Planet Labs Excels: Why Its Price Target Jumped
Wedbush raised its price target for Planet Labs from $11 to $17 due to impressive traction in government contracts and a strong commercial rebound, leading to a massive $735M backlog.
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Tesla Hits Record Deliveries Thanks to US Tax Credit Rush
Tesla smashed Q3 delivery records (497k). US buyers rushed to use expiring $7.5k tax credits, offsetting slow sales in Europe.
Rivian Lowers Annual Delivery Forecast Again
Rivian sales jumped due to a tax credit rush, but they cut their yearly delivery forecast. Costs are rising, making future profits tough.
Fermi Rides AI Energy Wave to $19.3 Billion Debut Amidst Race for Power
Amarillo, Texas-based Fermi Inc., co-founded by Rick Perry, saw shares surge 55% in its IPO, capitalizing on the booming demand for power infrastructure to support global AI growth, despite lacking current revenue.
First Solar Gains After Jefferies Price Target Hike
First Solar stock rose after a PT hike ($260) by Jefferies. Capacity is sold out until 2028. Almost all analysts say buy.
Reddit Stock Impacted by User and ChatGPT Data Decline
"Reddit stock is stressed." Daily users are declining, and ChatGPT cites Reddit content much less, dropping from 29.2% to 5.3%, according to RBC Capital.