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SolarCity Cost Tesla An Earnings Beat, But Bull Arguments Now Stronger Than Bear
Thursday, February 23, 2017 - 9:59am | 335Tesla Inc (NASDAQ: TSLA) reported Q4 earnings per share short of expectations, despite a revenue beat. The earnings miss was mainly due to the SolarCity Corp (NASDAQ: SCTY) acquisition and Tesla remains on track for starting limited production of Model 3 in July, Baird’s Ben Kallo said in a...
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First Solar Is The One To Own In A Challenging Environment
Wednesday, February 22, 2017 - 12:23pm | 337Shares of First Solar, Inc. (NASDAQ: FSLR) tumbled more than 7 percent on Wednesday after the company's earnings report suggested the solar energy company and the overall solar market will see further gloom ahead as evidenced by its poor guidance. In a research report following First Solar's...
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Baird Is A Buyer Of Tesla Ahead Of Its Earnings
Thursday, February 9, 2017 - 11:37am | 314Baird’s Ben Kallo believes that the Q4 results could be a de-risking event for Tesla Inc (NASDAQ: TSLA) in the near term and recommends buying the shares. The analyst maintains an Outperform rating on the company, with a price target of $338. Expectations From The Call “We expect...
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It's Not Too Late To Jump On Albemarle's Bandwagon; Baird Upgrades To Outperform
Tuesday, January 17, 2017 - 12:14pm | 271Although Albemarle Corporation (NYSE: ALB) shares meaningfully appreciated in 2016, Baird’s Ben Kallo believes there still is substantial upside potential to the stock, given that the company is in the early stages of a multi-year cycle of lithium demand. Kallo upgraded the rating on the...
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The Argument For Why No One Cares About Tesla's Delivery Disappointment
Wednesday, January 4, 2017 - 2:33pm | 253Tesla Motors Inc (NASDAQ: TSLA)'s saw its stock trade lower by 2 percent during Tuesday's after-hours session following the company's announcement that it missed its deliveries target yet again. Tesla said that it delivered 22,000 vehicles in the fourth quarter, which came in more than 10 percent...
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Tesla The Top Pick For 2017: Baird
Friday, December 30, 2016 - 1:33pm | 382Shares of Tesla Motors Inc (NASDAQ: TSLA) are on track to close 2016 lower by more than 10 percent, but analysts at Baird are now calling the electric auto maker its top 2017 pick. Baird's Ben Kallo commented in a report Friday that Tesla's ramp of its Model 3 car and Energy products...
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What To Expect Now That Tesla Shareholders Have Approved A SolarCity Merger
Friday, November 18, 2016 - 11:50am | 288Tesla Motors Inc (NASDAQ: TSLA)'s acquisition of SolarCity Corp (NASDAQ: SCTY) was officially approved by Tesla's shareholders on Thursday. In a research report on Friday, Ben Kallo of Baird reiterated an Outperform rating on Tesla's stock with an unchanged $338 price target, even though the...
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Tesla Bulls' Confidence Increases In SolarCity Merger Approval Following Musk's Update
Wednesday, November 2, 2016 - 11:24am | 351Baird’s Ben Kallo expressed increasing confidence that the SolarCity Corp (NASDAQ: SCTY) acquisition would be approved by Tesla Motors Inc (NASDAQ: TSLA) shareholders. Kallo reiterated an Outperform rating on Tesla Motors, with a price target of $338. Convincing Shareholders According to a...
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The Street Is Overlooking This Ahead Of Tesla's Q3 Release
Wednesday, October 26, 2016 - 3:34pm | 319Ahead of Tesla Motors Inc (NASDAQ: TSLA)'s third-quarter results, Baird said the Street estimates may not have been updated for the change in reported revenue. Accordingly, the firm sees headline risks for Tesla. Analyst Ben Kallo said he is updating his revenue model to reflect GAAP revenue...
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Tesla Beats Delivery Estimates, Baird Reiterates $338 Price Target
Monday, October 3, 2016 - 8:37am | 340Tesla Motors Inc (NASDAQ: TSLA) announced it had delivered 24,500 vehicles in Q3, beating the delivery estimate of 21,000 vehicles. “Management expects production to continue to ramp, indicating Q4 deliveries should meet or exceed Q3 numbers. Shares should trade higher as TSLA executed on...
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Low Expectations Could Set Tesla Q3 Deliveries Up For A Surprise
Wednesday, September 28, 2016 - 3:03pm | 373Previewing Tesla Motors Inc (NASDAQ: TSLA)'s third-quarter results to be released early next week, Baird said the stock has upside potential, as the bar is set low for deliveries. The firm believes several catalysts could drive the stock higher, going into the year end. Analyst Ben Kallo noted that...
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Baird Praises Hannon Armstrong's Pipeline, Confident In Dividend Growth
Friday, September 23, 2016 - 12:20pm | 345Citing continued execution and growth, Baird has raised its price target for Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE: HASI) from $24 to $27 and maintains an Outperform rating. Justification Baird analyst Ben Kallo said the company's recent capital raise supports for his bullish coverage on...
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8Point3 Energy's Q3 Beat And Raise Justify Rating Reiteration From Baird
Wednesday, September 21, 2016 - 3:11pm | 285Following 8Point3 Energy Partners LP (NASDAQ: CAFD)'s third-quarter results — an outperformance and upward revision of guidance — Baird reiterated its Outperform rating on the shares of the company. The price target was reiterated at $20. Analyst Ben Kallo noted that the company's...
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Baird Remains A Buyer Of Tesla At Current Levels
Monday, September 12, 2016 - 12:40pm | 348Baird Equity Research is a buyer of Tesla Motors Inc (NASDAQ: TSLA) shares following the company announcement of autopilot software version 8.0 incorporating radar technology. Analysts Ben Kallo and Tyler Frank believe the electric vehicle maker's radar-based system would offer enhanced safety and...
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Chemtura's Future Execution Already Priced In, Baird Waiting For A Pullback
Friday, September 9, 2016 - 1:50pm | 261Baird downgraded Chemtura Corp (NYSE: CHMT) to Neutral and is waiting for a pullback in shares to become more constructive on the name. Shares have appreciated more than 9 percent in 2016 and Baird believes "the market is pricing in future execution at current levels, and feel anticipation...