Ondas stock is moving in positive territory. Why is ONDS stock advancing? The OrdersThe June awards include Counter-UAS solutions, Loitering Munition Systems, ground systems, and related defense services from governmental and defense customers across multiple international markets. The new orders build on more than $30 million secured during May, reflecting accelerating demand for Ondas’ integrated autonomous defense platform across Europe and the United States.
“June new orders demonstrate the increasing demand for autonomous defense technologies capable of addressing the realities of modern warfare,” said Eric Brock, Chairman and CEO. “Counter-UAS has become an urgent priority for governments around the world as drone threats continue to accelerate, and we are now seeing the next major wave of demand forming around Loitering Munition Systems and affordable long-range precision engagement.”
The SkyLance TrialA key development within the quarter was Rotron Aerospace, Ondas’ wholly owned UK-based subsidiary, completing a successful flight trial of its SkyLance system under the UK Ministry of Defence’s Project Brakestop, a Taskforce Kindred-funded program focused on advancing next-generation long-range strike capability.
SkyLance is a one-way-effect system designed to combine substantial operational range with precision engagement capability. The successful trial validated core technologies supporting the platform and demonstrated Rotron’s ability to rapidly deliver advanced capability in support of sovereign UK defense priorities. The system is designed, developed and manufactured entirely in the United Kingdom.
Ondas Shares Edge HigherONDS Price Action: At the time of publication, Ondas shares are trading 2.48% lower at $9.03, according to data from Benzinga Pro.
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Key Takeaways Ukraine launched more than 200 drones into Russia, disrupting Moscow airports and a major oil refinery.Redwire is the top holding in Defiance Drone and Modern Warfare ETF; Ondas and Red Cat rank high. Ondas and AeroVironment are the top two holdings in the REX Drone ETF. The long-running war between Russia and Ukraine escalated fiercely last week when Ukraine launched its largest-ever drone assault against Russia, directly targeting the capital city of Moscow and its critical infrastructure. Over 200 Ukrainian drones penetrated deep into Russian territory, disabling a major oil refinery and forcing Moscow airports to suspend operations.
This unprecedented wave of aerial warfare, once again reflecting a fundamental shift in modern military strategy, has placed a sharp global spotlight on drone manufacturers, particularly those directly involved in these active hostilities, and the exchange-traded funds (ETFs) that hold them.
To understand how this strategy of using powerful, lethal drones these days is impacting the financial markets, investors must look closely at the specific companies enabling these drone deployments and analyze the overall outlook for the uncrewed systems industry.
Companies Arming the Unmanned FrontlinesSeveral key publicly traded companies are already experiencing surging demand and appear well positioned for sustained growth, thanks to their direct involvement or close technological partnerships with Ukraine. These stocks are:
Red Cat Holdings (RCAT - Free Report) : This Puerto Rican drone manufacturer is a strategic partner of Spetstechnoexport (STE), a state-owned enterprise under Ukraine’s Ministry of Defense that serves as a key integrator of Ukraine’s defense technology ecosystem. It is actively co-developing small First-Person View (FPV) strike drones and autonomous swarming software built directly from real-time combat telemetry.
Redwire Corporation (RDW - Free Report) : Its Penguin family of UAS has been specifically designated for Ukraine, used as a major component of Ukraine’s defense against Russia since 2022. As of June 2026, Redwire delivered more than 200 combat-proven Penguin UAS to the Ukraine Armed Forces.
AeroVironment (AVAV - Free Report) : This company is a key supplier of unmanned aerial systems (UASs) and loitering munitions to Ukraine. AVAV’s Switchblade and Puma drone systems have been widely utilized by Ukrainian forces for tactical reconnaissance and precision strikes. During the third quarter of fiscal 2026, AVAV won a contract worth $874 million from the US Army for its UAS and counter-UAS product lines to support foreign military sales demand. Ukraine, still being a U.S. ally, should benefit from this contract in terms of procuring these UAS and counter-UAS from AVAV.
Ondas Holdings (ONDS - Free Report) : This autonomous systems provider announced in December 2025 its intent to invest up to $11 million in Drone Fight Group, a Ukrainian developer of advanced unmanned aerial systems, to support battle-tested Ukrainian defense technologies. To expand its production capacity globally, particularly in Europe, ONDS has formed a joint venture with an initial focus on Germany and Ukraine that combines Ondas Autonomous Systems’ counter-UAS and ISR technologies with Heidelberg’s industrial scale and European production footprint.
Outlook for the Drone IndustryThe explosive events in Moscow reflect only a part of a broader shift in global military strategy. As next-generation drones eliminate the risk of friendly casualties while inflicting devastating damage on the enemy, widespread geopolitical instability is driving massive global demand.
Even companies not directly active in Eastern Europe are seeing historic tailwinds due to rising friction in the Indo-Pacific and the Middle East. For example, DroneShield Limited, an Australian defense technology company specializing in counter-drone systems, is seeing solid demand lately for its counter-drone, radio-frequency jamming guns as militaries worldwide scramble to protect their airspace from cheap, weaponized consumer drones.
With countries racing to build massive, autonomous uncrewed fleets, the economics of warfare have permanently tilted toward high-impact drone swarms. Consequently, the growth prospects of the drone industry are immensely bright for the next few years. Valued at $47.4 billion, by the end of 2025, the global military drone market is projected to grow to $98.2 billion by 2033 at an 8.9% CAGR, as per GrandView Research.
Drone ETFs in SpotlightConsidering the growth prospects offered by the global military drone market, the spotlight is on the following drone ETFs:
Defiance Drone and Modern Warfare ETF (JEDI - Free Report)
This fund, with net assets worth $163.2 million, offers exposure to 45 publicly traded companies from developed markets that generate significant revenue from the drone and modern warfare industry. RDW holds the first position in this fund, with 12.26% weightage, while ONDS holds the third position, with 7.14% weightage. RCAT holds the seventh spot in this fund, with 4.83% weightage.
The fund charges 69 basis points (bps) as fees. JEDI traded at a volume of 0.28 million shares in the last trading session.
REX Drone ETF (DRNZ - Free Report)
This fund, with net assets worth $107.8 million, offers exposure to 51 companies that derive at least 50% of their revenues from drones and UAV or enabling technologies. ONDS holds the first position in this fund, with 13.35% weightage, while AVAV holds the second position, with 12.69% weightage. DroneShield holds the fifth position in this fund, with 5.60% weightage, while RCAT holds the seventh position, with 5.05% weightage
The fund charges 65 bps as fees. DRNZ traded at a volume of 0.17 million shares in the last trading session.
Defiance 2X Daily Long Pure Drone and Aerial Automation ETF (DRNL - Free Report)
This fund, with net assets worth $0.67 million, offers exposure to 14 companies directly involved in drone manufacturing, drone software and avionics, aerial automation, autonomous flight systems, and electric vertical take-off and landing (eVTOL) technologies. Joby Aviation holds the first position in this fund, with 20.71% weightage. ONDS holds the eighth position in this fund, with 17.10% weightage, while RCAT holds the 10th position, with 16.82% weightage.
The fund charges 131 bps as fees. DRNL traded at a volume of 0.03 million shares in the last trading session.
Comstock Holding Companies, Inc. (CHCI - Free Report) shares have climbed 47.1% in the past year compared with the industry’s 5.2% growth. The company has outperformed other industry players, including LGI Homes, Inc. (LGIH - Free Report) and Persimmon Plc (PSMMY - Free Report) . Shares of LGI Homes have rallied 10.6%, while Persimmon stock has declined 20.1% in the same time frame. Comstock benefits from recurring fee-based revenues, strong occupancy, robust mixed-use development demand, an asset-light, debt-free model and expanding AI infrastructure opportunities.
Image Source: Zacks Investment Research
A Key Look Into CHCI’s Business OperationsComstock is a leading Washington, D.C.-area real estate services firm specializing in the management, development, and operation of mixed-use, transit-oriented properties. Since 1985, the company has acquired, developed, operated, and sold millions of square feet of residential, commercial, and mixed-use assets, with flagship developments including Reston Station and Loudoun Station along Metro’s Silver Line. CHCI provides a full range of services, including asset and property management, development and construction management, leasing, marketing, acquisitions, dispositions, and strategic investment consulting, serving institutional investors, family offices, financial institutions and public-sector partners. The company manages a diversified portfolio of commercial, residential, hospitality, parking and security-related assets.
Comstock’s Key TailwindsComstock benefits from a highly resilient asset-light and debt-free operating model that generates recurring fee income through long-term asset management, property management, development and construction management contracts. The company’s 2022 Asset Management Agreement covering its anchor portfolio provides stable revenue with cost-plus protection, reducing downside risk.
The company continues to expand its managed portfolio, creating a larger base of recurring revenue streams. In the first quarter of 2026, assets under management increased 32% year over year, while revenues rose 38%. Commercial and residential portfolios maintained strong occupancy levels of 93% and 94%, respectively, demonstrating healthy demand for Comstock-managed properties. Growing contributions from asset management, property management, and ParkX services provide revenue diversification and improve earnings visibility, supporting sustainable long-term growth.
Comstock is broadening its service offerings beyond traditional real estate management, creating additional fee-generating opportunities. Recent initiatives include assuming management of the 1.4 million-square-foot Dulles Town Center Mall and expanding ParkX into hospitality and food-and-beverage management through Starbucks locations at Reston Station and Loudoun Station. These initiatives deepen client relationships, diversify revenue sources, and enhance the company’s vertically integrated operating platform, strengthening its competitive position in the Washington, D.C. region.
The company is benefiting from continued demand for premium mixed-use, transit-oriented developments. Projects such as BLVD Haley, Ebbitt House, and the JW Marriott Residences at Reston Station are driving leasing activity and monetization opportunities. The JW Marriott Residences generated more than $12 million of sales in the first quarter of 2026 and nearly $90 million since launch, underscoring strong demand for luxury residential offerings. Additionally, ongoing retail leasing and experiential tenants continue to enhance the attractiveness and value of Comstock’s flagship destinations.
Comstock is positioning itself to capitalize on the rapidly growing AI infrastructure market through its Oklahoma data center joint venture with Jericho Energy Ventures. The venture combines large-scale development expertise with access to land, power, water and energy infrastructure to serve hyperscale data center demand. Simultaneously, the company’s Institutional Venture Platform enables it to partner with institutional investors and pursue high-quality acquisitions such as Woodland Pointe, creating new avenues for fee income, development profits, and long-term value creation while limiting capital intensity.
Challenges Persist for CHCI’s BusinessComstock remains highly dependent on the performance of the Washington, D.C. metropolitan real estate market, particularly large mixed-use developments such as Reston Station and Loudoun Station, making it vulnerable to regional economic slowdowns, weaker office demand, or changes in work-from-office trends. Additionally, leasing risk, tenant concentration at certain assets, rising operating costs, competition from larger real estate service providers, and execution risks associated with expanding into new areas such as mall management and data-center development could pressure profitability and limit future growth opportunities.
Comstock’s ValuationFrom a valuation perspective, Comstock appears relatively expensive. Currently, CHCI is trading at 1.92X trailing 12-month EV/sales value, above the industry’s average of 0.94X. The metric also remains higher than the company’s peers, including LGI Homes (1.71X) and Persimmon (0.92X).
Image Source: Zacks Investment Research
ConclusionComstock benefits from a resilient asset-light, debt-free operating model, growing recurring fee income, strong occupancy levels, and expanding opportunities in AI infrastructure and institutional partnerships. However, its reliance on the Washington, D.C. real estate market, leasing and tenant concentration risks, rising costs and competitive pressures could weigh on future growth and profitability.
Also, its valuation is higher than the industry average. For long-term investors, CHCI’s strong fundamentals may justify holding the stock, but investors looking to add the stock to their portfolios may want to wait for a better entry point.
RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) ("Comstock" or the "Company"), a leading asset manager, developer, and operator of mixed-use, transit-oriented properties and large-scale infrastructure developments in the Washington, D.C. region, announced today that David Z. Hirsh has been appointed to its Board of Directors and will serve an initial term that expires at the Company's 2027 Annual Meeting of Stockholders.
Mr. Hirsh is a seasoned real estate investor with more than 30 years of experience across all major real estate product types in most major U.S. markets. He is a former Managing Director at Blackstone Inc., where he spent approximately 16 years in the firm's Real Estate Asset Management Group until his retirement in January 2018. During his tenure at Blackstone, his responsibilities included the day-to-day oversight and strategic management of Equity Office Properties, IndCor Industrial Properties, and the LXR Hotels and Resorts portfolio, as well as several investments in the retail and senior housing sectors. Prior to joining Blackstone, Mr. Hirsh spent approximately 15 years at Citigroup Inc., including six years in real estate asset management, where he led the hotel group, and five years in corporate finance specializing in corporate real estate and project lending.
Mr. Hirsh currently serves as an independent director and Chair of the Audit Committee of Seaport Entertainment Group Inc. (NYSE: SEG) and previously served on the board of directors for SILVERspac Inc. (Nasdaq: SLVR) from 2021 to 2023. He is currently an Independent Advisor to Town House Partners, a global real estate industry consulting provider, and from 2022 to 2024 served as Vice Chairman of Sterling Investors, a real estate investment firm that he joined in 2020 as a Strategic Advisor. Mr. Hirsh is also an Adjunct Professor and Vice Chair of the Advisory Board at the New York University Schack Institute of Real Estate.
"We are thrilled to welcome David, an accomplished real estate leader with deep institutional investment experience to our Board," commented Christopher Clemente, Chairman and Chief Executive Officer of Comstock. "His extensive background in commercial real estate and capital markets will be an invaluable asset to our leadership team."
Mr. Hirsh has been involved in several philanthropic efforts over his distinguished career, including leadership roles at non-profit organizations like the THANC Foundation and CaringKind, as well as trustee positions at Pace University and the Madison Square Park Conservancy. He earned a B.B.A. in Public Accounting from Pace University and an M.S. in Real Estate Development and Investment from New York University.
"Having spent my career in institutional real estate, I have sincere appreciation for what Comstock has built and accomplished," added Mr. Hirsh. "I'm excited to join the Board and work with their dynamic leadership team to help guide the Company's continued growth."
About Comstock
Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use, transit-oriented properties and large-scale infrastructure developments in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the Mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.
VIRGINIA CITY, Nev., June 22, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock,” “our” and the “Company”), today announced that it has executed a Securities Purchase Agreement (the “SPA”) to sell 100% of its mineral, mining, processing and related mining district real estate entities to Mackay Precious Metals Inc. (“Mackay”), a wholly owned subsidiary of Mackay Gold & Silver Corp., for an aggregate transaction value of over $45 million, consisting of over $30 million in cash and stock payments, a retained 1.5% NSR royalty, the assumption of all reclamation obligations and liabilities, and an additional contingent future payment of $10 million. Mackay will acquire 100% of four Comstock subsidiaries: Comstock Mining LLC, Comstock Processing LLC, Comstock Exploration and Development LLC, and Comstock Real Estate Inc., including all patented and unpatented mining claims, town lots, processing facilities, operating permits and water rights.
“This transaction achieves a critical milestone in our transformation from a hard rock, junior mining company to our growing, global, renewable metals and materials company, that potentially unlocks high value for our shareholders, delivers and reallocates non-dilutive capital to fund that growth, simplifies our business model and reduces costs while retaining real upside through both equity in MACK and potential future NSR royalties,” stated Corrado De Gasperis, Comstock’s CEO. “Mackay has now assembled a historic, world-class district with highly sophisticated capital partners, board members and management, coupled with a geological development plan that we support and remain vested in, to potentially unlock the discovery of millions of gold and silver ounces and the associated potential share value across the entirety of the historic mining district. We support all of Darwin’s and the Mackay team’s plans.”
Upon closing, the Company will have received $20 million in cash, plus 2 million shares of Mackay Gold & Silver (TSXV: MACK, OTCQB: MKGSF) valued at over $3.5 million at recent prices. A secured, second-tranche cash payment of $7 million is due within 18 months. Mackay may elect to satisfy up to $2 million of the second-tranche payment through the issuance of additional Mackay Gold & Silver Corp. shares, subject to the pricing thresholds and conditions set forth in the SPA. All reclamation obligations and liabilities will be assumed by the sold entities and all associated reclamation and surety bond deposits and collateral will also be assigned and remain with the sold entities.
Comstock expects the divestiture to reduce ongoing costs associated with maintaining these mining assets, permits, environmental compliance obligations and related activities, resulting in over $1.5 million in annualized savings.
The Company will also retain a 1.5% NSR royalty from sales of silver, gold, and all other valuable minerals and products extracted from these properties, subject to the terms of the Royalty Agreement. Mackay has the option to repurchase the royalty at any time for $3.5 million in cash. Comstock will further share in the success of Mackay’s exploration and development activities through a contingent payment of $10 million if, within seven years following closing, (i) Mackay makes a decision to proceed with the construction of a mine on any of the properties, or (ii) Mackay is sold, merged, or otherwise participates in a change-of-control transaction with aggregate consideration of at least $500 million. If the contingent payment does not occur, the value of the NSR buy-out doubles to $7 million.
This transaction follows Mackay’s very successful lease of Comstock’s Northern Targets starting in June 2023, and the purchase of those properties in December 2024 for a total value of $3.85 million. Over the life of these transactions, Comstock received approximately $8 million when adding prior lease payments and reimbursed expenses to the sale.
About Comstock Inc.
Comstock Inc. (NYSE: LODE) innovates and commercializes technologies, systems and supply chains that enable, support and sustain clean energy systems by efficiently, effectively, and expediently extracting and converting under-utilized natural resources into reusable metals, like silver, aluminum, gold, and other critical minerals, primarily from end-of-life photovoltaics.
To learn more, please visit www.comstock.inc.
Comstock Social Media Policy
Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its X.com, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Contacts
For investor inquiries:
Judd B. Merrill, Chief Financial Officer
Tel (775) 413-6222 [email protected]
For media inquiries:
Zach Spencer, Director of External Relations
Tel (775) 847-7573 [email protected]
Forward-Looking Statements
This press release and any related calls or discussions may include 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. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “forecast,” “seek,” “target,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: expectations regarding the completion of the proposed securities offering, future market conditions; future explorations or acquisitions, divestitures, spin-offs or similar distribution transactions; future changes in our research, development and exploration activities; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: sales of, and demand for, our products, services, and/or properties; industry market conditions, including the volatility and uncertainty of commodity prices; the speculative nature, costs, regulatory requirements, and hazards of natural waste resource identification, exploration, development, availability, recycling, extraction, processing, and refining activities, including operational or technical difficulties, and risks of diminishing quantities or insufficiency of grades of qualified resources; changes in our planning, exploration, research and development, production, and operating activities; research and development, exploration, production, operating, and other variable and fixed costs; throughput rates, margins, earnings, debt levels, contingencies, taxes, capital expenditures, net cash flows, and growth; restructuring activities, including the nature and timing of restructuring charges and the impact thereof; employment and contributions of personnel, including our reliance on key management personnel; the costs and risks associated with developing new technologies; our ability to commercialize existing and new technologies; the impact of new, emerging, and competing technologies on our business; the possibility of one or more of the markets in which we compete being impacted by political, legal, and regulatory changes, or other external factors over which we have little or no control; the effects of mergers, consolidations, and unexpected announcements or developments from others; the impact of laws and regulations, including permitting and remediation requirements and costs; changes in or elimination of laws, regulations, tariffs, trade, or other controls or enforcement practices, including the potential that we may not be able to comply with applicable regulations; changes in generally accepted accounting principles; adverse effects of climate changes, natural disasters, and health epidemics, such as the COVID-19 outbreak; global economic and market uncertainties, changes in monetary or fiscal policies or regulations, the impact of terrorism and geopolitical events, volatility in commodity and/or other market prices, and interruptions in delivery of critical supplies, equipment and/or raw materials; assertion of claims, lawsuits, and proceedings against us; potential inability to satisfy debt and lease obligations, including because of limitations and restrictions contained in the instruments and agreements governing our indebtedness; our ability to raise additional capital and secure additional financing; interruptions in our production capabilities due to equipment failures or capital constraints; potential dilution from stock issuances, recapitalization, and balance sheet restructuring activities; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to maintain the listing of our securities on any securities exchange or market; and our ability to implement additional financial and management controls, reporting systems and procedures and comply with Section 404 of the Sarbanes-Oxley Act, as amended. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund, or any other issuer.
Creates the largest consolidated mining claim package in the Comstock District's 167-year history, expanding Mackay's land position by 70% to 4,343 hectares (43 km²)
Unites the district's three major vein systems, the Silver City Lode, Occidental-Brunswick Lode and Comstock Lode, under single ownership for the first time
Adds two oxide gold-silver deposits supported by recent S-K 1300 historical estimates, plus numerous historical past-producing gold-silver mines
Includes a permitted heap-leach and Merrill-Crowe processing facility providing future development optionality
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2026) - Mackay Gold & Silver Corp. (TSXV: MACK) (OTCQB: MKGSF) ("Mackay" or the "Company") is pleased to announce that it has entered into a definitive agreement with Comstock Inc. ("Comstock") for the purchase of 100% of Comstock's mining assets in Storey County and Lyon County Nevada, referred to herein as the Silver City Lode properties ("SCL Properties"). The acquisition expands Mackay's total land holdings by 70% to 4,343 ha (43 km2), consolidating the largest property package held by one company in Comstock District history.
Consideration will consist of US$20 million in cash and 2,000,000 common shares of Mackay ("Mackay Shares") on closing, followed by a further US$7 million payable within 18 months in a combination of cash and shares, plus contingent future consideration as detailed later in this press release. With a balance sheet of over US$60M, Mackay is fully financed to make all cash payments while retaining a very strong treasury to fund the Company's ongoing exploration objectives.
The SCL Properties are contiguous with the southern boundary of Mackay's existing land package, covering the entire, multi-kilometer strike length of the Silver City Lode and its southern projection into Spring Valley (Figure 1). The SCL Properties include numerous historical past-producing gold-silver mines and two established oxide gold-silver deposits with historical resource estimates dating to 2022, completed pursuant to the US S-K 1300 standards, as detailed below. The SCL Properties also include a permitted mine and processing infrastructure at American Flats.
"Land consolidation has been central to unlocking modern exploration of the Comstock District. By removing the property boundaries that have long fragmented this camp, we can test targets and structural continuations that previous operators could never pursue. This is a district that historically produced a large amount of gold and silver at very high grades, and that has seen remarkably little modern exploration, a rare combination that offers an attractive opportunity for significant new discoveries," stated Darwin Green, CEO and Director of Mackay. "In this one transaction, we are simultaneously unifying the main lodes (veins) in the Comstock District under single ownership for the first time, adding significant ounces and infrastructure, and de-risking the future of the project by securing development site optionality. As we integrate this new highly prospective land package into our medium to long-range exploration planning, the near-term focus for Mackay remains squarely on our initial 20,000-meter drilling program at the Occidental-Brunswick Lode that is just now getting underway."
Figure 1. Claim map of Mackay Gold & Silver Corp's mineral tenures in the historic Comstock District, Nevada, highlighting newly acquired ground from Comstock Inc.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12351/302311_af53637cc4513b24_001full.jpg
Historical Resources
The SCL Properties host two oxide gold-silver deposits with historical resource estimates prepared by previous owners in 2022. These include the Lucerne Deposit located on the Silver City Lode and the Dayton Deposit located approximately one mile south of the Lucerne Deposit along the interpreted southern projection of the Silver City Lode.
CategoryTonsAu GradeAg GradeContained
AuContained
Ag(oz/ton)(gpt)(oz/ton)(gpt)(ounces)(ounces)Measured2,650,0000.031.030.2528.6380,000670,000Indicated7,620,0000.0280.960.196.51213,0001,450,000Inferred3,740,0000.0240.820.1294.4290,000480,000Total Lucerne and Dayton Consolidated
CategoryTonsAu GradeAg GradeContained
AuContained
Ag(oz/ton)(gpt)(oz/ton)(gpt)(ounces)(ounces)Total M & I24,388,0000.0250.850.248.32605,0005,880,000Total Inferred13,229,0000.0230.770.196.65297,0002,572,000Tons = US short tons
oz/ton = ounce per US short ton
gpt = gram per metric tonne
The Lucerne and Dayton Deposit resource estimates disclosed above are historical in nature and are treated as historical estimates under National Instrument 43-101 - Standards of Disclosure for Mineral Estimates ("NI 43-101"). A Qualified Person (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Mackay is not treating the historical estimate as current mineral resources, and the historical estimate should not be relied upon. It is being shared strictly for informational purposes. The Company believes that the historical estimate is relevant to an appraisal of the merits of the SCL Properties and forms a basis upon which to develop future exploration programs. While the historical estimate has not been independently verified by the Company, the public disclosure of the data and its preparation in accordance with S-K 1300 indicates that the historical estimate was prepared to a reasonably high standard.
The Lucerne estimate was prepared by Mine Development Associates ("MDA"), a division of RESPEC, in a technical report summary dated March 16, 2022. The estimated resource for the Lucerne Deposit is constrained within an open pit and reported at a cutoff grade of 0.005 ounces ("oz") gold ("Au") per ton. Pit design and cutoff grade are based on a gold price of $1,750/oz. The resource is based on data that includes 88,786 gold assays and 89,236 silver assays from a total of 477,099 feet of drilling (1,045 reverse circulation holes, 407 core holes, and 402 air track holes). Interpolation dominantly utilized inverse distance to the power of four (ID4).
The Dayton Deposit resource estimate was prepared by Behre Dolbear in a technical report summary dated November 1, 2022. The estimated mineral resource is constrained within an open pit economic shell based on a gold price of $1,800 per ounce and reported at a cutoff grade of 0.007 oz gold per ton.
The estimates and technical reports for the Lucerne and Dayton deposits were prepared in accordance with the disclosure and reporting requirements of the United States Securities and Exchange Commission's mining rules under subpart 1300 and item 601 (96)(iii) of Regulation S-K. While S-K 1300 and CIM standards utilized under NI43-101 are similar, including use of the same resource classification labels, potential differences exist.
In order to verify the historical estimate to a current mineral resource estimate, the Company will need to retain a Qualified Person to verify historical drilling and assaying methods and validate historical results, revise for current metal prices, add any drilling and assaying or other pertinent geological information generated since the last estimation, and complete a mineral resource estimate and a new technical report. There can be no assurance that any of the historical estimates, in whole or in part, will ever become economically viable.
American Flats Facilities
The fully permitted process facilities located at American Flats include a two-stage crushing circuit, including agglomeration drum and stacker, a heap leach facility, and a Merrill Crowe processing facility (~4,500 tpd). These facilities operated between 2012 and 2016, and since this time have been on care and maintenance.
A reclamation surety bond totalling approximately US$8.75M, including US$4M in cash collateral, is in place for the American Flats processing facility and Lucerne Mine. Upon closing of the acquisition, the approximately US$4M existing cash collateral for the surety bond, currently held within a dedicated interest-bearing account, will be assigned to Mackay or its subsidiary.
Terms of the Purchase Agreement
The Company and its wholly owned US subsidiary Mackay Precious Metals Inc., a Delaware corporation (the "Buyer") have entered into a Securities Purchase Agreement (the "Agreement"), dated as of June 21, 2026 (the Effective Date") with Comstock whereby the Buyer will acquire all of the issued and outstanding membership interests in Comstock Mining LLC, a Nevada limited liability company; Comstock Processing LLC, a Nevada limited liability company; and Comstock Exploration and Development LLC, a Nevada limited liability company (each, an "Acquired LLC" and collectively, the "Acquired LLCs"), and all of the issued and outstanding shares of capital stock of Comstock Real Estate Inc., a Nevada corporation ("CRE" and, together with the Acquired LLCs, the "Acquired Entities") (such membership interests in the Acquired LLCs and shares of capital stock of CRE, collectively, the "Acquired Interests").
The Acquired Entities own or control properties in Storey County and Lyon County, Nevada (the "Acquired Properties"), including patented and unpatented mining claims, town lots, processing facilities, operating permits and water rights, representing effectively all of Comstock's property interests and assets within the historic Comstock Mining District. The Acquired Properties are directly contiguous with Mackay's existing land package.
The Agreement and the acquisition of the Acquired Interests is subject to the approval of the TSX Venture Exchange (the "Exchange"). Closing of the transaction will take place on the fifth business day following Exchange approval and after satisfaction or wavier of the conditions set out in the Agreement, or such other date as Comstock and Mackay may mutually agree in writing (the "Closing Date").
Aggregate Purchase Price for the Acquired Interests
On closing, the Buyer will deliver to Comstock US$20,000,000 (the "Initial Payment") and issue 2,000,000 Mackay Shares (the "First Tranche Shares") subject to certain re-sale restrictions as outlined below.
Within 18 months following the Effective Date, the Buyer shall pay to Comstock US$7,000,000 (the "Second Tranche Payment"), with up to US$2,000,000 of the Second Tranche Payment payable in Mackay Shares (the "Second Tranche Shares"):
If the volume-weighted average trading price (the "VWAP") of the Mackay Shares on the Exchange for the twenty trading days ending three trading days prior to the date that the Buyer makes the Second Tranche Payment (the "VWAP Price") is between US$0.50 and US$1.00, the Buyer may, at its election, pay up to US$1,000,000 of the Second Tranche Payment by delivering to Comstock Second Tranche Shares at a deemed value per Second Tranche Share of the VWAP Price.
If the VWAP Price is above US$1.00, the Buyer may, at its election, pay up to US$2,000,000 of the Second Tranche Payment by delivering to the Comstock Second Tranche Shares at a deemed value per Second Tranche Share of the VWAP Price.
The Buyer shall pay the portion of the Second Tranche Payment which is not satisfied by the delivery of Second Tranche Shares to Comstock in cash.
If, at any time on or prior to the date that is seven years after the Closing Date, (i) the Buyer makes a construction decision in respect of a mine on any of the Acquired Properties, or (ii) a change of control of the Buyer or Mackay occurs, then the Buyer shall pay to Comstock US$10,000,000 in cash (the "Contingent Payment") no later than 90 days following the occurrence of such triggering event. The Contingent Payment shall be payable only once.
Share Trading Restrictions
The First Tranche Shares shall be subject to contractual transfer restrictions, to be implemented by restrictive legend and/or stop-transfer instructions, such that 25% of the First Tranche Shares shall become freely transferable on the date that is 18 months after the date of issuance, an additional 25% shall become freely transferable on the date that is 22 months after the date of issuance, an additional 25% shall become freely transferable on the date that is 26 months after the date of issuance, and the remaining 25% shall become freely transferable on the date that is 30 months after the date of issuance.
The Second Tranche Shares, if any, shall be subject to contractual transfer restrictions, to be implemented by restrictive legend and/or stop-transfer instructions, such that all of the Second Tranche Shares shall become freely transferable on the date that is 18 months after the date of issuance.
The First Tranche Shares and the Second Tranche Shares will also be subject to a hold period expiring four-months and one day following the date of issuance in accordance with applicable securities laws.
NSR Royalty
Comstock to retain a net smelter returns royalty (the "NSR Royalty") upon the Acquired Properties. The royalty rate of the NSR Royalty with respect to each part of the Acquired Properties (the "Royalty Rate") shall be 1.5% less the existing royalty burden on such part of the Acquired Properties as of the Effective Date; provided, that, with respect to any part of the Acquired Properties situated in Lyon County, Nevada (a "Lyon County Parcel"), the Royalty Rate shall not be less than 0.5% unless the existing royalty burden on such Lyon County Parcel as of the Effective Date is greater than 2.25%, in which case the total royalty burden on such Lyon County Parcel including the NSR Royalty shall not exceed 2.75%. For the avoidance of doubt, if the existing royalty burden on a Lyon County Parcel as of the effective date is 2.75% or greater, the Royalty Rate applicable to such Lyon County Parcel would be 0%.
The Buyer shall have the right at any time to repurchase 100% of the NSR Royalty for a payment of US$3,500,000, provided that if the seven-year period for the payment of the Contingent Payment has lapsed without the payment of the Contingent Payment, the royalty buyout payment shall be increased to US$7,000,000.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Darwin Green, Chief Executive Officer and director of the Company, and a Qualified Person under NI 43-101. Mr. Green is not independent of the Company. Mr. Green has not verified the historical data pertaining to the Acquired Properties disclosed in this press release, including the historical estimate, as such data is historical in nature and the original data is not readily available to the Company.
Mackay Gold & Silver Corp.
Mackay Gold & Silver Corp. is a Nevada-focused gold and silver exploration company with 100% control of a large, consolidated land package in one of America's richest, productive and oldest mining districts. With an estimated 8.2 million ounces of historical gold production and 192 million ounces of silver produced between 1859 and 1926 from so called 'bonanza lodes' that averaged 35 g/t gold and 726 g/t silver, the Comstock district is recognized as one of America's highest grade epithermal systems and an attractive setting for modern discovery. Led by an experienced team with a strong track record of discovery, development, and value creation, Mackay is well funded and committed to delivering shareholder value through disciplined exploration and responsible resource development.
On behalf of the Board of Directors
Darwin Green,
Chief Executive Officer and Director
Further Information
For further information, please contact:
Mackay Gold & Silver Corp.
Suite 405, 375 Water Street,
Vancouver, British Columbia V6B 5C6
Canada
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes, among other things, information regarding: the ability of the Company to carry out its exploration and land consolidation strategies and the timeline thereof, the discovery potential for the Comstock District, the ability of the Company to verify the historical estimates, the satisfaction of the conditions precedent under the Agreement and the closing of the acquisition of the Acquired Interests.
Readers are cautioned that forward-looking information is not based on historical facts but instead reflect management of the Company's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are, among other things, the following: the ability of the Company to obtain regulatory approval, changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; stock market volatility that may adversely affect the price of the Company's securities; the ability of the Company to carry out its exploration and land consolidation activities as currently contemplated; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302311
Source: Mackay Gold & Silver
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Comstock Inc. sold Nevada mining assets to Mackay, strengthening the balance sheet and enabling focused investment in its metals recycling business. LODE aims to redeploy capital into scaling its solar panel recycling facility, targeting profitability at 20–50% utilization and leveraging supportive silver market dynamics. Current financials remain weak—Q1 revenue fell 60% to $313,000 with a $9.4 million net loss—so the investment thesis hinges on future operational execution.
Comstock Resources is navigating market impatience as it evaluates the Western Haynesville discovery. CRK recently announced a $600M midstream investment and values its Pinnacle stake at $2.2B. Current high costs and operational variability in Western Haynesville are expected to improve as management gains knowledge and implements efficiency measures.
VIRGINIA CITY, Nev., June 24, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) (“Comstock” and the “Company”) is pleased to announce that Comstock Metals LLC, a wholly owned subsidiary of Comstock Inc. (NYSE: LODE), a leader in the responsible recycling of end-of-life solar panels with the only certified, North American, zero-landfill solution, announced today, in collaboration with JobsOhio and OhioSE, its selection of Cambridge, Ohio, as one of the national locations for its industrial-scale solar panel recycling and production facility and logistics hub. The Ohio operation is expected to create 20 full-time positions.
The project is supported by a newly announced JobsOhio $75,000 Grant, which promotes economic development, business expansion, and job creation by funding eligible projects. OhioSE supported and assisted the company through the process of establishing itself and obtaining this financial assistance.
Comstock Metals LLC specializes in sustainable, industrial-scale recycling of end-of-life solar panels, that cleanly recovers valuable materials, including aluminum, copper, silver, and glass, using a fully circular, zero-landfill solution. The company has operated its initial recycling facility in Silver Springs, Nevada, for the past two and a half years, where it is currently scaling to 100,000 tons of solar panels annually, and achieves 100% material recovery. The Cambridge facility will expand that capacity to ultimately produce aluminum, silver, and glass bead outputs for resale into Midwest industrial supply chains.
“Comstock Metals’ decision to establish its first Ohio processing and production facility in Cambridge reflects the strategic advantages the state offers growing companies,” said JobsOhio President and CEO, J.P. Nauseef. “With its centralized location and strong logistics network, Cambridge is well positioned to support Comstock Metals’ continued expansion as demand for solar recycling services grows across the country.”
Founded in 2022 and headquartered in Silver Springs, Nevada, Comstock Metals has built a national customer base across the Southwest, Midwest and eastern United States. The Cambridge facility will enable Comstock Metals to reduce long-distance transportation costs, which can account for 30 to 50 percent of total recycling expenses, while better serving its growing Midwest and eastern US customer base. The company has identified a 21,570-square-foot facility with an adjacent laydown yard.
“Our new Cambridge facility in Ohio is an integral part of our growing national capacity of logistics, storage and recycling of end-of-life solar materials that are decommissioning across the country,” said Corrado De Gasperis, Chief Executive Officer of Comstock Inc. “We truly appreciate the collaboration with JobsOhio and OhioSE for supporting and enabling these jobs. The speed that we build these human systems and deploy our recycling network is critical to keeping these hazardous materials out of our landfills, communities and eco-systems.”
“The central Ohio location provides a cost-effective, logistical solution for our growing Midwest and Northeast US customer base, supporting the company’s goal to set the standard for solar recycling here in the United States,” said Dr. Fortunato Villamagna, President of Comstock Metals. “Our team has developed a strong network of relationships in the eastern US with solar power producers, O&M groups, and manufacturers. The support from JobsOhio and OhioSE is an important step in our nation’s recognition and prioritization of these critical recycling activities that best serve our communities.”
“We are grateful for the decision of Comstock Metals to invest in Guernsey County,” said Matt Abbott, President & CEO of OhioSE Economic Development. “This investment continues to prove the positive momentum that is taking place in eastern and southeastern Ohio,” said Abbott.
“Guernsey County is excited to welcome Comstock Metals to the community and are grateful for their investment and the new job opportunities they will bring to Jackson Township,” said Bill Arnett, Executive Director, Cambridge-Guernsey CIC. “We look forward to supporting them through their local startup and future growth opportunities,” Arnett said.
The Cambridge-Guernsey County CIC was created by the Guernsey County Commissioners in 1965 and designated by resolution to perform the economic development functions for the County, City of Cambridge, and Village of Byesville. It was joined in this function in 2000 by the creation of the Guernsey County Port Authority. Operating out of the same office with a common director and staff, the organizations are positioned to offer the best resources of each to help businesses locate or expand in Guernsey County.
Ohio Southeast Economic Development (OhioSE) is the JobsOhio Network Partner for southern, eastern, and southeastern Ohio, providing economic development work and resources in 25 rural counties. Geographically the largest of the seven regions across the state, OhioSE partners closely with regional development districts, local economic development offices, state agencies, and other entities to expand, retain, and attract businesses in the counties they serve. Learn more at OhioSE.com or contact Sarah Arnold, OhioSE Director of Communication & Marketing: (740) 525-5510 and [email protected].
JobsOhio, Ohio's private nonprofit economic development corporation, enhances company growth and personnel development through business attraction, retention, and expansion across ten competitive industry sectors. With a team of seasoned professionals, JobsOhio utilizes a comprehensive network to foster talent production in targeted industries and attract talent through Find Your Ohio. Collaborating with seven regional partners, including Dayton Development Coalition, Lake to River Economic Development, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership, and Team NEO, JobsOhio delivers world-class customer service to provide companies with a competitive advantage. Follow JobsOhio at LinkedIn, Twitter and Facebook. Learn more at www.jobsohio.com or contact Matt Englehart, JobsOhio Communications Manager: (614) 300-1152 and [email protected]
About Comstock Inc.
Comstock Inc. (NYSE: LODE) innovates and commercializes technologies, systems and supply chains that enable, support and sustain clean energy systems by efficiently, effectively, and expediently extracting and converting under-utilized natural resources into reusable metals, like silver, aluminum, gold, and other critical minerals, primarily from end-of-life photovoltaics.
To learn more, please visit www.comstock.inc.
Comstock Social Media Policy
Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its X.com, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Contacts
For investor inquiries:
Judd B. Merrill, Chief Financial Officer
Tel (775) 413-6222 [email protected]
For media inquiries:
Zach Spencer, Director of External Relations
Tel (775) 847-7573 [email protected]
Forward-Looking Statements
This press release and any related calls or discussions may include 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. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “forecast,” “seek,” “target,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: expectations regarding the completion of the proposed securities offering, future market conditions; future explorations or acquisitions, divestitures, spin-offs or similar distribution transactions; future changes in our research, development and exploration activities; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: sales of, and demand for, our products, services, and/or properties; industry market conditions, including the volatility and uncertainty of commodity prices; the speculative nature, costs, regulatory requirements, and hazards of natural waste resource identification, exploration, development, availability, recycling, extraction, processing, and refining activities, including operational or technical difficulties, and risks of diminishing quantities or insufficiency of grades of qualified resources; changes in our planning, exploration, research and development, production, and operating activities; research and development, exploration, production, operating, and other variable and fixed costs; throughput rates, margins, earnings, debt levels, contingencies, taxes, capital expenditures, net cash flows, and growth; restructuring activities, including the nature and timing of restructuring charges and the impact thereof; employment and contributions of personnel, including our reliance on key management personnel; the costs and risks associated with developing new technologies; our ability to commercialize existing and new technologies; the impact of new, emerging, and competing technologies on our business; the possibility of one or more of the markets in which we compete being impacted by political, legal, and regulatory changes, or other external factors over which we have little or no control; the effects of mergers, consolidations, and unexpected announcements or developments from others; the impact of laws and regulations, including permitting and remediation requirements and costs; changes in or elimination of laws, regulations, tariffs, trade, or other controls or enforcement practices, including the potential that we may not be able to comply with applicable regulations; changes in generally accepted accounting principles; adverse effects of climate changes, natural disasters, and health epidemics, such as the COVID-19 outbreak; global economic and market uncertainties, changes in monetary or fiscal policies or regulations, the impact of terrorism and geopolitical events, volatility in commodity and/or other market prices, and interruptions in delivery of critical supplies, equipment and/or raw materials; assertion of claims, lawsuits, and proceedings against us; potential inability to satisfy debt and lease obligations, including because of limitations and restrictions contained in the instruments and agreements governing our indebtedness; our ability to raise additional capital and secure additional financing; interruptions in our production capabilities due to equipment failures or capital constraints; potential dilution from stock issuances, recapitalization, and balance sheet restructuring activities; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to maintain the listing of our securities on any securities exchange or market; and our ability to implement additional financial and management controls, reporting systems and procedures and comply with Section 404 of the Sarbanes-Oxley Act, as amended. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund, or any other issuer.
Ticker Change: EchoStar Corporation is changing its Nasdaq stock ticker symbol from "SATS" to "ECHO"Effective Date: The new ticker will begin trading on June 24, 2026Shareholder Impact: No action is required from current shareholders; ticker conversions will happen automaticallyRationale: The stock ticker transition highlights EchoStar's expansion beyond traditional satellite services into a global connectivity brand ENGLEWOOD, Colo., June 22, 2026 (GLOBE NEWSWIRE) -- EchoStar Corporation, the parent company of DISH Network, Boost Mobile, Sling TV, and Hughes Network Systems, today announced that it will change its Nasdaq stock ticker symbol from "SATS" to "ECHO" to better represent the company's expanding lines of business.
EchoStar’s common stock will begin trading under the new ticker symbol “ECHO” on the Nasdaq effective June 24, 2026. The CUSIP number for the Company’s common stock is not affected by the stock symbol change.
"We have spent decades building brands that challenge the status quo and deliver real value to customers," said Charlie Ergen, Founder, CEO, and Chairman of the Board, EchoStar Corporation. "Changing our stock ticker to ‘ECHO’ represents our growth from a pure-play satellite company to a global corporate leader with a diverse set of connectivity assets.”
EchoStar’s Legacy
EchoStar Communications Corporation was founded in 1980 selling C-band satellite dish systems to rural Americans. In 1995, after years of building a successful business, EchoStar opted to take its future to space, launching its first direct broadcast satellite to provide TV service nationwide. With this launch, DISH Network was born, delivering one industry-shaking innovation after another. In 2008, in recognition of this massive growth, the original company was officially renamed DISH Network and continued as a publicly traded company under the symbol "DISH." Concurrently, the critical satellite infrastructure and technology assets were separated into a new, independent publicly traded company named EchoStar Corporation, trading under the symbol "SATS."
Operating under its own mandate to connect the world, EchoStar expanded its global footprint by acquiring Hughes Network Systems in June 2011 and launching a series of advanced satellites to provide connectivity to enterprise, government, and consumer markets across the globe. In 2020, DISH completed its acquisition of Boost Mobile, accelerating the company’s growth into consumer wireless.
After years of operating as separate companies, EchoStar and DISH merged in December 2023, trading under a single stock ticker. Today’s announcement of EchoStar’s new ticker “ECHO” honors the company's original namesake—NASA’s pioneering Project Echo, the first communications satellite project—and reflects the future of EchoStar on earth, in space, and beyond.
Additional Details for Shareholders
This transition to a new ticker symbol will have no impact on the corporation's legal name, its capital structure, or the established rights of its securityholders.
All existing stock certificates will stay valid and do not require exchange. Shares maintained in book-entry form or via financial institutions and brokers will be updated to show the new ticker symbol automatically.
About EchoStar Corporation
EchoStar Corporation is a premier provider of technology, networking services, television entertainment and connectivity, offering consumer, enterprise, operator and government solutions worldwide under its EchoStar®, Boost Mobile®, Sling TV, DISH TV, Hughes®, HughesNet®, HughesON™, and JUPITER™ brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary and in Australia, the company operates as EchoStar Global Australia. For more information, visit www.echostar.com and follow EchoStar on X (Twitter) and LinkedIn.
Powered by Zeta’s proprietary SuperGraph™, Athena gives agencies real-time intelligence so they can move faster, experiment more, and prove impact with precision
CANNES, France--(BUSINESS WIRE)--Ahead of Cannes Lions 2026, Zeta Global (NYSE: ZETA), the AI Marketing Cloud, announced the expansion of Athena by Zeta™ to agencies. Athena, Zeta’s superintelligent agent, continuously analyzes signals, identifies what to do next, and optimizes outcomes to help agencies move faster, act smarter, and deliver measurably better results for their clients.
As agencies build, buy, and integrate new technologies and partners, turning those investments into real-time intelligence remains a challenge. Built on Zeta's proprietary SuperGraph™, one of the industry’s largest identity graphs, Athena continuously analyzes signals across 245 million individuals in the U.S. to provide a real-time understanding of customer behavior. By unifying agency data with Zeta’s SuperGraph, Athena surfaces opportunities, recommends next best actions, and optimizes performance across the customer lifecycle.
“The future of marketing will be agentic,” said David A. Steinberg, Co-Founder, Chairman, and CEO of Zeta Global. “The winners will be the agencies that can turn data, intelligence, and decisioning into faster action and better outcomes at scale. Athena was built for that future, continuously analyzing signals, identifying what to do next, and helping agencies optimize performance across every client relationship. Extending Athena to agencies is another step toward making AI-powered marketing dramatically simpler and more effective.”
"This is another leap forward for the team at Zeta, enabling Athena directly into the workflows our teams use every day," said Matt Adams, Global CEO of Stagwell Media Platform. "Connecting Athena across our audience, creative, and intelligence layers, and driving intelligence directly into our stack, unlocks huge benefits for our clients. It's clear that the speed of decision-making, performance, and insight is accelerated through Athena for agencies. This approach and investment in partnership with agencies is unparalleled, welcomed, and their ability to develop Athena is now moving faster than the industry as a whole."
Built for agencies and media teams, the following AI capabilities are integrated directly into Athena for agencies:
Agentic Workflows: AI agents that continuously monitor performance, recommend next-best actions, and optimize outcomes across campaigns without waiting to be asked. Precision Measurement: Identity-powered attribution that connects marketing activity to incremental business impact in real time. Answers: Conversational intelligence that turns customer signals, campaign performance and business outcomes into clear, actionable decisions. Athena for Insights and Measurement is available to agency partners in beta today, with full availability scheduled to be rolled out throughout the remainder of 2026.
Zeta at Cannes Lions
Zeta Global will spotlight Athena by Zeta™ throughout Cannes Lions 2026, hosting daily demos and client engagements at the Athena suite.
To learn more about Athena by Zeta™, visit here.
About Zeta Global
Zeta Global (NYSE: ZETA) is the AI Marketing Cloud that leverages advanced artificial intelligence (AI) and trillions of consumer signals to make it easier for marketers to acquire, grow, and retain customers more efficiently. Through the Zeta Marketing Platform (ZMP), our vision is to make sophisticated marketing simple by unifying identity, intelligence, and omnichannel activation into a single platform – powered by one of the industry’s largest proprietary databases and AI. Our enterprise customers across multiple verticals are empowered to personalize experiences with consumers at an individual level across every channel, delivering better results for marketing programs. Zeta was founded in 2007 by David A. Steinberg and John Sculley and is headquartered in New York City with offices around the world. To learn more, go to www.zetaglobal.com.
Forward-Looking Statements
This press release, together with other statements and information publicly disseminated by the Company, contains certain 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. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning our anticipated future financial performance, our market opportunities and our expectations regarding our business plan and strategies. These statements often include words such as “anticipate,” “believe,” “could,” “estimates,” “expect,” “forecast,” “guidance,” “intend,” “may,” “outlook,” “plan,” “projects,” “should,” “suggests,” “targets,” “will,” “would” and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our business, results of operations and financial condition and could cause actual results to differ materially from those expressed in the forward-looking statements. These statements are not guarantees of future performance or results.
The forward-looking statements are subject to and involve risks, uncertainties and assumptions, and you should not place undue reliance on these forward-looking statements. These cautionary statements should not be construed by you to be exhaustive and the forward-looking statements are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
NEW YORK--(BUSINESS WIRE)--Zeta Global (NYSE: ZETA), the AI Marketing Cloud, today announced that it is scheduled to participate in the following investor event:
*Live webcast and replay of this presentation will be accessible on Zeta’s Investor Relations website at investors.zetaglobal.com where it will remain available for 1 year.
About Zeta
Zeta Global (NYSE: ZETA) is the AI Marketing Cloud that leverages advanced artificial intelligence (AI) and trillions of consumer signals to make it easier for marketers to acquire, grow, and retain customers more efficiently. Through the Zeta Marketing Platform (ZMP), our vision is to make sophisticated marketing simple by unifying identity, intelligence, and omnichannel activation into a single platform – powered by one of the industry’s largest proprietary databases and AI. Our enterprise customers across multiple verticals are empowered to personalize experiences with consumers at an individual level across every channel, delivering better results for marketing programs. Zeta was founded in 2007 by David A. Steinberg and John Sculley and is headquartered in New York City with offices around the world. To learn more, go to www.zetaglobal.com.
SummaryZeta delivered its 19th consecutive beat-and-raise quarter while underlying revenue growth accelerated to 29% excluding acquisitions.Athena generated seven times more agent interactions, helping drive 21% ARPU growth and over 50% multi-use-case expansion.Super-scaled customers increased 19% to 189, while the sales pipeline expanded approximately 40% year over year.Despite improving fundamentals and approaching GAAP profitability, Zeta trades at only 2.6x forward revenue and 12x EBITDA. kontekbrothers/iStock via Getty Images
My view on Zeta Global (ZETA) has become more bullish over the last several quarters but not because the stock is cheap or because AI has suddenly become a more attractive narrative. What changed is
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Zeta's Data Cloud will be rearchitected on Palantir's Foundry, making customer intelligence an enterprise asset within the same infrastructure that powers operational decision-making
MIAMI & NEW YORK--(BUSINESS WIRE)--Zeta Global (NYSE: ZETA), the AI Marketing Cloud, and Palantir Technologies (NASDAQ: PLTR), a global leader in artificial intelligence and data platforms, today announced a strategic partnership to build the enterprise AI infrastructure layer that connects operational intelligence, customer intelligence, and marketing execution. Together, Palantir and Zeta are combining AI infrastructure with Zeta’s intelligent decisioning and trusted data to bring a new standard of data-driven, agentic marketing to the enterprise.
Marketing is at the front lines of the AI revolution. The enterprises that will lead are the ones whose marketing infrastructure is built to operate in real time, with data they can trust and AI that can act.
The partnership pairs two complementary platforms in a deep technical integration. Palantir Foundry brings the ontology, governance, and operational infrastructure that enterprise data demands. Zeta's Data Cloud will be rearchitected on Foundry, with Athena by Zeta™, Zeta's AI-powered intelligence layer, turning that data into decisions and measurable outcomes at enterprise scale.
“Palantir and Zeta are using Ontology to create a next generation marketing environment, giving Zeta all the advantages of AI while protecting against many of the known dangers,” said Alex Karp, co-founder and CEO of Palantir Technologies. “Bringing together containerized architecture and AI in the context of marketing will transform this industry.”
“Palantir has built the infrastructure the world’s most sophisticated institutions run on, and Zeta has built the intelligence infrastructure that powers how enterprises acquire, grow, and retain customers. Together, we are bringing AI-powered marketing to those same organizations on a platform they already trust,” said David A. Steinberg, Co-Founder, Chairman and CEO of Zeta Global. “The next generation of enterprise value creation will come from connecting operational intelligence with customer intelligence. We believe this partnership can drive more than $100 million in annual revenue to Zeta in the coming years and help define what winning looks like in the agentic era.”
Athena is becoming the operating system for agentic marketing — the intelligence layer where opportunities, decisions, and outcomes converge. With Zeta's Data Cloud rearchitected on Foundry, Athena will be able to draw on richer, more expansive enterprise data and act on it in real time, giving marketers the precision, speed, and accountability the agentic era demands.
For large enterprises where data trust is non-negotiable, both Palantir and Zeta operate to the security, governance, and compliance standards their businesses are built on.
Supporting Zeta’s Go-to-Market Efforts
Palantir will provide the software infrastructure to support Zeta as it brings its marketing intelligence to Foundry’s eligible enterprise customers. With Zeta’s Data Cloud rearchitected on Foundry, customers will have a trusted path from governed enterprise data to real-time decisions and measurable marketing outcomes, powered by Zeta’s data, AI infrastructure, and decision-making intelligence.
Zeta and Palantir at Cannes Lions
Today, Tuesday, June 23, 2026, at 9:15 a.m. Eastern Time, Zeta is scheduled to participate in a Fireside Chat with Citi at the Cannes Lions International Festival of Creativity. Live webcast and replay of this presentation will be accessible on Zeta’s Investor Relations website at investors.zetaglobal.com where it will remain available for 1 year.
Steinberg will also join Elias Davis, Office of the CEO at Palantir, for a conversation at Cannes Lions 2026 on the PLAGE 3CV stage at 11:05 a.m. ET, today, June 23, 2026. Moderated by Michael Kassan, Founder and CEO of 3CV, the session will explore how leading organizations are rethinking marketing's role within the enterprise in the AI era. The conversation will be livestreamed on Zeta Global's X account.
About Palantir Technologies
Foundational software of tomorrow. Delivered today. Additional information is available at palantir.com.
About Zeta Global
Zeta Global (NYSE: ZETA) is the AI Marketing Cloud that leverages advanced artificial intelligence (AI) and trillions of consumer signals to make it easier for marketers to acquire, grow, and retain customers more efficiently. Through the Zeta Marketing Platform (ZMP), our vision is to make sophisticated marketing simple by unifying identity, intelligence, and omnichannel activation into a single platform – powered by one of the industry’s largest proprietary databases and AI. Our enterprise customers across multiple verticals are empowered to personalize experiences with consumers at an individual level across every channel, delivering better results for marketing programs. Zeta was founded in 2007 by David A. Steinberg and John Sculley and is headquartered in New York City with offices around the world. To learn more, go to www.zetaglobal.com.
Forward-Looking Statements
This press release, together with other statements and information publicly disseminated by tZeta Global, contains certain 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. Zeta intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning our anticipated future financial performance, our market opportunities and our expectations regarding our business plan and strategies. These statements often include words such as “anticipate,” “believe,” “could,” “estimates,” “expect,” “forecast,” “guidance,” “intend,” “may,” “outlook,” “plan,” “projects,” “should,” “suggests,” “targets,” “will,” “would” and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our business, results of operations and financial condition and could cause actual results to differ materially from those expressed in the forward-looking statements. These statements are not guarantees of future performance or results.
The forward-looking statements are subject to and involve risks, uncertainties and assumptions, and you should not place undue reliance on these forward-looking statements. These cautionary statements should not be construed by you to be exhaustive and the forward-looking statements are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
, /PRNewswire/ -- ZETA SURGICAL and HOPE Therapeutics, an NRx Pharmaceuticals company (Nasdaq: NRXP), today announced the first patient treatment with the FDA-cleared Zeta TMS Navigation System at a HOPE Therapeutics clinic in Sarasota. HOPE has installed Zeta TMS Navigation Systems at clinics in West Palm Beach and Sarasota, with Zeta-navigated patient treatments beginning at both locations this week.
Zeta Surgical® Navigation System (PRNewsfoto/Zeta Surgical) TMS is a non-invasive therapy used primarily for treatment-resistant depression, which affects approximately one-third of patients with major depressive disorder. TMS is also used in other neuropsychiatric conditions, including obsessive-compulsive disorder and other disorders involving brain circuit dysfunction. Because TMS is intended to modulate specific brain regions and neural circuits, accurate and repeatable targeting of patient-specific treatment sites is an important component of treatment delivery.
The Zeta TMS Navigation System uses proprietary RealTrack™ technology to provide real-time, markerless image guidance for TMS procedures. The system applies artificial intelligence and computer vision to register a patient's MRI or CT imaging to their facial anatomy in under two minutes and continuously track the position of the TMS coil relative to the planned brain target with sub-millimetric accuracy. At HOPE, the system has been incorporated into outpatient TMS workflows for eligible patients, including those receiving treatment for major depressive disorder.
"Beginning patient treatments with the Zeta TMS Navigation System marks a major milestone in bringing surgical-grade accuracy to the TMS clinic," said Raahil Sha, Co-Founder and Chief Technology Officer of ZETA. "We are excited to see our technology now supporting real patients in the treatment of depression, and to support clinicians in expanding access to more personalized, precision-guided TMS across the country."
Dr. Rebecca Cohen, Medical Director of HOPE Therapeutics, comments: "The continued evolution of precision TMS technology is transforming what's possible in psychiatric care. I am inspired by the increased accuracy, reliability and personalized care that these ZETA advancements provide, and honored to offer this cutting-edge treatment to patients across our HOPE Therapeutics clinics, helping improve outcomes and quality of life."
About ZETA SURGICAL
ZETA SURGICAL is redefining the standard of care for image-guided surgery and targeted neuro-therapeutics. Its navigation and robotics platform applies advanced artificial intelligence and computer vision to enable high-accuracy image guidance across virtually any point of care in minutes, unlocking less invasive and more precise targeted therapies. The Zeta Navigation System and Zeta TMS Navigation System are cleared by the FDA and commercially available in the United States.
For more information, please visit www.zetasurgical.com.
Media Contact — [email protected]m
About HOPE Therapeutics
HOPE Therapeutics, a subsidiary of NRx Pharmaceuticals (Nasdaq: NRXP), is a provider of advanced psychiatric and neurological care, specializing in evidence-based treatments for major depressive disorder, anxiety, and other complex neurological conditions. Operating out of state-of-the-art clinics, HOPE Therapeutics focuses on improving patient outcomes through the application of modern medical technologies and clinical practices.
For more information, please visit www.hopetherapeutics.com.
Zeta Global stock price jumped on Tuesday after the company intensified its pivot towards artificial intelligence (AI) by partnering with Palantir Technologies. It jumped to $20.50, and then pared back some of those gains to close at $19.50. So, will this partnership boost ZETA shares in the near future?
Zeta Global is a top company in the adtech industry, where it provides the Zeta Marketing Platform (ZMP) that is used by companies and advertising agencies. ZMP analyzes structured and unstructured data points to predict consumer behavior.
Zeta also offers the Consumer Data Platform (CDP) that ingests, analyzes, and distills data points to generate a single view of a consumer. Some of the top clients include companies like T-Mobile, Renault, Generali, Samsung, and General Mills.
Zeta Global stock jumped after announcing a strategic partnership with Palantir. This deal will help the company build a unified data and AI infrastructure, with Athena by Zeta being at the center.
READ MORE: Zeta Global stock soared after Snowflake OSI entry: what next?
The deal will pair two complementary platforms: Palantir Foundry and Zeta Data Cloud. In this, Zeta Data Cloud will be rearchitected on Foundry, with Athena by Zeta, turning that data into decisions and measurable outcomes. In a statement, Alex Karp, Palantir’s CEO said:
“Palantir and Zeta are using Ontology to create a next-generation marketing environment, giving Zeta all the advantages of AI while protecting against many of the known dangers. Bringing together containerized architecture and AI in the context of marketing will transform this industry.”
The announcement came at a time when its business is continuing its growth trajectory. Its revenue grew by 50% to $396 million, while its cash from operations soared by 43% to $50 million. This growth accelerated as 9 of the ten verticals it focuses on continued growing.
Most notably, the company boosted its revenue and profitability growth. It now expects that its revenue will grow by 37% this year, while its adjusted EBITDA margin moving to 22.3%.
The company’s customers continue to boost their spending, which has helped its average revenue per user (ARPU) gain momentum. Also, the management expects that its organic annual revenue will jump to $2.3 billion in 2028 from the estimated $1.78 billion. Its adjusted EBITDA is expected to move to $573 million that year from this year’s $397 million.
There are also signs that the company is not all that overvalued, especially based on the rule-of-40 multiple. Its annual revenue growth this year is expected to be 37%, while its EBITDA margin is expected to be 6%, giving it a multiple of 42%.
Zeta stock chart | Source: TradingView
The daily chart shows that the Zeta share price formed a double-bottom pattern at $14.48 and a neckline at $19.5. This pattern explains why it jumped to a high of $26 on June 2nd.
Most recently, the stock has pulled back as investors booked profits. It has remained above the 200-day Exponential Moving Average (EMA) and the 61.8% Fibonacci Retracement level.
Therefore, the most likely scenario is where it loses momentum after forming a doji candlestick pattern. If this happens, it may move below the 200-day EMA and then rebound later this year.
Modine (MOD - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this heating and cooling products maker have returned +16.6% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Automotive - Original Equipment industry, to which Modine belongs, has gained 7.4% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Modine is expected to post earnings of $1.43 per share, indicating a change of +34.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -13.6% over the last 30 days.
The consensus earnings estimate of $7.73 for the current fiscal year indicates a year-over-year change of +54%. This estimate has changed +7% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $10.86 indicates a change of +40.5% from what Modine is expected to report a year ago. Over the past month, the estimate has changed +11.2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Modine is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Modine, the consensus sales estimate of $895.49 million for the current quarter points to a year-over-year change of +31.2%. The $4.03 billion and $4.76 billion estimates for the current and next fiscal years indicate changes of +26.8% and +18%, respectively.
Last Reported Results and Surprise HistoryModine reported revenues of $954.4 million in the last reported quarter, representing a year-over-year change of +47.5%. EPS of $1.71 for the same period compares with $1.12 a year ago.
Compared to the Zacks Consensus Estimate of $907.34 million, the reported revenues represent a surprise of +5.19%. The EPS surprise was +13.25%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Modine is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Modine. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Key Takeaways MOD has doubled its data center business for four consecutive years amid strong customer demand.MOD is working closely with key suppliers and adding vendor options to ease component shortages.MOD expects a temporary first-quarter production impact but no change to its full-year outlook. Modine Manufacturing Company (MOD - Free Report) is taking an all-hands-on-deck approach as it scales its data center business to meet strong customer demand. The company has doubled its data center business for four consecutive years, a pace that has required significant operational effort and coordination across the organization.
As the business has scaled, Modine has begun encountering supply chain constraints for the first time, particularly with certain key suppliers. In response, the company is working closely with suppliers at both strategic and operational levels to ensure continuity of supply and maintain production capacity. This includes providing greater day-to-day support and oversight while strengthening supplier relationships to meet growing demand.
Supply chain management remains one of Modine’s top priorities. The company has invested heavily in talent and resources to support its expansion and ensure that capacity keeps pace with demand. The component shortages emerged late in the fourth quarter of fiscal 2026, creating some near-term challenges for production schedules and operational efficiency. To address these issues, a dedicated team is actively implementing corrective measures, including qualifying new vendors to ensure a more stable supply of components.
While these supply chain challenges are expected to affect the production plans of the first quarter temporarily, Modine does not anticipate any impact on its full-year outlook. Demand for Modine’s products remains exceptionally strong in the data center market, and the company is not experiencing any signs of a slowdown. For fiscal 2027, the data center sales are expected to grow by 60-80% year over year.
MOD carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
MOD Peers’ Effort to Build a Resilient Supply ChainnVent Electric plc (NVT - Free Report) reported that its backlog continues to grow sequentially, with most orders extending beyond the next 12 months and providing visibility into 2027. To support this demand, nVent is focused on maintaining competitive lead times while ensuring its suppliers can scale alongside its operations. nVent expects to invest about $130 million in capital expenditures this year, with much of the spending directed toward expanding data center capacity and enhancing supply chain resilience.
Vertiv Holdings Co’s (VRT - Free Report) continues to navigate supply chain challenges arising from global trade and macroeconomic uncertainties. To reduce supplier-related risks, Vertiv has prioritized multi-sourcing strategies across its supply chain. In addition, Vertiv is leveraging strategic acquisitions to further strengthen its supply chain capabilities and support long-term growth.
Modine’s Price Performance, Valuation & EstimatesMOD has outperformed the Zacks Automotive-Original Equipment industry in the last six months. Modine’s shares have rallied 112.8% compared with the industry’s growth of 3.9%.
Image Source: Zacks Investment Research
From a valuation perspective, MOD appears overvalued. Going by its price/sales ratio, the company is trading at a forward sales multiple of 3.59, higher than the industry’s 2.31.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MOD’s fiscal 2027 and 2028 EPS has moved up 50 cents and $1.10, respectively, in the past 30 days.
Investors looking for stocks in the Automotive - Original Equipment sector might want to consider either China Yuchai (CYD - Free Report) or Modine (MOD - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Right now, China Yuchai is sporting a Zacks Rank of #1 (Strong Buy), while Modine has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that CYD has an improving earnings outlook. However, value investors will care about much more than just this.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
CYD currently has a forward P/E ratio of 15.81, while MOD has a forward P/E of 38.47. We also note that CYD has a PEG ratio of 0.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MOD currently has a PEG ratio of 0.96.
Another notable valuation metric for CYD is its P/B ratio of 0.98. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, MOD has a P/B of 13.04.
Based on these metrics and many more, CYD holds a Value grade of A, while MOD has a Value grade of D.
CYD has seen stronger estimate revision activity and sports more attractive valuation metrics than MOD, so it seems like value investors will conclude that CYD is the superior option right now.
In the latest close session, Modine (MOD - Free Report) was down 6.13% at $277.46. The stock fell short of the S&P 500, which registered a loss of 1.44% for the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
The stock of heating and cooling products maker has risen by 13.46% in the past month, leading the Auto-Tires-Trucks sector's loss of 3.79% and the S&P 500's gain of 0.08%.
The upcoming earnings release of Modine will be of great interest to investors. In that report, analysts expect Modine to post earnings of $1.43 per share. This would mark year-over-year growth of 34.91%. At the same time, our most recent consensus estimate is projecting a revenue of $895.49 million, reflecting a 31.15% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.73 per share and a revenue of $4.03 billion, representing changes of +53.98% and +26.76%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Modine. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.99% increase. Right now, Modine possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Modine is at present trading with a Forward P/E ratio of 38.24. This expresses a premium compared to the average Forward P/E of 13.11 of its industry.
Meanwhile, MOD's PEG ratio is currently 0.96. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. MOD's industry had an average PEG ratio of 0.9 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 160, this industry ranks in the bottom 35% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
On June 23, 2026, Modine Manufacturing Co MOD shares fell 6.1% today, closing at $277.46. Over the past 52 weeks, the stock has fluctuated between a high of $323.25 and a low of $86.48, marking a significant yearly gain of 185.5%.
GF Value™ verdict: Current price of $277.46 is 103.0% overvalued compared to a GF Value™ of $136.69.GF Score™ is 73/100, indicating an above-average performance relative to peers.Notable signal: Insiders sold $27.1M worth of stock in the last three months, with no buying activity. Is MOD Overvalued or Undervalued? With the current price of $277.46 significantly above the estimated GF Value™ of $136.69, Modine Manufacturing Co appears to be overvalued by 103.0%. This substantial gap raises concerns regarding the stock's current price and reflects potential risks for investors. The GF Valuation label categorizes the stock as significantly overvalued, suggesting that market conditions may not support such a high valuation in the long term.
The margin of safety is critical in assessing investment risks, especially when a stock is trading at a premium relative to its intrinsic value. Investors must consider the implications of this overvaluation, as it may lead to price corrections if earnings do not meet market expectations. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does MOD's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 123.9x 22.2x Forward P/E 35.7x N/A The current P/E ratio of 123.9x is 458% above its 5-year median P/E of 22.2x, indicating that the stock is trading at a much higher valuation than it has historically. This analysis aligns with the GF Value™ verdict, reinforcing the conclusion that Modine Manufacturing Co is overvalued and could be at risk for a price adjustment if earnings growth does not materialize as anticipated.
What Does MOD's GF Score™ Tell Us? Metric Rating GF Score™ 73 Financial Strength 7/10 Profitability 7/10 Growth 8/10 Valuation 1/10 Momentum 6/10 The GF Score™ of 73/100 suggests that Modine Manufacturing Co has a solid performance overall, particularly in the areas of Growth (8/10) and Financial Strength (7/10). However, its Valuation score of 1/10 indicates significant concerns regarding its current price compared to its historical performance and intrinsic value. This disparity suggests that while the company may exhibit strong growth and financial stability, the high valuation poses a risk for potential investors.
What Are Insiders Doing with MOD Stock? Insider activity reveals that executives at Modine Manufacturing Co have sold $27.1 million worth of shares in the last three months, with no recorded purchases. This pattern of selling without accompanying buying activity could suggest a lack of confidence among insiders regarding the company’s future performance at current price levels. Such actions are typically seen as a warning signal for potential investors, indicating that insiders may believe the stock is currently overvalued.
What This Means for Investors Based on the analysis of GF Value™, Modine Manufacturing Co is considered significantly overvalued at its current price of $277.46, which is more than double the estimated fair value of $136.69. Given the stock's high P/E ratio and recent insider selling, potential investors should exercise caution and closely monitor the company's performance moving forward.
For the complete analysis, visit the Modine Manufacturing Co MOD stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is MOD's GF Score™?
MOD's GF Score™ is 73/100, indicating an above-average performance relative to its peers, suggesting a balanced view of the company’s strengths and weaknesses.
Is MOD overvalued or undervalued?
MOD is considered overvalued, with a current price of $277.46 being 103.0% above its GF Value™ of $136.69.
What is MOD's P/E ratio?
MOD's P/E ratio is 123.9x, which is significantly above its 5-year median P/E of 22.2x, indicating that the stock is trading at a much higher historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
ProPetro maintains a massive service presence in the Permian Basin and has successfully navigated industry downturns to remain cash-flow positive. Expion360 is delivering rapid revenue growth as it scales its lithium battery technology across the recreational vehicle and marine markets.
Key Takeaways WULF's HPC leasing revenues surged 117% sequentially in Q1 2026 and accounted for 62% of total revenues.IREN is growing AI cloud revenues, but lower bitcoin mining revenues are pressuring near-term results.WULF benefits from long-term HPC contracts, while IREN faces transition-related impairment charges. IREN Limited (IREN - Free Report) and TeraWulf (WULF - Free Report) are key players in the artificial intelligence (AI) infrastructure market that offer next-generation data center infrastructure targeting high-performance computing (HPC), AI workloads and scalable computing. IREN Limited is one of the world’s largest and lowest-cost bitcoin miners that operate next-generation data centers using renewable energy, while TeraWulf focuses on HPC data centers designed for AI workloads.
Currently, IREN and WULF have an opportunity to capitalize on the emerging AI space as the need for AI compute infrastructure is witnessing a CAGR of 23.8%, per a report by MarketsAndMarkets. With this strong industry growth forecast, the question remains: Which stock has more upside potential? Let’s break down their fundamentals, growth prospects, market challenges and valuation to determine which offers a more compelling investment case.
The Case for IREN StockIREN’s recent financial results reflect its ongoing shift toward AI cloud services. In the third quarter of fiscal 2026, AI Cloud Services revenues were $33.6 million compared with $17.3 million in the previous quarter, reflecting sequential growth of 94.2%. Here, strong AI infrastructure demand and rising contracted capacity are expected to continue supporting growth in IREN's AI cloud business.
IREN’s recent partnership with NVIDIA to strengthen its AI cloud business is a key positive. The company signed a $3.4 billion, five-year AI cloud contract with NVIDIA to deploy Blackwell GPUs across 60 megawatts of air-cooled capacity at its Childress campus in Texas. The above-mentioned contract should contribute around $700 million in annual recurring revenues (ARR) and support future growth in AI cloud revenues.
However, IREN is seeing near-term pressure on revenues as it moves away from Bitcoin mining and focuses more on AI cloud services. In the third quarter of fiscal 2026, total revenues fell 21.6% from the previous quarter. Management said that this drop was mainly due to lower Bitcoin mining revenues, which declined 33.6% on a sequential basis in the third quarter of fiscal 2026.
IREN is shifting power and infrastructure away from mining and toward AI workloads. AI cloud revenues are increasing, but they are not yet large enough to fully make up for the drop in mining revenues. Management said this pressure should be temporary. As more GPUs are installed and AI cloud contracts ramp up, AI revenues are expected to become the main source of revenue. Until then, quarter-over-quarter results may remain uneven.
Further, higher costs relating to the recognition of impairment charges on IREN’s Bitcoin mining hardware, as it shifts toward AI cloud infrastructure, continue to weigh on IREN’s prospects. In the fiscal third quarter, impairment charges amounted to $140.4 million, representing a whopping increase from $31.8 million incurred in the prior quarter. These impairment charges reflect the declining importance and value of IREN’s legacy mining business. IREN’s transition to AI cloud means that these charges are expected to continue in the near term, which may put reported profitability under pressure in the upcoming quarters.
The Case for WULF StockTeraWulf is rapidly transforming from a Bitcoin miner into an AI infrastructure company, where the company's HPC leasing business is becoming the main driver of growth. In the first quarter of 2026, HPC leasing revenues were $21 million, which increased 117% sequentially and contributed to nearly 62% of total revenues.
The growth was driven by the completion of the Core42 deployment at the Lake Mariner facility. During the first quarter, TeraWulf delivered all 60 megawatts of contracted capacity to Core42 and began generating revenues from the lease. This was the first quarter in which HPC leasing made a meaningful contribution to the company's financial results.
The contribution from HPC leasing is expected to increase further in the coming quarters. TeraWulf is developing additional capacity for Fluidstack and Google at Lake Mariner. The company expects CB-3 to begin operations shortly, while CB-4 and CB-5 are scheduled to come online in the third and fourth quarters of 2026. As these facilities come online, HPC leasing revenues should continue to grow.
The segment also carries higher profitability. Management stated that the reported HPC segment's profit margin was approximately 50% in the first quarter. Excluding tenant fit-out work, pre-revenue operating expenses and development costs for future sites, the profit margin would have been approximately 85%.
The business mix is also becoming more predictable. Bitcoin mining revenues depend on Bitcoin prices, mining difficulty and network conditions. In contrast, HPC leasing revenues come from long-term contracts with customers. Management stated that future revenue growth will increasingly come from contracted, credit-backed HPC customers rather than mining operations.
With additional capacity scheduled to enter service during 2026 and strong demand from AI and hyperscale customers, HPC leasing appears set to become TeraWulf's primary revenue and profit driver.
How Do Estimates Compare for IREN & WULF?The Zacks Consensus Estimate for IREN’s fiscal 2026 loss is pegged at 40 cents per share, revised downward over the past 30 days. The company reported earnings of 4 cents per share in fiscal 2025.
The consensus mark for WULF’s 2026 loss is pegged at $1.53 per share, narrower than the loss of $1.66 per share reported in 2025.
IREN vs. WULF: Price Performance and ValuationYear to date, shares of IREN and WULF have returned 55.3% and 143.8%, respectively.
IREN Vs. WULF: YTD Price Return Performance
Image Source: Zacks Investment Research
In terms of the forward 12-month price/sales ratio, WULF is trading at 23.09X, higher than IREN’s 7.82X. Despite trading at a higher P/S multiple, WULF’s valuation premium is supported by the increasing contribution of its high-margin HPC leasing business and stronger revenue visibility from long-term customer contracts.
IREN vs. WULF: Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
Conclusion: WULF Has an Edge Over IRENBoth IREN and WULF are key players in the AI infrastructure space, but their near-term outlooks are quite different. Currently, IREN faces near-term risks from lower bitcoin mining revenues and rising impairment charges as the company moves away from Bitcoin mining to focus more on AI cloud services.
In contrast, TeraWulf’s HPC leasing contributed nearly 62% of first-quarter 2026 revenues and is becoming the company's primary growth driver. The business is supported by long-term contracts with customers such as Core42, Fluidstack and Google, providing greater revenue visibility than Bitcoin mining operations.
Currently, WULF carries a Zacks Rank #3 (Hold), giving the stock a clear edge compared to IREN, which has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
TeraWulf (WULF) is executing a power-first, HPC-focused strategy, with Q1 marking the inflection as HPC lease revenue surged 117% sequentially. WULF's platform now delivers over 60% of revenue from HPC leases, supported by a $13B+ contracted backlog and 85% segment margin, highlighting structural differentiation. Balance sheet strength is evident with $3.1B in cash, 82% of WULF Compute capex secured, and disciplined capital recycling supporting rapid multi-site expansion.
"A rising tide lifts all boats" is a popular piece of market jargon, but you can see why it sticks during rallies like the AI gold rush. Anyone and everyone is trying to get into the data center game today, including some former Bitcoin miners strategically pivoting to the next big thing. In particular, three companies stand out with this theme: Hut 8 Corp. NASDAQ: HUT, TeraWulf Inc. NASDAQ: WULF, and Core Scientific Inc. NASDAQ: CORZ. Each has seen their company’s stock soar more than 100% year-to-date (YTD), but are these gains based on true future cash flows or just hype from a transcendent rally?
Get Hut 8 alerts:
Pivoting From Bitcoin Miner to Data Center LandlordAll three companies share certain characteristics that appeal to AI hyperscalers. As former Bitcoin miners, these firms already own large buildings with scalable grid-connected electrical power. To tap into the AI rush, these companies have refurbished these locations with data center shells capable of supporting high-density GPU racks. Once the conversion is complete, these companies seek out tenants that bring in their own racks and build out the AI cloud infrastructure.
What makes the landlord comparison work is the nature of the deals these companies are signing with tenants. The agreements are typically triple-net and take-or-pay, meaning the tenants are responsible for taxes, insurance, and maintenance, and pay 100% of their bill whether they use all the capacity or not. The switch from Bitcoin mining to data center landlordship changes the mechanism by which these companies generate income. Instead of relying on volatile, commodity-linked revenue streams like mining, these firms can now boast dependable, recurring revenue through decade-long rent contracts. It was also a relatively easy transition, since Bitcoin mining and data center operations require many of the same skills and inputs, such as a constant power supply, a well-established foundation, and experience running dense computer labs.
3 Stocks Capitalizing on Data Center Energy DemandHut 8, TeraWulf, and Core Scientific haven’t ridden the coattails of the AI rally; they’re active participants with REIT-style contracts. But each is beholden to different counterparties and timelines, and the Bitcoin overhang remains. A deeper dive into the numbers is necessary before committing any investment capital to these names.
Hut 8 Corp: High Value Contracts But Revenue Realization Still Far OutHut 8 Today
$116.63 -3.88 (-3.22%)
As of 10:32 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$17.03▼
$140.80Price Target$113.95
Hut 8 has received some of the biggest headlines this year for its data center buildout, including a $4.25 billion senior secured note offering for its Beacon Point property in Texas. The Beacon Point data center is expected to provide up to 1,000 megawatts (MW) of capacity, with another potential 1,000 MW from the River Bend location in Louisiana. In Q1 2026, Hut 8 announced that the Beacon Point location had secured a 15-year triple-net lease valued at $9.8 billion, which could exceed $25 billion with escalators. The problem with this stock is timing. Neither River Bend nor Beacon Point is expected to be operational until 2027, and the company’s 16,000 Bitcoin token hoard is becoming an albatross. Q1 2026 earnings revealed a massive earnings-per-share (EPS) miss; the company lost $1.98 per share despite beating revenue projections by 40%. Bitcoin losses are weighing on the balance sheet, and the stock currently trades at 45 times sales.
Steady, secure revenue is coming, but the stock is priced for perfect execution. Both data centers are still under construction, and the decline in BTC is driving losses. The stock is up more than 150% YTD, and it might be time to take some profits. A bearish cross on the Moving Average Convergence Divergence (MACD) indicator has cast a cloud over the rally, which stands out since a bullish crossover heralded the biggest upswing in April.
TeraWulf: Strong Technicals, Weak Fundamentals, and High Short InterestTeraWulf Today
$28.17 -0.61 (-2.12%)
As of 10:32 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$3.70▼
$29.84Price Target$31.86
TeraWulf has an aggressive pipeline, and there’s evidence that its high-performance compute (HPC) transition is paying off. The company reported $21 million in HPC leasing revenue in Q1 2026, which was up more than 100% from Q4 2025. Some of its contracted tenants include Core42 and the Google-backed Fluidstack, which gives the stock a compelling narrative amidst the buildout. But TeraWulf has been issuing tons of equity to fund its buildout, including an $800 million stock offering in April. Shareholder dilution could be a reason why the stock carries 26% short interest as of the end of May.
The company only earned $34 million in revenue in Q1, down 1.1% year-over-year (YOY). Like Hut 8, the data center rent remains a future revenue stream, and the stock trades at 82 times sales. Despite the weak fundamentals, the stock chart is appealing. There’s strong price support at the 50-day moving average, and the Relative Strength Index (RSI) is in bullish territory without reaching overbought status. Traders seem to think the company can execute its plan flawlessly, but with shares up more than 140% YTD, there’s plenty of downside if missteps occur.
Core Scientific: Cheapest Valuation and Already Collecting RentCore Scientific Today
$28.38 -0.78 (-2.68%)
As of 10:32 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$11.81▼
$30.46Price Target$29.49
Unlike Hut 8 and TeraWulf, Core Scientific is already collecting rent from a key AI player in CoreWeave Inc. NASDAQ: CRWV. The company is providing CoreWeave with 243 MW of compute as of Q1 2026, with the remaining 347 MW scheduled to be online in early 2027. The total agreement is worth more than $10 billion, and Core Scientific raised the project’s cash gross-margin target to 80-85% from 75-80%. CORZ shares are also the cheapest from a valuation perspective at just 25 times sales. Q1 2026 also saw the company post a surprise EPS loss due to a $266 million mining impairment charge, but the Bitcoin mining operation is expected to be fully wound down by the end of 2026.
Core Scientific might have the cleanest fundamentals, but the chart is choppy at best. The bearish MACD cross earlier this month hints at fading momentum, and the price is struggling to surpass the June 2 all-time high of $29.05. However, CORZ has the strongest fundamentals, the smallest YTD gain (90%), and the only currently operational site. If one of these three stocks has upside not currently baked in, it's this one.
Should You Invest $1,000 in Hut 8 Right Now?Before you consider Hut 8, you'll want to hear this.
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SummaryAmentum is deeply undervalued, trading at less than 9x forward earnings and 8x EV/EBITDA, with strong government-aligned tailwinds.AMTM’s $47.8B backlog and shift toward higher-margin, fixed-price contracts position it for margin expansion and potential multiple re-rating.Deleveraging from 4.1x to a 3.0x net debt/EBITDA target, with recent refinancing saving ~$19.6M in annual interest, will unlock shareholder value.Peer multiples and EBITDA sensitivity suggest 31–60% upside, with catalysts including nuclear contract wins, margin improvement, and possible share repurchases.Just_Super/iStock via Getty Images
Thesis Amentum Holdings (AMTM) is currently significantly undervalued relative to peers, as financial results from its Global Engineering Solutions segment, largely due to accounting technicalities and wind-down of legacy programs, are masking the impressive growth in its Digital
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMTM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
RADNOR, Pa.--(BUSINESS WIRE)--Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, is investigating potential violations of the federal securities laws by Futu Holdings Limited (NASDAQ: FUTU) on behalf of investors who purchased or acquired Futu Holdings Limited securities and experienced significant financial losses.
FUTU Accused of Trading Without Proper Licenses
On May 22, 2026, Reuters published an article entitled, "China to crack down on ‘illegal' cross-border securities." Specifically, the article reported that China "would punish brokers it accused of illegally moving money to foreign markets", and that online brokers, including Futu, "would be penalised for soliciting business in China without an onshore licence[.]"
FUTU’s Stock Drops Over 27%
Following the news of the Reuters report, Futu’s stock price fell over 27%.
Investors who purchased Futu Holdings Limited (NASDAQ: FUTU) securities and experienced losses may have legal rights under the federal securities laws.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS
If you are a Futu Holdings Limited (NASDAQ: FUTU) investor, you are encouraged to contact KTMC at: https://www.ktmc.com/futu-futu-holdings-limited-investigation?utm_source=Businesswire&utm_medium=pressrelease&utm_campaign=futu&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Futu Holdings Limited ("Futu" or the "Company") (NASDAQ: FUTU). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Futu 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 22, 2026, Reuters published an article entitled "China to crack down on 'illegal' cross-border securities." The article reported that China "would punish brokers it accused of illegally moving money to foreign markets[.]" The article further reported that online brokers, including Futu, "would be penalised for soliciting business in China without an onshore licence[.]"
On this news, the price of Futu American Depositary Shares ("ADSs") fell $34.10 per ADS, or 27.5%, to close at $89.76 per ADS on May 22, 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.
RADNOR, Pa., June 18, 2026 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, is investigating potential violations of the federal securities laws by Futu Holdings Limited (NASDAQ: FUTU) on behalf of investors who purchased or acquired Futu Holdings Limited securities and experienced significant financial losses.
FUTU Accused of Trading Without Proper Licenses
On May 22, 2026, Reuters published an article entitled, "China to crack down on ‘illegal' cross-border securities." Specifically, the article reported that China "would punish brokers it accused of illegally moving money to foreign markets", and that online brokers, including Futu, "would be penalised for soliciting business in China without an onshore licence[.]"
FUTU’s Stock Drops Over 27%
Following the news of the Reuters report, Futu’s stock price fell over 27%.
Investors who purchased Futu Holdings Limited (NASDAQ: FUTU) securities and experienced losses may have legal rights under the federal securities laws.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS
If you are a Futu Holdings Limited (NASDAQ: FUTU) investor, you are encouraged to contact KTMC at: https://www.ktmc.com/futu-futu-holdings-limited-investigation?utm_source=Globe&utm_medium=pressrelease&utm_campaign=futu&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
CONTACT:
Jonathan Naji, Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453 [email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Futu Holdings Limited (NASDAQ: FUTU) resulting from allegations that Futu may have issued materially misleading business information to the investing public.
So What: If you purchased Futu securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
What is this about: On May 22, 2026, Reuters published an article entitled "China to crack down on 'illegal' cross-border securities" The article stated that China "announced a major crackdown on cross-border investment on Friday and said it would punish brokers it accused of illegally moving money to foreign markets, sending their shares plunging." Further, "online rokers Tiger, Futu and Longbridge would be penalised for soliciting business in China without an onshore licence, the securities regulator said."
On this news, Futu American Depositary Shares ("ADSs") fell 27.5% on May 22, 2026.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Bread Financial Holdings (BFH) or Futu Holdings Limited Sponsored ADR (FUTU). But which of these two stocks is more attractive to value investors?
, /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, is investigating potential violations of the federal securities laws by Futu Holdings Limited (NASDAQ: FUTU) on behalf of investors who purchased or acquired Futu Holdings Limited securities and experienced significant financial losses.
FUTU Accused of Trading Without Proper Licenses
On May 22, 2026, Reuters published an article entitled, "China to crack down on 'illegal' cross-border securities." Specifically, the article reported that China "would punish brokers it accused of illegally moving money to foreign markets", and that online brokers, including Futu, "would be penalised for soliciting business in China without an onshore licence[.]"
FUTU's Stock Drops Over 27%
Following the news of the Reuters report, Futu's stock price fell over 27%.
Investors who purchased Futu Holdings Limited (NASDAQ: FUTU) securities and experienced losses may have legal rights under the federal securities laws.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS
If you are a Futu Holdings Limited (NASDAQ: FUTU) investor, you are encouraged to contact KTMC at: https://www.ktmc.com/futu-futu-holdings-limited-investigation?utm_source=PR_Newswire&utm_medium=pressrelease&utm_campaign=futu&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
CONTACT:
Jonathan Naji, Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
[email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
New York, New York--(Newsfile Corp. - June 19, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Futu Holdings Limited (NASDAQ: FUTU) resulting from allegations that Futu may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Futu securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: On May 22, 2026, Reuters published an article entitled "China to crack down on 'illegal' cross-border securities" The article stated that China "announced a major crackdown on cross-border investment on Friday and said it would punish brokers it accused of illegally moving money to foreign markets, sending their shares plunging." Further, "online brokers Tiger, Futu and Longbridge would be penalised for soliciting business in China without an onshore licence, the securities regulator said."
On this news, Futu American Depositary Shares ("ADSs") fell 27.5% on May 22, 2026.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302279
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Futu Holdings Limited (NASDAQ: FUTU) resulting from allegations that Futu may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Futu securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: On May 22, 2026, Reuters published an article entitled "China to crack down on 'illegal' cross-border securities." The article stated that China "announced a major crackdown on cross-border investment on Friday and said it would punish brokers it accused of illegally moving money to foreign markets, sending their shares plunging." Further, "online brokers Tiger, Futu and Longbridge would be penalised for soliciting business in China without an onshore licence, the securities regulator said."
On this news, Futu American Depositary Shares ("ADSs") fell 27.5% on May 22, 2026.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
Key Takeaways Futu added 225,000 funded accounts in Q1, lifting its total to 3.59 million, up 34.3% year over year.Futu needs about 575,000 more funded accounts this year, with Q2 growth expected to stay stable from Q1.Malaysia and Hong Kong led Q1 account additions, while Moomoo held over 55% of group-funded accounts. Futu Holdings’ (FUTU - Free Report) account story still has momentum, but 2026 will test how broad that momentum really is. In the first quarter, the company added 225,000 net new funded accounts, taking the total to 3.59 million. This was a 34.3% jump from a year earlier and kept management comfortable with its full-year goal of 800,000 additions.
The target now depends on steady delivery. After the first quarter, Futu needs about 575,000 more funded accounts across the rest of the year. On the earnings call, management said second-quarter net new funded accounts are expected to remain stable from the first quarter, which would keep the target within reach.
That push is being supported by a wider geographic mix. Malaysia and Hong Kong together contributed more than half of the first-quarter net new funded accounts. Singapore delivered double-digit sequential growth, while Japan saw stronger U.S. stock and options activity. Futu also said more than 55% of group-funded accounts were under Moomoo, its overseas brand.
Futu’s user base is growing alongside higher activity. Total users rose 14.9% to 30.2 million, brokerage accounts climbed 26.8% to 6.28 million, and client assets increased 47.2% to HK$1.22 trillion. Trading volume hit HK$4.15 trillion, with U.S. stocks at HK$3.00 trillion and Hong Kong stocks at HK$1.01 trillion.
Still, regulation remains a watch point. Futu booked a proposed RMB1.85 billion CSRC penalty, which pushed net income down 61.2% to HK$831 million (US$106.0 million). Management said mainland China-funded accounts represented about 13% of funded accounts, around 17% of client assets and roughly 20% of revenues. Still, S&P reaffirmed Futu’s BBB- rating with a stable outlook, and management said the issue should not derail its 800,000-account guidance.
How Are Interactive Brokers and Robinhood Growing?Interactive Brokers (IBKR - Free Report) kept adding clients at a fast clip. In May 2026, Interactive Brokers reported 4.995 million client accounts, up 32% year over year and 3% from April. For Interactive Brokers, that growth came with $937.3 billion in client equity and $100.9 billion in margin loans, signaling deeper client engagement overall.
Robinhood Markets (HOOD - Free Report) remains a large retail name by funded customers. HOOD reported 27.7 million funded customers at May-end, up 1.76 million year over year, with total platform assets of $377 billion. For Robinhood, $5.6 billion of May net deposits and stronger equity/options volumes show accounts are active.
FUTU's Price Performance, Valuation and EstimatesShares of Futu have declined 31% over the past three months against the industry’s growth of 8.7%.
Image Source: Zacks Investment Research
From a valuation standpoint, FUTU trades at a forward 12-month price-to-earnings of 9.85, below the industry and also lower than its one-year median of 16.15. This valuation disparity might not be as favorable as it seems. It carries a Value Score of C.
Image Source: Zacks Investment Research
Over the past 30 days, earnings estimates for both 2026 and 2027 have been revised downward, signaling a bearish outlook from analysts.
New York, New York--(Newsfile Corp. - June 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Futu Holdings Limited (NASDAQ: FUTU) resulting from allegations that Futu may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Futu securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: On May 22, 2026, Reuters published an article entitled "China to crack down on 'illegal' cross-border securities" The article stated that China "announced a major crackdown on cross-border investment on Friday and said it would punish brokers it accused of illegally moving money to foreign markets, sending their shares plunging." Further, "online brokers Tiger, Futu and Longbridge would be penalised for soliciting business in China without an onshore licence, the securities regulator said."
On this news, Futu American Depositary Shares ("ADSs") fell 27.5% on May 22, 2026.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302435
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Futu Holdings Limited (NASDAQ: FUTU) resulting from allegations that Futu may have issued materially misleading business information to the investing public.
So What: If you purchased Futu securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
What is this about: On May 22, 2026, Reuters published an article entitled "China to crack down on 'illegal' cross-border securities." The article stated that China "announced a major crackdown on cross-border investment on Friday and said it would punish brokers it accused of illegally moving money to foreign markets, sending their shares plunging." Further, "online rokers Tiger, Futu and Longbridge would be penalised for soliciting business in China without an onshore licence, the securities regulator said."
On this news, Futu American Depositary Shares ("ADSs") fell 27.5% on May 22, 2026.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Futu 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 22, 2026, Reuters published an article entitled “China to crack down on ‘illegal’ cross-border securities.” The article reported that China “would punish brokers it accused of illegally moving money to foreign markets[.]” The article further reported that online brokers, including Futu, “would be penalised for soliciting business in China without an onshore licence[.]”
On this news, the price of Futu American Depositary Shares (“ADSs”) fell $34.10 per ADS, or 27.5%, to close at $89.76 per ADS on May 22, 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.
Key Takeaways MU expects fiscal Q3 2026 revenues of $33.5B and gross margin near 81%.Seagate posted fiscal Q3 2026 revenues of $3.11B, up 44% year over year. STX expects fiscal Q4 2026 revenues of about $3.45B and EPS near $5.00. For quite some time, Micron Technology (MU - Free Report) and Seagate Technology Holdings plc (STX - Free Report) have been benefiting from the artificial intelligence (AI) boom, as rising data needs fuel demand for memory and storage solutions.
Both stocks have delivered exceptional returns of more than 600% over the past year. Let us thus see in detail why they still have further upside potential, and what makes them a compelling buy –
Micron Rides AI Wave With HBM Growth Micron is currently enjoying strong pricing power as its state-of-the-art high-bandwidth memory (“HBM”) chips are in high demand amid tight supply conditions. Demand for HBM chips has skyrocketed as hyperscalers continue to increase investments in AI infrastructure. These HBM chips can handle complex workloads efficiently while reducing power usage.
Micron now expects revenues to improve to $33.5 billion in the fiscal third quarter of 2026 from $23.86 billion in the fiscal second quarter of 2026 due to the high demand for HBM chips, according to investors.micron.com. The company’s expectations of a solid gross margin of about 81% for the fiscal third quarter of 2026 also reflect strong financial momentum and long-term growth outlook.
Supply constraints for Micron’s highly sought-after NAND flash chips are expected to continue through mid-next year, which could further strengthen margins. As a result, the company’s expected earnings growth rate for the current year is 626.5%. The Zacks Consensus Estimate of $60.23 for MU’s earnings per share (EPS) is up 392.9% year over year (read more: Micron vs. NVIDIA: One AI Stock Is a Clear Buy Right Now).
Image Source: Zacks Investment Research
Seagate’s Nearline Business Fuels Growth Seagate reported revenues of $3.11 billion in the fiscal third quarter of 2026, up 44% year over year, according to investors.seagate.com. Such revenue growth is exceptional for a hardware company, indicating strong demand for Seagate’s high-capacity storage products. Seagate’s nearline storage business, known for providing high-capacity data center drives, is the company’s key growth engine.
But revenue growth is not a one-time event. It is expected to continue in the next quarter as well. For the fiscal fourth quarter of 2026, Seagate expects revenues of $3.45 billion, plus or minus $100 million. Similarly, the company expects non-GAAP diluted EPS of $5, plus or minus $0.2, in the fiscal fourth quarter of 2026, up from $4.1 in the fiscal third quarter of 2026. The company’s solid non-GAAP gross margin of 47% in the fiscal third quarter of 2026 indicates that profitability is improving, the company is operationally efficient, and has pricing power.
Seagate’s free cash flow of $953 million in the fiscal third quarter of 2026 also indicates that the company now has sufficient funds to support future investments. As a result, the company’s expected earnings growth rate for the current year is 84.3%. The Zacks Consensus Estimate of $14.93 for STX’s EPS is up 51% year over year.
Image Source: Zacks Investment Research
Both Micron and Seagate currently have a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Stanley Druckenmiller sold his entire Alphabet (NASDAQ:GOOG | GOOG Price Prediction) stake in the first quarter of 2026 and rotated the proceeds into SanDisk (NASDAQ:SNDK), Seagate Technology (NASDAQ:STX), Micron Technology (NASDAQ:MU), Broadcom (NASDAQ:AVGO), and Arm Holdings (NASDAQ:ARM). The billionaire who built Duquesne by reading macro tea leaves, and who famously sidestepped the dot-com unwind in 2000, dumped the highest-multiple AI software franchise on the board and bought the unglamorous hardware sitting underneath it.
Memory, spinning disks, custom AI silicon, and the CPU instruction set every phone and increasingly every data center licenses. Whichever foundation model wins the AI war, all five of these companies get paid roughly the same.
What the trade actually is Druckenmiller exited a megacap with a software-services moat and rebuilt his AI exposure one floor down. The price action explains the rotation. SanDisk is up 4,800% over twelve months and 736% since the start of January alone. Micron is sitting on an 875% twelve-month gain. Seagate is up 705% on the year and Arm has gained 254% year to date. Broadcom, the laggard of the group, is still up 58% in twelve months, which in any other year would be stellar.
The thesis under the trade Every token an LLM generates needs DRAM to train it and NAND to serve it. Micron put hard numbers on that abstraction in fiscal Q2. Revenue hit $23.86 billion, up 196.3% year over year, while gross margin expanded to 74.4% from 36.8% a year earlier. Management guided the current quarter to $33.5 billion at an 81% gross margin and raised the dividend 30%. CEO Sanjay Mehrotra called memory “a strategic asset” in the AI era. That is unusual language for a man who has spent thirty years running a famously cyclical commodity business.
Seagate is the same trade in spinning-disk form. March-quarter revenue grew 44.1% to $3.11 billion, non-GAAP gross margin expanded to 47.0%, and free cash flow reached $953 million. CEO Dave Mosley said Seagate is entering “a new era of structural growth as AI applications amplify data creation.” Its Mozaic HAMR drives are qualified at five of the world’s largest cloud customers, with nearline production largely spoken for through mid-2026. Broadcom and Arm round out the trade on the compute side, supplying custom accelerator silicon and the CPU IP that every hyperscaler now licenses.
Whether retail should follow Buying SanDisk after a rip is a different trade than the one Druckenmiller made earlier this year. The underlying thesis remains intact. Hyperscaler capex is committed, memory pricing is tight through 2027, and HAMR storage is effectively sold out. The entry price now does the work the thesis used to do.
Composite sentiment on SanDisk reads 74.55, bullish with medium confidence, while Micron’s composite has slipped to 62.33 after a sharp May rally. For a retirement-focused investor, the cleanest expression of the picks-and-shovels idea is the slower compounder of the group, Broadcom, which still pays a dividend and has only just begun to move. The penthouse-to-foundation rotation is the right idea. Paying retail prices for the foundation at the all-time high is the harder question, and one Druckenmiller did not have to answer.
At $1,031.34, Seagate Technology (NASDAQ:STX | STX Price Prediction) looks fully valued, with a more attractive risk/reward profile only emerging on a macro-driven pullback toward $850.
Seagate Technology (NASDAQ:STX | STX Price Prediction) has delivered one of the market’s most remarkable runs of 2026, with the stock up 297.98% year to date as AI-driven storage demand rewrites the narrative around legacy hard drive makers. After a parabolic move from $274.90 on December 31, 2025 to $1,094.04 on June 22, 2026, the question is how much higher this can go.
Our 24/7 Wall St. price target for Seagate is $1,010.11 over the next 12 months, implying roughly 7.7% downside from current levels. Our recommendation is hold, with a 90% confidence level, reflecting high conviction in the model output even as fundamentals remain intact.
Metric Value Current Price $1,094.04 24/7 Wall St. Price Target $1,010.11 Upside/Downside -7.7% Recommendation HOLD Confidence Level 90% Why We Could Be Wrong Our 24/7 Wall St. price target sits below where Seagate trades today. STX is one of the most dynamic AI infrastructure stories in the market, and real upside could come from accelerated Mozaic 4 ramp through calendar 2026 or from HDD pricing power lasting deeper into 2028 than the model assumes. The bull case below explains why Seagate could keep rallying past our number.
From $131 to $1,094 in 12 Months Seagate has gained 746% over the past year and 34.61% in the past month alone.
The catalyst was Q3 FY26 earnings on April 28, 2026, where Seagate posted adjusted EPS of $4.10 versus $3.50 expected on revenue of $3.11 billion, up 44.07% year over year. Non-GAAP gross margin expanded to 47.0% from 36.2%, and free cash flow reached $953 million. Management guided Q4 to $3.45 billion in revenue and $5.00 EPS, fueling the move.
The Case for $1,200+ Bulls have real ammunition. Morgan Stanley raised its target to $1,035 from $767 citing HDD shortages through at least 2028. Mizuho raised its target to $1,090 from $875, JPMorgan to $920, and Wells Fargo to $900.
CEO Dave Mosley said Seagate has “exabyte-scale supply agreements in place with nearly all major cloud and hyperscale customers, with nearline capacity almost fully allocated through calendar 2027”, and management raised its annual revenue growth target to a minimum of 20% over the next few years. Our bull case scenario points to $1,217.94, an 11.32% return.
What Could Go Wrong The risk centers on valuation. STX trades at a P/E of 102 and roughly 88x forward earnings, well above the $898.09 analyst consensus target.
Insiders, including CFO Gianluca Romano and CEO Dave Mosley, sold shares in mid-June at $880.19, though bulls note these were pre-planned 10b5-1 transactions and Mosley still holds over 327,000 shares. Other risks include tariff exposure, Middle East conflict, and dilution from Exchangeable Senior Notes due 2028. Our bear case lands at $742.76, a 32.11% drawdown.
Seagate Price Prediction 2026-2030 A pullback to the $850 to $900 range would look more attractive on a risk/reward basis if HAMR qualification with remaining hyperscalers closes on schedule. The setup looks less compelling if Q4 results show softening in pricing or if exabyte shipments miss the mid-20% growth bar.
My 24/7 Wall St. price target of $1,010.11 and hold rating reflect high confidence that the easy money has been made, even though the structural AI thesis remains intact.
Here is where our model projects Seagate could trade, assuming current growth trajectories and pricing discipline hold.
Year 24/7 Wall St. Price Target 2026 $1,010 2027 $1,045 2028 $1,080 2029 $1,055 2030 $1,044 These projections assume Seagate executes the Mozaic roadmap and captures share of AI storage spend. Significant upside or downside could result from HAMR adoption pace, hyperscaler capex cycles, or competitive pressure from NAND on the storage tier.
Stanley Druckenmiller’s Duquesne Family Office disclosed positions in three AI-infrastructure semiconductor names, Broadcom (NASDAQ: AVGO | AVGO Price Prediction), Micron Technology (NASDAQ: MU), and Seagate Technology (NASDAQ: STX) in its 13F for the quarter ended March 31, 2026, filed May 15, 2026. Per the disclosure, Broadcom is the largest position of the three, Seagate is next, and Micron is the smallest. These are sized as thematic exposure rather than core, high-conviction positions.
The unifying thesis is straightforward: every layer of the AI build-out, custom silicon, memory, and high-capacity storage, has been compounding revenue and margins faster than the broader tech tape.
Broadcom: The Custom-Silicon Flywheel Broadcom posted Q2 FY2026 revenue of $22.19 billion, up 47.9% year over year, with AI semiconductor revenue of $10.80 billion, up 143%. CEO Hock Tan guided “semiconductor revenue from AI to grow over 200 percent year-over-year to $16.0 billion” in Q3.
Shares closed most recently at $380.15, against a Wall Street consensus target of $523.84. The bull case is based on hyperscaler ASIC wins plus the VMware annuity. For the bear case, a forward P/E of 36x already prices in the 200% AI growth figure, and the stock is down 8.2% over the past month.
Seagate: AI Storage With a Margin Story Seagate’s Q3 FY2026 revenue rose 44.1% to $3.11 billion, with non-GAAP EPS of $4.10 and gross margin expanding to 47.0% from 36.2%. CEO Dave Mosley framed it as “a new era of structural growth as AI applications amplify data creation,” with HAMR-based Mozaic drives now qualified at some of the world’s largest cloud customers.
The bull case here hinges on build-to-order visibility through mid-2026 and a nine-quarter margin streak. On the other hand, shares are up 277.1% year to date to $1,038.59, trading above the analyst target of $898.09, with a forward P/E of 44x.
Micron: The Data Point That Splits the Room Micron’s Q2 FY2026 revenue jumped 196.3% to $23.86 billion, with non-GAAP EPS of $12.20 and GAAP gross margin of 74.4%. Management guided Q3 revenue to $33.50 billion at roughly 81% gross margin and raised the dividend 30%.
The valuation debate is sharp here: shares closed at $1,051.77 after a 13.2% single-day decline, while the consensus target of $945.60 implies modest downside, though analyst ratings skew heavily positive. The forward P/E of 11 is the cheapest of the three, but memory remains cyclical.
The Verdict For a retirement-focused investor, the takeaway is that Druckenmiller’s filing validates the AI-infrastructure thesis at the thematic level, while entry price remains a separate question. Broadcom looks like the most defensible secular compounder, given the software annuity behind the silicon. Seagate offers the cleanest margin story but the thinnest valuation cushion after a 690% one-year run. Micron’s earnings power is enormous, yet the gap between fundamentals and analyst targets warrants patience.
Following smart money on the thesis is reasonable; entry price still requires its own discipline. Sizing these as thematic exposure, as Duquesne did, is the more faithful replication of the trade.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of SailPoint, Inc. ("SailPoint" or the "Company") (NASDAQ: SAIL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether SailPoint 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 June 9, 2026, SailPoint reported its financial results for the first quarter of its 2027 fiscal year. Although SailPoint reported adjusted EPS above consensus expectations and strong year-over-year revenue growth, management's outlook for future quarters was more cautious and warned that foreign-exchange headwinds would dampen annual recurring revenue growth.
On this news, SailPoint's stock price fell $2.03 per share, or 11.48%, to close at $15.66 per share on June 9, 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.
NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of SailPoint, Inc. (“SailPoint” or the “Company”) (NASDAQ: SAIL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether SailPoint 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 June 9, 2026, SailPoint reported its financial results for the first quarter of its 2027 fiscal year. Although SailPoint reported adjusted EPS above consensus expectations and strong year-over-year revenue growth, management’s outlook for future quarters was more cautious and warned that foreign-exchange headwinds would dampen annual recurring revenue growth.
On this news, SailPoint’s stock price fell $2.03 per share, or 11.48%, to close at $15.66 per share on June 9, 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.
SANTA CLARA, Calif., June 17, 2026 (GLOBE NEWSWIRE) -- Netskope (NASDAQ: NTSK), a leader in modern security and networking for the cloud and AI era, today announced its upcoming integration with Amazon Bedrock AgentCore. The upcoming integration reflects Netskope’s commitment to extending the security controls customers already trust into agentic workflows.
Amazon Bedrock AgentCore is the platform to build, connect, and optimize agents at scale. Through its policy engine, AgentCore enforces real-time, deterministic controls at the gateway across all agent traffic, including agent-to-tool, agent-to-LLM, and agent-to-agent communications.
With this upcoming integration,
Netskope One AI Guardrails gains the ability to provide complementary detection capabilities including prompt injection detection, sensitive data exposure protection, toxic output filtering, restricted topic enforcement, and model response validation that feed into the AgentCore policy. AgentCore acts on those signals at the gateway, outside the agent’s reasoning loop, so enterprise security teams can apply Netskope’s detection alongside deterministic, automated enforcement. Because detection can be probabilistic, but enforcement stays deterministic, customers gain consistent allow-or-deny decisions on every agent’s action.
“The newest software in your enterprise doesn’t wait for a human to click, and it demands a new security model. The agentic era requires the same security rigor for software agents that we’ve always applied to human users,” said John Martin, Chief Product Officer, Netskope. “Our collaboration with AWS to bring Netskope AI Guardrails into agent workflows managed by Amazon Bedrock AgentCore lets organizations move AI agents into production with the confidence that what an AI agent is allowed to do and what it actually does are actually the same thing.”
The upcoming integration with Amazon Bedrock AgentCore Guardrails will be Netskope’s latest advancement in securing AI workloads for AWS customers.
Netskope is consistently recognized as a trusted defender of critical, AI-ready enterprise infrastructure and continues to collaborate with leading frontier AI models on important work designed to secure and defend organizations at AI speed, including Anthropic’s Project Glasswing and OpenAI’s Trusted Access for Cyber (TAC) program.
Security and networking practitioners seeking to transition from AI experimentation to high-performance innovation without compromising security or compliance can learn more by registering for one of Netskope’s interactive sessions in its global roadshow series, AI in the Fast Lane.
About Netskope
Netskope (NASDAQ: NTSK), a leader in modern security and networking for the cloud and AI era, addresses the needs of both security and networking teams by providing optimized access and real-time, context-based security for the AI ecosystem inclusive of agents, applications, tools, LLMs, people, devices, and data. Thousands of customers, including more than 30 of the Fortune 100, trust the Netskope One platform, its Zero Trust Engine, and its powerful NewEdge network to reduce risk and gain full visibility and control over cloud, AI, SaaS, web, and private applications – providing security and accelerating performance without trade-offs. Learn more at netskope.com, Netskope.ai, on LinkedIn, and Instagram.
Forward-Looking Statements
This press release contains forward-looking statements regarding the availability and functional capabilities of the upcoming integration with Amazon Bedrock AgentCore. These forward-looking statements remain subject to change. The above describes the current vision and direction for the integration, however a significant number of factors could cause the availability and functionality to differ. The statements are not a commitment to deliver any integration or functionality, should not be relied upon in making purchasing decisions, and may not be incorporated into any contract. The development, release, and timing of the integration and functionality described for Netskope’s platform and services remains at the sole discretion of Netskope.
I get it. The new world order is supposed to have electric cars and busses eliminating our dependence on oil, solar and clean nuclear is supposed to dominate, and we are all going to have some sort of energy epiphany. The reality of the situation is that, we are not criminals for following the current protocol and the transition will inevitably take much longer than originally expected.
That brings us to today’s Bear of the Day, Zacks Rank #5 (Strong Sell) Blue Bird ((BLBD - Free Report) ). Blue Bird has been one of the market's more surprising winners over the past few years. The school bus manufacturer has capitalized on pricing power, replacement demand, and enthusiasm surrounding electric school buses. The company continues to post solid profits and recently raised its fiscal 2026 guidance after another strong quarter.
The problem is that a lot of that good news may already be priced in. Unit sales actually declined during the latest quarter, with revenue growth increasingly driven by pricing rather than underlying volume expansion. The company's electric bus business remains dependent on government incentives and school district funding cycles, which can be unpredictable. Meanwhile, investors are assigning a premium multiple to a company operating in what is ultimately a cyclical and relatively mature end market.
There are also execution risks ahead. Blue Bird recently acquired full ownership of its Micro Bird joint venture, a deal that broadens its product portfolio but also introduces integration risk and additional operational complexity. At the same time, management has acknowledged navigating tariffs and supply chain pressures, both of which could weigh on margins if costs prove more persistent than expected.
From my perspective, BLBD looks like a classic case of expectations getting ahead of reality. It's a good company with a strong niche, but investors appear to be pricing it as though every school district in America is about to embark on an unlimited replacement cycle and electric adoption story. If bus volumes soften, government funding cools, or margins come under pressure, this stock could quickly remind investors that even great rides eventually hit a speed bump.
Blue Bird is in the Automotive – Domestic industry which ranks in the Bottom 35% of our Zacks Industry Rank. There are other stocks within this industry that are in the good graces of our Zacks Rank. These include Zacks Rank #2 (Buy) stocks Federal Signal (FSS) and Xos (XOS).
In the latest close session, Blue Bird (BLBD - Free Report) was down 2.88% at $73.72. This change lagged the S&P 500's 1.44% loss on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Heading into today, shares of the school bus maker had gained 14.49% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 3.79% and the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Blue Bird in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.21, marking a 1.68% rise compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.67 per share and revenue of $0 million, indicating changes of +6.62% and 0%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Blue Bird should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Blue Bird is currently a Zacks Rank #4 (Sell).
Investors should also note Blue Bird's current valuation metrics, including its Forward P/E ratio of 16.25. This indicates a discount in contrast to its industry's Forward P/E of 20.13.
One should further note that BLBD currently holds a PEG ratio of 0.99. 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 Automotive - Domestic was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 104, this industry ranks in the top 43% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.
