Does Energy Storage Win Change The Bull Case For Onsemi (ON)?

Simply Wall St.10-23 16:31

onsemi reported that Sungrow adopted its EliteSiC hybrid power modules and high density power integrated modules for the PowerTitan 3.0 utility scale energy storage platform, targeting higher ...

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class=\"title\">\nDoes Energy Storage Win Change The Bull Case For Onsemi (ON)?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-23 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/semiconductors/nasdaq-on/on-semiconductor/news/does-energy-storage-win-change-the-bull-case-for-onsemi-on><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>onsemi reported that Sungrow adopted its EliteSiC hybrid power modules and high density power integrated modules for the PowerTitan 3.0 utility scale energy storage platform, targeting higher ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/semiconductors/nasdaq-on/on-semiconductor/news/does-energy-storage-win-change-the-bull-case-for-onsemi-on\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ONX","symbol_name":"Tradr 2X Long ON Daily 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platform, targeting higher efficiency and power density in battery energy storage systems.\nThis win embeds onsemi silicon carbide into a major utility scale storage platform, tying its power portfolio more tightly to long duration grid energy storage demand.\nNext comes a look at how onsemi’s Sungrow EliteSiC design win might...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"ONX":"Tradr 2X Long ON Daily ETF","LU0724618433.USD":"BGF NEW ENERGY \"A4\" (USD) INC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1978683503.SGD":"Blackrock Sustainable Energy A2 SGD-H","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","ON":"安森美半导体","BK4588":"碎股","BK4605":"半导体精选","LU1854103824.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) INC","ONG":"Leverage Shares 2X Long ON Daily ETF","LU0124384867.USD":"贝莱德新能源基金A2","LU1861220033.SGD":"Blackrock Next Generation Technology A2 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的牛市吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ON":1.5,"ONX":0.6,"ONG":0.6},"content_text":"onsemi reported that Sungrow adopted its EliteSiC hybrid power modules and high density power integrated modules for the PowerTitan 3.0 utility scale energy storage platform, targeting higher efficiency and power density in battery energy storage systems. This win embeds onsemi silicon carbide into a major utility scale storage platform, tying its power portfolio more tightly to long duration grid energy storage demand. Next comes a look at how onsemi’s Sungrow EliteSiC design win might influence the broader investment narrative that investors use to judge the business.  Scan beyond ON Semiconductor and compare other grid and storage plays by reviewing our hand picked 42 power grid technology and infrastructure stocks that may also be tied to long duration energy demand themes. AdvertisementON Semiconductor Investment Narrative Recap To own ON Semiconductor, you generally need to believe the pivot to higher value power and sensing products in autos, industrial and AI data centers can offset pockets of weaker end demand. The Sungrow EliteSiC win fits that story by reinforcing ON Semiconductor’s position in long duration energy storage, although the financial impact from a single platform is likely modest in the near term. The key short term catalyst is the 2 November 2026 earnings report, where investors will look for evidence that silicon carbide, AI data center and industrial programs are filling any gaps from softer auto or other cyclical areas. The biggest risk remains underutilized fabs if orders slow, which could pressure gross margin targets that depend on keeping the new cost structure fully loaded. The Sungrow decision to use ON Semiconductor’s EliteSiC hybrid power modules aligns most directly with the firm’s broader push into differentiated power solutions. This announcement matters because it shows those silicon carbide investments finding real homes in large utility scale battery projects, an area tied closely to grid level demand and long duration storage build outs. Against that backdrop, the upcoming earnings release becomes more than just a quarterly check in. It is a test of whether wins like PowerTitan 3.0, plus earlier AI data center and EV programs, are translating into the kind of mix shift and fab loading that support the longer term margin and free cash flow ambitions, while helping offset any drag from weaker auto production or delays in integrating acquisitions such as Synaptics. ON Semiconductor's current narrative ties analyst expectations to revenue of US$9.0b and earnings of US$2.5b by 2029, built on an assumed 13.3% yearly revenue growth rate and an earnings increase of about US$1.9b from US$630.2m today. Uncover how ON Semiconductor's fair value indicates a 43% potential upside to its current price before the gap to market expectations narrows. NasdaqGS:ON 1-Year Stock Price Chart Exploring Other Perspectives Some of the most optimistic analysts frame the Sungrow win through a different lens. They see the upside less in near term storage orders and more in whether ON Semiconductor can support a revenue path toward about US$10.1b and earnings near US$3.0b by 2029. Those forecasts were set before this announcement, so opinions may evolve as investors compare alternative views. Explore 3 other ON Semiconductor fair value estimates, including one that suggests as much as 85% upside from the current price! Decide For Yourself Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so consider trusting your own analysis.  A great starting point for your ON Semiconductor research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. See our latest analysis for ON Semiconductor. The report includes a comprehensive fundamental analysis summarized in a single visual, the Snowflake, making it easy to evaluate ON Semiconductor's overall financial health at a glance.  Looking for more investment ideas beyond ON Semiconductor? Once you have a view on ON Semiconductor, it can help to compare that thesis with other opportunities that share similar quality traits or risk profiles. Use the Simply Wall St Screener to line up different companies side by side and see which ones better fit your goals.  If you want potential mispricing with stronger fundamentals, start by reviewing a curated 29 high quality undervalued stocks that combine balance sheet strength with solid cash generation. For investors who care most about resilience, consider a 30 resilient stocks with low risk scores that screens for businesses with fewer red flags on financial health and volatility. If you are hunting for future leaders before they hit the spotlight, check out a 20 high quality undiscovered gems that filters for quality metrics the market may not be fully focused on yet.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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