All Reports

This morning, Uber Technologies (UBER; $25.78; O/P) announced a new on-demand and scheduled grocery delivery partnership with Meijer for consumers located in the Midwest of the U.S. (Illinois, Indiana, Kentucky, Michigan, Ohio, Wisconsin). We think…

Yesterday after the close, Aptiv (APTV; $93.87; E/W) announced that Benjamin Lyon has been appointed Senior Vice President and Chief Technology Officer (CTO), succeeding Glen De Vos, who has served as Senior Vice President and…

This morning, Hyzon Motors (HYZN; $1.80) disclosed in an 8-K that it entered into an agreement to acquire the remaining 49.5% of the issued and outstanding shares of its Hyzon Europe joint venture (JV) from…

Yesterday (12/14), the California Energy Commission (CEC) approved $2.9B of funding aimed at accelerating the rollout of electric vehicle (EV) charging and hydrogen refueling infrastructure over the next four years, which we think bodes well…

Earlier this week (12/13), Corning (GLW; $32.74; E/W) announced it is building on its existing partnership with LG Electronics (066570.KR; W88,700; NR) and is now providing new sustainable cover glass solutions for curved interior auto…

This morning, the European Automotive Manufacturers Association released car registration data from the region for the month of November, which we think suggested some recent improvements in local component availability. However, per our recent industry…

We reiterate our Outperform on the shares of Jabil (JBL; $69.22) as we bump up F2023E (Aug) EPS from $8.25 to $8.40 (+10% YoY) and adjust F2024E EPS from $9.00 to $9.20 (+10%) after FQ1…

Jabil (JBL; $72.60; O/P) reported FQ1 (Nov) “core” non-GAAP EPS of $2.31, which was ahead of our $2.25 and the Street’s $2.24 on sales of $9,635mm (vs. our $9,300mm and the Street’s $9,290mm). As per…

The shares of Lyft (LYFT; $11.89; O/P) and Uber Technologies (UBER; $27.47; O/P) have outperformed over the past week, including yesterday in a down market (+3% and +2%, respectively), which we find interesting into a…

Earlier this week (12/12), Lyft (LYFT; $11.60; O/P) announced in a blog post it will be offering drivers on its network easier access to electric vehicles (EVs) and charging infrastructure as part of a path…

We think recent news flow continues to point to healthy project activity around hydrogen refueling infrastructure as well as provide further evidence for the idea that hydrogen fuel cell electric vehicle (FCEV) technology is “taking…

We think recent news from privately-held FreeWire Technologies further supports the idea that the “long software revenue tail” embedded within charging hardware sales strategies is still not well appreciated by investors, especially as it provides…

This morning, Tritium (DCFC; $1.28; O/P) announced plans in a 6-K for a business update in the “latter half” of January, including an Analyst Day. Importantly, the company plans to host the meeting at its…

This morning, TE Connectivity (TEL; $122.86; E/W) announced that its Board approved a 5% increase in its quarterly dividend from $0.56 to $0.59 for the four quarters starting in April of C2023 or the start…

We reduce our Q4E and 2023E EPS for Aptiv (APTV; $93.46; E/W) to better account for recent vehicle production volatility in China, the “long tail” of semiconductor constraints, plus YoY currency headwinds while further de-risking…