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Carvana When Carvana shares dipped lower in after-hours trading following its earnings release, Wells Fargo analyst Zachary Fadem was taken aback, noting we are scratching our heads. The online used car retailer, which has fallen 24% in the last three months, reported better-than-expected retail unit growth and beat his GPU estimate by 6%. It also posted a 50% narrower EBITDA loss than previously expected. As such, Fadem reiterated a Buy rating. In addition, he left the $340 price target as is, suggesting 50% upside potential. Fadem commented, CVNA continues to fire on all cylinders as average weekly units stepped up by +1,600/week (vs. +600-700 in Q3/Q4) suggesting throughput bottlenecks are alleviating, demand remains elevated and underlying business productivity is also tracking better-than-expected. ....
Tesla Inc. (NASDAQ: TSLA) shares jumped more than 8% on Monday to top $500 for the first time, boosted by a huge price target hike from Oppenheimer. The charge for Tesla also followed a positive remark on CNBC from Jim Cramer, who called the company s CEO Elon Musk, the new face of an. Read More. ....
Solar Power benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
The fuel cell sector is still on fire after being reignited on Wednesday. Ballard Power Systems (NASDAQ: BLDP) announced a $6 million deal with Chinese company, Telecom Backup Power Wednesday. Also announced was a deal with Azure to help assemble the final product. More notable than the. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: ....