PTRA: CEO Fireside Chat Highlights Competitive Advantages

On Tuesday (6/20), we hosted a “fireside chat” with Proterra’s (PTRA; $1.23; O/P) CEO Gareth Joyce at our Transportation Technology Conference. The discussion highlighted further how extremely important it is to the stock that management…

Evidence of a More Predictable Auto Backdrop

Yesterday (6/21), the European Automobile Manufacturers Association released car registration data from the region for the month of May, which supported our recent checks of more predictable auto supply chains, some better than expected demand…

MBLY: Fireside Chat Highlights Leadership Position

We hosted a “fireside chat” for Mobileye Global’s (MBLY; $36.61; E/W) Chief Communications Officer Dan Galves yesterday as part of our Transportation Technology Conference. The conversation provided support for what we think are MBLY’s well-defined…

ST: Fireside Chat Highlights De-Risked Growth Story

We reiterate our Outperform on Sensata (ST; $44.66) after hosting the company’s VP of Finance and IR, Jacob Sayer, for a “fireside chat” yesterday as part of our Transportation Technology Conference. We think the conversation…

DCFC: Fireside Chat Further Points to an Undervalued Business

We hosted a “fireside chat” yesterday at our Transportation Technology Conference with Tritium’s (DCFC; $1.02; O/P) CFO Rob Topol. The conversation emphasized some highly underappreciated aspects to the company’s business model and its robust future…

CHPT: Misconceptions Create Buying Opportunity

We hosted a “fireside chat” yesterday with ChargePoint’s (CHPT; $7.93; O/P) CEO Pasquale Romano, as part of our Transportation Technology Conference, which we think highlighted a range of significant investor misconceptions around the business we…

MU: Adjusting Near Term Model for CAC Ban

We reduce our below consensus F2023/F2024E (Aug) EPS for Micron (MU; $67.66; E/W), ahead of its FQ3E (May) results and outlook, scheduled for June 28th (after market). Our model changes primarily begin to consider a…

UBER: Moving Ahead at a Fast Pace

This week, Uber Technologies (UBER; $43.36; O/P) added further to a lengthy list of strategic actions taken Q2-to-date, which we see adding further confidence to its ability to continue to generate healthy operating leverage and…

JBL: Riding a Healthy Set of Secular Drivers

We bump up our F2023E (Aug) EPS for Jabil (JBL; $104.64; O/P) after another solid “beat and raise”, driven by its profitable focus on healthy secular trends and working capital benefits from reducing inventories, which…

JBL: First Look at FQ3 (May) Results and Outlook

Jabil (JBL; $99.69; O/P) reported FQ3 (May) “core” or non-GAAP EPS of $1.99, which beat our $1.93 and the Street’s $1.87 on better than expected sales of $8,475mm (vs. our $8,225mm and the Street’s $8,199mm)….

PSNY: Model Mix Magic to Consider

We are adjusting our model for Polestar (PSNY; $3.81; O/P) to better incorporate our expectations around vehicle model mix, which as we have previously highlighted, can be worth ~800bps towards longer term gross margin targets…

GLW: Time to Talk Optionality?

Last Thursday (6/8), Corning (GLW; $32.83; E/W) announced a joint venture (JV) with SGD Pharma that we think aims to add to the company’s potential “optionality” over the next 2-3 years from commercializing core innovation…

Charging Players Flexing to NACS Options

This morning, ChargePoint (CHPT; $8.56; O/P) and Tritium (DCFC; $1.12; O/P) both announced plans to offer their respective hardware solutions with connector options for the North America Charging Standard (NACS), which was developed by Tesla…

UBER: Leveraging Network Further to Go Green

Last week, Uber Technologies (UBER; $40.99; O/P) announced, at its Go/Get Zero event in London, a range of “green” focused initiatives and features for both Mobility and Delivery businesses (50% and 45% of 2023E gross…

PLXS: Plant Tours Highlight Widening Competitive Moat

Last week, we toured two Plexus’ (PLXS; $95.04; E/W) facilities in Appleton and Neenah, Wisconsin where we also spent time with CEO Todd Kelsey, Chief Strategy Officer Steve Frisch, along with Andy Hyatt (Senior VP,…