Ultime notizie per Vestas Wind Systems (OTC:VWDRY) Azioni

Vestas Wind Systems

Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.

VESTAS WIND SYS UNSP/ADR by Vestas Wind Systems A/S

Vestas Wind Systems AS

Vestas Wind Systems (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWDRY#OTC">VWDRY</a>) reported quarterly earnings of $0.21 per share. The company reported quarterly sales of $3.65 billion which beat the analyst consensus estimate of $3.40 billion by 7.26 percent. This is a 25.24 percent increase over sales of $2.91 billion the same period last year.

Earnings

Earnings Beats

News

VWDRY

Vestas Wind Systems Q1 EPS $0.21, Sales $3.65B Beat $3.40B Estimate

Vestas Wind Systems (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWDRY#OTC">VWDRY</a>) released its Q4 earnings on Wednesday, February 5, 2025 at 03:00 AM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Vestas Wind Systems beat estimated earnings by 31.0%, reporting an EPS of $0.21 versus an estimate of $0.16.
Revenue was up $1.42 billion from the same period last year.
<h3>Overview of Past Earnings</h3>
The company missed on EPS by $0.03 in the last quarter, resulting in a 14.000000000000002% drop share price change the following day.

To track all earnings releases for Vestas Wind Systems <a href="https://www.benzinga.com/quote/VWDRY/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Summary: Vestas Wind Systems Q4

Vestas Wind Systems (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWDRY#OTC">VWDRY</a>) announced its Q4 earnings on Wednesday, February 5, 2025 at 03:00 AM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Vestas Wind Systems beat estimated earnings by 31.0%, reporting an EPS of $0.21 versus an estimate of $0.16.
Revenue was up $1.42 billion from the same period last year.
<h3>Overview of Past Earnings</h3>
The company missed on EPS by $0.03 in the previous quarter, leading to a 14.000000000000002% drop share price change the next day.

To track all earnings releases for Vestas Wind Systems <a href="https://www.benzinga.com/quote/VWDRY/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Vestas Wind Systems Q4 Earnings

Vestas Wind Systems (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWDRY#OTC">VWDRY</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.16 by 31.25 percent. This is a 600 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $6.55 billion which beat the analyst consensus estimate of $5.75 billion by 13.91 percent. This is a 27.63 percent increase over sales of $5.13 billion the same period last year.

Vestas Wind Systems Q4 EPS $0.21 Beats $0.16 Estimate, Sales $6.55B Beat $5.75B Estimate

Vestas Wind Systems (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWDRY#OTC">VWDRY</a>) announced its Q4 earnings on Wednesday, February 5, 2025 at 03:00 AM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Vestas Wind Systems beat estimated earnings by 31.0%, reporting an EPS of $0.21 versus an estimate of $0.16.
Revenue was up $1.42 billion from the same period last year.
<h3>Analysis of Past Earnings</h3>
In the previous quarter, the company missed on EPS by $0.03, resulting in a 14.000000000000002% drop change in the share price the following day.

To track all earnings releases for Vestas Wind Systems <a href="https://www.benzinga.com/quote/VWDRY/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Vestas Wind Systems Earnings Analysis: Q4 Recap

Vestas Wind Systems (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWDRY#OTC">VWDRY</a>) released its Q4 earnings on Wednesday, February 5, 2025 at 03:00 AM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Vestas Wind Systems beat estimated earnings by 31.0%, reporting an EPS of $0.21 versus an estimate of $0.16.
Revenue was up $1.42 billion from the same period last year.
<h3>Performance in Previous Earnings</h3>
In the previous quarter, the company missed on EPS by $0.03, resulting in a 14.000000000000002% drop change in the share price the following day.

To track all earnings releases for Vestas Wind Systems <a href="https://www.benzinga.com/quote/VWDRY/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Breakdown: Vestas Wind Systems Q4

Vestas Wind Systems Earnings Report: Q4 Overview

Vestas Wind Systems (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWDRY#OTC">VWDRY</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.09 by 44.44 percent. The company reported quarterly sales of $5.690 billion which beat the analyst consensus estimate of $5.512 billion by 3.23 percent. This is a 20.09 percent increase over sales of $4.738 billion the same period last year.

Earnings Misses

Vestas Wind Systems Q3 2024 GAAP EPS $0.05 Misses $0.09 Estimate, Sales $5.690B Beat $5.512B Estimate

Clean energy jobs grew at <a href="https://www.benzinga.com/news/earnings/24/07/40051107/first-solar-reports-strong-q2-results-eps-beat-sales-up-24">twice the rate </a>of overall jobs in the U.S. in 2023, according to a report from the U.S. Department of Energy (DOE) released on Wednesday.
Jobs in that sector grew by 4.2%, or 142,000 positions, last year, compared to a job growth rate of 2.0% in the overall economy, the 2024 U.S. Energy and Employment Report (USEER) showed.
The report also revealed that unionization rates in clean energy reached 12.4% in 2023, surpassing a unionization rate of 11% for the entire energy sector, which added 250,000 jobs last year.
Clean energy sectors that experienced the greatest growth last year were zero-emission vehicle and renewable energy, as well as transmission, distribution and storage, according to the report.
 "Our policies are working. We are now starting to see the job impacts of investments made through the infrastructure and inflation reduction laws &#8211; first in construction and as America builds more of these factories, we'll see hundreds of thousands more," U.S. Secretary of Energy Jennifer M. Granholm said in a statement.
Read Also: <a href="https://www.benzinga.com/etfs/sector-etfs/24/07/39993019/everythings-bigger-in-texas-lone-star-state-will-build-more-clean-energy-than-next-10-states-com">Everything&#8217;s Bigger In Texas: Lone Star State Will Build More Clean Energy Than Next 10 States Combined</a>
"The data clearly show that clean energy means jobs – good jobs, union jobs, and jobs retained – in communities across the country as we race to dominate the global clean energy economy," Granholm added.
Clean energy jobs grew in all 50 states and the District of Columbia in 2023, led by a 7.7% increase in Idaho, followed by Texas at 6.0%, and New Mexico at 5.9%.
The solar and wind sectors reported respective job growth of 5.3% and 4.5% in 2023, the report stated.
 The DOE projects that the Inflation Reduction Act will double the share of electricity generation from clean sources by 2030, driven by growth in solar and wind. 
The report also said that there were 28,000 jobs in the U.S. last year that involved building new battery and solar module factories, ports for offshore wind, and warehouses to store and transport clean energy products.
&#8220;Thanks to the Biden-Harris administration&#8217;s historic investments, clean energy jobs are booming in every single state,&#8221; AFL-CIO President Liz Shuler said in a statement.
Price Action: Solar and wind companies are trending in both directions as of Wednesday&#8217;s early-morning trading.
<ul>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) declined 0.05% to $122.53</li>
<li>Brookfield Renewables L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) gained 0.16% to $25.05</li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) slipped 1.40% to $182.96</li>
<li>Vestas Wind Systems A/S (OTCPK: VWDRY) ticked up 0.13% to $7.62I</li>
</ul>
Exchange-traded funds that hold these stocks also saw gains and losses on Wednesday morning.
<ul>
<li>IShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) gained 0.21%</li>
<li>First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>) slipped 0.03%</li>
<li>Invesco Solar ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) ticked down 0.42%</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/08/40585808/tesla-energy-highlights-texas-record-breaking-battery-power-milestone-could-powerwall-have-its-momen">Tesla Energy Highlights Texas Battery Power Milestone: Could Powerwall Have Moment In Spotlight?</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund

GRID

iShares S&P Global Clean Energy Index Fund

ICLN

Clean Energy Jobs Grow Twice As Fast As Overall Job Market In 2023: 'Our Policies Are Working'

Manufacturing has long been seen as on the decline in the US. Despite still accounting for well over $2 trillion in GDP, the once foundational sector has been waning since its height in the middle of the 20th century. Through much of the 50s, manufacturing accounted for over 25% of GDP and over 30% of jobs. Today those numbers have fallen to <a href="https://www.mckinsey.com/capabilities/operations/our-insights/delivering-the-us-manufacturing-renaissance">11% and under 8%</a>, respectively.&nbsp;
<h2 class="wp-block-heading">A Competitive Edge?</h2>
The US labor market is extremely competent and generally intelligent. So, what the US lacks in access to cheap labor and access to certain raw materials, it makes up for in the sophistication and technical ability of its manufacturing.
The growing demand by consumers and world governments alike for a sustainable future is driving a surge in green manufacturing and other areas that require the technical sophistication of the US. Renewable energy-producing equipment &#8211; think solar panels and wind turbines &#8211; are made all over the US. Vestas (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWDRY#OTC">VWDRY</a>), for instance, has two major plants in Colorado.
<h2 class="wp-block-heading">Tesla</h2>
Tesla, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) chief, Elon Musk, has famously said, "A factory deserves more innovation and more engineering skill than the product itself.&#8221; He wants to control every aspect of the production process. Tesla has "Gigafactories" all over the country and has plans to establish new facilities.
The company&#8217;s manufacturing prowess has been a catalyst for change, not only in the automotive industry but in the wider context of American manufacturing. Tesla&#8217;s approach to sustainable, eco-friendly production resonated with the changing consumer preferences.
<h2 class="wp-block-heading">Detroit</h2>
Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) formerly known as Fiat Chrysler Automobiles, made headlines when it announced the opening of a state-of-the-art auto plant in Detroit. The decision was extremely significant for a city that was once the heart of American manufacturing and had become the face of its decline.&nbsp;
The new plant was expected to play a crucial role in Stellantis&#8217; efforts to produce a range of vehicles, including electric and hybrid models. With a focus on modern technology and sustainable practices, this venture represents a step towards revitalizing the once-thriving American automotive manufacturing sector.
<h2 class="wp-block-heading">Reshoring</h2>
This process of revitalization for American manufacturing is bringing industry back to the US. Companies left the US in droves to bring their factories to countries with cheap labor pools, but now with the growing need for high-tech capabilities, manufacturing &#8211; and the jobs that come with it &#8211; are coming home.&nbsp; Investors looking to capitalize on this trend can pick individual companies to back or opt for thematic funds &#8211; like The Tema American Reshoring ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSHO#NYSE">RSHO</a>) &#8211; which are dedicated to investing in the companies driving and profiting from this move back to the US.

Tema ETF Trust Tema American Reshoring ETF

RSHO

STLA

TSLA

Two Years After Stellantis Opens Detroit's First Auto Plant in Three Decades, Tesla Gigafactories Dot The U.S. from New York to Texas - Is American Manufacturing Poised for a Renaissance?

Key Takeaways:
<ul>
<li>Xinjiang Goldwind has announced a new tie-up worth nearly $3 billion with the city of Wenzhou involving deep-sea wind power</li>
<li>Move will allow the company to develop technology in a major new emerging area, and also help it diversify geographically beyond its controversial home base</li>
</ul>
By Doug Young
Buckle up for some deep-sea fishing!
Wind energy equipment maker&nbsp;Xinjiang Goldwind Science &amp; Technology Co. Ltd.&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/xjngf#OTC">XJNGF</a>) has just announced a massive new tie-up worth nearly 19 billion yuan ($3 billion) that will see it develop a major deep-sea wind power base with the affluent coastal city of Wenzhou in East China&rsquo;s Zhejiang province.
Most offshore wind power to date has been in relatively shallow waters where generation towers can be anchored to the ocean floor, much like traditional onshore generators. But this newer form uses floating equipment to house such generators, providing more flexibility but also extra technical challenges.
Goldwind is hoping the massive new investment can breathe some wind back into its stock, which now trades near a 52-week low and is quite undervalued compared with its global peers. Investors were upbeat on the latest development, with the company&rsquo;s Hong Kong- and Shenzhen-listed shares rising 4.6% and 2.1%, respectively, in early Thursday trade.
Its status as a world-class wind power equipment maker has helped Goldwind attract a number of major global investors in recent years. Many of those have increased their holdings in the company over the last six months, led by fund house giant BlackRock, which has built up its position to nearly 23% of Goldwind&rsquo;s Hong Kong shares from a previous 21% over the last six months. Citigroup and Singaporean wealth fund GIC have also boosted their positions over that period, though JPMorgan has sold down its stake.
The bulls could be attracted by Goldwind&rsquo;s valuation that looks quite weak at the moment. The company currently trades at a forward price-to-earnings (P/E) ratio of just 10 for its Hong Kong-listed shares, and a slightly better 14 for its Shenzhen shares. Those are far below the 27 for Canadian rival&nbsp;TransAlta Renewables&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/trswf#OTC">TRSWF</a>) and a sky-high 128 for Denmark&rsquo;s&nbsp;Vestas&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwdry#OTC">VWDRY</a>). Even smaller domestic rival&nbsp;Ming Yang&nbsp;(601615.SH) trades at a higher forward P/E of 16.
We&rsquo;ll explore shortly why investors aren&rsquo;t so bullish on Goldwind these days. But first we&rsquo;ll review the details from the company&rsquo;s new blockbuster tie-up with the city of Wenzhou, one of China&rsquo;s lesser-known wealthy metropolises that is famous for its entrepreneurial spirit.
The five-year strategic framework agreement with the city is divided into two main parts. The larger of those will see Goldwind and Wenzhou&rsquo;s Oujiangkou Industrial Cluster Zone Management Committee develop a deep-sea offshore wind power base with total investment of 16.2 billion yuan, according to a&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0413/2022041301504.pdf">company filing</a>&nbsp;to the Hong Kong Stock Exchange late on Wednesday.
That project will be divided into two phases, the first involving construction of an R&amp;D headquarters as well as manufacturing and export bases for deep-sea wind floating technology. That first phase will involve 5.2 billion yuan in investment, with Goldwind providing less than 2 billion yuan.
The second part of the deal will see Goldwind team up with Wenzhou&rsquo;s Dongtou district to establish a &ldquo;deep-sea marine engineering equipment manufacturing and services industry cluster.&rdquo; That will involve an investment of 2.6 billion yuan, all from Goldwind. The two projects are part of Wenzhou&rsquo;s larger plans to build 12 GW worth of capacity powered by offshore wind and tidal flat solar energy.
Leaving Xinjiang
This particular plan has two interesting elements, and looks somewhat similar to&nbsp;<a href="https://www.thebambooworks.com/daqo-eyes-product-geographic-diversification-with-massive-expansion/">another major investment</a>worth more than $5 billion announced last December by solar panel materials maker&nbsp;Daqo New Energy&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dq#NYSE">DQ</a>) in the Inner Mongolia city of Baotou. Both Goldwind and Daqo are global leaders in their respective new energy categories, and both are based in western China&rsquo;s Xinjiang region.
The Xinjiang factor has become a lighting rod for controversy lately due to Western allegations of rights abuses &ndash; something China has repeatedly denied. The U.S. even went so far as to ban imports from Daqo last year, though the company said the move would have minimal impact since it has very few U.S.-based customers.
Goldwind has yet to fall afoul of the U.S. in that regard, but a similar ban is always a possibility. The company got about 12% of its 50.4 billion yuan in revenue last year from overseas markets, which included the U.S., Australia and Germany, according to its&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0325/2022032501742.pdf">latest financials</a>&nbsp;for 2021.
Both Daqo&rsquo;s and now Goldwind&rsquo;s new investments are outside of Xinjiang, suggesting both companies realize the political risk of manufacturing in their home area and are taking steps to mitigate that.
The second interesting thing about Goldwind&rsquo;s new investment is that it comes after China has officially phased out all central government subsidies for wind power. Onshore wind power subsidies were phased out first, and offshore subsidies officially ended at the end of last year. That means that going forward, wind farm developers won&rsquo;t get any special central government support. In that kind of environment, companies like Goldwind may need to look increasingly to wealthy local government sources to fund this kind of massive new project.
Goldwind could certainly use the new business. Despite a surge in orders from new projects taking advantage of the last year for offshore wind farm subsidies, Goldwind&rsquo;s overall revenue actually fell by 10% last year from 2020. Still, the company&rsquo;s gross profit margin improved notably for the year to 22.2% from 17.2% in 2020, as it sold more large wind turbines that typically carry higher margins. As a result, its profit last year rose 18% to 3.5 billion yuan from 3 billion yuan in 2020.
At the end of the day, this new investment will cost Goldwind a pretty penny, or as much as 4.5 billion yuan in the first phase, to be precise. But that money could be well spent if it achieves the dual purposes of helping the company to diversify geographically and also obtain government support to develop cutting-edge deep-sea wind generation technology. Only time will tell if the investment will pay off in terms of new revenue and profits. But if you believe that it might, then the stock could look quite attractive at its current valuation.

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XJNGF

Goldwind Diversifies with $3 Billion Deep-Sea Wind Power Investment

&nbsp;
<h2>Upgrades</h2>
<ul>
<li>According to Sidoti &amp; Co., the prior rating for QAD Inc (NASDAQ:<a class="ticker" href="/stock/QADA#NASDAQ">QADA</a>) was changed from Neutral to Buy. For the fourth quarter, QAD had an EPS of $0.39, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $76.11 and a 52-week-low of $34.06. QAD closed at $59.98 at the end of the last trading period.</li>
<li>According to Loop Capital, the prior rating for Carlisle Companies Inc (NYSE:<a class="ticker" href="/stock/CSL#NYSE">CSL</a>) was changed from Hold to Buy. Carlisle Companies earned $1.57 in the fourth quarter, compared to $1.81 in the year-ago quarter. The current stock performance of Carlisle Companies shows a 52-week-high of $161.54 and a 52-week-low of $97.55. Moreover, at the end of the last trading period, the closing price was at $155.88.</li>
<li>For Vail Resorts Inc (NYSE:<a class="ticker" href="/stock/MTN#NYSE">MTN</a>), B of A Securities upgraded the previous rating of Neutral to Buy. Vail Resorts earned $3.62 in the second quarter, compared to $5.04 in the year-ago quarter. The current stock performance of Vail Resorts shows a 52-week-high of $333.95 and a 52-week-low of $129.52. Moreover, at the end of the last trading period, the closing price was at $278.07.</li>
<li>JP Morgan upgraded the previous rating for PetroChina Co Ltd (NYSE:<a class="ticker" href="/stock/PTR#NYSE">PTR</a>) from Underweight to Neutral. In the third quarter, PetroChina Co earned $0.03. At the moment, the stock has a 52-week-high of $41.20 and a 52-week-low of $27.68. PetroChina Co closed at $36.49 at the end of the last trading period.</li>
<li>Wolfe Research upgraded the previous rating for Clearway Energy Inc (NYSE:<a class="ticker" href="/stock/CWEN#NYSE">CWEN</a>) from Peer Perform to Outperform. For the fourth quarter, Clearway Energy had an EPS of $0.21, compared to year-ago quarter EPS of $0.06. The current stock performance of Clearway Energy shows a 52-week-high of $37.23 and a 52-week-low of $17.11. Moreover, at the end of the last trading period, the closing price was at $25.91.</li>
<li>For iHeartMedia Inc (NASDAQ:<a class="ticker" href="/stock/IHRT#NASDAQ">IHRT</a>), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the fourth quarter, iHeartMedia had an EPS of $0.05, compared to year-ago quarter EPS of $0.42. The current stock performance of iHeartMedia shows a 52-week-high of $19.10 and a 52-week-low of $4.31. Moreover, at the end of the last trading period, the closing price was at $16.05.</li>
<li>According to DZ Bank, the prior rating for Intel Corp (NASDAQ:<a class="ticker" href="/stock/INTC#NASDAQ">INTC</a>) was changed from Hold to Buy. In the fourth quarter, Intel showed an EPS of $1.52, compared to $1.52 from the year-ago quarter. The stock has a 52-week-high of $67.44 and a 52-week-low of $43.61. At the end of the last trading period, Intel closed at $62.04.</li>
<li>For Cactus Inc (NYSE:<a class="ticker" href="/stock/WHD#NYSE">WHD</a>), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the fourth quarter, Cactus showed an EPS of $0.08, compared to $0.37 from the year-ago quarter. The current stock performance of Cactus shows a 52-week-high of $39.07 and a 52-week-low of $9.75. Moreover, at the end of the last trading period, the closing price was at $30.25.</li>
<li>According to Northland Capital Markets, the prior rating for Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="/stock/AMD#NASDAQ">AMD</a>) was changed from Market Perform to Outperform. For the fourth quarter, Advanced Micro Devices had an EPS of $0.52, compared to year-ago quarter EPS of $0.32. At the moment, the stock has a 52-week-high of $99.23 and a 52-week-low of $41.70. Advanced Micro Devices closed at $76.48 at the end of the last trading period.</li>
<li>For First Industrial Realty Trust Inc (NYSE:<a class="ticker" href="/stock/FR#NYSE">FR</a>), Goldman Sachs upgraded the previous rating of Sell to Neutral. First Industrial Realty earned $0.44 in the fourth quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $46.28 and a 52-week-low of $27.00. At the end of the last trading period, First Industrial Realty closed at $45.70.</li>
<li>For Cisco Systems Inc (NASDAQ:<a class="ticker" href="/stock/CSCO#NASDAQ">CSCO</a>), Goldman Sachs upgraded the previous rating of Neutral to Buy. For the second quarter, Cisco Systems had an EPS of $0.79, compared to year-ago quarter EPS of $0.77. The current stock performance of Cisco Systems shows a 52-week-high of $50.68 and a 52-week-low of $35.28. Moreover, at the end of the last trading period, the closing price was at $49.65.</li>
<li>For Maxar Technologies Inc (NYSE:<a class="ticker" href="/stock/MAXR#NYSE">MAXR</a>), JP Morgan upgraded the previous rating of Neutral to Overweight. For the fourth quarter, Maxar Technologies had an EPS of $0.85, compared to year-ago quarter EPS of $0.87. The stock has a 52-week-high of $58.75 and a 52-week-low of $8.65. At the end of the last trading period, Maxar Technologies closed at $33.69.</li>
<li>For International Flavors &amp; Fragrances Inc (NYSE:<a class="ticker" href="/stock/IFF#NYSE">IFF</a>), Berenberg upgraded the previous rating of Hold to Buy. Intl Flavors &amp; Fragrances earned $1.32 in the fourth quarter, compared to $1.46 in the year-ago quarter. The current stock performance of Intl Flavors &amp; Fragrances shows a 52-week-high of $143.09 and a 52-week-low of $95.82. Moreover, at the end of the last trading period, the closing price was at $136.49.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
&nbsp;
<h2>Downgrades</h2>
<ul>
<li>According to Citigroup, the prior rating for AllianceBernstein Holding LP (NYSE:<a class="ticker" href="/stock/AB#NYSE">AB</a>) was changed from Buy to Neutral. For the fourth quarter, AllianceBernstein Holding had an EPS of $0.97, compared to year-ago quarter EPS of $0.85. The stock has a 52-week-high of $42.93 and a 52-week-low of $15.99. At the end of the last trading period, AllianceBernstein Holding closed at $40.02.</li>
<li>For ViacomCBS Inc (NASDAQ:<a class="ticker" href="/stock/VIAC#NASDAQ">VIAC</a>), MoffettNathanson downgraded the previous rating of Neutral to Sell. For the fourth quarter, ViacomCBS had an EPS of $1.04, compared to year-ago quarter EPS of $0.97. The current stock performance of ViacomCBS shows a 52-week-high of $101.97 and a 52-week-low of $11.85. Moreover, at the end of the last trading period, the closing price was at $70.10.</li>
<li>According to Goldman Sachs, the prior rating for eHealth Inc (NASDAQ:<a class="ticker" href="/stock/EHTH#NASDAQ">EHTH</a>) was changed from Buy to Neutral. In the fourth quarter, eHealth showed an EPS of $2.32, compared to $4.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $151.66 and a 52-week-low of $47.84. eHealth closed at $67.10 at the end of the last trading period.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
&nbsp;
<h2>Initiations</h2>
<ul>
<li>Evercore ISI Group initiated coverage on Viracta Therapeutics Inc (NASDAQ:<a class="ticker" href="/stock/VIRX#NASDAQ">VIRX</a>) with an Outperform rating. The price target for Viracta Therapeutics is set to $45.00. At the moment, the stock has a 52-week-high of $18.24 and a 52-week-low of $7.61. Viracta Therapeutics closed at $8.03 at the end of the last trading period.</li>
<li>Goldman Sachs initiated coverage on SelectQuote Inc (NYSE:<a class="ticker" href="/stock/SLQT#NYSE">SLQT</a>) with a Buy rating. The price target for SelectQuote is set to $36.00. In the second quarter, SelectQuote earned $0.55. The stock has a 52-week-high of $32.55 and a 52-week-low of $15.76. At the end of the last trading period, SelectQuote closed at $26.75.</li>
<li>With an Outperform rating, RBC Capital initiated coverage on New Residential Investment Corp (NYSE:<a class="ticker" href="/stock/NRZ#NYSE">NRZ</a>). The price target seems to have been set at $12.00 for New Residential Inv. New Residential Inv earned $0.32 in the fourth quarter, compared to $0.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $11.38 and a 52-week-low of $2.91. New Residential Inv closed at $10.81 at the end of the last trading period.</li>
<li>Wells Fargo initiated coverage on Graphic Packaging Holding Co (NYSE:<a class="ticker" href="/stock/GPK#NYSE">GPK</a>) with an Overweight rating. The price target for Graphic Packaging Holding is set to $23.00. For the fourth quarter, Graphic Packaging Holding had an EPS of $0.28, compared to year-ago quarter EPS of $0.23. The stock has a 52-week-high of $18.39 and a 52-week-low of $10.79. At the end of the last trading period, Graphic Packaging Holding closed at $17.37.</li>
<li>B. Riley FBR initiated coverage on Vor Biopharma Inc (NASDAQ:<a class="ticker" href="/stock/VOR#NASDAQ">VOR</a>) with a Buy rating. The price target for Vor Biopharma is set to $60.00. The current stock performance of Vor Biopharma shows a 52-week-high of $63.62 and a 52-week-low of $25.32. Moreover, at the end of the last trading period, the closing price was at $38.70.</li>
<li>B. Riley FBR initiated coverage on Curis Inc (NASDAQ:<a class="ticker" href="/stock/CRIS#NASDAQ">CRIS</a>) with a Buy rating. The price target for Curis is set to $19.00. For the fourth quarter, Curis had an EPS of $0.11, compared to year-ago quarter EPS of $0.26. The current stock performance of Curis shows a 52-week-high of $13.44 and a 52-week-low of $0.62. Moreover, at the end of the last trading period, the closing price was at $10.31.</li>
<li>With an Outperform rating, RBC Capital initiated coverage on Hercules Capital Inc (NYSE:<a class="ticker" href="/stock/HTGC#NYSE">HTGC</a>). The price target seems to have been set at $17.00 for Hercules Cap. In the fourth quarter, Hercules Cap showed an EPS of $0.37, compared to $0.40 from the year-ago quarter. The current stock performance of Hercules Cap shows a 52-week-high of $16.64 and a 52-week-low of $6.31. Moreover, at the end of the last trading period, the closing price was at $15.62.</li>
<li>Baird initiated coverage on Ameresco Inc (NYSE:<a class="ticker" href="/stock/AMRC#NYSE">AMRC</a>) with an Outperform rating. The price target for Ameresco is set to $51.00. Ameresco earned $0.47 in the fourth quarter, compared to $0.46 in the year-ago quarter. The stock has a 52-week-high of $70.25 and a 52-week-low of $14.78. At the end of the last trading period, Ameresco closed at $40.62.</li>
<li>With a Neutral rating, B of A Securities initiated coverage on Affirm Holdings Inc (NASDAQ:<a class="ticker" href="/stock/AFRM#NASDAQ">AFRM</a>). The price target seems to have been set at $78.00 for Affirm Holdings. In the second quarter, Affirm Holdings showed an EPS of $0.45, compared to $0.92 from the year-ago quarter. At the moment, the stock has a 52-week-high of $146.90 and a 52-week-low of $70.05. Affirm Holdings closed at $72.63 at the end of the last trading period.</li>
<li>With a Neutral rating, Citigroup initiated coverage on ChargePoint Holdings Inc (NYSE:<a class="ticker" href="/stock/CHPT#NYSE">CHPT</a>). The price target seems to have been set at $28.00 for ChargePoint Holdings. In the fourth quarter, ChargePoint Holdings earned $1.72. The stock has a 52-week-high of $33.35 and a 52-week-low of $19.50. At the end of the last trading period, ChargePoint Holdings closed at $20.69.</li>
<li>With a Buy rating, DA Davidson initiated coverage on Babcock &amp; Wilcox Enterprises Inc (NYSE:<a class="ticker" href="/stock/BW#NYSE">BW</a>). The price target seems to have been set at $10.00 for Babcock &amp; Wilcox. Babcock &amp; Wilcox earned $0.09 in the fourth quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Babcock &amp; Wilcox shows a 52-week-high of $8.24 and a 52-week-low of $0.85. Moreover, at the end of the last trading period, the closing price was at $6.45.</li>
<li>B. Riley FBR initiated coverage on Rocky Brands Inc (NASDAQ:<a class="ticker" href="/stock/RCKY#NASDAQ">RCKY</a>) with a Buy rating. The price target for Rocky Brands is set to $60.00. In the fourth quarter, Rocky Brands showed an EPS of $1.41, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $50.96 and a 52-week-low of $16.10. Rocky Brands closed at $43.60 at the end of the last trading period.</li>
<li>For Playtika Holding Corp (NASDAQ:<a class="ticker" href="/stock/PLTK#NASDAQ">PLTK</a>), MKM Partners initiated coverage, by setting the current rating at Buy. Playtika Holding earned $0.19 in the fourth quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $36.06 and a 52-week-low of $25.27. Playtika Holding closed at $25.45 at the end of the last trading period.</li>
<li>With an Overweight rating, Piper Sandler initiated coverage on Marker Therapeutics Inc (NASDAQ:<a class="ticker" href="/stock/MRKR#NASDAQ">MRKR</a>). The price target seems to have been set at $6.00 for Marker Therapeutics. Marker Therapeutics earned $0.18 in the fourth quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $3.77 and a 52-week-low of $1.32. At the end of the last trading period, Marker Therapeutics closed at $2.33.</li>
<li>With a Neutral rating, Piper Sandler initiated coverage on Pulmonx Corp (NASDAQ:<a class="ticker" href="/stock/LUNG#NASDAQ">LUNG</a>). The price target seems to have been set at $50.00 for Pulmonx. In the fourth quarter, Pulmonx earned $0.27. The stock has a 52-week-high of $69.48 and a 52-week-low of $37.64. At the end of the last trading period, Pulmonx closed at $51.26.</li>
<li>For Vinci SA (OTC:<a class="ticker" href="/stock/VCISY#OTC">VCISY</a>), Deutsche Bank initiated coverage, by setting the current rating at Buy. The stock has a 52-week-high of $26.88 and a 52-week-low of $16.70. At the end of the last trading period, Vinci closed at $25.91.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

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Benzinga's Top Ratings Upgrades, Downgrades For March 25, 2021

Bernstein analyst Deepa Venkateswaran initiates coverage on Vestas Wind Systems (OTC:<a class="ticker" href="/stock/VWDRY#OTC">VWDRY</a>) with a Outperform rating.

Bernstein Initiates Coverage On Vestas Wind Systems with Outperform Rating

&nbsp;
<h2>Upgrades</h2>
<ul>
<li>For Lowe&#39;s Companies Inc (NYSE:<a class="ticker" href="/stock/LOW#NYSE">LOW</a>), Gordon Haskett upgraded the previous rating of Accumulate to Buy. Lowe&#39;s Companies earned $1.33 in the fourth quarter, compared to $0.94 in the year-ago quarter. At the moment, the stock has a 52-week-high of $180.67 and a 52-week-low of $60.00. Lowe&#39;s Companies closed at $162.00 at the end of the last trading period.</li>
<li>According to Guggenheim, the prior rating for Square Inc (NYSE:<a class="ticker" href="/stock/SQ#NYSE">SQ</a>) was changed from Neutral to Buy. For the fourth quarter, Square had an EPS of $0.32, compared to year-ago quarter EPS of $0.23. The stock has a 52-week-high of $283.19 and a 52-week-low of $32.33. At the end of the last trading period, Square closed at $237.32.</li>
<li>HSBC upgraded the previous rating for Nike Inc (NYSE:<a class="ticker" href="/stock/NKE#NYSE">NKE</a>) from Hold to Buy. For the second quarter, Nike had an EPS of $0.78, compared to year-ago quarter EPS of $0.70. The current stock performance of Nike shows a 52-week-high of $147.95 and a 52-week-low of $60.00. Moreover, at the end of the last trading period, the closing price was at $135.56.</li>
<li>For TrueCar Inc (NASDAQ:<a class="ticker" href="/stock/TRUE#NASDAQ">TRUE</a>), Benchmark upgraded the previous rating of Hold to Buy. For the fourth quarter, TrueCar had an EPS of $0.01, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $6.47 and a 52-week-low of $1.98. At the end of the last trading period, TrueCar closed at $5.06.</li>
<li>For Ardagh Group SA (NYSE:<a class="ticker" href="/stock/ARD#NYSE">ARD</a>), Wells Fargo upgraded the previous rating of Underweight to Overweight. For the fourth quarter, Ardagh Group had an EPS of $0.28, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of $24.70 and a 52-week-low of $9.20. Ardagh Group closed at $23.26 at the end of the last trading period.</li>
<li>Credit Suisse upgraded the previous rating for Evoqua Water Technologies Corp (NYSE:<a class="ticker" href="/stock/AQUA#NYSE">AQUA</a>) from Neutral to Outperform. For the first quarter, Evoqua Water Technologies had an EPS of $0.06, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $31.63 and a 52-week-low of $7.08. At the end of the last trading period, Evoqua Water Technologies closed at $24.66.</li>
<li>According to UBS, the prior rating for AstraZeneca PLC (NASDAQ:<a class="ticker" href="/stock/AZN#NASDAQ">AZN</a>) was changed from Neutral to Buy. In the fourth quarter, AstraZeneca showed an EPS of $0.54, compared to $0.45 from the year-ago quarter. The current stock performance of AstraZeneca shows a 52-week-high of $64.94 and a 52-week-low of $36.15. Moreover, at the end of the last trading period, the closing price was at $50.10.</li>
<li>Credit Suisse upgraded the previous rating for Sunrun Inc (NASDAQ:<a class="ticker" href="/stock/RUN#NASDAQ">RUN</a>) from Neutral to Outperform. &nbsp;At the moment, the stock has a 52-week-high of $100.93 and a 52-week-low of $7.83. Sunrun closed at $62.56 at the end of the last trading period.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
&nbsp;
<h2>Downgrades</h2>
<ul>
<li>Stifel downgraded the previous rating for Photronics Inc (NASDAQ:<a class="ticker" href="/stock/PLAB#NASDAQ">PLAB</a>) from Buy to Hold. For the first quarter, Photronics had an EPS of $0.13, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $13.65 and a 52-week-low of $8.31. At the end of the last trading period, Photronics closed at $13.38.</li>
<li>Gordon Haskett downgraded the previous rating for TJX Companies Inc (NYSE:<a class="ticker" href="/stock/TJX#NYSE">TJX</a>) from Buy to Hold. In the fourth quarter, TJX Companies showed an EPS of $0.50, compared to $0.81 from the year-ago quarter. At the moment, the stock has a 52-week-high of $71.06 and a 52-week-low of $32.72. TJX Companies closed at $69.72 at the end of the last trading period.</li>
<li>For Cimarex Energy Co (NYSE:<a class="ticker" href="/stock/XEC#NYSE">XEC</a>), MKM Partners downgraded the previous rating of Buy to Neutral. In the fourth quarter, Cimarex Energy showed an EPS of $0.89, compared to $1.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $61.60 and a 52-week-low of $12.15. Cimarex Energy closed at $60.80 at the end of the last trading period.</li>
<li>For Norfolk Southern Corp (NYSE:<a class="ticker" href="/stock/NSC#NYSE">NSC</a>), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. Norfolk Southern earned $2.64 in the fourth quarter, compared to $2.55 in the year-ago quarter. The current stock performance of Norfolk Southern shows a 52-week-high of $264.11 and a 52-week-low of $112.62. Moreover, at the end of the last trading period, the closing price was at $261.53.</li>
<li>For Canadian Pacific Railway Ltd (NYSE:<a class="ticker" href="/stock/CP#NYSE">CP</a>), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. In the fourth quarter, Canadian Pacific Railway showed an EPS of $3.90, compared to $4.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $379.00 and a 52-week-low of $173.26. Canadian Pacific Railway closed at $365.63 at the end of the last trading period.</li>
<li>For Epizyme Inc (NASDAQ:<a class="ticker" href="/stock/EPZM#NASDAQ">EPZM</a>), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. For the fourth quarter, Epizyme had an EPS of $0.65, compared to year-ago quarter EPS of $0.59. The stock has a 52-week-high of $23.61 and a 52-week-low of $9.90. At the end of the last trading period, Epizyme closed at $10.19.</li>
<li>For NeoGenomics Inc (NASDAQ:<a class="ticker" href="/stock/NEO#NASDAQ">NEO</a>), Raymond James downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, NeoGenomics showed an EPS of $0.14, compared to $0.10 from the year-ago quarter. The current stock performance of NeoGenomics shows a 52-week-high of $61.57 and a 52-week-low of $20.47. Moreover, at the end of the last trading period, the closing price was at $54.34.</li>
<li>According to Oppenheimer, the prior rating for AT&amp;T Inc (NYSE:<a class="ticker" href="/stock/T#NYSE">T</a>) was changed from Outperform to Perform. AT&amp;T earned $0.75 in the fourth quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $38.51 and a 52-week-low of $26.08. At the end of the last trading period, AT&amp;T closed at $29.41.</li>
<li>Oppenheimer downgraded the previous rating for Verizon Communications Inc (NYSE:<a class="ticker" href="/stock/VZ#NYSE">VZ</a>) from Outperform to Perform. For the fourth quarter, Verizon Communications had an EPS of $1.21, compared to year-ago quarter EPS of $1.13. At the moment, the stock has a 52-week-high of $61.95 and a 52-week-low of $48.84. Verizon Communications closed at $57.13 at the end of the last trading period.</li>
<li>For Zymeworks Inc (NYSE:<a class="ticker" href="/stock/ZYME#NYSE">ZYME</a>), SVB Leerink downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Zymeworks showed an EPS of $0.74, compared to $1.06 from the year-ago quarter. The current stock performance of Zymeworks shows a 52-week-high of $59.03 and a 52-week-low of $20.33. Moreover, at the end of the last trading period, the closing price was at $40.30.</li>
<li>Credit Suisse downgraded the previous rating for Pinnacle West Capital Corp (NYSE:<a class="ticker" href="/stock/PNW#NYSE">PNW</a>) from Outperform to Neutral. For the fourth quarter, Pinnacle West Capital had an EPS of $0.17, compared to year-ago quarter EPS of $0.57. At the moment, the stock has a 52-week-high of $103.31 and a 52-week-low of $60.05. Pinnacle West Capital closed at $73.11 at the end of the last trading period.</li>
<li>According to Credit Suisse, the prior rating for Ping Identity Holding Corp (NYSE:<a class="ticker" href="/stock/PING#NYSE">PING</a>) was changed from Outperform to Neutral. In the fourth quarter, Ping Identity Holding showed an EPS of $0.09, compared to $0.14 from the year-ago quarter. The stock has a 52-week-high of $37.80 and a 52-week-low of $12.02. At the end of the last trading period, Ping Identity Holding closed at $32.52.</li>
<li>According to Credit Suisse, the prior rating for Lennox International Inc (NYSE:<a class="ticker" href="/stock/LII#NYSE">LII</a>) was changed from Neutral to Underperform. In the fourth quarter, Lennox International showed an EPS of $2.89, compared to $2.45 from the year-ago quarter. The stock has a 52-week-high of $319.77 and a 52-week-low of $163.40. At the end of the last trading period, Lennox International closed at $290.74.</li>
<li>According to Piper Sandler, the prior rating for Tabula Rasa HealthCare Inc (NASDAQ:<a class="ticker" href="/stock/TRHC#NASDAQ">TRHC</a>) was changed from Overweight to Neutral. For the fourth quarter, Tabula Rasa HealthCare had an EPS of $0.08, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $69.31 and a 52-week-low of $30.12. At the end of the last trading period, Tabula Rasa HealthCare closed at $45.65.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
&nbsp;
<h2>Initiations</h2>
<ul>
<li>Stifel initiated coverage on Precigen Inc (NASDAQ:<a class="ticker" href="/stock/PGEN#NASDAQ">PGEN</a>) with a Buy rating. The price target for Precigen is set to $13.00. For the third quarter, Precigen had an EPS of $0.18, compared to year-ago quarter EPS of $0.34. At the moment, the stock has a 52-week-high of $11.10 and a 52-week-low of $1.26. Precigen closed at $8.57 at the end of the last trading period.</li>
<li>Piper Sandler initiated coverage on I-MAB (NASDAQ:<a class="ticker" href="/stock/IMAB#NASDAQ">IMAB</a>) with an Overweight rating. The price target for I-MAB is set to $75.00. NoneAt the moment, the stock has a 52-week-high of $65.55 and a 52-week-low of $11.05. I-MAB closed at $57.99 at the end of the last trading period.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

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Benzinga's Top Ratings Upgrades, Downgrades For February 25, 2021

UBS analyst Supriya Subramanian upgrades Vestas Wind Systems (OTC:<a class="ticker" href="/stock/VWDRY#OTC">VWDRY</a>) from Neutral to Buy.

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