Streetbeat News

Stock Prices

RUN

Shares of Sunrun Inc (NASDAQ:RUN) fell by 8.5% amid a broader weakness in solar-related stocks, following a weak preliminary Q3 outlook from SolarEdge Technologies. SolarEdge's downward adjustment in non-GAAP gross margin guidance suggests increased pricing and margin pressure within the solar industry, which could negatively affect Sunrun's profitability. Solar companies often share supply chain relationships and distribution networks, so any difficulties faced by SolarEdge could disrupt Sunrun's operations and impact their revenue and profitability.

Portfolio Pulse from Henry Khederian

October 20, 2023 | 1:01 pm

BJRI

Analysts have provided various ratings for BJ's Restaurants (NASDAQ:BJRI) within the last quarter, with 4 being somewhat bullish, 3 indifferent, and 1 somewhat bearish. The average 12-month price target for BJ's Restaurants has increased by 10.12% from the previous average price target of $33.60 to $37.0.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 1:00 pm

FITB

Analysts have provided ratings for Fifth Third Bancorp (NASDAQ:FITB) within the last quarter. The ratings include 1 bullish and 4 indifferent. The average price target is $30.6, implying an upside from the current price of $24.65. The average price target has increased by 5.52% over the past month.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 1:00 pm

DY

Dycom Industries (NYSE:DY) has received various analyst ratings in the last quarter, with 3 bullish, 2 somewhat bullish, and 2 indifferent. The average price target is $117.71, compared to the current price of $84.03, implying an upside. However, this average has decreased by 6.02% from the previous average price target of $125.25.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 1:00 pm

LSPD

Over the past 3 months, 7 analysts have published their opinion on Lightspeed Commerce (NYSE:LSPD) stock. The average 12-month price target for the stock is $17.57, a decrease of 2.39% from the previous average price target of $18.00. The analysts' ratings range from somewhat bullish to somewhat bearish.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 1:00 pm

AMX

In the last quarter, America Movil (NYSE:AMX) received 3 bullish ratings, 1 indifferent rating, and 1 somewhat bearish rating from analysts. The company's average 12-month price target is $21.3, a decrease of 7.39% from the previous average of $23.00.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 1:00 pm

BMY

In the last quarter, Bristol-Myers Squibb (NYSE:BMY) received various analyst ratings. The 12 analysts have an average price target of $72.58, compared to the current price of $56.48, implying an upside. However, this average represents a 4.98% decrease from the previous average price target of $76.38.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 1:00 pm

SEDG

B of A Securities analyst Julien Dumoulin-Smith has downgraded SolarEdge Technologies (NASDAQ:SEDG) from Neutral to Underperform and set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:57 pm

ENPH

SEDG

Shares of Enphase Energy Inc (ENPH) are trading lower by 15.25% due to weak preliminary third-quarter outlook issued by SolarEdge Technologies Inc (SEDG), a competitor in the solar energy industry. SolarEdge lowered its third-quarter revenue forecast and non-GAAP gross margin guidance due to unexpected order cancellations and delays from European distributors. This has raised concerns about Enphase's ability to compete effectively and maintain healthy profit margins.

Portfolio Pulse from Henry Khederian

October 20, 2023 | 12:57 pm

BDTX

BSPK

RDGL

Insiders at Black Diamond Therapeutics, Bespoke Extracts, and Vivos have recently purchased shares in their respective companies. Black Diamond Therapeutics' 10% owner BB Biotech AG acquired 400,000 shares at an average price of $2.34. Bespoke Extracts' CEO Michael Feinsod bought 3,000 shares at an average price of $0.20. Vivos' CEO and President Micheal Korenko purchased 100,000 shares at an average price of $0.05.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 12:55 pm