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ARRY

Array Technologies (NASDAQ:ARRY) received mixed ratings from 13 analysts, with a shift towards a more bearish sentiment. The average 12-month price target was reduced by 16.12% to $25.08. Analysts from firms like Mizuho, Piper Sandler, and Goldman Sachs adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Array Technologies, a manufacturer of solar energy ground-mounting systems, has seen a revenue decline of -31.96% over the last quarter but maintains strong profitability indicators such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:01 pm

FSLR

First Solar (NASDAQ:FSLR) has received mixed analyst ratings over the past three months, with a total of 4 bullish, 6 somewhat bullish, and 2 indifferent ratings. The average 12-month price target is $217.75, down from the previous $225.89. Analysts from firms like Mizuho, Jefferies, and Morgan Stanley have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. First Solar is a leading thin-film solar module manufacturer with strong revenue growth and net margin but lagging ROE and ROA compared to industry averages. The company's debt-to-equity ratio is low at 0.09.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:01 pm

MAXN

Maxeon Solar Technologies (NASDAQ:MAXN) has received mixed ratings from 14 analysts in the past three months, with a shift towards a more bearish sentiment in the last 30 days. The average 12-month price target has dropped significantly from $19.85 to $11.00. Analysts from firms including Mizuho, Goldman Sachs, Morgan Stanley, UBS, Roth MKM, Northland Capital Markets, Raymond James, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Maxeon Solar Technologies is a manufacturer of solar technology with a lower market capitalization and revenue challenges, as well as a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

HASI

Hannon Armstrong (NYSE:HASI) received mixed ratings from 5 analysts in the past three months, with an average 12-month price target of $27.8, down from the previous $30.00. The ratings range from 'Buy' to 'Neutral' with price targets varying from $23.00 to $31.00. The company specializes in financing energy-efficiency and renewable-energy projects. Despite a strong net margin of 43.08%, Hannon Armstrong faces revenue challenges with a 19.35% decline and a lower than average ROE of 1.06%. The company's debt-to-equity ratio is 1.78, indicating a balanced approach to debt management.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

LI

NIO

TSLA

XPEV

Goldman Sachs initiated coverage on Li Auto Inc (NASDAQ:LI) with a Buy rating and a price target of $52.90, suggesting a 52.9% upside. Analyst Tina Hou highlighted Li Auto's strong position in China's NEV market, innovative technology, and robust growth prospects with new model launches and an expanding sales network. Risks include market demand fluctuations and competition. Goldman is neutral on NIO Inc due to decreasing market share and a mature product lineup. Li Auto's growth is underscored by a 182% year-on-year increase in deliveries, with over 50,000 cars in December 2023.

Portfolio Pulse from Surbhi Jain

January 03, 2024 | 8:21 pm

MELI

MercadoLibre (NASDAQ:MELI) received diverse analyst ratings in the last three months, with 1 bullish and 3 somewhat bullish ratings. The average 12-month price target for MELI is $1762.5, reflecting an 8.46% increase from the previous target of $1625. Analysts from Citigroup, Wedbush, and Susquehanna have raised their price targets, indicating positive sentiment towards the company's performance. MercadoLibre operates the largest e-commerce marketplace in Latin America and has shown strong financial indicators such as a 39.78% revenue growth rate, a net margin of 9.55%, an ROE of 14.38%, an ROA of 2.29%, and a debt-to-equity ratio of 1.91.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:01 pm

DRI

Darden Restaurants (NYSE:DRI) has been rated by 12 analysts in the last three months, with a mix of bullish and somewhat bullish perspectives. The average 12-month price target is $172.5, up from $166.25, with a high of $190.00 and a low of $155.00. Analysts from firms like Barclays, Oppenheimer, and Truist Securities have updated their ratings and price targets, reflecting their views on the company's market performance and financial health. Darden Restaurants, a major U.S. full-service restaurant operator, has faced a slight revenue decline of -0.12% over 3 months but maintains strong profitability with a net margin of 7.78% and an ROE of 10.13%, despite a high debt-to-equity ratio of 2.71.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:00 pm

SILK

Silk Road Medical (NASDAQ:SILK) has been evaluated by 5 analysts over the last three months, with a shift towards a more bullish stance in the last 30 days. The average 12-month price target has been reduced by 67.3% to $13.00, with a high estimate of $20.00 and a low of $8.00. Analysts from Lake Street, Piper Sandler, Citigroup, B. Riley Securities, and Stifel have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Silk Road Medical specializes in reducing stroke risk with its TCAR procedure and has shown a revenue growth rate of 18.89% as of September 30, 2023.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:00 pm

ED

Consolidated Edison (NYSE:ED) has received mixed reviews from 7 analysts in the last three months, with 3 indifferent and 4 somewhat bearish ratings. The average 12-month price target is $82.21, slightly up from the previous $81.83. Analysts from firms including Ladenburg Thalmann, JP Morgan, Morgan Stanley, Barclays, Keybanc, and Wells Fargo have adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions. Con Ed's financials show a negative revenue trend with a -7.03% growth, but strong profitability with a net margin of 13.58% and efficient use of equity and assets, as indicated by ROE of 2.51% and ROA of 0.82%. The company's debt-to-equity ratio is conservative at 1.13.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:00 pm

UTZ

Needham analyst Matt McGinley initiated coverage on Utz Brands Inc (NYSE:UTZ) with a Buy rating and a $20 price target, adding it to the Needham Conviction List for 2024. McGinley expects Utz to increase its marketing spend by 3x, focusing on four power brands, and to grow sales by 4%-5% annually with a 3-point EBITDA rate improvement over three years. Utz aims for $135 million in cumulative supply chain savings, with internal cost-saving initiatives and supply chain restructuring expected to boost margins and cash flow. Utz trades at a 15x EV/EBITDA multiple, a 2.5 point premium to peers, but is expected to outpace their growth and achieve double the EBITDA growth of peers. The company is transitioning from a regional to a national competitor in the salty snack category, with shares trading higher by 6.11% at $17.37.

Portfolio Pulse from Shivani Kumaresan

January 03, 2024 | 7:03 pm