ADVFN US – Market Content Editor
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Ormat Technologies Shares Slide After Bernstein Starts Coverage With Underperform Rating
Ormat Technologies (NYSE:ORA) moved lower in premarket trading on Wednesday after Bernstein SocGen Group initiated coverage of the geothermal energy company with an Underperform recommendation and a $115 price target. The shares had closed Tuesday at $133.96, leaving the analyst’s target roughly 14% below the stock’s latest closing price. Analyst Highlights Concerns Over Geothermal Exploration…
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NeoVolta Shares Surge After Needham Launches Coverage With Buy Rating
NeoVolta Inc. (NASDAQ:NEOV) climbed 20% on Wednesday after Needham initiated research coverage on the energy storage company with a Buy recommendation and an $8.00 price target. The stock had finished Tuesday’s session at $1.71, meaning the new target suggests potential upside of more than 300% from the previous closing price. Analyst Sees Significant Opportunity in…
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Jazz Pharmaceuticals and AbCellera Partner on Antibody Programs for Solid Tumors
Jazz Pharmaceuticals (NASDAQ:JAZZ) and AbCellera (NASDAQ:ABCL) have signed a preclinical collaboration, option and licensing agreement focused on the discovery and development of T-cell engaging multispecific antibodies for gastrointestinal cancers and other solid tumors. The partnership combines AbCellera’s antibody discovery capabilities with Jazz’s oncology development expertise as the companies seek to advance new cancer therapies. Initial…
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Uber, Nuro and Lucid Target Houston Robotaxi Launch in 2027
Uber Technologies (NYSE:UBER), Nuro and Lucid Group (NASDAQ:LCID) have unveiled plans to introduce a robotaxi service in Houston by mid-2027, expanding their autonomous mobility partnership beyond the San Francisco Bay Area, where operations are scheduled to begin later this year. The announcement represents the second planned deployment under the companies’ joint autonomous vehicle initiative as…
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Semiconductor Stocks Climb in Premarket Trade Following Intel Manufacturing Milestone
Chipmakers moved higher in premarket trading on Wednesday, with Intel (NASDAQ:INTC) leading the sector after announcing a significant advancement in its next-generation manufacturing technology. The gains helped reverse some of the weakness seen across semiconductor stocks during Tuesday’s session, lifting sentiment across the broader industry. Intel Leads Sector Higher Intel shares rose roughly 4% before…
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CarMax Tops Expectations as Growth Plan Gains Momentum (KMX)
CarMax Inc. (NYSE:KMX) delivered first-quarter results ahead of market forecasts, with both earnings and revenue surpassing analyst expectations as the company’s recently introduced four-pillar strategy began to show encouraging signs of progress. Adjusted earnings per share came in at $1.31, exceeding the consensus estimate of $0.96 by $0.35. Revenue increased 6.2% year over year to…
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Intel Shares Rise After 18A-P Manufacturing Process Reaches Key Production Milestone
Intel (NASDAQ:INTC) moved higher in premarket trading on Wednesday after revealing that its advanced 18A-P chip manufacturing technology has entered risk production, an important phase that precedes volume manufacturing. The development marks another step forward in Intel’s effort to execute on its semiconductor manufacturing strategy and attract additional customers to its growing foundry business. Shares…
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SpaceX Adds to Historic Rally as Market Value Moves Beyond Amazon
SpaceX (NASDAQ:SPCX) continued its remarkable post-listing advance on Tuesday, overtaking Amazon.com’s (NASDAQ:AMZN) market capitalization and briefly surpassing Microsoft as it climbed the ranks of the world’s most valuable publicly traded companies. The stock finished the session up 4.83% at $201.80, giving the aerospace and technology group an implied valuation of approximately $2.66 trillion, around $8…
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Carter’s Shares Rise After Wells Fargo Lifts Rating and Target Price
Carter’s (NYSE:CRI) moved higher in premarket trading on Monday, gaining 3.5% after Wells Fargo upgraded the children’s apparel retailer to Equal Weight from Underweight and raised its price target to $42 from $30. Analyst Ike Boruchow cited improving execution under the company’s new leadership team, continued momentum in direct-to-consumer operations and the potential impact of…
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GE Vernova Highlights Grid Stability and Emissions Technologies at Africa Energy Forum
GE Vernova (NYSE:GEV) used the Africa Energy Forum to showcase a range of energy technologies designed to support power reliability, emissions management and grid modernization across the continent. The company focused on digital solutions for utilities and industrial customers, alongside technologies intended to help African energy systems accommodate growing levels of renewable power generation. AI-Powered…