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Wolfspeed Shares Tank On Heels Of Tesla SiC Cut Down, Analysts Focus On 200mm Delay
Thursday, April 27, 2023 - 10:56am | 462Shares of semiconductor maker Wolfspeed Inc (NYSE: WOLF) tanked in early trading on Thursday, adding to losses made on news of Tesla Inc’s (NASDAQ: TSLA) silicon-carbide (SiC) cut down. Here are some key analyst takeaways from the company’s fiscal third-quarter earnings call....
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Plug Power Analyst Drops Bullish Stance, Says Company Needs To Show Profitability Improvements
Wednesday, June 23, 2021 - 9:54am | 371The first-quarter report Plug Power Inc (NASDAQ: PLUG) released Tuesday, though triggering a strong upward move in shares, failed to convince an analyst at Canaccord Genuity to retain his bullish bias. Plug Power Analyst: Jed Dorsheimer downgraded Plug Power shares from Buy to Hold...
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Why Plug Power's Stock Is Trading Lower Today
Wednesday, June 23, 2021 - 7:59am | 185Plug Power Inc (NASDAQ: PLUG) is trading lower Wednesday morning after Canaccord Genuity downgraded the stock. What Happened: Plug Power announced its first-quarter financial results on Tuesday. The company reported a quarterly earnings loss of 12 cents per share, which missed the estimate for...
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Tesla Analyst Cuts Price Target By 17% On Potential Battery Delay
Monday, June 14, 2021 - 4:28pm | 450Tesla, Inc. (NASDAQ: TSLA) began deliveries of its Model S Plaid last week, and following the event, an analyst at Canaccord Genuity revisited his price target for the electric vehicle stock. The Tesla Analyst: Jed Dorsheimer maintained a Buy rating on Tesla shares and reduced the price...
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Tesla 'Bringing A Machine Gun To A Knife Fight,' Canaccord Genuity Analyst Says
Monday, April 12, 2021 - 3:32pm | 333Canaccord Genuity upgraded Tesla Inc (NASDAQ: TSLA) for three reasons, analyst Jed Dorsheimer said on CNBC's "Squawk On The Street" Monday. The analyst said he expects delivery numbers to lead to greater profitability because of the transition from low-...
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Why This Tesla Analyst Is Turning Bullish
Monday, April 12, 2021 - 11:26am | 284Although Tesla Inc’s (NASDAQ: TSLA) stock valuation is rich, the company seems to have crossed the electric vehicle chasm and is now aggressively foraying into storage, according to Canaccord Genuity. The Tesla Analyst: Jed Dorsheimer upgraded the rating for Tesla's stock from Hold...
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Canaccord Pumps The Brakes On Tesla Following Stock's Huge Run
Wednesday, February 5, 2020 - 12:50pm | 327After the massive spike in Tesla Inc’s (NASDAQ: TSLA) stock so far this year, it’s time for investors “to lock in profits,” according to Canaccord Genuity. The Tesla Analyst Jed Dorsheimer downgraded Tesla from Buy to Hold with an unchanged $750 price target. The Tesla...
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'Leader Of The EV Revolution': 5 Analysts Weigh In On Tesla's Q4 Beat
Thursday, January 30, 2020 - 1:25pm | 802Tesla Inc (NASDAQ: TSLA) exceeded fourth-quarter earnings expectations with a $2.14 adjusted bottom line and $7.38 billion in revenue. Management closed the quarter with $6.3 billion in cash and $1 billion in free cash flow — $1.1 billion better than Morgan Stanley’s $100 million burn...
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Canaccord Lifts Tesla Price Target Above $500 Amid International Opportunity
Thursday, January 2, 2020 - 1:50pm | 392In mid-December, Tesla Inc (NASDAQ: TSLA) broke a previously impenetrable $400 ceiling — and kept climbing. The automaker vindicated patient bulls and prompted some to raise the bar to even more ambitious heights. The Rating Canaccord Genuity analyst Jed Dorsheimer maintained a Buy rating on...
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Mixed Reactions To Tesla's Cybertruck: Is Futuristic Design A Sales Driver Or Just Weird?
Friday, November 22, 2019 - 12:45pm | 751If it's not polarizing, it's probably not coming from Elon Musk and Tesla Inc. (NASDAQ: TSLA). Tesla watchers once again can't agree, this time on Tesla's new "Cybertruck," unveiled to much fanfare on Thursday night. "Blade Runner Design Eye Popping," said one...
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Wall Street Weighs In On Cree's Lackluster Guidance
Wednesday, August 21, 2019 - 12:22pm | 506Cree, Inc. (NASDAQ: CREE) shares tumbled 16% on Wednesday after the chipmaker beat earnings and sales estimates for the fiscal fourth quarter but disappointed Wall Street with a lackluster outlook. Cree reported fourth-quarter adjusted EPS of 11 cents on revenue of $251 million. Both numbers beat...
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'Concerning Trend': Wall Street Weighs In On Tesla's Q2 Earnings
Thursday, July 25, 2019 - 11:52am | 704Tesla Inc (NASDAQ: TSLA) shares plummeted on Thursday after the company reported a much larger-than-expected loss in the second quarter and fell short of consensus revenue estimates as well. Tesla reiterated its full-year vehicle delivery guidance of between 360,000 and 400,000 units and once again...
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Wall Street Analysts Still Divided On Tesla Following Record Deliveries
Wednesday, July 3, 2019 - 11:09am | 705After a brutal start to 2019, Tesla Inc (NASDAQ: TSLA) helped ease investor concerns on Tuesday when the company reported 95,200 vehicle deliveries in the second quarter, slightly above the midpoint of its guidance range and well above consensus Wall Street expectations. Tesla had previously guided...
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Wall Street Weighs In On Tesla's Autonomy Day Presentation
Tuesday, April 23, 2019 - 12:46pm | 571Visionary Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk on Monday laid out an extremely optimistic timetable for Tesla’s autonomous vehicle technology at the company’s Autonomy Investor Day event. Unfortunately for Tesla investors, Wall Street wasn’t particularly impressed by what Musk...
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Everything You Need To Know About Tesla's Model Y
Friday, March 15, 2019 - 10:01am | 1151Tesla Inc (NASDAQ: TSLA) traded lower Friday after unveiling its hyped Model Y. “The Model Y is to the Model X as the Model 3 is to the Model S. A more economical and presumably higher-volume version of Tesla’s X,” Canaccord Genuity analyst Jed Dorsheimer wrote in a note. What We...