All Reports

We are fine tuning our 2023/2024E EPS for Corning (GLW; $32.22; E/W) from $1.80/$2.15 to $1.78/$2.13 to better consider likely sales pressures on Environmental Technologies (12% of 2023E sales and 16% of EBIT ex-corporate) for…

We think recent news flow continues to point to healthy project activity aimed at emerging needs for a range of hydrogen refueling infrastructure, in turn providing support for the idea that hydrogen fuel cell electric…

The shares of NetApp (NTAP; $75.03; E/W) are up 13% (vs. +5% for the S&P 500) post FQ4 (Apr) results on 5/31 despite ongoing top line pressures (e.g., down low-to-mid-single digits in F2024E) and limited…

This morning, TE Connectivity (TEL; $129.49; E/W) announced a public tender offer for all outstanding shares of Schaffner (SAHN.CH; CHF493.00; NR), which produces electromagnetic capability (EMC) filters, harmonic filters, and other electromagnetic components for certain…

Our latest look at aggregate inventories up and down the supply chain, across OEMs, component makers, electronics manufacturing service (EMS) providers and distributors (27 companies with $82B in annual inventories ex-Apple at the end of…

Yesterday (8/10), the California Public Utilities Commission voted in favor of allowing General Motors’ (GM; $33.86; NR) Cruise and Alphabet’s (GOOGL; $129.24; NR) Waymo to offer paid Automated Mobility on Demand (AMoD) rides in autonomous…

This morning, Lyft (LYFT; $10.85; E/W) disclosed in a blog post that its Media division (dedicated media and advertising business) is rolling out personalized ads across the Lyft ridershare app through a partnership with Rokt….

We think this morning’s news that Serve Robotics is in the process of finalizing an IPO by merging with unlisted special purpose acquisition company (SPAC) Patricia Acquisition further highlights Uber Technologies’ (UBER; $44.70; O/P) commitment…

We move our rating on the shares of Tritium (DCFC; $1.18) from Outperform to No Rating given that the stock continues to trade below $5, which we think leaves it at “tough to call” levels,…

We think recent news flow out of Nextracker (NXT; $41.14; E/W), as well as yesterday’s CQ2 results from industry peer Array Technologies (ARRY; $22.42; NR), which admittedly came with some “puts and takes”, further highlight…

Yesterday (8/8), ChargePoint (CHPT; $7.90; O/P) announced “significant” investments in a range of software and solutions aimed at ensuring nearly 100% battery electric vehicle (BEV) charger uptime. We think this announcement highlights how the company…

We continue to see net positive indicators that bode well for battery electric vehicle (BEV) charger demand, especially when it comes to direct current (DC) fast chargers, which should further benefit the prospects for ChargePoint…

We adjust our 2023E EBITDA forecasts for Lyft (LYFT; $11.56; E/W) from $233mm (5.6% of sales) to $190mm (4.4% of sales) after the company produced somewhat of a Q2 beat, albeit accompanied by some relatively…

We adjust our 2023E EBITDA forecasts for Lyft (LYFT; $11.56; E/W) from $233mm (5.6% of sales) to $190mm (4.4% of sales) after the company produced somewhat of a Q2 beat, albeit accompanied by some relatively…

Lyft (LYFT; $11.56; E/W) reported Q2 sales of $1,021mm (+2% QoQ and +3% YoY), which compared to our $1,000mm and the Street’s $1,022mm. Adjusted EBITDA was a profit of $41mm (4.0% of sales), which was…