Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Brookfield Renewable Corporation operates as an investment company. The Company focuses on investing in real estate, infrastructure, renewable power, and private equity sectors. Brookfield Renewable develops and manages assets and businesses worldwide.

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<li>Brookfield Renewable reported mixed results in its fourth quarter 2023 earnings, presenting both challenges and advancements in its operational and financial strategies.</li>
<li>The company, a leader in renewable energy solutions, demonstrated robust operational success by increasing its funds from operations, driven primarily by organic growth and strategic acquisitions.</li>
<li>Notably, the deployment of $9 billion into diverse opportunities highlights Brookfield Renewable's aggressive capital investment strategy, aiming to enhance its global footprint in the renewable sector.</li>
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Brookfield Renewable reported mixed results in its fourth quarter 2023 earnings, presenting both challenges and advancements in its operational and financial strategies.
The company, a leader in renewable energy solutions, demonstrated robust operational success by increasing its funds from operations, driven primarily by organic growth and strategic acquisitions.
Notably, the deployment of $9 billion into diverse opportunities highlights Brookfield Renewable's aggressive capital investment strategy, aiming to enhance its global footprint in the renewable sector.


Brookfield Renewable Corporation: Initiation of Coverage

Essential Utilities, Inc. operates as a water utility company. The Company supplies water to residential, commercial, industrial, and public customers. Essential Utilities serves residents through its water and wastewater operations in the Northeastern Southeastern, and Midwestern United States.

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<li>Essential Utilities has reported a robust first quarter for 2024.</li>
<li>The company, during this period, achieved GAAP earnings of $0.97 per share, benefiting significantly from the gain on sale resulting from the closure of energy projects earlier in January.</li>
<li>Despite the warmer weather impacting the demand for its gas utility, Essential Utilities has shown strong operational performance across both its Gas and Water sectors.</li>
</ul>


Essential Utilities has reported a robust first quarter for 2024.
The company, during this period, achieved GAAP earnings of $0.97 per share, benefiting significantly from the gain on sale resulting from the closure of energy projects earlier in January.
Despite the warmer weather impacting the demand for its gas utility, Essential Utilities has shown strong operational performance across both its Gas and Water sectors.


Essential Utilities Inc.:  Initiation of Coverage

Evergy, Inc. provides electricity generation, transmission, and distribution services. The Company offers its services in the United States.

<ul><li>Evergy, Inc. reported its financial results for the first quarter of 2024, indicating a mix of strengths and challenges impacting its performance.</li><li>The company delivered adjusted earnings of $0.54 per share, down from $0.59 per share in the same period the previous year.</li><li>This reduction in earnings per share can be attributed largely to increased costs, including higher operations and maintenance expenses, depreciation and amortization expenses, and interest expenses.</li></ul>

Evergy, Inc. reported its financial results for the first quarter of 2024, indicating a mix of strengths and challenges impacting its performance.The company delivered adjusted earnings of $0.54 per share, down from $0.59 per share in the same period the previous year.This reduction in earnings per share can be attributed largely to increased costs, including higher operations and maintenance expenses, depreciation and amortization expenses, and interest expenses.

Evergy Inc.: Initiation of Coverage - Is Its Focus on Economic Development and Large Load Customers Paying Off? - Major Drivers

Atmos Energy Corporation distributes natural gas to utility customers in several states.  The Company's non-utility operations span various states and provide natural gas marketing and procurement services to large customers.  Atmos Energy also manages company-owned natural gas storage and pipeline assets, including an intrastate natural gas pipeline in Texas.

<ul><li>Atmos Energy Corporation has presented a robust fiscal performance for the second quarter of 2024, showing notable advancements and developments across various segments.</li><li>The company reported a year-to-date net income of $743 million, translating to earnings per share of $4.93, with an updated guidance range of $6.70 to $6.80 for the fiscal year.</li><li>These figures represent a performance uptick and reflect the ongoing efforts of Atmos Energy to modernize and expand its services.</li></ul>

Atmos Energy Corporation has presented a robust fiscal performance for the second quarter of 2024, showing notable advancements and developments across various segments.The company reported a year-to-date net income of $743 million, translating to earnings per share of $4.93, with an updated guidance range of $6.70 to $6.80 for the fiscal year.These figures represent a performance uptick and reflect the ongoing efforts of Atmos Energy to modernize and expand its services.

Atmos Energy Corporation: Initiation of Coverage - What Is Their Core Business Strategy? - Major Drivers

GitLab Inc. designs and develops software solutions. The Company offers platform for authentication, authorization, devops score, audit, and value stream management. GitLab serves customers worldwide.

<ul><li>GitLab has recently been in the news for receiving acquisition interest with one of the rumored parties interested in acquiring the company being Datadog.</li><li>The company has had a decent financial performance off-late and has a lot of interesting facets to its business making it an attractive acquisition target.</li><li>In its first quarter of the fiscal year 2025, GitLab reported a 33% increase in revenue, with significant year-over-year margin expansion, reflecting robust growth and operational efficiency.</li></ul>

GitLab has recently been in the news for receiving acquisition interest with one of the rumored parties interested in acquiring the company being Datadog.The company has had a decent financial performance off-late and has a lot of interesting facets to its business making it an attractive acquisition target.In its first quarter of the fiscal year 2025, GitLab reported a 33% increase in revenue, with significant year-over-year margin expansion, reflecting robust growth and operational efficiency.

GitLab Is A Possible Acquisition Target For Datadog & Others But At What Valuation? - Financial Forecasts