Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter. Plug Power Stock Has Big Upside Potential I cannot tell you exactly when the selloff in Plug Power stock will end. One analyst, however, thinks this lower stock price could offer new investors an opportunity to get into ARCE on the cheap. Therefore, the company has access to significant amounts of capital. All such factors are difficult to predict and are beyond WESCO’s control. Why It Matters: Official sales numbers from Japan in February are not available, but Elon Musk’s Tesla really needs all the help it can get to spur demand in Japan. Company Overview FAQ. Here’s the thinking. The registration statement was declared effective by the SEC on March 11, 2020 and the proxy statement/prospectus has been mailed to Anixter’s stockholders. Through Anixter International’s unmatched global distribution network along with its supply chain and technical expertise, the company helps lower the cost, risk and complexity of its customers’ supply chains. Noting that each is set to take back off on an upward trajectory, the analysts see an attractive entry point. Connect with the definitive source for global and local news, http://wesco.investorroom.com/sec-filings [wesco.investorroom.com], http://investors.anixter.com/financials/sec-filings [investors.anixter.com], http://www.prnewswire.com/news-releases/wesco-international-and-anixter-international-announce-post-closing-leadership-team-301068734.html. The veteran value investor John Rogers predicted the US is headed for a repeat of the “roaring twenties” a century ago that will finally encourage investors to dump tech stocks in favour of companies more sensitive to the economy. Logo. We are working on an upload feature to allow everyone to upload logos! In Wayne Duggan's "Zoom Video Analysts Cautious Following Earnings Beat: 'Rich Multiple Given Implied Deceleration'" find out what headwinds Zoom Video Communications Inc (NASDAQ: ZM) may be facing. But, what I can tell you is that — even after factoring in higher rates — Plug Power stock is significantly undervalued relative to the company’s long-term earnings growth potential. A new wealth tax appears to be back on the table, and another new COVID-19 vaccine may be on the way. The combined company has a comprehensive and balanced portfolio that unites WESCO's capabilities in industrial, construction, and utility with Anixter's expertise in data communications, security, and wire and cable. Under the terms of the agreement, each share of Anixter common stock will be converted into the right to receive $70.00 in cash (subject to increase as described below), 0.2397 shares of WESCO common stock and preferred stock consideration valued at $15.89, based on the value of its liquidation preference. Provides Immediate Earnings Accretion and Significant Free Cash Flow Generation. Bulls In Jayson Derrick's "Analyst Increasingly Confident In Disney As A Big Reopening Beneficiary," see why Walt Disney Co (NYSE: DIS) is well positioned to benefit from pent-up demand for experiences and travel. With those inputs, my valuation model outputs a fair value for PLUG stock today of about $60. Churchill Capital CEO Michael Klein is well-known Wall Street veteran. Over the past year, TSLA (NASDAQ:TSLA) stock is up about 300%. For readers unfamiliar, the law of demand states if a firm raises prices on a given good or service, the demand for said good or service shrinks. See more from BenzingaClick here for options trades from BenzingaBenzinga's Weekly Bulls And Bears: Airbnb, Apple, Kroger, Starbucks, Tesla And MoreBarron's Latest Picks And Pans: Berkshire Hathaway, Citigroup, Dow, Twitter And More© 2021 Benzinga.com. The tech sector selloff is a bloodbath, and bloodbaths like this tend to take some time to shake out.InvestorPlace - Stock Market News, Stock Advice & Trading Tips But, what I am saying is that Plug Power is a disruptive innovator with huge long-term potential, and that relative to that long-term potential, PLUG stock is significantly undervalued today. Copies of the documents filed with the SEC by WESCO will be available free of charge on WESCO’s website at http://wesco.investorroom.com/sec-filings [wesco.investorroom.com] and copies of the documents filed with the SEC by Anixter will be available free of charge on Anixter’s website at http://investors.anixter.com/financials/sec-filings [investors.anixter.com]. These risks, uncertainties and assumptions also include impact of natural disasters, health epidemics and other outbreaks, especially the outbreak of COVID- 19 since December 2019, which may have a material adverse effect on WESCO, Anixter and/or the combined company’s business, results of operations and financial condition, the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the Merger that could reduce anticipated benefits or cause the parties to abandon the proposed transaction, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of WESCO’s common stock, the risk of any unexpected costs or expenses resulting from the proposed transaction, the risk of any litigation relating to the proposed transaction, the risk that the proposed transaction and its announcement could have an adverse effect on the ability of WESCO or Anixter to retain customers and retain and hire key personnel and maintain relationships with their suppliers, customers and other business relationships and on their operating results and businesses generally, the risk that the pending proposed transaction could distract management of both entities and they will incur substantial costs, the risk that problems may arise in successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected, the risk that the combined company may be unable to achieve synergies or other anticipated benefits of the proposed transaction or it may take longer than expected to achieve those synergies or benefits, the risk that leverage of the combined company may be higher than anticipated and other important factors that could cause actual results to differ materially from those projected. Joe Biden's stimulus check changes: Do you still qualify for $1,400? Despite the frothy valuation of the company, investors are excited about the prospects. Buy), and his $18 price target implies a robust upside of 157% for the coming year. It is very important to do your own analysis before making any investment. This is a transformational combination that provides substantial value creation for our customers, supplier partners, employees, investors, and the communities in which we operate. All rights reserved. Now, they are near $24. It is important to remember that Lucid Motors is still a pre-revenue auto group. It is important to note that this product will not be a substitute for learning systems, rather a complement. Costco Wholesale Corporation (NASDAQ: COST) stock may continue to tread water for a while, according to an analyst featured in "Why Costco Is A Long-Term Hold, But Faces Tough Comparable Sales" by Chris Katje. Will RuthrauffWESCO International, Inc. (412) 454-4220wruthrauff@wesco.com. AXE | Complete Alexander's Inc. stock news by MarketWatch. Indeed, my numbers say shares are worth close to $60 today. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. By 2030, I see Plug Power’s technology powering big segments of the global economy. Mr. Cameron joined WESCO in 2011 and has led Utility since 2014 and gained additional responsibility for Broadband in 2016. These forward-looking statements are based on current expectations and beliefs of WESCO’s management as well as assumptions made by, and information currently available to, WESCO’s management, current market trends and market conditions and involve risks and uncertainties, many of which are outside of WESCO’s and WESCO’s management’s control, and which may cause actual results to differ materially from those contained in forward-looking statements. The company helps build, connect, protect, and power valuable assets and critical infrastructures. Those risks, uncertainties and assumptions include the risk of any unexpected costs or expenses resulting from the transaction, the risk of any litigation or post-closing regulatory action relating to the transaction, the risk that the transaction could have an adverse effect on the ability of the combined company to retain customers and retain and hire key personnel and maintain relationships with its suppliers, customers and other business relationships and on its operating results and business generally, the risk that problems may arise in successfully integrating the businesses of the companies or that the combined company could be required to divest one or more businesses, which may result in the combined company not operating as effectively and efficiently as expected, the risk that the combined company may be unable to achieve synergies or other anticipated benefits of the proposed transaction or it may take longer than expected to achieve those synergies or benefits, the impact of natural disasters, health epidemics and other outbreaks, especially the outbreak of COVID-19 since December 2019, which may have a material adverse effect on the combined company's business, results of operations and financial conditions, and other important factors that could cause actual results to differ materially from those projected. And when inflation starts rising, so do interest rates – and that’s when stocks typically slide. Wesco's previous bid was valued at $97 a share in cash and stock, above the CD&R deal of $93.50 a share in cash. The key point to Evaxion, as far as investors are concerned, are the two candidates in Phase IIa clinical trials. Anixter International Inc. AXE, announced Monday an agreement to be acquired by Wesco Interational Inc. WCC, -1.63% in a deal valued at $4.5 billion. Compare Anixter International vs WESCO International BETA See how working at Anixter International vs. WESCO International compares on a variety of workplace factors. Logo. For instance, the tech sector was still taking a bruising last week. John Engel, Chairman, President, and Chief Executive Officer, said, “We are very pleased to reach this critical milestone and announce the formation of our future senior leadership team comprised of outstanding leaders from both WESCO and Anixter. Upon completion of the merger, Anixter became a wholly owned subsidiary of WESCO International. One tech giant in particular also could lose a billion defense contract, and it admitted to being the target of a major server hack last week as well. Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. I imagine the company will dominant the materials handling market, and have sizable market share in the stationary and long-haul trucking end-markets. Yet, the recent sell-off could be an opportunity as the business remains sound amid these challenging times, according to 5-star analyst Daniel Ives, of Wedbush. These forward-looking statements are identified by words such as anticipate, plan, believe, estimate, intend, expect, project, will and similar words, phrases or expressions. The CPPIB disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission. The combined company offers strong free cash flow generation, supporting continued investments in the business and enabling a return of capital to stockholders in the future. The company described 2020 as a “testament to the resilience of our business.” By the numbers, Arco reported strong revenue gains in 2020 – no surprise, considering the move to remote learning. I look forward to reporting on our progress and the success of this transformational combination in the months ahead. The product will be focused on offering courses (e.g. WESCO International, Inc. They believe their stepped-up marketing investment should lead to accelerating policy count growth as the year progresses and provide a substantial tailwind heading into 2022. Mr. Dosch has served in his current position since 2011 and previously held the position of Senior Vice President of Global Finance for Anixter. Shares are trading for $33.73 and have an average price target of $51, which suggests a 51% upside from that level. It’s how his Daily 10X Report has averaged up to a ridiculous 100% return across all recommendations since launching last May. Thus, normalized, the 10-Year yield should settle around 2% and remain there for most of 2022 and 2023. "JPMorgan Turns Bullish On Plug Power, Predicts 'Meaningful Share Of Future Hydrogen Economy'" by Wayne Duggan examines why one top analyst called Plug Power Inc (NASDAQ: PLUG) an excellent story stock in a market hungry for growth. Wood shared her thoughts on the fintech market, where she sees huge growth ahead. There were some positive signs in the retail sector. The combined company generated pro forma 2019 revenue of more than $17 billion and is a leading electrical and data communications distributor in North America. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support What's the Average 401(k) Balance by Age? Which stock am I talking about? John Engel, … Anixter's shares ceased trading prior to the market open on June 22, 2020, and each share of Anixter common stock has been converted in the merger into the right to receive $72.82 in cash (without interest), 0.2397 shares of WESCO common stock, and preferred stock consideration consisting of 0.6356 depositary shares, each whole share representing a fractional interest in WESCO's newly created 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock. WESCO and Anixter currently anticipate completing the transaction during the second or third quarter of 2020. Stoltzfus sees us in the preparatory phases of further market gains, and he goes to great lengths to explain his outlook. Engaged Employer. For instance two years ago, Churchill announced a merger with Clarivate Analytics, a leading global provider of comprehensive intellectual property and scientific information, analytical tools and services. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Importantly, the 10-Year yield has historically never surpassed the 3-Month yield plus real GDP growth unless during a time of significant economic contraction (and therefore, negative GDP growth). WESCO International, Inc. Our positive outlook is based on potential for Phase I/II study of SNS-301 ASPH ImmunoPhage to demonstrate clinically meaningful benefit in first-line treatment and neoadjuvant head and neck cancer settings based on improved durability of response,” DeGeeter commented. Shares of hydrogen fuel cell maker Plug Power (NASDAQ:PLUG) have been hammered amid the recent tech sector meltdown, as a sharp rise in long-term yields has put significant downward pressure on growth stock valuations. All Around the World. Additionally, the added scale benefit of the combination provides us with opportunities to drive efficiencies in our supply chain and invest in digital solutions and our technology platform to better partner with our suppliers and customers. The content is intended to be used for informational purposes only. Arco Platform is a Brazilian educational company offering content, technology, supplemental programs, and specialized services to school clients in Brazil. “We still believe the company is well positioned to capture market share in the nearly ~$50B analytics, business intelligence, and data preparation market with its code-friendly end-to-end data prep and analytics platform once pandemic pressures subside…. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. WESCO and Anixter recently announced the future leadership team and organizational structure that will become effective upon the completion of the merger of the two companies. He has served in his current position since 2016. To us, this seems part of a deliberate strategy to marginally shift the balance between topline growth and profitability slightly more in favor of the latter,” Squali noted. Squali’s rating on the stock is a Buy, and his $24 price target suggests a 95% upside in the months ahead. The company forecasted a range of between $104 million to $107 million in revenue, compared to $119 million analysts had expected. WESCO will share further details about its integration planning and anticipated operational and reporting structure once the transaction closes. (To watch DeGeeter’s track record, click here) Sensei has only been a public company for a few weeks, but in that time it has attracted 4 analyst reviews – all are Buys, making the analyst consensus view a unanimous Strong Buy. A bit of a learning curve at first but the work is very manageable. To be clear, I’m not saying PLUG stock will reverse course right now and surge back to $70. In addition, WESCO announced a new Chief Transformation Officer position with responsibility for completion of the integration process, aligning the company’s IT systems and digital transformation efforts, and extending WESCO’s historical strength of lean processes across the entire enterprise. ", "I would like to welcome all WESCO and Anixter team members to our new combined company and thank them for their outstanding dedication and service. Square and Paypal rank first and second, respectively, for assets in the Ark Fintech Innovation ETF, representing 9.9% and 5.4%, respectively, of the fund’s assets. However, investors were wary of the lower-than-expected guidance. But it’s not the best growth stock to buy on the dip. Ark Funds CEO and Founder Cathie Wood joined Benzinga’s “Raz Report” this week and discussed the history of Ark Funds. Root has also been expanding its model to the renters insurance market. All statements made herein that are not historical facts should be considered as forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Source: Shutterstock That’s a steep drop in a stock that has very strong fundamentals. “Digital wallets are not only going to do our banking, they’re going to be bank branches in our pockets," she said. Calculating the potential in all those end-markets, I see Plug Power’s revenues eclipsing $10 billion by 2030. Credit Suisse's Daniel Federle rates ARCE an Outperform (i.e. Model 3 Standard Range Before Price Cut Model 3 Standard Range After Price Cut $48,000 $41,000 5.11-million yen 4.29-million yen Model 3 Long Range Before Price Cut Model 3 Long Range After Price Cut $60,450 46,052 6.55-million yen 4.99-million yen (Pricing on the Performance Model 3 remains unchanged.) These Are The 5 Best Stocks To Buy And Watch Now, In a Year, You’ll Be Glad You Bought Plug Power Stock Today, The Next Tesla May Emerge From This Explosion Of New EV Stocks. The founder of Ariel Investments told the Financial Times in an interview that value investing “dinosaurs” like him stood to win as higher economic growth and rising interest rates took the air out of some of the hottest stocks of recent years. Logo. The senior leadership team will consist of leaders of three global Strategic Business Units (SBUs), as well as the company’s corporate finance, human resources, legal, and supply chain/operations functions. Bottom Line on CCIV Stock It is too soon to know how the share price of CCIV stock will move in the coming quarters. More From Hypergrowth Investing Silicon Valley Whiz Kid Reveals #1 Tech Stock in America With the Lucid Motors Merger Confirmed, CCIV Stock Is Your 10X Opportunity 7 Explosive Cryptocurrencies to Buy After the Bitcoin Halvening 15 EV Stocks to Buy as GM Goes All-Electric The post In a Year, You’ll Be Glad You Bought Plug Power Stock Today appeared first on InvestorPlace. Alteryx (AYX) We’ll start with Alteryx, an analytic software company based in California that takes advantage of the great changes brought by the information age. In Q4, the company reported net income of 32 cents per share on $160.5 million in total revenues, beating consensus estimates. Thus, the 3-Month Treasury yield will remain near-zero for the foreseeable future. Customers include commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. Chris Katje's "Roku Will Take Lion's Share Of Streaming TV Market, According To Cathie Wood" discusses why Roku Inc (NASDAQ: ROKU) will thrive in the huge transition from linear to streaming television. Entities associated with Sam Zell, chairman of the Anixter board, which own approximately 10.8 percent of the outstanding shares of Anixter common stock, have entered into a voting agreement with WESCO, pursuant to which they have agreed, among other things, to vote their … (To watch Squali’s track record, click here) Shares in Root are selling for $12.30 each, and the average target of $22 indicates a possible upside of ~79% by year’s end. The company boasts over 5,400 schools on its client list, with programs and products in classrooms from kindergarten through high school – and over 405,000 students using Arco Platform learning tools. Accordingly, you should not place undue reliance on such statements. See Also: How To Buy Tesla Stock. But large amounts of capital and time are required before significant revenue will be made. By my math, then, yields have another 50 basis points to go over the next 24+ months. WESCO and Anixter currently anticipate completing the transaction during the second or third quarter of 2020.