After-hours movers: PacWest tanks on possible sale, Qorvo gains on EPS
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Deutsche Bank Upgrades SolarEdge Technologies (SEDG) to Buy, 'previous concerns on costs have faded'
May 4, 2023 4:06 PM EDTDeutsche Bank analyst Corinne Blanchard upgraded SolarEdge Technologies (NASDAQ: SEDG) from Hold to Buy with a price target of $375.00 (from $305.00).
The analyst comments "We upgrade SolarEdge to BUY rating (PT $375, 30% upside). We are increasingly constructive on the name, given previous concerns around cost... More
MercadoLibre (MELI) shares slide despite Q1 profit and revenue rising
May 4, 2023 2:27 PM EDTMercadoLibre (NASDAQ: MELI) reported first-quarter earnings after the close Wednesday, beating top and bottom-line consensus estimates.
The online marketplace firm reported Q1 EPS of $3.97, $1.16 better than the analyst estimate of $2.81, while revenue which grew 58.4% year-over-year, came in at $3 billion versus the consensus estimate of... More
Wall Street analysts positive on SolarEdge Technologies (SEDG) following earnings beat
May 4, 2023 10:58 AM EDTSolarEdge Technologies (NASDAQ: SEDG) shares jumped more than 8% Thursday on the back of its latest earnings release, which saw it beat top and bottom line estimates.
The company reported Q1 EPS of $2.90, $0.96 better than the analyst estimate of $1.94, while revenue for the quarter came in at $943.9 million versus the consensus estimate of $932.83 million.
Shares of SolarEdge are currently trading at just under... More
BofA Securities Drops Coverage on Western Alliance (WAL), 'Trading in Negative Feedback Loop', 'No Longer Trading on Fundamentals'
May 4, 2023 6:11 AM EDTBofA Securities Drops Coverage on Western Alliance Bancorporation (NYSE: WAL), 'Trading in Negative Feedback Loop', 'No Longer Trading on Fundamentals'
... More
