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CoreWeave Is Up More Than 300% in Just 3 Months – But Could It Go Even Higher?
The Motley Fool· 2025-06-11 09:22
CoreWeave (CRWV -4.44%) went public in March and was one of the most anticipated IPOs of the artificial intelligence boom. It's also been one of the best-performing IPOs. CoreWeave went public at a price of $40 per share and as of this writing, the stock trades for more than four times that level. Although CoreWeave is losing money, this AI infrastructure company is growing at an incredible pace, and this has caused the stock to climb so high. Here I'll discuss what the company does, how the business is per ...
AI Agents are starting to fill entry-level jobs: Notable’s Solomon
Bloomberg Technology· 2025-06-10 20:14
It's a nice way to to think about it from idea to IPO. But you know like that's the history of Silicon Valley, right. That's what every founders sets out to do.Among those 11, what are you most proud of. What was the sort of steepest arc, would you say. It's great to be here.You know, we've at notable really built our business around focusing on the founder. And I think the primary lesson we've learned from the successes we've had is that if we serve founders really well, if we provide them with a unique ex ...
Why Redwire Stock Just Crashed
The Motley Fool· 2025-06-10 19:19
Investors made a lot of money on Redwire stock over the past year, but now it's time to sell.Redwire (RDW -9.17%) stock, a specialist in building infrastructure in space, just won a NASA contract of unspecified value, to "facilitate a Space Microalgae biotechnology experiment" that will be carried to the International Space Station aboard the upcoming Axiom Mission 4. Redwire stock is not up on the news, however, but rather down a staggering 9.8% through 2:20 p.m. ET. But here's the thing: Redwire's sell-of ...
Itron Publishes 2024 Corporate Sustainability Report
Globenewswire· 2025-06-10 12:45
Core Insights - Itron, Inc. released its 2024 Corporate Sustainability Report, emphasizing its commitment to sustainability and the positive impact of its solutions on customers and communities [1][2][3] Sustainability Strategy - The company completed its first enterprise-wide double materiality assessment in 2024, aligning sustainability priorities with stakeholder expectations and regulatory requirements [2][4] - Itron's ESG strategy is integrated into its operations, with oversight from the board of directors [3] Environmental Impact - Itron's solutions helped customers avoid 7.5 million metric tons of greenhouse gas emissions in 2024, driven by improved operational efficiency and consumer engagement [4] - The company achieved 100% ISO 14001 certification across all manufacturing facilities and reduced Scope 1 and 2 emissions by over 50% since 2019 [4] Community and Employee Engagement - Itron was recognized as one of America's Greatest Workplaces, with nearly 95% of employees expressing intent to stay with the company [4] - The company invested over $1 million in corporate philanthropy, educational outreach, and volunteerism [4] Ethical Conduct and Governance - In 2024, 100% of employees completed the Code of Conduct training, and nearly 90% of the Board remained independent [4] - Itron received an "AA" MSCI rating and a "Low Risk" designation from Sustainalytics, reflecting its strong ESG profile and values-driven leadership [4]
Jacobs Selected to Strengthen Transmission and Distribution Infrastructure for Bonneville Power Administration
Prnewswire· 2025-06-10 11:45
Core Insights - Jacobs has been selected by Bonneville Power Administration (BPA) to provide engineering and advisory services for the Grand Coulee Modernization Program, aimed at enhancing the reliability and efficiency of the transmission and distribution infrastructure supporting the largest power-generating dam in the U.S. [1][2] Group 1: Project Overview - The Grand Coulee Dam transmits over 21 billion kilowatt-hours of electricity annually to customers across multiple states, including Washington, Oregon, Idaho, and parts of California, Nevada, Utah, Wyoming, and Canada [2] - Jacobs will provide project management, engineering, and strategic advisory services to modernize substation infrastructure and optimize transmission pathways [2][3] - The modernization will enhance operational efficiency and ensure the continued delivery of high-quality power to BPA's customers [2][3] Group 2: Strategic Importance - The Grand Coulee Dam has a current capacity of over 7,000 megawatts, playing a critical role in powering communities [3] - The modernization will allow for quick and safe adjustments in power generation based on grid demand, which is essential as AI Data Centers and other power-dense applications come online [3] - The program builds on Jacobs' previous projects with BPA, including the Ross Complex Redevelopment program and the Facilities Portfolio Delivery Program [3][4] Group 3: Company Profile - Jacobs is recognized as the No. 1 firm in the Top 50 Program Management Firms list by Engineering News-Record in 2024 [5] - The company generates approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across various sectors [6]
OTC Markets Group Welcomes Canadian Utilities Limited to OTCQX
Globenewswire· 2025-06-10 11:00
NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Canadian Utilities Limited (TSX: CU; OTCQX: CDUAF), a diversified global energy infrastructure corporation, has qualified to trade on the OTCQX® Best Market. Canadian Utilities Limited upgraded to OTCQX from the Pink® market. Canadian Utilities Limited begins trading today on OTCQX under the symbol "CDUAF." U.S. investors can fi ...
Uniti Group Inc. Announces Pricing of Senior Notes Offering
GlobeNewswire· 2025-06-10 01:30
Group 1 - Uniti Group Inc. announced the pricing of $600 million aggregate principal amount of 8.625% Senior Unsecured Notes due 2032, with an issue price of 100.000% [1] - The net proceeds from the offering will be used to fund the partial redemption of $500 million aggregate principal amount of outstanding 10.50% senior notes due 2028, with the redemption expected to occur on June 24, 2025 [2] - The notes will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers [3] Group 2 - Uniti is an internally managed real estate investment trust engaged in the acquisition and construction of mission-critical communications infrastructure, owning approximately 147,000 fiber route miles and 8.8 million fiber strand miles as of March 31, 2025 [5]
Crown Announces Entry into Merger Agreement
Globenewswire· 2025-06-09 13:00
LOS ANGELES, June 09, 2025 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (NASDAQ: CRKN) (“Crown” or the “Company”), a leader in optical and fiber infrastructure solutions, today announced that it has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with Crown EK Acquisition LLC (“Parent”) and Crown EK Merger Sub Corp. (“Purchaser”), a wholly owned subsidiary of Parent. Parent is controlled by Douglas Croxall, the Company’s Chairman and Chief Executive Officer. Under the term ...
Volatile Oil Markets? These 3 Dividend Stocks Stay Resilient
ZACKS· 2025-06-09 12:46
Key Takeaways Oil prices have dropped over 10% in 2025 due to rising OPEC supply and weak demand from China. CNQ, KMI, and TRP offer stable dividends and strong cash flows despite energy market volatility. Large-cap energy firms bring income stability and lower risk during turbulent oil price cycles.Crude oil prices have seen significant swings in 2025, reflecting a complex mix of economic, political and supply-side factors. After starting the year with WTI at $72 a barrel and Brent at around $75, prices ...
Uniti Group Inc. Announces Private Offering of Senior Notes
Globenewswire· 2025-06-09 12:15
Core Viewpoint - Uniti Group Inc. is initiating an offering of $600 million in senior notes due 2032 to fund the partial redemption of $500 million of its outstanding 10.50% senior notes due 2028, with the redemption scheduled for June 24, 2025 [1][2]. Group 1: Offering Details - The offering of the senior notes is subject to market and other conditions, and will be guaranteed on a senior unsecured basis by the Company and its subsidiaries [1]. - The net proceeds from the notes will be used primarily for the partial redemption of the 2028 secured notes, including related premiums, fees, and expenses [2]. - The redemption of the 2028 secured notes is contingent upon the completion of debt financings totaling at least $550 million [2]. Group 2: Company Overview - Uniti is an internally managed real estate investment trust (REIT) focused on acquiring and constructing critical communications infrastructure, providing fiber and wireless solutions [5]. - As of March 31, 2025, Uniti owns approximately 147,000 fiber route miles and 8.8 million fiber strand miles across the United States [5].