The Zacks Analyst Blog NVIDIA, Duke Energy, American Electric Power and MIND Technology

For Immediate ReleasesChicago, IL – October 10, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include NVIDIA Corp. NVDA, Duke Energy Corp. DUK, American Electric Power Co., Inc. AEP and MIND Technology, Inc. MIND.Here are highlights from Thursday’s Analyst Blog: Top Stock Reports for NVIDIA, Duke Energy and American Electric PowerThe Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including NVIDIA Corp., Duke Energy Corp. and American Electric Power Co., Inc., as well as a micro-cap stock, MIND Technology, Inc. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>NVIDIA’s shares have outperformed the Zacks Semiconductor - General industry over the year-to-date period (+168.5% vs. +119.6%). The company is benefiting from the strong growth of artificial intelligence (AI), high performance and accelerated computing. The data center end-market business is benefiting from the growing demand for generative AI and large language models using graphic processing units (GPUs) based on NVIDIA Hopper and Ampere architectures.A surge in hyperscale demand and higher sell-ins to partners across the Gaming and ProViz end markets following the normalization of channel inventory are acting as tailwinds. Collaborations with Mercedes-Benz and Audi are likely to advance its presence in the autonomous vehicles and other automotive electronics space.The Zacks analyst expects NVIDIA’s revenues to witness a CAGR of 46.4% through fiscal 2025-2027. However, softening IT spending amid macroeconomic headwinds and the US-China tech war remain major concerns.(You can read the full research report on NVIDIA here >>>)Shares of Duke Energy have outperformed the Zacks Utility - Electric Power industry over the past six months (+18.3% vs. +17.3%). The company remains a premier utility service provider that focuses on expanding its scale of operations and implementing modern technologies at its facilities. During the 2024-2028 period, the company plans to invest $73.4 billion to strengthen its grid and expand its renewable energy portfolio.As of Dec. 31, 2023, Duke Energy reduced its carbon emissions by 48% from the 2005 level. However, it holds a weak solvency position. Duke Energy’s unfavorable financial ratios make one further skeptical about its financial position. Its EV/Sales ratio came in higher than the industry’s level.The high interest rate environment in the United States remains a concern for Duke Energy. This may adversely impact its earnings growth and even constrict its future investment plans.(You can read the full research report on Duke Energy here >>>)American Electric Power’s shares have outperformed the Zacks Utility - Electric Power industry over the past year (+37.8% vs. +30.9%). The company’s geographically diversified operations allow it to avail of transmission opportunities with better returns compared to its single-state utility peers. The company owns the U.S' largest electricity transmission system, with 40,000 circuit miles of transmission lines.To strengthen its grid, the company plans to invest $43 billion during the 2024-2028 period. Such investments should enable it to achieve a long-term earnings growth rate of 6-7%. Our model predicts total revenues to increase in 2024 to 2026 period.However, the stock holds a weak solvency position. New rules directed at fossil-fuel electric generation facilities may impact American Electric’s operating results. Moreover, the company may continue to incur rising interest expenses in the near future.(You can read the full research report on American Electric Power here >>>)Shares of MIND Technology have underperformed the Zacks Technology Services industry over the past year (-18.3% vs. +47.9%). This microcap company with market capitalization of $5.4 million is facing risks which include supply chain disruptions, customer concentration, and market exposure to oil and gas cycles. Share dilution from the preferred stock conversion and competition from larger players remain concerns.Nevertheless, MIND Technology's $26.2 million backlog as of July 31, 2024, up 50% YoY, provides strong revenue visibility into fiscal 2025, bolstered by demand for key products like GunLink and BuoyLink systems. MIND is expanding its market reach, capitalizing on the growing demand for marine seismic equipment, with a robust pipeline and recent orders in energy exploration.Operational efficiencies have improved profitability, with gross margins rising to 46% in the first half of fiscal 2025. The development of the Spectral Ai software suite diversifies its product offerings, targeting advanced analytics in marine tech. A debt-free balance sheet and solid working capital provide financial flexibility.(You can read the full research report on MIND Technology here >>>)Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.com                                        https://www.zacks.com                                                    Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Duke Energy Corporation (DUK): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report MIND Technology, Inc. (MIND): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks