Itron Launches Smart Water Metering Project With Fiji Water Utility
ZACKS· 2025-08-21 15:51
Core Insights - Itron, Inc. has partnered with Pacific Technologies and the Water Authority of Fiji to launch the first smart water metering project in Fiji, expected to be completed by Q3 2025, marking a significant modernization of Fiji's water infrastructure [1][11] - The initiative aligns with WAF's Water Sector Strategy 2050, which aims to address challenges such as aging infrastructure and reducing non-revenue water, currently at 47% of production [3][11] Company Developments - Itron's solution allows WAF to upgrade its network at its own pace, withstand coastal conditions, and progress in digital transformation, contributing to a sustainable water future for Fiji [2] - The deployment involves upgrading existing meters to Itron's durable mechanical meters with Cyble communication modules, enabling quick and cost-effective conversion to smart devices [4] - Data from these meters will be managed using Itron's Temetra platform, facilitating seamless data collection and eliminating manual readings [4][5] Technology and Efficiency - The integration of Cyble modules with the Temetra platform provides WAF with advanced analytics to identify water losses and improve network efficiency [5] - Itron's technology is designed to resist corrosion and extreme conditions, minimizing maintenance costs for WAF [6] Financial Performance - Itron reported non-GAAP EPS of $1.62 for Q2 2025, exceeding estimates, with revenues of $607 million, nearly flat year-over-year [8] - For Q3 2025, Itron anticipates revenues between $570 million and $585 million, reflecting a 6% year-over-year decline at the midpoint, with non-GAAP EPS expected to fall by about 18% [9] Market Position - Itron is well-positioned to benefit from increasing utility modernization efforts, leading to higher demand for its grid edge intelligence platform and a robust portfolio of intelligent devices, software, and analytics [7] - The company's stock has gained 24.5% over the past year, outperforming the Zacks Electronics - Testing Equipment industry, which declined by 2.5% [10]
NextEra is Trading Above 50 & 200 Day SMA: Is it Time to Add the Stock?
ZACKS· 2025-08-21 15:51
Key Takeaways NextEra Energy trades above its 50-day and 200-day SMAs, signaling a bullish trend.NEE expects EPS growth of 6-8% annually through 2027, supported by clean energy investments.NEE plans 10% annual dividend hikes through 2026, with current yield above the S&P 500.NextEra Energy (NEE) is trading above its 50-day and 200-day simple moving average (SMA), signaling a bullish trend. NEE’s shares have gained steadily over the past twelve months after the earnings beat in the trailing four quarters.The ...
Onfolio Q2 Revenues Soar 83% but Losses Persist, Shares Drop
ZACKS· 2025-08-21 15:46
Shares of Onfolio Holdings, Inc. (ONFO) have declined 1.8% since the company reported its earnings for the second quarter of 2025. This compares to the S&P 500 index’s 0.2% decrease over the same period. Over the past month, the stock has retreated 22.9%, sharply underperforming the S&P 500’s 1.8% gain. The recent sell-off underscores investor caution despite notable operational improvements, suggesting heightened scrutiny of the company’s path to profitability.On the financial front, Onfolio delivered stro ...
ClearOne Stock Falls on Wider Q2 Loss, Revenue Decline and Sale Plan
ZACKS· 2025-08-21 15:46
Core Viewpoint - ClearOne, Inc. is facing significant operational and financial challenges, highlighted by declining revenues, widening losses, and liquidity issues, leading to investor concerns about the company's future viability [11] Financial Performance - In Q2 2025, ClearOne reported revenues of $1.9 million, a 17% decrease from $2.3 million in the same quarter last year [2] - The net loss for the quarter was $4.6 million, compared to a loss of $2.8 million in the prior-year period, with a loss per share of $2.64 versus $1.76 a year ago [2] - For the first half of 2025, revenues fell 29% year over year to $4.2 million, while the net loss increased to $7.4 million from $4.7 million in the previous year [2] Business Metrics - ClearOne's gross margin deteriorated from a loss margin of 0.9% in Q2 2024 to 12.1% in Q2 2025, attributed to faster revenue decline than cost reductions and unabsorbed overhead expenses [3] - Operating expenses surged 49% year over year to $4.3 million, driven by increases in research and development (up 57%) and general and administrative costs (up 88%) [3] Revenue Breakdown - Revenue by product category showed declines: audio conferencing products down 31%, microphones down 7%, and video products down 10% year over year [4] - Regionally, revenues in the Asia Pacific fell 73%, while the Americas grew 10%, and Europe/Africa rose 40%, indicating volatility in international sales [4] Management Insights - Management cited product shortages and cash constraints as significant factors hampering performance, with supply-chain disruptions affecting product availability [5] - The lack of Microsoft Teams certification for conferencing products limits competitiveness, and rising tariffs on electronic components have increased costs [6] Strategic Actions - Management expressed doubts about the company's ability to continue as a going concern without a strategic transaction or additional financing, actively pursuing an "Asset Sale" of its assets and operations [7] - ClearOne executed a 1-for-15 reverse stock split to comply with Nasdaq's minimum bid price requirement and raised $3 million through a convertible note purchase agreement [8][9] - A workforce reduction was announced, incurring $1.9 million in severance costs, and a special dividend in the form of Class A Redeemable Preferred Stock was issued [10]
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share
Globenewswire· 2025-08-21 15:46
RYE, N.Y., Aug. 21, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on September 23, 2025 to common stock shareholders of record on September 16, 2025. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requir ...
Kaldalón hf.: Interim Financial Statements for the First Six Months of 2025
Globenewswire· 2025-08-21 15:45
The interim consolidated financial statements of Kaldalón hf. for the first half of 2025 were approved by the Company’s Board of Directors on 21 August 2025. Substantial Revenue Growth Driven by Prior-Year Investments Rental income increased by 24% year-on-year.Operating profit margin (NOI ratio) stood at 78% for the period and remains high.Investments amounted to ISK 3.5 billion during the period.Profit before income tax amounted to ISK 1,753 million.Return on equity was 11.3% on an annualized basis.The Co ...
Reykjavík Energy | Green Bond Auction August 28th
Globenewswire· 2025-08-21 15:45
Core Viewpoint - Reykjavík Energy is conducting a bond auction on August 28, 2025, offering three classes of green bonds with varying interest rates and maturity dates [1][2][3]. Group 1: Bond Offerings - The bond class OR031033 GB has a fixed nominal interest rate of 8.30%, with equal semi-annual payments and a maturity date of October 3, 2033. Previously issued bonds in this class totaled ISK 9,650 million [1]. - The bond class OR280845 GB features a fixed interest rate of 3.70%, with equal semi-annual payments and a maturity date of August 28, 2045. This bond is redeemable in 2037, with previous issuances amounting to ISK 8,600 million [2]. - The bond class OR180255 GB carries a fixed indexed interest rate of 2.60%, with equal semi-annual payments and a maturity date of February 18, 2055. Prior issuances in this class reached ISK 38,921 million [3]. Group 2: Auction Details - Bids for the bonds must be submitted via email before UTC 17:00 on August 28, 2025, with transactions set to be settled on September 4, 2025 [4]. - Fossar Investment Bank hf. is responsible for overseeing the issuance, sale, and admission of the bonds to trading on the Nasdaq sustainable bonds market in Iceland [3].
Meta freezes AI hiring amid talent surge, division restructuring
Proactiveinvestors NA· 2025-08-21 15:43
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
4 Value Stocks Every Investor Should Hold in Volatile Times
ZACKS· 2025-08-21 15:41
Key Takeaways Market weakness in tech has shifted focus toward value stocks with strong financial health.CVS, Integer Holdings, StoneCo and USANA all trade at attractive Price-to-Cash-Flow ratios.These four stocks show growth in sales and earnings despite mixed performance in share prices.The market struggled on Wednesday as technology and semiconductor stocks faced broad selling, reflecting investor concerns about lofty valuations and the sustainability of the AI-driven rally. Sentiment was further tempere ...
Nextracker Stock Rockets as AI and Solar Tailwinds Align
MarketBeat· 2025-08-21 15:37
Nextracker TodayNXTNextracker$64.60 -1.53 (-2.31%) 52-Week Range$30.93▼$70.14P/E Ratio17.60Price Target$65.00Add to WatchlistWhile regulatory challenges present headwinds for some solar stocks, Nextracker NASDAQ: NXT only has tailwinds. Its sun-tracking arrays and cost-saving advancements maximize solar panel output and are essential to the solar industry. Not only is this reflected in the results, but the company is also focusing on AI, a move that can only improve its operations. AI will likely improve i ...