REE Automotive: Electrifying The Truck Stop? Analyst Bullish On EV Platform
Analyst initiates Buy rating for REE Automotive with $14 price target. Expects growth catalyst in FY24, revenue ramp in FY25, positive margins in FY26.
Pembina Pipeline’s Cedar LNG On Track For Final Investment Decision In June: Details
Pembina Pipeline Corp announced progress on its Cedar LNG project and a 4%-6% growth in adjusted EBITDA per share & $2.2B-$4B in expenditures by 2026.
Why Is RBC Bearings Stock Trading Higher Today?
RBC Bearings reported Q4 results with net sales up 4.9%, gross margin and EBITDA margin expanding. Backlog at $726.1M. Adjusted EPS beat estimates.
Waste Management Mulls $3B Sale Of RNG Business: Report
Waste Management is seeking to sell its renewable natural gas business for about $3 billion. The company is working with JPMorgan to gauge interest from potential buyers.
Equinor Reportedly Scores Final Permit, Empire Wind 1 To Blast Off In 2026
Equinor received approval to build Empire Wind 1 offshore wind farm, expected to contribute to NY's goal of 9,000 MW of offshore wind power by 2035.
Why Edible Garden Shares Are Jumping Today
Edible Garden reports 27.6% Y/Y revenue growth in Q1 FY24, led by demand for herbs and expansion into new products. EPS loss of $(13.65).
TC Energy’s NGTL Pipeline Faces Pressure Reduction Order Despite Repaired Rupture: Report
Canada Energy Regulator orders TC Energy Corp's NGTL to reduce pipeline pressure. No service interruption expected. Investigation ongoing.
Big Oil, Big Bet: Indonesia’s Pertamina & Exxon Aim For Gigatonne CO2 Grab
Exxon Mobil and Pertamina to drill for CCS hub in Indonesia, estimated to store 3 gigatonnes of CO2 with a $2 billion investment.
Why Is Brazilian Oil Company Petrobras Stock Sinking Today?
PBR shares down as CEO Jean Paul Prattes resigns and is replaced by former regulator with similar views to President Lula. Concerns about political interference and impact on minority shareholders.
Why Is VirTra Stock Diving Today?
VirTra shares down after reporting worse-than-expected Q1 results with revenue decline of 19% due to delays in federal funding and cost increases from Microsoft contract. CEO anticipates revenue growth with launch of V-XR, CFO sees growth in recurring revenue streams.