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Union Pacific – Union Pacific's stock nearly 10% after the company announced that its current CEO would step down in 2023. Fisker – Shares of the electric vehicle startup surged more than 27% after Fisker maintained its 2023 vehicle production target and said it spent less than anticipated in 2022. To be sure, the company posted a larger-than-expected loss and revenue miss for the fourth quarter, according to StreetAccount. Alphabet — Google's parent company gained 0.6% after Bank of America reiterated its overweight rating, citing the technology giant's opportunities within artificial intelligence. Zillow — The online real estate platform gained 2.4% after JPMorgan initiated coverage of the stock with an overweight rating.
Check out the companies making the biggest moves in premarket trading:Lyft — The ride-sharing company cratered 31.5% after issuing weak guidance in its fiscal first-quarter earnings report. Lyft said it anticipates about $975 million in revenue, lower than the $1.09 billion analysts expected, according to StreetAccount. Yelp — The consumer review platform gained more than 5% in the premarket after it posted fourth-quarter revenue of $309 million, topping analysts' expectations of $307 million. Deutsche Bank — Shares of the German bank dipped more than 3% in pre-market trading after Deutsche Bank was downgraded to underperform from neutral at Bank of America. Newell Brands — The parent company of Rubbermaid and Yankee Candle slumped 7.5% after reporting earnings that missed analysts' expectations.
Expedia — The travel company's stock toppled nearly 8% after falling short of analysts' revenue and earnings expectations for the recent quarter. Yelp — Yelp's stock jumped 4% after fourth-quarter revenue beat analysts expectations, according to Refinitiv. Deutsche Bank — Shares fell 3% after Bank of America downgraded Deutsche Bank to underperform from neutral, saying the European bank is "struggling to improve profitability." The decline in shares came despite a top-and-bottom line beat on analysts' expectations, according to FactSet. Adjusted earnings before interest, taxes, depreciation and amortization for the fourth quarter came in below analysts' expectations, according to FactSet.
Bank of America downgrades Deutsche Bank to underperform from neutral Bank of America said it sees waning profitability for the European banking giant. Jefferies reiterates Walmart as buy Jefferies said it's standing by its buy rating on the stock heading into earnings later this month. Guggenheim reiterates Target as buy Guggenheim says it's standing by shares of the e-commerce giant heading into earnings later this month. Oppenheimer reiterates Roku as outperform Oppenheimer said it's standing by its outperform rating on shares of Roku. Bank of America initiates Freyr Battery as buy Bank of America said it sees an attractive risk/reward for the battery company. "
Goldman Sachs says the development of electric vehicles — and the companies involved in this — are set to see "considerable growth" through 2030. According to Goldman, this EV ecosystem includes auto manufacturers, battery makers, software developers, and companies involved in charging infrastructure and power semiconductors. "We think these companies should be able to tap [Inflation Reduction Act] opportunities as the battery market becomes more concentrated," Goldman wrote. Upside of 120% Goldman is also buy-rated Chinese EV maker Nio and gives it gives massive potential upside — among the highest of all of its stock picks in the report. "We see risk-reward for the stock as skewed to the upside," Goldman added.
The event may have created a compelling entry point for investors who have been on the sidelines of the long-term shift to electric vehicles. Electric vehicles are becoming much more popular in the U.S. but still make up a small portion of automobiles on the roads. Cutting prices certainly caught the eye of consumers and boosted interest in Tesla vehicles, according to data from Edmunds. And, there are still issues with electric vehicles that make them impractical for large groups of consumers, said Mike Ward, an analyst at The Benchmark Company. There’s also a huge potential in firms that make batteries, key parts of electric vehicles that are also seeing surging share prices.
The Global X Lithium & Battery Tech ETF was up nearly 8% last week – its best week since March 2022, according to CNBC analysis. Lithium and EV battery producers, such as Albemarle and CATL , also did well, soaring 30% and 18% respectively. Rivian shares are seen rising by 100% over the next 12 months on average, while Tesla has 13% upside, and Lucid has 18% potential upside, according to analysts. Battery makers Freyr and Enovix Corporation stood out for having the biggest potential upside, at 108% and 285% respectively. Both are also popular among analysts, with Enovix the only company on the list to have a 100% buy rating from analysts.
The electric vehicle market will continue growing, and Goldman Sachs sees specific ways to play that in the battery market. He expects electric vehicle adoption to hit 61% by 2040. One major winner thus far has been electric vehicle battery makers, he said, as pricing power has supported higher earnings. He said the battery market is becoming increasingly concentrated, with the top five battery makers accounting for 83% of the market. GM said Tuesday it would invest $650 million in a lithium company in support of its electric vehicle business.
Tesla stock could add 50% despite price cuts to vehicles, according to Morgan Stanley. "Tesla's recent price cuts are just the latest sign the EV market may be entering the 'shake-out' phase," he wrote. "Tesla's recent price cuts are just the latest sign the EV market may be entering the 'shake-out' phase," he wrote. While Morgan Stanley trimmed its price target on Tesla stock, its $220 level remains one of the highest on Wall Street. JPMorgan rates Tesla "underweight" with a $120 price target, and Wedbush rates Tesla "outperform" with a $175 price target.
Republican-leaning states are attracting most of the clean-energy investments spurred by the Biden administration’s signature Inflation Reduction Act, a bill that passed the U.S. Congress without any Republican votes. The act, which was signed into law in mid-August, offers beefy tax credits and other support for clean-energy projects ranging from wind farms to factories that make batteries, solar components or hydrogen. The incentives have improved the economics of those projects and helped spark a flood of investment announcements from companies including the solar manufacturing unit of South Korean conglomerate Hanwha Group and Norwegian startup Freyr Battery .
Cramer's lightning round: I like WESCO very much
  + stars: | 2023-01-09 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...Rite Aid Corp : "We don't want Rite Aid. Loading chart...ADMA Biologics Inc : "It's a great spec, but it is losing money hand over fist. Loading chart...NextDecade Corp : "Let's go to Sempra . Array Technologies Inc : "If they make the money that they're supposed to make this year, then I think you'll be in very good shape." Losing too much money."
Shares of legacy automakers and parts manufacturers will attract new investors as they transition toward electric vehicles and green technologies, according to Goldman Sachs. As a result, the bank expects the company's stock to rise by 116% to $19 over the next 12 months. The Wall Street bank believes such stocks will begin attracting ESG investors as an increasing proportion of their parts are used in electric vehicles. Shares of Visteon rose by 17% last year, and Goldman expects the stock to rise a further 15% to $160 in the next 12 months. Goldman Sachs expects GM's stock to rise by 20% over the next 12 months and reverse some of last's year 44% decline.
The Inflation Reduction Act signed into law last year could create a boost for stocks from various sectors, and Goldman Sachs broke down its top picks for investors wanting to take advantage. "We believe stock-specific implications are quite wide-ranging from both an impact and timing perspective across multiple sectors," Goldman strategists said in a note. First Solar and Enphase were the two top picks in this space, with Goldman predicting 50% upside in the next 12 months for both names. The bill also gives rise to the clean hydrogen economy in the U.S., including carbon capture, Goldman said. Meanwhile, Goldman said energy services company MasTec is well positioned to benefit from the demand for infrastructure that supports renewable projects.
The global electric commercial vehicle market is expected to top $370 billion in annual revenue by 2030. With a flood of new battery-powered autos set to transform the business of building passenger vehicles, it was natural that commercial vehicles would be next. The global electric commercial vehicles market is expected to surpass $370 billion in annual revenue by 2030, according to Guidehouse Insights. It also has its toes deep into electric mobility, building batteries not only for EVs but also electric buses, boats, and trucks. Now, through internal changes and acquisitions, BorgWarner is positioning itself for the electrified future, especially as that future comes to commercial vehicles.
Analyst Adam Jonas is expecting a "challenging" 2023 for auto earnings on the back of declining demand and deflation – particularly for electric vehicle makers. But Jonas' price target implies the stock could gain 10.6% from where it closed Tuesday. Jonas cut the expected electric vehicle penetration forecasts for 2025 and 2030 to 11% and 26%, respectively, from 13% and 32%. Tesla and Rivian are both electric vehicle makers among his top picks. The stock, which is down 48.4% this year, has a price target that shows it could gain 34% over Tuesday's close.
Electric vehicle batteries are gaining "critical importance" as part of the energy transition, according to Goldman Sachs, which named a number of stocks set to benefit as countries diversify their supply chains away from China. China currently accounts for around 60% of global EV battery demand, but this share is set to decline to 30% by 2030, Goldman said in a Nov. 14 report. Significant investment — to the tune of $160 billion for the U.S and EU — is required to develop a fully localized battery supply chain, without China's involvement, Goldman said. In Europe, Goldman likes Freyr Battery , which it says is a major beneficiary of the U.S. Inflation Reduction Act. "We view FREYR as well positioned to succeed in the future, due to their focus on [lithium iron phosphate] batteries that are designed for battery storage," Goldman said.
First Solar said Wednesday that it has selected Alabama as the site for its fourth U.S. solar panel manufacturing facility, after the Inflation Reduction Act and its incentives for domestic manufacturing encouraged companies to onshore production. First Solar CEO Mark Widmar previously told CNBC that the Inflation Reduction Act was the key catalyst that led First Solar to choose the U.S. for its latest factory. The U.S. solar industry now stands at around 126.1 GW, which is enough to power 22 million homes, according to the Solar Energy Industries Association. Shares of First Solar hit their highest level since April 2011 on Wednesday after the IRA reignited interest in renewable energy companies. Other solar companies, including SolarEdge and Enphase Energy , have said they are exploring manufacturing in the U.S. following the climate bill.
Norwegian startup Freyr Battery and energy conglomerate Koch Industries Inc. are accelerating their plan to build a multibillion-dollar battery plant that will be among the largest to tap incentives in President Biden’s climate, tax and spending plan, Freyr said. Koch’s chief executive long opposed environmental regulation and subsidies while funding groups that questioned climate change. The company and Freyr will likely invest more than $2.6 billion in two phases for the Georgia plant, which will supply batteries primarily for the U.S. power grid.
Optimism is revving up at Cowen over the investment potential of companies focused on lithium-ion batteries. Ultimately, Daoud said the U.S.-based lithium-ion battery industry stands to gain, especially as headwinds resolve and production catches up to demand. Battery swelling has been an inhibitor to lithium-ion batteries. Though Envoix is considered to have the most commercialization potential, Daoud said he is also watching FREYR Battery , SES AI and Solid Power . The report contained initial investment opinions on three of the stocks: FREY (outperform), SES (market perform) and SLDP (market perform).
UBS downgrades Caterpillar to neutral from buy UBS said in its downgrade of Caterpillar that it sees a more "balanced risk/reward." Morgan Stanley upgrades Pure Storage to overweight from equal weight Morgan Stanley said in its upgrade of the data flash storage company that it sees "share gains and growing value proposition." Morgan Stanley reiterates Southwest as a top pick Morgan Stanley says it has "solid confidence" in shares of Southwest. Morgan Stanley reiterates Charles Schwab as a top pick Morgan Stanley says it's standing by the stock despite shares underperforming. Oppenheimer reiterates Uber as outperform Oppenheimer says Uber shares have a "compelling value proposition" ahead of earnings on Tuesday.
Jonas also said his bull case scenario has the stock going to $60, more than 350% above the previous close. "The environment is becoming ripe for FREY to become a real player in the global battery economy later this decade," Jonas said. Since the start of 2022, Freyr signed agreements with Powin, Honeywell and Nidec — whose partnership represents one of the largest ESS battery contracts in the world. For the bull case $60 target to be met, the company will have to hit 300 GWh supply, which is a unit of battery measurement, by 2035. The New York Stock Exchange welcomes FREYR Battery (NYSE: FREY), on July 8, 2021, in celebration of its Listing.
Deutsche Bank reiterates Nike as buy Deutsche said it's standing by shares of Nike heading into earnings next week. Canaccord downgrades Stitch Fix to neutral from buy Canaccord downgraded the online personal styling service after the company's disappointing earnings report. " Goldman Sachs upgrades Estee Lauder to buy from neutral Goldman said in its upgrade of the stock that investors should buy the weakness. Deutsche Bank reiterates Costco as buy Deutsche said it sees upside potential heading into earnings on Thursday. " Bank of America reiterates Apple as buy Bank of America said its survey checks on Apple show that carrier promos are driving more consumers to upgrade iPhones.
Stitch Fix — Stitch Fix was up about 12%, even after the company posted downbeat quarterly numbers. General Mills — Shares of the food producer jumped 7% after the company posted a better-than-expected quarterly profit. The company now sees adjusted EBITDA between $1.4 billion and $1.45 billion, below prior guidance of $1.475 billion and $1.575 billion. Sotera Health — Sotera Health shares dropped more than 7% after JPMorgan downgraded the company to underweight from overweight, citing risks from more than 700 outstanding trials. Coty — The stock rose 5.6% after the beauty company said it has a strategy to double skincare product sales by fiscal year 2025.
Copper demand is set to surge, Goldman Sachs says — and supply is unlikely to keep up. The investment bank has named a number of metal stocks it says will shine in a copper deficit scenario. Along with the "green transition" driving a surge in demand for copper, Goldman noted that new supply from approved projects will peak in 2024. After this, there are no significant copper projects planned until 2027 or 2028, it added. "While supply growth appears muted from 2024, demand is likely to accelerate given the push towards a low-carbon economy and growing green copper demand," Goldman analysts wrote in a Sept. 13 report.
it was previously assumed they were of one species, but apparently greater gliders comprise of three separate species. pic.twitter.com/neVdL7Klv3 — freyr (@sunfloweraidil) November 8, 2020«Несколько раз высказывались предположения, что существует более одного вида летучих кускусов, но теперь у нас есть доказательства из ДНК. Это полностью меняет наше представление о них», — Дениз МакГрегор, соавтор исследования из Университета Джеймса Кука. Это открытие, делящее летучих кускусов на три группы, означает, что представление об их широком распространении было неверным. Не каждый день подтверждается существование новых млекопитающих, не говоря уже сразу о двух неизвестных ранее видах», — заключает соавтор исследования Эндрю Крокенбергер.
Persons: Petauroides volans, freyr, Дениз МакГрегор, Эндрю Крокенбергер Organizations: Geographic, Университет Джеймс Кука Locations: australia, Австралия, Россия
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