Thursday Could Be Huge For Tesla

In a report published Monday, Deutsche Bank analysts maintained a Buy rating on

, with a price target of $245, saying that the company's announcement on Thursday could be significant. Tesla is scheduled to announce the launch of a suite of home and utility grid sized stationary storage products on April 30. "We have not factored any benefit from this market opportunity into our views on Tesla. Until now, the market has not been provided with sufficient information on the company's planned product offerings, or their growth expectations, to make a judgment," the analysts said. Stationary storage could exhibit more potential than the Street currently expects. Although the company had previously "hinted at the bull case for this product line," with Stationary Storage applications accounting for a third of its Gigafactory's output, which translates to business worth $4.5 bn per year, the analysts wrote that they were "reluctant to opine on this business in the absence of information." "The bull case would be that this business could potentially add $5 to our 2020 EPS estimate of $20. At a 20x P/E, this would equate to $100 per share," the report added.