Following our price target changes on eight Club holdings last month, we’re updating three more Tuesday to reflect their recent quarterly earnings reports and outlooks. Eli Lilly (LLY): Club price target increasing to $380 per share from $350 While its third-quarter wasn’t the cleanest , with management lowering its full-year revenue outlook by approximately $300 million due to increased foreign exchange headwinds, we were impressed by how Lilly’s brand new type-2 diabetes drug Mounjaro outperformed even elevated expectations. With sales growth expected to surge higher if Mounjaro were to get federal regulatory approval next year to also treat obesity, we remain very bullish that the drug could become one of the best-selling of all time. Management has been investing aggressively to increase manufacturing capacity in anticipation. It’s also worth noting that we have not adjusted our Lilly price target since competitor Biogen (BIIB) reported positive topline results from a study to treat early Alzheimer’s. Lilly is also working on a separate Alzheimer’s drug, which has shown some encouraging results. Good news for Biogen is good news for Lilly’s donanemab as both are antibodies that aim to reduce the buildup of the amyloid beta protein in the brain, which is seen with the degenerative disease. Shares of Eli Lilly trade at a significant premium to its peer group and the broader market, but we think health care is group investors are willing to pay up for thanks to its recession-resistant characteristics and limited impact from inflation. LLY has gained more than 32% in 2022, compared to the nearly 19% year-to-date decline in the S & P 500 . Halliburton (HAL): Club price target increasing to $44 per share from $40 This update comes about two weeks after the oilfield services provider reported a stronger-than-expected third quarter . It also provided bullish commentary around margin expansion, backed by pricing power and a lower cost structure. Halliburton has also made significant strides in cleaning up its balance sheet, putting it in a position to potentially increase cash returns to shareholders next year. Future increases to the dividend and buyback program should further improve sentiment around the stock, which has shattered the performance of the broader market with an over 72% increase in 2022. Starbucks (SBUX): Club price target increasing $100 per share from $95 The coffee retailer reported great fiscal fourth quarter earnings last week thanks to strength in North America, where same store sales grew faster than expected with better than expected margins. We think the momentum in North America will continue as management rolls out its reinvention plan, which consists of a series of what the company calls “strategic and highly targeted investments” designed to improve the operating efficiencies of its stores. Although sales in China remain depressed due to ongoing Covid-related restrictions, we still view the Chinese market as an important investment area, and any positive news flow related to a potential reopening should lead to a higher stock price. Case in point , on Friday, news that China will allow foreigners living there to get the BioNTech (BNTX)- Pfizer (PFE) Covid vaccine and hope that Beijing may be willing to ease its rolling pandemic lockdowns and restrictions pushed Starbucks shares up 8.5%. Shares of Starbucks in 2022 took a beating into their May low of under $69 but have rallied 31% since then. We started our position on Aug. 22, and then stock jumped 6.7% since then. (Jim Cramer’s Charitable Trust is long LLY, HAL and SBUX. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
David Ricks, CEO, Eli Lilly
Scott Mlyn | CNBC
Following our price target changes on eight Club holdings last month, we’re updating three more Tuesday to reflect their recent quarterly earnings reports and outlooks.
The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.
UPDATE: telematics announcement.
Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.
XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?
Easy in, easy out
XCMG battery swap crane; via Etrucks New Zealand.
The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.
“XCMG remains committed to advancing engineering technology to empower a sustainable future. Our mission is to deliver efficient, intelligent, and eco-friendly lifecycle solutions for global clients,” said Mr. Yang Dongsheng, Chairman of XCMG Group and XCMG Machinery. “Today, 19% of our product portfolio comprises green innovations under our ‘Green Mountain’ new energy line, with full electrification across all series underway.”
On today’s troubling episode of Quick Charge, we explore all the troubles befalling Tesla (and TSLA stock) in the month April – with top executives fleeing the ship, demand plummeting, sales slipping, government incentives at home and abroad under threat, and a raft of receipts brought on by an OpenAI lawsuit hitting the brand, it’s already a bad month for Elon … and there’s still 20 more days to go!
None of this even touches on the $43 million “backlogged” rebate scandal Tesla’s facing in Canada that’s being blamed for people’s negative attitudes about the brand (ha!) or the fact that neither the long-promised Roadster 2.0 or the Tesla Semi will see production anytime this year, either.
The word you’re looking for when you think of Tesla these days is, “cooked.”
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
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Renewable developer Vesper Energy has cut the ribbon on Hornet Solar in Swisher County, Texas, one of the largest single-phase solar farms in the US.
As Electrek reported in January, the 600-megawatt (MW) Hornet Solar includes over 1.36 million modules covering more than 6 square miles. The project will contribute more than $100 million in new tax revenue to Swisher County and deliver 600 MWac of energy–enough to power 160,000 homes annually.
January 30, 2025: “The seamless coordination between our team and our EPC partner, Blattner, has enabled us to remain ahead of schedule and on budget while ensuring quality throughout the process,” said Juan Suarez, co-CEO of Irving-based Vesper Energy.
Hornet Solar uses bifacial solar panels mounted on a single-axis tracking system to maximize efficiency. The solar farm is connected to Oncor Electric’s transmission system within ERCOT and is contracted to provide power to four off-take partners through individual Virtual Power Purchase Agreements (VPPAs).
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The Hornet Solar project in the Texas Panhandle is on track to be fully online by spring 2025.
Texas is a utility-scale solar leader in the US, with a ranking of No. 2 and 37,713 MW currently installed. It’s projected to install 51,144 MW over the next five years and move into the No. 1 spot, according to the Solar Energy Industries Association (SEIA). The total solar investment in the state is $45.2 billion.
On January 21, the SEIA, Conservative Texans for Energy Innovation (CTEI), Advanced Power Alliance (APA), and the Texas Solar + Storage Association (TSSA) reported that existing and expected utility-scale solar, wind, and battery storage projects will contribute over $20 billion in total tax revenue – and pay Texas landowners $29.5 billion – over the projects’ lifetimes.
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