Wall St Engine
$PONY AI has confidentially filed for a Hong Kong listing, Bloomberg reports. The move comes less than a year after its $413M U.S. IPO & aims to support growth plans. Pony AI recently expanded with $UBER in the Middle East & is prepping new robotaxi models with Toyota, GAC & BAIC
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$PONY AI has confidentially filed for a Hong Kong listing, Bloomberg reports. The move comes less than a year after its $413M U.S. IPO & aims to support growth plans. Pony AI recently expanded with $UBER in the Middle East & is prepping new robotaxi models with Toyota, GAC & BAIC
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Wall St Engine
UBS Raises $FSLR PT to $255 from $235, Maintains Buy Rating
Analyst comments: "First Solar remains our top pick, and we increase our price target to $255 to reflect increasing conviction that the 45X domestic tax credits will survive in the Republican budget. On May 12, 2025, the House Ways & Means Committee introduced a budget proposal that included relatively minor changes to utility-scale solar tax policy support compared to market concerns, in our view.
Notably, the proposal includes only a one-year pull forward of the Advanced Manufacturing Production (45X) tax credit phase-out and the elimination of tax credit transferability. We view this proposal as a win for utility-scale solar, given it represents a better-than-worst-case outcome for renewable tax policy. However, the proposal is not final until the bill is passed."
Analyst: Jon Windham
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UBS Raises $FSLR PT to $255 from $235, Maintains Buy Rating
Analyst comments: "First Solar remains our top pick, and we increase our price target to $255 to reflect increasing conviction that the 45X domestic tax credits will survive in the Republican budget. On May 12, 2025, the House Ways & Means Committee introduced a budget proposal that included relatively minor changes to utility-scale solar tax policy support compared to market concerns, in our view.
Notably, the proposal includes only a one-year pull forward of the Advanced Manufacturing Production (45X) tax credit phase-out and the elimination of tax credit transferability. We view this proposal as a win for utility-scale solar, given it represents a better-than-worst-case outcome for renewable tax policy. However, the proposal is not final until the bill is passed."
Analyst: Jon Windham
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Wall St Engine
$GLBE | Global-e Online Q1 2025 Earnings Highlights
🔹 EPS: -$0.11 (Est. -$0.13) 🟢
🔹 Revenue: $189.9M (Est. $187.75M) 🟢; +30% YoY
🔹 GMV: $1.24B; +34% YoY
🔹 Adj. Gross Margin: 45.4%
🔹 Adj EBITDA: $31.6M
Q2'25 Guidance
🔹 Revenue: $204M–$211M (Est. $212.3M) 🔴
🔹 GMV: $1.39B–$1.43B
🔹 Adjusted EBITDA: $35M–$39M
FY25 Guidance
🔹 Revenue: $917M–$967M (Est. $938.8M) 🟡
🔹 GMV: $6.19B–$6.49B
🔹 Adjusted EBITDA: $179M–$199M
Strategic & Operational Updates
🔸 Extended multi-year strategic partnership with Shopify for both 1P and 3P solutions
🔸 Launched “3B2C” solution to mitigate pricing issues without full multi-local setup
🔸 Revamped Merchant Portal with real-time BI dashboards
🔸 Expanded across regions with new merchants like Atletico Madrid, Adidas HK, Bandai-Namco, and VIBAe
🔸 CEO: “Strong Q1 in volatile macro backdrop. Duty/tariff dynamics remain uncertain, but pipeline activity remains high.”
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$GLBE | Global-e Online Q1 2025 Earnings Highlights
🔹 EPS: -$0.11 (Est. -$0.13) 🟢
🔹 Revenue: $189.9M (Est. $187.75M) 🟢; +30% YoY
🔹 GMV: $1.24B; +34% YoY
🔹 Adj. Gross Margin: 45.4%
🔹 Adj EBITDA: $31.6M
Q2'25 Guidance
🔹 Revenue: $204M–$211M (Est. $212.3M) 🔴
🔹 GMV: $1.39B–$1.43B
🔹 Adjusted EBITDA: $35M–$39M
FY25 Guidance
🔹 Revenue: $917M–$967M (Est. $938.8M) 🟡
🔹 GMV: $6.19B–$6.49B
🔹 Adjusted EBITDA: $179M–$199M
Strategic & Operational Updates
🔸 Extended multi-year strategic partnership with Shopify for both 1P and 3P solutions
🔸 Launched “3B2C” solution to mitigate pricing issues without full multi-local setup
🔸 Revamped Merchant Portal with real-time BI dashboards
🔸 Expanded across regions with new merchants like Atletico Madrid, Adidas HK, Bandai-Namco, and VIBAe
🔸 CEO: “Strong Q1 in volatile macro backdrop. Duty/tariff dynamics remain uncertain, but pipeline activity remains high.”
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Wall St Engine
PERPLEXITY PARTNERS WITH PAYPAL TO LAUNCH CHAT-POWERED COMMERCE
Perplexity users in the U.S. will soon be able to book travel, shop, and buy tickets directly in-chat, paying with PayPal or Venmo. PayPal handles payments, shipping, and support. The deal comes as Perplexity closes a $500M raise at a $14B valuation — CNBC
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PERPLEXITY PARTNERS WITH PAYPAL TO LAUNCH CHAT-POWERED COMMERCE
Perplexity users in the U.S. will soon be able to book travel, shop, and buy tickets directly in-chat, paying with PayPal or Venmo. PayPal handles payments, shipping, and support. The deal comes as Perplexity closes a $500M raise at a $14B valuation — CNBC
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Wall St Engine
EIGHT SLEEP EXPANDS TO CHINA AHEAD OF IPO
The smart mattress startup just launched its $2,849 Pod 5, using AI to track heart rate and breathing without wearables. Revenue has grown 10x since 2020, with $500M in sales to date. Now pushing into China, Saudi, & more ahead of a IPO https://t.co/DcfrhM0z0D
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EIGHT SLEEP EXPANDS TO CHINA AHEAD OF IPO
The smart mattress startup just launched its $2,849 Pod 5, using AI to track heart rate and breathing without wearables. Revenue has grown 10x since 2020, with $500M in sales to date. Now pushing into China, Saudi, & more ahead of a IPO https://t.co/DcfrhM0z0D
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Wall St Engine
$SMCI shares are trading higher after landing a $20B multi-year deal with Saudi data center firm DataVolt. Supermicro will supply high-density GPU platforms and liquid cooling tech for AI campuses in Saudi Arabia and the U.S., with plans to scale U.S. manufacturing. https://t.co/IF2fxUz819
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$SMCI shares are trading higher after landing a $20B multi-year deal with Saudi data center firm DataVolt. Supermicro will supply high-density GPU platforms and liquid cooling tech for AI campuses in Saudi Arabia and the U.S., with plans to scale U.S. manufacturing. https://t.co/IF2fxUz819
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Wall St Engine
Bernstein Reiterates Outperform Rating on $WING, PT $330; Just Scratching the Surface of its Potential'
Analyst comments: "Wingstop’s Smart Kitchen was contemplated in the average unit volume long-term target of $3 million, but its rollout to the full system by end of FY25 may boost same-store sales above guidance. The sales lift observed in test stores was driven by greater consistency and a 50% reduction in quote time to 10 minutes, as the front-line is empowered to accurately cook the right order ahead of the order being actually placed—using forecasts refined via extensive data (history, weather, community events, betting agency data to measure excitement levels of sporting events, etc.).
We see the Smart Kitchen as a vehicle to drive more conversion, more user occasions, and repeat transactions—which we view as more critical than closing the awareness gap at this stage of growth. We continue to see Wingstop as just scratching the surface of its potential: increasing the delivery share from 30% to over 50%, winning 20% of the young/adult off-premises occasion, and reaching over 10,000 stores globally."
Analyst: Danilo Gargiulo
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Bernstein Reiterates Outperform Rating on $WING, PT $330; Just Scratching the Surface of its Potential'
Analyst comments: "Wingstop’s Smart Kitchen was contemplated in the average unit volume long-term target of $3 million, but its rollout to the full system by end of FY25 may boost same-store sales above guidance. The sales lift observed in test stores was driven by greater consistency and a 50% reduction in quote time to 10 minutes, as the front-line is empowered to accurately cook the right order ahead of the order being actually placed—using forecasts refined via extensive data (history, weather, community events, betting agency data to measure excitement levels of sporting events, etc.).
We see the Smart Kitchen as a vehicle to drive more conversion, more user occasions, and repeat transactions—which we view as more critical than closing the awareness gap at this stage of growth. We continue to see Wingstop as just scratching the surface of its potential: increasing the delivery share from 30% to over 50%, winning 20% of the young/adult off-premises occasion, and reaching over 10,000 stores globally."
Analyst: Danilo Gargiulo
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Wall St Engine
Needham Raises $HOOD PT to $71 from $58 -Buy Rating
Analyst comments: "We continue to be impressed by HOOD's product expansion. Not only has the company shown breadth in its product suite, but also depth, as we believe HOOD will become more competitive within crypto specifically. In addition to the Bitstamp acquisition (still expected to close in 2H 2025), HOOD acquired Canadian-based WonderFi this past week.
We view both transactions as increasing HOOD's depth in crypto for institutional users—a new customer base—and internationally in Europe and Canada. Finally, we see more crypto-specific rollouts on the horizon; we would expect more asset listings in the U.S. as well as possibly HOOD launching its own blockchain or some variant. We believe these additions would materially increase HOOD’s product depth.
We are raising our price target to $71 and note near-term catalysts, including HOOD's June France Crypto event, as positives."
Analyst: John Todaro
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Needham Raises $HOOD PT to $71 from $58 -Buy Rating
Analyst comments: "We continue to be impressed by HOOD's product expansion. Not only has the company shown breadth in its product suite, but also depth, as we believe HOOD will become more competitive within crypto specifically. In addition to the Bitstamp acquisition (still expected to close in 2H 2025), HOOD acquired Canadian-based WonderFi this past week.
We view both transactions as increasing HOOD's depth in crypto for institutional users—a new customer base—and internationally in Europe and Canada. Finally, we see more crypto-specific rollouts on the horizon; we would expect more asset listings in the U.S. as well as possibly HOOD launching its own blockchain or some variant. We believe these additions would materially increase HOOD’s product depth.
We are raising our price target to $71 and note near-term catalysts, including HOOD's June France Crypto event, as positives."
Analyst: John Todaro
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