee said both companies, which make inverters for solar systems, are benefitting from strong demand in Europe, as well as demand for their energy storage products. Goldman has a $244 12-month target on the stock, which is 11% above where the stock closed on Thursday. On the other hand, Goldman is cautious on the panel suppliers, rating First Solar , JinkoSolar and Maxeon Solar as sells.

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