We recently published 11 Stocks Failing to Keep up With The Market. Energy Fuels Inc. (NYSEAmerican:UUUU) is one of the top performers on Tuesday. Energy Fuels extended its losing streak to a third straight day on Tuesday, shedding 7.08 percent to close at $15.35 apiece, as investor sentiment was dampened by plans to raise $550 million from the issuance of convertible senior notes that could result in shares dilution. In a statement, Energy Fuels Inc. (NYSEAmerican:UUUU) said that the notes will have a t ...

Core Insights - Cipher Mining Inc. shares experienced significant gains, climbing 5.2% to $12.24 in after-hours trading, following a 17.72% increase during regular trading hours, driven by major financial transactions totaling over $3.8 billion in potential value [2][7]. Financial Moves - The company announced an $800 million private offering of 0.00% convertible senior notes due 2031, with an option for initial buyers to purchase an additional $120 million, potentially raising the total to $920 million [3][4]. - Cipher also disclosed a 10-year colocation agreement with Fluidstack, securing approximately $3 billion in contracted revenue, with options for two five-year extensions that could increase the total value to $7 billion [5][6]. Strategic Partnerships - Google will guarantee $1.4 billion of Fluidstack's lease obligations, receiving warrants for around 24 million shares, equating to a 5.4% equity stake in Fluidstack. This partnership will provide 168 MW of critical IT load at Cipher's Texas facility by September 2026 [6]. Market Performance - Cipher projects 80%-85% site net operating income margins for the Fluidstack hosting project. The company's shares have gained 151.29% year-to-date, with a market cap of $4.59 billion and an average daily trading volume of 36.82 million shares [7][8].

Core Viewpoint - Pebblebrook Hotel Trust is launching a private offering of convertible senior notes due in 2030, aiming to raise $350 million, with a potential increase of up to $50 million for over-allotments [1][2]. Group 1: Offering Details - The proceeds from the offering are intended for the repurchase of certain 1.75% convertible senior notes due in 2026 [1]. - The repurchase is expected to be conducted through privately negotiated transactions [2]. - The company anticipates that holders of the 2026 notes may engage in or unwind derivatives related to the company's common shares as part of these transactions [2][3]. Group 2: Market Impact - Activities related to the repurchase of the 2026 notes could influence the market price of Pebblebrook Hotel Trust's common shares [3]. - The effective conversion price of the new notes may be affected during these transactions, potentially increasing it or reducing any decrease in the market price [4]. Group 3: Company Profile - Pebblebrook Hotel Trust is the largest owner of urban and resort lifestyle hotels in the US, owning 46 hotels with approximately 12,000 guest rooms across 13 urban and resort markets [4].

Core Viewpoint - Adtran Holdings Inc. announced a $150 million convertible senior notes offering, leading to a 9.96% drop in share price to $9.40 in after-hours trading, despite a 3.26% increase to $10.44 during regular trading hours [1]. Notes Structure And Terms - The company plans to offer convertible notes due in 2030 through a private placement to qualified institutional buyers, with an option for initial buyers to purchase an additional $22.5 million in notes [2]. Redemption, Capital Use - The notes will mature on September 15, 2030, with interest paid semi-annually. The company can redeem the notes starting September 20, 2028, if the stock exceeds 130% of the conversion price. Proceeds will be used for capped call transactions and to repay existing credit agreement borrowings from July 2022 [3][4]. Market Impact Concerns - Adtran plans to enter into capped call transactions to minimize dilution when the notes are converted. However, if the stock price exceeds certain thresholds, this could still lead to dilution or additional cash payment requirements [5]. Historical Performance - In 2025, Adtran's stock reached a high of $11.83 and a low of $7.18, reflecting a 25.33% gain for the year. The company has an annual price range of $5.26 to $12.44, a market capitalization of $835.74 million, and an average trading volume of 961,010 shares [6]. Stock Rankings - Adtran is rated with strong momentum at 88.99 and moderate growth at 11.57, indicating an uptick in price trends across short, medium, and long-term periods [7].

Core Viewpoint - Nebius Group is raising $3 billion through a convertible notes offering and a simultaneous Class A shares offering to support business expansion and general corporate purposes [1][2][3] Fundraising Details - The company plans to issue $2 billion in convertible senior notes, with maturities in 2030 and 2032, aimed at qualified institutional buyers [2] - An additional $1 billion in Class A ordinary shares will be offered, with a 30-day option for underwriters to purchase an extra $150 million [3] - Goldman Sachs is the lead book-running manager for the public offering, with Morgan Stanley, BofA Securities, and Citigroup as additional managers [4] Business Expansion Plans - Proceeds from the offerings will be used for acquiring computing resources, securing land plots, and expanding data center operations [1] - The company aims to grow its global data center portfolio and customer base, targeting both AI native tech startups and larger enterprises [2] Strategic Partnerships - The fundraising follows a $17.4 billion agreement with Microsoft, providing the tech giant access to dedicated GPU infrastructure at Nebius' new data center in Vineland, New Jersey [4][5] - The agreement includes an option for Microsoft to acquire additional services, potentially raising the contract's total value to approximately $19.4 billion [5]

Group 1 - Enovix Corp. announced its intent to offer $300 million aggregate principal amount of convertible senior notes due 2030, which led to a decline in its shares during extended trading [1] - The company will grant initial purchasers of the notes an option to purchase up to an additional $60 million aggregate principal amount [1] - Enovix shares fell 12.9% to $7.97 during publication, reflecting a broader trend affecting lithium battery-related companies [3] Group 2 - A portion of the net proceeds from the offering is expected to be used to pay for capped call transactions related to the offering [2] - Enovix shares experienced a dip alongside other lithium battery companies due to reports that Contemporary Amperex Technology is set to resume mining operations at the Jianxiawo mine in China [2]

Market Performance in September - Historically, September is the worst month for stock performance, with the Dow Jones Industrial Average averaging a decline of 1.1% and finishing higher only 42.2% of the time since 1897 [1] - The S&P 500 and Nasdaq Composite also show poor performance in September, with average declines of 1.1% and 0.9%, respectively, and positive returns only 44.9% and 51.9% of the time [2] - However, if stocks have trended higher over the summer, the severity of September's weakness tends to ease, as seen this year with strong performances in August [2][3] Technical Indicators - The S&P 500's 200-day moving average (MA) is a key indicator; when the index is above this average going into September, the average price return for the month is 1.3% with a 60% chance of positive results [4] - Conversely, when the S&P is below its 200-day MA, the average decline is 4.2% with only a 15% positivity rate [5] Investment Opportunities - An accounting shift related to R&D expenses is expected to create fast profits for certain stocks, with Lyft identified as a top opportunity [7][10] - Lyft's stock has already increased by 30% since the opportunity was highlighted, and further growth is anticipated as the company announced a private offering of $450 million in convertible senior notes [9][10] Future Trends and Predictions - Elon Musk predicts that 80% of Tesla's long-term value will come from its humanoid robot project, Optimus, indicating a significant shift towards AI and robotics in economic growth [18] - The potential for a "Trump Shock" is anticipated to ignite a rally in the market, with approximately $7 trillion in cash waiting to be invested [22] - Historical parallels are drawn to the fiscal policies of the 1980s, suggesting that bold actions could lead to significant market movements concentrated in select companies harnessing AI and transformational technologies [23]

Core Viewpoint - TeraWulf Inc. plans to offer $400 million in convertible senior notes due 2031, subject to market conditions, to qualified institutional buyers [1][10] Group 1: Offering Details - The company may grant initial purchasers an option to buy an additional $60 million in convertible notes within 13 days of the initial issuance [2] - The offering is contingent on market conditions, and there is no assurance regarding its completion [2] - The convertible notes will be senior unsecured obligations, accruing interest payable semi-annually starting March 1, 2026, and maturing on September 1, 2031 [4] Group 2: Use of Proceeds - Net proceeds from the offering will be used to cover costs related to capped call transactions and to finance data center expansion and general corporate purposes [3] Group 3: Conversion Terms - The convertible notes can be converted into cash or a combination of cash and shares of common stock, subject to stockholder approval for an increase in authorized shares [5] - Conversion is restricted until certain conditions are met prior to June 1, 2031, after which it can occur at any time until two trading days before maturity [4][5] Group 4: Capped Call Transactions - The company plans to enter capped call transactions to reduce potential dilution of common stock upon conversion of the notes [6][7] - Initial hedging activities related to these transactions may influence the market price of the common stock and convertible notes [8] Group 5: Company Overview - TeraWulf develops and operates environmentally sustainable data center infrastructure in the U.S., focusing on high-performance computing and bitcoin mining [12]

Core Viewpoint - Upstart Holdings Inc. is experiencing a decline in stock price, trading lower after announcing a private offering of $500 million in convertible senior notes due in 2032, alongside positive financial results for the second quarter [1][2]. Financial Performance - Upstart reported adjusted earnings per share of 36 cents for the second quarter, surpassing the consensus estimate of 26 cents [2]. - The company achieved sales of $257 million, exceeding the consensus estimate of $225.28 million, marking a 102% year-over-year increase [2]. - GAAP net income improved to $5.6 million, a significant recovery from a loss of $54.5 million in the same quarter last year [3]. - The company originated 372,599 loans in the second quarter, reflecting a 159% increase from the previous year, with a conversion rate rising to 23.9% from 15.2% [3]. Future Guidance - Upstart anticipates third quarter sales of $280 million, compared to the consensus estimate of $267.47 million [3]. - The company raised its 2025 sales guidance from $1.01 billion to $1.05 billion, aligning with the consensus estimate of $1.01 billion [3]. Stock Performance - Upstart's stock has decreased by nearly 13% over the past month and is currently trading at $64.80, down 5.76% on the day of publication [1][7]. - The 200-day moving average for Upstart is $61.50, which is below the current stock price of $65.22, indicating a generally bullish signal [6].

Core Viewpoint - IREN Limited has announced a private offering of $500 million in convertible senior notes with a 3.50% interest rate, due in 2029, aimed at qualified institutional buyers [1][8]. Transaction Details - The offering size was increased from a previously announced $450 million [8]. - The notes will accrue interest at a rate of 3.50% per annum, payable semi-annually starting December 15, 2025, and maturing on December 15, 2029 [5]. - The initial conversion rate is set at 73.3229 ordinary shares per $1,000 principal amount of notes, equating to an initial conversion price of approximately $13.64 per share, representing a 30% premium over the last reported sale price of $10.49 on June 10, 2025 [5][8]. Use of Proceeds - IREN estimates net proceeds from the offering to be approximately $486.1 million, or $534.9 million if the initial purchasers fully exercise their option to purchase additional notes [3]. - The company plans to allocate $48.9 million for capped call transactions, approximately $92.5 million for a prepaid forward transaction, and the remainder for general corporate purposes and working capital [4]. Capped Call Transactions - IREN entered into capped call transactions to hedge against potential dilution upon conversions, with an initial cap price of $20.98 per share, representing a 100% premium over the last reported sale price [8][10]. - The capped call transactions are expected to reduce potential dilution to IREN's ordinary shares upon conversion of the notes [11]. Prepaid Forward Transaction - IREN has also entered into a prepaid forward share purchase transaction for approximately $92.5 million of its ordinary shares, which will settle shortly after the maturity date of the notes [14]. - This transaction is intended to facilitate privately negotiated derivative transactions, allowing investors to establish short positions related to IREN's ordinary shares [16]. Company Overview - IREN is a vertically integrated data center business focused on Bitcoin, AI, and renewable energy, with facilities strategically located in renewable-rich regions across the U.S. and Canada [23]. - The company operates 660MW of data centers, expanding to 885MW in 2025, and is one of the largest Bitcoin producers globally with a capacity of 41 EH/s, set to expand to 50 EH/s [23].