EVEX - Ameresco charges to top industrial gainer of week Rocket Lab lands among losers

2023-09-16 12:35:11 ET

The Industrial Select Sector ( XLI ) fell -0.60% for the week ending Sept. 15, while the SPDR S&P 500 Trust ETF ( SPY ) dipped -0.48% . XLI was among the three of the 11 S&P 500 sectors which ended the week in red. However, year-to-date, XLI has climbed +6.91% , and SPY has risen +15.93% .

The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +7% each this week. YTD, 3 out of these 5 stocks are in the green.

Ameresco ( NYSE: AMRC ) +14.19% . The Framingham, Mass.-based company, which provides energy efficiency solutions, onMonday announced a regional solar energy project in partnership with communities surrounding the City of Craig, CO, and Yampa Valley Electric Association.

AMRC has a SA Quant Rating — which takes into account factors such as Momentum, Profitability, and Valuation among others — of Sell . The stock has a factor grade of D for Profitability and D+ for Valuation. The average Wall Street Analysts' Rating differs completely with a Strong Buy rating, wherein 10 out of 14 analysts tag the stock as such. YTD, the stock has tumbled -18.18% , the most among this week's top five gainers for this period.

Eve Holding ( EVEX ) +10.11% . The electric air taxi developer's shares shot up the most on Friday +10.25%. YTD, the stock has risen +22.5% . The SA Quant Rating on EVEX is Hold with score of C for Momentum and D+ for Growth. The average Wall Street Analysts' Rating disagrees, and has a Buy rating, wherein 3 out of 8 analysts see the stock as Strong Buy.

The chart below shows YTD price-return performance of the top five gainers and SPY:

Canadian National Railway ( CNI ) +7.94% . The rail stock rose throughout the week. However, YTD, the shares are slightly down, -2.09% . CNI has a SA Quant Rating of Hold with factor grade of A+ for Profitability but D for Growth. The rating is in contrast to the average Wall Street Analysts' Rating of Buy , wherein 7 out of 33 analysts tag the stock as Strong Buy.

Carpenter Technology ( CRS ) +7.61% . The Philadelphia-based specialty metals maker saw its stock rise the most on Wednesday ( +6.50% ). YTD, the shares have surged +81.43% , the most among this week's top five gainers for this period. The SA Quant Rating on CRS is Hold , while the average Wall Street Analysts' Rating is Strong Buy .

First Advantage ( FA ) +7.26% . The employee screening services provider extended its existing $200M share buyback authorization by one year to Dec. 31, 2024. The SA Quant Rating on FA is Hold , which differs with the average Wall Street Analysts' Rating of Buy . YTD, +21.12% .

This week's top five decliners among industrial stocks (market cap of over $2B) all lost more than -9% each. YTD, 1 out of these 5 stocks is in the red.

Rocket Lab USA ( NASDAQ: RKLB ) -17.42% . The space company's stock fell -12.17% on Tuesday after Founder Peter Beck filed to sell shares valued at $22.3M. However YTD, the shares are still in green, +35.81% .

The SA Quant Rating on RKLB is Hold with a factor grade of D- for Profitability and B for Momentum. The rating differs with the average Wall Street Analysts' Rating of Buy , wherein 4 out of 8 analysts view the stock as Strong Buy.

Symbotic ( SYM ) -10.56% . The stock continued to lose steam this week and landed among the top five decliners , as it had done in August too. However, YTD, the shares have soared +166.75% . The SA Quant Rating on SYM is Hold with score of C for Growth and C- for Valuation. The average Wall Street Analysts' Rating has a more positive view with a Buy rating, wherein 7 out of 13 analysts see the stock as Strong Buy.

The chart below shows YTD price-return performance of the worst five decliners and XLI:

Joby Aviation ( JOBY ) -10.41% . The electric air-taxi maker's stock fell the most on Friday (-5.76%). But, YTD, the shares have gained +95.22% . The SA Quant Rating on JOBY is Hold with score of D- for Profitability and B- for Growth. The average Wall Street Analysts' Rating concurs with a Hold rating of its own, wherein 2 out of 7 analysts tag the stock as such.

RTX ( RTX ) -9.20% . The stock slumped -7.88% on Monday after the aero-defense company said that more than 600 of its geared turbofan engines will have to be removed from planes for quality checks. The removals will reduce its pretax profit by $3B to $3.5B in the next several years. The news also brought downgrades at Barclays Capital, RBC Capital Markets and Bank of America during the week.

YTD, the stock has fallen -24.89% , the only one among this week's worst decliners which is in the red for this period. The SA Quant Rating on RTX is Hold , while the average Wall Street Analysts' Rating is Buy .

Builders FirstSource ( BLDR ) -9.04% . The stock fell the most on Friday ( -5.23% ). However, YTD, the shares have soared +96.12% . The SA Quant Rating on BLDR is Hold , but the average Wall Street Analysts' Rating is Buy .

For further details see: