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Fluence Energy's Focus Shifts to Growing Data Center Opportunity, RBC Says

Fluence Energy (FLNC) posted a fiscal Q2 miss but focus is shifting toward its master supply agreements with hyperscalers, which ramped the data center pipeline by 30% quarter-over-quarter, RBC Capital Markets said in a Monday research note.The agreements represent a multi-year revenue opportunity and support longer term visibility, analysts wrote.Given data center order lead times, RBC said it sees limited room for revenue upside in 2027, while 2028 should be the focal point for data center deliveries.The brokerage said it reiterated its sector perform rating on the stock and boosted its price target to $16 per share from $12.Price: $26.69, Change: $+2.53, Percent Change: +10.47%

$FLNC

Wire54d ago

DuPont's Earnings Growth Holds Up Despite Iran-Linked Headwinds, RBC Says

DuPont de Nemours (DD) continues to post solid earnings growth as cost-optimization efforts and stronger volumes in key end markets counter weakness in the building and construction segment and higher expenses tied to the Iran conflict, RBC Capital Markets said Friday in a report.Most near-term headwinds stem from the Middle East conflict, and DuPont expects $90 million in cost pressure, while the company plans to recover earnings through price increases and customer surcharges, the report said.Softness in building and construction is weighing on the building technologies division, and DuPont expects low single-digit organic sales growth in Q2 and the full year, the report said.Given H1 and full-year guidance, RBC said it does not expect a material margin step-up in H2. Even so, projections indicate H2 EPS of $1.23, compared with $1.15 in H1, the report said.RBC cut its Q2 EPS estimate to $0.59 from $0.61 while boosting forecasts to $2.41 from $2.23 in 2026 and to $2.69 from $2.59 in 2027.RBC raised its price target on DuPont stock to $60 from $56 and maintained its outperform rating.Price: $50.70, Change: $+0.94, Percent Change: +1.89%

$DD

Wire54d ago

CarGurus' Growth, AI Tools Support Positive Outlook, RBC Says

CarGurus (CARG) should keep growing as dealer tools, AI features, higher intent traffic, and cautious margin assumptions support a positive outlook, RBC Capital Markets said in a note Friday.Q1 was not especially strong, but the company's results held up well in a difficult market, while mid-teens growth remained encouraging, RBC said.Dealer count was a little weaker than expected, but revenue per dealer was better, helped by added products, pricing tools, data features, and AI-related service, while international traffic declines looked weak at first, but the change was related to privacy adjustments rather than a deeper business problem, according to the note.The investment firm said CarGurus' new ChatGPT app is performing well so far, while traffic from AI search appears more likely to convert, though the traffic base is still small.RBC kept its outperform rating for CarGurus and raised its price target to $35 from $34, as CarGurus has a record of setting conservative targets and then doing better, while product investment, AI use inside the company, and the remaining $75 million buyback authorization give CarGurus more room to support future growth.Price: $33.56, Change: $-1.19, Percent Change: -3.41%

$CARG

Wire54d ago

Market Chatter: SoFi Technologies Taking Over PrimaryBid

SoFi Technologies (SOFI) is taking over British fintech PrimaryBid, Sky News reported Monday, citing a letter PrimaryBid sent its shareholders that it viewed.SoFi and PrimaryBid didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $15.99, Change: $+0.24, Percent Change: +1.52%

$SOFI

Wire54d ago

SoFi Technologies Taking Over Fintech PrimaryBid, Sky News Reports

$SOFI

Wire54d ago

Celanese's H2 Guide Appears Conservative, RBC Says

Celanese's (CE) H2 guidance looks conservative but its engineered materials business faces some headwinds from inventory drawdowns, RBC Capital Markets said in a Friday note.The report said the company's H2 EPS guide of about $3.00 is likely below buy-side expectations while its guidance for Q2 of about $2.20 is encouraging."Overall, CE continues to see subdued end-use demand,with pockets of strength in vinyl emulsions, redispersible powders, medical, electronics, data-centers, and some industrial applications," the note said.The report also said improving free cash flow generation is facilitating its deleveraging plan.RBC reiterated its sector perform rating and raised its price target to $68 per share from $66.Price: $59.43, Change: $+2.26, Percent Change: +3.95%

$CE

Wire54d ago

Correction: --Earnings Flash (TKC) Turkcell Iletisim Hizmetleri Posts Q1 Total Revenue 68.38B Turkish Lira, vs. 62.77 billion a year earlier.

$TKC

Wire54d ago

Market Chatter: Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices

The Trump administration plans to temporarily cut tariffs on beef imports as soon as Monday to help lower record-high beef prices in the US, The Wall Street Journal reported Monday, citing people familiar with the matter.The administration is considering suspending the annual tariff-rate system that raises import taxes after a quota is reached, making it easier for foreign beef to enter the US at lower rates, according to the report. The administration plans to take measures to support US ranchers, the report said.The move "aims to address short-term supply issues with beef in the US, while the deregulatory efforts will help lower ranchers' costs over time," a White House official was quoted as saying.The White House didn't immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $20.07, Change: $-0.38, Percent Change: -1.83%

$HRL$PPC$TSN

Wire54d ago

Turkcell Iletisim Hizmetleri Q1 Earnings, Revenue Rise

Turkcell Iletisim Hizmetleri (TKC) reported Q1 earnings Monday of 2.13 Turkish lira ($0.05) per diluted share, compared with 1.85 Turkish lira a year earlier.Revenue for the quarter ended March 31 was 68.38 billion Turkish lira, compared with 62.77 billion Turkish lira a year ago.Analyst estimates were not available.Price: $6.70, Change: $+0.06, Percent Change: +0.90%

$TKC

Wire54d ago

Market Chatter: General Motors to Cut Hundreds of IT Jobs

General Motors (GM) plans to cut hundreds of jobs in its information technology department in an effort to reduce costs, Bloomberg reported Monday, citing people familiar with the matter.The cuts will impact around 500 to 600 workers, the people reportedly told Bloomberg. Management started notifying affected workers on Monday morning, the report said, citing the people.General Motors didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $75.77, Change: $-3.04, Percent Change: -3.85%

$GM

Wire54d ago

General Motors to Slash Hundreds of IT Jobs, Bloomberg Reports

$GM

Wire54d ago

BP Sees Second Chance to Restore Financial Health Amid Higher Commodity Prices, RBC Says

BP (BP) has a "second chance" to deleverage and restore financial health, supported by higher commodity prices that could put the company on firmer footing in the coming years, RBC Capital Markets said in a Monday research note.The investment firm said material damage to energy infrastructure in the Middle East and inventory drawdowns across oil products could support a prolonged period of higher commodity prices, helping BP reduce leverage to levels comparable with peers by 2027.The brokerage said BP's new management will need to maintain discipline even as peers continue or increase share buybacks, adding that the company would be better served by continuing debt reduction for at least the next 12 to 18 months.Restarting buybacks earlier than anticipated could provide a short-term "sugar rush" but create medium-term risks, according to the note.RBC upgraded BP to outperform from sector perform, while maintaining its 700 pence ($9.52) price target.Price: $44.15, Change: $+0.81, Percent Change: +1.87%

$BP

Wire54d ago

Brookfield Business Shares Fell After Q1 Results Reflecting CDK, Sagen Pressures, RBC Says

Brookfield Business' (BBUC) shares fell after Q1 results, mainly due to concerns around CDK Global experiencing challenges and Sagen seeing an increase in its loss ratio, RBC Dominion Securities said in a note Monday."CDK has not been immune to AI/software-related challenges, with the company's first lien notes trading at distressed levels," the analysts said, adding that Brookfield Business is focused on recovering its investment, and CDK is estimated to represent less than 10% of the company's net asset value, or NAV. The 8% post-earnings drop in Brookfield Business shares partially reflects market concerns that CDK equity may be worth nothing, the analysts added.The analysts said Sagen's higher loss ratio, which represents about 15% of Brookfield Business' NAV, is "manageable." Its Q1 loss ratio rose to 12% from 5% in 2025 and above the prior four-year average of 5%, with Sagen expecting it to remain around 12% in 2026.The analysts said that they believe Brookfield Business' track record of investment performance, driven by a differentiated strategy and capital deployment over the past several years in a favorable investment environment, could support strong NAV growth going forward.RBC lowered its price target on Brookfield Business to $40 from $44 and reiterated its outperform rating.Price: $31.18, Change: $+0.32, Percent Change: +1.05%

$BBUC

Wire54d ago

Netflix Sued by Texas AG for Allegedly Collecting Consumer Data Illegally

Texas Attorney General Ken Paxton said Monday he has sued Netflix (NFLX) for allegedly spying on Texans by collecting users' data without their consent or knowledge.Netflix didn't immediately reply to a request for comment from.Price: $86.40, Change: $-1.08, Percent Change: -1.23%

$NFLX

Wire54d ago

Netflix Sued by Texas AG for Allegedly Collecting Consumer Data Illegally

$NFLX

Wire54d ago

Correction: --Earnings Flash (TKC) Turkcell Iletisim Hizmetleri Posts Q1 EPS 2.13 Turkish Lira

$TKC

Wire54d ago

CF Industries Positioned for Strong Cash Generation in 2026, RBC Says

CF Industries (CF) is positioned for strong cash generation in 2026 as it continues to benefit from high nitrogen prices driven by the supply disruption caused by the Iran war, RBC Capital Markets said in a note Friday.Nitrogen prices are likely to remain inflated, even after the Strait of Hormuz reopens, and could start to normalize in 2027, the investment firm said. This is expected to drive the company's free cash flow generation to $2.5 billion this year, and potentially push share buybacks throughout 2026, RBC added.The nitrogen market's current conditions also present an improved return profile for the company's Blue Point low-carbon ammonia joint venture in Louisiana, which is expected to enter construction phase this year, the firm said.RBC has a sector perform rating on CF Industries, with a $125 price target.Shares of CF Industries were up 6.8% in Monday trading.Price: $122.82, Change: $+7.80, Percent Change: +6.78%

$CF

Wire54d ago

CG Oncology's BLA Completion Target for Creto in Q4 to Comfort Investors, RBC Says

CG Oncology's (CGON) target to complete a biologics license application for cretostimogene monotherapy, or creto, in Q4 will provide investors with comfort, RBC Capital Markets said in a Friday note.Cretostimogene monotherapy is currently being evaluated as a treatment for high-risk non-muscle invasive bladder cancer, according to the note.The firm said that while the application completion target is later than hoped, the added clarity puts an end date on the submission, assuaging manufacturing concerns.RBC said that considering favorable regulatory designations, the therapy could receive approval toward H2 of 2027.RBC said that a readout for the PIVOT-006 trial is on track for H1 of 2026, with the drug expected to meet its endpoints and drive an about 15% jump in stock movement as a base case.The firm has an outperform speculative risk rating on the stock and increased its price target to $81 from $79.Price: $69.82, Change: $+0.20, Percent Change: +0.29%

$CGON

Wire54d ago

Earnings Flash (TKC) Turkcell Iletisim Hizmetleri Posts Q1 Total Revenue 68.38B Turkish Lira, vs. FactSet Est of 67.82B Liras

$TKC

Wire54d ago

California Resources' Turn to Production Growth Reflects Regulatory Tailwinds, Oil Macro, RBC Says

California Resources' (CRC) pivot to slight organic production growth is being driven by improved permitting conditions in California, a constructive oil macro environment, and the depth of its drilling inventory, RBC Capital Markets said Sunday in a report.The company is preparing new well permit applications for 2027, and RBC said it expects a similar trajectory through 2028, supported by an oil outlook that could remain favorable over the next several years.The Carbon TerraVault Elk Hills project is ready pending final regulatory approval to begin carbon-dioxide injection, with a national data center developer already investing in early-stage site readiness, the report said.California Resources' free cash flow may reach $827 million in 2026 and $561 million in 2027, the report said.RBC rates California Resources stock outperform with an $87 price target.Price: $59.51, Change: $+0.59, Percent Change: +0.99%

$CRC

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