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

<ul><li>A combination of strong demand growth, portfolio diversification, and strategic expansion has helped NextEra Energy post solid financial results for the first quarter of 2024.</li><li>The company reported an 8.3% year-over-year increase in adjusted earnings per share, driven largely by the performance of its Florida Power & Light Company (FPL) and Energy Resources segments.</li><li>FPL's earnings per share increased $0.04 year-over-year, the primary driver being a growth of approximately 11.5% in the company's regulatory capital year-over-year.</li></ul>

A combination of strong demand growth, portfolio diversification, and strategic expansion has helped NextEra Energy post solid financial results for the first quarter of 2024.The company reported an 8.3% year-over-year increase in adjusted earnings per share, driven largely by the performance of its Florida Power & Light Company (FPL) and Energy Resources segments.FPL's earnings per share increased $0.04 year-over-year, the primary driver being a growth of approximately 11.5% in the company's regulatory capital year-over-year.

NextEra Energy Inc.: Initiation of Coverage - A Blend of Stability and Growth in Renewable Energy! - Major Drivers

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>While the market remains in consolidation/pullback mode and we are not out of the woods, it is possible that further downside is limited from here on the S&amp;P 500</li>
<li>Since late-February, we've discussed important gap support from 2/22/24 at 4983-5050 on the SPX, with bulls in control if above 4983. Selling last week has simply filled this gap</li>
<li>4920-4950 is now support near last week's lows. Downgrade: Technology (XLK) to market weight. Upgrades: Manufacturing/Industrials (XLI) to overweight and Utilities (XLU) to market weight; individual stock buys highlighted.</li>
</ul>


While the market remains in consolidation/pullback mode and we are not out of the woods, it is possible that further downside is limited from here on the S&amp;P 500
Since late-February, we've discussed important gap support from 2/22/24 at 4983-5050 on the SPX, with bulls in control if above 4983. Selling last week has simply filled this gap
4920-4950 is now support near last week's lows. Downgrade: Technology (XLK) to market weight. Upgrades: Manufacturing/Industrials (XLI) to overweight and Utilities (XLU) to market weight; individual stock buys highlighted.


Shifting Exposure From Growth to Value; Downgrading Technology; Upgrades: Manufacturing & Utilities

Energy Transition | AI | Shifting World Order, Mint Finance

Pranay Yadav

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Higher for longer rate regime makes it difficult for NextEra Energy Partners to raise debt to fund high growth forcing a reduction in growth forecasts.</li>
<li>Markets have reacted sharply to slashed forecasts with shares of NEP (-52%) &amp; NEE (-22%). Growth is expected to remain lower in the future.</li>
<li>NEE has performed markedly better than NEP. This is reflected by analyst price targets. However, NEE’s long-term growth story has stumbled raising investor concerns.</li>
</ul>


Higher for longer rate regime makes it difficult for NextEra Energy Partners to raise debt to fund high growth forcing a reduction in growth forecasts.
Markets have reacted sharply to slashed forecasts with shares of NEP (-52%) &amp; NEE (-22%). Growth is expected to remain lower in the future.
NEE has performed markedly better than NEP. This is reflected by analyst price targets. However, NEE’s long-term growth story has stumbled raising investor concerns.


NEE & NEP Selloff Prompted by Higher for Longer Rates Sentiment

<ul>
<li>A 100-year-old firm, Next Era Energy is America's largest utility firm and the world's largest renewable energy producer commanding a market cap of USD 136.6B.</li>
<li>Significant capex into Next Era Energy Resources combined with the benefits of the Inflation Reduction Act to drive stock outperformance.</li>
<li>Downside exposure remains from idiosyncratic risks, weather shocks and an economic recovery which warrants risk management considerations.</li>
</ul>


A 100-year-old firm, Next Era Energy is America's largest utility firm and the world's largest renewable energy producer commanding a market cap of USD 136.6B.
Significant capex into Next Era Energy Resources combined with the benefits of the Inflation Reduction Act to drive stock outperformance.
Downside exposure remains from idiosyncratic risks, weather shocks and an economic recovery which warrants risk management considerations.


Next Era Energy: Investments into Clean & Green Energy, and the IRA, to Drive Outperformance

Top 10 Mega Caps | Artificial Intelligence, Mint Finance

Uttkarsh Kohli

Top 10 Mega Caps | Artificial Intelligence

<ul>
<li>
Tesla Tops Storage: Tesla dominates North American battery storage (25% market share) as renewables rise, deploying a record 4,053 MWh in Q1 2024.</li>
<li>
Explosive Industry Growth: U.S. battery storage market projected for a staggering 30.5% CAGR until 2030, driven by clean energy transition.</li>
<li>
Forefront of Innovation: CATL revealed TENER, a mass-producible energy storage system with zero degradation for five years achieving 430Wh/L density. Innovation to continue fueling growth.</li>
</ul>



Tesla Tops Storage: Tesla dominates North American battery storage (25% market share) as renewables rise, deploying a record 4,053 MWh in Q1 2024.

Explosive Industry Growth: U.S. battery storage market projected for a staggering 30.5% CAGR until 2030, driven by clean energy transition.

Forefront of Innovation: CATL revealed TENER, a mass-producible energy storage system with zero degradation for five years achieving 430Wh/L density. Innovation to continue fueling growth.


Tesla Charges Ahead: Energy Storage Leader Drives Record Revenue in Booming Industry

United States

NextEra Energy, Inc. provides sustainable energy generation and distribution services. The Company generates electricity through wind, solar, and natural gas. Through its subsidiaries, NextEra Energy also operates multiple commercial nuclear power units.

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Nextera Energy (NEE US)

NextEra Energy Inc.: Initiation of Coverage - A Blend of Stability and Growth in Renewable Energy! - Major Drivers

A combination of strong demand growth, portfolio diversification, and strategic expansion has helped NextEra Energy post solid financial results...

Baptista Research

Shifting Exposure From Growth to Value; Downgrading Technology; Upgrades: Manufacturing & Utilities

Shift Exposure From Growth to Value; Downgrading Tech to market weight $XLK; Upgrading Industrials $XLI to Overweight; Upgrading Utilities $XLU to...

Vermilion Research

NEE & NEP Selloff Prompted by Higher for Longer Rates Sentiment

NextEra Energy Partners struggles to raise debt for high growth due to prolonged low interest rates, leading to reduced growth forecasts and...

Mint Finance

Next Era Energy: Investments into Clean & Green Energy, and the IRA, to Drive Outperformance

Investment in renewables and the benefits of IRA support NEE, but downside risks persist from various factors. Market metrics and analyst targets...

Mint Finance

Tesla Charges Ahead: Energy Storage Leader Drives Record Revenue in Booming Industry

As renewables surge, Tesla leads storage market with rising revenue. CATL's energy system, with zero-degradation, leads innovation with massive...

Mint Finance

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NextEra Energy Inc.: Initiation of Coverage - A Blend of Stability and Growth in Renewable Energy! - Major Drivers

A combination of strong demand growth, portfolio diversification, and strategic expansion has helped NextEra Energy post solid financial results...

Baptista Research

Shifting Exposure From Growth to Value; Downgrading Technology; Upgrades: Manufacturing & Utilities

Shift Exposure From Growth to Value; Downgrading Tech to market weight $XLK; Upgrading Industrials $XLI to Overweight; Upgrading Utilities $XLU to...

Vermilion Research

NEE & NEP Selloff Prompted by Higher for Longer Rates Sentiment

​NextEra Energy Partners struggles to raise debt for high growth due to prolonged low interest rates, leading to reduced growth forecasts and...

Mint Finance

Next Era Energy: Investments into Clean & Green Energy, and the IRA, to Drive Outperformance

​Investment in renewables and the benefits of IRA support NEE, but downside risks persist from various factors. Market metrics and analyst targets...

Mint Finance

Tesla Charges Ahead: Energy Storage Leader Drives Record Revenue in Booming Industry

As renewables surge, Tesla leads storage market with rising revenue. CATL's energy system, with zero-degradation, leads innovation with massive...

Mint Finance

NextEra Energy Partners struggles to raise debt for high growth due to prolonged low interest rates, leading to reduced growth forecasts and...

Investment in renewables and the benefits of IRA support NEE, but downside risks persist from various factors. Market metrics and analyst targets...