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

<ul><li>Sunrun delivered a solid result, surpassing Wall Street expectations on all counts.</li><li>The company exceeded its volume projection and had almost 34,400 additional customers in the second quarter, including over 25,000 new subscribers.</li><li>Sunrun’s subscriber additions increased from almost 72% in Q1 to nearly 74% of its overall customer additions for the time period.</li></ul>

Sunrun delivered a solid result, surpassing Wall Street expectations on all counts.The company exceeded its volume projection and had almost 34,400 additional customers in the second quarter, including over 25,000 new subscribers.Sunrun’s subscriber additions increased from almost 72% in Q1 to nearly 74% of its overall customer additions for the time period.

Sunrun Inc: New Level 2 EV Charger & Other Drivers

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>In last week's Compass (Aug. 23) we discussed the increasing odds for a deeper pullback in the broad market indexes.</li>
<li>This was due to 5-week uptrend breaks on the SPX, NDX, and Russell 2000, the Fed tightening, and with Treasury yields, the U.S. dollar (DXY), and commodities (DJP) inflecting higher.</li>
<li>The market remains in pullback mode; the SPX, NDX, and Russell 2000 are all approaching 50-day MA support, the first big area of interest on this pullback.</li>
</ul>


In last week's Compass (Aug. 23) we discussed the increasing odds for a deeper pullback in the broad market indexes.
This was due to 5-week uptrend breaks on the SPX, NDX, and Russell 2000, the Fed tightening, and with Treasury yields, the U.S. dollar (DXY), and commodities (DJP) inflecting higher.
The market remains in pullback mode; the SPX, NDX, and Russell 2000 are all approaching 50-day MA support, the first big area of interest on this pullback.


Headwinds Persist, Including Rising DXY, 10-Yr Treasury Yield, & Commodities; Buying Staples, Solar

<ul>
<li>After a substantial rally, the S&amp;P500 was unable to break above its 200-day MA and market indexes have violated steep 5-week uptrends; we view this pullback as a critical test.</li>
<li>This is where we see if prior breakout levels/important moving averages hold and market indexes make a higher low, or if this was nothing more than a bear market rally.</li>
<li>Barring a Fed pivot, and with Treasury yields and the DXY inflecting higher (and potentially commodities, too), it increases the odds for a deeper pullback in the broad market indexes.</li>
</ul>


After a substantial rally, the S&amp;P500 was unable to break above its 200-day MA and market indexes have violated steep 5-week uptrends; we view this pullback as a critical test.
This is where we see if prior breakout levels/important moving averages hold and market indexes make a higher low, or if this was nothing more than a bear market rally.
Barring a Fed pivot, and with Treasury yields and the DXY inflecting higher (and potentially commodities, too), it increases the odds for a deeper pullback in the broad market indexes.


Don't Fight the Fed; Pullback Underway as Rising DXY and 10-Yr Treasury Yield Back to Being Headwind

Equity Capital Markets

<ul><li>This is our first report on Sunrun and the company continues its strong momentum of penetrating the residential solar market.</li><li>In the last quarter alone, Sunrun added over 29,000 customers, representing over 213 megawatts of solar energy capacity installed, a 27% increase over the previous quarter.</li><li>Their focus on multifamily housing for increased penetration of the residential market is a key driver.</li></ul>

This is our first report on Sunrun and the company continues its strong momentum of penetrating the residential solar market.In the last quarter alone, Sunrun added over 29,000 customers, representing over 213 megawatts of solar energy capacity installed, a 27% increase over the previous quarter.Their focus on multifamily housing for increased penetration of the residential market is a key driver.

Sunrun Inc.: Initiation of Coverage – Focus On Multifamily Housing & Other Drivers

Credit

<ul><li>Sunrun Inc has witnessed strong momentum and continues to penetrate the fast-growing residential solar market in the United States.</li><li>In the last quarter alone, Sunrun added over 29,000 customers, representing over 213 megawatts of solar energy capacity installed, a 27% increase over the previous quarter.</li><li>Their focus on multifamily housing for increased penetration of the residential market is a key driver.</li></ul>

Sunrun Inc has witnessed strong momentum and continues to penetrate the fast-growing residential solar market in the United States.In the last quarter alone, Sunrun added over 29,000 customers, representing over 213 megawatts of solar energy capacity installed, a 27% increase over the previous quarter.Their focus on multifamily housing for increased penetration of the residential market is a key driver.

Sunrun Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

United States

Sunrun Inc. provides solar energy solutions. The Company installs, monitors, and maintains solar panels on homeowners' roofs to supply solar electricity. Sunrun serves customers in the United States.

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Sunrun Inc (RUN US)

Sunrun Inc: New Level 2 EV Charger & Other Drivers

Sunrun delivered a solid result, surpassing Wall Street expectations on all counts. The company exceeded its volume projection and had almost...

Baptista Research

Headwinds Persist, Including Rising DXY, 10-Yr Treasury Yield, & Commodities; Buying Staples, Solar

We still see the market as being in pullback mode; the $SPX, $QQQ $NDX, and $IWM $RUT are all testing 50-day MA support, the first big area of...

Vermilion Research

Don't Fight the Fed; Pullback Underway as Rising DXY and 10-Yr Treasury Yield Back to Being Headwind

$SPX $QQQ $IWM Pullback Underway as Rising $DXY and 10-Yr Treasury Yield Back to Being Headwind; Commodities $DJP $BCOM Attempting to Break Out....

Vermilion Research

Sunrun Inc.: Initiation of Coverage – Focus On Multifamily Housing & Other Drivers

This is our first report on Sunrun and the company continues its strong momentum of penetrating the residential solar market. In the last quarter...

Baptista Research

Sunrun Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Sunrun Inc has witnessed strong momentum and continues to penetrate the fast-growing residential solar market in the United States. In the last...

Baptista Research

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