Astronics Soars 118% YTD: Should You Buy, Hold or Fold the Stock?
ZACKS· 2025-06-17 13:36
Core Insights - Astronics Corporation (ATRO) shares have increased by 118.4% year-to-date, significantly outperforming the Zacks Aerospace-Defense Equipment industry and the broader Zacks Aerospace sector, which gained 19.3% and the S&P 500's return of 1.2% in the same period [1][9]. Group 1: Performance and Market Trends - Other industry players like Leonardo DRS (DRS) and Curtiss-Wright Corp. (CW) have also shown strong performance, with shares rising 42.8% and 33.4% respectively year-to-date [2]. - The rise in global air travel and defense modernization is driving strong momentum in aerospace technology stocks, including Astronics, prompting potential investor interest [3]. Group 2: Financial Performance and Innovations - Astronics reported preliminary fourth-quarter and full-year 2024 revenues of $208-$210 million (up 7% at the midpoint) and $796 million, reflecting a 15.5% year-over-year increase [5]. - The company launched the SkyShow Server and received the 2025 PAX Award for its EmPower UltraLite G2 Power System, highlighting its innovation in in-flight entertainment and power solutions [6]. - In May, Astronics reported a first-quarter revenue increase of 11.3% year-over-year and a gross profit increase of 28.1%, with record bookings of $279.7 million and a backlog of $673 million as of March 2025 [7][9]. Group 3: Future Growth Prospects - The Zacks Consensus Estimate for ATRO's 2025 sales suggests a year-over-year growth of 6.4%, with 2026 sales expected to improve by 8.5% [13]. - The company is well-positioned to benefit from the growing demand for advanced cabin power systems and in-flight entertainment solutions, as indicated by a 13.3% year-over-year increase in its first-quarter 2025 Commercial Transport sales [11]. Group 4: Valuation and Market Position - ATRO's forward 12-month price-to-earnings (P/E) ratio is 21.10X, which is a discount compared to the industry average of 46.49X, suggesting a favorable valuation for investors [16]. - Competitors DRS and CW are trading at higher P/E ratios of 39.46X and 36.38X respectively, indicating that ATRO may offer better value [17]. Group 5: Investor Sentiment - The stock has a VGM Score of A and a Zacks Rank 1 (Strong Buy), indicating strong investor confidence and potential for continued performance [22].
Sono Group N.V. Accelerates Commercial Rollout of Solar Technology for Electric Trucks and Refrigerated Trailers
Globenewswire· 2025-06-17 13:34
Core Insights - Sono Group N.V. has demonstrated the scalability and commercial readiness of its solar solutions through recent installations on an electric truck and a refrigeration trailer [1][4] - The company is focused on integrating solar technology into various commercial vehicle platforms to reduce costs, emissions, and operational complexity [5][6] Group 1: Recent Installations - A low-voltage solar solution was successfully installed on a fully electric cargo box truck, marking a significant advancement in electrified logistics [2] - The refrigeration trailer installation features over 4.5 kWp of installed power, utilizing a 48V solar charge controller to directly power the refrigeration unit, thereby reducing energy dependency and supporting quieter operations [4] Group 2: Technology and Applications - Sono offers both low-voltage and high-voltage solar charge controllers, with the latter designed for battery electric trucks, buses, and vans, allowing for direct charging of traction batteries at levels between 400V to 800V [3][6] - The company's solar solutions are paired with a Solar Fleet Dashboard, providing insights into solar yield, fuel savings, and CO₂ reduction, which aids customers in making informed operational decisions [5] Group 3: Future Plans and Commitment - Sono Group is expanding its operational footprint and partner network, with additional installations planned across new vehicle categories and geographies [6] - The company is committed to accelerating the adoption of solar technology in commercial transport through scalable and intelligent solutions [7][8]
Engineering Services Market Trends, Opportunities and Strategies, 2019-2024, 2029F, 2034F: Market Remains Highly Fragmented, Led by AECOM and McDermott
GlobeNewswire News Room· 2025-06-17 13:34
Core Insights - The global engineering services market is projected to grow from nearly $1.1 trillion in 2024 to $1.55 trillion by 2034, with a compound annual growth rate (CAGR) of 3.41% from 2029 to 2034 [2][16]. Market Overview - The engineering services market reached a value of approximately $1.1 trillion in 2024, growing at a CAGR of 3.48% since 2019 [2]. - The market is expected to grow to $1.31 trillion by 2029, reflecting a growth rate of 3.53% [2]. Historical Growth Factors - Growth during the historic period (2019-2024) was driven by rising infrastructure development projects, increased adoption of artificial intelligence, demand for industrial robots, and rapid industrialization [3]. - Negative factors included quality control issues and safety concerns within engineering firms [3]. Future Growth Drivers - Future growth will be propelled by the expansion of the renewable energy sector, investments in smart cities, demand for IoT solutions in smart manufacturing, and sustainable engineering solutions [4]. - Potential hindrances include high liability risks and infrastructure funding gaps [4]. Regional Insights - North America was the largest region in the engineering services market in 2024, accounting for 33.23% or $366.89 billion [5]. - The fastest-growing regions are expected to be the Middle East and Africa, with CAGRs of 9.63% and 6.50% respectively [5]. Market Fragmentation - The engineering services market is highly fragmented, with the top 10 competitors holding only 3.56% of the total market share in 2023 [6]. - AECOM is the largest competitor with a market share of 0.67% [6]. Market Segmentation - By type, civil engineering services accounted for 50.69% or $559.61 billion of the market in 2024, while the other engineering services segment is expected to grow at a CAGR of 4.88% from 2024 to 2029 [7]. - By deployment mode, the offshore segment was the largest, accounting for 57.99% or $640.17 billion in 2024, and is projected to grow at a CAGR of 3.74% [8]. - By end-user, transportation infrastructure was the largest segment, accounting for 19.02% or $210.03 billion, with telecommunications expected to grow at a CAGR of 4.65% [9]. Opportunities - The civil engineering services segment is expected to gain $81.48 billion in global annual sales by 2029 [10]. - The offshore segment is projected to gain $129.08 billion in global annual sales by 2029 [10]. - The transportation infrastructure segment is expected to gain $44.75 billion in global annual sales by 2029, with the USA projected to gain the most at $26.64 billion [10]. Strategic Recommendations - Companies are advised to adopt generative AI to enhance engineering efficiency and build interoperable portfolios for better integration [12]. - Strategic partnerships and investments are recommended to drive innovation and market expansion [12].
HWKN's Shares Hit 52-Week High: What's Driving the Stock?
ZACKS· 2025-06-17 13:31
Key Takeaways HWKN reached a 52-week high of $140.58, with shares up 51.6% versus a 1.2% industry decline over a year. Earnings estimates for HWKN fiscal 2026 rose 2.6% in 60 days, implying 8.4% year-over-year growth. Hawkins' Water Treatment segment sales rose 21% in fiscal Q4, boosted by acquisitions.Shares of Hawkins, Inc. (HWKN) scaled a new 52-week high of $140.58 before retracing to close the session at $136.78. The company’s shares have gained 51.6% in a year against the industry’s decline of 1.2%. ...
Will Trump's Push to Quadruple US Nuclear Capacity Benefit OKLO Stock?
ZACKS· 2025-06-17 13:31
Key Takeaways OKLO stock surged 30.3% since May 23, outperforming both its sector and the broader market. Trump's nuclear expansion plan aligns with OKLO's strategy and may fast-track its Aurora reactor deployment. OKLO's 2025-2026 EPS estimates have declined over the past 60 days. U.S. President Donald Trump signed a handful of executive orders (late last month), which include bolstering the nation’s nuclear power generation capacity through increased deployment of new nuclear reactor technologies as wel ...
AudioEnhancer.ai Launches Free Online Tool for Studio-Quality Sound, Matching the Performance of Adobe Podcast Audio Enhancer
GlobeNewswire News Room· 2025-06-17 13:31
AudioEnhancer.ai Logo SAN FRANCISCO, June 17, 2025 (GLOBE NEWSWIRE) -- AudioEnhancer.ai, a new browser-based application, today announced the official launch of its free audio enhancer platform, designed to help users achieve studio-quality voice recordings with ease. Featuring advanced voice enhancement and noise removal capabilities, the tool offers a powerful, accessible alternative to Adobe Podcast Audio Enhancer without requiring any software installation or subscription fees. Just as Good as Adobe Wi ...
GoldHaven Resources to Acquire Strategic High-Grade Tungsten Claims within its Magno Project in Northwestern British Columbia
Globenewswire· 2025-06-17 13:30
VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. (“GoldHaven” or the “Company”) (CSE: GOH | OTCQB: GHVNF | FSE: 4QS) is pleased to announce that it has entered into an agreement to acquire the Kuhn, Dead Goat, and M3 claims (the “Claims”) located in northwestern British Columbia, within the Company’s flagship Magno Project. The claims total 1,100.6 acres and host a historic resource of 409,300 tonnes at 0.48% WO₃ (tungsten trioxide) and 0.134% MoS₂ (molybdenum disulfi ...
86% of Shoppers Ditch Name Brands for Private Label as Prices Climb, RDSolutions Survey Finds
Prnewswire· 2025-06-17 13:30
New data shows consumers increasingly switching stores, brands, and buying habits amid inflation and tariff concernsGLEN ALLEN, Va., June 17, 2025 /PRNewswire/ -- As grocery prices continue to rise, a new national survey by RDSolutions reveals that 86% of U.S. shoppers have switched to private label products for at least some of the items they regularly purchase—underscoring growing price sensitivity amid inflation and looming global tariffs.Conducted in May 2025 among 250 verified U.S. consumers, the surve ...
NU E Power Corp. Announces Amended and Restated Share Purchase Agreement
Newsfile· 2025-06-17 13:27
NU E Power Corp. Announces Amended and Restated Share Purchase AgreementJune 17, 2025 9:27 AM EDT | Source: Nu E Corp.Calgary, Alberta--(Newsfile Corp. - June 17, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") is pleased to announce that further to the press release dated April 14, 2025, Nu E has entered into an amended and restated share purchase agreement (the "Amended SPA") with the principal shareholder of Blu Dot Systems Inc. ("Blu Dot") and its concurrent ...
TEN, Ltd. Reports Profits for First Quarter 2025 and Declares First Semi-Annual Common Share Dividend of $0.60
Globenewswire· 2025-06-17 13:26
Q1 2025 EBITDA at $103 million and net income of $38 million - equivalent to $1.04 eps Dividends exceed $900 million since Company’s NYSE listing in 2002 TEN awarded by Brazil’s Transpetro/Petrobras to build nine DP2 Shuttle Tankers on long-term employment with revenues of minimum $2 billion Total fleet contracted revenue backlog reaches approx. $3.7 billion Robust 21-vessel eco growth program underwayDr Irene Tsakos & Athens 04 delivered in Q2 ATHENS, Greece, June 17, 2025 (GLOBE NEWSWIRE) -- TEN, Ltd (“T ...