Friday, April 26, 2024
After finding double bottom support around $46.20, SUN was just upgraded by Piper Jaffray to Overweight from a Neutral rating. The firm now has a price target of $77 a share. They also noted the pullback in the sector has been a “head-scratcher,” as quoted by The Fly, “since yields have recently moved lower and […]
Riot Blockchain (RIOT) soared earlier this week after announcing it produced 491 Bitcoin in the first quarter of the year, a 75% increase year over year. In March alone, RIOT produced 187, an increase of 87% year over year. “By Q4 2022, Riot expects a total hash rate capacity of 7.7 EH/s with a fleet […]
Crypto is on the move with the price of Bitcoin back above $60,000. Ethereum is now up to $2,147. Cardano is up to $1.30. All thanks to rapid adoption of cryptocurrencies by companies all over the world, including Visa, PayPal, Square, MicroStrategy, institutional and retail interest. The best part – the momentum is only growing […]
Nio Inc. (NIO) recently reported it delivered 7,257 vehicles in March 2021, a new monthly record representing a strong 373% year-over-year growth. In addition, NIO delivered 20,060 vehicles in the first quarter of 2021, a new quarterly record representing an increase of 423% year-over-year. Blink Charging Co. (BLNK) ran a bit more this week after President […]
“The supply-and-demand balance for lithium fell into deficit in 2020 for the first time in years, according to commodity analysts at CRU. For 2021, the firm is forecasting lithium demand of about 450,000 metric tons, exceeding supply by roughly 10,000 metric tons,” as noted by The Wall Street Journal. That’s all great news for lithium […]
Electric vehicle charging stocks, like Blink Charging Co. (BLNK) were higher this week. All after President Biden made charging stations a top priority in his $2 trillion infrastructure plans. “AlixPartners estimates $300 billion will be needed to build out a global charging network to accommodate the expected growth of EVs by 2030, including $50 billion […]
After exploding from about $22 to $64.60, the NIO stock price is coming under pressure. When this article was submitted, NIO was trading at $36.13 and falling. All after NIO temporarily halted production activity thanks to a global shortage of semiconductors. “The overall supply constraint of semiconductors has impacted the Company’s production volume in March […]
Gamestop (GME) released fourth-quarter results showing it missed on the top and bottom line, and the company may sell more shares to help fund its transformation. GME earned $1.34 per share on sales of $2.12 billion. The market was expecting EPS of $1.35 on sales of $2.21 billion. “The highly anticipated 4Q20 earnings report from GameStop […]
Digital Turbine (APPS) has become of the most explosive stocks on the market. APPS, which provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, has seen its stock run from a low of $10 to nearly $84 a share since November 2020. From here, APPS could see $100 a […]
Plug Power (PLUG) pulled back in recent days after announcing accounting errors for 2018, 2019, and for the first three quarters of 2020. “Anytime a company needs to restate results, investors shoot first and ask questions later,” said Jeffrey Osborne, a New York-based analyst at Cowen, who maintained a buy-equivalent rating, with a price target […]
