DDD Investors Have Opportunity to Lead 3D Systems Corporation Securities Fraud Lawsuit
Prnewswire· 2025-06-16 22:25
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of 3D Systems Corporation securities between August 13, 2024, and May 12, 2025, due to alleged misleading statements made by the company [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that 3D Systems made false and misleading statements regarding the impact of weakened customer spending and overstated its resilience in challenging industry conditions [5]. - The lawsuit also alleges that updated milestone criteria in a partnership with United Therapeutics Corporation would negatively affect 3D Systems' Regenerative Medicine Program revenue [5]. - Investors are encouraged to join the class action, with no out-of-pocket fees or costs through a contingency fee arrangement [2][3]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must move the Court by August 12, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].
Global Partners (GLP), a Top Stock to Buy Amid the Spike in Oil Prices
ZACKS· 2025-06-16 22:16
Core Viewpoint - Global Partners (GLP) is positioned as an attractive investment opportunity amid rising crude oil prices due to geopolitical tensions and supply disruptions [1][2]. Group 1: Market Context - Escalating tensions in the Middle East, particularly between Israel and Iran, have raised concerns about oil supply disruptions, as Iran is a significant oil producer [2]. - Wildfires in Canada have led to a reduction of approximately 350,000 barrels of oil production per day [2]. - OPEC has been unable to reach an agreement to increase global oil output, contributing to the current market dynamics [2]. - WTI crude prices have increased by 15% over the last month, surpassing $70 per barrel, despite a slight dip of over 1% on Monday [2]. Group 2: Company Performance - Global Partners operates a vast network of liquid energy terminals from Maine to Florida, facilitating the storage and distribution of various petroleum products [4]. - The company has achieved a total return of +23% in 2025, outperforming the broader market and its peers in the oil refining and marketing sector [5]. - GLP's total sales are projected to increase by 37% in fiscal 2025, reaching $23.55 billion, up from $17.16 billion the previous year [10]. - Annual earnings per share (EPS) are expected to rise by 18% this year and an additional 6% in FY26, reaching $3.03 per share [11]. Group 3: Dividend and Distribution - Global Partners, as a Master Limited Partnership (MLP), benefits from a tax structure that allows it to pass income directly to shareholders, making it appealing to income investors [8]. - The company currently has a payout ratio of 94%, with an annual distribution yield of 5.8% [9]. - GLP has increased its dividend 17 times in the last five years, resulting in an annual growth rate of nearly 11% during this period [9][10]. Group 4: Investment Outlook - The stock is currently rated as a Zacks Rank 1 (Strong Buy), indicating strong investor interest [12]. - The reasonable forward earnings multiple of 19.5X suggests potential for further price appreciation as crude prices rise [12].
RF Industries, Ltd. (RFIL) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2025-06-16 22:16
Group 1 - RF Industries, Ltd. (RFIL) reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, and showing an increase from $0.01 per share a year ago, representing an earnings surprise of 75% [1] - The company posted revenues of $18.91 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 9.69%, compared to $16.11 million in the same quarter last year [2] - RF Industries has outperformed the S&P 500, with shares increasing about 5.4% since the beginning of the year, while the S&P 500 gained 1.6% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $17.68 million, and for the current fiscal year, it is $0.23 on revenues of $73.86 million [7] - The Zacks Industry Rank for Semiconductors - Radio Frequency is in the top 39% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]
2 Unstoppable Dow Dividend Stocks to Buy and Hold Forever
The Motley Fool· 2025-06-16 22:15
The iconic Dow Jones is the worst-performing of the three major U.S. indexes this year; it is slightly in the red as of this writing. However, some Dow stocks have performed well, especially considering the significant volatility broader equities have experienced.Microsoft (MSFT 0.88%) and Coca-Cola (KO -0.77%) are among those corporations on the Dow Jones that are breaking ranks (so to speak) with their Dow peers. It wouldn't be wise to invest in these companies just because of their performance since the ...
ROSEN, NATIONAL TRIAL LAWYERS, Encourages Rocket Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – RCKT
GlobeNewswire News Room· 2025-06-16 22:15
Core Viewpoint - A class action lawsuit has been filed against Rocket Pharmaceuticals, Inc. for allegedly providing misleading information regarding the safety and clinical trial protocol of its product RP-A501, leading to inflated stock prices and subsequent investor losses [1][5]. Group 1: Lawsuit Details - The class action lawsuit pertains to securities purchased between February 27, 2025, and May 26, 2025 [1]. - The lawsuit claims that Rocket Pharmaceuticals made positive statements while concealing serious adverse events, including participant deaths, related to RP-A501 [5]. - The company allegedly amended the trial protocol without informing shareholders, which contributed to the misleading nature of the information provided [5]. Group 2: Investor Information - Investors who purchased Rocket Pharmaceuticals securities during the class period may be entitled to compensation without upfront costs through a contingency fee arrangement [2]. - Interested investors can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed by August 11, 2025, to represent the class in the lawsuit [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].
High Tide Inc. (HITI) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2025-06-16 22:11
Company Performance - High Tide Inc. reported a quarterly loss of $0.03 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.02, marking an earnings surprise of -50% [1] - The company posted revenues of $96.94 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 0.22% and showing an increase from year-ago revenues of $91.6 million [2] - Over the last four quarters, High Tide has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [2] Stock Performance - High Tide shares have declined approximately 26.2% since the beginning of the year, contrasting with the S&P 500's gain of 1.6% [3] - The current Zacks Rank for High Tide is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $102.27 million, and for the current fiscal year, it is -$0.07 on revenues of $404.52 million [7] - The estimate revisions trend for High Tide is mixed, and changes in estimates for the coming quarters and current fiscal year are anticipated following the recent earnings report [6][7] Industry Context - High Tide operates within the Zacks Medical - Products industry, which is currently ranked in the bottom 37% of over 250 Zacks industries [8] - The performance of stocks in this industry can be significantly influenced by the overall industry outlook, with research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]
Prediction: 1 AI Stock That Will Be Worth More Than CoreWeave 2 Years From Now
The Motley Fool· 2025-06-16 22:00
CoreWeave Overview - CoreWeave's stock has tripled since its IPO in March, driven by explosive growth rates in AI processing [1] - The company transitioned from crypto mining to AI tasks in 2018, significantly expanding its data center footprint from 3 to 33 locations [2] - CoreWeave has deployed over 250,000 Nvidia GPUs, claiming to process AI tasks 35 times faster and 80% cheaper than larger platforms [4] Financial Performance - Revenue surged from $16 million in 2022 to $1.9 billion in 2024, with expectations to exceed $5 billion in 2025 and reach $11.7 billion by 2026 [4] - Despite rapid growth, CoreWeave remains unprofitable and carries significant debt, trading at 14 times this year's sales [5] Snowflake Overview - Snowflake provides a cloud-based data warehouse that centralizes data across various platforms, addressing issues of data silos [6] - It operates independently on top of major cloud services like AWS and Azure, offering flexible consumption-based pricing [8] Growth Metrics - Snowflake's product revenue has more than doubled annually in fiscal years 2021 and 2022, with a 70% increase in fiscal 2023 and a 30% increase expected in fiscal 2025 [10][12] - The customer base grew from 4,139 in fiscal 2021 to 11,159 in fiscal 2025, although the net revenue retention rate declined from 168% to 126% [11] Future Projections - Analysts expect Snowflake's revenue to grow at a compound annual growth rate (CAGR) of 24% from fiscal 2025 to 2028, with a potential market cap increase from $70 billion to $128 billion by fiscal 2029 [12][13] - CoreWeave's revenue is projected to grow at a CAGR of 106% from 2024 to 2027, with a potential market cap increase from $72 billion to $301 billion if it meets expectations [14] Competitive Landscape - While CoreWeave is experiencing rapid growth, it faces competition from larger cloud providers, which may hinder its ability to meet high growth expectations [14][15] - Snowflake, with a more established business model, may outperform CoreWeave if the latter fails to sustain its explosive growth trajectory [15]
Ballard announces leadership transition
Prnewswire· 2025-06-16 22:00
Leadership Transition - Ballard Power Systems announced a leadership transition with Randy MacEwen stepping down as President and CEO after over a decade, effective July 7, 2025, with Marty Neese taking over the role [1][2] - The Board of Directors appointed Marty Neese, who has extensive operational experience and has served on Ballard's Board for the past 10 years, as the new President and CEO [2][3] Industry Context - The fuel cell industry is undergoing a period of rationalization and competitive realignment, necessitating a leader with a strong operational background to guide the company [3] - The company aims to adapt to changing industry dynamics, focusing on product cost reduction and operational efficiency [2][3] Company Vision and Strategy - Ballard Power Systems aims to deliver fuel cell power for a sustainable planet, focusing on zero-emission PEM fuel cells for various mobility applications [4] - Marty Neese emphasized the importance of optimizing operations, accelerating innovation, and unlocking long-term value for stakeholders as part of the company's strategy moving forward [3]
Trip.com Group Announces Updates on Its Investments in MakeMyTrip
Prnewswire· 2025-06-16 21:54
Group 1 - Trip.com Group Limited has entered into a share repurchase agreement with MakeMyTrip Limited to sell a portion of its Class B ordinary shares for cancellation, aiming to optimize its investment portfolio and enhance shareholder returns [1] - After the proposed repurchase, Trip.com Group will remain the largest minority shareholder of MakeMyTrip and continue to support its growth [1] - To fund the repurchase, MakeMyTrip has launched an offering of convertible senior notes and a concurrent underwritten public offering of ordinary shares, with Trip.com Group agreeing to a 180-day lock-up period [1] Group 2 - Trip.com Group Limited is a leading global one-stop travel platform, offering a comprehensive suite of travel products and services [2] - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner, and aims to provide travelers with cost-effective booking options and support [2] - Founded in 1999, Trip.com Group was listed on Nasdaq in 2003 and on HKEX in 2021, with a mission to pursue the perfect trip for a better world [2]
CenterPoint Energy sends large temporary emergency generation units to San Antonio to support state's energy needs and lower costs for Houston customers
Prnewswire· 2025-06-16 21:49
Core Viewpoint - CenterPoint Energy is deploying 15 large temporary emergency generation units to San Antonio to address energy needs and reduce costs for Houston-area customers [2][7]. Group 1: Deployment and Impact - The first five of the 15 emergency generation units have begun leaving the Greater Houston area for San Antonio, with the deployment occurring in three waves over the next two months [1][2]. - The units will provide critical generation capacity, each capable of powering approximately 30,000 homes, to mitigate the risk of power generation shortfalls in San Antonio this summer and next [8]. - The cost of these units will be excluded from the monthly bills of Houston-area customers, resulting in an estimated savings of $2 per month by 2027 for the average customer using 1,000 kWh/month [2][8]. Group 2: Collaboration and Agreements - The deployment is part of a collaborative effort involving ERCOT, elected leaders, regulators, and industry partners, culminating in agreements finalized in early June [4][8]. - CenterPoint Energy will not receive any revenue or profit from the operation of these 15 units, emphasizing the company's commitment to addressing Texas' energy needs [8]. Group 3: Company Overview - CenterPoint Energy, headquartered in Houston, serves approximately 7 million metered customers across multiple states and is the only Texas-domiciled investor-owned utility [6]. - As of March 31, 2025, the company had approximately $44 billion in assets and has been serving customers for over 150 years [6].