On Tuesday, B.Riley adjusted its stance on Redwire (NYSE: RDW), shifting from a Buy to a Neutral rating, though it increased the price target to $9.50, up from $8.00. The change in rating comes after Redwire’s stock experienced a significant rise, which has limited the near-term growth potential relative to the new price target. The firm’s decision to raise the price target from $8.00 to $9.50 is based on a revised pro forma enterprise value-to-sales (EV/sales) multiple, from 2x to 2.5x, applied to fiscal year 2026 projections. This adjustment reflects the anticipated growth opportunities for Redwire, particularly as the company…
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Debra A. Cafaro, Chairman and CEO of Ventas, Inc. (NYSE:), has sold shares worth approximately $5.34 million, according to a recent SEC filing. On October 24 and 25, Cafaro executed a series of transactions involving the company’s common stock. The sales involved a total of 80,767 shares at a weighted average price range of $66.0969 to $66.111 per share. These transactions were part of a pre-established Rule 10b5-1 trading plan. In addition to the sales, Cafaro exercised stock options for a total of 80,767 shares at a price of $65.94 per share. Following these transactions, Cafaro holds 986,717 shares of…
The Treasury Department cemented a final rule on Monday that prevents those in the United States from exporting certain technologies to China that could bolster the nation’s military and thre… Source link
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.Nurphoto | Nurphoto | Getty ImagesBritish oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by lower crude prices and lower refining margins.The energy firm posted underlying replacement cost profit, used as a proxy for net profit, of $2.3 billion for the July-September period. That beat analyst expectations of $2.1 billion, according to an LSEG-compiled consensus.BP reported net profit of $2.8 billion for the second quarter of the year and $3.3 billion for the third quarter of 2023.The…
The Biden administration finalized restrictions on investments by US individuals and companies into advanced technology in China, including semiconductors, quantum computing and artificial intelligence. Source link
Investing.com– Chinese electric vehicle maker NIO Inc (HK:) rose sharply in Hong Kong trade on Tuesday after Macquarie upgraded the stock, citing improved expectations for the company’s upcoming earnings. NIO rose 12.2% to HK$46.60, tracking a 10.5% overnight rally in its American Depository Receipts (NYSE:). Macquarie upgraded the stock to Outperform from Neutral, while hiking its target price to HK$65 from HK$52. Macquarie said it expected strong third-quarter earnings from the firm, and also expected Nio to post strong guidance for the fourth quarter on a pick-up in sales volumes. Increased sales were driven by the launch of Nio’s new mass…
Carbon Finance MarketHTF Market Intelligence published a new research document of 150+pages on “Carbon Finance Market Insights, to 2030” with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Carbon Finance market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are 3Degrees (United States), Carbon Credit Capital, LLC (United States), Ecosphere+ (United Kingdom), EEP Africa…
WASHINGTON (AP) — The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing. The finalized rule arises from an executive order issued in August 2023 by President Joe Biden. The order sought to limit the access that “countries of concern’’ — specifically, China, Hong Kong and Macau — have to American dollars to fund technologies that could be used, for example, to break codes or develop next-generation fighter jets. It will take effect…
The India unit of gaming firm Krafton has backed IMM Investment’s maiden India fund as an anchor limited partner as the battle royale BGMI-maker broadens its investment bets in the South Asian market. Seoul-based IMM Investment, an early backer of Krafton and roughly half of South Korea’s unicorn startups, has made the first close for India fund and hired former Legend Capital partner Prakhar Khanduja to run the local unit. Nihansh Bhat, lead of corporate development for Krafton India, told TechCrunch that the IMM fund investment would help the gaming company tap into newer business categories and sectors in India.…
In the aftermath of the Mexican Grand Prix, Christian Horner, Red Bull’s team principal, defended Max Verstappen, who received two 10-second penalties after collisions with Lando Norris during the race. The incidents occurred as Verstappen and Norris battled for position behind Carlos Sainz. In the first clash at Turn 4, Verstappen pushed Norris off track as they fought for the apex, leading the stewards to penalize Verstappen. Shortly after, Verstappen attempted another maneuver at Turn 7, again forcing both drivers off the track and regaining second place. The stewards ruled he gained an advantage illegally, adding another penalty, which dropped…