Zurn Elkay Water Stock (NYSE:ZWS), Trade Ideas

Zurn Elkay Water

Zurn Elkay Water Solutions Corp designs procure, manufactures, and markets a range of clean water solutions for drinking water, hygiene, and sustainable water management. The Zurn Elkay product portfolio includes professional-grade water control and safety, water distribution and drainage, drinking water, finish plumbing, hygienic, environmental and site works products for public and private spaces.

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Zurn Elkay Water Downgraded: Analyst Cautions Of Incremental Cracks Nearterm Amid Demand Slowdown

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	Barclays raised the price target for  Zscaler, Inc.  (NASDAQ: ZS) from $176 to $190. Barclays analyst Saket Kalia upgraded the stock from Equal-Weight to Overweight. Zscaler shares gained 6.7% to close at $163.59 on Friday.


Oracle To Rally Around 23%? Here Are 10 Other Analyst Forecasts For Monday

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The Federal Reserve&#39;s interest rate hike announcements have the potential to cause significant volatility in the stock market.

These &#39;20 Stocks To Watch&#39; Moved On Last Fed Rate Hike: How Will They React Today?

Zurn Elkay Water Solutions Corporation Common Stock

Zurn Elkay Water Solutions Corp

WIIM

SPWR

SunPower shares are trading lower after the company's audit committee concluded that financial statements from 2022 and 2023 are unreliable and will be restated. Additionally, Evercore ISI Group downgraded the stock from Outperform to In-Line.

Benchmark analyst Mike Hickey reiterates Roblox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) with a Buy and maintains $50 price target.

Reiteration

Benchmark Reiterates Buy on Roblox, Maintains $50 Price Target

VinFast Auto Signs Agreement With 12 Dealers In U.S.

Eaton Vance Massachusetts Municipal Income Trust

MultiMetaVerse Holdings Receives Nasdaq Notification Regarding Minimum Bid Price And Minimum Market Value Of Listed Securities

AGBA

AGBA Group shares are trading higher on continued upward momentum after the company on Friday announced it entered into a definitive merger agreement with Triller.

TLSA

Tiziana Life Sciences shares are trading higher after the company announced FDA allowance for additoinal patients to be enrolled in an intranasal foralumab multiple sclerosis expanded access program.

Benchmark analyst Cody Acree initiates coverage on Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Buy rating and announces Price Target of $200.

Initiation

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Benchmark Initiates Coverage On Qualcomm with Buy Rating, Announces Price Target of $200

HNRA

HNR Acquisition Corp Announces Notice Of Failure To Satisfy Continued Listing Rule Or Standard

JP Morgan analyst Tyler Langton downgrades MP Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) from Overweight to Neutral and announces $16 price target.

JP Morgan Downgrades MP Materials to Neutral, Announces $16 Price Target

BRAND REACHES 1 MILLION ACRES COMMITMENT TO INFLUENCE&nbsp; THE REGENERATIVE AGRICULTURE MOVEMENT

DECK

Deckers Brands Division, Ugg, Achieves Regenerative Agriculture Milestone

Plug Power, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading higher in the premarket session on Tuesday.</a>
In a press release, the company said&nbsp;it&nbsp;reached nameplate capacity at its&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38374996/plug-continues-to-make-substantial-advancement-in-hydrogen-generation-buildout" rel="noreferrer noopener">hydrogen plants in Georgia and Tennessee</a>.&nbsp;
With this increased supply from the hydrogen production network, Plug Power will benefit from a lower cost of hydrogen to achieve profitable growth.
Louisiana is on track to achieve mechanical completion by&nbsp;end&nbsp;of the third quarter of 2024, Plug Power said. The company&#8217;s Louisiana plant (Joint venture with&nbsp;Olin Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oln#NYSE">OLN</a>))&nbsp;is projected&nbsp;to add 15 TPD of liquid green hydrogen to Plug Power&#8217;s North American network by the end of&nbsp;the third quarter.
With the addition of the Louisiana plant, Plug Power will have 40 TPD of internal production capacity, meeting&nbsp;the majority&nbsp;of its customer&#8217;s demand.
Under the latest development, the company&#8217;s first green hydrogen plant in Georgia is already reaching a nameplate capacity of 15 tons per day (TPD) of liquid hydrogen production, marking a significant milestone for Plug Power&#8217;s hydrogen network and the hydrogen economy in the U.S.
As a part of the company&#8217;s efforts to restructure the business model, Plug Power implemented price increases across all its offerings, including equipment, service, and fuel.&nbsp;
Price Action: PLUG shares are trading higher by 4.38% to $2.599 premarket at the last check Tuesday. 
Photo via Shutterstock

Movers

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What's Going On With Plug Power Shares Tuesday?

Piper Sandler analyst Andrew Liesch maintains Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) with a Overweight and raises the price target from $37 to $38.

EQBK

Piper Sandler Maintains Overweight on Equity Bancshares, Raises Price Target to $38

Collaboration with leading telemedicine provider to offer marketing and distribution of STENDRA for Lemonaid Health's ED patients

Biotech

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Petros Pharmaceuticals Expands Online Distribution For Prescription STENDRA Through New Agreement With Lemonaid Health

DASH

DoorDash Announced Service With Wakefern Food And Its Customers Can Now Order Groceries And Daily Essentials On DoorDash From Several Retail Locations

Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) reported quarterly losses of $(0.19) per share which missed the analyst consensus estimate of $(0.09) by 111.11 percent. The company reported quarterly sales of $270.320 million which beat the analyst consensus estimate of $265.000 million by 2.01 percent. This is a 18.31 percent decrease over sales of $330.916 million the same period last year.

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Heartland Express Q1 2024 GAAP EPS $(0.19) Misses $(0.09) Estimate, Sales $270.320M Beat $265.000M Estimate

<ul>
<li>More than 18 contractual actions resulting in approximately $22.7 million in contract value
<ul>
<li>Approximately $1.0 million in commercial contracts</li>
<li>Approximately $21.7 million in government contracts</li>
</ul>
</li>
<li>Numerous federal contracts including: the U.S. Department of Homeland Security, U.S. Customs and Border Protection, the National Science Foundation and the Transportation Security Administration</li>
<li>Renewals and new orders for WidePoint's IAM offerings including university, aerospace and defense organizations</li>
<li>Multi-year Managed Services contracts with leading financial and bottling enterprises</li>
</ul>

Contracts

WidePoint Awarded $22.7M In Tech And Cyber Security Services Contracts During Q1 2024

<a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/867773/000086777324000047/spwr-20240417.htm" title="https://www.sec.gov/ix?doc=/Archives/edgar/data/867773/000086777324000047/spwr-20240417.htm">https://www.sec.gov/ix?doc=/Archives/edgar/data/867773/000086777324000047/spwr-20240417.htm</a>

SunPower's Audit Committee Concluded That Audited And Unaudited Financial Statements From 2022 And Q1-Q3 2023, Reported To SEC On December 18, 2023, In Various Forms, Are Unreliable And Will Be Restated; Not Fully Completed Its Review, And Expected Financial Impact Of Errors Prelim. And Subject To Change; Cannot Provide Assurance That Other Errors Will Not Be Identified

Post-spin-off&nbsp;GE Aerospace&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>)&nbsp;<a target="_blank" href="https://www.geaerospace.com/investor-relations?_gl=1&#x2A;5tipyc&#x2A;_ga&#x2A;MTE0MzE2MjM0NC4xNzEzODc0NDIy&#x2A;_ga_M2Q4NS0CLZ&#x2A;MTcxMzg3NDQyMi4xLjEuMTcxMzg3NDQzNy40NS4wLjA.&amp;_ga=2.110884301.939570466.1713874422-1143162344.1713874422" rel="noreferrer noopener">reported&nbsp;</a>first-quarter 2024 adjusted revenue growth&nbsp;of 15% year-over-year to $8.1 billion, with orders up 34% YoY to $11 billion.
The company reported increased orders in Commercial Engines &amp; Services and Defense &amp; Propulsion Technologies, with revenue growth driven by pricing, spare parts volume, and higher deliveries in widebody and defense sectors.
Consolidated revenue (including GE Aerospace and&nbsp;GE Vernova Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gev#NYSE">GEV</a>)) grew 11% YoY to $16.1 billion and&nbsp;on&nbsp;an adjusted basis, +10% YoY to $15.2 billion. Total orders increased 14% to $20.1 billion.
Adjusted EPS for the consolidated company was $0.82, up from $0.27 a year ago.
GE completed the <a href="https://www.benzinga.com/markets/equities/24/04/38047348/whats-going-on-with-ge-aerospace-ge-vernova-stock-today">separation of GE Vernova</a> on April 2 and received proceeds of $2.6 billion from the monetization of a portion of its shares in GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>).
GE Aerospace&#8217;s profit margin expanded 140 bps to 19.1%, and the consolidated adjusted profit margin stood at 10.2%, up 380 bps.
GE repurchased ~1.1 million shares for $0.1 billion in the quarter under a previously authorized $3 billion&nbsp;share&nbsp;repurchase program.
&#8220;Given our solid start to the year and outlook for the remainder of 2024, we are raising our full-year profit and free cash flow guidance. Moving forward as a focused global aerospace leader, we will continue to prioritize safety, quality, delivery, and cost — always in that order —while also investing in our future and driving long term profitable growth,&#8221; commented GE Aerospace Chairman and CEO H. Lawrence Culp.
Consolidated cash from operating activities was $1 billion for the quarter versus $0.2 billion a year ago. Free cash flow stood at $0.9 billion, up from the prior $0.1 billion a year ago.
GE Aerospace&#8217;s free cash flow for the quarter was $1.7 billion versus $0.8 billion in last year&#8217;s&nbsp;same&nbsp;quarter.
GE Aerospace 2024 Guidance:&nbsp;GE continues to expect adjusted revenue growth in low double digits; now sees&nbsp;operating&nbsp;profit of $6.2 billion-$6.6 billion (prior $6.0 billion-$6.5 billion).
The company expects adjusted EPS of $3.80-$4.05 (consensus $3.94) and <a href="https://www.benzinga.com/calendars/guidance">Free Cash Flow to be >$5B, >100% conversion.</a>
Price Action:&nbsp;GE shares are trading higher by 4.4% at $156.80 premarket at&nbsp;the last check Tuesday.

Guidance

GEHC

Why Is GE Aerospace Stock Trading Higher Today?

Shares of steelmakers Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) and Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) are moving lower Tuesday on the heels of the companies&#8217; first-quarter financial results. Here&#8217;s what <a href="https://www.benzinga.com/news/earnings/24/04/38365860/nucor-shares-fall-after-worse-than-expected-q1-results">you need to know</a>.
What Happened With CLF: After the market close on Monday, Cleveland-Cliffs reported first-quarter revenue of $5.2 billion, which missed the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a> of $5.346 billion, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported adjusted earnings of 18 cents per share, which missed analyst estimates of 22 cents per share. Steel shipments came in at 3.9 million net tons in the first quarter.
Cleveland-Cliffs noted it repurchased 30.4 million shares in the first quarter. The company's board also authorized a new share repurchase program of up to $1.5 billion.
Cleveland-Cliffs maintained all of its previous guidance for full-year 2024. The company still expects full-year steel shipments of 16.5 million net tons and year-over-year steel unit cost reductions of approximately $30 per net ton.
What Happened With NUE: Nucor also reported <a href="https://www.benzinga.com/news/earnings/24/04/38365860/nucor-shares-fall-after-worse-than-expected-q1-results">first-quarter financial results</a> after the market close on Monday. The company reported revenue of $8.14 billion, which missed estimates of $8.26 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. Nucor reported quarterly earnings of $3.46 per share, which missed estimates of $3.65 per share. Steel shipments totaled 6.22 million net tons in the fourth quarter. 
Nucor said it repurchased approximately 5.5 million shares of its common stock in the first quarter. The company&#8217;s board also declared a cash dividend of 54 cents per share, payable on May 10 to shareholders of record as of March 28. 
Nucor expects earnings in the second quarter to decrease compared to the first quarter. The largest driver for the expected decrease in earnings is the decreased earnings of the steel mills segment, primarily due to lower average selling prices partially offset by modestly increased volumes. 
Cleveland-Cliffs will hold a conference call at 8:30 a.m. and Nucor is scheduled to hold its call at 10:00 a.m. Et.
See Also: <a href="https://www.benzinga.com/general/biotech/24/04/38377536/novartis-stock-gains-on-european-drugmakers-q1-earnings-surprise-lifts-annual-outlook">Novartis Stock Gains On European Drugmaker&#8217;s Q1 Earnings Surprise, Lifts Annual Outlook</a>
CLF, NUE Price Action: At publication time, Cleveland-Cliffs shares were down 2.4% at $20.35, while Nucor shares were down 6.75% at $178.70, per <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
Photo: BildWerk on Shutterstock

Cleveland-Cliffs, Nucor Shares Are Sliding Tuesday: What's Going On?

Affirm Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) shares are trading lower Tuesday following a report indicating Walmart Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) majority-owned startup One has started offering <a href="https://www.benzinga.com/topic/buy-now-pay-later">buy now, pay later services</a>.
What To Know: According to a CNBC <a href="https://www.cnbc.com/2024/04/23/walmart-backed-fintech-one-introduces-buy-now-pay-later.html">report</a>, Walmart-backed fintech startup One has begun offering buy now, pay later options for big-ticket items in some of its U.S. stores. 
One is a direct competitor of buy now, pay later market leader Affirm, which has been the exclusive provider of installment loan services for Walmart customers since 2019. Late last year, Walmart even expanded its agreement with Affirm to add new payment options at self-checkout kiosks at more than 4,500 U.S. stores. 
CNBC visited a Walmart location in New Jersey and found that both One and Affirm were available payment options at checkout. Loans from either provider were available for purchases above about $100 in electronics, jewelry, power tools, automotive accessories and more. Groceries, alcohol and weapons purchases were not eligible for loans from either company. 
The report indicates that buy now, pay later drove approximately $19.2 billion in online spending in the first quarter of 2024, up 12% on a year-over-year basis. 
Affirm is due to report quarterly earnings on May 8. The company is expected to report a loss of 69 cents per share and revenue of $549.416 billion, per estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38377741/music-giant-spotifys-q1-surprise-investors-cheer-premium-subscriber-growth-and-profit-bump">Music Giant Spotify&#8217;s Q1 Surprise: Investors Cheer Premium Subscriber Growth And Profit Bump</a>
AFRM Price Action: Affirm shares were down 7.93% at $29.34 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Walmart.

AFRM

Affirm Stock Drops As Walmart Rolls Out New Payment Options: The Details

Zurn Water Solutions (ZWS – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Michael Hal...

Zurn Water Solutions: A Balanced Hold Rating Amid Market Uncertainties and Strong Execution

Zurn Elkay Water Solutions Corp (ZWS) leads the Pollution and Treatment Controls industry with an overall score of 74. ZWS is up 29.55% so far this year after the company closed yesterday at $30.95.  The overall score measures the company's performance based-off both short and long term indicators and means that ZWS scores

Should Zurn Elkay Water Solutions Corp (ZWS) Stock Be in Your Portfolio?

Zurn Elkay Water Solutions Corp (ZWS) receives a strong  valuation score of 61 from InvestorsObserver analysis. Our proprietary scoring system considers the overall health of the company by looking at the stock's price, earnings, and growth rate to determine if it represents a good value. ZWS holds a better value than 61%

Zurn Elkay Water Solutions Corp (ZWS) Stock: How Does it Score on Valuation Metrics?

The market has been high on Zurn Elkay Water Solutions Corp (ZWS)  stock recently. ZWS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Zurn Elkay Water Solutions Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ZWS!See Full ZWS ReportWhat is S

Should You Buy Zurn Elkay Water Solutions Corp (ZWS) Stock on Friday?

Oppenheimer: S&P 500 top might not come until 2025; spotlights infrastructure stocks

A rating of 100 puts Zurn Elkay Water Solutions Corp (ZWS) near the top of the Pollution and Treatment Controls industry according to InvestorsObserver. Zurn Elkay Water Solutions Corp's score of 100 means it scores higher than 100% of stocks in the industry. Zurn Elkay Water Solutions Corp also received an overall rating

Is Zurn Elkay Water Solutions Corp (ZWS) a Good Choice in Pollution & Treatment Controls Tuesday?

A rating of 88 puts Zurn Elkay Water Solutions Corp (ZWS) near the top of the Industrials sector according to InvestorsObserver.Zurn Elkay Water Solutions Corp's score of 88 means that it ranks higher than 88% of stocks in the sector. In addition, its overall score of 74 ranks it higher than 74% of all stocks. ZWS has an O

Is Zurn Elkay Water Solutions Corp (ZWS) a Leader in the Industrials Sector?

Zurn Elkay Water Solutions Corp (ZWS) stock has risen 3.53% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Zurn Elkay Water Solutions Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ZWS!See Full ZWS ReportWhat is Stock Sent

Zurn Elkay Water Solutions Corp (ZWS) Stock: What Does the Chart Say Monday?

Oppenheimer analyst Bryan Blair maintained a Buy rating on Zurn Water Solutions (ZWS – Research Report) today and set a price target of $37.00. The...

Zurn Water Solutions (ZWS) Receives a Buy from Oppenheimer

Zurn Water Solutions Q1 2024 Earnings Preview

ATKR

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Press Releases

Zurn Elkay Water Solutions Reports Third Quarter 2023 Financial Results

Zurn Elkay Named One of Newsweek's Most Responsible Companies for Fourth Consecutive Year

Zurn Elkay Water Solutions Expands Filtration Capabilities with Launch of Combined Lead and PFOA / PFOS (PFAS) Filter

Zurn Elkay Water Solutions Corporation Announces Divestiture

Zurn Elkay Water Solutions Schedules Fourth Quarter 2023 Earnings Release and Investor Conference Call

Zurn Elkay Water Solutions Declares Quarterly Cash Dividend

Zurn Elkay Water Solutions Reports Fourth Quarter 2023 Financial Results

Zurn Elkay Water Solutions Publishes 2023 Sustainability Report

Zurn Elkay Water Solutions Named a 2024 Top Workplace USA

Zurn Elkay Water Solutions Schedules First Quarter 2024 Earnings Release and Investor Conference Call