All Reports

Earlier today, Uber Technologies (UBER; $37.92; O/P) rolled out a range of new and complementary product features across both its Mobility and Delivery businesses (50% and 45% of 2023E gross bookings) as part of the…

This morning, Sensata (ST; $41.00; O/P) announced the launch of a new compact battery management system (BMS), under the “catchy” branding of c-BMS24X. More to the point, Sensata believes its new BMS meets demanding requirements…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of April. Overall, European vehicle registrations in April (~20% of global demand) were down only 10% MoM, or…

Last night, Lyft (LYFT; $8.24; E/W) announced CFO Elaine Paul, who just joined in January of last year, is now stepping down from her role effective Friday (5/19). This news does not come entirely as…

Our latest look at aggregate inventories up and down the supply chain, across OEMs, component makers, EMS providers and distributors (27 companies with $84B in annual inventories ex-Apple exiting CQ1), pointed to new levels of…

Polestar Automotive (PSNY; $3.34; O/P) lowered its full 2023E vehicle deliveries outlook from ~80K (+55% YoY) to 60-70K (+16-36% YoY) with the release of its Q1 results, which also included a range of other “puts…

We raise our F2024/F2025E (Mar) EPS for Nextracker (NXT; $35.44; E/W) from $1.20/$1.50 to $1.45/$1.75 after some healthy FQ4 (Mar) upside that came with guidance, which we think goes a long way to supporting its…

This morning, Tritium (DCFC; $1.03; O/P) offered up a positive update to its C2023E outlook, which we think reflects ongoing robust demand for its DC fast and ultra-fast chargers on top of solid execution around…

We reiterate our Outperform on the shares of Flex (FLEX; $21.14) after its healthy FQ4 (Mar) “beat and raise” even after considering the initially dilutive impacts from the recent IPO of Nextracker (NXT; $33.23; E/W)….

Flex (FLEX; $21.14; O/P) reported FQ4 (Mar) adjusted EPS of $0.57, which was well ahead of our consensus matching $0.51 on sales of $7,447mm that also beat our $7,231mm and the Street’s $7,222mm. By comparison,…

Last Friday (5/5), Belden (BDC; $80.76; O/P) opened a new Customer Innovation Center (CIC) in Chicago, as per plan. This is on top of its three other CIC locations in Stuggart, Germany (opened 2021), Santa…

We move our EBITDA forecasts higher for Proterra (PTRA; $1.46; O/P) after it reiterated 2023E sales targets of $450-500mm (+45-61% YoY) along with expectations that gross margins improve meaningfully in coming quarters as it ramps…

We think post-earnings news flow around Uber Technologies’ (UBER; $38.33; O/P) Delivery business, which we estimate generates 45% of 2023E gross bookings, provides further support for the idea that the company’s “get anything, anywhere” ambitions…

This morning, Volkswagen’s (VOW.DE; €153.55; NR) Porsche brand announced it entered into a strategic partnership with Mobileye Global (MBLY; $41.46; E/W) in which Porsche plans to integrate automated assistance and navigate on-pilot functionality into future…

Lucid Group (LCID; $7.11; O/P) delivered 1,406 vehicles in Q1, which generated $149mm of revenues for the company, as it also produced 2,314 vehicles during the quarter. By comparison, we were modeling Lucid Air sales…