Articles for tag: Investing, Mutual Funds

January 26, 2024

Ron Finklestien

KLA Corporation’s Second-Quarter Fiscal 2024 Report KLA Corporation’s Second-Quarter Fiscal 2024 Report

KLA Corporation KLAC reported second-quarter fiscal 2024 non-GAAP earnings of $6.16 per share. This figure beat the Zacks Consensus Estimate by 4.76% but marked a decline of 16.5% year over year. The revenues decreased 16.7% year over year to $2.49 billion, surpassing the Zacks Consensus Estimate by 1.25%. The year-over-year decline in the top line was attributed to softness in the Semiconductor Process Control, Specialty Semiconductor Process, and PCB, Display and Component Inspection segments. Segment Performance In terms of reportable segments, Semiconductor Process Control revenues (88.2% of total revenues) decreased 17.4% year over year to $2.19 billion but increased 3%

January 19, 2024

Ron Finklestien

The Rise of ACM Research: A Beacon in the Semiconductor Equipment Industry

At a time when investors are scouring the market for promising opportunities, ACM Research, Inc. (ACMR) has emerged as a standout choice in the Semiconductor Equipment – Material Service space. The company’s strong earnings estimate revision activity and favorable Zacks Industry Rank position it as a beacon in a sector where others may be struggling to stay afloat. A Rising Tide Lifts All Boats The principle that a rising tide lifts all boats holds true in the stock market as well. The Semiconductor Equipment – Material Service industry, currently ranked at 60 out of more than 250 industries by Zacks,

January 16, 2024

Ron Finklestien

The Andersons (ANDE): Cultivating a Resilient Harvest in 2023

Record-Breaking Performance in Renewables The Andersons, Inc., ANDE, has consistently shown bullish tendencies, culminating in its extraordinary third quarter 2023 results in Renewables. With an impressive Zacks Rank #1 (Strong Buy), the company’s earnings are projected to surge by 32.2% into 2024. This agribusiness firm, which has flourished over an illustrious 77-year history, evolving from a solitary grain elevator to a multifaceted enterprise encompassing commodity merchandising, renewables, and nutrient and industrial specialties, is undoubtedly reaping the rewards of its strategic development. A Record Result for Renewables in the Third Quarter The third quarter earnings report released on Nov 7, 2023,

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