🤯 This Energy Stock Could Explode

Plus, Elon's plan to grow Tesla to a $30 trillion market cap

Happy Friday afternoon to everyone on The Street. Here's a snapshot of where markets ended the trading session, plus tomorrow's trade idea delivered to you today.

  • 🟨 | US Stocks Were Mixed on Friday as this week’s bull market took a slight pause and new data showing a decline in consumer sentiment was released. The Nasdaq Composite closed at a new record.

  • 📈 | One Notable Gainer: Shopify’s stock popped 5% after Evercore ISI gave it an upgrade to Outperform as the e-commerce company continues to claw back from the sell-off following its first-quarter results.

  • 📉 | One Notable Decliner: Shares of car manufacturer Stellatis fell 4% after its CEO Carlos Tavares said he’s working to fix the “arrogant mistakes” his company made in the US that led to a sales decline.

  • 🤯 | Tomorrow's Trade: This Energy Stock Could Explode. Scroll down for more.

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YESTERDAY’S POLL RESULTS

🟩🟩🟩🟩🟩🟩 Bullish

🟨⬜️⬜️⬜️⬜️⬜️ Bearish

S&P 500 Heatmap. Credit: Finviz

All Stock Heatmap. Credit: Finviz

Global ADR snapshot. Credit: Finviz

MARKET MOVERS

GME (-1%) Shares of GameStop fell despite meme stock promoter Keith Gill claiming to have grown his stake in the company to 9 million shares (YF)

FSLR (-6%) First Solar’s stock fell despite Zacks Research upping their Q1 2025 earnings per share estimates for the company (MarketBeat)

DELL (0%) Dell’s stock recovered from a 2% loss after its CEO recently disclosed selling shares of the company worth more than $761 million (Investing.com)

NCLH (-7%) Shares of Norwegian Cruise Line fell after a Bank of America analyst wrote that cruise lines are losing some pricing power (Barron’s)

UAL (-5%) United Airlines’ stock pulled back as the Zacks Consensus Estimate for the annual period estimates EPS of $9.93, a 1.19% drop from last year (YF) 

TOGETHER WITH INVESTORPLACE

Should you buy, sell, or hold your stock? To find the answer, let’s look at the actions of the world’s wealthiest investors…Right now, the world’s wealthiest investors are preparing for what could become ‘the biggest financial event’ of 2024. 

31 billionaires (including: Warren Buffett, Jeff Bezos, and Elon Musk, and more) are MOVING their stocks as we speak…

To discover where they’re moving their money… Why…And how you can profit alongside them…Click here to find out.

OVERHEARD ON THE STREET

MW: The cost of U.S. imported goods fell in May by the largest amount since the end of last year, adding to recent evidence inflation might be slowing again.

CNBC: The Pentagon’s $5.6 billion National Security Space Launch program will feature Blue Origin, SpaceX, and United Launch Alliance competing for contracts.

QZ: Elon Musk claims that Tesla’s Optimus robots will power the company to a $30 trillion market cap.

The Verge: In other Tesla news… Tesla shareholders are suing Elon Musk for “brazen disloyalty” in diverting resources away from Tesla and towards xAI.

Axios: Apple is facing a class action lawsuit on behalf of 12,000 women who allege the company paid them less than men employed to fill similar roles.

TOMORROW’S TRADE IDEA, TODAY

Priced at a Discount

RBC Capital (RY) has high hopes for AFC Energy (AFGYF). So high that it thinks the stock’s price could more than double over the next 12 months. 

The London-based hydrogen fuel cell company focuses on off-grid power generation for construction, mining, and transportation. 

The stock is down 35% over the past 5 years, but RBC thinks the company is gaining momentum that’s not yet reflected in its current pricing.

New Partnerships

Earlier this week AFC announced that its recent APO had raised £15.8 million. The funding will be used to grow its power generation business by bolstering inventory and improving delivery speed. 

It also inked a three-year deal with Speedy Hire (SDY) to make its hydrogen generators available to construction and emergency power customers throughout the UK.

Last September AFC also signed a deal with Saudi Arabian equipment supplier TAMGO to sell or lease its zero-emission generators throughout the Middle East and North Africa.

Doubling Is Somehow Conservative

According to RBC analysts Erwan Kerouredan and Victoria McCulloch, AFC is poised to grow significantly over the next few years. Both analysts have given it an outperform rating. 

RBC predicts share gains of 159% over the next 12 months, which is actually the most conservative outlook on the stock. 

There’s a lot of excitement surrounding this stock, and its new strategic partnerships seem to open up a world of opportunity. If analysts are correct, its current price might not reflect its intrinsic value.

Are you bullish or bearish on AFC Energy (AFGYF) over the next 12 months?

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TOGETHER WITH INVESTORPLACE

Should you buy, sell, or hold your stock? To find the answer, let’s look at the actions of the world’s wealthiest investors…Right now, the world’s wealthiest investors are preparing for what could become ‘the biggest financial event’ of 2024. 

31 billionaires (including: Warren Buffett, Jeff Bezos, and Elon Musk, and more) are MOVING their stocks as we speak…

To discover where they’re moving their money… Why…And how you can profit alongside them…Click here to find out.

ON OUR RADAR

CNN: During Trump’s Washington meeting with America’s most powerful business leaders, he told executives he would cut the corporate tax rate to 20%.

FT: France’s CAC 40 index had its worst week since March of 2022 as fears grow of a populist election win.

CNN: Stellantis, the maker of Jeep and Dodge vehicles, plans to kill chrome on cars as it involves a cancer-causing agent dangerous to those who make it.

CNBC: Netflix is looking to partner with a broadcaster in the hopes that one of them will produce the NFL games it agreed to stream on Christmas Day.

NYT: Tyson Foods suspended its CFO, John Tyson, due to Tyson’s second alcohol-related arrest.

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