Core Viewpoint - Flex has completed a $325 million all-cash acquisition of Crown Technical Systems, enhancing its power distribution and protection systems portfolio [1][2]. Group 1: Acquisition Details - The acquisition increases Flex's exposure to high-growth markets such as modular data centers and medium voltage power distribution, while also expanding its presence in the utility power market [2]. - Crown Technical Systems is projected to generate approximately $120 million in revenue with a high-teens EBITDA margin for fiscal 2025 [3]. Group 2: Strategic Implications - The acquisition is expected to strengthen Flex's critical power portfolio and support growth in the U.S. data center market, driving long-term value for customers and shareholders [2][3]. - The integration of Crown Technical Systems will be reported under Flex's Industrial Business unit within the Reliability Solutions segment [3].

Core Insights - Investors in the Electronics - Miscellaneous Products sector may consider Flex (FLEX) and Rockwell Automation (ROK) as potential undervalued stocks [1] Valuation Metrics - FLEX has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while ROK has a Zacks Rank of 3 (Hold) [3] - FLEX's forward P/E ratio is 15.37, significantly lower than ROK's forward P/E of 29.72 [5] - FLEX has a PEG ratio of 2.09, compared to ROK's PEG ratio of 2.92, suggesting FLEX may offer better value relative to its expected earnings growth [5] - FLEX's P/B ratio is 2.88, while ROK's P/B ratio is 8.83, indicating that FLEX is more attractively valued in terms of market value versus book value [6] Value Grades - FLEX holds a Value grade of A, whereas ROK has a Value grade of C, reflecting FLEX's stronger estimate revision activity and more attractive valuation metrics [7]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation m ...

Core Insights - Flex has acquired JetCool Technologies to enhance its data center and power portfolio, addressing the growing challenges of power, heat, and scale in AI workloads and high-performance computing [1][2] - The acquisition combines JetCool's advanced liquid cooling technologies with Flex's expertise in IT and power infrastructure, enabling customers to deploy AI servers at scale [1][2] Company Overview - Flex is a global manufacturing partner that provides technology innovation, supply chain, and manufacturing solutions across diverse industries [5] - The company operates in 30 countries and focuses on responsible and sustainable operations [5] JetCool Technologies - Founded in 2019, JetCool specializes in liquid cooling solutions for hyperscale, enterprise, colocation, and semiconductor customers [2] - JetCool's products include microconvective cooling systems, fully sealed cold plates, and a recently announced Coolant Distribution Unit (CDU) capable of cooling racks up to 300kW, scalable to over 2MW [2] Industry Context - The acquisition is positioned to meet the increasing demands for cooling solutions in the AI and high-performance computing sectors, which require greater performance, efficiency, and sustainability [2] - Flex's manufacturing capabilities support the mass deployment of vertically integrated data center racks, addressing industry-wide challenges with power, heat, and scale [4]

Core Insights - ReShape Lifesciences has received an updated Medical Device License from Health Canada for its next generation Lap-Band® 2.0 FLEX and Tubing Kit, marking a significant milestone and growth catalyst for the company's Lap-Band® franchise [1][2] Product Details - The enhanced Lap-Band® 2.0 FLEX was designed based on physician feedback to improve patient experience, featuring adjustable band openings for optimizing eating habits and comfort [2] - The new Flex technology acts as a relief valve, allowing larger food pieces to pass through more easily, minimizing discomfort during swallowing [2] - Initial market release in the U.S. has received overwhelmingly positive feedback from surgeons, with data being analyzed to support the upcoming U.S. commercial launch [2] Company Overview - ReShape Lifesciences is a leading company in weight loss and metabolic health solutions, offering a range of products including the FDA-approved Lap-Band® System, which provides a minimally invasive treatment for obesity [3] - The company also has investigational products like the Diabetes Bloc-Stim Neuromodulation™ (DBSN™) system for type 2 diabetes and the non-surgical Obalon® balloon technology for weight loss [3]

HAMILTON, Bermuda, Nov. 12, 2024 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the nine months ended September 30, 2024.Highlights:* Vessel operating revenues of $90.5 million for the third quarter 2024, compared to $84.7 million for the second quarter 2024.* Net income of $17.4 million and basic earnings per share of $0.32 for the third quarter 2024, compared to net income of $21.8 million and basic earnings per share of $0.41 for the second ...

HAMILTON, Bermuda, Nov. 12, 2024 /PRNewswire/ -- Key information relating to the cash distribution to be paid by Flex LNG Ltd. ("Company") for the third quarter 2024. The distribution will be made from the Company's Contributed Surplus Account.Please note that from May 28, 2024, the standard settlement cycle for transactions executed in securities traded on the New York Stock Exchange ("NYSE") will be shortened from T+2 to T+1 (of which T equals trading date), while the Oslo Stock Exchange ("OSE") will cont ...

HAMILTON, Bermuda, Nov. 12, 2024 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s third quarter 2024 results which will be presented in a live video webcast today at 15:00 CET (09:00 a.m. EST).In order to watch the webcast, use the following link:Third Quarter 2024 Earnings PresentationA Q&A session will be held after the webcast. Information on how to submit questions will be given at the beginning of the session.In conjunction with the quarterly results, we have published a short t ...

Group 1 - Zacks Premium offers tools for investors to enhance their stock market confidence and knowledge, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are indicators that help investors select stocks likely to outperform the market in the next 30 days, rated from A to F based on value, growth, and momentum characteristics [2][3] Group 2 - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [3] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing projected and historical earnings and cash flow [3] Group 3 - The Momentum Score assists investors in capitalizing on price trends, utilizing factors like recent price changes and earnings estimate shifts [4] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with attractive value, growth, and momentum [5] Group 4 - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in portfolio creation, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6][7] - To optimize returns, investors should target stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [8] Group 5 - The direction of earnings estimate revisions is crucial when selecting stocks, as stocks with lower ranks may still have high Style Scores but face declining earnings forecasts [9] - Flex Ltd, a Singapore-based company, is currently rated 3 (Hold) with a VGM Score of A, indicating potential for investors [10] - Flex has a Momentum Style Score of A, with shares increasing by 14.2% over the past four weeks, and upward revisions in earnings estimates for fiscal 2025 [11]

HAMILTON, Bermuda, Nov. 7, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed with the Charterer of Flex Courageous and Flex Resolute, a Supermajor, to amend the existing Time Charter Agreements ("TC") for the two LNG carriers where the parties have agreed a new firm period from 2029 to 2032 which may be extended by an additional seven years in total until 2039. As communicated by the Company on November 1, 2021, Flex LNG and the Cha ...