Investing

Earnings Previews: 3D Systems, Nvidia, Best Buy, Li Auto, Moderna, Plug Power

At a current trading price of around $25.40, Li Auto shares trade about $12.50 below their consensus price target of $37.92, implying an upside of some 49%. The high price target of $59.87 implies a potential upside on the stock of about 135%. That’s a multiple of nearly 2,200 times expected 2021 EPS and nearly 99 times expected 2022 EPS.

Moderna

Moderna Inc. (NASDAQ: MRNA) has become a household name in the past year or so. The vaccine maker is one of two authorized to sell vaccines that reduce the impact of COVID-19. The share price of around $144 likely reflects high hopes for the company’s long-term success. Moderna is a one-treatment company with a market cap of around $57 billion. That’s more than Regeneron (market cap of about $49 billion) or Biogen ($42 billion market cap), both of which have multiple drugs on the market.

Over the past 12 months, Moderna’s stock had added more than 900% as of early this month. With equities now being sold off, shares up less than 700% over the 12 months. With a consensus price target of $160.38, the potential upside to the stock’s current price is around 11%. At the high target of $215, the potential gain on the stock is around 49%.

Moderna is forecast to post net losses per share of $0.35 for the quarter and $1.55 for the 2020 fiscal year. Quarterly sales are projected to rise by nearly 1,900% to $279.4 million and full-year sales are projected to increase more than 750% to around $519 million. At the current price, shares trade at about 11 times expected 2021 EPS and 10 times expected 2022 earnings.

Plug Power

Here is another stock that has traded in a hot sector during 2020. Plug Power Inc. (NASDAQ: PLUG) shares added about 970% in 2020 and had traded up more than 2,200% since January of 2020 before share prices turned south late last month. The stock has given up more than 20% of its increase since January 2020.

Plug Power makes hydrogen fuel cells, and the competition in that industry is strong and the customers for the products are relatively fuel. That is certain to change, but the timeline could be long. The stock traded at $45 a share shortly after the noon hour Tuesday, implying a potential gain of some 40% to the consensus price target of nearly $63. The shares trade with a potential doubling at the high price target of $88.

Analysts expect Plug Power to report a fourth-quarter loss per share of $0.10 on sales of $87.3 million. For the fiscal year, the net loss per share is forecast at $0.36 (equal to the 2019 loss per share) on sales of $327.6 million, up 38% year over year. The company is expected to post net losses in both 2021 and 2022, but sales are forecast to rise by around 45% in 2021 and more than 50% in 2022.