Tesla and Sunrun Sign Agreement for 16 Gigawatts of Energy

Institutional investors and professional traders rely on The Fly to keep up-to-the-second on breaking news in the electric vehicle and clean energy space, as well as which stocks in these sectors that the best analysts on Wall Street are saying to buy and sell.From the hotly-debated high-flier Tesla, Wall Street's newest darling Rivian, traditional-stalwarts turned EV-upstarts GMand Fordto the numerous SPAC-deal makers that have come public in this red-hot space, The Fly has you covered with "Charged," a weekly recap of the top stories and expert calls in the sector.Clickto check out Tesla's recent Media Buzz Sentiment as measured by TipRanks.SUNRUN, TESLA AGREEMENT:Last week, Sunrun, Renew Home, and Teslaannounced an agreement to deliver more than 16 gigawatts of flexible energy capacity to hyperscalers and utilities. The companies said: "The agreement establishes a framework for three of the largest players in home energy to aggregate millions of existing demand side and energy exporting devices in states across the country into local, turnkey solutions that require no additional hardware, software, interconnection, water, or land usage for offtaking parties."DELIVERIES:Barclays expects Tesla to report Q2 deliveries of 418,000 units, up 9% year-over-year and above the consensus estimate of 396,000. However, Tesla's auto volumes "have increasingly become an afterthought," the firm tells investors in a research note. Barclays  believes the stock is "being driven almost exclusively by narrative," with hopes for inflection points in Robotaxi, Optimus, and AI. As a result, Tesla's "fundamentals" such as Q2 deliveries and margins are "increasingly an afterthought," contends Barclays. The firm says that in its recent investor discussions on Tesla, the trajectory of the auto business has received almost no attention. It keeps an Equal Weight rating on the shares with a $360 price target.RBC Capital analyst Tom Narayan, who expects Tesla to report deliveries in the next two weeks, estimates deliveries of 405,000 in Q2, above the Visible Alpha consensus of 401,000 vehicles. The Model S and X discontinuation in Q2 reflects a strategic pivot to robotaxi and humanoids, potentially pressuring private vehicle sales going forward, adds the analyst, who has an Outperform rating and $475 price target on Tesla shares.SAFETY INVESTIGATION:The National Transportation Safety Board, in coordination with the Harris County Sheriff's Department,via X that it has opened a safety investigation into the June 19 crash of a Tesla Model 3 that struck a home at high speed in Katy, Texas.ON THE SIDELINES:Guggenheim initiated coverage of Oklowith a Neutral rating and no price target. Oklo is a vertically integrated advanced nuclear developer with a "substantial" pipeline, the analyst tells investors in a research note. The firm sees the company's EBITDA turning positive in 2030. The "capital-intensive nature" of Oklo's business suggests that free cash flow is "further off" as long as the company continues to add assets, adds Guggenheim.VAC ACQUISITION:Energy Fuelsannounced a definitive agreement to acquire 100% of Vacuumschmelze, Ara VAC and their respective consolidated subsidiaries, or VAC, from Ara Partners for a total cash-and-stock consideration of approximately $1.9B based on Energy Fuels' closing share price of $16.12 as of June 22, creating a fully integrated platform to strengthen global critical rare earth element supply chains. Following completion of the transaction, VAC will become a wholly owned subsidiary of Energy Fuels and will retain its branding. VAC's technology base, engineering expertise and manufacturing footprint will remain, with VAC maintaining its headquarters in Hanau, Germany.