Tesla Inc (NASDAQ:TSLA) staged a “huge comeback performance” by beating 2Q delivery estimates, Wedbush’s Dan Ives said in a note following the release on Tuesday morning.
The electric vehicle maker reported second-quarter deliveries of 444,000 vehicles, surpassing the Street's estimate of 438,000 and significantly exceeding whisper estimates of 420,000.
Polar Capital Holdings PLC (AIM:POLR) were given an upgrade by Deutsche Bank as the specialist asset manager shows "early signs of recovery".
The rating was hiked from 'hold to 'buy' and the target price from 535p to 635p, compared to the last close price of 579p.
Britain’s second-largest supermarket chain, J Sainsbury PLC (LSE:SBRY), appears to be undervalued in light of today’s trading statement, according to City brokers.
Sainsbury’s enterprise value ratios against sales and underlying earnings (EBITDA), which came to 0.35 times and 5.4 times respectively, are “too low for us”, said house broker Shore Capital Markets.
London Stock Exchange Group PLC (LSE:LSEG) is set to announce its second-quarter financial results on 1 August, with UBS highlighting five key areas of focus.
Broadly speaking, the results are anticipated to show an 8.7% year-on-year revenue growth, primarily driven by Tradeweb revenues.
Talk of a bid for WPP PLC (LSE:WPP) PR business makes sense, according to analysts at Citi, and might persuade management given the value it could generate.
Bloomberg and FT both reported that KKR had made a bid for control of FGS Global, the PR arm.
Shares in Ilika PLC (AIM:IKA, OTCQX:ILIKF) (Ilika PLC (AIM:IKA, OTCQX:ILIKF), Ilika PLC (AIM:IKA, OTCQX:ILIKF)) rose 3.6% after it said it had reached a key milestone by shipping its first batch of prototype Goliath batteries to a tier-one automotive customer for external validation.
In May, Ilika began in-house testing of its P1 Goliath prototype batteries as part of a customer-sponsored programme. The recent delivery represents the transition from internal testing to customer evaluation, a crucial phase in the product development cycle.
American bank Stifel has provided positive feedback on the move by Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) (Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF), Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF)) to sign an US$8.5 million royalty agreement for the Phalaborwa project in South Africa while also raising US$1.5 million through an equity subscription, both with Ecora Resources.
The royalty will see Ecora entitled to 0.85% of gross revenues, rising to 0.95% if production does not start before October 2027 and 1.1% if production is delayed until after 1 July 2028.
Deutsche Bank has downgraded Quilter PLC (LSE:QLT) to 'sell' from 'hold' on valuation grounds and unchanged fundamentals.
The target price remains 95p - a discount to the current market valuation of 115.4p, down 2.3% on the day.
Shares in hVIVO PLC (AIM:HVO), the contract research group, rose 2% after it said it had won a contract with an unnamed client to carry out a phase IIb field study assessing an influenza drug candidate.
This evaluation, conducted in collaboration with an unnamed US company, will begin later this year. hVIVO will enrol up to 1,000 healthy volunteers through its recruitment platform, FluCamp.
National Grid PLC (LSE:NG.) has up to 70% upside with a fair wind according to a bullish write-up from analysts at JP Morgan ahead of next week’s regulatory determinations for the next five years.
“We see National Grid as well positioned to benefit from value-accretive networks growth at an attractive valuation, and with questions around the balance sheet answered after a £7bn equity raise.
Nanoco Group PLC (LSE:NANO) shares slumped 29% to 14p after warning that revenues will be lower than expected.
The group no longer expects a further production order for its validated first-generation sensing products this year and has not signed a new display materials anchor customer, according to its year-end trading update.
Shares in Devolver Digital Inc (AIM:DEVO) rose 13% in early trade after the independent video game creator successfully raised £7.9 million by issuing stock at a premium to its current price.
The share placing at 33p was "originated by an inbound enquiry from existing shareholders", the company said after hours on Monday.