e.l.f. Beauty price target raised to $50 from $40 at Truist 08:09 ELF Truist analyst Bill Chappell raised the firm's price target on e.l.f. Beauty to $50 from $40 and keeps a Buy rating on the shares. The analyst states that his recent discussions with the company management have left him more confident in its momentum heading into the second half of 2022. Chappell adds that e.l.f. Beauty has multiple growth drivers and market share opportunities over the next few years while highlighting the company's potential for margin expansion. Xponential Fitness initiated with Buy, $29 target at B. Riley 07:37 XPOF B. Riley analyst Jeff Van Sinderen initiated coverage of Xponential Fitness with a Buy rating and $29 price target. Xponential is the largest global franchisor in the boutique fitness industry, Van Sinderen tells investors in a research note. The analyst . believes the company has "plenty of runway ahead" with roughly 5% penetration, adding the boutique fitness trend is "strong and growing globally." Further, boutique fitness consumers are typically more engaged and spend more money on average than non-boutique fitness consumers, says the analyst.
Fluence Energy completes large-scale fire test for energy storage products 08:12 FLNC Fluence Surpasses Highest UL Requirements for Energy Storage Product Safety Fluence Thu, September 15, 2022, 8:00 AM FLNC +5.13% Fluence Large-scale fire test conducted by Fluence and independent firm DNV demonstrates industry-leading safety performance of Fluence’s modular energy storage technology ARLINGTON, Va., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, today announced the company has successfully completed a large-scale fire test for its sixth-generation energy storage products that surpassed the industry’s UL9540A safety testing requirements, designed to limit the spread of a fire in energy storage deployments. Results of the large-scale fire test were issued in a report by independent engineering firm DNV, who witnessed the test as well as a separate unit-level UL9540A test. In partnership with the National Fire Protection Association (NFPA), the energy storage industry developed product regulations and testing recommendations to ensure that energy storage products are designed to limit potential fire to defined subsystems and not propagate thermal runaway. Fluence’s large-scale fire test extended beyond the performance standards of UL9540A by initiating an extreme fire event in a Fluence Cube and testing whether the thermal runaway event propagated to neighboring Cubes, which were configured to simulate a typical energy storage system. “The results of Fluence’s large-scale fire test show that, in the unlikely event a Cube goes into thermal runaway, the product is designed to contain extreme internal battery failures to a single Cube and not spread through an energy storage system,” said DNV Business Development Leader Martin Plass. “The test was particularly impressive in that, despite a full-scale fire in the originating Cube, neighboring Cubes didn’t reach internal temperatures that could have triggered thermal runaway, even without intervention from external emergency personnel.” This demonstrates that, in a real-world application, a fire event could be contained to a single Cube, enabling the energy storage system to be rapidly restored to operation while the damaged Cube was replaced. “Fluence has a long history of incorporating industry-leading safety features into every level of our energy storage products, including system monitoring, fault detection, incipient gas detection, and deflagration panels. Not only do these features help prevent and mitigate safety incidents, but this successful test shows that the highly modular architecture of our products limits the overall impact of potential fires,” said Fluence SVP & Chief Product Officer Rebecca Boll. “This minimizes costly damage or downtime for our customers should an event occur, with rapid resolution compared to less modular or unproven solutions.” “Few companies understand how energy storage systems will perform under a large-scale failure and how to help protect first responders during such an event. Fluence has taken a significant step forward by performing this full large-scale installation-level fire and explosion test,” said American Fire Technologies General Manager Paul Hayes, who witnessed the large-scale fire test. “The test did not result in a deflagration event and, even with a fully engaged Cube, the failure was limited to one Cube with no propagation between containers at distances below code requirements. This test will help define safety standards moving forward.”
The Savant wonders if we are having a ' beauty ' moment.- Beauty Health sees doubling net sales, at least tripling adjusted EBITDA by 2025 09:00 SKIN Ahead of Beauty Health Company hosting its Analyst and Investor Day in New York City, the company announced it will provide an update on the progress the company is making on its five-point Master Plan and will announce new financial goals, namely an intent to double net sales and at least triple adjusted EBITDA by 2025. "Investments made in FY21 and continuing in FY22 are expected to drive demand, create degrees of operating leverage and fuel profitable growth for the future. The management team is confident in the momentum across the business, the loyalty and resilience of the consumer and the massive and growing opportunity across the beauty, wellness, aesthetics and health categories. Within this context, BeautyHealth has announced new financial goals: Double Net Sales: 2025 net sales target in the range of $600 - $700 million, representing approximately a 20% - 27% 2022E - 2025E net sales CAGR; At least triple Adjusted EBITDA: With a target 2025 adjusted EBITDA margin in the range of 25% - 30%; 2023 Adjusted EBITDA Margin: Expect to drive incremental profitability starting in 2023, with a target adjusted EBITDA margin of approximately 18% - 20%," the company stated. The company will provide more detail on the full year 2023 net sales outlook in early 2023, it added. BeautyHealth CFO Liyuan Woo said: "We are setting thoughtful 2025 financial targets from a position of financial strength, supported by strong ongoing performance of six quarters of beating and raising as well as achieving recent record net sales. Following two years of heightened investment and scaling, we are shifting our focus to achieving heightened levels of profitability on our growth journey. Our dynamic growth flywheel, differentiated and complementary technology, nascent and large total addressable market, agile marketing, and engaged community set us up well to deliver our three-year plan."
Billionaire Sternlicht says economy is `breaking hard,' sees major `housing crash' Sep. 15, 2022 9:23 AM Billionaire real estate investor Barry Sternlicht said he believes the economy is "breaking hard" and that the continuation of rate hikes is likely to cause a "major crash" in housing. “The economy is breaking hard,” the chairman and CEO of Starwood Capital Group said on CNBC earlier on Thursday. “If the Fed keeps this up they are going to have a serious recession and people will lose their jobs." "You are going to have a major crash in the housing market and housing prices are going down," Sternlicht said. "You are seeing housing prices correct." Sternlicht said that he believes that a major recession is imminent. "I think [in the] fourth quarter. I think right now,” Sternlicht said. “You are going to see cracks everywhere.” The Fed "is attacking the economy with a sledge hammer than they don't need to," Sternlicht explained. Sternlicht's comments come after Bridgewater founder Ray Dalio said that the inflation rate over the next 10 years will be about double the 2.6% the markets are currently pricing and he sees rates at 4.5% and a corresponding 20% haircut on stocks.
Mirati Therapeutics, Inc. (MRTX) NasdaqGS - NasdaqGS Real Time Price. 81.86-1.12 (-1.35%) At close: September 14 04:00PM EDT 85.95 +4.09 (+5.00%) <------------------ Pre-Market: 09:20AM EDT
Steel Dynamics stock bounces after providing upbeat profit outlook, a day after rival warned of a profit miss
Hey one of our boys at B. Riley did a small insider buy yesterday. I think we need to put ol' Riley in the granny portfolio. $47.80 RILY
Stoney, I've seen about 6 insider buys go by in the last two days on Aikido Pharma. AIKI>>> $6.18 None were real big, like under 30K shares, but still...