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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].
Unisys Announces Pricing of $700 Million Private Offering of Senior Secured Notes; Net Proceeds to Be Used to Refinance Existing Notes and Partially Fund U.S. Pension Plan
Prnewswire· 2025-06-16 21:45
Core Viewpoint - Unisys Corporation is issuing $700 million in Senior Secured Notes due 2031 to finance a cash tender offer for its existing notes and other corporate purposes [1][3]. Group 1: Senior Secured Notes Offering - Unisys announced the pricing of $700 million aggregate principal amount of Senior Secured Notes due 2031 through a private offering [1]. - The Senior Secured Notes will bear an interest rate of 10.625% per year, payable semiannually starting January 15, 2026 [5]. - The offering is expected to close on June 27, 2025, subject to customary closing conditions [1]. Group 2: Tender Offer and Consent Solicitation - Concurrently, Unisys initiated a cash tender offer to purchase all outstanding $485 million of its 6.875% Senior Secured Notes due November 1, 2027 [2]. - The company is soliciting consents to amend the existing indenture governing the terms of the Existing Notes, aiming to eliminate restrictive covenants and certain events of default [2]. - The Tender Offer and Consent Solicitation are contingent upon the successful completion of the Senior Secured Notes offering [7]. Group 3: Use of Proceeds - The net proceeds from the Senior Secured Notes offering will be used to finance the Tender Offer and Consent Solicitation, redeem remaining Existing Notes, fund a portion of the long-term pension deficit, and for general corporate purposes [3]. Group 4: Security and Guarantees - The Senior Secured Notes will be guaranteed by material domestic subsidiaries of Unisys and secured by liens on substantially all assets of Unisys and the subsidiary guarantors [4].
Nvidia: Limited China Impact, Strong Buy Maintained
Seeking Alpha· 2025-06-16 21:38
Group 1 - Khaveen Investments is a global investment advisory firm serving high-net-worth individuals, corporations, associations, and institutions [1] - The firm offers comprehensive services including market and security research, business valuation, and wealth management [1] - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio across various asset classes, geographies, sectors, and industries [1] Group 2 - The investment approach integrates top-down and bottom-up analysis, blending global macro, fundamental, and quantitative strategies [1] - Core expertise lies in disruptive technologies such as Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]
City View Green Holdings Inc. Announces Share Consolidation
Newsfile· 2025-06-16 21:34
Core Viewpoint - City View Green Holdings Inc. has announced a consolidation of its common shares at a ratio of ten pre-Consolidation shares for one post-Consolidation share, pending approval from the Canadian Securities Exchange [1] Share Consolidation Details - The consolidation will not issue fractional shares; any fractions will be rounded down to the nearest whole number [2] - The exercise or conversion price and the number of common shares under outstanding options, warrants, and other rights will be proportionately adjusted to reflect the consolidation [2] Expected Outcomes - Currently, the company has 456,813,473 common shares outstanding, which is expected to reduce to approximately 45,681,347 shares post-Consolidation, subject to rounding adjustments and any further issuances [3] - The company does not plan to change its name or trading symbol in conjunction with the consolidation [3] - A further news release will be issued once the record date for the consolidation is established [3]
ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Elevance Health, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ELV
GlobeNewswire News Room· 2025-06-16 21:22
Core Viewpoint - Rosen Law Firm is reminding purchasers of Elevance Health, Inc. common stock about the upcoming lead plaintiff deadline for a class action lawsuit related to misleading statements made by the company during the Class Period from April 18, 2024, to October 16, 2024 [1][4]. Group 1: Class Action Details - Investors who purchased Elevance common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by July 11, 2025 [2]. - The lawsuit alleges that Elevance made false or misleading statements regarding the Medicaid redetermination process and its impact on the company's financial guidance [4]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3]. - The firm has recovered hundreds of millions of dollars for investors and has been recognized for its performance in securities class action settlements [3]. - Investors have the option to select their counsel or remain absent from the class until it is certified [6].