Articles by Daniel Marsh
FuelCell Energy Jumps 23% as AI Data Center Power Demand Fuels Rally
FuelCell Energy shares surged 23.5% on Thursday, extending a rebound as investors bet on fuel-cell firms for AI data center power. The company named John Livingston to its board and set its next earnings call for June 8.
Ondas Stock Dips After Completing Omnisys All-Stock Acquisition for $196.6M
Ondas Inc. shares slipped 3.5% after closing its $196.6M all-stock acquisition of Omnisys, with 3.1M shares registered for resale. Q1 revenue hit $50.1M, but operating loss was $42.7M.
Seniors Group Raises 2027 Social Security COLA Forecast to 3.9%
The Senior Citizens League lifted its 2027 Social Security COLA estimate to 3.9%, citing rising energy, food, and housing costs, which would add roughly $81 per month to the average retired worker's benefit.
Dow Wavers Near 50,000 as Oil, Yields Rise; Walmart, Nvidia Weigh
The Dow hovered near 50,000 Thursday as higher oil prices and bond yields curbed risk appetite. Walmart fell on cautious guidance, while Nvidia's record results failed to ignite a tech rally.
Ford Stock Edges Up After DOE Loan Restructure for Kentucky Battery Plant
Ford shares rose 0.9% after assuming a $3.805B DOE loan for a Kentucky battery plant and exiting the BlueOval SK joint venture.
Xanadu Stock Surges on $300M Capital Plan and Quantum Breakthrough
Xanadu shares jumped 8.9% after the company announced a $300M equity facility and a quantum algorithm update that could halve the cost of key operations.
Mister Car Wash Delisted After $3.1B Buyout Completion
Mister Car Wash (MCW) has been delisted from Nasdaq after Leonard Green & Partners completed its $3.1 billion take-private acquisition, with shareholders receiving $7.00 per share.
Apellis Delisted After Biogen's $5.3B Acquisition Closes
Biogen closed its $5.3 billion acquisition of Apellis, ending APLS trading on Nasdaq. Shareholders got $41 per share plus a CVR linked to Syfovre sales milestones.
Stellantis Unveils $70B Strategy to Revitalize Jeep, Ram, and European Brands
Stellantis launched a €60 billion five-year plan to boost profits, focusing on key brands like Jeep and Ram, with a goal of 25% revenue growth in North America.
Redwire Stock Wavers After Drone Orders and Major Stake Sale
Redwire shares eased in premarket after a 6.2% rally on new drone deals and a filing showing AE Industrial Partners cut its stake to 1.1%.