Stock Rating Downgrade
During the last several trading days the Value Trend Rating for VanEck Vectors Solar Energy ETF (NYSE: AG) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
VanEck Vectors Solar Energy ETF (NYSE: AG) stock closed at $5.23 on 11/17/23 after a modest decline of -0.8%. The stock has risen 12.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
AG is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
First Majestic Silver has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Majestic Silver has a neutral Appreciation Score of 52 and a slightly negative Power Rating of 34, producing the Negative Value Trend Rating.
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