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Deutsche Bank has reiterated its 'buy' rating on ConvaTec Group PLC (LSE:CTEC) ahead of the medical device company's Capital Markets Day on 9 April, setting a target price of 315p against a last close of 214.40p. Analyst Kane Slutzkin said the event was less about new financial targets, following an upgrade to mid-term growth guidance at February's full-year results, and more about providing evidence to support the existing algorithm.
Solar and other clean energy ETFs like TAN, CTEX, CNRG & CTEC are surging as AI demand, rate cuts & policy relief boost the long-term growth outlook.
First Solar Q4 earnings has put ETFs with the highest allocation to the largest U.S. solar module manufacturer in focus.
Investors who piled into clean energy themes the last few years are experiencing some performance pain this year, as we appear to be experiencing a detour on the road to the clean energy transition. Related themes have been hard hit this year due to a confluence of events.
First Solar beat bottom-line estimates but missed the same for revenues. It lifted the earnings per share guidance.
August was an average-to-downbeat month for investors, mainly due to rising rates.
As the U.S. Government puts its weight behind clean energy projects, investors have the opportunity to tap into clean energy ETFs.
Investors could incorporate green investing into their portfolio by choosing companies with strong environmental records committed to reducing their carbon footprint, minimizing waste, and conserving resource.