Tag Archives: tsla

Tesla Partner SolarEdge Smashes Q2 Sales, EPS Views; Guides Q3 Up

SolarEdge ( SEDG ) stock rocketed late Wednesday after the Tesla Motors ( TSLA ) partner reported fiscal Q2 sales and earnings that smashed Wall Street expectations, while guiding to Q3 estimates also well above the consensus model. In after-hours trading, SolarEdge stock lit up more than 12%. Shares rose 2.7%, to 27.43 in the regular session in the stock market today . For its fiscal Q2 ended Dec. 31, SolarEdge reported a record $124.8 million in sales and 44 cents earnings per share ex items, up 70% and 267%, respectively, vs. the year-earlier quarter. The consensus of 10 analysts polled by Thomson Reuters had predicted $119.5 million and 36 cents, with the former in line with SolarEdge’s earlier guidance for $118 million-$121 million. SolarEdge doesn’t give EPS guidance. Current-quarter guidance for $121 million-$125 million in sales easily topped analyst views for $117.3 million. On a year-over-year basis, sales would be up 42% at the midpoint of guidance. The consensus had also modeled 35 cents EPS ex items. SolarEdge made its IPO last March, pricing shares at 18. The stock flew 139% to a record high of 43 on June 22, but SolarEdge stock encountered the same valley that plagued other solar stocks in 2015, closing the year up 56.5%. In January, SolarEdge topped Needham analyst Y. Edwin Mok’s list of solar firms for 2016 . Congress’ last-minute extension to the Investment Tax Credit (ITC) on solar freed SolarEdge from having to lower component prices in 2016. Mok now sees a mid-40% growth runway for SolarEdge in 2016. SolarEdge founder and CEO Guy Sella credited a bright strategy and business plan for the company’s Q2 success. “In addition to our revenue growth and increased profitability, this quarter we installed our first HD-wave inverter units, and we commenced shipments of our StorEdge solution,” he said in a statement. SolarEdge stock tops the 22-company IBD Energy-Solar industry group with a 97 Composite Rating out of a best-possible 99. First Solar ( FSLR ) and JA Solar ( JASO ) stocks trail with CRs of 95 and 90, respectively.

Tesla Stock Continues To Lose Spark, Tumbles To 2-Year Low

Loading the player… Electric-car maker Tesla Motors ( TSLA ) was once a high-flying stock, but after months of moving more or less sideways, the stock has now punctured its lowest level in two years. The downturn comes as analysts raise concerns over deliveries and demand, with Pacific Crest downgrading the stock to sell on Wednesday. And on Tuesday Morgan Stanley, which had been very bullish on Tesla in the past, slashed its price target to 333 from 450. Shares plunged 5.1% in heavy volume, hitting their lowest level since February 2014. Shares are now trading about 40% below their July high, reached as the stock failed to break out of a base. Tesla stands apart from other car manufacturers as a luxury electric-car maker, but it has also been at the forefront of the implementation of self-driving technology. Others are in pursuit, including Mobileye ( MBLY ), Alphabet ( GOOGL )-owned Google, Baidu ( BIDU ) and potentially Apple ( AAPL ). Mobileye is trading 60% below its high reached in August. Shares have been seeing heavy volume on many down days. Alphabet dropped 4%, sinking below the key 50-day line in quick turnover and erasing much of its gains from the past four sessions. Alphabet had hit a record high Tuesday intraday. Baidu is trading over 30% below its 52-week high. Shares have been trending lower since November. Apple has also been trending lower for the past several months and is 28% below its April peak. But shares are up today, pushing Apple’s market cap back above Alphabet’s once again after the Google parent grabbed that crown on Tuesday. Tesla reports quarterly earnings in one week.

Tesla Stock Turns Low-Rider Before Earnings, As Demand Questioned

Tesla Motors ( TSLA ) stock plunged almost 7% Wednesday afternoon, after Tuesday skidding 7.2% to its lowest close since May 2014. That’s after analysts cut some views and raised questions on Model X deliveries — and the limits of demand for the popular Model S. In the last hour of Wednesday’s regular session, Tesla stock was down about 6% near 172. The electric car maker is set to report its fourth-quarter earnings after the stock market close Feb. 10. Last week, according to a filing with the Securities and Exchange Commission, Tesla CEO Elon Musk exercised options to buy and hold about $100 million more Tesla stock than he already had, while paying a hefty tax bill (and in effect diluting the stock outstanding). Tesla has interesting times ahead this year: Its planned Model 3 unveil, for one thing. For another, scoping out some kind of partnership in China  so it can set up a car manufacturing plant there. Tuesday, Tesla’s China blog announced a Model X debut for the Chinese market, and invited orders. But for now stateside, analyst outlooks are getting tweaked ahead of that Q4 report. Analysts Tally Tesla In research that circulated Wednesday, Berenberg started Tesla with a sell rating and price target of 165, with analyst Adam Hull mentioning concerns about valuation and competition , and favoring  Daimler ( DDAIF ) and Volkswagen ( VLKAY ), according to a report. In a research note distributed Monday night, Pacific Crest Securities analyst Brad Erickson asked, in his report headline: “Does TSLA Have a Demand Problem?” He wrote that after doing channel checks, he’s more cautious on Tesla stock, and lowered estimates. “We can’t overstate the importance of the March 29 Model 3 unveiling,” he added, referring to the smaller and more affordable vehicle that Tesla is planning, expected to sell for around $35,000. But, “we remain suspicious of underlying demand and would continue avoiding TSLA,” he wrote. Analysts question how soon the Model 3 can roll off the assembly line. There’s potential competition ahead from other automakers — such as General Motors’ ( GM ) long-range Chevrolet Bolt — and maybe at some point an Apple ( AAPL ) car. Erickson noted that Tesla’s Model S sedan, which like the Model X SUV sells for north of $70,000, “may be approaching its run-rate ceiling.” He lowered estimates through 2020, curbing his Tesla revenue outlook from a prior view of $5.325 billion for 2015 to $5.28 billion. For 2020, he sees revenue of $24.273 billion instead of his prior view of $30.775 billion. On Monday, Morgan Stanley analyst Adam Jonas slashed his target price on Tesla stock to 333 from 450, reports noted, citing concerns about extra costs tied to the Model X launch delay. The recently debuted crossover SUV is Tesla’s third vehicle after the Roadster sports car and Model S sedan. Jonas cut his view for Tesla’s overall 2016 vehicle deliveries to a little over 70,000 units — 56,000 of the Model S and 15,000 of the Model X — down from his previously forecast 18,500, a press report said. Global Equities Research analyst Trip Chowdhry said in a Jan. 31 research report that 30,000 people have so far reserved the Model X. He wrote that “Model X production is still probably between 250 and 300 units per week” with the focus seeming to be “to get the quality right, rather than immediately ramp up production.” Stifel analyst James Albertine rates Ford ( F ) and Tesla as buy, with a $193.56 price target for Tesla, as of a Jan. 27 research note. Tesla stock is down 28% this year, and not highly ranked by IBD, with a Composite Rating of 30 out of a possible 99. That’s after an 8% Tesla stock gain in 2015, a 48% rise in 2014, and a 344% gain in 2013. Analysts polled by Thomson Reuters are looking for, on average, EPS of 10 cents in Tesla’s Q4 report, up from a 13-cent loss a year ago. They see a $1.27 loss for 2015, then project EPS of $1.71 for 2016. Fourth-quarter 2015 sales are anticipated at $1.79 billion, up 64%, with 2015 coming in at revenue of $5.35 billion and 2016 at $8.62 billion. RELATED: CEO Elon Musk Adds Huge Tesla Stock Stake Ahead Of Earnings . With Tesla Earnings Ahead, Truck Could Follow Model 3 .