-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师总结如下：AEIS公布了第一季度业绩，营收达5.11亿美元（同比增长26%），超出市场预期的5.08亿美元；非GAAP每股收益为2.09美元（同比增长70%），高于市场预期的1.98美元。该公司实现了一个重要的里程碑，非GAAP毛利率首次突破40%，这主要得益于生产整合以及产品组合向高利润率领域的有利调整。这表明AEIS在实现盈利规模化的同时，正朝着其43%的长期毛利率目标稳步迈进。管理层对第二季度业绩给出了强劲的预期，预计营收为5.4亿美元，每股收益为2.18美元，均高于市场预期。数据中心计算业务保持了强劲的增长势头，营收达1.94亿美元（同比增长102%），占总营收的38%，反映出客户对人工智能基础设施电源解决方案的持续需求。随着库存正常化进程的持续，半导体设备销售额环比回升至 2.19 亿美元（环比增长 4%），预计下半年在先进逻辑和存储器投资的支持下，需求将进一步走强。
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Regis Healthcare to Benefit from Higher Govt Spending on Aged Care, Says Jefferies
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Research Alert: CFRA Maintains Buy Opinion On Shares Of Dte Energy Company
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $3 to $165, reflecting a 20.7x forward P/E on our next-12-month EPS estimate. We lower our 2026 EPS view by $0.05 to $7.76 and raise our 2027 EPS view by $0.01 to $8.40. In March 2026, DTE executed a 1 GW data center agreement with Google and filed contracts with the MPSC for approval; a decision is expected by September 2026. The Google data center agreement complements the previously approved 1.4 GW Oracle project. The agreement is structured to deliver approximately $1.7B in affordability benefits for existing customers over the contract life, while requiring Google to pay the full cost of energy usage, including all related infrastructure investments. DTE intends to pause future electric rate requests for at least two years following its most recent request, dependent on the Oracle data center coming online by 2027. On a compound annual basis from 2025 to 2028, we anticipate approximately 7.5% EPS and 6.8% dividend growth, highly competitive with multi-utilities peers.
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Asia
National Australia Bank's Asset Quality Risks Build, But Demand Remains Solid, Says Jefferies
National Australia Bank (ASX:NAB) is facing rising asset quality risks as it posted a downbeat half-yearly result, Jefferies said Monday in a note, adding that demand remains resilient and costs are being managed.The bank reported a 26% decline in fiscal 2026 first-half cash earnings to AU$2.64 billion, missing Jefferies' estimate by 3%.The investment firm reduced its fiscal 2026 and 2028 EPS estimates by 1%, citing lower earnings from liquid assets and higher impairment charges for potential loan losses, partly offset by stronger profit margins.Jefferies said that investors are concerned about the bank's exposure to small and medium sized businesses (SMEs) in an uncertain macro environment. NAB is also setting aside more provisions for bad loans than its peers, which is impacting its returns by more than 1%.However, the brokerage continues to see an attractive risk-reward on the profile. Despite recent share underperformance, margins are expected to improve in the second half of the year.Jefferies maintained its buy rating on National Australia Bank but cut its price target to AU$46.98 from AU$47.73.
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