Overview

• Shares rose more than 7% after Susquehanna lifted its price target to $740 and reiterated a Positive rating.
• Susquehanna pointed to preserved Inflation Reduction Act tax credits, domestic manufacturing, and a robust backlog in revising estimates.
• RBC cut the stock to Sector Perform on October 1 with a $605 target, saying long-term earnings are largely priced in and flagging a slower power growth outlook.
• A Forbes analysis sketches a conditional path to $900–$1,000 by 2028 if revenue reaches roughly $55–$60 billion, margins rise to the mid-teens, and high growth multiples persist.
• Valuation metrics near a ~50x forward P/E and ~90x EV/EBITDA underscore downside risks tied to execution, capital intensity, interest rates, and competition.