Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for VanEck Vectors Solar Energy ETF (NYSE: AG) weakened during the last several trading days. AG’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/16/24, VanEck Vectors Solar Energy ETF (NYSE: AG) stock rose modestly by 0.9%, closing at $5.55. This advance was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 12.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AG is expected to continue to be Value Creation neutral.
First Majestic Silver has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Majestic Silver has a neutral Appreciation Score of 49 and a slightly positive Power Rating of 70, leading to the High Neutral Value Trend Rating.
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