Verbund (OTC:OEZVY) Stock, Quote.Headers.trade-ideas

VERBUND AG

Founded in 1947 through a nationalization act, Verbund is the leading power producer in Austria. The Austrian state owns 51% of its capital. Hydro accounts for more than 90% of the total power output. Hydro power is generated from reservoirs and pumped storage plants in the Austrian Alps, and run-of-river plants in Austria and southern Germany. Total hydro capacity amounts to 8.4 GW. Verbund also owns the Austrian electricity grid through its fully owned subsidiary AP. In 2021, the firm acquired 51% of Gas Connect Austria, a gas transmission and distribution system operator. The group also owns one CCGT and is involved in trading and development of wind and solar capacity.

Analyst Color

Specialty ETFs

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Analyst Ratings

ETFs

COENF

FSLR

iShares S&P Global Clean Energy Index Fund

ICLN

OEZVY

PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

SMOG

Clean energy stocks have been top performers in 2020, and traders are optimistic that a potential blue wave in the November election could open the door for a more favorable environment for clean energy in the U.S.

On Monday, BofA Securities initiated coverage of four clean energy ETFs and chose its top pick among the four.

BofA Names Its Top Clean Energy ETF Pick

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Stocks That Hit 52-Week Highs On Monday

Verbund AG

&nbsp;
<h2>Upgrades</h2>
<ul>
<li>According to Craig-Hallum, the prior rating for Gentherm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRM#NASDAQ">THRM</a>) was changed from Hold to Buy. For the second quarter, Gentherm had an EPS of $0.85, compared to year-ago quarter EPS of $0.30. The current stock performance of Gentherm shows a 52-week-high of $83.99 and a 52-week-low of $38.19. Moreover, at the end of the last trading period, the closing price was at $81.48.</li>
<li>RBC Capital upgraded the previous rating for T-Mobile US Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) from Sector Perform to Outperform. In the second quarter, T-Mobile US showed an EPS of $0.78, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $150.20 and a 52-week-low of $104.54. T-Mobile US closed at $144.63 at the end of the last trading period.</li>
<li>Needham upgraded the previous rating for KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) from Hold to Buy. In the fourth quarter, KLA showed an EPS of $4.43, compared to $2.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $359.69 and a 52-week-low of $171.31. KLA closed at $319.43 at the end of the last trading period.</li>
<li>Piper Sandler upgraded the previous rating for Alexander &amp; Baldwin Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALEX#NYSE">ALEX</a>) from Neutral to Overweight. Alexander &amp; Baldwin earned $0.18 in the second quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $20.28 and a 52-week-low of $10.04. At the end of the last trading period, Alexander &amp; Baldwin closed at $19.35.</li>
<li>B of A Securities upgraded the previous rating for The Hartford Financial Services Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) from Neutral to Buy. In the second quarter, Hartford Finl Servs Gr showed an EPS of $2.33, compared to $1.22 from the year-ago quarter. The current stock performance of Hartford Finl Servs Gr shows a 52-week-high of $69.94 and a 52-week-low of $34.69. Moreover, at the end of the last trading period, the closing price was at $63.21.</li>
<li>For SPS Commerce Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>), Baird upgraded the previous rating of Neutral to Outperform. For the second quarter, SPS Commerce had an EPS of $0.46, compared to year-ago quarter EPS of $0.37. The stock has a 52-week-high of $118.06 and a 52-week-low of $70.15. At the end of the last trading period, SPS Commerce closed at $100.37.</li>
<li>According to Citigroup, the prior rating for GreenSky Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSKY#NASDAQ">GSKY</a>) was changed from Sell to Neutral. In the second quarter, GreenSky showed an EPS of $0.25, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $7.40 and a 52-week-low of $3.34. At the end of the last trading period, GreenSky closed at $6.28.</li>
<li>According to JP Morgan, the prior rating for Ashland Global Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) was changed from Underweight to Neutral. For the third quarter, Ashland Global Holdings had an EPS of $1.22, compared to year-ago quarter EPS of $0.84. At the moment, the stock has a 52-week-high of $95.96 and a 52-week-low of $66.95. Ashland Global Holdings closed at $84.91 at the end of the last trading period.</li>
<li>For Gibraltar Industries Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROCK#NASDAQ">ROCK</a>), Keybanc upgraded the previous rating of Sector Weight to Overweight. In the first quarter, Gibraltar Industries showed an EPS of $0.53, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $103.02 and a 52-week-low of $50.43. At the end of the last trading period, Gibraltar Industries closed at $73.80.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
&nbsp;
<h2>Downgrades</h2>
<ul>
<li>For Citrix Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTXS#NASDAQ">CTXS</a>), Barclays downgraded the previous rating of Overweight to Underweight. In the second quarter, Citrix Systems showed an EPS of $1.24, compared to $1.53 from the year-ago quarter. The stock has a 52-week-high of $148.47 and a 52-week-low of $94.66. At the end of the last trading period, Citrix Systems closed at $99.00.</li>
<li>For Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), JP Morgan downgraded the previous rating of Overweight to Neutral. In the second quarter, Pinterest showed an EPS of $0.25, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $89.90 and a 52-week-low of $24.24. At the end of the last trading period, Pinterest closed at $72.04.</li>
<li>According to Goldman Sachs, the prior rating for Agios Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIO#NASDAQ">AGIO</a>) was changed from Neutral to Sell. Agios Pharmaceuticals earned $1.44 in the second quarter, compared to $1.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $62.16 and a 52-week-low of $32.47. Agios Pharmaceuticals closed at $49.84 at the end of the last trading period.</li>
<li>According to JP Morgan, the prior rating for Axcella Health Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXLA#NASDAQ">AXLA</a>) was changed from Neutral to Underweight. Axcella Health earned $0.42 in the second quarter, compared to $0.48 in the year-ago quarter. The current stock performance of Axcella Health shows a 52-week-high of $6.84 and a 52-week-low of $3.03. Moreover, at the end of the last trading period, the closing price was at $3.60.</li>
<li>According to Canaccord Genuity, the prior rating for Misonix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSON#NASDAQ">MSON</a>) was changed from Buy to Hold. In the third quarter, Misonix showed an EPS of $0.22, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $24.42 and a 52-week-low of $11.04. At the end of the last trading period, Misonix closed at $23.84.</li>
<li>JMP Securities downgraded the previous rating for Proofpoint Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFPT#NASDAQ">PFPT</a>) from Outperform to Market Perform. Proofpoint earned $0.63 in the second quarter, compared to $0.51 in the year-ago quarter. At the moment, the stock has a 52-week-high of $175.25 and a 52-week-low of $91.60. Proofpoint closed at $174.63 at the end of the last trading period.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
&nbsp;
<h2>Initiations</h2>
<ul>
<li>Cantor Fitzgerald initiated coverage on PolyPid Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPD#NASDAQ">PYPD</a>) with an Overweight rating. The price target for PolyPid is set to $24.00. In the first quarter, PolyPid earned $0.47. At the moment, the stock has a 52-week-high of $16.50 and a 52-week-low of $6.95. PolyPid closed at $7.23 at the end of the last trading period.</li>
<li>With a Buy rating, Needham initiated coverage on N-able Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NABL#NYSE">NABL</a>). The price target seems to have been set at $17.00 for N-able. &nbsp;Moreover, at the end of the last trading period, the closing price was at $13.47.</li>
<li>With a Buy rating, Needham initiated coverage on ironSource Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IS#NYSE">IS</a>). The price target seems to have been set at $12.00 for ironSource. At the moment, the stock has a 52-week-high of $11.25 and a 52-week-low of $7.80. ironSource closed at $8.66 at the end of the last trading period.</li>
<li>JP Morgan initiated coverage on Grid Dynamics Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDYN#NASDAQ">GDYN</a>) with an Overweight rating. The price target for Grid Dynamics Holdings is set to $25.00. In the first quarter, Grid Dynamics Holdings showed an EPS of $0.05, compared to $0.04 from the year-ago quarter. The current stock performance of Grid Dynamics Holdings shows a 52-week-high of $21.13 and a 52-week-low of $6.45. Moreover, at the end of the last trading period, the closing price was at $19.06.</li>
<li>BTIG initiated coverage on Riot Blockchain Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) with a Buy rating. The price target for Riot Blockchain is set to $45.00. In the first quarter, Riot Blockchain showed an EPS of $0.09, compared to $0.15 from the year-ago quarter. The current stock performance of Riot Blockchain shows a 52-week-high of $79.50 and a 52-week-low of $2.35. Moreover, at the end of the last trading period, the closing price was at $31.90.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

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Benzinga's Top Ratings Upgrades, Downgrades For July 30, 2021

Societe Generale downgrades Verbund (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OEZVY#OTC">OEZVY</a>) from Hold to Sell.

Societe Generale Downgrades Verbund to Sell

Clean energy stocks have been top performers in 2020, and traders are optimistic that a potential blue wave in the November election could open the door for a more favorable environment for clean energy in the U.S.
On Monday, BofA Securities initiated coverage of four clean energy ETFs and chose its&nbsp;top pick among the four.
The Analyst: BofA analyst Elias Lanik initiated coverage of the following ETFs:
<ul>
<li>iShares Global Clean Energy ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icln#NASDAQ">ICLN</a>), Buy rating.</li>
<li>First Trust NASDAQ Clean Edge Green Energy Idx Fd ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcln#NASDAQ">QCLN</a>), Hold rating.</li>
<li>VanEck Vectors Low Carbon Energy ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smog#NYSE">SMOG</a>), Hold rating.</li>
<li>Invesco WilderHill Clean Energy ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbw#NYSE">PBW</a>), Hold rating.</li>
</ul>
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/20/10/17942170/do-millennials-care-about-the-stock-market">Do Millennials Care About The Stock Market?</a>
The Thesis: Lanik said he is bullish on clean energy stocks as a whole given the global secular transition from fossil fuels to renewable energy.
Yet that bullish outlook doesn&rsquo;t mean investors should snatch up each and every clean energy stock and ETF, the analyst said.&nbsp;
&ldquo;Significant performance dispersion across the group shows the wide range of approaches towards building a portfolio of clean energy stocks is an important consideration for investors,&rdquo; he said.&nbsp;
Lanik names the ICLN ETF as his top clean energy ETF and said the fund has an attractive collection of BofA Buy-rated stocks, has diversified exposure to climate change themes and has the deepest liquidity profile of the four funds mentioned.
The ICLN fund has 30 total holdings, and 37% of its stocks have Bank of America Buy ratings. Top stock holdings include First Solar, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fslr#NASDAQ">FSLR</a>), Contact Energy Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/coenf#OTC">COENF</a>) and VERBUND AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/oezvy#OTC">OEZVY</a>).
Benzinga&rsquo;s Take: These clean energy ETFs could certainly experience some volatility associated with the U.S. election given that Democrats have made green energy a centerpiece of their party platform.
Given the wide range of stock performance within the space, a diversified, liquid ETF such as the ICLN fund is certainly a great way to invest in green energy while mitigating risk and volatility.

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DISCOVERY METALS CORP ORD by Discovery Metals Corp

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Verbund AG (OTC: OEZVY) reported a rise in its earnings in the first quarter.

Verbund's quarterly operating income surged 22% to EUR263.6 million. The group's after tax profit gained 10% y/y to EUR119.5 million.

Its revenue climbed to EUR837.8 million from EUR706.5 million.

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