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JPMorgan Downgrades Cree On Valuation
Thursday, April 29, 2021 - 3:24pm | 243Although Cree, Inc. (NASDAQ: CREE) reported its fiscal third-quarter results in-line with expectations and announced mixed guidance for its fiscal fourth quarter, which “leaves the narrative unchanged,” the stock valuation appears rich, according to JPMorgan. The Cree Analyst: Paul...
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JPMorgan Turns Bullish On Plug Power, Predicts 'Meaningful Share Of Future Hydrogen Economy'
Monday, March 1, 2021 - 1:22pm | 414Plug Power Inc (NASDAQ: PLUG) shares were rallying Monday after the struggling alternative energy stock got a major Wall Street upgrade. The Plug Power Analyst: JPMorgan analyst Paul Coster upgraded Plug from Neutral to Overweight and reiterated a $65 price target. The Plug Power...
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JPMorgan Upgrades Hewlett Packard Enterprise On Valuation
Friday, January 15, 2021 - 5:55pm | 238Hewlett Packard Enterprise Co (NYSE: HPE) reported two upbeat quarters in the second half of fiscal 2020 and is poised to benefit as enterprise IT spending recovers in 2021, according to JPMorgan. The Hewlett Packard Enterprise Analyst: Paul Coster upgraded Hewlett Packard Enterprise from...
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JPMorgan Says Hydrogen Stock Plug Power Trades At 'Steep Price,' Downgrades FuelCell Energy
Thursday, January 14, 2021 - 5:05pm | 413Hydrogen power company Plug Power Inc (NASDAQ: PLUG) is both a first mover and fast mover in the hydrogen fuel cell space, but the stock trades a "steep price," according to JPMorgan. The Plug Power Analyst: Paul Coster initiated coverage of Plug Power with a Neutral rating and $60 price...
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JPMorgan Lowers Nikola Price Target, Sees 'Execution Risk Associated With A Tarnished Brand'
Monday, December 28, 2020 - 2:17pm | 271Although there are reasons to be constructive heading into 2021, JPMorgan is lowering its estimates for Nikola Corporation’s (NASDAQ: NKLA) gross margins to reflect the “lack of scale in the first 18 months of truck sales,” the sell-side firm said Monday. The Nikola Analyst...
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JPMorgan Bullish On FuelCell Energy's Positioning In Clean Energy Shift
Thursday, October 8, 2020 - 11:12am | 288FuelCell Energy Inc (NASDAQ: FCEL) has recently strengthened its balance sheet and seems poised to return to profitability “by converting project backlog into recurring revenues,” according to JPMorgan. The FuelCell Energy Analyst: Paul Coster initiated coverage of FuelCell Energy with...
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Nikola Trades Higher After JPMorgan Upgrade: 'A Story-Stock, But..."
Wednesday, July 8, 2020 - 9:10am | 254Nikola Corporation (NASDAQ: NKLA) shares are trading higher after JPMorgan upgraded the company's stock from Neutral to Overweight and announced a $45 price target. "In our view, Nikola is currently a story-stock, but we are on board as long as the company executes to plan, and providing...
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JPMorgan Downgrades NCR, Projects Limited Catalysts In Year Ahead
Monday, March 25, 2019 - 10:27am | 289While NCR Corporation’s (NYSE: NCR) stock appears “attractively valued,” JPMorgan projects limited upside in the next six to 12 months, with only a gradual mix-shift toward software and SaaS. The Analyst JPMorgan’s Paul Coster downgraded NCR from Overweight to...
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Despite 'Solid' Q2, JPMorgan Downgrades Synaptics
Friday, February 8, 2019 - 3:19pm | 349Touchpad and biometrics developer Synaptics, Incorporated (NASDAQ: SYMC) reported Thursday with "solid" second-quarter results, but a lack of visibility prompted JPMorgan to drop its bullish stance on the stock. The Analyst JPMorgan's Paul Coster downgraded Synaptics from...
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With A Take-Private Deal Still In Play, JPMorgan Downgrades Canadian Solar On Valuation
Monday, October 22, 2018 - 12:32pm | 393Shares of solar energy manufacturer Canadian Solar Inc. (NASDAQ: CSIQ) have surged over 24 percent since June on higher gross margins, strong growth and relaxed tariffs. The Analyst JPMorgan analyst Paul Coster downgraded Canadian Solar from Neutral to Underweight and reiterated a $15 price...
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Cree's 31% Dip Triggers JPMorgan Upgrade On Valuation
Tuesday, October 9, 2018 - 11:47am | 415Cree, Inc. (NASDAQ: CREE) — a manufacturer of semiconductor products for power and radio-frequency applications and LED lighting — has seen its shares slump 31 percent since early August, rendering a more balanced risk-reward profile, according to JPMorgan. The Analyst Analyst...
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JPMorgan Cites Lack Of Catalysts In HP Downgrade
Friday, October 5, 2018 - 11:59am | 388Shares of HP Inc (NYSE: HPQ) have gained nearly 25 percent since the start of 2018 and now may be a good time for investors to take some of their profit off the table, at least according to JPMorgan. The Analyst JPMorgan's Paul Coster downgraded HP from Overweight to Neutral with a price...
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JPMorgan Cites Uncertainty In Xerox Downgrade
Monday, May 14, 2018 - 10:12am | 389Xerox Corp (NYSE: XRX) confirmed late Sunday it has terminated its planned merger with Fuji-Xerox, a move that prompted JPMorgan to downgrade the stock. The Analyst JPMorgan's Paul Coster downgraded Xerox from Overweight to Neutral with an unchanged $38 price target. The Thesis Xerox...
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First Solar A Buy On Series 6 Potential, JPMorgan Says In Upgrade
Thursday, May 10, 2018 - 2:20pm | 302As it stands on its own, First Solar, Inc. (NASDAQ: FSLR) looks pretty, but an unsightly backdrop lessens its appeal. One analyst is buying — cautiously. The Rating JPMorgan analyst Paul Coster upgraded First Solar from Neutral to Overweight and increased the price target from $74 to...
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JPMorgan Downgrades Canadian Solar On Valuation Concerns
Tuesday, March 27, 2018 - 11:58am | 411Canadian Solar Inc. (NASDAQ: CSIQ) stock has been on quite a run in 2018, but one Wall Street analyst said the stock could have run out of power. The Analyst JPMorgan analyst Paul Coster downgraded Canadian Solar from Neutral to Underweight and reiterated a $17 price target. The Thesis...