Broker Research reports: Solid Power (SLDP), Coterra Energy (CTRA), Consolidated Edison (ED)

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Whenever an analyst upgrades or downgrades a stock, the stock price often swings dramatically. These stocks may offer short-term gains for investors, but analysts may downgrade the stock to harm investors if they invest in them.

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Typically, analysts rate stocks on three tiers:

Analysts recommend stock a “BUY” that they believe will outperform the market or their peers. “Buy” can also be referred to as Overweight or Outperform by some analysts.

The stock can be advised to “Hold” when analysts don’t expect it to perform better or worse than the market. The hold rating does not suggest that the stock be bought or sold. Market performance and equal weight may be other terms used to describe the “Hold” by some analysts.

Analysts rate stocks as “Sell” when they believe they will underperform the market. Stocks with “Sell” ratings are rare because most analysts rate them positively. Underperform and underweight are also terms sometimes used instead of “Sell”.

With this outlook, analysts have a consensus recommendation rating of 2.40 for the stock, suggesting that investors Overweight the stock. DA Davidson issued a stock update for Solid Power Inc. (SLDP) on November 30, 2022, in which the firm assigned a “Neutral” rating. Cowen on October 31, 2022, rated the stock at “a Market perform,”. 4 analysts offering their rating for the stock are split like this: 2 of the 4 rate it as a Hold; 2 see it as a buy, while 0 say it is overweight. Although bearish, it is notable that the stock is well above its 200-day simple moving average by -46.22%, while it is -29.79% below and -28.09% below its SMA50 and SMA20 respectively. The volume of shares traded in the last session stands at 12.61 million against a 3-month average of 1.66M.

Looking at the support for the CTRA, a number of firms have released research notes about the stock. Tudor Pickering Holt & Co. stated their Hold rating for the stock in a research note on November 30, 2022. Wolfe Research coverage for the Coterra Energy Inc. (CTRA) stock in a research note released on November 07, 2022, offered a Peer Perform rating. Wolfe Research coverage for the Coterra Energy Inc. (CTRA) stock in a research note released on November 07, 2022, offered a Peer Perform rating. Stifel was of a view on October 25, 2022, that the stock is Buy, while Jefferies gave the stock a Hold rating on October 19, 2022. MKM Partners on their part issued a Neutral rating on July 20, 2022.

Looking at the support for the ED, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on November 30, 2022. Guggenheim coverage for the Consolidated Edison Inc. (ED) stock in a research note released on May 23, 2022, offered a Neutral rating with a price target of $94. Wells Fargo was of a view on May 03, 2022, that the stock is Underweight, while Credit Suisse gave the stock a Neutral rating on April 26, 2022. Wolfe Research on their part issued a Peer Perform rating on February 17, 2022.

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