Palladyne AI Corp. (PDYN)
Entry:
Price target: 16.00-18.00
Second PT:
The global robotics industry is currently valued at approximately $94 billion and is expected to grow at an annual rate of 16.1% over the next five years, reaching a market cap of $165.2 billion. This growth presents opportunities for many businesses within the industry to expand alongside it. Palladyne AI Corp. is one such business, specializing in the design, development, and manufacture of industrial robotic systems that enhance human performance by integrating human intelligence, instinct, and judgment with the strength, endurance, and precision of machines. This approach aims to improve employee safety and productivity.
The stock earned a spot on our watchlist this week due to a recent update about its Palladyne Pilot AI software platform. This platform reportedly enables third-party drones to identify, prioritize, and autonomously track terrestrial targets. Last week, the company announced the successful maiden flight of a third-party small drone equipped with this capability, which has reassured investors about Palladyne’s potential in this space.
While the company’s technological advancements are undeniably exciting, we must also evaluate its financials to assess whether it should be viewed as a long-term investment or a short-term trade. Palladyne’s financials are still in their early stages and do not yet justify a "buy and hold" strategy. However, the recent excitement surrounding its developments is likely to drive the stock higher in the short term. As such, our focus will be on a multi-day to multi-week holding period.
Please note that this may take beyond this week to come around to price targets.
First Solar Inc. (FSLR)
Entry:
Price target: 205.00-215.00
Second PT:
Data center stocks surged in 2024, driven by the booming demand for artificial intelligence. However, one of the biggest ongoing questions is how these companies will be powered. Some giants, like Google and Amazon, have proposed nuclear power and are even partnering with nuclear power companies to explore solutions. Regardless of the approach, energy will be essential to sustain the inevitable growth of AI and other electricity-dependent technologies.
Another proposed solution comes directly from the sun, and this option is likely to continue thriving with or without artificial intelligence. Solar power is not a new concept, but its growth remains steady. The global solar power market is valued at $273 billion in 2024 and is expected to nearly double by 2030, creating significant opportunities for businesses in the sector. One such company is First Solar, which underperformed in 2024 despite its continuously improving earnings. The company achieved average quarterly revenue growth of 27% during the first three quarters of 2024 and is expected to post its strongest quarter of the year in Q4. Projections for 2025 indicate even greater growth, particularly in profits, positioning First Solar as a top contender in the solar sector.
First Solar lagged behind the broader market rally this year due to uncertainty surrounding how the Trump administration would approach solar energy. Investors will closely monitor the company for signals about how policy changes might impact its projections. If First Solar can reassure investors that its earnings will remain unaffected despite potential policy shifts, the stock could be well-positioned for a breakout rally. While earnings are still weeks away, we may start seeing a pre-earnings rally as the announcement date approaches.
Please note that this may take beyond this week to come around to price targets.
Progyny (PGNY)
Entry:
Price target: 19.50-20.00
Second PT:
Progyny operates in an industry we don’t often trade, but it has earned a spot on our watchlist this week following last week’s surge above its 50-day moving average—a key indicator often used by Wall Street to determine whether a stock is bullish (above the average) or bearish (below the average).
The company provides fertility solutions to employers, managing treatments such as intrauterine insemination (IUI), in vitro fertilization (IVF), egg freezing, and other fertility-related services. Progyny’s business model has proven highly lucrative, enabling the company to surpass $1 billion in annual revenue for the first time last year—a milestone it is expected to exceed once again this year. Delving deeper into the fundamentals, PGNY holds $660 million in assets compared to only $225 million in liabilities, yielding a strong 2:1 ratio on its balance sheet. Furthermore, the company generated $160 million in free cash flow this year, showcasing effective capital management by its leadership team.
With a market cap of only $1.44 billion, Progyny is considered by some to be an undervalued company. While it may belong to a “boring” industry, investors recognizing this value may flock to the stock. Last week’s breakout above the 50-day moving average could serve as the catalyst needed to draw more attention to the company and propel it higher through 2025.
Please note that this may take beyond this week to come around to price targets.
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You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
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The stocks posted above are the preliminary stocks and set ups we’ll be watching this week. All price points are subject to change based on market performance and sector health. Please do your own research and analysis on these companies/charts before taking on any set ups. Trade at your own risk and as always, good luck! Let’s have a fantastic week.