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Search resuls for: "Julien Dumoulin"


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☆ Bank of America upgrades SolarEdge on improving outlook, says stock can jump more than 20%
  + stars: | 2022-12-07 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
SolarEdge could be in for big gains in the near-term as its outlook improves, Bank of America said Wednesday. Analyst Julien Dumoulin-Smith upgraded the stock to buy from neutral and increased his price target to $367, which presents an upside of 22.8% from Tuesday's. SolarEdge is regaining ability to raise prices in markets after losing pricing power amid competitive pressures from Chinese competitors, the analyst said. Management believes it could see an operating margin between 20% and 22% within its core solar offering by the end of 2023, which would mark an increase from the prior margin target of between 17% and 19%. Increasingly revenue from it power optimizer will also help its operating margin.
☆ Bank of America believes this solar stock — already up more than 60% this year — has more room to run
  + stars: | 2022-10-31 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
First Solar stock still has room to run even after advancing more than 60% this year, according to Bank of America. Analyst Julien Dumoulin-Smith raised his price objective on First Solar, and reiterated a buy rating on the Arizona-based company, after its latest earnings results. Some investors have expressed concern that growth expectations for First Solar may be overdone after the solar stock surged more than 60% this year. Still, Bank of America remains bullish on First Solar, as it is "almost fully booked through 2026," and expands its "competitive positioning" overseas. If anything, we expect FSLR to leverage bridge financing to ensure near-term liquidity, which FSLR will pay down following PTC receipt.
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