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Wells Fargo has initiated coverage on Shoals Technologies Group (NASDAQ: SHLS) with an Equal Weight rating and set a price target of $6.00 per share. The firm’s analysis is based on a discounted cash flow (DCF) model and considers the company’s potential for growth through expansion into new markets. Shoals Technologies, which currently derives the majority of its revenue from utility solar projects, is looking to diversify its business by entering new markets over the coming years. These new ventures include international markets, community, commercial, and industrial (CC&I) projects, battery energy storage, and data center wiring. The company aims to…

TUSCALOOSA, Ala. (WBRC) – Parks in the City of Tuscaloosa are in overdrive when it comes to renovations as the city has invested millions of dollars in upgrades.If it seems like there’s been one ribbon cutting after another at Tuscaloosa-area parks that’s because several parks have reopened after being closed.Kaulton Park on the city’s west side and Snow Hinton Park on McFarland Boulevard just reopened.That’s after being closed for several months in Kaulton’s case, and nearly a year when it comes to Snow Hinton.The city spent almost $2.5 million upgrading Kaulton Park. “It’s just completely different from when I lived…

Although the market is still hitting record highs, many stocks are still good buys. The key isn’t to look at where the market is now; it’s to look at where some stocks may be heading if they can keep up their growth trajectory.If these four can maintain their general direction, they’ll continue rising faster than the market, which makes them excellent buys now.1. Taiwan Semiconductor ManufacturingRegardless of where you look in the tech sector, you’ll find that highly sophisticated chips are within every device. It doesn’t matter if a GPU is being used for training artificial intelligence (AI) models or…

Taipei, Taiwan, Oct. 14, 2024 (GLOBE NEWSWIRE) — Committed to building a “green energy-driven, AI-native decentralized infrastructure,” the innovative platform Zen42.ai has officially joined Mobii Green Energy’s New Zealand Green HI-City project. Led by Mobii… Source link

Image source: Getty Images Greggs‘ (LSE: GRG) shares have fallen 13% in the past month. This flaky run comes after the FTSE 250 bakery chain reported a slowdown in sales in the third quarter. Despite this pullback, the stock’s still returned 78% over five years, including dividends. That market-beating gain’s been driven by a 75% increase in the firm’s revenue and a more than doubling of profits. But what about the future? Here are the latest growth forecasts for the next few years. City estimates If forecasts prove correct, Greggs’ revenue and earnings will keep chugging higher. This could lay…

On Monday, Morgan Stanley adjusted its stance on Caterpillar Inc. (NYSE:), shifting its rating from Equal-weight to Underweight and revising its price target to $332 from the previous $349. The firm highlighted growing evidence of a potential downturn in the de-stocking of U.S. construction equipment as a key reason for the downgrade. The downgrade comes amid concerns about U.S. Non-Residential construction activity, which Morgan Stanley has been cautious about throughout the year. The firm anticipates that several factors, including optimistic expectations of growth driven by near-shoring, normalizing supply chains leading to better product availability, an increasingly competitive market, and deteriorating…

Editor’s Note: This is the first in a series of articles that challenge the conventional wisdom that stocks always outperform bonds over the long term and that a negative correlation between bonds and stocks leads to effective diversification. In it, Edward McQuarrie draws from his research analyzing US stock and bond records dating back to 1792. CFA Institute Research and Policy Center recently hosted a panel discussion comprising McQuarrie, Rob Arnott, Elroy Dimson, Roger Ibbotson, and Jeremy Siegel. Laurence B. Siegel moderated. The webinar unveils divergent views on the equity risk premium and McQuarrie’s thesis. Subscribe to Research and Policy…

CEO and CIO of Astoria Advisors, John Davi, launched his firm’s third ETF, Astoria US Quality Growth Kings ETF (GQQQ), this October. Source link

As global companies rush to offset emissions, Africa is becoming a focal point in the carbon-credit market, but greater transparency and fairness is needed before this mechanism will benefit the continent as much as much as it does the multinationals. Source link

Image source: Getty Images Even though the FTSE 250 is marginally down over the past month, one growth share in the index has jumped almost 30% over the same period. The clear divergence not only makes me interested in seeing what drove the move, but also could provide me with a solid stock to buy to give my portfolio a boost to end the year. The brief backstory The stock I’m referring to is Carnival (LSE:CCL). Investors will remember that the global cruise line operator was hit exceptionally hard during the pandemic. The confined ship spaces and travel lockdowns meant…