Articles for category: Investing

January 5, 2024

Ron Finklestien

Elevance Health Invests in Whole Health Elevance Health (ELV) Enhances Whole Health With Paragon Buyout

Elevance Health, Inc. ELV has set its sights on expanding its suite of whole health services through the acquisition of Paragon Healthcare. Specializing in providing life-giving and life-saving injectable and infusible therapies, Paragon Healthcare’s expertise aligns seamlessly with Elevance Health’s commitment to providing low-cost specialty medications and services for members dealing with complex and chronic illnesses. Elevance Health’s strategic move to offer services at in-home as well as ambulatory locations is set to break down barriers to care. The acquisition is expected to further drive revenues for Carelon, ELV’s health services segment, and position the company for significant growth. As

January 5, 2024

Ron Finklestien

Boston Scientific Shows Resilience Amid Global Challenges Boston Scientific Shows Resilience Amid Global Challenges

Boston Scientific continues to forge ahead with its innovative strides, FDA green lights and value-added acquisitions, positioning itself for long-term growth. This foresight, however, comes against a backdrop of tumultuous macroeconomic headwinds, exerting palpable pressure on the company’s performance. At present, the stock holds a Zacks Rank #3 (Hold). Venturing into global territories has been a strategic boon for Boston Scientific. A remarkable 40% of the company’s consolidated revenues for the year 2022 emanated from international markets. Specifically, Boston Scientific has been aggressively bolstering its presence in emerging markets, which offer an array of promises owing to economic conditions and

January 5, 2024

Ron Finklestien

Rexford Industrial Realty, Inc. Pushes Boundaries with $1.5B in 2023 Investments

Rexford Industrial Realty, Inc. REXR has made a bold move in expanding its portfolio by acquiring two industrial properties in prime Southern California submarkets and disposing of one property for $11.3 million in December. The company’s 2023 investments have now reached $1.5 billion, solidifying its position in the market. Additionally, REXR is looking to continue its growth with around $75 million in new investments either under contract or with accepted offers. Strategic Acquisitions in Prime Locations REXR strategically acquired properties in the prime infill Southern California market using a mix of funds from forward equity settlements, cash on hand, and

January 5, 2024

Ron Finklestien

Akoya Biosciences (AKYA) Stock Shines in a Resilient Industry Akoya Biosciences (AKYA) Stock Shines in a Resilient Industry

Amidst the tempestuous seas of the stock market, one particular vessel, namely Akoya Biosciences, Inc. AKYA, stands out like a lighthouse on a dark, stormy night. This medical entity, operating in the esteemed domain of Biomedical and Genetics, finds itself in a state of fervent activity, with notable revisions to its earnings estimates. Moreover, its commendable position in the coveted Zacks Industry Rank serves as a testament to its mettle in this tumultuous industry. Akoya Biosciences: An Industry Outlier In the vast expanse of the Medical – Biomedical and Genetics sector, Akoya Biosciences distinguishes itself as an anomaly, displaying noteworthy

January 5, 2024

Ron Finklestien

AAR Corp. Enters Into Multi-Year Distribution Deal With Ontic AAR Corp. Enters Into Multi-Year Distribution Deal With Ontic

AAR Corp. AIR entered into a multi-year agreement with Ontic. Viewed as a significant step forward, the agreement grants AAR the rights to provide a strategic selection of military products to the U.S. government, with exclusivity on specific parts. Simultaneously, Ontic, a reputed supplier of parts and services to the aircraft aftermarket, is poised to enhance its offerings to better assist American warfighters. AAR eagerly anticipates incorporating the Chatsworth, CA facility into its Ontic alliance, a move that is set to bolster its strategic military portfolio. Presently, AAR supports commercial distribution for Ontic’s Creedmoor, NC, plant, as well as military

January 5, 2024

Ron Finklestien

First Solar Strikes Long-Term PPA Deal With Cleantech Solar

First Solar, Inc. FSLR has successfully sealed a 15-year power purchase agreement (PPA) with Cleantech Solar, marking a significant milestone for the renewable energy industry. Under the terms of the agreement, Cleantech Solar will develop 150 megawatts (MW) of photovoltaic (PV) solar and 16.8 MW of wind capacity in India’s Tamil Nadu. The Agreement in Detail Upon full commissioning, expected by the third quarter of 2024, the solar and wind assets of Cleantech Solar are anticipated to supply about 7.3 gigawatt-hours (GWh) of power to First Solar’s cutting-edge 3.3 GW solar manufacturing plant also located in Tamil Nadu. This will

January 5, 2024

Ron Finklestien

Ormat Technologies (ORA) Acquires Renewable Assets for $271M Ormat Technologies Enlarges Renewable Portfolio with $271M Acquisition

Ormat Technologies, Inc. ORA revealed that it has completed the previously announced acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America (EGPNA), a subsidiary of Enel SpA. The purchase price of the equity interest in the portfolio assets amounted to $271 million. According to the agreement, the acquired assets comprise two contracted operating geothermal power plants, one triple hybrid geothermal, solar PV, and solar thermal power plant with a total geothermal capacity of nearly 40 megawatts (“MW”) and Solar PV of 20 MW, two Solar assets with a total nameplate capacity of 40 MW

January 5, 2024

Ron Finklestien

The Airline Industry’s Turbulent Future: A Look at Delta Air vs. Alaska Air

As aviation companies jockey for position, the battle between Alaska Air (NYSE: ALK) and Delta Air (NYSE: DAL) has caught the attention of investors. While both stocks are neck and neck trading at a similar valuation of 0.5x revenues, Delta has demonstrated better revenue growth and profitability. In this analysis, we dissect why we expect ALK to outperform DAL in the coming years. A thorough comparison of historical revenue growth, stock returns, and valuation in an interactive dashboard analysis of Delta Air vs. Alaska Air: Which Stock Is A Better Bet? provides further insight. Although both stocks have seen minimal shifts in value—DAL

January 5, 2024

Ron Finklestien

A Rocky Road Ahead: Navigating Enphase Energy’s Stock Amidst a Sharp Decline

Riding the Rollercoaster: Enphase Energy’s Stock Enphase Energy’s stock (NASDAQ: ENPH) has taken a steep downturn, currently trading at $131 per share, representing a 59% plunge from its pre-inflation shock high of $321 in September 2022. The company, specializing in solar micro-inverters, battery energy storage, and EV charging stations for residential customers, has seen its stock battered by escalating interest rates and significant cost cuts. The company’s Q3 performance was underwhelming, with a 13% year-over-year drop in revenues to $551 million, largely due to volatile macroeconomic conditions and softened demand in key markets. Looking ahead, Enphase Energy faces an uphill

January 4, 2024

Ron Finklestien

3 Small-Caps Delivering Big Gains 3 Small-Caps Delivering Big Gains

Small-cap stocks have gained substantial attention in recent months, a welcome shift for investors seeking opportunities beyond large-caps. While small-caps often exhibit increased volatility, they also hold the potential to deliver significant long-term gains, especially with less analyst coverage allowing for early investment. Exploring the Candidates For investors looking to venture into the small-cap arena, three potential stocks stand out: BrainsWay (BWAY), GigaCloud Technology (GCT), and American Public Education (APEI). All three have demonstrated positive price movements and benefited from optimistic earnings estimate revisions. Image Source: Zacks Investment Research GigaCloud Technology (GCT) GigaCloud Technology Inc. specializes in global end-to-end B2B