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Economy

A collection of 88 issues

Lendingtree - $TREE - Earnings Analysis: Significant revenue growth in Q4 2024, particularly in the Insurance segment.

Business Model LendingTree operates an online financial services marketplace, connecting consumers with a network of approximately 430 financial partners for loans, credit cards, insurance, and more. Revenue Sources * Referral fees from lenders and insurance carriers when consumers connect with them through the platform. * Advertising revenue from financial partners. * Revenue from

AeroVironment - $AVAV - Earnings Analysis: Record funded backlog of $763.5 million provides a strong foundation for future revenue.

Business Model AeroVironment generates revenue through product sales (Uncrewed Systems, Loitering Munition Systems and MacCready Works) and contract services. The company serves defense, government and commercial customers. Revenue Sources * Product Sales: Uncrewed Systems (UxS), Loitering Munitions Systems (LMS), MacCready Works (MW) * Contract Services: Services related to the above product segments.

Senseonics Holdings - $SENS - Earnings Analysis: Strong order intake and contract backlog provide solid revenue visibility.

Business Model Sensys Gatso Group generates revenue through System Sales and TRaaS (Traffic as a Service). TRaaS includes recurring revenue from maintenance, service within system sales and Managed Services (Operator Services). Revenue Sources * System Sales: Sale of automated systems for speed and red-light enforcement. * TRaaS: Service and Maintenance: Installation, maintenance,

Bank of Nova Scotia - $BNS - Earnings Analysis: Diversified franchise across multiple business lines and geographies

Business Model Scotiabank generates revenue through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. Revenue Sources * Net interest income from lending activities * Non-interest income from fees, trading, and wealth management Income Statement Analysis * Net interest income increased by 8.4% year-over-year, driven by loan growth and

Sunnova Energy International - $NOVA - Earnings Analysis: Increased focus on profitability and cost reductions.

Business Model Sunnova generates revenue through customer agreements and incentives, solar energy system and product sales, loan revenue, and service revenue. Revenue Sources * Customer agreements and incentives (lease, PPA, SREC, incentives) * Solar energy system and product sales (cash sales, direct sales, inventory sales) * Loan revenue * Service revenue Income Statement Analysis

California Resources Corp - $CRC - Earnings Analysis: Successful completion of the Aera merger and achievement of merger-related synergies.

Business Model California Resources Corporation (CRC) generates revenue from the sale of oil, natural gas, NGLs, electricity, and from marketing purchased commodities. They are also developing a carbon management business. Revenue Sources * Oil, natural gas, and NGL sales (primarily from San Joaquin Basin, Los Angeles Basin, and Sacramento Basin). * Marketing

ADMA Biologics - $ADMA - Earnings Analysis: Strong revenue growth driven by increased sales of ASCENIV.

Business Model ADMA Biologics generates revenue primarily through the manufacturing and marketing of specialty biologics, specifically plasma-derived products for the treatment of immune deficiencies and prevention of certain infectious diseases. Revenue Sources * ASCENIV™ (immune globulin intravenous, human – slra 10% liquid) for the treatment of primary humoral immunodeficiency (PI). * BIVIGAM® (immune

Surgery Partners - $SGRY - Earnings Analysis: Consistent revenue and Adjusted EBITDA growth.

Business Model Surgery Partners generates revenue primarily through its network of surgical facilities, including ambulatory surgery centers and surgical hospitals, by providing surgical and related ancillary care services. The company focuses on high-quality, cost-effective solutions for patients and physicians. Revenue Sources * Surgical procedures performed at ambulatory surgery centers (ASCs). * Surgical

Vistra Corp - $VST - Earnings Analysis: Strong financial performance in 2024, exceeding original guidance.

Business Model Vistra generates revenue through retail electricity sales and power generation, leveraging a diversified portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. Revenue Sources * Retail electricity sales to approximately 5 million residential, commercial, and industrial customers. * Power generation and sales into wholesale markets. Income Statement

Edison International - $EIX - Earnings Analysis: Strong operational performance and ability to meet or exceed EPS guidance.

Business Model Edison International generates revenue primarily through its subsidiary, Southern California Edison (SCE), by providing electricity to over 5 million customer accounts in a 50,000 square-mile service area. Revenue is also generated through integrated energy management and sustainability solutions provided by Trio to large commercial, industrial, and institutional

Mosaic Co - $MOS - Earnings Analysis: Mosaic is taking steps to improve operations and allocate capital effectively.

Business Model Mosaic generates revenue primarily through the sale of concentrated phosphate and potash crop nutrients and feed ingredients. They operate through three segments: Potash, Phosphates, and Mosaic Fertilizantes. Revenue Sources * Potash: Sales of potash-based fertilizers. * Phosphates: Sales of phosphate-based fertilizers and feed ingredients. * Mosaic Fertilizantes: Sales of fertilizers in

AES Corp - $AES - Earnings Analysis: Strong contracted backlog of renewable projects provides earnings visibility.

Business Model AES generates revenue through non-regulated and regulated electricity sales. The non-regulated revenue comes from the Renewables SBU, Energy Infrastructure SBU and New Energy Technologies SBU. The regulated revenue is generated from US utilities businesses such as AES Indiana and AES Ohio. Revenue Sources * Non-Regulated Revenue: Generated from electricity

FirstEnergy Corp - $FE - Earnings Analysis: Strong progress in rate reviews, with 83% of rate base reviewed since 4Q23.

Business Model FirstEnergy generates revenue primarily through the distribution, transmission, and generation of electricity. The company operates regulated utilities in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. Revenue is derived from residential, commercial, and industrial customers. Revenue Sources * Electric sales to residential customers. * Electric sales to commercial

Bloom Energy Corp - $BE - Earnings Analysis: Strong revenue growth and improved profitability.

Business Model Bloom Energy generates revenue from four primary sources: product sales, installation, service agreements, and electricity generation. Revenue Sources * Product revenue: Sales of Bloom Energy Servers. * Installation revenue: Revenue from installing the energy servers at customer sites. * Service revenue: Recurring revenue from long-term service agreements. * Electricity revenue: Revenue from

Sunrun - $RUN - Earnings Analysis: Positive cash generation for three consecutive quarters and expected to continue throughout 2025.

Business Model Sunrun generates revenue primarily through customer agreements and incentives, and solar energy systems and product sales. Revenue Sources * Customer agreements and incentives: Revenue from long-term agreements, amortization of prepaid systems, and incentive revenue (including Investment Tax Credits when monetized). * Solar energy systems and product sales: Revenue from direct

Madrigal Pharmaceuticals - $MDGL - Earnings Analysis: Successful commercial launch of Rezdiffra with growing patient numbers and prescriber penetration.

Business Model Madrigal Pharmaceuticals generates revenue primarily through net product sales of Rezdiffra. Revenue Sources * Net product revenue from Rezdiffra sales. Income Statement Analysis * Product revenue, net, significantly increased due to the commercial launch of Rezdiffra in April 2024. * Research and development expenses decreased primarily due to a reduction in

Intuit - $INTU - Earnings Analysis: Strong Q2 FY25 performance, exceeding expectations in several segments.

Business Model Intuit generates revenue from a variety of sources across its business segments: Global Business Solutions (QuickBooks), Consumer (TurboTax), Credit Karma, and ProTax. Revenue Sources * Global Business Solutions: Revenue from QuickBooks Online Accounting, Online Services (Money, Payroll, Mailchimp), and Desktop Ecosystem. * Consumer Group: Revenue from TurboTax offerings. * Credit Karma:

Workday - $WDAY - Earnings Analysis: Strong subscription revenue growth and backlog provide revenue visibility.

Business Model Workday generates revenue primarily through subscription services and professional services related to its cloud-based applications for human capital management (HCM), enterprise resource planning (ERP), and financial management. Revenue Sources * Subscription services: Recurring revenue from customers using Workday's cloud applications. * Professional services: Revenue from implementation, consulting, and

Public Storage - $PSA - Earnings Analysis: Broad operational stabilization across the portfolio.

Business Model Public Storage generates revenue primarily from the rental of self-storage facilities and ancillary operations. Revenue Sources * Self-storage facilities rental income * Ancillary operations such as tenant reinsurance and merchandise sales Income Statement Analysis * Revenues increased by 1.51% due to increases in both self-storage and ancillary operations. * Self-storage cost

ONEOK - $OKE - Earnings Analysis: Significant revenue and net income growth driven by acquisitions and volume increases.

Business Model ONEOK, Inc. generates revenue primarily through fee-based services in gathering, processing, storing, transporting, and marketing of natural gas, natural gas liquids (NGLs), refined products, and crude oil. The company operates through four main segments: Natural Gas Liquids, Refined Products and Crude, Natural Gas Gathering and Processing, and Natural

Realty Income Corp - $O - Earnings Analysis: Proven track record of positive returns and dividend growth for 30 consecutive years.

Business Model Realty Income generates revenue primarily through rental income from a diversified portfolio of commercial properties leased to various clients under long-term net lease agreements. Revenue Sources * Rental revenue (including reimbursable) represents the primary source of revenue. * Other revenue includes items such as tenant reimbursements and other fees. Income

Sempra - $SRE - Earnings Analysis: Significant capital investment in regulated utilities, especially in Texas, driving rate base growth.

Business Model Sempra generates revenue through its three main business segments: Sempra California (natural gas and electric utilities), Sempra Texas Utilities (electric transmission and distribution), and Sempra Infrastructure (energy-related businesses, including LNG). Revenue comes from regulated utilities in California and Texas, and contracted assets in infrastructure. Revenue Sources * Natural gas

Kosmos Energy Ltd - $KOS - Earnings Analysis: Commencement of production at the GTA LNG project provides a new revenue stream and potential for future growth.

Business Model Kosmos Energy generates revenue primarily through the sale of oil and gas from its assets in Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America. Revenue Sources * Oil sales contribute the largest portion of revenue. * Gas sales are a growing revenue stream, particularly with the commencement of

Ultra Clean Holdings - $UCTT - Earnings Analysis: Strong revenue growth and strategic investments in key semiconductor technologies.

Business Model Ultra Clean Holdings, Inc. (UCT) generates revenue through two divisions: Products and Services, primarily for the semiconductor industry. Revenue Sources * Products: Offers integrated outsourced solutions for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. * Services: Provides tool chamber parts cleaning and coating, as

Riot Platforms - $RIOT - Earnings Analysis: Strong financial performance in 2024 with record revenue and net income.

Business Model Riot Platforms generates revenue primarily through Bitcoin mining and engineering services. They are also exploring opportunities in the AI/HPC sector to maximize the value of their power assets. Revenue Sources * Bitcoin Mining: Revenue from mining Bitcoin. * Engineering: Revenue from engineering services and manufacturing. Income Statement Analysis * Total

Goosehead Insurance - $GSHD - Earnings Analysis: Significant increase in net income and adjusted EBITDA.

Business Model Goosehead Insurance generates revenue through commissions and agency fees, franchise revenues, and interest income. Core revenues consist of New Business Commissions, Agency Fees, New Business Royalty Fees, Renewal Commissions, and Renewal Royalty Fees. Revenue Sources * Commissions and agency fees from insurance policies * Franchise revenues from franchise operations * Interest

Trex Co - $TREX - Earnings Analysis: Market leadership and brand recognition in the composite decking and railing category.

Business Model Trex Company generates revenue primarily through the sale of wood-alternative decking and railing products, as well as a comprehensive portfolio of outdoor living products. Revenue Sources * Decking products (Trex Transcend, Trex Enhance, Trex Select) * Railing products (Trex Enhance steel, Trex Select aluminum, Trex Signature X-Series cable and frameless

Zebra Technologies Corp - $ZBRA - Earnings Analysis: Strong recovery in demand across major product categories and regions.

Business Model Zebra Technologies Corporation generates revenue primarily through sales of hardware products, services, and software solutions in the automatic identification and data capture (AIDC) industry. Revenue Sources * Sales of hardware products including mobile computers, barcode scanners and imagers, RFID readers, and specialty printers. * Provision of services including maintenance, technical

Republic Services - $RSG - Earnings Analysis: Exceeded adjusted EBITDA, EPS and free cash flow guidance.

Business Model Republic Services generates revenue through providing environmental services, including collection and processing of recyclable materials, the collection, treatment, consolidation, transfer and disposal of hazardous and non-hazardous waste, and other environmental solutions. It derives revenue from residential, small-container, and large-container collection services, transfer stations, recycling centers, and landfill services.

SPS Commerce - $SPSC - Earnings Analysis: Consistent revenue growth and solid adjusted EBITDA profile.

Business Model SPS Commerce generates revenue by providing retail supply chain cloud services, connecting trading partners to optimize operations. Revenue is recurring and driven by subscription-based and reoccurring services. Revenue Sources * Recurring revenue from over 45,000 customers Income Statement Analysis * Revenue increased by 18% year-over-year, reflecting continued growth in

Motorcar Parts of America - $MPAA - Earnings Analysis: Strong sales growth and improved gross margins indicate effective cost management and growing demand.

Business Model Motorcar Parts of America (MPAA) generates revenue through the sale of automotive aftermarket parts and test solutions to retail outlets, the professional repair market, and major automobile manufacturers (OES) primarily in North America. Revenue Sources * Rotating electrical products (alternators, starters): 67% of Q3 2025 revenue * Brake-related products (calipers,

Kimco Realty Corp - $KIM - Earnings Analysis: Strong revenue growth driven by strategic acquisitions and leasing activity.

Business Model Kimco Realty generates revenue primarily from rental income from its portfolio of open-air, grocery-anchored shopping centers and mixed-use properties. Additional revenue comes from management and other fee income. Revenue Sources * Rental income from tenants (majority of revenue) * Management and other fee income Income Statement Analysis * Total revenue increased

Fortive Corp - $FTV - Earnings Analysis: Consistent performance in IOS and AHS segments.

Business Model Fortive operates through three segments: Intelligent Operating Solutions (IOS), Precision Technologies (PT), and Advanced Healthcare Solutions (AHS). Revenue is generated from the sale of professional and engineered products, software, and services within these segments. Revenue Sources * Intelligent Operating Solutions: Provides safety and productivity solutions. * Precision Technologies: Offers precision

BILL Holdings - $BILL - Earnings Analysis: Strong Core Revenue Growth: BILL reported a robust 16% year-over-year increase in core revenue (subscription and transaction fees) in Q2 2025, indicating a healthy demand for their financial operations platform.

Business Model BILL generates revenue through subscription fees, transaction fees, and interest on funds held for customers (float revenue). Revenue Sources * Subscription fees: Fixed monthly or annual charges based on feature set and functionality. * Transaction fees: Usage-based charges, including fixed or variable fees and interchange income. * Float revenue: Interest earned

- $BYRNA - Earnings Analysis: Strong revenue growth and improved profitability in Q4 2024 and FY 2024.

Business Model Byrna Technologies generates revenue through the development, manufacture, and sale of less-lethal personal security solutions, primarily through direct-to-consumer (DTC) channels (Byrna.com and Amazon.com), retail stores, and partnerships with retailers like Sportsman's Warehouse. Revenue Sources * Direct-to-consumer (DTC) sales: Sales through Byrna.com and Amazon.com.

Green Plains - $GPRE - Earnings Analysis: Potential benefits from the 45Z Clean Fuel Production Credit and the 'Advantage Nebraska' carbon strategy.

Business Model Green Plains generates revenue primarily through the production and sale of ethanol, distillers grains, ultra-high protein products, and renewable corn oil. The company also generates revenue through agribusiness and energy services, including grain handling and storage, commodity marketing, and merchant trading. Revenue Sources * Ethanol production and sales * Sales

- $WEED - Earnings Analysis: Strong performance in Canada medical cannabis and international markets.

Business Model Canopy Growth generates revenue through the production, distribution, and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes. Key revenue streams include Canada cannabis, international markets cannabis, and Storz & Bickel vaporizers. Revenue Sources * Canada cannabis (adult-use and medical) * International markets

Suncor Energy - $SU - Earnings Analysis: Record upstream production and refining throughput demonstrate operational excellence.

Business Model Suncor Energy is an integrated energy company with operations spanning oil sands development, production, and upgrading; offshore oil production; petroleum refining; and retail and wholesale distribution networks. Revenue Sources * Revenues are generated from the sale of upgraded synthetic crude oil, non-upgraded bitumen, refined petroleum products, and byproducts. Revenue

Equitable Holdings - $EQH - Earnings Analysis: Strong growth in earnings and cash generation.

Business Model Equitable Holdings operates through three main segments: Retirement (Individual and Group), Asset Management (AllianceBernstein), and Wealth Management. Revenue is generated through policy charges, fees, premiums, investment management and service fees, and other income. Revenue Sources * Policy charges and fee income from retirement and protection products. * Premiums from insurance

Cloudflare - $NET - Earnings Analysis: Consistent revenue growth driven by a land-and-expand strategy and strong customer retention.

Business Model Cloudflare generates revenue by providing a range of cloud-based services, including security, performance, and reliability solutions, delivered through a global network. They operate on a subscription-based model with additional usage-based components. Revenue Sources * Subscription fees from paying customers for access to Cloudflare's platform and services. * Usage-based

AstraZeneca PLC - $AZN - Earnings Analysis: Strong revenue and earnings growth in FY 2024.

Business Model AstraZeneca generates revenue through sales of prescription medicines across various therapy areas, including Oncology, Biopharmaceuticals (Cardiovascular, Renal & Metabolism, and Respiratory & Immunology), and Rare Disease. Revenue also includes Alliance Revenue from partnered medicines and Collaboration Revenue from milestones and upfront payments. Revenue Sources * Product Sales: Sales from

Labcorp Holdings - $LH - Earnings Analysis: Consistent revenue growth driven by both organic and inorganic initiatives.

Business Model Labcorp generates revenue through its two main segments: Diagnostics Laboratories and Biopharma Laboratory Services. Revenue Sources * Diagnostics Laboratories: Revenue from a broad range of routine and esoteric testing services provided to physicians, hospitals, and other clinical laboratories. * Biopharma Laboratory Services: Revenue from central laboratory services and early development

Ralph Lauren Corp - $RL - Earnings Analysis: Strong revenue growth and profitability driven by solid execution across geographies, channels and categories.

Business Model Ralph Lauren Corporation generates revenue through the design, marketing, and distribution of luxury lifestyle products across five categories: apparel, footwear & accessories, home, fragrances, and hospitality. Revenue Sources * Retail sales through directly operated stores (Ralph Lauren Stores and Outlet Stores) and concessions. * Wholesale sales to department stores and

Hershey Co - $HSY - Earnings Analysis: Strong brand recognition and market share in the confectionery and salty snack categories.

Business Model Hershey generates revenue through the sale of confectionery, salty snacks, and other food products across North America and internationally. Revenue Sources * North America Confectionery: Sales of chocolate, sweets, mints, and gums in the United States and Canada. * North America Salty Snacks: Sales of salty snacks, including SkinnyPop popcorn