-- Wedbush Securities周二发布的一份报告指出，Willdan Group (WLDN)有望受益于电网现代化支出的加速增长和数据中心需求的上升，这表明该公司股价近期的回调幅度过大。 报告称，由于变压器和输电设备短缺，政策制定者优先考虑电网容量和可靠性，Willdan有望抓住美国基础设施投资增长的机遇。 报告还指出，随着人工智能驱动的数据中心建设规模扩大，Willdan在变电站、开关设备和电力系统工程领域的业务需求预计也将更加强劲。Wedbush表示，Willdan于2025年收购APG，进一步增强了其在变电站设计和施工管理方面的专业知识，从而提升了其商业领域的实力。 报告称，尽管179D能源效率税收优惠政策的到期会带来短期压力，但Willdan的长期前景依然乐观，这得益于其两位数的EBITDA增长预期以及不断增强的项目需求。 Wedbush维持对Willdan股票的“跑赢大盘”评级，目标价为145美元。
Price: $70.48, Change: $+3.57, Percent Change: +5.33%
Tech stocks fell Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) dropping 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) slumping 4.5%.The Philadelphia Semiconductor index shed 3.7%.In corporate news, OpenAI recently missed its own targets for new users and revenue, the Wall Street Journal reported late Monday, citing people familiar with the matter. Tech bellwether Nvidia (NVDA) fell 2.2%, Broadcom (AVGO) dropped 4.7%, Advanced Micro Devices (AMD) shed 2.7%, Oracle (ORCL) lost 3.8%, and Intel (INTC) declined 1.7%.Lam Research (LRCX), Applied Materials (AMAT) and KLA (KLAC) were among the chip equipment companies believed to have received a letter last week from the US Department of Commerce ordering them to halt certain tool shipments to China's second-largest chipmaker Hua Hong, Reuters reported. Lam declined 3.5%, Applied Materials dropped 5.5%, and KLA shed 3.5%.Spotify Technology (SPOT) reported stronger-than-expected Q1 profit, but its premium subscriber growth and outlook disappointed investors. The stock fell 13%.
US natural gas futures edged higher in midday trading on Tuesday as updated weather models pointed to a split demand picture, with colder late-season conditions across the Northern US boosting heating demand while warmer forecasts in the South supported cooling load expectations.The front-month Henry Hub contract rose 0.81% to $2.72 per million British thermal units, while the continuous contract increased 0.04% to $2.55/MMBtu.NatGasWeather.com said models added several total degree days since last Friday, driven mainly by colder shifts and additional heating degree days. "Weather patterns are not nearly as bearish as they have been, and likely viewed as neutral, if not a touch bullish," the firm said Monday.The Wall Street Journal reported Tuesday that the colder forecast should limit weekly inventory builds from reaching or exceeding 100 billion cubic feet through the second week of May.Fundamentals, however, remain loose. Trading Economics noted that elevated spring temperatures have already pushed storage levels to about 8% above seasonal norms. The US Energy Information Administration's last report showed inventories rising by 103 Bcf, well above expectations, last year's 77 Bcf build, and the five-year average increase of 64 Bcf.On the supply side, NRG Energy said dry gas production has softened slightly over the past week, averaging about 106.3 Bcf per day as gross output edged lower. It added that while production has eased from recent highs, supply remains comfortably above demand.Trading Economics separately said output has declined about 4.1 Bcf/d over the past 18 days to an 11-week low of 108.1 Bcf/d, as major producers scaled back in response to persistently low prices.Demand has also weakened with seasonal moderation. NRG Energy said total US consumption averaged near 101.7 Bcf/d over the week, with declines led by residential and commercial usage and only limited offset from power burn.LNG export feedgas has remained relatively steady, holding in a tight range around 18.8 to 19.0 Bcf/d, according to NRG Energy.
(Updates with analyst comments from Macquarie in grafs 19-22.)The UAE has withdrawn from OPEC and the broader OPEC+ alliance, delivering a significant blow to the group's ability to manage global oil markets and raising questions about the future of coordinated supply policy, Rystad Energy strategists said on Tuesday.The Gulf state, which produces about 4.8 million barrels per day and has ambitions to raise output further, has been among a handful of members capable of adjusting supply to respond to market shocks."OPEC and OPEC+ have only ever been as strong as members' willingness to hold barrels back," Jorge Leon, head of geopolitical analysis at Rystad Energy, said in a market note on Tuesday. "Losing a member with significant spare capacity takes a real tool out of the group's hands."The UAE's departure strips the producer group of one of its core mechanisms of influence, spare capacity that can be deployed to offset disruptions or withdrawn to support prices.Leon said the move weakens the group's ability to manage supply imbalances over time.Rystad said the impact on prices may be limited by ongoing geopolitical risks in the near term, including the Strait of Hormuz blockade, which continues to inject uncertainty into global supply flows.However, the longer-term implications are more profound. The consultancy said that with less spare capacity concentrated within the group, OPEC+ may find it difficult to calibrate output and maintain price stability.The shift comes as global oil demand approaches a potential peak, altering the incentives for low-cost producers. Rather than holding back production under quota systems, countries with available capacity may prioritize maximizing output and protecting market share.The move could place greater pressure on Saudi Arabia to shoulder a larger share of production adjustments to stabilize markets, a role Rystad analysts said may become difficult to sustain on its own.Saxo Bank strategists said the UAE's departure from OPEC and OPEC+ marks a shift in global oil policy at a time when the ongoing Iran conflict has disrupted global energy flows and drained both commercial and strategic crude inventories worldwide."The UAE is seizing the opportunity to exit OPEC and remove production constraints that have limited its ability to utilize growing capacity," said Ole Sloth Hansen, head of commodity strategy at Saxo Bank.The UAE has steadily expanded its production capacity in recent years, driven by upstream investments led by Abu Dhabi's Adnoc Group. Saxo Bank said that before output fell last month to 2.2 million b/d, production had climbed to about 3.6 mmb/d.The country's current crude production capacity stands at about 4.85 mmb/d, with a target of reaching 5 mmb/d by 2027.Meanwhile, Sparta Commodities analysts said the producer cartel is facing renewed questions over its long-term cohesion after the UAE's departure, though the immediate impact on global oil balances remains muted."For the short-term, it means very little in terms of oil balances with the Strait of Hormuz closed," the analysts said, adding that the implications are more in the longer-term if and when the OPEC+ group gets back to its prior role in the market.Over the longer term, the UAE is expected to increase production to about 4.5-4.8 million b/d, up from its OPEC+ quota of about 3.4 million b/d. Sparta said the shift could introduce additional barrels into the market, potentially putting downward pressure on prices.With the exit, Phil Flynn, senior market analyst at Price Futures, said the UAE is positioning itself to ramp up oil production as it seeks greater autonomy outside the constraints of OPEC+.Flynn said that the UAE has long been constrained by an outdated production baseline set at about 3.2 million b/d in about 2018. However, the Gulf state has since made significant investments in upstream capacity, lifting its production potential to exceed 5 million b/d in the coming years.Vikas Dwivedi, global energy strategist at Macquarie, said the UAE's exit reflects a broader shift in producer strategy."At some point in every country's lifecycle, it's time to move on," Dwivedi said in an emailed response to.He added that there has not been a "big response" in markets so far. "Eventually the market will be forced to deal with oil production growth from an unsanctioned Iran, a rejuvenated Venezuela and an unshackled UAE," the strategist said.Dwivedi added he does not expect the announcement to drive any meaningful near-term moves in the crude forward curve or spot prices. "It could make oil balances more bearish over the next year or two, but not right away," he said.