All Reports

Yesterday, Nextracker (NXT; $55.88; E/W) announced it has now deployed more than 10GW of solar tracker projects in India, which is becoming a significant market even when compared to the company’s total tracker shipments of…

Our review of Corning’s (GLW; $49.49; O/P) recently filed 10-Q, along with positive news flow and data points out of the optical supply chain from the last few weeks provide further support for our Outperform…

Last Friday (5/23), Bloomberg reported that CommScope (COMM; $6.08; E/W) is considering the sale of its Connectivity and Cable Solutions business or CCS, which we think represents 65% of the company’s 2025E sales and 75%…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of April, which was a bit above seasonal trends and included some generally positive battery electric vehicle (BEV)…

We reiterate our Outperform while raising our F2026E (Jun) EPS from $9.25 to $9.80, and our target from $130 to $140 on the shares of Seagate (STX; $108.86) after attending its Analyst and Investor Event…

We assume the shares of Dell Technologies (DELL; $111.95; O/P) still offer a favorable risk/reward into its FQ1 (Apr) results next Thursday (5/29 after market), even after its 49% rally since April 7th, since we…

We remain comfortable with our estimates for NetApp (NTAP; $101.50; E/W) ahead of its FQ4 (Apr) results and outlook, scheduled for Thursday, May 29th (after market). We think recent enterprise storage spending trends have been…

Yesterday (5/20), we listened in on a second day of keynotes out of Dell Technologies World led by Dell’s (DELL; $114.23; O/P) Chief Operating Officer Jeff Clarke, plus Arthur Lewis, President, Infrastructure Solutions Group, and…

Earlier this week, Western Digital (WDC; $51.47; O/P) announced, as part of its attendance at the COMPUTEX trade show in Taiwan, a new set of product innovations aimed at “retooling” its Platforms business. Recall, WDC…

This morning, Sanmina (SANM; $81.37; O/P) announced it signed a definitive agreement to acquire ZT Systems’ data center infrastructure manufacturing business from Advanced Micro Devices (AMD; $114.74; NR) for up to $3B of total considerations…

Earlier today, we listened in on the Dell Technologies World keynote from Dell’s (DELL; $114.28; O/P) CEO Michael Dell in Las Vegas where the company highlighted a range of new and existing product innovations, discussed…

Last night, Sensata (ST; $27.32; E/W) disclosed in an 8-K filing that CFO Brian Roberts, who has served in his current role only since October of 2023, resigned from the company to “pursue other opportunities”….

Yesterday (5/14), Uber Technologies (UBER; $89.79; E/W) announced a strategic partnership with iFood, an on-demand delivery platform in Brazil, which is aimed at providing an easier on-demand rideshare and delivery experience for consumers in the…

Last night, Plexus (PLXS; $132.09; E/W) announced that its Board authorized a $100mm increase to its share repurchase program. By comparison, PLXS’ market cap is $3.7B and the company disclosed that it had $18mm remaining…

We reduce our rating on the shares of Nextracker (NXT; $55.04) from Outperform to Equal-Weight with the stock now up ~50% YTD, albeit mostly in the past month or so, and since F2026E (Mar) guidance…