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Allegro MicroSystems (ALGM) Surges 10.8%: Is This an Indication of Further Gains?
ZACKS· 2026-01-07 13:06
Group 1 - Allegro MicroSystems, Inc. (ALGM) shares increased by 10.8% to close at $31.53, driven by higher trading volume compared to typical sessions, despite a 1% loss over the past four weeks [1] - The growth in automotive and data center revenues is attributed to advancements in AI-led server architectures and e-mobility solutions [1] - The company is expected to report quarterly earnings of $0.14 per share, reflecting a year-over-year increase of 100%, with revenues projected at $224.41 million, up 26.2% from the previous year [2] Group 2 - The consensus EPS estimate for Allegro MicroSystems has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] - Allegro MicroSystems holds a Zacks Rank of 3 (Hold) within the Zacks Electronics - Semiconductors industry [4] - Another company in the same industry, Nova Ltd. (NVMI), closed 2.2% higher at $391.31, with a 15% return over the past month [4]
REE Automotive Announces First Half 2025 Earnings Results
Globenewswire· 2025-12-30 12:00
TEL AVIV, Israel, Dec. 30, 2025 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company that develops software-defined vehicle (SDV) technology and provides full by-wire platforms, today announced financial results for the six months ended June 30, 2025. “Over the past several months, we’ve taken decisive actions intended to accelerate delivery of our software-defined vehicle technologies, improve our cost structure, and strengthen execution. This inc ...
MBAK Energy Solutions, Inc. (OTC:MBAK) partners with Carbon Zero Mobility in Kenya and the University of Michigan on Charger Design
Globenewswire· 2025-12-23 13:00
SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Dec. 23, 2025 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) is partnering with the University of Michigan Perot-Jain TechLab through its Kenyan distribution partner, Carbon-Zero Mobility, Ltd. (CZM) to improve the “open-source” charging mechanisms that are basic kit for the MBAK manufactured Dominion line of e-motorcycles that CZM is bringing to market in Kenya. The charger design and ruggedization project will analyze the current cha ...