Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

SolarEdge Technologies  / Equity Bottom-Up

<ul><li>SolarEdge Technologies recently reported its financial results for the first quarter ending March 31, 2025, providing insights into its strategic priorities and market positioning.</li><li>The company has outlined four primary strategic priorities: strengthening its financials, regaining market share, accelerating innovation, and ramping up U.S. manufacturing.</li><li>During the quarter, SolarEdge demonstrated progress in these areas, showing both quarter-over-quarter and year-over-year revenue growth, expanded gross margins, and reduced operating expenses.</li></ul>

SolarEdge Technologies recently reported its financial results for the first quarter ending March 31, 2025, providing insights into its strategic priorities and market positioning.The company has outlined four primary strategic priorities: strengthening its financials, regaining market share, accelerating innovation, and ramping up U.S. manufacturing.During the quarter, SolarEdge demonstrated progress in these areas, showing both quarter-over-quarter and year-over-year revenue growth, expanded gross margins, and reduced operating expenses.

SolarEdge Growth Engine: Can Diversified Segments Deliver Explosive Long-Term Gains?

<ul><li>SolarEdge Technologies Inc. presented its operational and financial results for the fourth quarter and full year ended December 31, 2024, while setting priorities for 2025.</li><li>The company has faced challenges, particularly in European markets, but has a clear strategic plan focusing on innovation, market share regaining, and operational efficiency.</li><li>The company reported disappointing financial results for the quarter, which reflected significant impairments and write-downs.</li></ul>

SolarEdge Technologies Inc. presented its operational and financial results for the fourth quarter and full year ended December 31, 2024, while setting priorities for 2025.The company has faced challenges, particularly in European markets, but has a clear strategic plan focusing on innovation, market share regaining, and operational efficiency.The company reported disappointing financial results for the quarter, which reflected significant impairments and write-downs.

SolarEdge Technologies: Will Its European Market Strategy & Competitive Positioning Help Alter The Playing Field?

<ul><li>SolarEdge Technologies recently reported its financial results for the third quarter of 2024, showcasing a challenging period amid a market transition.</li><li>Revenue for the quarter stood at approximately $261 million, a decline driven by complex macroeconomic factors and a focused effort on inventory stabilization.</li><li>SolarEdge is contending with changing market dynamics, notably in Europe, where demand has softened, and there is an inventory overhang impacting sales velocity.</li></ul>

SolarEdge Technologies recently reported its financial results for the third quarter of 2024, showcasing a challenging period amid a market transition.Revenue for the quarter stood at approximately $261 million, a decline driven by complex macroeconomic factors and a focused effort on inventory stabilization.SolarEdge is contending with changing market dynamics, notably in Europe, where demand has softened, and there is an inventory overhang impacting sales velocity.

SolarEdge Technologies: An Insight Into Its Operational Cost Optimization & Other Major Drivers

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/uber-technologies-inc" target="_blank" data-smartkarma-citation="entities:430:1" rel="noopener">Uber Technologies (UBER US)</a>, <a href="https://www.smartkarma.com/entities/jabil-circuit-inc" target="_blank" data-smartkarma-citation="entities:16674:1" rel="noopener">Jabil Circuit (JBL US)</a> and <a href="https://www.smartkarma.com/entities/builders-firstsource-inc" target="_blank" data-smartkarma-citation="entities:4720:1" rel="noopener">Builders Firstsource (BLDR US)</a> will be added to the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a> at the close on 15 December.</li>
<li>There are a bunch of inclusions. deletions and migrations across the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a>, the S&amp;P Midcap 400 Index, and the S&amp;P SmallCap 600 Index.</li>
<li>We estimate passive trackers will need to buy around US$18bn of <a href="https://www.smartkarma.com/entities/uber-technologies-inc" target="_blank" data-smartkarma-citation="entities:430:1" rel="noopener">Uber Technologies (UBER US)</a>. There has been positioning in the stock for just over a month now. </li>
</ul>



Uber Technologies (UBER US), Jabil Circuit (JBL US) and Builders Firstsource (BLDR US) will be added to the S&amp;P 500 INDEX (SPX INDEX) at the close on 15 December.
There are a bunch of inclusions. deletions and migrations across the S&amp;P 500 INDEX (SPX INDEX), the S&amp;P Midcap 400 Index, and the S&amp;P SmallCap 600 Index.
We estimate passive trackers will need to buy around US$18bn of Uber Technologies (UBER US). There has been positioning in the stock for just over a month now. 


Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).</li>
<li>We have discussed weekly since 10/14/25 how our near-term bullish outlook remains intact as long as SPX holds above the 3-month uptrend, coinciding with the 50-day MA; this remains true.</li>
<li>Gold (GLD) and silver (SLV) held above $358-$361 and $41.70 supports and appear ready to resume their long-term uptrends. Recently discussed we were buyers in our October 29th report</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
We have discussed weekly since 10/14/25 how our near-term bullish outlook remains intact as long as SPX holds above the 3-month uptrend, coinciding with the 50-day MA; this remains true.
Gold (GLD) and silver (SLV) held above $358-$361 and $41.70 supports and appear ready to resume their long-term uptrends. Recently discussed we were buyers in our October 29th report


Upside Ahead for Gold and Silver; DXY Below $100.25; SPX Holding at 3+ Month Uptrend Support

United States

SolarEdge Technologies Inc. provides solar power optimization and photovoltaic monitoring solutions. The Company offers optimizers, inverters, monitoring equipment, tools, and accessories for power harvesting, conversion, and efficiency. SolarEdge Technologies serves customers worldwide.

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SolarEdge Technologies (SEDG US)

SolarEdge Growth Engine: Can Diversified Segments Deliver Explosive Long-Term Gains?

SolarEdge Technologies recently reported its financial results for the first quarter ending March 31, 2025, providing insights into its strategic...

Baptista Research

SolarEdge Technologies: Will Its European Market Strategy & Competitive Positioning Help Alter The Playing Field?

SolarEdge Technologies Inc. presented its operational and financial results for the fourth quarter and full year ended December 31, 2024, while...

Baptista Research

SolarEdge Technologies: An Insight Into Its Operational Cost Optimization & Other Major Drivers

SolarEdge Technologies recently reported its financial results for the third quarter of 2024, showcasing a challenging period amid a market...

Baptista Research

S&P500 Index Rebalance: Calling an UBER

Passive S&P500 index trackers will need to buy around US$18bn of Uber in two weeks. Positioning in the stock began a month ago and just ahead of Q3...

Brian Freitas

Upside Ahead for Gold and Silver; DXY Below $100.25; SPX Holding at 3+ Month Uptrend Support

More Upside Ahead for Gold $GLD and Silver $SLV Following Oct. 29 Buys; $DXY Below $100.25 a Risk-On Signal; Downgrading Services to Market Weight;...

Vermilion Research

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