, /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Planet Fitness, Inc. ("Planet Fitness" or the "Company") (NYSE: PLNT) common stock between November 6, 2025, and May 6, 2026, inclusive (the "Class
Period").
PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION
Investors who purchased Planet Fitness shares during the class period and suffered losses may be eligible to participate in the case, with the lead-plaintiff deadline set for September 14, 2026.
The filed complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that:
Planet Fitness could not continue to grow its membership rate to the level necessary without a significant overhaul to its marketing message or the introduction of new marketing campaigns, nor could it proceed with the planned rollout of the Black Card price increase that such guidance was significantly reliant upon; and as result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. On May 7, 2026, Planet Fitness released its first quarter 2026 financial results, slashing same-store growth from 4-5% to only 1%, and completely withdrawing its long-term three-year growth algorithm it had introduced just six months prior, citing, among other things, an over-pivoted marketing campaign that failed to resonate with its core customer base, alongside external competition. The Company further disclosed that it was pausing its planned national rollout of its Black Card price increase to prioritize revitalizing new membership growth.
On this news, Planet Fitness's stock price fell $19.95, or 31.2%, to close at $44.01 per share on May 7, 2026.
WHY WOLF HALDENSTEIN?
This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.
We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.
There is no cost or obligation to speak with an attorney.
Contact:
Phone: (800) 575-0735 or (212) 545-4774 Email: [email protected] Contact Person: Gregory Stone, Director of Case and Financial Analysis Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.
Black Monday was on Monday, October 19, 1987, almost 40 years ago, and market veterans and long-time investors usually mention one important item: nobody really saw it coming or expected it. When the smoke cleared on the close that day, the Dow Jones Industrial Average dropped a stunning 22%. A similar sell-off today would be an incredible 11,562 points. The major difference between then and now is how much has changed in the financial world and investing over the past 40 years, and investors should be much better prepared for a crash or major sell-off. One of the best ways to stay prepared for a market downturn is to have Dividend Kings in your portfolio.
The Dividend Kings are the 57 companies that have raised their dividends for at least 50 years, a testament to their dependability and reliability. Those are two “must-have” items for investors who rely on passive income to boost their overall revenue. Unlike the Dividend Aristocrats, the Dividend Kings do not have to be members of the S&P 500. We screened the list for stocks that investors may be less familiar with and identified five top companies that not only survived Black Monday, the dot-com implosion, the 2007/2008 real estate crash, the 2020 COVID-19 sell-off, and more, but also continued to thrive even in down markets. For Boomers and retirees of all ages, if you’re looking for dependable passive income with the potential for solid total return, these are the companies you need to own.
All five of the Dividend Kings that have survived and thrived through every market meltdown are the kind of long-term holdings for growth and income investors who can buy and hold forever. Plus, they are all Buy-rated at the top Wall Street firms we cover.
Why We Recommend the Dividend Kings
Companies that have paid and raised dividends for 50 years or more are the kind of stocks that growth and income investors want to buy and hold in stock portfolios forever. These stocks are mostly conservative, and should we see a dramatic market correction, they will likely hold their ground much better than volatile technology names.
Coca-Cola Coca-Cola (NYSE: KO | KO Price Prediction) is an American multinational corporation founded in 1892. It remains a top long-term holding of Warren Buffett, whose 400 million shares are 9.3% of the float and 9.9% of the portfolio. The stock pays a dependable 2.51% dividend.
Coca-Cola is the world’s largest beverage company, offering consumers more than 500 sparkling and still brands. Led by Coca-Cola, one of the world’s most valuable and recognizable brands, the company’s portfolio features 20 billion-dollar brands, including:
Diet Coke Coca-Cola Light Coca-Cola Zero Sugar Caffeine-free Diet Coke Cherry Coke Fanta Orange Fanta Zero Orange Fanta Zero Sugar Fanta Apple Sprite Sprite Zero Sugar Simply Orange Simply Apple Simply Grapefruit Fresca Schweppes Dasani Fuze Tea Glacéau Smartwater Glacéau Vitaminwater Gold Peak Ice Dew Powerade Topo Chico Minute Maid Globally, it is the top provider of sparkling beverages, ready-to-drink coffees, juices, and juice drinks. Through the world’s most extensive beverage distribution system, consumers in more than 200 countries enjoy the company’s beverages at a rate of over 1.9 billion servings per day. And remember that the company owns 19.5% of Monster Beverage (NASDAQ: MNST), which continues to deliver strong financial results.
UBS has a Buy rating with a $98 target price on the shares.
Colgate-Palmolive This consumer staples giant has been an outstanding idea for conservative investors, having paid a dividend every year since 1895 and currently yielding 2.31%. Colgate-Palmolive (NYSE: CL) is a growth company focused on Oral Care, Personal Care, Home Care, and Pet Nutrition.
The company sells its products under such brands as:
Colgate Palmolive Elmex Hello Meridol Sorriso Tom’s of Maine EltaMD Filorga Irish Spring Lady Speed Stick PCA SKIN Protex Sanex Softsoap Speed Stick Ajax Axion Fabuloso Murphy Soupline Suavitel Hill’s Science Diet and Hill’s Prescription Diet The Home Care product segment is managed geographically in five segments:
North America Latin America Europe Asia Pacific Africa/Eurasia All the segments sell primarily to a variety of traditional and e-commerce retailers, wholesalers, distributors, dentists, and skin health professionals.
The Pet Nutrition products include specialty pet nutrition products manufactured and marketed by Hill’s Pet Nutrition. Customers of Pet Nutrition products include authorized pet supply retailers, veterinarians, and e-commerce retailers.
UBS has a Buy rating with a $106 target price.
Kimberly-Clark Kimberly-Clark (NYSE: KMB) is an American multinational personal care company that primarily manufactures and markets paper-based consumer products worldwide. The stock is also outperforming the index this year, up over 13%. Yielding 4.65%, the company raised its dividend for the 54th consecutive year earlier this year, retaining its spot on the Dividend Kings list.
It operates through three segments. The Personal Care segment offers a diverse range of products, including:
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Disposable diapers Swim pants, training and youth pants, baby wipes Feminine and incontinence care products It provides related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depends, Plenitud, Softex, Poise, and other brand names.
The Consumer Tissue segment provides facial and bathroom tissues, paper towels, napkins, and related products under these brand names:
Kleenex Scott Cottonelle Viva Andrex Scottex Neve The K-C Professional segment offers wipers, tissues, towels, apparel, soaps, and sanitizers under the Kleenex, Scott, WypAll, Kimtech, and KleenGuard brands.
In 2025, Kimberly-Clark announced it would acquire Kenvue (NYSE: KVUE) in a $48.7 billion deal, with the transaction expected to close in the second half of 2026. The acquisition will create a combined consumer health and wellness company, with Kenvue shareholders receiving cash and stock. Kenvue shareholders will get $3.50 in cash plus 0.14625 shares of Kimberly-Clark.
Piper Sandler has an Overweight rating with a $121 target price.
PepsiCo This top consumer staples stock reported solid second-quarter earnings and will continue to supply all the goods for summer picnics and parties. PepsiCo (NYSE: PEP) is a global food and beverage company with a solid 4.26% dividend yield.
Its Frito-Lay North America segment offers:
Lays and Ruffles potato chips Doritos, Tostitos, and Santitas tortilla chips Cheetos cheese-flavored snacks, branded dips Fritos corn chips The company’s Quaker Foods North America segment provides:
Quaker Oatmeal Grits Rice cakes Natural granola and oat squares Pearl Milling mixes and syrups Quaker Chewy granola bars Cap’n Crunch cereal Life cereal Rice-A-Roni side dishes PepsiCo’s North America Beverages segment offers beverage concentrates, fountain syrups, and finished goods under these brands:
Pepsi Gatorade Mountain Dew Diet Pepsi Aquafina Diet Mountain Dew Tropicana Pure Premium Sierra Mist Mug BNP Paribas has an Outperform rating with a $183 target price.
Procter & Gamble Procter & Gamble (NYSE: PG) was founded more than 185 years ago as a soap-and-candle company. It has paid dividends to shareholders since 1891, raised them for 70 straight years, and currently pays a 2.85% dividend. Procter & Gamble focuses on providing branded consumer packaged goods worldwide.
The company’s segments include:
Beauty Grooming Health Care Fabric & Home Care Baby Feminine & Family Care Its products are sold in approximately 180 countries and territories primarily through mass merchandisers, e-commerce, including social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, including airport duty-free stores, high-frequency stores, pharmacies, electronics stores, and professional channels. It also sells directly to individual consumers. It has operations in approximately 70 countries.
Procter & Gamble offers products under such brands as:
Head & Shoulders Herbal Essences Pantene Rejoice Olay Old Spice Safeguard Secret SK-II Braun Gillette Venus Crest Oral-B Ariel Downy Gain Tide Always Always Discreet Tampax Bounty Jefferies has a Buy rating with a $179 price objective.
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Study substantially exceeded enrollment target of 500 patients
Topline results anticipated in Q1 2027
THE WOODLANDS, Texas, July 27, 2026 (GLOBE NEWSWIRE) -- Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) today announced that randomization of patients has been completed in the pivotal Phase 3 “SOtaglifloziN in Patients with SymptomATic obstructive And non-obstructive Hypertrophic CardioMyopathy (SONATA-HCM)” clinical trial evaluating sotagliflozin in patients with non-obstructive (nHCM) and obstructive (oHCM) hypertrophic cardiomyopathy.
The study substantially exceeded its enrollment target of 500 patients across more than 130 sites in 20 countries. The primary efficacy endpoint will assess improvement in symptoms for the entire population (nHCM and oHCM). The final study population included a substantial majority of patients with non-obstructive HCM, providing a robust opportunity to evaluate sotagliflozin in a patient group for whom effective treatment options remain limited, as well as a meaningful cohort of patients with obstructive HCM. Lexicon believes the final study population will enable a thorough assessment of sotagliflozin's potential across the spectrum of symptomatic HCM. Topline results are anticipated in the first quarter of 2027.
“Completion of patient enrollment in SONATA-HCM marks an important milestone for patients living with the symptoms of HCM, a chronic, progressive disease,” said Craig Granowitz, M.D., Ph.D., Lexicon’s senior vice president and chief medical officer. “We believe that sotagliflozin, a dual SGLT1 and SGLT2 inhibitor with a unique mechanism of action as compared to currently available treatments, has the potential to be a differentiated option for symptomatic HCM patients. We look forward to sharing topline results in the first quarter of 2027.”
SONATA-HCM is the only ongoing Phase 3 study in both non-obstructive and obstructive HCM and is the largest Phase 3 study including both nHCM and oHCM to date. SONATA-HCM is a randomized, double-blind, placebo-controlled, multinational trial that is evaluating the efficacy of sotagliflozin on symptoms, function, and other patient-reported outcomes, as well as safety, in patients with symptomatic HCM. The primary efficacy endpoint is improvement in symptoms, as measured by change from baseline to week 26 in the Kansas City Cardiomyopathy Questionnaire Clinical Summary Score (KCCQ CSS). Patients with symptomatic HCM on a stable dose of guideline-directed therapy for HCM, including cardiac myosin inhibitors, were permitted to enroll in the study depending on certain criteria.
“For patients living with hypertrophic cardiomyopathy, there remains a significant need for additional treatment options that can help address persistent symptoms and improve daily function,” said Sharlene M. Day, M.D., co-principal investigator for SONATA-HCM, Presidential Professor, Director of Translational Research of the Penn Cardiovascular Institute, University of Pennsylvania. “Having a well-tolerated medication with a distinct mechanism of action that can complement other therapies would be an important advance for physicians and patients.”
“Completing enrollment in SONATA-HCM is a major achievement for the HCM community and reflects the commitment of investigators, study teams and participants,” said Carolyn Y. Ho, M.D., co-principal investigator for SONATA-HCM, Professor of Medicine at Harvard Medical School and Medical Director of the Cardiovascular Genetics Center at Brigham and Women’s Hospital. “We are grateful to the patients involved in this trial, whose partnership is essential to advancing research and hopefully bringing a novel treatment option to people living with HCM.”
About Sotagliflozin
Discovered using Lexicon’s unique approach to gene science, sotagliflozin is an oral inhibitor of two proteins responsible for glucose regulation known as sodium-glucose cotransporter types 2 and 1 (SGLT2 and SGLT1). SGLT2 is responsible for glucose and sodium reabsorption by the kidney and SGLT1 is responsible for glucose and sodium absorption in the gastrointestinal tract. Sotagliflozin has been studied in multiple patient populations encompassing heart failure, diabetes, and chronic kidney disease in clinical studies involving approximately 20,000 patients. Sotagliflozin is also currently under investigation for hypertrophic cardiomyopathy (HCM).
About Lexicon Pharmaceuticals
Lexicon is a biopharmaceutical company with a mission of pioneering medicines that transform patients’ lives. Lexicon has a pipeline of drug candidates in discovery, preclinical, and clinical development in neuropathic pain, hypertrophic cardiomyopathy (HCM), obesity and metabolic disorders, and other cardiometabolic indications. For additional information, please visit www.lexpharma.com.
Safe Harbor Statement
This press release contains “forward-looking statements,” including statements relating to the research, development and therapeutic and commercial potential of sotagliflozin in hypertrophic cardiomyopathy. In addition, this press release may also contain forward-looking statements relating to Lexicon’s financial position and long-term outlook on its business, including the commercialization of its approved products and the clinical development of, regulatory filings for, and potential therapeutic and commercial potential of its other drug candidates. In addition, this press release also contains forward looking statements relating to Lexicon’s growth and future operating results, discovery, development and commercialization of products, strategic alliances and intellectual property, as well as other matters that are not historical facts or information. All forward-looking statements are based on management’s current assumptions and expectations and involve risks, uncertainties and other important factors, specifically including Lexicon’s ability to meet its capital requirements, successfully commercialize its approved products, successfully conduct preclinical and clinical development and obtain necessary regulatory approvals of its other drug candidates on its anticipated timelines, achieve its operational objectives, obtain patent protection for its discoveries and establish strategic alliances, as well as additional factors relating to manufacturing, intellectual property rights, and the therapeutic or commercial value of its approved products and other drug candidates. Any of these risks, uncertainties and other factors may cause Lexicon’s actual results to be materially different from any future results expressed or implied by such forward-looking statements. Information identifying such important factors is contained under “Risk Factors” in Lexicon’s annual report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission. Lexicon undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.
For Media Inquiries:
Dave Belian
Lexicon Pharmaceuticals, Inc. [email protected]
For Investor Inquiries:
Lisa DeFrancesco
Lexicon Pharmaceuticals, Inc. [email protected]
Podle stratégů Morgan Stanley se investiční příběh umělé inteligence postupně posouvá od výrobců čipů a poskytovatelů infrastruktury k firmám, které AI dokážou efektivně nasazovat do každodenního fungování.
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Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius
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Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.
As we see from our previous chart, USDJPY managed to pass above the short-term resistance zone of 161.95 which shows a strong advance still ongoing.
Prices fell toward 160.50-70 on the suspected intervention before bouncing back toward target 163.80
Market managed to print above 163.80 which may lead for farther advance later
Traders should take precautionary measures as the Bank Of Japan could intervene any time in the market.
SUPPORT RESISTANCE LEVEL1 162.10-40 163.80 LEVEL2 160.50-70 165.50 LEVEL3 158.00-50 167.00 Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.
Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.
Houlihan Lokey (HLI) will show the pressures of the environment on results in a few days' time. The issue is that being mid-market and therefore sponsor indexed, and also tech indexed, not a lot is going right for them when there's upside risk on cost of capital. Restructuring activity may sequentially improve, but robust US macro conditions limit major upside.
Shares of Archer Aviation (ACHR -6.65%) have been jumping recently after the company announced new aircraft stemming from its partnership with Anduril, a defense technology and autonomous systems company. It's a huge deal for Archer, an electric vertical take-off and landing (eVTOL) stock that has been in a tailspin for much of the year.
Archer's CEO is bullish on the opportunities this could unlock for the company. However, despite the positive news, the eVTOL stock is still down 37% year to date. Could now be a good time to buy it?
Image source: Getty Images.
Archer unveils Thunder and Halo Last week, Archer announced details around a new autonomous VTOL platform it had developed with Anduril, which can be used for both commercial and defense purposes. One of the new aircraft from the platform, Thunder, will provide speed, range, and payload that are necessary for defense applications, while also being cost-efficient. Archer expects Thunder's first flight to take place next year. A few days later, the company also unveiled Halo, which is the commercial variant that it developed with Anduril. Like Thunder, it will be autonomous and be able to take on heavy payloads. Archer has already been working on certifying its piloted eVTOL Midnight aircraft, which is designed for air taxi services.
In announcing the news, Archer CEO Adam Goldstein said, "This is the most sophisticated vertical lift aircraft platform ever developed--it's exactly what our customers need." The opportunities could be significant for Archer, particularly in defense, where demand can be high.
Today's Change
(
-6.65
%) $
-0.34
Current Price
$
4.77
Is Archer's stock destined to soar higher? Archer's stock rose by around 20% on the day that it announced Thunder and the program with Anduril.
The market remains hesitant, however, because while the opportunities are significant, so too are the risks and uncertainties. Archer's aircraft still requires certification, and until it begins manufacturing at scale, it'll be difficult to know just how long it may take for the business to become profitable, as it's a capital-intensive industry. Its losses have also been growing, totaling $743 million over the trailing 12 months.
The eVTOL stock may be a compelling option for growth investors to consider, but this is an investment that will clearly require a lot of patience, as it'll take time for Archer to generate any significant revenue and even longer before it has any hope of achieving profitability. But with its opportunities expanding in scope due to the new platform it has developed with Anduril, Archer's stock clearly has a lot of upside and room to grow.
VANCOUVER, BC / ACCESS Newswire / July 27, 2026 / (TSXV:OGN)(OTCQX:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce updates for its partner funded exploration stage projects and royalties for the first half of 2026 and forecast for the remainder of the year. Highlights Approximately 44,000 metres of partner-funded drilling completed or underway on seven exploration stage projects where Orogen holds various royalty interests Over 7,000 metres of conversion drilling completed at Ermitano's Navidad/Winter deposit, where Orogen holds a cash-flowing 2% net smelter return ("NSR") royalty Received $1.72 million from the sale of projects and payments from exploration partners year to date Two new royalties created from project sales New pipeline of projects generated from partner-funded gold exploration in Nevada and Utah, and from Orogen's internally funded programs Additional six drill programs with 25,000 metres of drilling estimated in H2-2026 Paddy Nicol, CEO of Orogen, commented, "Orogen's strategy is built on a scalable business model of profitably generating highly prospective exploration stage mineral projects and advancing them through strategic partnerships, while retaining royalties.
Company Reduces Shipment Guidance, Raises Cost Expectations
, /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary financial results for the second quarter ending June 30, 2026. The company plans to release its definitive second quarter financial results on August 7, 2026.
(millions, except per share)
Three months ended
Jun. 30, 2026
Net loss
($12.3)
Net loss per diluted share
($0.96)
Adjusted EBITDA(1)
$25.6
Tons of coal sold
3.5
__________________________________
1. This is a non-GAAP financial measure. A reconciliation of Net loss to Adjusted EBITDA is included in tables accompanying the financial schedules.
"Today we are providing an early look at our financial results for the second quarter, which included lighter-than-expected shipment volumes," said Andy Eidson, Alpha's chief executive officer. "Based on our first half performance, continued met coal market weakness, and the previously announced equipment damage at Dominion Terminal Associates (DTA), we are reducing our expected sales volumes for the year. As a result of lower tonnage and higher supplies and maintenance costs, we are raising our cost of coal sales guidance to reflect these challenges. While the wind-related equipment damage at DTA is unfortunate, we are grateful to the terminal leaders who have worked safely and resourcefully to keep the terminal operational at its best possible efficiency given the circumstances. We expect to provide more information about our plans at DTA when we announce our definitive Q2 financial results on August 7."
Preliminary Financial Performance
Alpha expects to report a net loss of $12.3 million, or $0.96 per diluted share, for the second quarter 2026.
For the second quarter, total Adjusted EBITDA was $25.6 million.
Coal Revenues
(millions)
Three months ended
Jun. 30, 2026
Met segment
$491.5
Met segment (excl. freight & handling)(1)
$421.3
Tons Sold
(millions)
Three months ended
Jun. 30, 2026
Met segment
3.5
__________________________________
1. Represents Non-GAAP coal revenues which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."
Coal Sales Realization(1)
(per ton)
Three months ended
Jun. 30, 2026
Met segment
$118.71
__________________________________
1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."
Second quarter net realized pricing for the Met segment was $118.71 per ton.
The table below provides a breakdown of our Met segment coal sold in the second quarter by pricing mechanism.
(in millions, except per ton data)
Met Segment Sales
Three months ended Jun. 30, 2026
Tons Sold
Coal Revenues
Realization/ton(1)
% of Met Tons Sold
Domestic
0.9
$124.8
$134.37
30 %
Export - Australian indexed
0.7
$98.5
$143.82
22 %
Export - other pricing mechanisms
1.5
$162.9
$109.08
48 %
Total Met coal revenues
3.1
$386.2
$124.30
100 %
Thermal coal revenues
0.4
$35.1
$79.36
Total Met segment coal revenues (excl. freight & handling)(1)
3.5
$421.3
$118.71
__________________________________
1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."
Cost of Coal Sales
(in millions, except per ton data)
Three months ended
Jun. 30, 2026
Met segment
$443.7
Met segment (excl. freight & handling/idle)(1)
$365.8
(per ton)
Met segment(1)
$103.07
__________________________________
1. Represents Non-GAAP cost of coal sales and Non-GAAP cost of coal sales per ton which are defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."
Liquidity and Capital Resources
As of June 30, 2026, the company had total liquidity of $447.8 million, including cash and cash equivalents of $307.6 million, short-term investments of $30.9 million, and $184.3 million of unused availability under the asset-based revolving credit facility (ABL), partially offset by a minimum required liquidity of $75.0 million as required by the ABL. As of June 30, 2026, the company had no borrowings and $40.7 million in letters of credit outstanding under the ABL. Total long-term debt, including the current portion of long-term debt as of June 30, 2026, was $11.4 million.
Share Repurchase Program
As previously announced, Alpha's board of directors authorized a share repurchase program allowing for the expenditure of up to $1.5 billion for the repurchase of the company's common stock. As of June 30, 2026, the company had acquired approximately 7.0 million shares of common stock at a cost of approximately $1.2 billion since the start of the program. During the second quarter of 2026, the company spent approximately $13.5 million for the repurchase of roughly 69,000 shares. The number of common stock shares outstanding as of June 30, 2026 was 12,685,495, not including the potential effect of unvested equity awards.
The timing and amount of share repurchases will be based on various factors, including but not limited to market conditions, the trading price of the stock, applicable legal requirements, compliance with the provisions of the company's debt agreements, and other factors.
2026 Guidance Adjustments
Alpha is lowering its 2026 metallurgical coal sales volume guidance to a range of 13.2 million to 14.0 million tons, down from the prior range of 14.4 million to 15.4 million tons. The company is increasing incidental thermal coal sales volume guidance to a range of 1.0 million to 1.4 million tons, up from the prior range of 0.7 million to 1.1 million tons. This brings total shipment expectations for the year to a range of 14.2 million to 15.4 million tons, down from 15.1 million to 16.5 million tons.
The company is increasing its cost of coal sales guidance to $103.00 to $107.00, up from the prior range of $95.00 to $101.00 per ton.
An update on operational performance and percentages of committed and priced tonnage at the midpoint of guidance will be announced alongside Alpha's definitive second quarter financial results on August 7, 2026.
Note About Preliminary Results
The financial results presented in this release are preliminary and may change. This preliminary financial information includes calculations or figures that have been prepared internally by management. There can be no assurance that the Company's actual results for the periods presented herein will not differ from the preliminary financial results presented herein, and such changes could be material. These preliminary financial results should not be viewed as a substitute for full financial statements prepared in accordance with GAAP and are not necessarily indicative of the results to be achieved for any future periods. This preliminary financial information could be impacted by the effects of the Company's financial closing procedures, final adjustments, and other developments.
Earnings Announcement and Conference Call
The company plans to announce its definitive second quarter 2026 financial results before the market opens on Friday, August 7, 2026. The company also expects to hold a conference call regarding its second quarter 2026 results on August 7, 2026, at 10:00 a.m. Eastern time. The conference call will be available live on the investor section of the company's website at https://alphametresources.com/investors. Analysts who would like to participate in the conference call should dial 877-407-0832 (domestic toll-free) or 201-689-8433 (international) approximately 15 minutes prior to start time.
About Alpha Metallurgical Resources
Alpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com.
Forward-Looking Statements
This news release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur. See Alpha's filings with the U.S. Securities and Exchange Commission for more information.
FINANCIAL TABLES FOLLOW
Non-GAAP Financial Measures
The discussion below contains "non-GAAP financial measures." These are financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable measures calculated and presented in accordance with generally accepted accounting principles in the United States ("U.S. GAAP" or "GAAP"). Specifically, we make use of the non-GAAP financial measures "Adjusted EBITDA," "non-GAAP coal revenues," "non-GAAP coal sales realization per ton," "non-GAAP cost of coal sales," "non-GAAP cost of coal sales per ton," "non-GAAP coal margin," and "non-GAAP coal margin per ton." In addition to net income (loss), we use Adjusted EBITDA to measure the operating performance of our reportable segment. Adjusted EBITDA does not purport to be an alternative to net income (loss) as a measure of operating performance or any other measure of operating results, financial performance, or liquidity presented in accordance with GAAP. Moreover, this measure is not calculated identically by all companies and therefore may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA is presented because management believes it is a useful indicator of the financial performance of our coal operations. We use non-GAAP coal revenues to present coal revenues generated, excluding freight and handling fulfillment revenues. Non-GAAP coal sales realization per ton is calculated as non-GAAP coal revenues divided by tons sold. We use non-GAAP cost of coal sales to adjust cost of coal sales to remove freight and handling costs, depreciation, depletion and amortization - production (excluding the depreciation, depletion and amortization related to selling, general and administrative functions), accretion on asset retirement obligations, amortization of acquired intangibles, and idled and closed mine costs. Non-GAAP cost of coal sales per ton is calculated as non-GAAP cost of coal sales divided by tons sold. Non-GAAP coal margin is calculated as non-GAAP coal revenues less non-GAAP cost of coal sales. Non-GAAP coal margin per ton is calculated as non-GAAP coal margin divided by tons sold. The presentation of these measures should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP.
Management uses non-GAAP financial measures to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. The definition of these non-GAAP measures may be changed periodically by management to adjust for significant items important to an understanding of operating trends and to adjust for items that may not reflect the trend of future results by excluding transactions that are not indicative of our core operating performance. Furthermore, analogous measures are used by industry analysts to evaluate our operating performance. Because not all companies use identical calculations, the presentations of these measures may not be comparable to other similarly titled measures of other companies and can differ significantly from company to company depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate, capital investments and other factors.
Included below are reconciliations of non-GAAP financial measures to GAAP financial measures.
ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES
PRELIMINARY ADJUSTED EBITDA RECONCILIATION
(Amounts in thousands)
Three Months Ended
June 30, 2026
Net loss
$ (12,252)
Interest expense
962
Interest income
(2,919)
Income tax benefit
(6,595)
Depreciation, depletion, and amortization
36,044
Non-cash stock compensation expense
4,236
Accretion on asset retirement obligations
5,214
Amortization of acquired intangibles
876
Adjusted EBITDA
$ 25,566
ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES
PRELIMINARY RESULTS OF OPERATIONS
Three Months Ended
(In thousands, except for per ton data)
June 30, 2026
Coal revenues
$ 491,505
Less: freight and handling fulfillment revenues
(70,220)
Non-GAAP coal revenues
$ 421,285
Non-GAAP coal sales realization per ton
$ 118.71
Cost of coal sales (exclusive of items shown separately below)
$ 443,663
Depreciation, depletion and amortization - production (1)
35,750
Accretion on asset retirement obligations
5,214
Amortization of acquired intangibles
876
Total cost of coal sales
$ 485,503
Less: freight and handling costs
(70,220)
Less: depreciation, depletion and amortization - production (1)
(35,750)
Less: accretion on asset retirement obligations
(5,214)
Less: amortization of acquired intangibles
(876)
Less: idled and closed mine costs
(7,654)
Non-GAAP cost of coal sales
$ 365,789
Non-GAAP cost of coal sales per ton
$ 103.07
GAAP coal margin
$ 6,002
GAAP coal margin per ton
$ 1.69
Non-GAAP coal margin
$ 55,496
Non-GAAP coal margin per ton
$ 15.64
Tons sold
3,549
(1)
Depreciation, depletion and amortization - production excludes the depreciation, depletion and amortization related to selling, general and administrative functions.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.
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SummaryDividend growth can be a powerful REIT catalyst. Low yields today may hide bigger income later. Three overlooked names could surprise investors. High Yield Landlord members get exclusive access to our real-world portfolio. See all our investments here » Richard Drury/DigitalVision via Getty Images
Dividend growth is one of the strongest catalysts for upside in the REIT sector (VNQ).
The market may be volatile over the short run, but if a REIT is consistently growing its dividend, then its share
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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.
Midstream operators have quietly become one of the most compelling income stories of 2026. Natural gas demand tied to LNG exports, data-center power buildouts, and Permian Basin production growth is filling long-term contracts, and the cash is flowing back to shareholders through rising dividends and unit distributions.
Here are three U.S.-listed midstream names where the payout does real work while the growth story matures.
ONEOK (OKE) ONEOK (NYSE:OKE | OKE Price Prediction) is a C-corp (no K-1), which matters for investors who want midstream exposure without partnership tax complications. Shares closed at $91.75 on July 22, up 23.42% year to date and 73.28% over the past five years. In January, ONEOK raised its quarterly dividend 4% to $1.07 per share, or $4.28 annualized.
The bull case is scale. The EnLink and Medallion acquisitions delivered $475 million in cumulative synergies through Q3 2025, with another ~$150 million in incremental synergies expected in 2026. Roughly 90% of 2025 earnings were fee-based, insulating cash flows from commodity swings. Q4 2025 revenue of $9.065 billion beat consensus by 10.28%, and management guided 2026 adjusted EBITDA to $7.9 billion to $8.3 billion. CEO Pierce H. Norton II said “ONEOK delivered another year of double-digit earnings growth in 2025.” Composite prediction sentiment sits bullish at 68.03.
Risk: 2026 guidance assumes WTI at $55 to $60 per barrel, well below the recent $71.87 level. That is a tailwind today, but a reversion to the low end plus NGL price softness would compress producer activity and volumes.
Kinder Morgan (KMI) Kinder Morgan (NYSE:KMI) is the other C-corp in the group (no K-1). Shares closed at $32.49 on July 22, up 17.25% year to date and more than 87% over the past five years. The Q1 2026 dividend was 29 cents per share, with 2026 annualized guidance of $1.19 per share, a 2% increase.
Q1 2026 was a beat across the board: EPS of 48 cents vs. the 39-cent consensus, revenue of $4.83 billion, adjusted EBITDA up 18% year over year and free cash flow up 73%. The project backlog now sits at $10.1 billion, with roughly 92% tied to natural gas and 60% supporting power generation and local distribution companies. Management notes KMI is positioned to serve about 70% of future power demand from data centers under development. Moody’s upgrade to Baa1 completes the trifecta of BBB+ equivalent ratings. CEO Kim Dang said “Our balance sheet remains healthy, as we ended the quarter with a Net Debt-to-Adjusted EBITDA ratio of 3.6 times.”
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Oneok didn't make the cut. Grab the names FREE today.
Risk: Q1 got a lift from winter storm Fern, which will not repeat. Refined products volumes fell 2% and crude/condensate 12%, and large-project permitting remains a wild card.
MPLX LP (MPLX) MPLX LP (NYSE:MPLX) is the highest-yielding name in the group and the one caveat for tax-sensitive readers: MPLX is a master limited partnership and issues a Schedule K-1, not a 1099. Units closed at $56.61 on July 22, up 5.09% year to date and 102.47% over five years. The trailing distribution yield sits at 7.61%.
The Q1 2026 distribution of $1.0765 per unit represented 12.5% year-over-year growth, and management reaffirmed that pace through 2027. CEO Maryann Mannen said “Cash flow from this growth will allow us to reinvest in the business, return capital to unitholders, and is expected to support 12.5% annual distribution growth for two more years.” A $2.4 billion organic growth capex program is targeting Permian and Marcellus assets, with major projects including Harmon Creek III in Q3 2026, BANGL expansion in Q4 2026, and the Blackcomb Pipeline in Q4 2026. Barclays reiterated a Buy rating after the report. Units trade at just 12x forward earnings.
Risk: Q1 missed on both lines, with EPU of 90 cents vs. the $1.0795 consensus. Interest expense rose to $291 million from $229 million as acquisition debt hits the P&L, leverage climbed to 3.7x, and crude pipeline throughputs fell 6% year over year. Concentration risk with Marathon Petroleum as the primary customer and general partner remains a structural feature. Sentiment currently reads neutral at 56.74.
What to Watch Next The EIA forecasts Henry Hub averaging $3.50/MMBtu in 2026, and LNG exports rising to 17.0 Bcf/d this year and 18.2 Bcf/d in 2027. That backdrop supports throughput assumptions for all three. For tax-sensitive investors, the two C-corps avoid the K-1 filing entirely, while MPLX’s structure comes with a K-1 in exchange for the higher current payout and 12.5% distribution growth runway. Either way, the checks are landing while the growth pipeline plays out.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Oneok didn't make the cut. Grab the names FREE today.
Los clientes pueden disfrutar de un descuento del 50 % en cualquier pizza, independientemente del tamaño, el tipo de masa y los ingredientes que elijan.
, /PRNewswire-HISPANIC PR WIRE/ -- El verano ahora es mucho más sabroso. Domino's Pizza Inc. (Nasdaq: DPZ) quiere ayudar a sus clientes a disfrutar al máximo de la temporada ofreciendo un 50 % de descuento en todas las pizzas sobre el precio de carta, del 27 de julio al 2 de agosto.
La oferta estará disponible para entrega a domicilio o para llevar (take-away) y se podrá canjear en dominos.com, a través de la aplicación móvil de Domino's, por teléfono o en persona.
Domino’s ofrecerá descuentos de verano con un 50 % de ahorro en todas las pizzas sobre el precio de carta, del 27 de julio al 31 de agosto. "El verano es la época ideal para tener recuerdos, ya sea en una reunión en el jardín, una noche de cine en familia o simplemente compartiendo una comida con amigos", comentó Frank Garrido, vicepresidente ejecutivo y director de restaurantes de Domino's. "Durante una semana, los clientes podrán disfrutar de un 50 % de descuento en cualquier pizza sobre el precio de carta, sin importar el tipo de masa ni los ingredientes. Es una oportunidad estupenda para probar algo nuevo o disfrutar de sus pizzas favoritas por menos dinero".
La oferta de Domino's del 50 % de descuento se aplica a todas las pizzas que figuran en la carta. Los clientes pueden personalizar su pedido con los ingredientes que deseen, elegir entre seis tipos de masa o disfrutar de una de las pizzas especiales de Domino's, todo a mitad de precio.
Las combinaciones de pizza más populares del verano
¿Necesita ayuda para decidir qué pedir? Los chefs de Domino's Pizza han compartido algunas de sus combinaciones favoritas de pizza, inspiradas en el calorcito del verano y las barbacoas en el jardín:
Crunchy Thin Crust con sabrosa salsa de tomate, queso 100 % mozzarella, pepperoni, piña y jalapeño Consejo de experto: mójela en la salsa dulce de mango y habanero de Domino's. Parmesan Stuffed Crust con salsa barbacoa a la miel, queso elaborado con 100 % de mozzarella, pollo de primera calidad, beicon ahumado y mezcla de quesos cheddar Hand Tossed Crust con salsa de tomate de sabor intenso, queso 100 % mozzarella, ternera, beicon, champiñones frescos, cebolla fresca, tomate cortado en dados y queso provolone rallado Acerca de Domino's Pizza ®
Fundada en 1960, Domino's Pizza es la mayor cadena de pizzerías del mundo, con una importante presencia tanto en el servicio a domicilio como en las ventas para llevar. La compañía se encuentra entre las principales cadenas de restaurantes públicas del mundo, con una red global de más de 22 500 establecimientos en más de 90 mercados. Domino's registró ventas minoristas globales por más de 20 600 millones de dólares en los últimos cuatro trimestres finalizados el 14 de junio de 2026. Su red está formada por propietarios de franquicias independientes, que representaban el 99 % de los establecimientos de Domino's a finales del segundo trimestre de 2026. En Estados Unidos, Domino's generó más del 85 % de las ventas minoristas del país en 2025 a través de canales digitales y ha desarrollado numerosas plataformas innovadoras para realizar pedidos.
Customers can enjoy half off any size pizza, with any crust type and toppings
, /PRNewswire/ -- Summer just got a whole lot tastier. Domino's Pizza Inc. (Nasdaq: DPZ) is helping customers make the most of the season by offering 50% off all menu-priced pizzas from July 27-Aug. 2.
The deal is available for delivery or carryout and can be redeemed on dominos.com, via Domino's mobile app, over the phone or in person.
Domino’s is serving up summer savings by offering 50% off all menu-priced pizzas July 27-Aug. 2. "Summer is all about making memories, whether that's a backyard get-together, family movie night or simply sharing a meal with friends," said Frank Garrido, Domino's executive vice president – chief restaurant officer. "For one week, customers can enjoy 50% off any menu-priced pizza, with any crust and toppings. It's a great opportunity to try something new or enjoy your favorite pizza for less."
Domino's half-off offer applies to every menu-priced pizza. Customers can customize their order with any toppings, choose from six crusts or enjoy one of Domino's Specialty Pizzas – all for half the menu price.
Summer's Hottest Pizza Combinations
Need help deciding what to order? Domino's pizza chefs have shared some of their favorite pizza combinations inspired by the sweet heat of summer and backyard barbeques:
Crunchy Thin Crust with robust inspired tomato sauce, cheese made with 100% mozzarella, pepperoni, pineapple, jalapeno Pro tip: dip it in Domino's sweet mango habanero sauce! Parmesan Stuffed Crust with honey BBQ sauce, cheese made with 100% mozzarella, premium chicken, smoked bacon and cheddar cheese blend Hand Tossed Crust with robust inspired tomato sauce, cheese made with 100% mozzarella, beef, bacon, fresh mushroom, fresh onion, diced tomato and shredded provolone cheese About Domino's Pizza®
Founded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout. It ranks among the world's top public restaurant brands with a global enterprise of more than 22,500 stores in over 90 markets. Domino's had global retail sales of over $20.6 billion in the trailing four quarters ended June 14, 2026. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the second quarter of 2026. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2025 via digital channels and has developed many innovative ordering platforms.
A GlobalEye aircraft, manufactured by Saab Technologies, on static design during the fifth day of Dubai Air Show in Dubai, United Arab Emirates November 21, 2019. REUTERS/Christopher Pike/File... Purchase Licensing Rights, opens new tab Read more
OSLO, July 27 (Reuters) - Saab (SAABb.ST), opens new tab has received an order for two GlobalEye surveillance aircraft from a country in the Middle East region worth 10.1 billion Swedish crowns ($1.04 billion), with deliveries in 2030, the Swedish company said on Monday.
GlobalEye aircraft have active and passive sensors that provide long-range real-time detection and identification of objects in the air, at sea and over land, enabling situational awareness and early discovery of threats, according to Saab.
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"The increasing international interest in GlobalEye reflects its effectiveness and reliability in modern air defence operations," Saab CEO Micael Johansson said in a statement.
No further information regarding the order or the customer will be provided, the company added.
($1 = 9.6887 Swedish crowns)
Reporting by Terje Solsvik, editing by Elviira Luoma
Our Standards: The Thomson Reuters Trust Principles., opens new tab
NEW YORK, July 27, 2026 (GLOBE NEWSWIRE) -- Marex Group Limited (‘Marex’ or the ‘Group’, NASDAQ:MRX), the diversified global financial services platform, today announced that it will release its fiscal 2026 second quarter results before market open on Wednesday, August 12, 2026.
The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/.
A conference call to discuss the results will take place at 9am ET the same day. If you would like to attend the live conference call you can access it here:
https://events.q4inc.com/attendee/240823774
About Marex: Marex Group Limited (NASDAQ:MRX) provides market access, infrastructure services and essential liquidity to clients across global commodity and financial markets. The Group provides comprehensive breadth and depth of coverage across four services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to more than 60 exchanges. Marex has over 3,400 active clients, including some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. With more than 50 offices worldwide, the Group has over 3000 employees across Europe, Asia and the Americas. For more information visit www.marex.com.
HOBOKEN, N.J.--(BUSINESS WIRE)--NICE Actimize, a NiCE (NASDAQ: NICE) business, has been recognized by Celent, a global research and advisory firm for the financial services industry, as a Luminary in its recently released report, “Know Your Customer Systems: Adverse Media Screening Technology Capabilities Matrix.” The report provided in-depth profiles and evaluations of the functionality and technology of 25 KYC/Adverse Media providers. Celent defines those placed in the Luminary category as ex.
Made advancements for C103 material with 3D Systems AIG GroupExpects fast qualification and certification of machines and materialsFocuses on a fast, streamlined domestic supply chain ROCK HILL, S.C., July 27, 2026 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE: DDD) announced that Elmet Technologies, a wholly owned subsidiary of The Elmet Group (Nasdaq: ELMT) (“Elmet”), is deploying the DMP Flex 350 Triple metal additive manufacturing machine (laser powder bed fusion) for the rapid production of advanced aerospace parts for hypersonic vehicles. Utilizing a high-performance C103 material, the Elmet team expects to rapidly qualify and certify the system to begin production in 2026.
High-performance C103 Material
Elmet Technologies has spent the last 8 years with 3D Systems’ Application Innovation Group (AIG), a team of expert engineers who consult, guide and assist customers with advanced development of processes and materials. As part of this work the team developed processing parameters for C103 material specifically for this deployment. C103 is a niobium-based alloy composed primarily of niobium with hafnium and titanium, designed for extreme high-temperature and aerospace applications.
“We collaborated with AIG on the parameter sets for the C103 material,” said Scott Ohm, R&D Manager, Elmet Technologies. “The work was done on an earlier 3D Systems metal 3D printer and we expect that prior research work will make it very easy to begin production on the DMP 350 Flex Triple.”
Selecting the DMP 350 Flex Triple
The DMP Flex 350 Triple supports a 350 x 350 x 350 mm build size, with 3 lasers for greater productivity. A best-in-class low oxygen environment maintains <25 ppm oxygen, typically ~0-6 ppm oxygen. This low oxygen (and other interstitial element) environment allows for exceptional powder reuse rates along with tight control of metal chemistry and superior surface finishes.
Elmet Technologies intends to use this system for the production of large heat exchangers for hypersonic vehicles. Elmet Technologies selected this advanced metal 3D printer for a number of reasons:
Very low oxygen content maintained within the system makes it a strong choice for very high-quality, consistent and repeatable parts production using refractory metalsThe larger build size helps to meet the growing requirements of customersThe 3-laser system can enable large production volumes, quicklyIt works with Elmet’s novel in-house materialsIt is anticipated to enable fast qualification and certification “This machine, material and process should achieve qualification within a couple of months,” said Ohm. “We anticipate NASA 6030 certification a few months after that. This is very fast and indicative of the quality of this entire solution, as well as confirmation of the sound business case for collaboration 3D Systems’ Aerospace and Defense experts to streamline the qualification and certification process.”
Direct Production of Monolithic Metal Parts
Metal 3D printing from 3D Systems enables the design and manufacture of higher performance heat transfer structures that are accurate, complex, and leak tight with less assembly, shorter lead times, reduced costs, higher yield, and better component reliability versus legacy processes like brazing. The use of Direct Metal Printing (DMP) reduces reliance on extended supply chains and helps protect intellectual property while delivering components that cannot be produced using traditional methods including thin walls, increased surface-to-volume ratios and maximal heat transfer with acceptable pressure drop.
“This collaboration with Elmet is a standout example of using metal additive manufacturing to create new advantages in aerospace design and production,” said Mike Shepard, Vice President of Aerospace & Defense, 3D Systems. “The low oxygen architecture of our DMP series metal additive machines is ideal for manufacture of complex components from highly reactive metals, like C103 and other refractory alloys.”
Securing the Supply Chain
By integrating in-house materials with 3D Systems’ DMP Flex 350 Triple, Elmet is working to secure its supply chain for the US defense industrial base, enabling fast, tool-free localized production of advanced aerospace parts.
About 3D Systems
For 40 years Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.
Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding the timing of product launches, regulatory approvals, market opportunities, expected revenue impact, and shareholder value. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company or Elmet to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon the company’s or Elmet’s, as applicable, management’s beliefs, assumptions, and current expectations and may include comments as to the company’s or Elmet’s respective beliefs and expectations as to future events and trends affecting their respective businesses and are necessarily subject to uncertainties, many of which are outside the control of the company or Elmet, as applicable. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company’s and Elmet’s filings with the Securities and Exchange Commission, as well as other factors, could cause actual results of the Company or Elmet, as applicable, to differ materially from those reflected or predicted in forward-looking statements. Although the respective management of the company and Elmet believe that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not, be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. Neither 3D Systems nor Elmet undertake any obligation to update or review any forward-looking statements made by their respective management or on either’s behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.
MCLEAN, Va.--(BUSINESS WIRE)--Booz Allen Hamilton (NYSE: BAH) today announced an expansion of its powerful suite of AI-powered cyber defense products. Now generally available, Vellox Ranger™ provides automated, environment-specific threat detections—developed on Booz Allen's proprietary agentic AI framework—that identify exploitable paths and vulnerabilities based on the actual state of an enterprise's infrastructure. This automation helps protect the systems that matter most and reduces the ri.
SAN DIEGO--(BUSINESS WIRE)---- $GOSS--Gossamer Bio, Inc. (Nasdaq: GOSS) (the “Company” or “Gossamer”), a clinical-stage biopharmaceutical company focused on the development and commercialization of seralutinib for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD), announced a series of regulatory, strategic, and corporate updates. Following a productive Pre-NDA Type B meeting with the U.S. Food and Drug Administration (FDA).
Planned Investments to Scale NAVER’s Initial Multi-Tenant NVIDIA DSX AI Factory to 200 Megawatts by 2028, Fueling Next Generation of Korea and US AI Innovators
News Summary:
NAVER, NVIDIA and Brookfield plan to invest in gigawatt-scale, multi-tenant AI cloud infrastructure to power the next generation of AI companies in Korea and the U.S.NAVER and NVIDIA team plan to expand the initial NVIDIA DSX AI factory buildout at GAK Sejong data center from 55 megawatts to 200 megawatts by 2028.NAVER plans to continue its path toward gigawatt-scale sovereign AI infrastructure, deploying the NVIDIA DSX platform to deliver full-stack, lowest-cost AI factory infrastructure for enterprises, industries and government. SAN FRANCISCO, July 27, 2026 (GLOBE NEWSWIRE) -- AI Summit -- NAVER, NVIDIA and Brookfield today announced a proposed expansion of Korea's sovereign AI factory infrastructure, with planned investments that will grow the initial NVIDIA® DSX™ AI factory deployment to 200 megawatts — more than tripling the 55-megawatt buildout announced last month. NAVER intends to expand its deployment of NVIDIA AI infrastructure to 1 gigawatt.
Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion marks a significant acceleration of Korea’s national AI ambitions. The expanded infrastructure will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea.
NVIDIA plans to invest $1 billion into NAVER Corp. and Brookfield plans to fund up to $9 billion for AI infrastructure. NAVER will fund the remaining amounts to finance the project. NVIDIA’s planned investment is subject to customary closing conditions. The expanded infrastructure will provide Korea- and U.S.-based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.
“NVIDIA’s planned strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI factory business into a robust execution phase,” said Haejin Lee, founder and chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem and spearhead efforts to strengthen South Korea’s AI competitiveness.”
“The partnership will combine Brookfield’s global AI infrastructure investment capabilities, NAVER’s full-stack AI and data center operating expertise, and NVIDIA’s accelerated computing platform to advance Korea’s AI capabilities,” said Sikander Rashid, global head of AI infrastructure at Brookfield. “As AI adoption accelerates across the global economy, access to trusted, sovereign and scalable AI infrastructure is becoming an increasingly important strategic priority for companies and countries.”
“AI factories are the infrastructure nations need to compete and innovate in the intelligence era,” said Jensen Huang, founder and CEO of NVIDIA. “Together, NAVER, NVIDIA and Brookfield are building sovereign AI infrastructure at the scale needed to fuel Korea’s startups and industries. This is how nations and companies are building their futures in the age of AI.”
Expanding AI Factory Capacity to Fuel AI Innovators
The 200-megawatt AI factory is expected to feature advanced NVIDIA AI infrastructure including the NVIDIA Vera Rubin and NVIDIA Blackwell platforms. It intends to establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale. As an NVIDIA Cloud Partner, NAVER provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform.
Today’s proposed expansion builds on the June announcement in which NAVER committed to extending its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure to serve Korea’s enterprises, industries, government organizations and global AI cloud customers.
Brookfield Investments Scale AI Infrastructure Deployments
Brookfield has established one of the industry’s leading AI infrastructure investment platforms, with approximately $100 billion of assets under management across the AI infrastructure value chain including data centers, compute, semiconductor manufacturing and dedicated power generation.
The planned NAVER investment will mark another significant milestone in Brookfield’s strategic partnership with NVIDIA. Building on NVIDIA’s participation as a founding partner in the Brookfield Global AI Infrastructure Program, the planned investment combines Brookfield’s capital and AI infrastructure and power expertise with NVIDIA’s accelerated computing platform to support the deployment of large-scale AI factories.
Brookfield has been an active, long-term investor in Korea since establishing a presence in the country in 2014 across infrastructure, real estate and energy.
NVIDIA DSX Platform Powers Expansion
The NVIDIA DSX platform provides an end-to-end, codesigned stack for AI factories — spanning chips, systems, software, facilities and partner technologies — purpose-built to minimize token cost and accelerate time to first production.
NVIDIA DSX MaxLPS™ software maximizes token throughput per megawatt, while NVIDIA DSX OS™ provides lifecycle management, health automation, resiliency and multi-tenant AI factory management across the expanded infrastructure.
Open Models Accelerate Growth
In addition, the expanded infrastructure builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.
NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.
About NAVER
Founded in 1999, NAVER is Korea's largest Internet company and one of the world's top tech companies. Leading cutting-edge technologies, NAVER operates No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.
NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.
About Brookfield
Brookfield is a leading global investment firm with more than $1 trillion in assets under management. The firm owns and operates high-quality businesses and real assets that provide essential services and form the backbone of the global economy. Brookfield invests on behalf of institutions and individuals around the world across infrastructure, energy, private equity, real estate, and credit. With more than a century of operating experience and a global presence in over 30 countries, Brookfield deploys long-term capital to generate sustainable value for its clients and shareholders. Brookfield Corporation (NYSE: BN, TSX: BN) and Brookfield Asset Management (NYSE: BAM, TSX: BAM) are publicly traded in New York and Toronto.
For more information, please visit our website at http://www.brookfield.com.
About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.
For further information, contact:
Corporate Communications
NVIDIA Corporation [email protected]
Certain statements in this press release including, but not limited to, statements as to: together, NAVER, Brookfield and NVIDIA building sovereign AI infrastructure at the scale needed to fuel Korea’s startups and industries; expectations with respect to NVIDIA’s partnership with NAVER and Brookfield; expectations with respect to demand, growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are 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, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
This press release contains forward-looking statements regarding the NAVER’s future plans, outlook, and initiatives, as of the date of this release. Actual results and outcomes may differ materially depending on future changes in market conditions and business circumstances.
Brookfield Cautionary Statement
This news release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect our current views with respect to, among other things, our operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to the impact of the partnership on Brookfield, NAVER and NVIDIA and the expected benefits of Brookfield’s investment.
Although Brookfield believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in Canada and the United States, not presently known to Brookfield or that that Brookfield currently believes are not material, could cause actual results or events to differ materially from those contemplated or implied by forward-looking statements.
Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.
BEAVERTON, Ore.--(BUSINESS WIRE)--Digimarc Corporation (NASDAQ: DMRC), a leading provider in digital identity and authentication solutions, will hold a conference call on Thursday, August 13, 2026, at 5 p.m. Eastern time (2 p.m. Pacific time) to discuss results for the second quarter ended June 30, 2026. Digimarc CEO Paul Carreiro and CFO Charles Beck will host the call, and provide an update on strategic priorities, quarterly highlights, and financial results, followed by a question-and-answer.
More than three years into the artificial intelligence (AI) race, demand for computing power continues to outstrip companies' ability to supply it. Neocloud companies like Nebius Group (NBIS -13.58%) and CoreWeave aim to capitalize on that supply/demand imbalance by building new AI-focused data centers to help meet those capacity needs. In fact, some of their largest customers are hyperscalers such as Microsoft and Meta Platforms.
Nebius has pushed to differentiate itself from smaller neocloud businesses with its own server design optimized for cooling efficiency and power usage, its own software, and complete service management. That's pushing it closer to the level of Microsoft's Azure platform than the low-level infrastructure-as-a-service offering of the average neocloud company.
Recently, Nebius started offering its data center stack of design and software management as a stand-alone product. It's asking businesses to front the cash to build a data center and pay for the infrastructure, and the company will take care of the rest. But the new model exposes a huge problem facing Nebius and other neocloud companies.
Image source: Getty Images.
Why is Nebius introducing a new strategy? Nebius is positioning this new asset-light approach as a way for it to expand its capacity with minimal capital requirements. The company is capital-constrained: Its balance sheet shows about $8.5 billion in debt, up from about $4.1 billion at the end of 2025. It raised an additional $775 million earlier this month and expects to raise even more capital later this year.
That's all part of the neocloud business model. Nebius contracts with large customers and uses those contracts as collateral to secure financing to build the data centers to fulfill them. With a strong demand pipeline, the business model should theoretically pay off in the long run as it scales up.
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So, investors need to ask the question: If Nebius can secure financing using contracted revenue to build data centers itself, why would it want to let other companies build the data centers instead? The simplest explanation is that the cost of capital currently exceeds its return on invested capital.
Nebius isn't unique in that regard, and it's to be expected of a company that's heavily investing in capacity. Once it reaches a scale at which existing capacity generates meaningful recurring revenue, it may be able to deliver higher returns on invested capital. But there's a big challenge for neocloud companies.
To produce strong returns on invested capital, you need a differentiated product. So far, the neocloud is proving relatively undifferentiated, with growth driven by demand. However, more supply is coming to market, which could weigh on potential returns for graphics processing units (GPUs), especially if it reduces utilization rates.
Space Exploration Technologies (SpaceX for short) has started offering its excess GPU capacity to other companies. Meta Platforms is considering entering this market as well. While their entries indicate huge demand for computing capacity, they're also well-funded competitors that could add significant capacity to the market. Meta could add capacity with a lower cost of capital, enabling it to compete on price, and SpaceX could, over the long run, lower the structural costs of data centers with its plans for orbital data centers, putting further pricing pressure on the market.
Although Nebius and other neocloud companies have contracts in place for the medium term, enabling them to secure financing and build new data center locations with confidence that they can recoup their investments, the long-term potential of those capital investments is in doubt. Nebius' attempt to mitigate that risk while supporting its near-term results with its new business model has highlighted that challenge for everyone else in the industry.
Only a few neocloud companies will be able to maintain the high utilization rates needed to produce returns that exceed their cost of capital. Those with more scale, like Nebius and CoreWeave, are in a better position, but there's still no guarantee.
Huge competitors like SpaceX or Meta could completely upend the market and put pressure on the smaller companies. Furthermore, it's hard to discount the possibility that AI spending could slow significantly in the near future, given that the entire business model relies on continuous growth.
In May, the U.S. government announced plans to invest $2 billion in nine different quantum computing companies to help America take a leadership position in this revolutionary industry. Rigetti Computing (RGTI -4.71%) will receive $100 million over three years, and the news sent its stock soaring by as much as 65%.
However, it has since given up all of those gains and then some. Although Rigetti produces some of the industry's best quantum systems, they still make too many errors to reliably solve most real-world problems, so it's difficult for the company to generate meaningful sales. It could take many years to overcome this challenge, and the U.S. government's support probably won't do much to speed up the timeline.
Rigetti will release its operating results for the second quarter of 2026 (ended June 30) after the stock market closes on Aug. 6, and here's why I predict it will lead to more downside for shareholders.
Image source: Getty Images.
Quantum computers have a long path to commercialization Quantum computers can use a concept called superposition to simulate multiple solutions to a given problem simultaneously, so they are better at processing specific, data-intensive workloads in areas like science and cryptography than traditional computers.
Rigetti's flagship Cepheus-1-108Q quantum computer is the industry's largest multichip system. It features 108 qubits, which is three times as many as the company's previous Cepheus-1-36Q computer. It also boasts a single-qubit gate fidelity of 99.9%, meaning it makes one error per 1,000 quantum operations. However, its two-qubit gate fidelity is 99.1%, implying nine errors per 1,000 operations, which isn't ideal when trying to solve complex real-world problems.
Qubits are highly sensitive to noise and interference, so making several of them work together in harmony is one of the greatest challenges in quantum computing. Rigetti thinks it can upgrade Cepheus-1-108Q to achieve a two-qubit fidelity of 99.5% by the end of 2026, but the company thinks achieving 99.9% could take another three years.
The good news is that Rigetti has built its own supply chain, so it can bring new systems to market much faster than its competitors. It has a fabrication facility, a proprietary programming language called Quil, and a cloud platform where it rents computing capacity to other businesses for a fee.
Nevertheless, an estimate by Ark Investment Management suggests it could take at least 20 years for quantum computers to become accurate enough to disrupt areas like cryptography, so Rigetti shareholders might have a long wait ahead.
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Sales are gathering momentum, but remain small Rigetti generated $4.4 million in revenue during the first quarter of 2026 (ended March 31), a whopping 198% increase from the year-ago period. According to Wall Street's average estimate (provided by Yahoo Finance), the company's revenue likely climbed by 184% to $5.1 million in the second quarter. The official figures will be released on Aug. 6.
That means Rigetti might have generated more revenue in the first half of 2026 than it did during all of 2025, when it brought in $7.1 million. But it gets better, because the company plans to deliver an $8.4 million order for Cepheus-1-108Q to India's Center for Development of Advanced Computing later this year, which will put its annual revenue comfortably in growth territory.
But there are a couple of issues. First, Rigetti is generating a tiny amount of revenue for a company with a market capitalization of $4.7 billion (more on that in a moment). Second, it's losing a truckload of money; it had operating expenses of $27.3 million during the first quarter of this year alone, which dwarfed its revenue and led to a net loss of $20.5 million.
Fortunately, Rigetti had $569 million in cash and equivalents on hand as of March 31, so it can sustain its losses for the foreseeable future. However, the company might need to raise more money if it isn't profitable within a couple of years. The U.S. government's $100 million investment over three years won't stretch very far based on the current rate of cash burn.
Rigetti's valuation opens the door to downside after Aug. 6 Given Rigetti's modest revenue and sizable market cap, its stock trades at a sky-high price-to-sales (P/S) ratio of 445. That means it's a staggering 74 times more expensive than the Nasdaq-100 technology index, which has a P/S ratio of just 6.1.
Even if we value the stock based on Wall Street's average 2026 revenue estimate of $23.5 million, its forward P/S ratio is still almost 200.
RGTI PS Ratio data by YCharts
Even if Rigetti stock plunged by 95% in the second half of 2026, it would still be more expensive than the Nasdaq-100.
Rigetti has already lost 40% of its value in 2026, and based on its valuation alone, I think the stock is likely to suffer further downside after it releases its second-quarter operating results on Aug. 6. In my opinion, not even a spectacular report will be enough to justify its substantial premium to the broader market.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has signed a transformational framework agreement with the Department of War (DoW) and Lockheed Martin, leveraging the government's multi-year procurement authorities to enable a long-term contract for the PAC-3® Missile Segment Enhancement (MSE). This landmark step represents a dramatic acceleration in America's ability to surge critical munitions production—fortifying the nation's Arsenal of Freedom and ensuring its warfighte.
North America’s largest natural gas producer will become leading gas marketer, reaching customers across key demand markets in the United States and CanadaTransaction will accelerate Expand’s marketing and commercial ambitions, combining industry-leading natural gas supply with sophisticated and experienced asset-backed gas marketing capabilities Immediately accretive transaction, initially expected to contribute more than $200 million of projected annual EBITDA; $150 million per year of synergies by year-end 2028
SPRING, Texas and HOUSTON, July 27, 2026 (GLOBE NEWSWIRE) -- Expand Energy Corporation (NASDAQ: EXE) (“Expand” or the “Company”), the largest natural gas producer in North America, announced today that it has entered into a definitive merger agreement to acquire Twin Eagle Holdings, N.A., LLC (“Twin Eagle”), a leading private asset-backed natural gas marketing and optimization business, for $1.25 billion from Five Point Infrastructure. The transaction is subject to typical purchase price adjustments, including working capital, and is expected to close in the third quarter of 2026, pending customary closing conditions and required regulatory approvals. The Company expects to fund the transaction through a combination of cash on hand and borrowings under its revolving credit facility.
The transaction unites Expand’s industry-leading supply and financial strength with Twin Eagle’s premier physical marketing platform, creating a fully integrated natural gas company positioned to capture value across the entire chain in key U.S. and Canadian markets. Twin Eagle’s earnings are primarily supported by recurring physical supply and delivery relationships, asset-backed portfolio optimization, and experienced commercial, logistics and operating capabilities, consistently delivering earnings growth across a wide range of market conditions.
“This transaction accelerates Expand’s evolution into a leading integrated natural gas company with a commercial and marketing advantage compared to peers,” said Michael Wichterich, Expand Energy’s Interim President and Chief Executive Officer. “We’re already North America’s largest natural gas producer, and now we’ll be its leading gas marketer, with direct access to customers and structural demand growth. By combining Expand’s scale, resource depth and financial strength with Twin Eagle’s marketing and optimization platform, we’ll capture additional margin across the natural gas value chain and deliver more durable shareholder returns.”
Founded in 2010, Twin Eagle has established itself as one of the leading independent natural gas and power marketers in North America. Its business spans wholesale marketing, asset management, structuring and analytics, logistics and market intelligence.
“This is an exciting day for Twin Eagle, our employees and our customers,” said Jeremy Davis, Twin Eagle’s President and Chief Executive Officer. “This powerful combination pairs Expand’s enviable financial position and large, lower-cost natural gas supply with the talented team and marketing platform we have spent the past 16 years developing. We thank Five Point Infrastructure for their partnership and vision over the last dozen years. Together, with our new partner, we can create additional value in ways neither company could have accomplished on its own.”
“We saw a tremendous opportunity to partner with Twin Eagle management to expand its platform and capitalize on the growing demand for North American gas,” said David Capobianco, CEO and Managing Partner of Five Point Infrastructure. “Twin Eagle has generated exceptional returns for all stakeholders, while solidifying its standing as one of the leading independent asset-backed natural gas marketing and optimization platforms. We wish Jeremy and the team all the best as they move forward in partnership with Expand.”
Today, Twin Eagle markets more than 5 billion cubic feet per day (Bcf/d) of natural gas and manages roughly 44 Bcf of storage capacity and approximately 2 Bcf/d of firm transportation. It serves more than 1,000 customers across a diversified footprint spanning the U.S. and Canada. On a pro forma basis, the combined portfolio will have approximately 14 Bcf/d of marketed volume supported by roughly 9 Bcf/d of firm transportation and 49 Bcf of storage capacity.
The combination does more than add scale, it will enhance how Expand creates value by:
Accelerating the Company’s Marketing and Commercial strategy. The Company now expects to deliver $750 million per year of incremental free cash flow from its marketing and commercial strategy. This is an increase of 50% from its previous target, reflecting the value of the new integrated platform and the repeatable earnings of Twin Eagle. Expanding customer and market reach to capture greater value from every molecule. The acquisition will broaden access to premium demand centers across the U.S. and Canada, reaching approximately 90% of the natural gas market. The combined production, transportation and storage capacity will enable the Company offer additional reliability and flexibility to respond to customers’ needs and provide optimization opportunities. Leveraging scale and financial strength. Expand’s diversified portfolio and financial strength will elevate Twin Eagle’s asset-backed natural gas marketing and optimization business, enabling the combined business to extend contract terms, attract additional high-quality customers, and reach high-value markets. Adding experienced team with highly successful track record. Since its inception, Twin Eagle has consistently grown cash flows by leveraging its natural gas market expertise and effective risk management. Following the close of the merger, Twin Eagle will become a wholly-owned subsidiary of Expand, with key members of Twin Eagle’s management, including Jeremy Davis, continuing with the Company after closing.
Advisors
PJT Partners is serving as exclusive financial advisor to Expand Energy in connection with its acquisition of Twin Eagle. White & Case, LLP served as legal counsel and DrivePath Advisors served as communications advisor to Expand. Lazard is serving as financial advisor for Twin Eagle, Latham & Watkins LLP is serving as the lead legal counsel for Twin Eagle and Kekst CNC served as communications advisor to Five Point Infrastructure.
About Expand Energy
Expand Energy Corporation (NASDAQ: EXE) is North America’s largest natural gas producer, powered by dedicated and innovative employees focused on expanding the value of natural gas by connecting global scale to growing markets. Expand Energy’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its advantaged portfolio, financial strength and operational excellence. Expand Energy is committed to expanding America’s energy reach to fuel a more affordable, reliable, lower carbon future.
About Twin Eagle
Founded in 2010, Twin Eagle is a leading physical energy marketer. Today, Twin Eagle is a recognized leader in customized and reliable energy products and services to suppliers, customers, and asset owners across the U.S. and Canada. The basis for Twin Eagle’s success is the depth of its customer relationships, the capabilities of its talented staff, and emphasis on culture, grounded by its Core Values: Safety, Integrity, Performance, Learning, and Teamwork.
About Five Point Infrastructure
Five Point Infrastructure LLC is a private equity and infrastructure investor focused on investments within the North American water management, surface management, powered land, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Headquartered in Houston, Texas, Five Point has approximately $7.2 billion of assets under management across multiple investment funds. For more information, please visit www.fpinfra.com.
Forward-Looking Statements
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include our current expectations or forecasts of future events, including statements regarding the proposed transaction with Twin Eagle, including the expected closing of the proposed transaction and the timing thereof, expected synergies, EBITDA and free cash flow contributions from the proposed transaction, the acceleration of Expand Energy’s marketing and commercial ambitions and the operations, strategies and plans of the combined company, and anticipated future performance. Information adjusted for the proposed transaction should not be considered a forecast of future results. Forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as "aim", "predict", "should", "expect," “could,” “may,” "anticipate," "intend," "plan," “ability,” "believe," "seek," "see," "will," "would," “estimate,” “forecast,” "target," “guidance,” “outlook,” “opportunity” or “strategy.” The absence of such words or expressions does not necessarily mean the statements are not forward-looking.
Although we believe the expectations and forecasts reflected in our forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time. Particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the risk that we or Twin Eagle may be unable to obtain governmental and regulatory approvals required for the proposed transaction, or required governmental and regulatory approvals may delay the transaction or result in the imposition of conditions that could cause the parties to abandon the merger; the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk of any unexpected costs or expenses resulting from the proposed transaction; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company or Twin Eagle to retain and hire key personnel, on the ability of the Company and Twin Eagle to attract customers and maintain its relationships with counterparties and on the Company’s and Twin Eagle’s operating results and businesses generally; the risk that problems may arise in successfully integrating Twin Eagle’s business with the Company’s; the risk that the Company may be unable to achieve synergies or other anticipated benefits of the proposed transaction or it may take longer than expected to achieve those synergies or benefits and other important factors that could cause actual results to differ materially from those projected; the volatility in commodity prices; the effect of future regulatory or legislative actions on the companies or the industries in which they operate; the ability of management to execute its plans, to meet its goals and other risks inherent in the Company’s and Twin Eagle's businesses; the potential disruption or interruption of the Company’s or Twin Eagle’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the Company’s or Twin Eagle’s control; and the combined company's ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and other factors that are described under Risk Factors in Item 1A of Part I of our Annual Report on Form 10-K filed with the SEC.
We caution you not to place undue reliance on the forward-looking statements contained in this news release, which speak only as of the filing date, and we undertake no obligation and have no intention to update any forward-looking statement, except as required by law. We urge you to carefully review and consider the disclosures in this news release and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business.
All forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.
Non-GAAP measures
The Company has not provided projected net income or a reconciliation of projected EBITDA to projected net income, the most comparable financial measure calculated in accordance with GAAP. Net income includes the impact of one-time, non-recurring and non-cash changes and certain other items that impact comparability between periods and the tax effect of such items, which may be significant and difficult to project with a reasonable degree of accuracy. Therefore, projected net income, and a reconciliation of projected EBITDA to projected net income (loss), are not available without unreasonable effort.
The Company has not provided projected net cash provided by operating activities or a reconciliation of projected free cash flow to projected net cash provided by operating activities, the most comparable financial measure calculated in accordance with GAAP. The Company is unable to project net cash provided by operating activities for any future period because this metric includes the impact of changes in operating assets and liabilities related to the timing of cash receipts and disbursements that may not relate to the period in which the operating activities occurred. The Company is unable to project these timing differences with any reasonable degree of accuracy without unreasonable efforts such as predicting the timing of its payments and its customers' payments, with accuracy to a specific day, months in advance. Furthermore, the Company does not provide guidance with respect to its average realized price, among other items, that impact reconciling items between net cash provided by operating activities and free cash flow. Natural gas prices are volatile and out of the Company's control, and the timing of transactions and the income tax effects of future transactions and other items are difficult to accurately predict. Therefore, the Company is unable to provide projected net cash provided by operating activities, or the related reconciliation of projected free cash flow to projected net cash provided by operating activities, without unreasonable effort.
A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration Purchase Licensing Rights, opens new tab
CompaniesJuly 27 (Reuters) - Expand Energy (EXE.O), opens new tab said on Monday it would buy privately held natural gas marketer Twin Eagle Holdings from Five Point Infrastructure for $1.25 billion to expand its marketing business across North America.
With U.S. natural gas demand expected to grow, producers are increasingly expanding into marketing and logistics businesses to improve margins and gain greater control over how gas reaches end-users.
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Founded in 2010, Twin Eagle is an independent natural gas and power marketer, with operations spanning wholesale marketing, asset management, logistics and analytics.
Following the deal's completion, it will operate as a wholly owned subsidiary of Expand, with key members of Twin Eagle's management team, including Chief Executive Jeremy Davis, remaining with the company, the companies said.
Expand now expects $750 million per year of incremental free cash flow from its marketing and commercial strategy, a 50% jump from its previous target.
Twin Eagle currently markets more than 5 billion cubic feet of natural gas per day and manages about 44 billion cubic feet of storage capacity, but together, they would market about 14 billion cubic feet of gas per day.
The combined company is expected to reach about 90% of the U.S. and Canadian natural gas market through access to key demand centers, the companies said.
The deal is expected to close in the third quarter of 2026. Expand plans to fund the acquisition through a mix of cash on hand and borrowings under its revolving credit facility.
Reporting by Sumit Saha in Bengaluru; Editing by Shinjini Ganguli
Our Standards: The Thomson Reuters Trust Principles., opens new tab
CleanSpark (NASDAQ:CLSK | CLSK Price Prediction) shares closed at $14.52 on July 24, 2026, up 43.5% year to date, yet still trading at a meaningful discount to what its infrastructure would likely fetch if sold as a private data center portfolio. CleanSpark reported Q2 FY26 revenue of $136.41 million, a 24.9% decline year over year, with the net loss driven largely by a $224.11 million unrealized bitcoin fair-value hit. Shareholders’ equity has compressed to $986.16 million from $2.18 billion at fiscal year-end 2025, against a still-stable $2.91 billion asset base.
CleanSpark controls 585 MW of ERCOT-approved capacity, including 300 MW newly approved in Brazoria, inside a portfolio that exceeds 1.8 GW of power, land, and data centers. Hyperscaler capex is racing to secure exactly that kind of gigawatt-scale, ERCOT-connected footprint. Below is a ranked list of plausible strategic acquirers, ordered from the longest shot to the cleanest fit.
5. MARA MARA Holdings (NASDAQ:MARA) is the longest shot here. It is running its own AI/HPC pivot, with a pending 505 MW Long Ridge acquisition and a Starwood joint venture that covers roughly 90% of its non-hosted mining capacity. With a market cap of $4.6 billion and Q1 revenue of $174.60 million, which missed expectations, MARA lacks the balance sheet to swallow CleanSpark cleanly.
4. Riot Platforms Riot Platforms (NASDAQ:RIOT) is further along than any miner in the data center pivot, generating $33.15 million in debut data center revenue and securing a $636 million, 10-year AMD lease at Rockdale. Riot’s $8.5 billion market cap and reported $311 million in liquidity give it the size to consider a stock-and-cash roll-up. Regulatory scrutiny of miner-on-miner combinations is the sticking point.
3. Microsoft Microsoft (NASDAQ:MSFT) at a $2.8 trillion market cap could buy CleanSpark outright with rounding-error cash. Azure grew 40% in Q3 FY26, and Microsoft’s AI business surpassed a $37 billion annual run rate. Microsoft has largely preferred long-term power purchase agreements and third-party colocation contracts over acquiring miners directly.
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2. Amazon Amazon (NASDAQ:AMZN) is the cleaner hyperscaler fit. AWS grew 28% in Q1, its fastest in 15 quarters, and capex hit $44.20 billion. OpenAI has committed to roughly 2 GW of Trainium capacity from 2027, and Anthropic up to 5 GW. AWS already builds bespoke campuses, and ERCOT-approved MW at scale is scarce. A CleanSpark deal at a healthy premium would be a rounding error against a $2.5 trillion cap.
1. Alphabet Alphabet (NASDAQ:GOOGL) is the cleanest strategic fit. Google Cloud accelerated to 82% growth in Q2, with capex up 100% to $44.92 billion and a combined roughly $70 billion equity-plus-debt raise earmarked for AI infrastructure. Gemini App reached 950 million monthly active users. Alphabet’s demand for power is running well ahead of its secured supply, and CleanSpark’s Texas footprint and its Sandersville, Georgia, buildout map directly to Google’s active expansion regions.
Where Private Equity Fits An LBO angle is credible. CleanSpark carries $1.79 billion in long-term debt against a market cap of roughly $3.7 billion. Infrastructure sponsors including Blackstone, KKR, Brookfield, and Stonepeak have announced multi-billion-dollar AI-data-center vehicles. A sponsor could take CleanSpark private, treat bitcoin mining as a cash-flowing tail, and market the 1.8 GW portfolio as a build-to-suit hyperscaler platform.
What to Watch Look for a first signed AI/HPC tenant lease at Sandersville or Brazoria, which would immediately reprice the equity. A 13D filing or unusual call activity would signal interest. The CleanSpark full-chain put/call ratio is 0.29, skewed toward calls, though nothing yet suggests organized accumulation. Analysts are bullish, with a $22.35 mean price target that is nearly 54% higher than the current price. That is the setup: a strategically scarce asset, a depressed equity, and a hyperscaler capex cycle desperate for gigawatts.
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SANTA CLARA, Calif.--(BUSINESS WIRE)---- $OKLO #advancedfission--Oklo Inc. (NYSE: OKLO) ("Oklo," or "the Company"), an advanced nuclear technology company, today announced it will release its financial results and provide business updates for the second quarter ended June 30, 2026, before market opens on Friday, August 7, 2026, followed by a conference call at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time).Jacob DeWitte, co-founder and Chief Executive Officer, and Craig Bealmear, Chief Financial Officer, will participate.
NEW YORK--(BUSINESS WIRE)--Circle Internet Group, Inc. (NYSE: CRCL), one of the world's leading financial platform companies, today announced the acquisition of fundamental assets from the IBM blockchain patent portfolio. The portfolio comprises over 680 patent families and nearly 1,000 issued patents worldwide, spanning foundational blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply chain verification, and secure cloud operations. With this acquisi.
SAN JOSE, Calif.--(BUSINESS WIRE)-- #4G--GCT Semiconductor Holding, Inc. to Give Business Update and Announce Second Quarter 2026 Financial Results on August 10, 2026.
Company to Host Conference Call to Discuss Results at 8:00 a.m. Eastern Time on August 11, 2026 July 27, 2026 07:00 ET | Source: Harrow, Inc.
NASHVILLE, Tenn., July 27, 2026 (GLOBE NEWSWIRE) -- Harrow (Nasdaq: HROW), a leading provider of ophthalmic disease management solutions in North America, today announced that it will report its financial results for the second quarter ended June 30, 2026, on Monday, August 10, 2026, after the market close. The Company will also post its second quarter Letter to Stockholders to the “Investors” section of its website, harrow.com. Harrow will host a conference call and live webcast at 8:00 a.m. Eastern Time on Tuesday, August 11, 2026, to discuss the results and provide a business update.
Conference Call Information
Participants can access the live webcast of Harrow’s presentation on the “Investors” page of Harrow’s website. A replay of the webcast will be available on the Company’s website for one year.
To participate via telephone, please register in advance using this link. Upon registration, all telephone participants will receive a confirmation email with detailed instructions, including a unique dial-in number and PIN, for accessing the call.
About Harrow
Harrow, Inc. (Nasdaq: HROW) is a leading provider of ophthalmic disease management solutions in North America, offering a comprehensive portfolio of products that address conditions affecting both the front and back of the eye, such as dry eye disease, wet (or neovascular) age-related macular degeneration, cataracts, refractive errors, glaucoma and a range of other ocular surface conditions and retina diseases. Harrow was founded with a commitment to deliver safe, effective, accessible, and affordable medications that enhance patient compliance and improve clinical outcomes. For more information about Harrow, please visit harrow.com and connect with us on LinkedIn.
Contact:
Mike Biega
VP of Investor Relations & Communications [email protected]
617-913-8890
SanDisk stock NASDAQ:SNDK climbed 4.5% in early US premarket trading on Monday, rebounding after a bruising selloff as investors returned to memory and semiconductor stocks.
The shares were up 4.5% at about 4:30 am ET on July 27. The market data showed a gain of roughly 5% before the opening bell.
The advance did not follow a new company announcement.
SanDisk’s investor-relations feed showed no fresh material news on Monday morning, leaving bargain hunting, improving market sentiment and confidence in tight NAND supply as the clearest drivers.
SanDisk stock dropped 10.8% on Friday to close at $1,436.56, reversing part of its extraordinary 2026 advance.
Micron fell about 7%, while the Philadelphia Semiconductor Index lost more than 4% as investors reduced exposure to crowded AI and memory trades.
Monday’s recovery extended beyond SanDisk. Marvell, Nvidia and other chip stocks rose as a pause in US-Iran fighting sent oil prices sharply lower, easing immediate concerns about inflation and interest rates.
The broad move suggests buyers were rotating back towards risk assets rather than responding to SanDisk-specific news.
Morgan Stanley analyst Joseph Moore had already argued that the memory selloff created an entry point.
“This is not a normal cycle,” Moore said in a note cited by Business Insider, describing memory as “increasingly THE bottleneck” for AI infrastructure and agentic-computing systems.
His comments preceded Monday’s rise, so they should be viewed as context for dip-buying rather than a fresh catalyst.
Still, they help explain why investors were willing to revisit a stock that had just suffered a double-digit decline.
Also read: DRAM ETF inflows rise as Micron, SanDisk, SK Hynix, Samsung lead rally amid risks
SanDisk sells NAND flash for consumer devices and solid-state drives, but its increasingly important opportunity lies in enterprise storage.
AI data centres require storage capacity for models, training information and inference workloads, strengthening demand for high-capacity enterprise SSDs.
TrendForce said the NAND market remained undersupplied throughout 2026 because AI-related demand accelerated while manufacturers added little capacity.
It estimates a 4% to 5% supply deficit this year, with constraints expected to ease gradually only during the second half of 2027.
Evercore ISI analyst Amit Daryanani reinforced the bullish case by raising his SanDisk price target to $3,100 from $1,400 and retaining an Outperform rating.
Barron’s reported that he believed investors were “underappreciating” the durability of earnings and free cash flow.
Daryanani argued that long-term customer agreements could provide better visibility into revenue, pricing and profits than investors usually receive from a commodity-memory supplier.
Citi also retained a $2,500 target and a positive short-term view, citing AI-driven demand for NAND and storage.
Those forecasts make Friday’s decline look like a valuation reset to bullish investors.
They do not eliminate risk, because SanDisk’s several-hundred-per-cent gain this year has left the shares sensitive to changing expectations.
Amentum (AMTM) announced that the U.S. Department of Energy’s National Nuclear Security Administration (DOE/NNSA) selected them to negotiate a phased lease at the Savannah River Site in South Carolina. The proposed public-private project would pair a 1-gigawatt (GW) AI data center with approximately 2 GW of dedicated on-site generation. The site would initially be powered by natural gas as a bridge to advanced nuclear energy. The proposal connects three important investment themes: AI, natural gas, and nuclear.
Key Takeaways Amentum was selected for a proposed 1 GW AI data center and approximately 2 GW of on-site generation at the Savannah River Site. The project would use natural gas first while creating a path to advanced nuclear energy, addressing the different deployment timelines of data centers and reactors. Amentum, GE Vernova (GEV), and Oklo (OKLO) are positioned at different points in the gas-to-nuclear development model. Amentum Brings AI and Power Development Together The Savannah River proposal is part of a broader DOE effort to use federal land for new AI and energy infrastructure. DOE identified 16 potential sites in 2025 and advanced Savannah River as one of four locations for private-sector development.
The structure brings new generation alongside new demand. DOE said dedicated on-site power could meet the data center’s needs without shifting costs to existing utility customers, with the goal of increasing power available to the grid.
Still, the announcement begins a process rather than finalizing a project. DOE emphasized that the lease remains subject to negotiations, permitting, safety and security reviews, and other approvals. No reactor vendor or nuclear technology have been disclosed.
Gas-to-Nuclear Addresses the Timing Mismatch The model separates time to first power from the longer-term energy mix. Gas can support the data center while nuclear moves through licensing, financing, supply-chain development, and construction. The bridge does not shorten those steps, but it can let site development and customer demand advance sooner.
Blue Energy (private) and GE Vernova unveiled a similar proposed 2.5 GW project in Texas. Two GE Vernova gas turbines could provide approximately 1 GW as early as 2030. The project would then ramp to approximately 1.5 GW from GE Vernova Hitachi’s BWRX-300 small modular reactors as early as 2032. The companies are targeting a final investment decision in 2027, and the project remains subject to investment and regulatory approvals.
See more: Partnerships, Positive Sentiment Boost U.S. Nuclear
Oklo has pursued the same idea through multiple partnerships. Their memorandum of understanding with RPower envisions deploying gas first, adding Aurora powerhouses later, and shifting the gas equipment toward backup and resilience. A separate strategic alliance with Liberty Energy (LBRT) combines immediate gas power with future Aurora deployment.
Implications for Investors and the Nuclear Value Chain The Texas and Oklo examples are separate from the Savannah River proposal. Together, they show how gas-to-nuclear is emerging as a repeatable development concept. A large customer load can support site work, equipment reservations, licensing, and financing before a reactor begins operation.
The VettaFi Nuclear Renaissance Index (NUKZX) includes companies across these phases. Amentum brings nuclear operations, infrastructure development, and program delivery experience. In their separate projects, GE Vernova participates through gas turbines and BWRX-300 technology, while Oklo offers exposure to advanced reactors and new commercial pathways.
If the Savannah River proposal advances, it could create earlier opportunities for engineering, site development, equipment, and project services while the nuclear plan matures. Gas may provide power first, but nuclear-related commercial activity can begin before reactor operation.
NUKZX serves as the underlying index for the Range Nuclear Renaissance Index ETF (NUKZ). Its exposure across advanced reactors, construction and services, utilities, and fuel can reduce dependence on any single project or deployment schedule.
Related Research: NUKZ Growth Expected With Accelerated Nuclear Infrastructure Spending
A New Wave of Federal Nuclear Support & Coordination
Profiling Reactor Technology: Westinghouse and Oklo
Looking for nuclear insights in your inbox? Subscribe here to keep a pulse on nuclear investing through our weekly research.
For more news, information, and analysis, visit the Nuclear Energy Content Hub.
vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for NUKZ, for which it receives an index licensing fee. However, NUKZ is not issued, sponsored, endorsed, or sold by VettaFi. VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of NUKZ.
Gold (XAU/USD) has been consolidating gains during the European trading session, following a bullish gap at the week’s opening as a moderate improvement of risk sentiment hurt the safe-haven USD. A pause in the US-Iran hostilities has boosted hopes of a second round of peace talks, sending Oil prices about $10 lower from last week’s peak and pushing US Treasury yields lower.
Precious metals’ rallies, however, remain subdued so far with investors looking from the sidelines, ahead of the US Federal Reserve’s (Fed) monetary policy meeting, due on Wednesday. Later today, the release of US Durable Goods Orders and the Dallas Fed Manufacturing Index will provide further insight into the momentum of US industrial activity, to frame Wednesday’s decision.
Futures markets are pricing a 33% chance of a Fed rate hike on Wednesday. The most likely scenario, thus, is that of a steady monetary policy, but strong growth data and above-target inflation might prompt the Fed’s Chairman to convey a hawkish message. In this context, the risk is skewed to the downside for gold.
Technical Analysis: Gold is forming a descending triangle
XAU/USD trades at $4,101. The metal holds a constructive immediate bias, yet with price action contained within an ever-narrowing range since late June. Momentum indicators in 4-hour charts are in neutral-to-positive territory, with the Relative Strength Index (RSI) wavering around the 50 midline and the Moving Average Convergence Divergence (MACD) just above zero, hinting at a consolidation rather than an impulsive bullish reversal.
Bulls would need a clear break of the area between the descending trend-line now around $4,160 and the June 22 high around the $4,200 area to confirm a trend shift and bring mid-June highs, at the $4,380 area, into focus.
It's worth mentioning, however, that triangles are often continuation patterns and that, in that sense, a bearish outcome is favoured. Supports are at the triangle's bottom, in the $3,940-$3,960 area, and the late October 2025 low, near $3,885. The Triangle's measured target is at the $3,700 area.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
GFL Environmental is rated Buy, supported by expanding margins, strong pricing, and the transformative SECURE acquisition. A $50/share takeover is plausible but not guaranteed; no formal offer exists, and financing such a deal is complex. GFL trades at a forward EBITDA discount to peers, reflecting higher leverage and acquisition dependence, but offers valuable non-core assets.
SpaceX (NASDAQ: SPCX) extended its stock market decline throughout the previous week and closed on Friday at $115.07 following a 2.68% daily drop.
SpaceX stock price one-week chart. Source: Google Despite the recent trend, however, ChatGPT’s advanced artificial intelligence (AI) estimated that a new SPCX all-time high (ATH) – the current one was recorded at $225.64 on June 16 – remains in the cards within the relative short term.
Specifically, the popular platform explained that SpaceX is in a somewhat unique position on account of operating several different high-tech businesses under the roof of a single company.
Should the firm’s growth strategy be executed as planned, ChatGPT concluded, SPCX equity is likely to reverse its decline and re-enter a rally in early 2027.
ChatGPT outlines the key SpaceX stock tailwinds and headwinds. Source: Finbold & ChatGPT The AI named continued Starlink user base expansion, an improved rocket launch cadence, optimization for profitability, and proof that Starship has become a meaningful commercial business as the key tailwind generators.
On the flip side, ChatGPT also warned that SpaceX’s initial valuation of $1.77 trillion relative to its most recent known financials remains a powerful source of headwinds.
Nonetheless, the advanced platform added that, after factoring in publicly available data on the company, SPCX shares are likely to record a new ATH on April 27, 2027, as they reach a temporary peak of $248 – 115.52% above the latest close and 9.91% above $225.64.
ChatGPT predicts the next SpaceX stock ATH. Source: Finbold & ChatGPT Why ChatGPT expects new SpaceX stock ATH on April 27, 2027 Reflecting on its prediction, ChatGPT explained that the early second quarter (Q2) of 2027 appears a reasonable timeframe, as it would give investors sufficient time to absorb and process the initial public offering (IPO) dynamics, including insider lockups and the actual effects of the Nasdaq-100 benchmark index inclusion.
Similarly, the date will come after multiple earnings reports are published, giving additional insights into SpaceX’s operations and providing room for the firm’s fundamentals to catch up with valuation.
Meanwhile, ChatGPT revealed the new ATH target it set was determined as plausible, as it constitutes only a modest move above $225.64, meaning it would not require a full-blown hype cycle akin to what was seen just after the SPCX shares IPO.
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The biggest initial public offerings often create the biggest expectations. Wall Street has a long history of turning marquee IPOs into can’t-miss events, only for reality to catch up once the excitement fades. That pattern has repeated itself across multiple market cycles, particularly with mega-cap debuts where sky-high valuations leave little room for disappointment.
SpaceX‘s (NASDAQ:SPCX | SPCX Price Prediction) historic IPO followed the same script. Yet unlike most blockbuster offerings, Elon Musk made a deliberate effort to ensure everyday retail investors — not just institutional funds and wealthy clients — had a meaningful opportunity to own shares from day one. Ironically, he also warned those same investors that the stock might not be right for them.
A Different Kind of IPO Most IPOs overwhelmingly favor Wall Street. Large investment banks typically allocate the bulk of available shares to institutional investors, hedge funds, and high-net-worth clients, leaving retail investors buying only after trading begins — often at much higher prices.
SpaceX took a different approach. The company reserved a sizeable portion of its IPO allocation for retail investors, making the largest public offering in history one of the most accessible as well. It reflected Musk’s long-standing view that individual investors deserve the same opportunities traditionally reserved for large institutions.
That accessibility helped fuel enormous demand. SpaceX priced its IPO at $135 per share, but enthusiasm quickly drove the stock sharply higher in its first days of trading. Like many headline-grabbing IPOs before it, however, the initial excitement proved difficult to sustain.
Today, SPCX trades around $114 per share, roughly 22% below its IPO price and 49% below the post-IPO high it reached shortly after its debut.
Surprisingly, that isn’t an unusual outcome. History shows that many mega IPOs often struggle after their initial surge as lofty expectations collide with the realities of running a public company.
SpaceX Warned Investors From the Beginning SpaceX has been warning investors all along its long-term ambitions could conflict with quarterly earnings expectations. President and COO Gwynne Shotwell said at the time of the IPO that the company is measuring its operating horizon in decades, not months.
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Musk reinforced that message during a recent interview with Zanny Minton Beddoes, editor-in-chief of The Economist. He acknowledged that public companies face relentless pressure to produce strong quarterly results instead of investing for the next decade.
“One of the challenges with being a public company is the pressure to have great results every single quarter and not really invest in things that may only pay off in five to 10 years.”
He then pointed directly to SpaceX’s ambitions to expand humanity beyond Earth, saying the company could willingly sacrifice near-term profits to build infrastructure on the Moon or Mars — even knowing investors might react negatively.
“We’ll be spending all this money on a Moon base or a Mars base… people will say, ‘You missed your earnings this quarter because you spent too much on Mars.’ I’m like, ‘Yes.'”
This possibility was also disclosed in the company’s prospectus long before the IPO, yet public markets often remain focused on quarterly margins rather than decade-long returns.
That doesn’t make SpaceX a bad investment. It simply makes it a specialized one. Companies pursuing transformative technologies often require years of heavy spending before shareholders see the full payoff. Amazon (NASDAQ:AMZN) spent decades prioritizing growth over profits. Tesla (NASDAQ:TSLA) endured years of skepticism while expanding manufacturing capacity. SpaceX appears prepared to follow a similar path.
Key Takeaway In short, SpaceX’s IPO wasn’t just historic because of its size. It also challenged the traditional IPO model by giving retail investors access typically reserved for Wall Street’s biggest clients. Yet Musk paired that opportunity with an equally clear warning: don’t expect the company to optimize for next quarter’s earnings.
At its current depressed price, SpaceX stock reflects how difficult that message can be for public markets to embrace. Ultimately, investors considering SpaceX should focus less on where the shares trade today and more on whether they’re willing to own a company whose biggest investments — and potentially its biggest rewards — may still be a decade away.
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SpaceX’s (NASDAQ: SPCX) post-IPO sell-off has reached a new milestone, with the stock now ranking among the worst-performing major U.S. public offerings of the past decade.
Notably, SpaceX closed the Friday session at $115, down more than 27% from its first-day closing price following the company’s June 12, 2026 market debut.
The decline leaves SpaceX underperforming roughly 90% of all U.S. IPOs valued at $1 billion or more since July 2009. While post-IPO pullbacks are common, the scale and speed of SpaceX’s decline stand out.
Data shows that many large IPOs experience first-year declines of between 17% and 25%. However, few billion-dollar listings have fallen as sharply as SpaceX within weeks of going public.
SpaceX stock analysis. Source: Carbon Finance SpaceX stock reverses IPO gains The latest drop extends a sharp reversal that began shortly after the stock’s initial surge. Following its historic IPO, SpaceX shares climbed to around $225, briefly pushing the company’s market capitalization above $2.5 trillion.
Since then, the equity has fallen about 45% to 50% from its post-listing peak, wiping out more than $1 trillion in market value.
SpaceX went public at $135 per share in the largest IPO ever, raising more than $85 billion and securing an initial valuation of approximately $1.8 trillion.
Investor enthusiasm initially drove the stock higher, supported by a limited public float that amplified buying pressure. However, sentiment shifted as investors reassessed the company’s valuation, financial performance, and capital requirements.
SpaceX stock fundamentals The company generated approximately $18.7 billion in revenue in 2025 but reported a net loss of about $5 billion. Investors have also expressed concerns over the substantial spending required for Starship development, Starlink expansion, and AI infrastructure investments following the acquisition of xAI.
Additional pressure has come from expectations that upcoming lockup expirations will significantly increase the number of shares available for trading, potentially creating further selling pressure.
The stock has also been affected by a broader market rotation away from high-growth technology and AI-related names. A scrubbed Starship test flight in July and concerns surrounding the company’s ESG profile further weighed on investor sentiment.
Despite the sell-off, some Wall Street analysts remain optimistic about SpaceX’s long-term prospects, citing Starlink’s growth potential and the company’s dominant position in commercial space launches.
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Apple Inc. (NASDAQ:AAPL) stock rose in Monday’s premarket trading as investor sentiment improved ahead of the opening bell. Nasdaq futures climbed 1.6%, while S&P 500 futures gained 0.97%.
Apple’s early gains largely tracked the broader rally in U.S. equity futures, with other mega-cap technology stocks also moving higher.
The stock is trading near a key resistance level around its recent highs. That makes even modest gains meaningful for short-term traders.
Investors are also positioning ahead of Apple’s quarterly earnings report later this week. As a result, trading could remain sensitive around key technical levels until the results are released.
AI Strategy In Focus: Apple Is Zigging While Big Tech Zags on AIApple’s artificial intelligence strategy is also drawing increased attention ahead of its earnings report.
Unlike Alphabet Inc., Meta Platforms Inc., Amazon.com Inc. and Microsoft Corp., Apple is not spending heavily on AI infrastructure or developing large foundation models. Instead, the company is leaning on its large installed base of consumer devices to deliver AI features.
Evercore ISI analyst Amit Daryanani told CNBC on Friday that Apple appears to view foundation models as less critical to long-term differentiation. That approach allows the company to avoid the heavy capital spending seen across the hyperscaler group while preserving greater flexibility to return cash to shareholders.
Needham analyst Laura Martin told CNBC on Saturday that Apple has chosen to position itself as the primary gateway between consumers and AI services rather than building its own foundation model.
Despite Android’s larger global market share, she said Apple is making a high-stakes wager that it can succeed without developing its own large AI model.
According to Martin, that strategy could either generate exceptional long-term returns if it proves successful or pose a significant existential risk to the company if it fails. She added that she believes Apple has made the wrong choice.
The key question for investors is whether Apple Intelligence can drive a new hardware upgrade cycle. The analyst pointed to faster iPhone replacement rates and improving demand in China as important metrics to watch.
Technical AnalysisApple traded at $334.00, just below its 52-week high of $334.99 reached in July. A move above $335 could attract momentum buyers, while failure to break through may trigger profit-taking.
The broader trend remains positive. The stock trades 6.2% above its 20-day simple moving average (SMA) of $314.39 and 20.9% above its 200-day SMA of $275.98.
The 20-day SMA remains above the 50-day SMA. In addition, the 50-day SMA continues to trade above the 200-day SMA following the golden cross that formed in September 2025. That setup suggests the longer-term uptrend remains intact.
Momentum indicators also support the bullish outlook. The moving average convergence divergence (MACD) indicator remains above its signal line, while the histogram is positive. Together, those signals point to strengthening buying momentum.
The next key resistance level is $335.00. Initial support sits near $287.50, an area where buyers have previously stepped in.
Earnings And Analyst OutlookApple is scheduled to report quarterly results on Thursday, July 30.
Wall Street expects earnings of $1.89 per share, up from $1.57 a year earlier. Revenue is projected to reach $108.86 billion, compared with $94.04 billion in the prior-year quarter.
The stock trades at 40.3 times earnings, reflecting a premium valuation.
Analysts maintain a consensus Buy rating with an average price forecast of $325.36. Recent rating changes include:
Morgan Stanley raised its price forecast to $364 on July 23 while maintaining an Overweight rating. HSBC upgraded the stock to Buy on July 17 and raised its price forecast to $366. KeyBanc downgraded Apple to Underweight on July 14 with a $250 price forecast. ETF ExposureBecause Apple represents such a large portion of these funds, strong ETF inflows or outflows can drive automatic buying or selling of the stock.
Price ActionAAPL Stock Price Activity: Apple shares were up 0.29% at $334.00 during premarket trading on Monday, according to Benzinga Pro data.
Image via Shutterstock
Market News and Data brought to you by Benzinga APIs
The U.S. stock market is in a two-month rut, bond yields are making new highs, and earnings from Alphabet and Tesla dropped the ball. Bulls need a hero.
Enter Apple, the only stock among the ten biggest in the S&P 500 that's near an all-time high.
After going nowhere for seven months, Apple stock is up 20% since its late-June low and less than two dollars below a fresh all-time record made just over a week ago.
Apple reports earnings after the bell Thursday, and options traders are leaning into the stock's recent strength, with big-money traders buying in-the-money calls and speculators looking for a ramp to new highs by this Friday, according to trades put on before the market close Friday, and open interest that's built up around the stock this summer.
Apple, YTD
Of the $590 million in options premium traded on Apple Friday, $442 million was tied to calls, according to SpotGamma. Traders bought almost 560,000 calls, compared to just 332,00 puts, ThinkOrSwim data show. Perhaps more importantly, options prices currently imply an almost 4% move for Apple after earnings, an unusually large move considering the average historical 1% swing over the past year, according to Cboe LiveVol data.
"I think the probability is fairly high that Apple could help stabilize the market this week," said Nigam Arora, founder and author of The Arora Report newsletter. "Investors are viewing Apple as a defensive stock because, unlike several of its peers, it isn't spending hundreds of billions on AI capex."
The biggest trade in Apple Friday was someone opening a new position in $2.6 million of 280-strike calls in Apple expiring mid-August, a bullish position with a delta near one, meaning the trade acts as stock replacement for the owner.
The strike with the biggest open interest in options expiring this Friday is at $320, with 13,000 calls 5,000 puts, according to data from BarChart. That suggests even if the earnings don't lead to a rally, investors are confident last week's lows will hold.
The most popular contract expiring Friday by volume bought on Friday was the 300-strike put, with 7,500 contracts traded but for just $374,000 in total premium. The second-most popular was the 340 strike call with 5,000 contracts totaling $2.3 million in premium, SpotGamma data show.
That contract goes for $4.25 as of Friday's close, meaning buyers need Apple to rally 3.4% this week to beyond its all-time high of $335.
