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Granite Wins $66M Highway Project to Ease Traffic in California
ZACKS· 2026-01-15 15:01
Core Insights - Granite Construction Incorporated (GVA) has secured a $66 million highway improvement contract from the California Department of Transportation for a project in Nevada County, CA, with funding from federal and state sources [1][8] - The project involves expanding State Route 49 to four lanes with a center turn lane, aimed at improving road safety and traffic movement, while also enhancing access for local communities [2][8] - Granite's Committed and Awarded Projects (CAP) reached a record $6.3 billion as of September 30, 2025, up from $5.6 billion in the previous year, indicating strong growth potential for the company [6][10] Project Details - The highway expansion project will include the supply of approximately 75,000 tons of Hot Mix Asphalt (HMA) and Rubberized Hot Mix Asphalt (RHMA) from the Bradshaw Hot Plant, ensuring steady material supply and construction quality [3][8] - The project is strategically located near Sacramento, within Granite's core operating market, and reflects the company's ongoing relationship with Caltrans District 03 [2][4] Business Strategy - Granite is focusing on a vertically integrated model with an emphasis on its Materials business, which supports cost control and reliable supply for large transportation projects [5][10] - The company is committed to disciplined project selection and consistent execution practices, which contribute to margin stability and growth across its core operating regions [4][10] Market Performance - GVA's shares have increased by 15.1% over the past three months, outperforming the Zacks Building Products - Heavy Construction industry's growth of 5.1% [10] - The bidding pipeline remains robust in both public and private markets, providing opportunities for Granite to expand its CAP and support organic growth [10]
Granite Expands Highway Infrastructure to Improve Safety and Reduce Congestion in Nevada County, California
Businesswire· 2026-01-14 21:30
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced it has been selected for a contract valued at approximately $66 million by the California Department of Transportation (Caltrans) for a highway improvement project in Nevada County, California. Project funding is to come from Federal and State sources, and will be included in Granite's 2025 fourth quarter CAP. The project will expand State Route 49 to four lanes with a center turn lane, improving safety, traffic flow, and local. ...
美股异动丨三合智能涨59.38%,为涨幅最大的中概股
Ge Long Hui A P P· 2025-12-24 00:33
| 代码 | 名称 | 最新价 | 涨跌幅 √ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | STEC | 三合智能 | 1.5300 | 59.38% | +0.5700 | 3107.75万 | | HIHO | 骇维金属加工 | 1.2500 | 50.60% | +0.4200 | 2.61亿 | | POM | 石榴云医 | 0.3499 | 30.95% | +0.0827 | 323.61万 | | NAMI | 进馨科技 | 0.8098 | 22.53% | +0.1489 | 11.2万 | | XHG | XChange TEC | 1.1200 | 22.10% | +0.2027 | 10.31万 | 格隆汇12月24日|中概股收盘涨幅居前的个股为:三合智能涨59.38%,骇维金属加工涨50.6%,石榴云 医涨30.95%,进馨科技涨22.53%,XChange TEC涨22.1%。(格隆汇) ...
Highway Holdings Shares Surge 67% On Planned Acquisition Of German Precision Manufacturer
RTTNews· 2025-12-23 19:04
Core Viewpoint - Highway Holdings Limited (HIHO) stock experienced a significant increase of 67.00 percent, rising by $0.56 to reach $1.39 following the announcement of a letter of intent to acquire a controlling stake in German-based Regent-Feinbau Adermann GmbH [1] Group 1 - The stock price rose from a previous close of $0.83 to $1.39 on the New York Stock Exchange [1] - Shares opened at $1.34 and fluctuated within a day's range of $1.23 to $2.21 [1] - Trading volume surged to approximately 142.66 million shares, significantly higher than the average volume of around 15,300 shares [1] Group 2 - Over the past 52 weeks, Highway Holdings has traded between $0.77 and $2.21 [2]
US Stocks Mixed; GDP Growth Tops Expectations - Starfighters Space (AMEX:FJET), Highway Holdings (NASDAQ:HIHO)
Benzinga· 2025-12-23 15:01
Market Performance - U.S. stocks showed mixed performance with the Nasdaq Composite gaining approximately 0.2% on Tuesday [1] - The Dow Jones Industrial Average decreased by 0.01% to 48,357.98, while the S&P 500 rose by 0.15% to 6,888.53 [1] Sector Performance - Communication services sector increased by 0.9% on Tuesday [1] - Consumer staples sector experienced a decline of 0.4% [1] Economic Indicators - U.S. GDP grew at an annualized rate of 4.3% in the third quarter, marking the highest growth in two years and surpassing market expectations of 3.3% [2][10] - U.S. durable goods orders fell by 2.2% month-over-month to $307.4 billion in October, following a revised growth of 0.7% in September [11] Commodity Prices - Oil prices decreased by 0.3% to $57.81, while gold prices increased by 0.3% to $4,480.60 [5] - Silver rose by 1.3% to $69.485, and copper increased by 0.5% to $5.5365 [5] Global Market Overview - European shares were mixed, with the eurozone's STOXX 600 gaining 0.4% and Spain's IBEX 35 Index falling by 0.1% [6] - Asian markets closed mixed, with Japan's Nikkei 225 up by 0.02% and Hong Kong's Hang Seng down by 0.11% [7] Stock Movements - PicoCELA Inc. shares surged by 144% to $0.3045 [9] - Highway Holdings Ltd shares increased by 78% to $1.48 following a nonbinding letter of intent for acquisition [9] - Reviva Pharmaceuticals Holdings Inc shares dropped by 51% to $0.29 after a regulatory update [9]
US Stocks Mixed; GDP Growth Tops Expectations
Benzinga· 2025-12-23 15:01
Market Performance - U.S. stocks showed mixed trading, with the Nasdaq Composite gaining approximately 0.2% on Tuesday [1] - The Dow decreased by 0.01% to 48,357.98, while the S&P 500 rose by 0.15% to 6,888.53 [1] Sector Performance - Communication services sector increased by 0.9% on Tuesday [1] - Consumer staples stocks fell by 0.4% [1] Economic Indicators - U.S. GDP grew an annualized 4.3% in the third quarter, the highest growth in two years, up from 3.8% in the previous quarter, and surpassing market expectations of 3.3% [2][10] - U.S. durable goods orders declined by 2.2% month-over-month to $307.4 billion in October, following a revised growth of 0.7% in September [11] Commodity Prices - Oil prices decreased by 0.3% to $57.81, while gold prices increased by 0.3% to $4,480.60 [5] - Silver rose by 1.3% to $69.485, and copper increased by 0.5% to $5.5365 [5] Global Market Overview - European shares were mixed, with the eurozone's STOXX 600 gaining 0.4% and Spain's IBEX 35 Index falling by 0.1% [6] - Asian markets closed mixed, with Japan's Nikkei 225 gaining 0.02% and Hong Kong's Hang Seng falling by 0.11% [7] Company Stock Movements - PicoCELA Inc. shares surged 144% to $0.3045 [9] - Highway Holdings Ltd shares increased by 78% to $1.48 after a nonbinding letter of intent for acquisition [9] - Trinity Biotech PLC shares rose by 62% to $1.45 following an order for HIV tests [9] - Reviva Pharmaceuticals Holdings Inc shares dropped 51% to $0.29 after a regulatory update [9] - Starfighters Space Inc shares fell 41% to $18.42 after a significant rally [9] - Haoxin Holdings Ltd shares decreased by 42% to $0.75 after a prior surge [9]
Highway Holdings Plans to Acquire 51% of Regent-Feinbau Adermann GmbH
Prnewswire· 2025-12-23 12:00
HONG KONG, Dec. 23, 2025 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, the "Company" or "Highway Holdings") today announced it has signed a letter of intent ("LOI") with LeMALe Beteiligungs-GmbH ("LeMaLe" or "Seller") to acquire 51% of German-based Regent-Feinbau Adermann GmbH ("Regent-Feinbau") primarily for cash and a smaller amount of the Company's unregistered shares. The proposed acquisition, which targets a close by the end of March 2026, remains subject to the completion of due diligence, ...
HIGHWAY HOLDINGS REPORTS SECOND QUARTER FISCAL YEAR 2026 RESULTS
Prnewswire· 2025-12-15 12:00
Financial Performance - Net sales for the second quarter of fiscal year 2026 were $1.18 million, a decrease from $2.11 million in the same quarter of fiscal year 2025, representing a decline of approximately 44% [2][9] - The net loss for the second quarter of fiscal year 2026 was $373,000, or $0.08 per diluted share, compared to a net income of $231,000, or $0.05 per diluted share in the second quarter of fiscal year 2025 [2][9] - Gross profit for the second quarter of fiscal year 2026 was $301,000, down from $834,000 in the prior year, with gross profit as a percentage of sales decreasing to 25.5% from 39.4% [2][9] Operational Challenges - The company faced adverse pressure on its long-term OEM business due to a reorganization of a customer's production plant, which shifted a significant portion of its motor OEM business to the customer's own manufacturing in Czechia [3] - Despite the reduction in revenue from one OEM customer, another OEM customer has approved mass production of its motor product, which is expected to compensate for the loss over time [3] - The company is also experiencing a workforce reduction in its Myanmar plant due to the shift in motor manufacturing to China [3] Strategic Initiatives - The company is exploring mergers and acquisitions to ease its dependency on existing customers, having identified a suitable target for negotiation that is expected to create synergies [3] - There is an ongoing effort to enter the Chinese market, focusing on manufacturing for local demand and exploring new revenue streams related to services for the elderly population [3] - These new initiatives are aimed at reinvigorating revenue and profit growth while building a more stable business model [3] Balance Sheet Strength - The company's balance sheet remains strong, with total assets of $8.37 million and cash and cash equivalents exceeding $5.6 million, equating to approximately $1.21 per diluted share [6] - Total shareholders' equity at September 30, 2025, was $6.0 million, or $1.30 per diluted share, indicating a solid financial position despite recent operational challenges [6]
Indra Successfully Completes the First V2X Tolling Implementation on North Carolina's I-485, Paving the Way for the Nation's First Full Highway Deployment
Globenewswire· 2025-12-03 13:32
Indra Sets a New U.S. Benchmark as the First to Deliver Operational V2X Tolling on a Live HighwayEnd-to-End Testing Completed on I-485, Confirming V2X Tolling and Safety Functions Are Deployment-ReadyNorth Carolina Turnpike Authority (NCTA) Praises Performance, Signals Intent for Full-corridor RolloutIndra Strengthens Industry Leadership by Joining 5GAA and OmniAir to Accelerate Connected Mobility Standards CHARLOTTE, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Building on the successful track record of the Audi–Qual ...
Rivian to recall over 24,000 US vehicles over highway assist software issue, NHTSA says
Reuters· 2025-09-12 07:23
Group 1 - Rivian is recalling over 24,000 of its 2025 model year R1S and R1T electric vehicles [1] - The recall is due to a software defect in the Hands-Free Highway Assist system [1] - The defect may cause the system to misidentify lead vehicles [1]