WiseRadar: March 16, 2023.
UiPath Inc. ($PATH)
Wells Fargo maintained an Overweight rating on UiPath Inc. (PATH) and raised its price target to $20. The firm noted that UiPath’s revenue growth and market opportunity are attractive, and that its subscription model provides high visibility and predictability. They also believe the company’s platform can help drive cost savings and efficiency.
Energy Vault Holdings, Inc. ($NRGV)
Energy Vault Holdings, Inc. (NRGV) is a Swiss-based energy storage company that uses innovative technology to store energy from renewable sources. It has seen a significant increase in its stock price in Tuesday’s intraday session, making it one of the top performing industrial stocks. The company is focused on providing reliable, cost-effective energy storage solutions to help reduce emissions and promote a sustainable future.
Hesai Group ($HSAI)
Hesai Group (HSAI) reported fourth quarter earnings of $0.14 per share, missing the estimated $0.09 per share. Revenue was reported at $59.33 million, an increase of 3.7% year-over-year. Despite the lower than expected earnings, the company’s revenue growth was positive.
TORM plc ($TRMD)
TORM plc (TRMD) reported its fourth quarter earnings, with revenue increasing by 8.7% and a profit of $17.3 million. The company’s earnings beat analysts’ expectations, and the stock rose by 4.5%. Despite this, the stock price still fell slightly due to the broader market trend.
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Centrais Eletricas Brasileiras S.A. ($EBR-B)
Centrais Eletricas Brasileiras S.A. (EBR-B) is a Brazilian electric utility company that is the largest electricity producer in the country. It has a large presence in the Brazilian energy market, providing energy to around 60 million people. The company is also investing in renewable energy sources, such as solar and wind, to reduce its environmental impact. EBR-B is well-positioned to benefit from the growing demand for electricity in Brazil.
Destination XL Group, Inc. ($DXLG)
Destination XL Group, Inc. (DXLG) is expecting sales of $550 million to $570 million for FY23. The company’s stock price has increased by over 35% in the past year. DXLG has also seen an increase in customer loyalty and a higher conversion rate. In addition, the company has seen a growth in its online sales. Overall, DXLG is expecting positive financial results for FY23.
ONE Gas, Inc. ($OGS)
One Gas, Inc. (OGS) announced the pricing of a $153.8 million public offering of 2 million shares. The offering was priced at $76.90 per share, and the company will use the proceeds to finance the acquisition of Atmos Energy Corporation. The offering is expected to close on March 12, 2021. This summary provides an overview of One Gas, Inc.’s public offering.
Snap Inc. ($SNAP)
Snap Inc. is a leading social media company that has seen an increase in user growth and revenue. Its stock has also seen an increase in value over the past year. The company has also seen an increase in its advertising revenue, which has helped drive its success. Investors should keep an eye on Snap Inc. as it continues to grow.
Adobe Inc. ($ADBE)
Wells Fargo maintains an equal weight rating on Adobe Inc. (ADBE) and raised its price target to $360. Analysts believe the company is well-positioned to benefit from the digital transformation of businesses and that its Creative Cloud and Document Cloud will drive growth. They also expect Adobe to benefit from increased demand for digital marketing services.
Clarus Corporation ($CLAR)
Clarus Corporation (CLAR) reported a return on capital employed of 8.2%, which is higher than the industry average of 6.7%. The company’s ability to generate profits from its investments is higher than its peers, which indicates a good management of capital and resources. This is a positive sign for investors.
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