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Top related persons:
Nextracker - 1 Dan Shugar - 1 Jim Cramer - 1 Praneeth Satish - 1 Howard Wenger - 1 Wenger - 1 Shugar - 1 Jim - 1
Top related locs:
Fargo Kayenta , Arizona
Top related orgs:
Revenue - 1 Club - 1 Truist Securities - 1 Microsoft - 1 Fed - 1 CNBC - 1 Getty - 1

Search resuls for: "Praneeth Satish"


3 mentions found


☆ Solar stock Nextracker's strong quarter is eclipsed by backlog concerns — here's where we stand
  + stars: | 2024-08-01 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +9 min
Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm's backlog of projects overshadowed its better-than-expected quarterly results. Scrutiny of Nextracker's revenue backlog came more into focus during Nextracker's conference call with analysts. That, in turn, impacts the pace at which Nextracker's backlog becomes reported revenue. With interest rate cuts on the horizon, the economics of solar projects should get a whole lot better. " Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Nextracker, Dan Shugar, Jim Cramer, Praneeth Satish, Howard Wenger, Wenger, Shugar, Jim, Jim Cramer's, Brandon Bell Organizations: Revenue, Club, Truist Securities, Microsoft, Fed, CNBC, Getty Locations: Fargo, Kayenta , Arizona
☆ Wells Fargo downgrades Generac, calls its 2023 guidance too aggressive
  + stars: | 2023-02-17 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +1 min
Generac may be a bit too optimistic about its prospects going forward, according to Wells Fargo. Analyst Praneeth Satish downgraded the stock to equal from overweight, noting the power generator maker could fall short of its aggressive 2023 guidance. He reiterated his target price of $135, implying only a 3.9% upside from the stock's closing price of $129.91 on Thursday. Wells Fargo's base case assumes a more moderate growth rate for the next two years, forecasting revenue to decline 12% in 2023 before growing 11% in 2024. However, Satish noted that if Generac meets its 2023 guidance, shares could rally more than 30%.
☆ Wells Fargo names this solar stock a top pick, says its growth is 'recession proof'
  + stars: | 2022-12-07 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Investors should load up on shares of Enphase Energy , even if a recession may be on the horizon, Wells Fargo said Wednesday. Analyst Praneeth Satish named the solar inverters maker a top pick, recommending that any weakness in the stock be used as a buying opportunity. The analyst has a price target of $344 per share on Enphase, implying upside of 11.1% from Tuesday's close. "ENPH's growth is essentially 'recession proof' with global ESG mandates driving secular demand for solar. While ENPH trades at a steep premium, we view this premium as warranted, as 2023-24 Consensus estimates appear too low," Satish said.
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