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Here's Why Nextracker (NXT) Fell More Than Broader Market
ZACKS· 2025-06-20 22:46
Company Performance - Nextracker (NXT) closed at $57.62, reflecting a -2.17% change from the previous day, underperforming the S&P 500's 0.22% loss [1] - Over the past month, Nextracker's shares have increased by 5.08%, while the Oils-Energy sector gained 5.72% and the S&P 500 rose by 0.45% [1] Upcoming Earnings - Nextracker is expected to report an EPS of $1.03, representing a 10.75% increase from the same quarter last year [2] - The consensus estimate for revenue is $867.15 million, which is a 20.45% increase compared to the prior-year quarter [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $3.87 per share and revenue of $3.33 billion, indicating changes of -8.29% and +12.56% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Nextracker reflect short-term business trends, with positive revisions indicating a favorable outlook on business health and profitability [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 stocks delivering an average annual return of +25% since 1988 [6] - Nextracker currently holds a Zacks Rank of 3 (Hold), with a 0.31% rise in the Zacks Consensus EPS estimate over the past month [6] Valuation Metrics - Nextracker is trading with a Forward P/E ratio of 15.24, which is higher than the industry average of 14.93 [7] - The company has a PEG ratio of 1.28, compared to the average PEG ratio of 0.59 for the Solar industry [7] Industry Context - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 181, placing it in the bottom 27% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
B2Gold Announces Voting Results from its 2025 Annual General and Special Meeting
Globenewswire· 2025-06-20 22:45
VANCOUVER, British Columbia, June 20, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the “Meeting”) held on Thursday, June 19, 2025. A total of 864,407,409 common shares were voted at the Meeting, representing 65.42% of the votes attached to all outstanding common shares. Shareholders voted overwhelmingly in favour of all items of business before ...
Apple sued by shareholdrs, accues of lying about AI progress — causing iPhone sales, stock to slump
New York Post· 2025-06-20 22:36
Core Viewpoint - Apple is facing a proposed securities fraud class action lawsuit from shareholders who allege that the company downplayed the time required to integrate advanced AI into its Siri voice assistant, which negatively impacted iPhone sales and stock price [1][4]. Group 1: Lawsuit Details - The lawsuit claims that shareholders suffered potentially hundreds of billions of dollars in losses in the year ending June 9, when Apple introduced several product features but kept AI changes modest [1]. - Shareholders, led by Eric Tucker, assert that during the June 2024 Worldwide Developers Conference, Apple suggested that AI would significantly enhance the iPhone 16, but the company lacked a functional prototype of AI-based Siri features [4][5]. - The lawsuit names CEO Tim Cook, CFO Kevan Parekh, and former CFO Luca Maestri as defendants [2]. Group 2: Impact on Stock and Market Value - Since reaching a record high on December 26, 2024, Apple shares have lost nearly one-fourth of their value, resulting in an approximate loss of $900 billion in market value [6]. - The decline in stock value began to be evident on March 7 when Apple announced delays for some Siri upgrades until 2026, which continued to disappoint analysts during the recent Worldwide Developers Conference [5][6].
SoftBank pitches chip giant TSMC on building $1 trillion AI hub in US: report
New York Post· 2025-06-20 22:29
Core Insights - SoftBank CEO Masayoshi Son is proposing a $1 trillion complex in the US, specifically in Arizona, aimed at robotics and artificial intelligence, potentially modeled after a similar hub in Shenzhen, China [1][4] - The initiative aligns with President Trump's push for tech companies and automakers to enhance manufacturing opportunities in the US [2][11] - Son is seeking a partnership with Taiwan Semiconductor Manufacturing Company (TSMC) for a $165 billion investment in the US, with TSMC having already opened its first factory in Arizona [3][9] Project Details - The project, codenamed "Project Crystal Land," aims to advance AI and establish a lasting legacy for Son, who has faced criticism for past project failures [4] - The complex would require support from the Trump administration and discussions are ongoing regarding potential tax breaks for companies involved [5] Investment and Financing - SoftBank has invested significantly in OpenAI, leading a $40 billion funding round, as both companies aim to raise substantial capital for large data centers essential for AI [7] - The fundraising efforts for the Arizona complex may be slower than expected, with a list of potential participants being compiled, including automation firms like Agile Robots SE [8] - SoftBank is also exploring project financing options for its $500 billion Stargate initiative, which could facilitate funding on a project-by-project basis, similar to what may be applied for Project Crystal Land [10]
AKOYA BIOSCIENCES INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Akoya Biosciences, Inc. - AKYA
Prnewswire· 2025-06-20 22:18
NEW ORLEANS, June 20, 2025 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Akoya Biosciences, Inc. (NasdaqGS: AKYA) to Quanterix Corporation (NasdaqGM: QTRX). Under the terms of the proposed transaction, shareholders of Akoya will receive 0.318 shares of Quanterix for each share of Akoya that they own. KSF is seeking to determine whether this consideration and the process that led to it ...
Why Centrus Energy Stock Leaped 5% Higher Today
The Motley Fool· 2025-06-20 22:17
Centrus Energy (LEU 5.27%) attracted the right kind of energy on the stock exchange Friday. The company's shares closed that session 5% higher, after it published news of an important contract renewal. That pop looked particularly impressive when matched against the S&P 500's (^GSPC -0.22%) trajectory, which dipped into the red with a 0.2% decline.An energetic extensionBefore market open that morning, Centrus divulged that the U.S. Department of Energy (DoE) exercised its option to extend the company's cont ...
Meta CTO Bosworth says OpenAI countered lucrative job offers to AI startup's employees
CNBC· 2025-06-20 22:16
Core Insights - Meta Platforms Inc. has launched its first pair of augmented reality glasses, marking a significant step towards providing a hands-free alternative to smartphones, as envisioned by CEO Mark Zuckerberg [1] Group 1: Talent Acquisition and Competition - OpenAI CEO Sam Altman revealed that Meta has offered $100 million signing bonuses to attract OpenAI employees, but top talent has chosen to remain with OpenAI [2] - Meta's CTO Andrew Bosworth noted that the current market is experiencing unprecedented talent competition in the technology sector, reflecting a significant shift in hiring dynamics [3] - The AI hiring competition intensified when Alexandr Wang, co-founder of Scale AI, announced his decision to join Meta, which will invest over $14 billion for a 49% stake in Scale AI [4] Group 2: Strategic Investments and Acquisitions - Meta attempted to acquire Safe Superintelligence, a startup founded by former OpenAI co-founder Ilya Sutskever, but instead opted to hire its CEO Daniel Gross and former GitHub CEO Nat Friedman [5] - Meta also explored a potential acquisition of Perplexity AI, although the deal did not materialize [5] Group 3: Vision for AI Development - Bosworth expressed a strong belief in the future of superintelligent AI assisting humans in various tasks, emphasizing the importance of building a capable team to pursue this vision [6] - In the first quarter, Meta's capital expenditures and principal payments on finance leases reached nearly $14 billion, indicating a significant investment in technology and personnel [6][7]
Why Applied Optoelectronics Stock Skyrocketed Today
The Motley Fool· 2025-06-20 22:14
Applied Optoelectronics (AAOI 18.77%) stock soared higher again in Friday's trading. The tech specialist's share price rose 18.6% in the daily session despite a 0.2% decline for the S&P 500 (^GSPC -0.22%) and a 0.5% fall for the Nasdaq Composite (^IXIC -0.51%).Applied Optoelectronics' valuation surged today thanks to news that one of the company's subsidiaries had reworked previously existing debt agreements. The stock climbed roughly 39% over the last week of trading. Applied Optoelectronics stock soars o ...
DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Aflac Incorporated Customers Whose Data May Have Been Compromised
GlobeNewswire News Room· 2025-06-20 22:13
Core Insights - Aflac Incorporated is currently facing a data privacy investigation due to a cyber breach that occurred around June 12, 2025, where personal information may have been compromised [1][3][5] Company Overview - Aflac is a Fortune 500 company known for specialized insurance products that cover expenses not typically addressed by health insurance. The company was originally established as the American Family Life Assurance Company of Columbus and officially shortened its name to Aflac in 1989 [2] Incident Details - On or around June 12, 2025, Aflac discovered suspicious activity on its network, leading to an investigation that revealed a breach caused by cybercriminals who potentially accessed personal information [3] Compromised Information - The personal information that may have been stolen includes names, health information, Social Security numbers, and other information related to customers, beneficiaries, employees, agents, and other individuals [4][8] Legal Actions - Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised due to the Aflac data breach [5]
Eric Sprott Announces Holdings in Discovery Silver Corp.
Newsfile· 2025-06-20 22:08
Summary of Key Points Core Viewpoint - Eric Sprott's corporation, 2176423 Ontario Ltd., sold 19,200,200 common shares of Discovery Silver Corp., representing approximately 2.4% of the outstanding shares, at an average price of $3.26 per share for a total of $62,656,013 [1]. Company Holdings - Prior to the sale, Mr. Sprott owned 121,843,998 shares, which was about 15.2% of the outstanding shares. After the sale, his holdings decreased to 102,643,798 shares, representing approximately 12.8% of the outstanding shares [2]. - The sale resulted in a decrease in holdings of approximately 2.5% on a partially diluted basis since the last early warning report [2]. Investment Intentions - The securities are held for investment purposes, and Mr. Sprott maintains a long-term view on the investment. He may acquire additional securities or sell existing ones depending on market conditions and other relevant factors [3].