All Reports

Yesterday (9/23), Flex (FLEX; $58.05; O/P) announced it is expanding its data center cooling portfolio with the launch of a new modular rack-level coolant distribution unit (CDU), which we think provides further support for the…

We raise our F2026E (Aug) EPS for Micron (MU; $167.32; O/P) from $12.95 to $16.50 (+99% YoY from $8.29 in F2025 and vs. a prior record of $11.95 in F2018) after the company produced a…

On Monday (9/22), we hosted a virtual investor meeting with Sensata’s (ST; $30.68; E/W) still relatively new CEO Stephan von Schuckmann, who joined the company on January 1st, and recently-appointed CFO Andrew Lynch, who has…

This morning, Lumen Technologies’ (LUMN; $6.45; NR) announced plans to accelerate its “multi-billion” dollar investment strategy aimed at expanding its network due to increasing artificial intelligence (AI) demand, which we view as incrementally bullish for…

We are raising our target on the shares of Lyft (LYFT; $22.17; O/P) from $19 to $26. We think the recent rally in the stock makes sense (e.g., +42% over the past month), given our…

Yesterday (9/18), Uber Technologies (UBER; $97.68; E/W) announced a partnership with Flytrex to pilot the use of drones for Uber Eats deliveries in certain U.S. markets by the end of this year. As part of…

We are raising our outdated target from $160 to $200 on the shares of Micron (MU; $169.24; O/P) ahead of its FQ4 (Aug) results and guidance, scheduled for Tuesday (9/23 after market). Admittedly, there is…

We reiterate our Outperform and $255 target on the shares of Jabil (JBL; $213.64) ahead of its FQ4 (Aug) print and Eighth Annual Investor Briefing, scheduled for next Thursday (9/25 before market), which management has…

We think recent news flow out of Belden (BDC; $128.89; E/W) related to the company’s networking and connectivity solutions for more advanced data center markets, where the company’s exposure historically has been limited, highlights how…

Yesterday (9/16), Flex’s (FLEX; $56.54; O/P) Power Modules subsidiary, a producer of advanced printed circuit board (PCB) mounted DC/DC converters, announced it is partnering with Renesas Electronics (6723.JP; ¥1,749.50; NR) to produce next-generation board-mounted power…

Last week, we traveled to the RE+ 2025 conference in Las Vegas, along with 40K+ other attendees, where we sat in on industry talks, walked the trade show floor and spoke with managers representing solar…

We attended the RE+ 2025 conference this week in Las Vegas, where we had a chance to stop by TE Connectivity’s (TEL; $209.82; O/P) trade show booth, which further highlighted recent advancements around the company’s…

We are raising our target on the shares of Corning’s (GLW; $77.04; O/P) from $75 to $90 to reflect our further confidence in the company’s financial prospects for at least the next 2-4 quarters given…

We reiterate our Outperform and raise our target from $130 to $145 on the shares of Amphenol (APH; $119.47) after hosting an investor meeting earlier this week at its headquarters in Wallingford, CT with CEO…

Earlier this week, we attended the RE+ 2025 conference in Las Vegas where we joined Nextracker’s (NXT; $67.44; E/W) Analyst Briefing, which included some prepared remarks from CEO Dan Shugar and CFO Chuck Boynton. Overall,…