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Flex Expands U.S. Manufacturing Capacity to Meet Customers' Growing AI-Driven Power Demands with New Dallas Facility
Prnewswire· 2025-02-20 14:05
Core Insights - Flex announced the expansion of its U.S. manufacturing capacity with a new 400,000-square-foot facility in Dallas focused on power products [2][3] - The new facility aims to enhance production capacity and efficiency for grid-to-chip data center power infrastructure solutions, including power pods, power distribution units, and low-voltage switchgear [2][4] - This strategic investment is driven by the rising power infrastructure demands due to AI adoption and aims to reduce production lead times for U.S. customers [2][4] Company Strategy - The Dallas facility will serve as a central hub for Flex's growing customer base, integrating technical power pod fabrication and assembly with utility-grade capabilities [3][4] - Following the acquisition of Crown Technical Systems in October 2024, the facility will enable faster and more efficient distribution for North American customers [3] - Flex is leveraging its proven track record of scaling power pod production in EMEA for its U.S. expansion [3] Market Demand - The acceleration of AI adoption is increasing the need for reliable, efficient, and scalable power infrastructure [4] - Flex's new facility positions the company to deliver next-generation power infrastructure solutions that maximize computing performance while reducing deployment times [4] - The expansion reinforces the company's commitment to scaling production to meet the increasing domestic demand for power solutions [4]
Flex LNG - Ex Date Q4 2024
Prnewswire· 2025-02-19 06:18
Core Points - Flex LNG Ltd. will trade ex-dividend of USD 0.75 per share on February 19, 2025, for shares traded on the Oslo Stock Exchange [1] - For shares traded on the New York Stock Exchange, the ex-dividend date is February 20, 2025, with a payment date around March 5, 2025 [2] Company Overview - Flex LNG is a shipping company specializing in the Liquefied Natural Gas (LNG) market, operating a fleet of thirteen state-of-the-art LNG carriers [2] - The vessels utilize the latest generation two-stroke propulsion systems (MEGI and X-DF), which enhance fuel efficiency and reduce carbon footprint compared to older ship models [2]
FLEX or HOCPY: Which Is the Better Value Stock Right Now?
ZACKS· 2025-02-13 17:46
Core Viewpoint - Flex (FLEX) is currently positioned as a better value opportunity compared to Hoya Corp. (HOCPY) based on various valuation metrics and analyst outlooks [1]. Valuation Metrics - FLEX has a forward P/E ratio of 16.46, significantly lower than HOCPY's forward P/E of 34.11, indicating that FLEX may be undervalued [5]. - The PEG ratio for FLEX is 2.24, while HOCPY's PEG ratio is 2.41, suggesting that FLEX has a more favorable expected EPS growth rate relative to its valuation [5]. - FLEX's P/B ratio stands at 3.30, compared to HOCPY's P/B of 6.77, further supporting the notion that FLEX is a more attractive investment based on its market value relative to book value [6]. Analyst Outlook - FLEX holds a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while HOCPY has a Zacks Rank of 4 (Sell), reflecting a less favorable analyst outlook [3]. - The Value grade for FLEX is A, whereas HOCPY has a Value grade of F, highlighting the significant difference in perceived value between the two stocks [6].
Is Flex (FLEX) Outperforming Other Computer and Technology Stocks This Year?
ZACKS· 2025-02-10 15:40
Group 1 - Flex is currently outperforming its peers in the Computer and Technology sector with a year-to-date return of 12.4%, compared to the sector average of 1% [4] - The Zacks Rank for Flex is 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for full-year earnings increasing by 8.9% over the past quarter [3] - Flex belongs to the Electronics - Miscellaneous Products industry, which is ranked 134 in the Zacks Industry Rank, and has outperformed the average industry return of 3.6% this year [5] Group 2 - BWX Technologies, another stock in the Computer and Technology sector, has a year-to-date return of 2.7% and also holds a Zacks Rank of 2 (Buy) [4][5] - The Electronics - Miscellaneous Components industry, to which BWX Technologies belongs, is ranked 138 and has gained 1.1% this year [6] - Both Flex and BWX Technologies are highlighted as stocks to watch for continued solid performance in the Computer and Technology sector [6]
FLEX LNG: 11% Yield On LNG Shipping, Outperforming In 2025
Seeking Alpha· 2025-02-06 14:15
Group 1 - Liquefied Natural Gas (LNG) has gained significant importance as a fuel source globally, particularly after Russia's invasion of Ukraine in early 2022, leading Europe to shift its sourcing away from Russia [1] - The trend of increasing LNG usage is expected to continue as countries seek alternative energy sources to enhance energy security [1] Group 2 - The article highlights the role of investment groups like Hidden Dividend Stocks Plus, which focus on identifying income opportunities with dividend yields ranging from 5% to 10% or more [1] - The investment strategy includes maintaining a portfolio of up to 40 holdings, providing research articles, a dividend calendar, and trade alerts to investors [1]
Flex: Data Center Growth And Margin Expansion Continue To Impress
Seeking Alpha· 2025-02-06 07:33
I wrote about Flex Ltd. (NASDAQ: FLEX ) previously (July last year) with a buy rating as I expected earnings to see robust growth, which, coupled with a healthy pace of share buybacks, would lead to solid EPS growth. I continue toI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technica ...
Husqvarna and Flex announce strategic partnership
Prnewswire· 2025-02-04 21:03
Husqvarna to enhance supply chain flexibility and efficiency and speed time to market Flex expands portfolio into outdoor and power equipment Partnership strengthens Husqvarna and Flex's competitiveness in the U.S.CHARLOTTE, N.C. and AUSTIN, Texas, Feb. 4, 2025 /PRNewswire/ -- Today, Husqvarna (NASDAQ: HSQVY) and Flex (NASDAQ: FLEX) announced a strategic manufacturing partnership, which will enable Husqvarna to further enhance flexibility, efficiency, and time to market through Flex's strategic supply cha ...
Flex LNG - Fourth Quarter 2024 Presentation
Prnewswire· 2025-02-04 06:32
HAMILTON, Bermuda, Feb. 4, 2025 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s fourth 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:Fourth 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 ...
Flex LNG - Fourth Quarter 2024 Earnings Release
Prnewswire· 2025-02-04 06:19
HAMILTON, Bermuda, Feb. 4, 2025 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months and year ended December 31, 2024.Highlights: Vessel operating revenues of $90.9 million for the fourth quarter 2024, compared to $90.5 million for the third quarter 2024. The fourth quarter 2024 include $1.4 million in EU ETS revenue. An equivalent amount has been recorded under Voyage Expenses for the period. Net income of $45.2 million and basic e ...
Flex LNG - Key information relating to the cash distribution for the fourth quarter 2024
Prnewswire· 2025-02-04 06:18
HAMILTON, Bermuda, Feb. 4, 2025 /PRNewswire/ -- Key information relating to the cash distribution to be paid by Flex LNG Ltd. ("Company") for the fourth 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 ...