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Invesco Solar ETF (TAN)

NYSEArca - NYSEArca Delayed Price. Currency in USD
40.31-0.19 (-0.47%)
At close: 04:00PM EDT
39.58 -0.73 (-1.82%)
Pre-Market: 09:02AM EDT
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  • Yahoo Finance Video

    GE Vernova has 'multi-year pathway' to profitability: Analyst

    General Electric (GE) has successfully split its business into three independent companies, with GE Vernova (GEV) representing the energy-focused division. RBC Capital Markets Analyst Chris Dendrinos joins Yahoo Finance Live to discuss his bullish initiation of coverage on GE Vernova, rating the stock as Outperform with a $160 price target. Dendrinos explains that with "multi-national conglomerate[s]," funds are often invested in certain parts of the business while others remain underinvested. With General Electric's company splitting into standalone businesses, he believes all investments for GE Vernova will be directed into the energy business, boosting transformation efforts. When asked about competition concerns, Dendrinos says that GE Vernova is a "leader" in all of its segments. However, he notes that on the wind front, Siemens Energy (ENR.DE) could be a competitor, and in the power segment, Mitsubishi (6503.T) could pose a challenge. Dendrinos highlights that GE Vernova has a "multi-year pathway" to financial improvement, emphasizing that it will be a long-term effort to reach normalization. Nevertheless, he believes the company will eventually achieve the desired free cash flow, which should boost the stock's valuation. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith

  • Yahoo Finance

    First Solar stock jumps on earnings beat, strong demand

    First Solar has been an outlier amidst a struggling industry.

  • The Wall Street Journal

    First Solar Stock Jumps After Forecasting Tax Credit Bonanza

    Shares of solar panel maker First Solar are up about 5% Wednesday after the company said manufacturing tax credits from the 2022 climate law will boost earnings this year. The tax credits prioritize domestic manufacturing, a win for First Solar because it's one of the only U.S. panel makers. Wednesday's gain bucks an otherwise gloomy stretch for solar companies, which have been hit hard by rising interest rates and high costs.