All Reports

On Friday (9/20), ChargePoint (CHPT; $1.37; E/W) disclosed it received $19mm+ in awards, through its partners, to deploy 248 direct current fast charging (DCFC) ports at 45 sites along certain highways in California. These awards…

We think recent news out of Maplebear, doing business as Instacart (CART; $42.14; E/W), provides further support for longer term operating leverage available to the company from its advertising offering ($910mm of LTM sales or…

We think the shares of Micron (MU; $89.40; O/P) will prove oversold when the company reports FQ4 (Aug) results and outlook on Wednesday (9/25 after market). Admittedly, Micron is now seeing inventory builds in the…

We reiterate our Outperform on the shares of Corning (GLW; $44.43) after visiting its largest optical fiber manufacturing facility yesterday (9/19) in Concord, NC. During our visit we heard presentations from and had offline discussions…

Yesterday, the European Automobile Manufacturers Association released new car registration data from the region for the month of August, which was basically in line with typically weak MoM seasonal trends. At the same time, registrations…

We assume Street forecasts are set appropriately for Jabil (JBL; $107.85; O/P) ahead of the company’s FQ4 (Aug) results and outlook next Thursday (9/26 before market), which will include a Seventh Annual Investor Briefing and…

Yesterday after the close (9/17), TE Connectivity (TEL; $145.77; O/P) disclosed in an 8-K that it is reorganizing its management and reporting segment structure, beginning with its upcoming FQ1E (Dec), to better align with the…

We reiterate our Outperform and $40 target on the shares of Flex (FLEX; $30.85) after visiting its facilities in Guadalajara, Mexico with investors yesterday (9/17). The plant tours and discussion with management, including Interim CFO…

This morning, Hyzon Motors’ (HYZN; $2.36) announced the start of production of its Class 8 200kW fuel cell electric truck. At the same time, Hyzon also disclosed that it expects to announce that its proprietary,…

This morning, Uber Technologies (UBER; $71.40; O/P) announced it is expanding on its partnership with Alphabet’s (GOOGL; $157.41; NR) Waymo to deploy autonomous vehicles (AVs) powered by Waymo’s autonomous driving system (Waymo Driver) on Uber’s…

Yesterday (9/12), we attended Belden’s (BDC; $100.93; E/W) Investor Day, which was held in Chicago, at one of its Customer Innovation Centers (CIC), to further highlight the company’s thoughtful focus on expanding its mix of…

On Tuesday (9/10), we attended Lucid Motors’ (LCID; $3.98; E/W) Technology & Manufacturing Day in Casa Grande, AZ, which included a presentation by CEO and CTO Peter Rawlinson that provided further support around the company’s…

We reiterate our Outperform and $75 target on the shares of Celestica (CLS; $45.32) after hosting investor meetings on Tuesday (9/10) in New York for CFO Mandeep Chawla and Craig Oberg, VP of IR and…

This morning, Mobileye Global (MBLY; $11.50; E/W) announced, following a “regular review” of the company’s long-term technology roadmap, that it is no longer internally developing next-generation frequency modulated continuous wave (FMCW) LiDAR sensors for use…

We are raising our F2025E (Jun) EPS for Seagate (STX; $100.81; E/W) from $7.00 to $7.18 after CFO Gianluca Romano offered up a positive FQ1E (Sept) update at an investor conference earlier this week. Specifically,…