All Reports

This morning, the European Automotive Manufacturers Association released car registration data from the region for the month of October, which did not alleviate our concerns regarding European vehicle demand into next year. Recall, Aptiv (APTV;…

Due to a reallocation of resources, Fox Advisors is discontinuing coverage of Bird Global (BRDS – $0.29 – Last Rating: Not Rated – Price Target: NA). Effective immediately, our rating, price target, disclosures and estimates…

Yesterday (11/15), New York City’s Taxi Limousine Commission (TLC) voted to increase the minimum wage standards for Lyft (LYFT; $12.22; O/P) and Uber Technologies’ (UBER; $30.33; O/P) rideshare drivers by the end of this year….

This morning, Micron (MU; $60.00; E/W) announced that it is further cutting DRAM and NAND wafer starts by approximately 20% vs. FQ4 (Aug), which comes after the company previously announced plans to reduce NAND and…

Recent news flow has pointed to important progress on several autonomous vehicle (AV) commercialization roadmaps, which continue to offer viable opportunities for success even after recent management upheaval at TuSimple (TSP; $2.79; NR) and Argo…

Ahead of its FQ3 (Oct) print next Monday (11/21 after market), Dell Technologies (DELL; $42.55; E/W) shares are down 25% YTD (vs. -17% for the S&P 500), even after its 26% rally from mid-October lows,…

We think Q3 results and outlook earlier today from Allego (ALLG; $2.98; NR), which is building out a fast-charging network in Europe, further highlighted robust demand for direct current (DC) fast chargers even in the…

Our most recent survey suggests aggregate inventories up and down the supply chain (27 companies with ~$85B in annual inventories) increased further during CQ3, which is especially worrisome given that most companies we follow saw…

Yesterday (11/9), Tritium (DCFC; $1.61; O/P) announced it signed a new supply agreement with EasyGo, which currently manages and operates ~2,400 battery electric vehicle charging points that are used by 30K+ drivers, both directly and…

The shares of ChargePoint (CHPT; $11.23; O/P) have now retreated 42% since 9/15, most recently driven by an 20% plunge just since 11/2, which interestingly coincided with CQ3 results and outlook from EVgo (EVGO; $6.47;…

We reiterate our Outperform and raise our target from $35 to $37 on the shares of Benchmark Electronics (BHE; $28.69) as we bump up 2023E EPS from $2.30 to $2.40 after attending the company’s Investor…

We think Lyft’s (LYFT; $14.14; O/P) Q3 results and outlook hit the necessary “marks”, especially in the context of the current share price and recent moves by management to reduce its expense base meaningfully in…

Lyft (LYFT; $14.14; O/P) reported Q3 sales of $1,054mm (+6% QoQ and +22 % YoY), which was basically in line with the Street’s $1,056mm and our $1,050mm, along with adjusted EBITDA of $66.2mm (6.3% of…

Earlier this week, we virtually sat in on the keynote presentation at NetApp’s (NTAP; $68.04; E/W) Insight 2022 user conference, led by CEO George Kurian, which highlighted NTAP’s vision for the “evolved cloud” that aims…

This morning, Jabil (JBL; $65.46; O/P) announced that its Board appointed Kenny Wilson as the company’s next CEO, taking over from current CEO Mark Mondello, who will remain on the Board of Directors as Executive…