Astera Labs Inc. (NASDAQ:ALAB) shares are in focus Friday after Nasdaq announced its quarterly index reconstitution — with ALAB set to join the Nasdaq-100 effective before market open on June 22.
Astera stock is challenging resistance. Why is ALAB stock breaking out? The Index InclusionThe BusinessAstera Shares RiseALB Price Action: At the time of publication, Astera shares are trading 4.09% higher at $382.50, according to data from Benzinga Pro.
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Key Takeaways Several tech stocks rallied Friday following the news that they will be added to the Nasdaq 100 later this month.The group includes Nvidia-backed CoreWeave and Nebius Group, along with Astera Labs, Teradyne, and Rocket Lab. Get personalized, AI-powered answers built on 27+ years of trusted expertise.
Five new stocks are set to join the Nasdaq 100 index later this month, including a pair backed by AI chip leader Nvidia.
Nasdaq said late Thursday that semiconductor company Astera Labs (ALAB), cloud computing provider CoreWeave (CRWV), AI cloud company Nebius Group (NBIS), aerospace manufacturer Rocket Lab (RKLB), and automatic test equipment maker Teradyne (TER) will be added to the index as part of its quarterly rebalancing, with the changes taking effect on June 22.1
Shares of CoreWeave and Nebius jumped about 5% Friday following the news, while Teradyne added close to 6%, on a day when tech stocks gained broadly. Astera Labs surged as much as 6% before giving up those gains later in the session, while Rocket Lab shares slid close to 11% as investors flocked to Elon Musk's SpaceX (SPCX), the new space stock dominating today's headlines.
Why This Matters to Investors Inclusion in an index can benefit a stock in a number of ways, including introducing it to new investors, and driving funds that track the index to buy the stock.
Friday's gains add to what's already been a strong year so far for CoreWeave and Nebius, which have also been boosted by signing deals with a number of big tech companies, and from securing investments from Nvidia (NVDA), the world's most valuable company. Shares of Coreweave have surged 40% since the year began, though they remain well off their highs last June, while Nebius shares have soared close to 200% year-to-date and 400% over the past 12 months.
Astera Labs, which is an Nvidia supplier, and Nvidia partner Teradyne have both seen their stocks roughly double in value in 2026. Astera's stock is up some 300% and Teradyne nearly 400% from this time last year.
The new group of stocks in the index will replace Charter Communications (CHTR), Cognizant Technology Solutions (CTSH), Insmed (INSM), Verisk Analytics (VRSK), Zscaler (ZS), which have all taken a hit in recent months.
AUSTIN, Texas, June 11, 2026 (GLOBE NEWSWIRE) -- Swarmer, Inc. (“Swarmer”) (NASDAQ: SWMR), a drone autonomy software company which has supported more than 100,000 real-world combat missions in Ukraine since April 2024, today issued a letter from its Chairman, Erik Prince.
Dear Shareholders,
I am writing this letter after returning from five days on the ground in Ukraine, where I visited some of the most innovative defense technology companies operating anywhere in the world today. These are not companies building to a specification or a procurement cycle. They are building to survive testing their assumptions daily against real adversaries, iterating in hours rather than years, and producing results that are redefining what effective defense looks like. That experience deepened my conviction in everything that follows.
The broader geopolitical backdrop has never made this mission more urgent. As the United States moves to seize and redirect billions in frozen Iranian assets and as conflicts from Eastern Europe to the Gulf continue to accelerate demand for sovereign, affordable defense capability, the window for companies like Swarmer to establish themselves as the platform of record for battlefield-proven technology is opening fast.
Since becoming Chairman of Swarmer, I have become increasingly convinced that the company’s opportunity extends well beyond its current software platform. While Swarmer’s autonomy and battlefield management technologies remain at the core of our business, our broader objective is to build a platform company that can identify, acquire, partner with, and help scale innovative defense and security technology companies whose products have been battlefield tested and proven effective under demanding operational conditions.
Many also face a strategic dilemma. While their businesses may be experiencing strong momentum today, they recognize that when the war ends, demand within Ukraine could change significantly, creating concentration and market risk. By providing capital, strategic support, access to international customers, and a pathway into new markets, we believe Swarmer can help these entrepreneurs diversify their businesses beyond a single geography. In turn, this can give founders greater confidence to continue investing, hiring, and innovating within Ukraine today, knowing they have a credible path toward long-term global growth.
Importantly, many of these discussions are not new. We continue to build a pipeline of potential acquisitions, partnerships, and strategic relationships that we believe can accelerate growth and create long-term shareholder value. We are currently seeing strong momentum with several of these opportunities and, while there can be no assurance that any particular transaction will be completed, we hope to provide shareholders with additional color on our progress in the coming weeks. To support this objective, we recently filed a Form S-1 to register the resale of up to 3 million shares of common stock. There are three important points I would like to emphasize:
First, this filing simply registers for resale shares that the Board may elect to sell to a single investor over time pursuant to an equity facility. It is not a single offering, and no decision has been made regarding the timing, amount, or pace of any future sales. This instrument provides flexibility should attractive opportunities emerge.
Second, the structure allows shares to be sold at prevailing market prices, subject to a modest 2% discount. We believe this represents one of the lowest-cost sources of growth capital available to the company while allowing us to raise funds responsibly and opportunistically rather than through a large, dilutive financing.
Third, access to capital matters. The defense technology landscape is evolving rapidly, and we believe attractive acquisition, investment, and partnership opportunities may become available as entrepreneurs seek strategic partners capable of helping them expand internationally. Having the ability to move quickly can be a significant competitive advantage.
Our goal is to position Swarmer not only as a developer of world-class software, but as a broader platform capable of identifying, scaling, and commercializing proven defense technologies for customers worldwide.
We remain focused on disciplined execution, prudent capital allocation, and building long-term value for our shareholders.
Thank you for your continued support.
Erik Prince
Chairman
Swarmer, Inc.
About Swarmer
Swarmer™ is a defense technology company that specializes in vendor-agnostic software which allows one operator to intuitively control hundreds of autonomous platforms in real time. Swarmer’s primary mission areas include autonomous swarm coordination, integration of multi-domain unmanned systems and AI-powered autonomy software for distributed operations. Swarmer is not a drone manufacturer and does not depend on any single platform, supplier or hardware lifecycle. Instead, Swarmer operates at the intelligence layer, developing autonomy, coordination and decision-making software that enables large numbers of low-cost unmanned systems to operate collectively as one coherent, resilient force. Swarmer’s technology has been rigorously validated in real-world kinetic environments and was first deployed in combat operations in Ukraine in April 2024. Since then, it has completed more than 100,000 combat missions, generating terabytes of proprietary data that informs its machine-learning models and enables the replication of advanced pilot performance at scale. Swarmer’s routine use in combat missions generates continuous streams of telemetry, sensor data and operational feedback which are then used to refine performance, increase resilience and accelerate learning. Swarmer has headquarters in Austin, Texas, and maintains operations and teams in Ukraine, Poland and Estonia.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements about Swarmer’s strategy, market opportunity, customer engagement, product development, technology integrations, expansion into new markets, future revenue opportunities, expected customer mix, potential deployments, and the anticipated benefits of the Company’s relationships, memoranda of understanding, partnerships, and other commercial initiatives. Forward-looking statements are based on current expectations, estimates, forecasts, and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
These risks and uncertainties include, among others: the Company’s limited operating history as a public company; its history of losses and limited current revenue; customer concentration and the timing, non-renewal, or loss of customer engagements; the Company’s ability to convert pilot programs, memoranda of understanding, and development-stage relationships into binding commercial contracts or revenue; defense procurement cycles and government budget priorities; geopolitical conditions affecting operations, customers, suppliers, and deployments in Ukraine and other regions; export control, sanctions, defense trade, procurement, and other regulatory requirements; competition in the defense technology and autonomous systems markets; the Company’s ability to develop, validate, scale, and integrate its software across third-party unmanned platforms; risks associated with artificial intelligence, machine learning, data availability, data quality, cybersecurity, and operational performance in real-world environments; reliance on key personnel and technical talent; the Company's ability to identify, evaluate, complete, and successfully integrate acquisitions, investments, or strategic transactions on favorable terms or at all; the risk that anticipated benefits of any such transactions may not be realized or may take longer to realize than expected; potential dilution to existing stockholders resulting from future issuances of common stock, including pursuant to the Company's equity facility; the Company's ability to deploy capital raised through any equity facility on attractive terms or in a timely manner; risks associated with international expansion, including compliance with the International Traffic in Arms Regulations (ITAR), the Export Administration Regulations (EAR), and foreign regulatory and licensing requirements applicable to defense and dual-use technologies; the potential for changes in geopolitical conditions, including the resolution or de-escalation of the conflict in Ukraine, to materially reduce demand for the Company's products, services, or those of its partners and acquisition targets; the Company's ability to help portfolio companies or partners successfully scale, commercialize, or enter new markets; supply chain and manufacturing constraints affecting the Company’s customers or partners; and the other risks described in the Company’s filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Shares of Aduro Clean Technologies Inc. (ADUR - Free Report) have gained 21.3% over the past four weeks to close the last trading session at $15.46, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $30.92 indicates a potential upside of 100%.
The average comprises three short-term price targets ranging from a low of $22.00 to a high of $46.00, with a standard deviation of $13.13. While the lowest estimate indicates an increase of 42.3% from the current price level, the most optimistic estimate points to a 197.5% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for ADUR, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why ADUR Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 38.7% over the past month, as one estimate has gone higher compared to no negative revision.
Moreover, ADUR currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much ADUR could gain, the direction of price movement it implies does appear to be a good guide.
LONDON, Ontario, June 11, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced the closing of its underwritten U.S. and Canadian public offering (the “Public Offering”) of 1,028,645 common shares at a price of US$15.20 (C$21.20) per common share for gross proceeds to the Company of US$15,635,404, before deducting underwriting discounts and offering expenses.
Canaccord Genuity acted as sole bookrunning manager and representative of the several underwriters in connection with the Public Offering.
Aduro intends to use the net proceeds from the Public Offering for expenditures related to the design, engineering and construction of its first-of-a-kind demonstration-scale industrial plant (the “FOAK Plant”), ongoing research and development costs and the remainder for general corporate purposes and working capital.
The Public Offering was made concurrently in the United States and in the Canadian provinces of British Columbia and Ontario pursuant to an effective shelf registration statement on Form F-10, as amended (File No. 333-292023), previously filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 15, 2025, and effective upon filing, and the Company’s Canadian short form base shelf prospectus dated December 15, 2025, as supplemented by the prospectus supplement dated June 10, 2026.
The base shelf prospectus and the prospectus supplement relating to the Public Offering have been filed with the securities regulatory authorities in British Columbia and Ontario and with the SEC in the United States, and are available for free under the Company’s profiles on SEDAR+ maintained by the Canadian Securities Administrators at www.sedarplus.ca and on the SEC’s website for EDGAR at www.sec.gov, as applicable. Copies of the prospectus supplement and accompanying base shelf prospectus may also be obtained from Canaccord Genuity LLC, Attn: Syndication Department, 1 Post Office Square, 30th Floor, Boston, MA 02109, or by email at [email protected].
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation, or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
All foreign exchange calculations set forth in this press release are based on the exchange rate posted by the Bank of Canada on June 9, 2026 of US$1 = C$1.3947. The Public Offering was conditionally approved by the Toronto Stock Exchange (“TSX”) and remains subject only to customary post-closing conditions of the TSX.
About Aduro Clean Technologies
Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.
For further information, please contact:
Abe Dyck, Head of Corporate Development / Investor Relations [email protected]
+1 226 784 8889
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of applicable United States securities laws, and “forward-looking information” within the meaning of Canadian securities laws (collectively, “forward-looking statements”). All statements, other than statements of historical facts, included in this press release are forward-looking statements. The material factors and assumptions used to develop the forward-looking statements contained in this press release include the Company’s understanding and belief of current market conditions; approved business plans and regulatory approvals with respect to the FOAK Plant and other pilot plants; continued progress in research and development activities; results of ongoing test work for technological and process improvements; the Company’s experience with regulators; and the continuation of positive economic conditions. When used in this press release, the words “plan”, “potential,” “indicate,” “expect,” “intend,” “believe,” “may,” “will,” “if,” “anticipate,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include, without limitation, references to the Company’s anticipated use of net proceeds from the Public Offering, statements regarding final regulatory approvals for the Public Offering and the anticipated receipt thereof. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to factors that result in changes to the Company’s anticipated use of proceeds, including those which may affect the Company’s expectations with respect to its FOAK Plant or other pilot plants. These and other risks and uncertainties are described more fully in the section captioned “Risk Factors” in the Company’s Base Shelf Prospectus, Prospectus Supplement, management discussion and analyses, and its annual information form dated August 27, 2025, each of which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Forward-looking statements contained in this announcement are made as of the date hereof, and the Company undertakes no duty to update such information except as required under applicable law, including the securities laws of the United States and Canada.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a55c344-bdb5-494c-a57d-6bf7db9c268e
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Matrix Service Company ("Matrix" or the "Company") (NASDAQ: MTRX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Matrix and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 6, 2026, Matrix issued a press release announcing its financial results for the third quarter of its 2026 fiscal year. Among other items, Matrix reported revenue of $206.71 million, missing consensus estimates by $24.81 million. The Company also lowered its fiscal year 2026 revenue guidance to a range of $870 million to $890 million, compared to its previous guidance of $875 million to $925 million, representing a 2% decrease at the midpoint.
On this news, Matrix's stock price fell $1.64 per share, or 11.88%, to close at $12.16 per share on May 7, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Oscar Health, Inc. (OSCR - Free Report) ended the recent trading session at $28.26, demonstrating a -2.25% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.5% for the day. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.31%.
The company's shares have seen an increase of 24.88% over the last month, surpassing the Finance sector's gain of 1.89% and the S&P 500's loss of 0.23%.
The investment community will be paying close attention to the earnings performance of Oscar Health, Inc. in its upcoming release. The company is expected to report EPS of $0.34, up 138.2% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.83 billion, indicating a 68.58% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.47 per share and revenue of $18.7 billion. These totals would mark changes of +127.81% and +59.85%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Oscar Health, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Oscar Health, Inc. boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Oscar Health, Inc. has a Forward P/E ratio of 61.51 right now. This denotes a premium relative to the industry average Forward P/E of 9.71.
We can also see that OSCR currently has a PEG ratio of 2.02. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Insurance - Multi line industry currently had an average PEG ratio of 0.86 as of yesterday's close.
The Insurance - Multi line industry is part of the Finance sector. This group has a Zacks Industry Rank of 144, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”) a leading U.S. commercial space firm specializing in satellite solutions, in-space transportation, and orbital infrastructure, today announced that it has entered into securities purchase agreements with new and existing long term institutional investors for the purchase and sale of 1,851,852 shares of its common stock in a registered direct offering priced at-the-market under Nasdaq rules (the “Offering”). The gross proceeds from the Offering are expected to be approximately $25 million, before deducting placement agent fees and other estimated Offering expenses.
The closing of the Offering is expected to occur on or about June 15, 2026, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.
A.G.P./Alliance Global Partners is acting as sole placement agent for the Offering.
The securities described above are being offered pursuant to an effective shelf registration statement on Form S-3 (File No. 333-296218) which became effective on June 4, 2026. The Offering is being made only by means of a prospectus which is part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the Offering will be filed with the Securities and Exchange Commission (the “SEC”) and will be available on the SEC's website located at http://www.sec.gov. Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected].
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. The Company offers satellites to support government and commercial customers for missions like communications, missile tracking, and cutting-edge science missions. Momentus offers services such as hosted payloads, support for in-space assembly, on-orbit servicing and refueling, and transportation of satellites to specific orbits.
Forward-Looking Statements
This press release contains certain statements that may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected closing of the Offering, the intended use of proceeds and fulfillment of customary closing conditions. These statements reflect Momentus’ or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 31, 2026, as such factors may be updated from time to time in our other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
11 June 2026 Northern Venture Trust PLC Annual Report and Financial Statements for the year ended 31 March 2026 Northern Venture Trust PLC is a Venture Capital Trust (VCT) advised by Mercia Fund Management Limited. The trust was one of the first VCTs launched on the London Stock Exchange in 1995.
11 JUNE 2026 NORTHERN VENTURE TRUST PLC STATEMENT REGARDING INTENTION TO FUNDRAISE Northern Venture Trust PLC (“the Company”) is pleased to announce that, subject to obtaining any required shareholder or regulatory approvals, in conjunction with Northern 2 VCT PLC and Northern 3 VCT PLC (together with the Company known as the “Northern VCTs”), it intends to launch a joint offer of new ordinary shares for subscription in the 2026/27 tax year (“the Offer”). It is envisaged that the Offer will seek to raise up to £10 million for the Company.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Powell Industries (POWL - Free Report) .
Powell Industries currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 2.00 indicates Buy.
Of the six recommendations that derive the current ABR, three are Strong Buy, representing 50% of all recommendations.
Brokerage Recommendation Trends for POWL
Check price target & stock forecast for Powell Industries here>>>
The ABR suggests buying Powell Industries, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is POWL a Good Investment?Looking at the earnings estimate revisions for Powell Industries, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $5.47.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Powell Industries. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Powell Industries.
SpaceX opened at $150 per share in its Nasdaq debut on Friday, making Elon Musk the world's first trillionaire and vaulting the company past a $2 trillion market capitalization. Here's how experts are reacting to one of the most historic IPOs in market history.
The time has finally come. On Friday, Elon Musk's Space Exploration Technologies (SPCX +19.17%) -- popularly known as SpaceX -- hit the Nasdaq. While the offering price remained fixed at $135 per share, shares had popped by 25% to about $175 as of 2:30 p.m. ET on the initial public offering (IPO) day. It closed the session at $160.95.
At this point, SpaceX's market capitalization is about $2.1 trillion -- making it one of the most valuable companies in the world. Clearly, retail and institutional investors alike rushed in with overwhelming enthusiasm once the stock hit the public exchanges.
Candidly, this kind of momentum is not uncommon for hot IPO stocks. In SpaceX's case, the day-one surge reflected broad confidence in the company's leadership across space exploration, satellite networks, and the emerging artificial intelligence (AI) business.
The question smart investors are asking is whether or not SpaceX stock can maintain its premium valuation. History offers a strikingly clear answer.
Why do IPO stocks pop when they first start trading? When it comes to IPOs, investors can be particularly eager to secure early positions in what they perceive as a category-defining business. A double-digit percentage opening-day gain is a strong signal that demand significantly exceeded the volume available shares at the offering price.
Strong debuts frequently occur with innovative, high-profile companies that capture public imagination. SpaceX has done that in spades. Yet smart investors understand that early momentum does not always translate into smooth sailing down the road. Rather, extreme valuation expansion often creates elevated expectations that amplify volatility.
These patterns underscore how IPO pricing and early trading behavior serve as real-time gauges of collective optimism as opposed to reliable evidence of a company's sustained value creation.
Image source: The Motley Fool.
A look at IPO stocks after one year of trading Brad Gerstner is one of the most lauded investors in Silicon Valley. He's been an early backer of numerous unicorns in the tech space -- most recently, leading Anthropic's $65 billion Series H financing round. Gerstner's firm, Altimeter, recently published an insightful graphic that illustrates the returns of high-profile IPO stocks during different periods after they listed. Historical records of public listings comparable to SpaceX's paint a mixed picture.
Across the 30 companies in Altimeter's report, the median 12-month return was negative 9% while the average return was 14%. Less than half of the stocks in the cohort generated a positive return one year after going public.
This distribution highlights that gains tend to cluster among a smaller number of standout businesses. Perhaps even more telling is the year-one maximum drawdown data, which captures the deepest interim declines from peak prices. Most companies on the list experienced drawdowns of at least 40%, with the median and average drops both hovering around 55%.
Some specific cases highlight the range of outcomes. Palantir Technologies delivered a jaw-dropping 153% return at the 12-month mark, yet suffered a 53% drawdown at one point during that year. More recently, CoreWeave generated an 87% gain, but along the way endured a 65% decline.
By contrast, when Facebook (now Meta Platforms) went public in 2012, the stock declined by 31% over its first 12 months of trading and had a 54% maximum drawdown. Meanwhile, Uber fell 21%, with a drop of 68% at one point.
Taken together, these examples demonstrate that one-year performance post-IPO often varies widely, and that the most consistent feature of such stocks is volatility.
While nobody can say for certain where SpaceX stock will be trading next summer, applying the patterns explored above suggests its trajectory will likely combine meaningful upside potential with substantial interim swings likely to occur between earnings reports.
Given the company's innovative profile and the strong share demand, SpaceX could behave more like long-term outperformers such as Palantir, Meta, or CrowdStrike.
At the same time, the whole data set clearly indicates that nearly all comparable IPOs experience meaningful drawdowns from their peak prices within the first year of trading. With that in mind, smart investors should anticipate periods of sharp reversals even if the longer-term direction remains positive.
With only a small minority of recent high-profile tech IPOs in positive territory after one year of trading, the prudent outlook should center on volatility rather than steady, linear appreciation. Fundamentals, execution on key projects -- especially in AI -- and broader macro conditions will ultimately shape SpaceX's outcome. Above all else, history shows that a strong debut alone does not shield any stock from meaningful corrections along the way.
SpaceX employees react to companys IPO Employees at SpaceXs facility in Hawthorne, California, share their thoughts on the companys initial public offering. (Splash News for Fox News Digital)
SpaceX's record-setting IPO is creating a financial windfall for thousands of the company's current and former employees who received stock as part of their compensation.
Workers who hold stock in non-public companies are subject to restrictions that can keep them from selling those shares under most circumstances before an IPO occurs. Once the stock goes public, it starts a timeline under which they can begin to sell some of those shares as so-called "lock-up periods" gradually allow employees to sell shares in tranches that expand over time.
The ranks of SpaceX workers who will see an influx of wealth as a result of the IPO include not only those who design the rockets and satellites that have made the company famous, but also baristas, janitors and other workers who helped keep the company running.
FOX Business spoke with workers outside of SpaceX's facility in Hawthorne, California, about their plans for the monumental IPO turning into a reality.
SPACEX MAKES HISTORIC DEBUT; MUSK SOLIDIFIES STATUS AS WORLD'S FIRST TRILLIONAIRE
SpaceX workers and former employees who received stock options have an opportunity to cash in a windfall following the company's IPO. (Reuters/Veronica G. Cardenas/File Photo)
One SpaceX employee, who said that he's a process planner, said that he wants to "try to stay healthy" and that the IPO is "a beautiful thing… I mean, Elon is the best. Go Elon!"
Another SpaceX employee said that, "I've been a millionaire for a while, but it's always nice to have money. It'll be great when the lock-up period is out, of course, and we can actually sell some of it and that'll feel a little more into the wealth, but it's a great day."
Juan Hernandez, who previously worked as a welder at SpaceX, told CBS News that when he was first hired by the company in 2015 he was offered $10,000 in stock. He explained that it "wasn't a big deal" to him at the time and, "I didn't know it was gonna be this big, at this point."
Ticker Security Last Change Change % SPCX SPACE EXPLORATION TECHNOLOGIES CORP. 160.95 +25.95 +19.22% Hernandez, who now works at Blue Origin after a 10-year stint at SpaceX, told CBS that he has around 6,500 SpaceX shares that would represent a nearly $880,000 windfall based on the IPO listing price of $135 a share. He added that giving employees stock options encourages them to "perform a lot better because, I mean… it's their company as well."
He went on to tell the outlet that he wants to maintain a strong work ethic after the IPO and plans to keep working, and expressed gratitude to Musk for "making all these lives much better and meaningful for their families as well."
SpaceX founder and CEO Elon Musk became the world's first trillionaire following the IPO. (Suzanne Cordeiro/AFP via Getty Images)
SPACEX SET A NEW RECORD FOR IPOS: THESE ARE THE WORLD'S 5 LARGEST
The Wall Street Journal reported that J. André Lavoie, a 63-year-old former SpaceX engineer who moved to Italy five years ago, has shares valued at over $28 million based on the IPO price. Lavoie plans to use the funds to renovate a hotel he purchased and is considering helping others in the community transition from heating their homes with burning wood to cleaner heating sources.
"I don't want to just die with a pile of money in the bank," Lavoie told the Journal. He added that the rise in the value of the shares has caused him to reconsider his plans. "Every year the shares have been going up so radically it keeps messing up my life plans."
The Journal also spoke with 27-year-old Maryellen Musselman, who joined SpaceX in 2022 and worked on a ship used in retrieving rocket parts from the company's launches that splashed down off the coast of Florida.
Musselman used 10% of her pay to purchase additional shares during the two years she worked at SpaceX and said that while she's unsure of how quickly she'll look to sell, saying it'll likely be "an 11th-hour decision."
SpaceX's IPO was the largest in history, with a raise of about $75 billion. (Joe Skipper/Reuters)
SPACEX'S FIRST EMPLOYEE SAYS HISTORIC $1.7T IPO WILL BE 'LIFE-CHANGING' FOR THOUSANDS OF WORKERS
She wants to use the money to help her start a ship repair business in Chesapeake, Virginia, saying that, "Mariners are not usually stock owners in their companies, they're not always under benefits."
Tom Mueller, who was hired as SpaceX's first employee in 2002 and led projects including the Merlin Engine that powers the Falcon 9 rocket, the Raptor Engine that powers Starship and other key propulsion systems, told FOX Business' "The Claman Countdown" on Thursday that the IPO would be life-changing for employees.
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"Elon always said that 'Your salary is one thing, but it's the equity that's gonna be worth something.' And we are all like, 'Yeah, okay someday,'" Mueller said. "That day is here. It's great."
There were a lot of ways that SpaceX's initial public offering could have gone wrong. Instead, the company bucked Wall Street norms, pulled off the biggest IPO ever and raised $75 billion, according to a regulatory filing, while orchestrating a successful first day as a publicly traded company.
What are investors really buying when they buy SpaceX? Julie Hyman, Brian Sozzi, and Justus Parmar discuss the future of the space economy, Mars colonization, Rocket Lab, AI, and the long-term vision behind SpaceX.
The SpaceX initial public offering was expected to deliver the kind of drama usually reserved for a summer thriller. Instead, it proved to be something far more disappointing: rather ordinary.
A collective sigh of relief swept across Wall Street after trading for SpaceX's landmark Nasdaq launch went smoothly, setting a new template for the trading firms and exchanges that are bracing for the giant IPOs of OpenAI and Anthropic later this year.
The whirlwind Day One of public trading of SpaceX (SPCX +19.17%) shares has come to a close. If you like edge-of-your-seat excitement with lots of twists and turns, it was about as thrilling a day as you could ask for.
If you like big share price gains, it was more of a mixed bag.
Here's how Day One investors fared on the first trading day of SpaceX stock.
Image source: Getty Images.
IPO investors cashed in SpaceX offered an unprecedented amount of IPO shares to retail investors. More than 20% of the IPO shares were ultimately allocated to non-professional investors through five brokerages, priced at $135/share. With over $100 billion in demand, however, many investors only received a fraction of the shares they requested.
However, those who got ahold of them were already winners when the stock began public trading at 11:46 AM, debuting on the Nasdaq at $150/share. By 11:52 AM, about six minutes later, they had surpassed $160/share. At 11:55 AM, they briefly hit $168.75/share before dropping again. At 12:04 PM, they dropped to $155.42/share before heading back upward to peak for the day at $176.52/share at 1:10 PM.
The rest of the trading day, however, was a different story.
Later investors crashed out The share price had a slow and bumpy descent for most of the afternoon, bottoming out at $157.46/share at 3:53 PM, before rallying slightly to close at $160.95/share. That gives the company a $2.1 trillion market cap, which should make CEO Elon Musk one very happy trillionaire.
Today's Change
(
19.17
%) $
25.88
Current Price
$
160.88
Unfortunately for most investors, if you didn't manage to luck into some IPO shares, and you didn't buy during the first few minutes SpaceX shares were publicly trading, you probably lost money today. Because after 11:52 AM, the stock only spent about 17 minutes of the trading day below its ultimate closing price (12:03 PM to 12:05 PM, and 3:40 PM to 3:55 PM). And even then, it was less than $6/share below that closing price, so gains were minimal, though the stock did rise by a few percentage points in after-hours trading.
Even though the marquee number from SpaceX's first trading day shows the stock up 19.2%, it's important to remember that only IPO investors actually notched that much of a gain. Lightning-fast market investors who picked up shares at the opening price of $150/share would be up just 7.3% for the day, and those who waited just three minutes to buy shares at 11:49 AM are only up 1%. Most other investors are in the red.
Image source: Getty Images.
Of course, we here at the Fool are long-term investors, so we know that SpaceX's day one performance won't matter much in the long run. However, it can serve as a cautionary tale that hot stocks making big upward moves on hype alone -- like meme stocks or highly anticipated IPOs -- can only move upward for so long. Buying into such a stock too late is worse than not buying in at all.
And sometimes "too late" only takes three minutes to arrive.
CNBC's Jim Cramer said the successful debut of SpaceX could pave the way for more AI-related offerings and help create a more constructive backdrop for stocks. He said investors should watch housing starts, retail sales, and an analyst meeting from SLB for clues on interest rates.
The biggest IPO in history dropped this morning on the Nasdaq — a debut so big, our team thought it deserved its own bonus Equity podcast episode. On this special bonus episode of TechCrunch's Equity podcast, Senior Reporter Sean O'Kane called up our AI Editor Russell Brandom to help him break down the $2 trillion valuation, Elon Musk becoming the world's first trillionaire, and what it all means for Anthropic and OpenAI still waiting in the wings.
The biggest IPO in history dropped this morning on the Nasdaq — a debut so big, our team thought it deserved its own bonus Equity podcast episode.
On this special bonus episode of TechCrunch’s Equity podcast, Senior Reporter Sean O’Kane called up our AI Editor Russell Brandom to help him break down the $2 trillion valuation, Elon Musk becoming the world’s first trillionaire, and what it all means for Anthropic and OpenAI still waiting in the wings.
Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You can also follow Equity on X and Threads, at @EquityPod.
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Theresa Loconsolo is an audio producer at TechCrunch focusing on Equity, the network’s flagship podcast. Before joining TechCrunch in 2022, she was one of 2 producers at a four-station conglomerate where she wrote, recorded, voiced and edited content, and engineered live performances and interviews from guests like lovelytheband. Theresa is based in New Jersey and holds a bachelors degree in Communication from Monmouth University.
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CNBC's Jim Cramer said Friday that it's not too late for investors to buy SpaceX after its blockbuster debut— but only if they're willing to view the stock as a long-term bet on the future rather than a traditional investment.
"Is it too late to get into SpaceX?" the "Mad Money" host said. "If you're willing to look at this as a different kind of stock, not a short or even medium term investment ... then you've got my blessing."
SpaceX debuted on the Nasdaq on Friday, opening at $150 per share but surging as high as $176. Elon Musk's rocket company closed the session with a market cap of $2.1 trillion. The powerful rally quickly reignited concerns that the stock's valuation may have outrun its current financial performance. Cramer, however, said that investors are not buying SpaceX solely for what it earns today.
"This is a long-term call on space exploration," Cramer said.
Rather than focusing on current losses and cash outflows, Cramer argued that many investors are buying into Elon Musk's long-term vision and a pipeline of projects that may take years to fully materialize.
"I think they've considered the risk and recognized that there could be losses as far as the eye can see," he said.
That willingness to look beyond near-term financial results helps explain the stock's strong debut, according to Cramer. While skeptics have questioned the company's valuation, he said shareholders are focused on the possibility that SpaceX's future opportunities could be far larger than what is currently reflected in its business.
For investors who share that outlook, Cramer said pullbacks should be viewed as opportunities rather than reasons to abandon the stock.
"If it comes down, then you should buy more because the upside is conceivably unfathomable," he said.
Cramer also praised the handling of the IPO by Goldman Sachs and Morgan Stanley, saying the two leading banks on the deal struck a balance between institutional and retail demand, while avoiding the kind of chaotic first-day surge that can create problems later. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns shares of Goldman.
"The stock opened at a reasonable price versus the IPO price, not so high that it would encourage flipping but not that low as to foment panic," he said. "That's amazing."
XPRIZE Foundation founder Peter Diamandis celebrates SpaceX's successful IPO debut, which made Elon Musk the world's first trillionaire, on ‘The Claman Countdown.'
Allspring Global Investments Holdings LLC boosted its holdings in shares of Coterra Energy Inc. (NYSE: CTRA) by 13.8% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 370,188 shares of the company's stock after buying an additional 44,856
NEW YORK, April 06, 2026 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating
European Wax Center, Inc. (NASDAQ: EWCZ) related to its sale to General Atlantic. Under the terms of the proposed transaction, European Wax shareholders are expected to receive $5.80 per share in cash.
ACT NOW. The Shareholder Vote is scheduled for May 7, 2026.
Click here for more information https://monteverdelaw.com/case/european-wax-center-inc/. It is free and there is no cost or obligation to you.
Stellar Bancorp, Inc. (NYSE: STEL) related to its sale to Prosperity Bancshares, Inc. Under the terms of the proposed transaction, Stellar shareholders are expected to receive 0.3803 shares of Prosperity common stock and $11.36 in cash for each share of Stellar common stock.
Click here for more information https://monteverdelaw.com/case/stellar-bancorp-inc/. It is free and there is no cost or obligation to you.
Rallybio Corporation (NASDAQ: RLYB) related to its merger with Candid Therapeutics, Inc. Upon completion of the proposed transaction, Rallybio shareholders are expected to own approximately 3.65% of the combined company.
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Coterra Energy, Inc. (NYSE: CTRA) related to its sale to Devon Energy Corporation. Under the terms of the proposed transaction, Coterra shareholders will receive 0.70 of a share of Devon common stock for each share of Coterra common stock.
ACT NOW. The Shareholder Vote is scheduled for May 4, 2026.
Click here for more info https://monteverdelaw.com/case/coterra-energy-inc/. It is free and there is no cost or obligation to you.
NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:
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Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court.
No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.
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Attorney Advertising. (C) 2026 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transactions may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
European Wax Center, Inc. (NASDAQ: EWCZ)'s sale to General Atlantic for $5.80 per share in cash. If you are a European Wax shareholder, click here to learn more about your legal rights and options.
Stellar Bancorp, Inc. (NYSE: STEL)'s sale to Prosperity Bancshares, Inc. for 0.3803 shares of Prosperity common stock and $11.36 in cash for each share of Stellar common stock. If you are a Stellar shareholder, click here to learn more about your legal rights and options.
Rallybio Corporation (NASDAQ: RLYB)'s merger with Candid Therapeutics, Inc. Upon completion of the proposed transaction, Rallybio shareholders are expected to own approximately 3.65% of the combined company. If you are a Rallybio shareholder, click here to learn more about your rights and options.
Coterra Energy Inc. (NYSE: CTRA)'s sale to Devon Energy Corporation for 0.70 share of Devon common stock for each share of Coterra common stock. If you are a Coterra shareholder, click here to learn more about your legal rights and options.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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Q1 2026 was an exceptional quarter for energy stocks thanks to war in the Middle East, but Q2 2026 is not guaranteed to step in its footsteps. Energy prices can go higher and push the sector higher, but they do not have to if the U.S. can neutralize Iran's ability to project force. While energy stocks are benefiting from the fighting in the short term, it may actually come back to hurt them in the long run.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Coterra Energy Inc. (NYSE: CTRA) to Devon Energy Corporation (NYSE: DVN). Under the terms of the proposed transaction, shareholders of Coterra will receive 0.70 share of Devon common stock for each share of Coterra that they own. KSF is seeking to determine whether this consideration and the process.
Ashton Thomas Private Wealth LLC raised its position in Coterra Energy Inc. (NYSE:CTRA – Free Report) by 30.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 358,273 shares of the company’s stock after purchasing an additional 84,623 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Coterra Energy were worth $9,430,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in Coterra Energy by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock worth $1,438,000 after purchasing an additional 398 shares during the period. KLCM Advisors Inc. raised its position in Coterra Energy by 4.2% in the 3rd quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock worth $233,000 after purchasing an additional 400 shares during the period. Pinnacle Associates Ltd. raised its position in Coterra Energy by 2.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 15,336 shares of the company’s stock worth $363,000 after purchasing an additional 415 shares during the period. Profund Advisors LLC raised its position in Coterra Energy by 1.4% in the 3rd quarter. Profund Advisors LLC now owns 30,969 shares of the company’s stock worth $732,000 after purchasing an additional 418 shares during the period. Finally, AAFMAA Wealth Management & Trust LLC raised its position in Coterra Energy by 1.0% in the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 43,009 shares of the company’s stock worth $1,017,000 after purchasing an additional 429 shares during the period. 87.92% of the stock is owned by hedge funds and other institutional investors.
Coterra Energy Stock Performance Shares of NYSE:CTRA opened at $33.50 on Monday. The firm has a market cap of $25.44 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.49 and a beta of 0.29. The firm’s 50 day simple moving average is $32.61 and its 200-day simple moving average is $28.42. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $36.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19.
Coterra Energy Announces Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. Coterra Energy’s dividend payout ratio (DPR) is 38.60%.
Wall Street Analysts Forecast Growth CTRA has been the topic of a number of recent analyst reports. Scotiabank increased their price objective on shares of Coterra Energy from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Barclays raised their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Susquehanna raised their target price on shares of Coterra Energy from $34.00 to $40.00 and gave the stock a “positive” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Finally, Texas Capital lowered shares of Coterra Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.13.
Check Out Our Latest Stock Report on CTRA
Coterra Energy Profile (Free Report)
Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.
Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.
Further Reading Five stocks we like better than Coterra Energy
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Arizona State Retirement System lessened its position in shares of Coterra Energy Inc. (NYSE: CTRA) by 7.0% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,336 shares of the company's stock after selling 15,676 shares during the period. Arizona State Retirement
Chord Energy Corporation (CHRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
, /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV) will replace Coterra Energy Inc. (NYSE: CTRA) in the S&P 500 effective prior to the opening of trading on Thursday, May 7. S&P 500 constituent Devon Energy Corp. (NYSE: DVN) is acquiring Coterra Energy in a deal expected to close soon, pending final closing conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date
Index Name
Action
Company Name
Ticker
GICS Sector
May 7, 2026
S&P 500
Addition
Veeva Systems
VEEV
Health Care
May 7, 2026
S&P 500
Deletion
Coterra Energy
CTRA
Energy
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CNX Resources Corporation. (NYSE: CNX - Get Free Report) Director Maureen Lally-Green sold 23,631 shares of CNX Resources stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $39.52, for a total value of $933,897.12. Following the transaction, the director directly owned 169,577 shares of the company's stock, valued
Investors looking for stocks in the Oil and Gas - Exploration and Production - United States sector might want to consider either CNX Resources Corporation. (CNX) or Coterra Energy (CTRA).
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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.93% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: CNX Resources Corporation. (CNX - Free Report) Founded in 1860, CNX Resources Corporation is an independent oil and gas exploration and production company formed after the separation of CONSOL’s Exploration and Production (E&P) and Pennsylvania Mining Operations into two independent companies. The natural gas-focused company retained the old ticker symbol, while the coal-focused company retained the old company's name.
CNX is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 14.42; value investors should take notice.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.30 to $2.67 per share. CNX also boasts an average earnings surprise of +43.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CNX should be on investors' short list.
, /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q1 2026 at 6:45 a.m. Eastern Time on Thursday, April 30. At that time, CNX will issue a brief press release containing links to its prepared remarks for the quarter, presentation materials, and supplemental information providing a Q1 2026 update. These materials will be available on CNX's Investor Relations website.
This release will be followed by a Q&A conference call and webcast.
Q&A Conference Call Information
CNX Resources (NYSE: CNX)
10:00 a.m. ET: Thursday, April 30 Dial-In: 855-656-0928 (domestic) 412-902-4112 (international) Reference "CNX Resources Call" Webcast: investors.cnx.com A replay of the Q&A conference call and webcast will be maintained on the Investor Relations page on CNX's website.
About CNX Resources
CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 162-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2025, CNX had 9.7 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.
