Track market-moving stories before they get noisy

In the latest trading session, United Airlines (UAL - Free Report) closed at $118.32, marking a +2.15% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.09%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 1.91%.

Coming into today, shares of the airline had gained 18.17% in the past month. In that same time, the Transportation sector gained 3.66%, while the S&P 500 gained 0.29%.

The upcoming earnings release of United Airlines will be of great interest to investors. The company is forecasted to report an EPS of $1.9, showcasing a 50.9% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $17.58 billion, indicating a 15.41% growth compared to the corresponding quarter of the prior year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.63 per share and a revenue of $66.59 billion, representing changes of -9.32% and +12.72%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for United Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.08% higher. United Airlines presently features a Zacks Rank of #3 (Hold).

Looking at valuation, United Airlines is presently trading at a Forward P/E ratio of 12.03. This expresses a discount compared to the average Forward P/E of 12.19 of its industry.

Investors should also note that UAL has a PEG ratio of 0.96 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Transportation - Airline industry held an average PEG ratio of 0.96.

The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 201, which puts it in the bottom 18% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Key Takeaways UAL launched its first Starlink-equipped transatlantic widebody,boosting connectivity to long-haul. UAL plans nearly 60 Starlink widebodies by end-2026 and full widebody completion by next summer. UAL says 18.6M passengers flew on Starlink-equipped aircraft, Wi-Fi satisfaction nearly doubled. United Airlines (UAL - Free Report) is rapidly strengthening its onboard connectivity offering through the accelerated rollout of Starlink-powered Wi-Fi across its fleet. The launch of the first transatlantic widebody flight equipped with Starlink marks a significant milestone, as it extends high-speed internet access beyond domestic and short-haul routes to long-haul international operations. With nearly 60 widebody aircraft expected to feature Starlink by the end of 2026 and the entire widebody fleet targeted for completion by next summer, UAL is positioning itself as a leader in in-flight connectivity.

The initiative is particularly important given United Airlines' extensive international network spanning both the Atlantic and Pacific regions. Starlink's low-Earth orbit satellite technology enables reliable internet service over oceans, polar regions and other remote areas where conventional in-flight Wi-Fi often struggles. This capability enhances the passenger experience on some of the airline's longest routes, allowing travelers to remain connected throughout their journeys without significant interruptions.

Customer adoption metrics suggest that the investment is already yielding positive results. Since the launch of Starlink Wi-Fi, more than 18.6 million passengers have flown on Starlink-equipped aircraft, using nearly 10 million connected devices across more than 311,000 flights. The company also reported that customer satisfaction scores for Wi-Fi-equipped aircraft nearly doubled, underscoring the growing importance of dependable connectivity as a differentiating factor in airline service quality.

Beyond passenger convenience, the Starlink rollout supports UAL's broader digital transformation strategy. The combination of high-speed connectivity and the airline's expanding seatback entertainment network creates opportunities for enhanced onboard services, including real-time collaboration, gaming, streaming and multi-device connectivity. With plans to equip nearly 1,000 aircraft with Starlink by year-end, United Airlines is making a substantial investment aimed at improving customer loyalty, strengthening its competitive position and setting a new benchmark for the in-flight experience.

UAL’s Share Price PerformanceUAL’s shares have gained 50.2% over the past year compared with the Transportation - Airline industry’s 28.7% growth.

Image Source: Zacks Investment Research

UAL’s Zacks RankUAL currently carries a Zacks Rank #3 (Hold).

Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) and Teekay Tankers Ltd (TNK - Free Report) . 

EXPD currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Expeditors has an expected earnings growth rate of 11.9% for 2026.  The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 13.96%.

Teekay Tankers Ltd currently sports a Zacks Rank #1.

TNK has an expected earnings growth rate of 98% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 10.2%.

The Elon Musk ConnectionOn Tuesday, United announced a partnership with DIRECTV that will bring live television, including sports programming, to Starlink-enabled flights.

American Airlines is also betting on Starlink. Last month, the carrier announced plans to equip more than 500 regional and narrow-body aircraft with the satellite-based internet service beginning in 2027.

A Rare Bullish SignalWhile investors focus on fleet upgrades and passenger experience, the charts are quietly flashing bullish signals.

American Airlines recently completed a Golden Cross, a technical pattern that occurs when a stock’s 50-day moving average rises above its 200-day moving average. Technical traders often view the formation as a sign of improving long-term momentum.

United appears close to generating the same signal after a strong June rally.

Chart created using Benzinga Pro

The 50-day average at $101.84 is closing in on the 200-day average at $102.42, with positive volume supporting further gains. If the crossover occurs, both airlines would share an unusual combination: bullish technical momentum and a growing partnership with Starlink.

Why Investors Are Paying AttentionFor years, airlines competed primarily on fares, routes and loyalty programs. Connectivity is now emerging as another battleground.

Starlink’s low-Earth-orbit satellite network offers faster internet speeds and lower latency than many legacy inflight systems, allowing passengers to stream content, browse the internet and stay connected more seamlessly while flying.

Whether better Wi-Fi ultimately translates into higher profits remains unclear. But investors often look for companies that are improving both operationally and technically.

American Airlines has already joined the Golden Cross club. United appears poised to follow. And in both cases, Elon Musk’s Starlink is becoming part of the story.

Image via Shutterstock

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The agreement between the United States and Iran to reopen the Strait of Hormuz is very positive. Already, Iranian oil tankers are moving through this critical supply chokepoint. Others will likely follow in short order, with tankers lining up for the journey. The price of oil has been falling, but that may be more a matter of perception than reality.

Indeed, the ongoing warnings from key industry participants about oil inventories still stand. Here's what you need to know and why it could take longer than Wall Street seems to believe for the energy sector to return to normal again.

Image source: Getty Images.

Energy markets don't operate like a light switch The big problem with energy prices right now is that investors are treating months of supply constraints as if they could be solved overnight. That's just not how the energy sector works. Producing oil, moving it to where it is needed, processing it into usable products, and then selling it takes time. This is why inventories are so important. Countries and companies normally keep some extra oil around, so a short-term disruption in the complex energy chain doesn't derail the entire system.

However, the geopolitical conflict in the Middle East was more than just a delayed tanker. It shut down one of the most important oil supply routes in the world, through which an estimated 20% of the world's oil flows. The price of oil rose quickly in response, which makes sense.

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Inventories were used as a buffer, protecting the world from the full brunt of the supply disruption. That's what the inventories are meant to do, but there's a longer-term issue to consider. Right now, Wall Street is acting as if energy markets will return to normal instantly. But that is highly unlikely, since inventories now need to be rebuilt. Essentially, demand will be higher than normal for a period.

How bad is the energy situation? This is something that the CEOs of ExxonMobil (XOM 2.12%) and Chevron (CVX 2.31%), two of the world's largest energy companies, have been warning about for a long time. These two integrated energy giants have a birds-eye view of the issue, since their globally diversified businesses span the entire energy value chain. Notably, the agreement comes as the U.S. strategic energy reserve is at its lowest level since 1983, underscoring warnings from Exxon and Chevron.

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The United States isn't alone in drawing down reserves to help offset the lack of supply. Those reserves will have to be replenished before the supply/demand imbalance is fully rectified. And that will likely extend the energy market recovery well beyond what investors currently price into oil and natural gas. Exxon and Chevron have both warned that higher oil prices could be on the way as the on-the-ground reality of the energy sector becomes more important than news flow from the conflict.

Adding to the worry is the agreement's sustainability. The conflict has lingered, with periods of cooling that only heat up again. This could be the deal that sticks, but it is far from clear that it is just yet. Moving oil through the Strait of Hormuz will be a high-risk venture for at least a little longer, as companies and countries gauge the new agreement's strength.

The initial flow isn't going to be the true picture, either Complicating the picture is the line of oil tankers waiting to go through the Strait. That will make it appear that a flood of oil is hitting the market, which it will be. But that flood will quickly slow as energy markets return to normal and inventories are rebuilt. Investors looking at this situation shouldn't call an all clear just yet.

That said, Exxon and Chevron are built to deal with energy market turbulence. For most investors, they are a good way to get long-term exposure to the sector. And they are also good companies to listen to when the sector is in turmoil. Right now, these two industry giants are providing an important note of caution that you shouldn't ignore.

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Before the geopolitical conflict in the Middle East broke out, Brent crude was trading in the $60 range. As fighting flared, news from the conflict pushed oil up to just over $130 a barrel. Today, as the two sides appear to have reached a tentative agreement to end the conflict, oil is trading around $80.

It seems logical to expect oil to return to $60 in short order, assuming the agreement to end the conflict holds. But two of the world's largest energy companies, ExxonMobil (XOM 2.12%) and Chevron (CVX 2.31%), have warned that industry fundamentals are weaker than Wall Street realizes. That could mean higher, not lower, prices once fundamentals start to drive energy prices.

Image source: Getty Images.

What's going on with oil? The geopolitical conflict in the Middle East effectively shut the Strait of Hormuz. It is estimated that about 20% of the world's oil flows through that chokepoint. That's a huge amount of oil, and it is why the Strait became such an important point of contention. You can't simply shut off the spigot and expect nothing to happen.

The obvious first impact was a rapid rise in energy prices. However, that was just the most obvious impact, and the one that got the most media attention. In the background, companies and countries had to deal with less oil. However, the energy industry is accustomed to dealing with minor disruptions, such as shipping delays, which can disrupt the normal flow of oil and natural gas. This is why companies and countries have energy reserves. Those reserves were tapped during the conflict to soften the impact of the reduced energy supply.

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Exxon and Chevron have both warned that inventories are at worrying levels. To put a number on that, the U.S. strategic petroleum reserve fell to roughly 340 million barrels in mid-June, the lowest level in 40 years.

To be fair, the drop in the reserve started in 2011, well before the current conflict. However, starting in mid-2023, the reserve began to be rebuilt. All the gains have now been lost, and the U.S. has to start over. But the United States isn't alone in this process; countries and companies around the world have tapped their reserves as well.

Higher oil prices could emerge even as supply opens up The energy sector doesn't work like a switch; you can't just turn it on and off at will. There is a process involved in producing, transporting, and processing oil and natural gas. As newsflow around the conflict recedes, the fundamentals of the energy market will likely take center stage. Exxon and Chevron are both openly warning that the fundamentals aren't very good right now.

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In the long run, industry watchers like the International Energy Agency (IEA) expect a glut of oil to lead to lower energy prices. But that isn't expected to occur until some time in 2027, with the IEA warning that it could take months for the energy market to stabilize, assuming the agreement to end hostilities holds.

According to the IEA, global reserves could hit historic lows before oil becomes more available toward the end of 2026. That means there could be months of uncertainty ahead for the energy sector, and it wouldn't be at all shocking to see oil prices rise in the span. The energy sector has a long history of being volatile.

This is why sticking to the giants is a good choice While the current upheaval in the energy sector has been headline news, it's not surprising from a historical perspective. In fact, it is par for the course. Which is why most investors looking to include an energy component in their portfolios should probably stick with financially strong and diversified industry giants like Exxon and Chevron.

They have proven that they can handle the ebbs and flows of the energy sector in relative stride. Notably, they have both increased their dividends annually for decades, demonstrating their resilience. Of the two, Chevron is smaller but has the higher yield, at around 4%, which should make it particularly interesting to income-focused investors. That said, Exxon is usually one of the most efficient operators in the industry, so if you like sticking to the biggest and best, it will probably be the better pick for you.

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SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation today announced that its redomiciliation from New Jersey to Texas is expected to become effective on July 1, 2026.

As part of this change, ExxonMobil Holdings Corporation will become the publicly traded parent company, replacing Exxon Mobil Corporation of New Jersey. Shares will continue to trade on the New York Stock Exchange under the ticker symbol “XOM,” and shareholders are not required to take any action.

Shareholders approved the move to Texas at the company’s 2026 Annual Meeting. Additional details are available in the company’s filings with the U.S. Securities and Exchange Commission. ExxonMobil expects to file a Form 8-K upon completion.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The Company’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO2 pipeline network in the United States. In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity. To learn more, visit exxonmobil.com and ExxonMobil’s Advancing Climate Solutions.

Forward-Looking Statements

Statements related to the benefits and effects of the proposed redomiciliation of ExxonMobil from New Jersey to Texas (the “Texas Redomiciliation”) and other statements of future events or conditions following the Texas Redomiciliation also are forward-looking statements. Actual future results or events, including future litigation; expectations related to the Texas business environment and Texas courts; potential benefits, implications, risks, costs, tax effects, cost savings, or other related implications associated with the Texas Redomiciliation; the Company’s future financial position, growth opportunities, and trends in the markets in which we operate; and the prospects, plans, and objectives of management and the Board, could differ materially due to a number of factors. These factors include, without limitation, legislative, regulatory, or judicial developments; unexpected costs, fees, or expenses related to the Texas Redomiciliation; the nature, cost, and outcome of any litigation or other legal proceedings, including any such proceedings related to the Texas Redomiciliation; unanticipated responses to the Texas Redomiciliation from customers, suppliers, and others with whom the Company does business; any inability to consummate the Texas Redomiciliation within the anticipated time period, or at all, due to any reason, including the failure to obtain necessary shareholder or regulatory approvals; and other risks identified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 18, 2026, the preliminary proxy statement filed with the SEC on March 10, 2026, and as otherwise described or updated from time to time in ExxonMobil’s other filings with the SEC.

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SummaryCompaniesExxon seeks compensation for property seized in 1960Trump allowed wave of US lawsuits against CubaExxon sued under US law called the Helms-Burton ActTrump administration supported Exxon in caseWASHINGTON, June 23 (Reuters) - The U.S. Supreme Court made it easier on Tuesday for U.S. companies to seek compensation from Cuba's government for property seized decades ago by former leader Fidel Castro's ​government, ruling in favor of ExxonMobil (XOM.N), opens new tab in its lawsuit against Cuban state-owned firm Corporación CIMEX.

In a 6-3 decision, the court said a legal defense called foreign sovereign immunity, ‌which generally prohibits U.S. lawsuits against foreign governments and their agents, is not available in cases like the one Exxon brought against CIMEX under a 1996 U.S. law called the Helms-Burton Act.

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Conservative Justice Brett Kavanaugh, who authored the ruling, wrote that the 30-year-old federal law eliminates "the sovereign immunity of Cuban agencies and instrumentalities."

"The Helms-Burton Act authorizes private suits against Cuban agencies and instrumentalities — suits that would largely be nonstarters if subjected to the FSIA's requirements," Kavanaugh wrote, referring ​to the Foreign Sovereign Immunities Act of 1976.

The court's six conservative justices were in the majority. Justice Elena Kagan wrote a dissent that was joined by the court's two other ​liberal members.

Kagan said that the plaintiffs should be required to show that their suit was exempt from the Foreign Sovereign Immunities Act, arguing that, "Nothing in ⁠the text or 'architecture' of the Helms-Burton Act suggests that Congress abrogated the sovereign immunity of these defendants — much less that it did so with the requisite unmistakable clarity."

The Supreme Court reversed a lower ​court's 2024 ruling that CIMEX could invoke the sovereign immunity defense.

The decision removes a major obstacle Exxon faced in its 2019 lawsuit that accused CIMEX of unlawfully using a refinery and service stations that ​once belonged to Standard Oil, Exxon's corporate predecessor. The case will return to a lower court for further deliberations on CIMEX's potential liability.

A Helms-Burton Act provision called Title III permits lawsuits to be filed in U.S. courts against anyone who "traffics" in property confiscated by Cuba's communist government after the 1959 revolution that brought Castro to power. U.S. President Donald Trump's administration supported Exxon's appeal to the Supreme Court.

An Exxon spokesperson welcomed the court's decision on Tuesday, calling ​it "a critical moment in a 60-year effort to be compensated for what the Cuban government illegally seized."

"It reflects two things: the merits of our argument and the fact that our company will fight ​a good fight for as long as it takes," the spokesperson said.

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo/File Photo Purchase Licensing Rights, opens new tab

U.S.-CUBA TENSIONSThe ruling was issued at a rancorous time in U.S.-Cuban relations. The United States on May 20 brought murder charges against former Cuban President Raúl Castro, ‌Fidel's younger brother, ⁠in a major escalation in Trump's pressure campaign against Cuba's government.

Under Trump, the United States has effectively imposed a blockade on Cuba by threatening sanctions on countries supplying it with fuel, triggering power outages and exacerbating its worst crisis in decades.

Exxon's suit involved Fidel Castro's confiscation of all of the U.S. energy company's Cuban oil and gas assets in 1959, which represented a loss valued at $70 million at the time. Exxon's current claim is now valued at more than $1 billion because of interest and the potential for enhanced damages.

According to Exxon, its assets were transferred to CIMEX, Cuba's largest state-owned conglomerate. CIMEX ​continues to hold and profit from the confiscated ​property.

Exxon's lawsuit was part of a flood of ⁠about 40 cases filed under the Helms-Burton Act in 2019 and 2020 because of a change in U.S. policy toward Cuba during Trump's first term in office.

When it passed the Helms-Burton Act, Congress authorized the U.S. president to suspend Title III on national security grounds. The provision was then suspended ​by three presidents seeking to avoid diplomatic conflicts with allies like Canada and Spain whose companies have invested in Cuba. Trump lifted that suspension ​in 2019.

Lower court rulings had ⁠made it difficult for U.S. companies to prevail in such cases, with most lawsuits being dismissed on jurisdictional or procedural grounds.

CRUISE DISPUTEThe decision was one of two issued by the Supreme Court this year in cases involving the Helms-Burton Act and Cuba.

In the other case, the court delivered a setback on May 21 to four American cruise operators that contested $440 million in combined judgments in litigation brought by a U.S. company called Havana ⁠Docks Corporation ​accusing them of unlawfully using docks in Cuba that it built and were later seized.

The justices set aside a lower ​court's decision to throw out the judgments against Carnival (CCL.N), opens new tab, Norwegian Cruise Line Holdings (NCLH.N), opens new tab, Royal Caribbean Cruises (RCL.N), opens new tab and MSC Cruises that were awarded to Havana Docks. The Supreme Court's decision sent the case back to the lower court for it to consider other ​defenses offered by the cruise lines.

Reporting by Jan Wolfe; Editing by Will Dunham

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Key Takeaways XOM's upstream business is supported by WTI crude trading above $70 per barrel.ExxonMobil aims to grow Permian production to 1.8 million oil equivalent barrels this year.Chevron and ConocoPhillips may also benefit from strong oil prices and Permian exposure. The West Texas Intermediate (“WTI”) crude is trading at more than the $70-per-barrel mark. The U.S. Energy Information Administration (“EIA”) in its latest short-term energy outlook projected WTI at $88.32 per barrel for this year, higher than $65.40 last year. A highly favorable pricing environment for the commodity is likely to continue supporting Exxon Mobil Corporation’s (XOM - Free Report) exploration and production activities, which derive the majority of its earnings.

The company has a massive footprint in the Permian, the most prolific oil and gas play in the United States, and offshore Guyana. In the Permian, the integrated giant has been employing lightweight proppant technology and hence is capable of boosting its well recoveries by up to as much as 20%. On the first-quarter earnings call, XOM mentioned that it is staying aligned with its plan of growing its production in the most prolific basin to 1.8 million oil equivalent barrels this year.

In Guyana, XOM has made several oil and gas discoveries, further highlighting its solid production outlook. Record production from both resources has been aiding its top and bottom lines. In both resources, the breakeven costs are low.

Will CVX & COP Also Gain From the Ongoing Oil?Like XOM, Chevron Corporation (CVX - Free Report) and ConocoPhillips (COP - Free Report) will benefit from the ongoing strength in oil prices. Let’s delve a little deeper.

With COP generating a significant proportion of revenues from crude oil, the handsome price of the commodity is extremely favorable for the leading oil and gas exploration and production company, much like other energy giants, such as XOM and CVX.

The upstream energy giant also has low-cost drilling opportunities across Permian, Eagle Ford and Bakken that could be successfully developed over two decades. Thus, the outlook for ConocoPhillips’ upstream operations looks bright.

Chevron, on the other hand, has been witnessing a growth in production volumes, thanks to its footprint in the Permian – the most prolific basin in the United States. CVX is thus well-poised to gain from prevailing oil prices.

XOM’s Price Performance, Valuation & EstimatesShares of XOM have gained 29% over the past year compared with the 28.8% improvement of the industry.

Image Source: Zacks Investment Research

From a valuation standpoint, XOM trades at a trailing 12-month enterprise value to EBITDA of 9.27X. This is above the broader industry average of 6.11X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for XOM’s 2026 earnings has seen upward revisions over the past 30 days.

Image Source: Zacks Investment Research

XOM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

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What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

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Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

#1 (Strong Buy) stocks have produced an unmatched +24% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

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To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Ford Motor Company (F - Free Report) Dearborn, MI-based Ford is one of the leading automakers in the world. It manufactures, markets and services cars, trucks, sport utility vehicles, electrified vehicles and Lincoln luxury vehicles. 

F is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Auto-Tires-Trucks stock. F has a Momentum Style Score of B, and shares are up 10.3% over the past four weeks.

For fiscal 2026, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $1.64 per share. F boasts an average earnings surprise of +58.4%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, F should be on investors' short list.

On June 17, 2026, Ford Motor Co (F) shares fell 3.1%, closing at $13.96. The stock is currently trading within a 52-week range of $10.38 to $17.78, having seen

Ford Motor Company (F - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this company have returned +2.9%, compared to the Zacks S&P 500 composite's +1.4% change. During this period, the Zacks Automotive - Domestic industry, which Ford Motor falls in, has lost 1%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Ford Motor is expected to post earnings of $0.35 per share, indicating a change of -5.4% from the year-ago quarter. The Zacks Consensus Estimate has changed +4.8% over the last 30 days.

The consensus earnings estimate of $1.64 for the current fiscal year indicates a year-over-year change of +50.5%. This estimate has changed +2.6% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $1.83 indicates a change of +11.8% from what Ford Motor is expected to report a year ago. Over the past month, the estimate has changed +1%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Ford Motor.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Ford Motor, the consensus sales estimate for the current quarter of $45.44 billion indicates a year-over-year change of -3.2%. For the current and next fiscal years, $175.77 billion and $174.79 billion estimates indicate +1% and -0.6% changes, respectively.

Last Reported Results and Surprise HistoryFord Motor reported revenues of $39.82 billion in the last reported quarter, representing a year-over-year change of +6.4%. EPS of $0.66 for the same period compares with $0.14 a year ago.

Compared to the Zacks Consensus Estimate of $39.34 billion, the reported revenues represent a surprise of +1.21%. The EPS surprise was +230%.

Over the last four quarters, Ford Motor surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Ford Motor is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Ford Motor. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Key Takeaways Ford is favored for stronger execution, improving earnings outlook and profitable growth drivers.F raised 2026 adjusted EBIT guidance as Ford Pro and higher-margin vehicles support results.Stellantis faces raw material cost pressure, lower EPS revisions and weaker recent share performance. Both the leading automakers, Ford Motor Company (F - Free Report) and Stellantis N.V. (STLA - Free Report) , have recently announced strategic partnerships to strengthen their respective long-term growth.

On May 18, 2026, Ford Energy signed a five-year agreement with EDF Group to supply up to 20 GWh of battery energy storage systems for U.S. grid-scale projects beginning in 2028.

On June 17, 2026, Stellantis announced a partnership with Wayve and Uber Technologies to accelerate the global deployment of Level 4 autonomous robotaxis by combining vehicle platforms, AI driving technology and ride-hailing capabilities.

While both automakers appear well-positioned for sustained growth, let’s dig deeper into their fundamentals to get a clearer perspective on which company currently holds the stronger competitive advantage.

The Case for Ford StockFord Pro remains a key growth engine, supported by demand for commercial vehicles and expanding software and physical services. In the first quarter of 2026, paid software subscriptions rose 30% year over year to 879,000, reinforcing the shift toward higher recurring revenues. The company expects 2026 Ford Pro EBIT of $6.5-$7.5 billion compared with $6.84 billion in 2025, which keeps the segment central to Ford’s longer-term earnings mix.

Ford’s strategy of emphasizing higher-margin vehicles and trims appears to be working. The strong demand for trucks, large SUVs, off-road trims and hybrids with richer margins is improving profitability. Off-road performance trims, such as Raptor and Tremor, now account for nearly one-quarter of U.S. sales, while Ford also reported improved mix within Explorer, Expedition and F-Series.

Ford maintained lower incentive spending than competitors while still achieving strong transaction prices and retail share gains. This suggests healthier pricing discipline compared with prior industry cycles. The company’s focus on “profit pillars” rather than low-margin volume growth could help sustain earnings even if industry demand moderates over time. For the full year, Ford raised its overall adjusted EBIT guidance to $8.5-$10.5 billion, up from previous guidance of $8-$10 billion.

However, Ford continues to fund modernization, connectivity and new product programs while expanding electrification and services. The company expects 2026 capital expenditures of $9.5-$10.5 billion, up from $8.8 billion in 2025. With additional spending tied to EV development and interim supply-chain costs, cash conversion can remain uneven through the cycle.

The Zacks Consensus Estimate for F’s 2026 EPS implies year-over-year growth of 50.5%. EPS estimates for 2026 and 2027 have improved by 4 cents and 2 cents, respectively, in the past 30 days.

Image Source: Zacks Investment Research

The Case for Stellantis StockIndustrial costs remain a tailwind for Stellantis, supported by higher production volumes, improved manufacturing efficiency and ongoing product cost optimization initiatives. For 2026, Stellantis projects mid-single-digit revenue growth, a low-single-digit adjusted operating income margin and year-over-year improvement in industrial free cash flow.

On May 21, 2026, Stellantis launched its FaSTLAne 2030 strategy, outlining a €60 billion five-year plan aimed at accelerating growth, improving profitability and enhancing shareholder returns. The company targets revenue growth from €154 billion in 2025 to €190 billion by 2030, a 7% adjusted operating income margin by 2030, positive industrial free cash flow in 2027 rising to €6 billion by 2030, and €6 billion in annualized cost savings by 2028 through its Value Creation Program.

Stellantis also expanded its collaboration with Qualcomm Technologies to integrate Snapdragon Digital Chassis chips with its STLA Brain software platform, strengthening cockpit, connectivity and ADAS capabilities while supporting faster product launches, continuous software upgrades and greater cost efficiency through platform standardization.

Stellantis launched its affordable E-Car project, with production expected to begin in 2028. The fully electric vehicle targets Europe's shrinking affordable small-car segment and will feature advanced BEV technology developed with partners to enhance affordability and accelerate commercialization.

However, Stellantis continues to face significant raw material cost volatility. Based on prevailing market prices, the net impact after hedging could approach 1% of annual revenues, with raw material costs potentially adding more than €1 billion in expenses during 2026.

The Zacks Consensus Estimate for STLA’s 2026 EPS implies year-over-year growth of 214.6%. EPS estimates for 2026 and 2027 have fallen 4 cents and 12 cents, respectively, in the past 30 days.

Image Source: Zacks Investment Research

Price Performance of F & STLAIn the last six months, shares of Stellantis have plunged 42.5%, while Ford shares have risen 5.8%. While F has outperformed the Zacks auto sector, Stellantis has underperformed the same.

6-Month Price Performance Comparison
Image Source: Zacks Investment Research

ConclusionFord is delivering profitable growth through its high-margin Ford Pro business, favorable vehicle mix, disciplined pricing strategy and improving earnings outlook. Ford is also set to benefit from upward EPS estimate revisions and positive share price momentum.

On the other hand, Stellantis' long-term growth depends on ambitious strategic initiatives that are still in the early stages. Also, Stellantis faces downward earnings revisions, raw material cost pressures and weaker stock performance.

Although Ford and Stellantis carry a Zacks Rank #3 (Hold) each at present, Ford appears to be the stronger investment choice based on its current execution and earnings visibility. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

A Ford logo on a Ford F-150 pickup truck for sale in Encinitas, California, U.S. October 20, 2025. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab

CompaniesDETROIT, June 22 (Reuters) - Canadian auto union Unifor began negotiations with Ford Motor (F.N), opens new tab on ​Monday, commencing talks on new contracts ‌with the so-called Detroit Three of Ford, General Motors (GM.N), opens new tab and Stellantis (STLAM.MI), opens new tab to try to improve pay, ​job security and benefits for its ​nearly 19,000 members at those companies.

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Existing ⁠collective agreements between Unifor and the Detroit ​Three automakers expire on September 20.

The union ​began the negotiations with Ford because the automaker has been most committed to continuing its operations in ​Canada, the union said.

Unifor set a ​deadline of July 10 to reach a deal with ‌Ford, ⁠which it will then take to the other two automakers.

The union said it has begun talks earlier than usual because economic ​conditions are ​unlikely to ⁠improve in the coming months and could worsen.

Canada faces significant U.S. ​tariffs pending negotiations around the ​future ⁠of the U.S.-Canada-Mexico trade agreement.

Nearly 6,000 workers have been laid off across plants owned by ⁠the ​three automakers as the ​companies have shifted or paused production at several facilities.

Reporting ​by Nora Eckert in Detroit Editing by David Goodman

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Nora Eckert reports on the automotive industry from Detroit. She covers Ford, GM, Stellantis and the United Auto Workers, with a focus on the industry's transition to EVs. She was previously a reporter for The Wall Street Journal in Detroit, where she broke news on major automakers and the UAW. She was earlier part of a WSJ investigations team that was recognized as a finalist for the 2021 Pulitzer Prize. Nora began her career as an investigative reporter with the Rochester Post Bulletin in Minnesota, where she focused on the state's organ transplant system and prisons.

Item 1 of 2 A FURY drone inside the Arsenal-1 manufacturing facility, operated by Anduril, in Ashville, Ohio, U.S. March 19, 2026. REUTERS/Megan Jelinger

[1/2]A FURY drone inside the Arsenal-1 manufacturing facility, operated by Anduril, in Ashville, Ohio, U.S. March 19, 2026. REUTERS/Megan Jelinger Purchase Licensing Rights, opens new tab

WASHINGTON, June 17 (Reuters) - The U.S. Air Force on Wednesday awarded production contracts ​to General Atomics and Anduril Industries to build its first fleet ‌of semi-autonomous Collaborative Combat Aircraft (CCA), moving a program that began just over two years ago from prototype to full-scale manufacturing.

The department awarded production contracts to both companies — General ​Atomics for the FQ-42 and Anduril for the FQ-44, the Air ​Force said, without disclosing the cost or size of the ⁠order.

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The CCA program is central to the Air Force's broader vision ​of human-machine teaming, pairing the autonomous aircraft with crewed fighters to extend reach, ​awareness, and survivability in contested environments. The Air Force ultimately intends to field about 1,000 combat-capable CCA, using continuous competition among vendors to drive down costs while scaling fighter ​capacity.

The contracts were awarded months ahead of schedule, a sign that ​both aircraft meet mission requirements and are ready for manufacturing.

"By moving fast from competitive selection ‌into ⁠full-scale manufacturing, we position ourselves to field highly credible and combat-ready semi-autonomous systems to stay ahead of the pacing challenge," said Secretary of the Air Force Troy Meink. "These contracts reaffirm our confidence in the strategic path forward for ​the program to ​procure over 150 ⁠combat capable CCA by the end of the decade."

Alongside the hardware contracts, the Air Force simultaneously moved forward ​on the software side of the program, awarding mission ​autonomy production ⁠contracts to a pool of six vendors: Anduril, General Atomics, Lockheed Martin (LMT.N), opens new tab, Northrop Grumman (NOC.N), opens new tab, RTX's (RTX.N), opens new tab Collins Aerospace, and Shield AI.

In a notable departure from traditional ⁠Pentagon procurement, ​the Air Force is pursuing a strategy ​it calls "software sold separately," deliberately decoupling the purchase of the CCA's mission autonomy software from its ​airframe.

Reporting by Mike Stone in Washington; Editing by Nia Williams and Stephen Coates

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Key Takeaways General Motors and Lockheed Martin signed an MOU to expand U.S. defense manufacturing capabilities.GM Defense brings manufacturing expertise as the partnership targets faster, higher-rate production.Lockheed Martin plans a $9B facility and supply network investment through 2030 to support capacity. General Motors Company (GM - Free Report) has partnered with defense contractor Lockheed Martin to expand U.S. defense manufacturing capabilities, with the collaboration facilitated by the U.S. Department of Defense. The companies aim to increase production capacity for munitions and other defense products by improving production readiness, strengthening supply chains and leveraging advanced manufacturing and design technologies.

The partnership, currently governed by a memorandum of understanding, is in its early stages, with future contract opportunities yet to be defined. It will focus on high-rate manufacturing to increase the speed, scale and resilience of the U.S. defense industrial base.

Lockheed Martin plans to invest $9 billion through 2030 to modernize 20 facilities and strengthen its supply network. Separately, GM is investing $9 billion in capital expenditures and $7 billion in research and development across its business this year, though it has not disclosed investment plans for GM Defense.

Reestablished in 2017, GM Defense serves customers including the U.S. Army, the Secret Service and NASA, building on GM's history of manufacturing military vehicles during World War II. Per Bruce Brown, vice president of strategy at GM Defense, the collaboration combines the manufacturing expertise of both companies to strengthen the nation's defense industrial base.

The announcement comes as the Trump administration encourages greater domestic manufacturing and has held discussions with major automakers about supporting U.S. defense production.

GM’s Zacks Rank & Key PicksGeneral Motors currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the auto space are Geely Automobile Holdings Limited (GELHY - Free Report) , Garrett Motion Inc. (GTX - Free Report) and Douglas Dynamics, Inc. (PLOW - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for GELHY’s 2026 sales and earnings implies year-over-year growth of 77.1% and 40.3%, respectively. The EPS estimate for 2026 and has improved 18 cents and 7 cents, respectively, over the past 30 days.

The Zacks Consensus Estimate for GTX’s 2026 sales and earnings implies year-over-year growth of 5.6% and 20.4%, respectively. The EPS estimate for 2026 has improved 14 cents over the past 60 days, while the EPS estimate for 2027 has improved 6 cents over the past 30 days.

The Zacks Consensus Estimate for PLOW’s 2026 sales and earnings implies year-over-year growth of 16.7% and 31.4%, respectively. The EPS estimate for 2026 and 2027 has improved 39 cents and 29 cents, respectively, over the past 60 days.

© Bill Pugliano / Getty Images

CEO Mary Barra dropped a number on General Motors (NYSE:GM | GM Price Prediction) Q1 2026 earnings call that should make every investor in the autonomous vehicle race pay attention. “Today, nearly 90% of the code written by our autonomy team is generated by AI,” the CEO said. She framed it as proof of “how seriously we’re embracing AI across the enterprise.” This is safety-critical software being machine-written at scale.

The 90% applies to GM’s autonomy team specifically, not all of GM’s code base. It powers the next-generation eyes-off, hands-off Super Cruise system targeted to launch on the Cadillac Escalade IQ in 2028. This is pre-launch code, not yet in customer cars. The validation regime is what investors should focus on.

GM’s answer to the “can you trust AI-written autonomy code” question is volume-based testing. Barra told analysts the company is stress testing in a digital environment capable of simulating roughly 100 years of human driving every single day. Supervised on-road testing is underway in California and Michigan.

The leading indicator is Super Cruise. Customers have logged 1 billion hands-free miles, and the product is on pace to exceed 850,000 subscribers by year-end, with renewal trends in the 30% to 40% range. CFO Paul Jacobson said attachment rates after the free trial sit near 40%, calling himself “very optimistic” about the conversion math.

The Financials Back the Bet GM has the cash flow to fund aggressive AI tooling investment. Q1 adjusted EPS came in at $3.70 versus the $2.6393 estimate, a 40% beat, the fourth consecutive quarter beating Wall Street EPS forecasts. EBIT-adjusted hit $4.25 billion, up 22% year over year, with margin expanding 2 percentage points to 10%. Management raised full-year adjusted EPS guidance to $11.50 to $13.50.

Digital services show the same strength. OnStar revenue topped $750 million in Q1, up more than 20% year over year, with calendar-year revenue expected to reach $3.1 billion and deferred revenue approaching $7.5 billion.

The Industry Context Cuts Both Ways Barra’s announcement comes as two U.S. senators are urging NHTSA to review Tesla’s self-published Full Self-Driving crash statistics and European regulators accuse Tesla of “misleading data” on FSD safety. Tesla’s robotaxi fleet in Texas sits at 69 vehicles versus Waymo’s 620. GM is positioning its AI-written, simulation-validated approach as the disciplined alternative, though a single high-profile failure of machine-generated safety code would carry significant reputational risk.

The market has rewarded the pitch. GM shares are up 66% over the past year and 9% in the past month, trading at $80.04 against an analyst target of $94.81 and a forward P/E of 7. The 2028 Escalade IQ launch is the verdict event. Until then, Barra’s question remains open: when 90% of safety-critical autonomy code is machine-written, what is the right confidence threshold?

General Motors (GM - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this an automotive manufacturer have returned +0.6% over the past month versus the Zacks S&P 500 composite's +2% change. The Zacks Automotive - Domestic industry, to which General Motors belongs, has gained 0.4% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

General Motors is expected to post earnings of $3.11 per share for the current quarter, representing a year-over-year change of +22.9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

The consensus earnings estimate of $12.85 for the current fiscal year indicates a year-over-year change of +21.2%. This estimate has remained unchanged over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $14.23 indicates a change of +10.7% from what General Motors is expected to report a year ago. Over the past month, the estimate has changed +0.2%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, General Motors is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of General Motors, the consensus sales estimate of $46.65 billion for the current quarter points to a year-over-year change of -1%. The $185.27 billion and $191.08 billion estimates for the current and next fiscal years indicate changes of +0.1% and +3.1%, respectively.

Last Reported Results and Surprise HistoryGeneral Motors reported revenues of $43.62 billion in the last reported quarter, representing a year-over-year change of -0.9%. EPS of $3.7 for the same period compares with $2.78 a year ago.

Compared to the Zacks Consensus Estimate of $43.94 billion, the reported revenues represent a surprise of -0.72%. The EPS surprise was +41.76%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

General Motors is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about General Motors. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

SAN DIEGO--(BUSINESS WIRE)--General Atomics (GA) announced today it has been awarded a $20 million California Competes Tax Credit from the state of California through the Governor’s Office of Business and Economic Development (GO-Biz). The award will support the company’s proposal to design and develop a Blanket Component Test Facility (BCTF) in San Diego.

“With growing support from federal, state and local leaders, I am more optimistic than ever about the future of fusion energy and the role California, San Diego and GA can play in helping move this industry forward."

Share The proposed state-of-the-art facility would be dedicated to testing full-scale fusion blanket components, an essential system that lines the inside of a fusion vessel, captures energy and produces tritium, a fuel needed to sustain fusion reactions. The work would address a major scientific and engineering challenge on the path to the world’s first commercial fusion power plant.

For GA and San Diego, the BCTF would serve as a focal point for scientists and engineers from the public and private sectors to validate blanket designs and develop other critical technologies. The project would also support a growing workforce and further strengthen the region’s role as a fusion innovation hub focused on helping the industry move toward commercialization.

“We are grateful for this award and energized by what it means for the future of fusion in San Diego,” said Anantha Krishnan, senior vice president of the General Atomics Energy Group. “This support will aid General Atomics’ continued investment in the research and capabilities needed to move fusion closer to realization, while strengthening our clean energy future. Facilities like the BCTF are where fusion research begins moving closer to real-world energy, and we are proud to help lead that work in California.”

The California Competes Tax Credit is a statewide income tax credit designed to help businesses grow in California and create quality, full-time jobs. Administered by GO-Biz and approved by the California Competes Tax Credit Committee, the program supports high-value employers that drive investment, strengthen the economy and provide good wages and benefits.

“Through the California Competes Tax Credit, we are doubling down on the ingenuity and innovation that will define the future. By further investing in the fusion sector, we are helping ensure California remains a global leader in both the industries of today and the transformative technologies of tomorrow,” said Dee Dee Myers, senior advisor to Gov. Newsom and director of GO-Biz.

General Atomics first announced earlier this month that it is currently pursuing concept designs for a BCTF in collaboration with the U.S. Department of Energy. The initiative is part of a public-private partnership that includes Idaho National Laboratory, UC San Diego and other key collaborators across industry and academia.

Fusion is the same process that powers the sun. Instead of splitting atoms, as traditional nuclear power does, fusion combines light atomic nuclei to release large amounts of clean energy without long-lived radioactive waste. Researchers believe fusion could provide virtually limitless, carbon-free electricity to help meet growing global energy demand.

General Atomics helped pioneer fusion research in the United States, establishing its program in 1957. Since then, the company has played a leading role in international fusion research, advancing plasma physics, high-field magnets and precision engineering.

GA also operates the DIII-D National Fusion Facility on behalf of DOE. Located in San Diego, DIII-D is the nation’s largest magnetic fusion user facility and testbed. The region is also home to the Fusion Data Science and Digital Engineering Center, major academic programs at UC San Diego and San Diego State University, and a growing network of private-sector and government collaborators.

California’s growing fusion ecosystem was strengthened last year by Senate Bill 80, which created the California Fusion Research and Development Innovation Initiative, the first state program of its kind focused on accelerating fusion technology development and commercialization. The state also expanded support for fusion technologies through SB 86, which extended the Sales and Use Tax Exclusion Program to fusion technologies. SB 925, currently pending in the California Legislature, would establish a state strategic plan and regulatory roadmap for fusion. Ongoing efforts by the city of San Diego and the San Diego Regional Economic Development Corporation also continue to highlight the region’s potential as a center for fusion innovation and advanced manufacturing.

“Fusion has always required bold science, sustained commitment and a shared belief in what is possible,” Krishnan said. “With growing support from federal, state and local leaders, I am more optimistic than ever about the future of fusion energy and the role California, San Diego and GA can play in helping move this industry forward. Together, we are closer than ever to turning decades of research into a new source of clean energy that could benefit generations to come.”

For more information about General Atomics’ energy research and technologies, visit https://www.ga.com/about/energy-group.

About General Atomics

Since the dawn of the atomic age, General Atomics innovations have advanced the state of the art across the full spectrum of science and technology from nuclear energy and defense to medicine and high-performance computing. Behind a talented global team of scientists, engineers, and professionals, GA’s unique experience and capabilities continue to deliver safe, sustainable, economical, and innovative solutions to meet growing global demands.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

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Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

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How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

#1 (Strong Buy) stocks have produced an unmatched +24% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

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To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: General Motors (GM - Free Report) One of the world’s largest automakers, General Motors held the largest share of the U.S. auto market at 16.5% in 2024. Headquartered in Detroit, the auto giant has had a long and checkered history. Founded in 1908, the company rose to dominate the U.S. industry. However, hit by the financial crisis, General Motors filed for bankruptcy on Jun 1, 2009. Just within 40 days, the firm emerged from bankruptcy. In 2010, the company launched its IPO – the biggest in U.S. history at that time – and has been steadily profitable since then. From going bankrupt in 2009 to becoming one of the world’s best-run car companies, General Motors has indeed come a long way.

GM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Additionally, the company could be a top pick for growth investors. GM has a Growth Style Score of B, forecasting year-over-year earnings growth of 21.2% for the current fiscal year.

10 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.42 to $12.85 per share. GM boasts an average earnings surprise of +20.3%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, GM should be on investors' short list.

The results, submitted for peer review and publicly available, demonstrate significant progress toward key 1 keV electron temperature milestone

Two energy leaders to support decarbonization and energy transition objectives in Italy

VANCOUVER, British Columbia, June 24, 2026 (GLOBE NEWSWIRE) -- General Fusion Inc. (“General Fusion” or the “Company”), a leader in the global race to commercialize fusion energy, and Renexia S.p.A. (“Renexia”), a Toto Group company specializing in renewable energy, today announced a framework agreement (the “Agreement”) to advance the commercial deployment of General Fusion’s fusion energy technology in Italy. General Fusion previously announced its plans to go public through a business combination (the transactions contemplated by the business combination, collectively, the “Proposed Business Combination”) with Spring Valley Acquisition Corp. III (NASDAQ: SVAC) (“SVAC”).

Through the Agreement, General Fusion and Renexia have established a milestone-based framework for collaboration on the commercial deployment of General Fusion’s technology in Italy through potential siting, development, funding, construction, and commissioning of one or more Magnetized Target Fusion (“MTF”) power plants. The collaboration is intended to support the country’s decarbonization and energy transition objectives. The Agreement defines multiple potential phases of collaboration, beginning with site evaluation and selection, and continuing through identification of commercial opportunities, offtake agreements, permitting and construction, with multiple milestone-based definitive agreements contemplated. Collaborative work related to site feasibility is expected to begin immediately, with further phase one work expected to begin in 2026 subject to agreement on related definitive terms.

“This agreement with Renexia represents another meaningful step toward exporting our practical fusion energy technology, developed in Canada, to the world,” said General Fusion CEO Greg Twinney. “As a clean energy leader in Italy and around the world, and an early member of our Market Development Advisory Committee, Renexia brings valuable insight into the energy sector and what it takes to bring innovative technologies to market. We are excited to continue working with their expert team to engage key stakeholders in Italy and build the capabilities needed to deploy commercial fusion energy.”

“Fusion has the potential to have a transformational impact on our future energy mix. We’re thrilled to expand on several years of collaboration with General Fusion with this new agreement to advance commercial fusion energy deployment,” said Renexia CEO Riccardo Toto. “As a member of General Fusion’s Market Development Advisory Committee, we’ve had the opportunity to see firsthand the progress the company has made in developing its Magnetized Target Fusion approach, and we look forward to furthering our collaboration to explore opportunities for siting, development, and construction of a fusion power plant in Italy. Energy demand is surging, and as Italy experiences high power costs, General Fusion’s Magnetized Target Fusion has the potential to provide economical clean power and is an important technology to pursue on its path to commercialization.”

General Fusion previously announced its plans to go public through a Proposed Business Combination with Spring Valley Acquisition Corp. III (“Spring Valley” or “SVAC”). At the closing of the Proposed Business Combination, Spring Valley will be renamed “General Fusion Group Ltd.,” and the combined company’s shares and warrants are expected to trade on Nasdaq under the ticker symbols “GFUZ” and “GFUZW,” respectively, subject to approval of its listing application. Spring Valley set a record date of June 12, 2026, and a meeting date of July 6, 2026, for its extraordinary general meeting of shareholders. If the Spring Valley shareholders and General Fusion securityholders approve the Proposed Business Combination, the transaction is expected to close shortly thereafter, subject to the satisfaction of customary closing conditions.

Quick Facts:

General Fusion’s Magnetized Target Fusion (“MTF”) is designed to solve significant barriers to commercializing fusion energy at a time when electricity demand is surging, and nations around the world are racing to commercialize fusion power.As a technology, MTF aims to achieve fusion in a practical way, avoiding superconducting magnets and high-powered lasers, while enabling the use of existing materials for durable machines that would produce cost-effective energy. In early 2025, General Fusion announced that it had designed, built, and begun operating its world-first Lawson Machine 26 (“LM26”) fusion demonstration machine in under two years. LM26 is the first MTF demonstration machine to be built at a commercially relevant scale. It mechanically compresses plasma with a lithium liner at 50% commercial-scale diameter, based on current design parameters.LM26 aims to achieve key fusion technical milestones: plasma heating to 1 keV (10 million degrees Celsius), then 10 keV (100 million degrees Celsius), and ultimately the Lawson criterion, the combination of fusion parameters that can produce net fusion energy in the plasma. General Fusion’s Market Development Advisory Committee membership spans North America, Europe, and Asia and guides the design and development of a practical MTF power plant that will meet users’ needs. For a complete list of committee member companies, please visit https://generalfusion.com/path-to-commercialization/partners-early-adopters-facilities/. About General Fusion
General Fusion is pursuing a fast and practical approach to commercial fusion energy and is headquartered in Vancouver, Canada. The Company was established in 2002 and has been funded by a global syndicate of leading energy venture capital firms, industry leaders, and technology pioneers. Learn more at www.generalfusion.com.

About Spring Valley Acquisition Corp. III
Spring Valley is a part of a family of investment vehicles formed for the purpose of acquiring or merging with a business focused on the Power Infrastructure and Decarbonization sectors. Over the past five years, Spring Valley vehicles have raised $920 million in four IPOs. Spring Valley completed a business combination with NuScale Power Corporation, a leading U.S. small modular reactor technology company, and Spring Valley II completed a business combination with Eagle Nuclear Energy Corp., a next-generation nuclear energy company with rights to the largest open pit-constrained measured and indicated uranium deposit in the United States. SVAC maintains a corporate website at https://sv-ac.com.

About Renexia
Renexia is the Toto Group company specializing in the development and operation of energy infrastructure, with a strong focus on renewable energy projects. Building on the experience gained through its subsidiary US Wind on the East Coast of the United States, the Group in Italy has introduced a first-mover approach based on rigorous environmental compatibility assessments and the active involvement of local communities, ensuring full respect for the environment and the adoption of best-in-class technological solutions.

In addition to its leadership in renewable energy, Renexia is progressively expanding its activities across the wider energy value chain, including new initiatives in strategic infrastructure, such as liquefied natural gas (LNG), with the aim of supporting energy security, system flexibility, and the transition toward a more sustainable and diversified energy mix.

Cautionary Note Regarding Forward-Looking Statements
Certain statements included in this document are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this document are forward-looking statements.

Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,” “may,” “target,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” “preliminary,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, statements regarding (i) the potential benefits of the Agreement potentially supporting Italy’s decarbonization and energy transition objectives and a means of exporting General Fusion’s technology; (ii) the settlement and execution of definitive agreements for future stages of the work program contemplated under the Agreement; (iii) the intended roles and contributions of Renexia and General Fusion under the Agreement; (iv) the possible siting, development, funding, construction, and commissioning of one or more MTF power plants including the evaluation, selection, and potential use of a site for an MTF power plant; (v) the closing of the Proposed Business Combination; (vi) SVAC’s, General Fusion’s, or their respective management teams’ expectations concerning General Fusion’s plan to go public through the Proposed Business Combination and expected benefits or timing thereof; and (vii) the outlook for General Fusion’s business, including its ability to commercialize MTF or any other fusion technology on its expected timeline or at all; and (viii) statements regarding the current and expected results of General Fusion’s LM26 program; as well as any information concerning possible or assumed future results of operations of General Fusion.

The forward-looking statements are based on the current expectations of the respective management teams of SVAC and General Fusion, as applicable, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties, or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the risk that the parties are unable to agree on the terms of a definitive agreement for the identification and evaluation of a potential site; the parties are unable to complete the due diligence and the acquisition or leasing of any proposed site; the risk that the parties are thereafter unable to agree on the scope, timing, budgets and other terms for the development, permitting, funding, construction, and commissioning of an MTF power plant in Italy; the parties are unable to negotiate and enter into definitive agreements with any third parties in connection with the funding, permitting, construction, commissioning, and operation of an MTF power plant in Italy; the parties are unable to secure required capital, permits, approvals, equipment, and services for an MTF power plant in Italy; the risk that the demand and interest and regulatory environment for fusion energy in Italy in a manner adverse to the objectives of the Agreement, the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of SVAC’s securities; the risk that the conditions to the consummation of the Proposed Business Combination, including the adoption of the business combination agreement, dated January 21, 2026, among General Fusion, SVAC, and the other party thereto (as amended the “Business Combination Agreement”) by the shareholders of SVAC and General Fusion and the receipt of regulatory approvals are not satisfied or waived; the risk that there occurs any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement; the risk that the announcement or pendency of the Proposed Business Combination has a negative effect on General Fusion’s business relationships, performance, and business generally; the risk that the Proposed Business Combination disrupts current plans of General Fusion and potential difficulties in its employee retention as a result of the Proposed Business Combination; the risk of legal proceedings against General Fusion or SVAC related to the Proposed Business Combination; the risk that the anticipated benefits of the Proposed Business Combination are not realized; the risk that the combined entity is unable to maintain the listing of SVAC’s securities or to meet listing requirements and maintain the listing of the combined company’s securities on Nasdaq; the risk that the Proposed Business Combination may not be completed by SVAC’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SVAC; the risk that the price of the combined entity’s securities may be volatile due to a variety of factors, including changes in laws, regulations, technologies, natural disasters, national security tensions, and macro-economic and social environments affecting its business; the risk of changes in the laws and regulations governing General Fusion’s research and development activities; the risk that General Fusion fails to commercialize MTF on the expected timeline or at all, including any failure to achieve the objectives of the LM26 program; the risk of the effects of climate change, extreme weather events, water scarcity, and seismic events, and that strategies to deal with these issues are not effective; the risk of fluctuations in currency markets; the risk that General Fusion is unable to complete and successfully integrate any future acquisitions; the risk of increased competition in the fusion industry; the risk of supply chain disruptions and that materials are in limited supply; and the risk that the proposed private placement of convertible preferred shares and warrants by General Fusion (the “PIPE Financing”) may not be completed, or that other capital needed by the combined company may not be raised on favorable terms, or at all, including as a result of the restrictions agreed to in connection with the PIPE Financing.

The foregoing list is not exhaustive, and there may be additional risks that neither SVAC nor General Fusion presently know or that SVAC and General Fusion currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this document and in the other filings and potential filings by General Fusion, SVAC or the combined entity resulting from the proposed transaction with the U.S. Securities and Exchange Commission (the “SEC”) including under the heading “Risk Factors.”

General Fusion and SVAC caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this document speak only as of the date of this document. Neither General Fusion nor SVAC undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, except as required by applicable securities laws. In the event that any forward-looking statement is updated, no inference should be made that General Fusion or SVAC will make additional updates with respect to that statement, related matters, or any other forward-looking statements.

Important Information for Investors and Shareholders
In connection with the Proposed Business Combination, General Fusion and SVAC jointly filed with the SEC a registration statement on Form F-4 (the “Registration Statement”), which includes a preliminary prospectus with respect to SVAC’s securities to be issued in connection with the Proposed Business Combination and a preliminary proxy statement in connection with SVAC’s solicitation of proxies for the vote by SVAC’s shareholders with respect to the Proposed Business Combination and other matters described in the Registration Statement. On June 12, 2026, the SEC declared the Registration Statement effective and SVAC filed the definitive Proxy Statement (the “Proxy Statement”) with the SEC. SVAC mailed copies of the Proxy Statement to SVAC’s shareholders as of the record date of June 12, 2026. Before making any investment or voting decision, investors and security holders of SVAC and General Fusion are urged to read the Registration Statement and the Proxy Statement, and any amendments or supplements thereto, as well as all other relevant materials filed or that will be filed with the SEC in connection with the Proposed Business Combination as they become available because they will contain important information about General Fusion, SVAC and the Proposed Business Combination. Investors and security holders are able to obtain free copies of the Registration Statement, the Proxy Statement and all other relevant documents filed or that will be filed with the SEC by SVAC through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by SVAC may be obtained free of charge from SVAC’s website at https://sv-ac.com or by directing a request to Spring Valley Acquisition Corp. III, Attn: Corporate Secretary, 2100 McKinney Avenue, Suite 1675, Dallas, Texas 75201. The information contained on, or that may be accessed through, the websites referenced in this document is not incorporated by reference into, and is not a part of, this document.

Participants in the Solicitation
General Fusion, SVAC and their respective directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitations of proxies from SVAC’s shareholders in connection with the Proposed Business Combination. For more information about the names, affiliations and interests of SVAC’s directors and executive officers, please refer to the Final Prospectus and the Registration Statement, Proxy Statement and other relevant materials filed or to be filed with the SEC in connection with the Proposed Business Combination when they become available. Shareholders, potential investors and other interested persons should read the Registration Statement and the Proxy Statement carefully, when they become available, before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation
This document shall not constitute a “solicitation” as defined in Section 14 of the Securities Exchange Act of 1934, as amended. This document shall not constitute an offer to sell or exchange, the solicitation of an offer to buy or a recommendation to purchase, any securities, or a solicitation of any vote, consent or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. No offering of securities in the Proposed Business Combination shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

Investor Relations Contact:
You can contact General Fusion’s Investor Relations team by email at: [email protected].

If you are based in North America, you may also leave a toll-free voicemail at +1 (833) 717-1519. Callers outside North America can reach us at +1 (236) 253-6968.

General Fusion Media Relations Contact:
[email protected]
1-866-904-0995

Renexia Media Relations Contact:
Gianluca Colace
[email protected]

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Company details efforts across its Mission: Electrify the Planet to Thrive and Decarbonize.

Highlights include:

2025 step change advancements across a range of breakthrough technologies, including small modular reactors, carbon capture and storage, direct air capture, and hydrogen and ammonia as fuels. Bringing 26 gigawatts (GW) of new generating capacity online in 2025, with a carbon intensity ~31% below the global average carbon intensity of the existing grid. Of that new capacity added, 47% was deployed in developing and emerging economies. 64% reduction in Scope 1 and 2 operational emissions since 2019. Our overall product coverage under the 4R circularity framework reached 53%, an increase from 38% in 2024. GE Vernova’s newly launched Electrification Impact Tracker released alongside report illustrates the company’s global impact electrifying the planet and supporting people and communities so everyone can thrive. CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE Vernova today released its 2025 Sustainability Report, demonstrating continued progress toward its mission to electrify the world to thrive and decarbonize, with an emphasis on moving bold and innovative breakthrough technologies from concepts to reality.

The company’s annual sustainability reporting highlights milestones for bringing new global power generation online the world needs to expand energy access, including in developing and emerging economies, while doing so at a lower carbon intensity than the global grid average. The annual summary also noted additional investments around the world in workforce training for the energy sector’s next generation of leaders and continued reductions to the company’s Scope 1 and 2 emissions.

“At its core, our work is not only about electrons and emissions,” said Scott Strazik, GE Vernova CEO. “Energy is about people, and we’re working to electrify the planet in a way that enables individuals, communities, and economies to thrive, every day.”

“The story of GE Vernova is one of an unrelenting focus on delivering the technologies the world needs not just today, but importantly for the decades ahead,” said Roger Martella, Chief Corporate Officer and Chief Sustainability Officer. “I have never been more optimistic about our ability to help meet not only the needs of today, but of the generations that follow.”

The new Sustainability Report showcases the company's comprehensive sustainability strategy based on a refreshed sustainability framework which is underpinned by 5 Charges, the bold ambitions driving how the company delivers impact to achieve its sustainability goals. Progress on these goals is driven by the four strategic pillars of the sustainability framework: Electrify, Decarbonize, Conserve, and Thrive.

2025 Progress includes:

ELECTRIFY: Catalyze access to more secure, sustainable, reliable, and affordable electricity, and help drive global economic development

In 2025, GE Vernova brought 26 GW of new generating capacity online, the approximate equivalent of the installed generating capacity of the U.S. state of Louisiana, with 47% deployed in developing and emerging economies. Across grid infrastructure, 68 GW of new power transformers were energized, equivalent to the approximate installed generating capacity of Egypt, with 33% in developing and emerging economies. Approximately 10,700 students and learners have been reached through the GE Vernova Foundation’s workforce development programs since the beginning of 2024, with an overall goal to reach 30,000 learners by 2030. DECARBONIZE: Invent, deploy, and service the technology to help decarbonize our world

New power generating capacity of our equipment brought online is ~31% below the global average carbon intensity of the existing grid, demonstrating that electrification with our equipment has an impact on reducing the carbon intensity of the grid. 22 million metric tons of CO₂ avoided last year by deploying technologies with lower carbon emissions than the current standard for the relevant grid. This is the equivalent to 5.1 million gasoline-powered passenger vehicles driven in one year. This is a relevant data point for how we deploy technologies with favorable emissions profiles as compared to what may otherwise be deployed. We document 2025 step change progress on our breakthrough technologies, including small modular nuclear reactors, carbon capture and storage, direct air capture, and ammonia and hydrogen as fuels. Breakthrough technologies moving from concept to reality:
As part of the company’s focus on innovating for the future, the 2025 Sustainability Report highlights step change progress on breakthrough technologies:

Small Modular Reactors (SMRs): In April 2025, GE Vernova Hitachi received the first license issued to construct an SMR in Canada. Construction on the GE Vernova Hitachi (GVH) BWRX-300 at Ontario Power Generation’s (OPG) Darlington site in Clarington, Ontario started in May 2025. The project will deliver the first operating commercial SMR in the Western world. Carbon Capture & Storage (CCS): Construction began on the Net Zero Teesside (NZT) Power station in the United Kingdom in 2025 – once completed, it is expected to be the world's first commercial-scale gas power plant equipped with carbon capture and storage. The facility is expected to generate over 740 MW of lower-carbon power. Direct Air Capture (DAC): The company’s 10-ton-per-year DAC pilot system at its Advanced Research Center in Niskayuna, New York is now operational, capturing CO₂ directly from ambient air across a wide range of operating conditions. Our DAC system will soon be deployed at Deep Sky Alpha in Alberta, Canada, becoming the world’s first cross-technology CO₂ removal hub. Ammonia and Hydrogen Fuel Capabilities: GE Vernova and IHI completed a new Large-scale Combustion Test (LCT) facility engineered to test advanced ammonia combustion systems at GE Vernova’s F-class gas turbine operating conditions. Also, GE Vernova successfully completed the validation test campaign of a hydrogen Dry Low Nox (DLN) combustor for B- and E-class gas turbines, demonstrating robust operations on natural gas and hydrogen blends and on 100% hydrogen with dry emissions below 25 ppm NOx. CONSERVE: Innovate more, while using less, safeguarding natural resources

In 2025, GE Vernova reduced its Scope 1 and 2 (market based) greenhouse gas emissions footprint by 27% year-over-year across our operations, with a 64% reduction since 2019. GE Vernova’s Circularity Brochure details the company’s Circularity efforts, highlights include: 53% of GE Vernova's top products are now covered by its 4R circularity framework (Rethink, Reduce, Reuse, Recycle), with 76% of products covered by Life Cycle Assessments or Environmental Product Declarations. THRIVE: Advance safe, responsible, and fair working conditions in our operations and across our value chain

GE Vernova’s 2025 Human Rights Statement provides detailed information on the company’s efforts to enhance due diligence processes, risk assessments, and other actions taken in 2025 across the human rights program. GE Vernova’s new Code of Conduct marks a significant milestone for the evolution of the ethics and compliance program, shifting from a rules-based framework to a values-based foundation. The GE Vernova Foundation helped support thriving people and communities by distributing $12.8 million in total GE Vernova family giving, and $800,000 in disaster relief and recovery aid to communities affected by global disasters in 2025. The company achieved recognition for its inclusion efforts, earning "Best Company: Culture" and "Best Company: Work-Life Balance" honors from Comparably. Empowering AI For Customers, Company and Communities
As AI transforms how the world works, GE Vernova is using the power of automation and Artificial Intelligence to transform energy into solutions. The company is working to drive greater efficiency, higher quality, and innovation that can improve outcomes for our customers, company, and communities.

The report details how GE Vernova is scaling AI infrastructure for customers, pursuing AI as a key area of growth and innovation within the company, and establishing key partnerships with organizations in our communities to explore and evaluate potential solutions that aim to use AI for sustainability-related use cases.

Electrification Impact Tracker
Released alongside the 2025 Sustainability Report today is GE Vernova’s newly launched Electrification Impact Tracker, available on GE Vernova’s sustainability website. By visualizing the gigawatts of new power generating capacity added and technologies deployed to power homes in various regions, the Impact Tracker illustrates our company's global impact electrifying the planet and supporting people and communities so everyone can thrive.

A New Way of Solving Energy Access
In April 2025, GE Vernova hosted the first-of-its kind Mendoza Collective Action Summit. Over three days in Mendoza, Argentina, 15 global leaders from across the public, private, and academic sectors came together to confront a shared challenge: how to accelerate access to affordable, reliable, and sustainable energy for all.

What emerged was a shared sense of urgency that we need new ways of working together, which led to the development of a set of shared foundational values to guide this work, known as the Mendoza Principles. The report outlines the principles and actions that the energy industry must take to meet rapidly growing energy demand while delivering sustainable development for the benefit of our communities. Read the Mendoza Report here.

“2025 marks the transformative moment where GE Vernova’s story became squarely focused on serving the future. The world’s growing needs are changing, and we need to change to be ahead of it,” Martella said.

GE Vernova is a signatory of, and participant in, the UN Global Compact (UNGC). The United Nations Sustainable Development Goals (UN SDGs) provide 17 objectives to help address the most pressing global challenges. Our sustainability efforts align with ten of the 17 SDGs.

The full 2025 Sustainability Report is available at https://www.gevernova.com/sustainability/reports-data.

More News From GE Vernova

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Key Takeaways GE Aerospace repurchased $2.2 billion in shares and paid $381 million in dividends in Q1 2026.GE raised its dividend 30.6% and expects $8.0-$8.4 billion in free cash flow for 2026.GE's $11 billion cash position supports its shareholder-friendly policies and capital returns. GE Aerospace (GE - Free Report) is a leading designer, developer and producer of jet engines, components and integrated systems for military, commercial and business aircraft. Its products and services range from jet engines like LEAP, GE9X & GEnx, airframes, engine gear, and transmission components and services, among others.

The company’s commitment to reward its shareholders through dividends and share buybacks is encouraging. In first-quarter 2026, it bought back shares for $2.2 billion and paid dividends of $381 million, up 26.2% year over year, to its shareholders. In addition, in 2025, it rewarded its shareholders with a dividend payment of $1.45 billion and repurchased shares for $7.6 billion.  After the first quarter of 2026, share repurchases are made under a new $20 billion authorization approved in December 2025.

GE Aerospace raised its dividend by 30.6% to 36 cents per share in February 2026. It expects to generate a free cash flow of $8.0-$8.4 billion in 2026. Also, the company earlier announced its plan to boost total shareholder returns by 20% to approximately $24 billion from 2024 to 2026, through a mix of dividends and share repurchases.

The company’s strong liquidity also supports its shareholder-friendly policies. Exiting the first quarter, GE’s cash, cash equivalents and restricted cash were $11 billion, much higher than the short-term borrowings of $2.1 billion. This implies that the company has sufficient cash to meet its short-term debt obligations.

Do GE’s Peers Focus on Returning Capital to Shareholders?Honeywell International Inc. (HON - Free Report) paid out dividends worth $781 million and repurchased shares worth $1 billion in first-quarter 2026. In September 2025, Honeywell hiked its quarterly dividend by approximately 5% to $1.19 per share (annually: $4.76). This marks Honeywell’s 16th consecutive dividend hike since 2010.

Howmet Aerospace (HWM - Free Report) remains focused on rewarding its shareholders handsomely through dividends and share buyback programs. In the first three months of 2026, Howmet paid dividends of $48 million and repurchased shares worth $300 million. In August 2025, Howmet hiked its dividend by 20% to 12 cents per share (annually: 48 cents), marking its second dividend hike in 2025.

GE's Price Performance, Valuation and EstimatesShares of GE Aerospace have gained 12.1% in the past six months against the industry’s decline of 8%.

Image Source: Zacks Investment Research

From a valuation standpoint, GE is trading at a forward price-to-earnings ratio of 44.14X, above the industry’s average of 33.01X. GE Aerospace carries a Value Score of D.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for GE’s earnings has increased for both 2026 and 2027 over the past 60 days.

Image Source: Zacks Investment Research

The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

NEW YORK, June 17, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, Nasdaq: VZ) today announced the expiration and final results, as of 5:00 p.m. (New York City time) on June 16, 2026 (the “Expiration Date”), which was also the Any and All Notes Extended Early Participation Date (as defined in Verizon’s press releases relating to the Tender Offers and Consent Solicitations dated June 2, 2026 (collectively, the “June 2026 Press Release”) of its previously announced 11 separate offers, on behalf of certain of its wholly-owned subsidiaries, to purchase for cash any and all of the debt securities listed in Table 1 below (the “Any and All Notes” and such offers, the “Any and All Tender Offers”) as well as solicit consents (the “Consent Solicitations”) to the proposed amendments to the indentures governing the Any and All Notes issued by such subsidiaries (with respect to each series of Any and All Notes, the “Proposed Amendments”) in order to, among other things, eliminate certain of the restrictive covenants and other provisions contained therein on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated May 11, 2026 (the “Offer to Purchase and Consent Solicitation Statement” and, together with the accompanying letter of transmittal, the “Offer Documents”), as amended by the June 2026 Press Release.

As previously announced, Verizon accepted for purchase all of the Waterfall Notes (as defined in the June 2026 Press Release) (together with the Any and All Notes, the “Notes”) validly tendered at or prior to the Waterfall Notes Early Participation Date (as defined in the June 2026 Press Release) in connection with its 9 separate Waterfall Tender Offers (as defined in the June 2026 Press Release) (together with the Any and All Tender Offers, the “Tender Offers”) on behalf of itself and certain of its wholly-owned subsidiaries in accordance with the Acceptance Priority Procedures (as defined in the June 2026 Press Release) described in the Offer to Purchase and Consent Solicitation Statement, as amended. Because the aggregate purchase price to be paid for the Waterfall Notes validly tendered at or prior to the Waterfall Notes Early Participation Date was equal to the increased Waterfall Cap, no additional Waterfall Notes tendered after the Waterfall Notes Early Participation Date were accepted for purchase.

Verizon today also announced the final results of its separate, previously announced exchange offers and consent solicitations (such consent solicitations, the “Separate Consent Solicitations”), on behalf of certain of its wholly-owned subsidiaries, to exchange the Any and All Notes for new notes issued by Verizon, on the terms and subject to the conditions set forth in the Exchange Offer and Consent Solicitation Statement dated May 11, 2026 (the “Exchange Offer and Consent Solicitation Statement”), as amended by Verizon’s press release relating to the exchange offers and Separate Consent Solicitations dated June 2, 2026. Consents delivered for a series of Any and All Notes in connection with the Tender Offers were cumulated with the consents delivered for such series of Any and All Notes in connection with the Separate Consent Solicitations. The exchange offers are separate and distinct from the Tender Offers, and neither the Tender Offers nor the separate exchange offers are conditioned upon the consummation of such other offers.

As of the Expiration Date, all conditions to the Tender Offers and Consent Solicitations were deemed satisfied or waived by Verizon. The requisite consents to effect the applicable Proposed Amendments were received in connection with the Consent Solicitations and Separate Consent Solicitations with respect to the 6.860% Debentures due 2028, 6.730% Debentures, Series G due 2028, 8.375% Debentures due 2029, 7.875% Debentures due 2029, 8.625% Debentures due 2031 and 7.875% Senior Notes due 2032. The aggregate principal amount of the Notes accepted by Verizon (not including accrued and unpaid interest on such Notes) in connection with the Tender Offers and Consent Solicitations is $1,857,563,000.

Verizon has accepted all Notes (and, with respect to the Any and All Notes, the related consents) validly tendered and not validly withdrawn at or prior to the Expiration Date. The tables below set forth, among other things, the principal amount of each series of Notes that has been accepted for purchase:

Table 1Any and All of the Outstanding Any and All Notes and related Consent Solicitations Listed Below: CUSIP
Number Issuer(1) Title of Security Maturity Date Principal
Amount
Outstanding Principal
Amount
Outstanding
Accepted Percentage of
Principal
Amount
Outstanding362333AH9 Frontier Florida LLC 6.860% Debentures due 2028 2/1/2028 $282,289,000 $234,260,000 82.99%362337AK3 Frontier North Inc. 6.730% Debentures, Series G due 2028 2/15/2028 $200,000,000 $157,217,000 78.61%020039AJ2 Alltel Corporation 6.800% Debentures due 2029 5/1/2029 $38,098,000 $634,000 1.66%165087AL1 Verizon Virginia LLC 8.375% Debentures due 2029 10/1/2029 $8,993,000 $2,756,000 30.65%165069AP0 Verizon Maryland LLC 8.000% Debentures due 2029* 10/15/2029 $19,981,000 $1,498,000 7.50%645767AW4 Verizon New Jersey Inc. 7.850% Debentures due 2029 11/15/2029 $44,704,000 $4,739,000 10.60%644239AY1 Verizon New England Inc. 7.875% Debentures due 2029* 11/15/2029 $133,077,000 $20,467,000 15.38%165069AQ8 Verizon Maryland LLC 8.300% Debentures due 2031 8/1/2031 $21,111,000 $305,000 1.44%252759AM7 Verizon Delaware LLC 8.625% Debentures due 2031 10/15/2031 $2,381,000 - 0.00%020039DC4 Alltel Corporation 7.875% Senior Notes due 2032 7/1/2032 $55,847,000 $4,349,000 7.79%92344WAB7 Verizon Maryland LLC 5.125% Debentures due 2033 6/15/2033 $139,085,000 $20,369,000 14.65% Table 2Outstanding Waterfall Notes in the Waterfall Tender Offers Listed Below: Acceptance
Priority
Level CUSIP
Number Issuer(1) Title of Security Maturity Date Principal
Amount
Outstanding Principal
Amount
Outstanding Accepted  Percentage of
Principal
Amount
Outstanding  1 362311AG7 Frontier California Inc. 6.750% Debentures due 2027 5/15/2027 $200,000,000 $109,112,000 54.56% 2 650094CJ2 Verizon New York Inc. 6.500% Debentures due 2028 4/15/2028 $34,773,000 $1,899,000 5.46% 3 07786DAA4 Verizon Pennsylvania LLC 6.000% Debentures due 2028 12/1/2028 $44,079,000 $9,237,000 20.96% 4 165123AM2 Frontier West Virginia Inc. 8.400% Debentures due 2029* 10/15/2029 $50,000,000 $48,516,000 97.03% 5 078167AZ6 Verizon Pennsylvania LLC 8.350% Debentures due 2030 12/15/2030 $31,140,000 $8,642,000 27.75% 6 078167BA0 Verizon Pennsylvania LLC 8.750% Debentures due 2031 8/15/2031 $34,923,000 $24,279,000 69.52% 7 92344XAB5 Verizon New York Inc. 7.375% Debentures due 2032 4/1/2032 $99,437,000 $17,551,000 17.65% 8 362320BA0 Verizon Communications Inc. 6.940% Notes due 2028 4/15/2028 $249,838,000 $48,752,000 19.51% 9 92343VGH1 Verizon Communications Inc. 2.100% Notes due 2028 3/22/2028 $2,068,135,000 $1,142,981,000 55.27% _______________________
(1)   See Annex A of the Offer to Purchase and Consent Solicitation Statement for a list of original issuer names, as applicable.
*      Denotes a series of Notes, a portion of which is held in physical certificated form (such portion, the “Certificated Notes”) and is not held through The Depository Trust Company (“DTC”). Such Certificated Notes may only be tendered in accordance with the terms and conditions of the accompanying Letter of Transmittal. With respect to the Certificated Notes, all references to the Offer to Purchase and Consent Solicitation Statement herein shall also include the Letter of Transmittal.

On June 22, 2026 (the “Settlement Date”), holders whose Notes have been accepted for purchase will receive the applicable Total Consideration, which is based on the previously announced pricing terms for the Tender Offers and includes the Early Participation Payment (each as defined in the Offer to Purchase and Consent Solicitation Statement, as amended), in cash. Such holders will also receive an additional cash payment equal to accrued and unpaid interest on such Notes to, but not including, the Settlement Date.

Verizon retained Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC to act as lead dealer managers and lead solicitation agents for the Tender Offers and Consent Solicitations and BNY Mellon Capital Markets, LLC, CIBC World Markets Corp., Intesa Sanpaolo IMI Securities Corp. and NatWest Markets Securities Inc. as co-dealer managers and co-solicitation agents for the Tender Offers and Consent Solicitations.

Global Bondholder Services Corporation has acted as the Tender Agent and the Information Agent for the Tender Offers and Consent Solicitations. Questions or requests for assistance related to the Tender Offers and Consent Solicitations or for additional copies of the Offer Documents may be directed to Global Bondholder Services Corporation at (855) 654-2015 (toll-free) or (212) 430-3774 (collect). You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Tender Offers and Consent Solicitations.

Holders are advised to check with any bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in, the Tender Offers and Consent Solicitations before the deadlines specified herein and in the Offer Documents. The deadlines set by any such intermediary and DTC for the submission and withdrawal of tender instructions may be earlier than the relevant deadlines specified herein and in the Offer Documents.

This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase any Notes. The Tender Offers and Consent Solicitations have been made solely pursuant to the Offer Documents and related documents. The Tender Offers and Consent Solicitations are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers and Consent Solicitations to be made by a licensed broker or dealer, the Tender Offers and Consent Solicitations will be deemed to be made on behalf of Verizon by the dealer managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

This communication and any other documents or materials relating to the Tender Offers and Consent Solicitations have not been approved by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000, as amended (the “FSMA”). Accordingly, this announcement is not being distributed to, and must not be passed on to, persons within the United Kingdom save in circumstances where section 21(1) of the FSMA does not apply. Accordingly, this communication is only addressed to and directed at (i) persons who are outside the United Kingdom, or (ii) persons falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”)), or (iii) within Article 43 of the Financial Promotion Order, or (iv) high net worth companies and other persons to whom it may lawfully be communicated falling within Article 49(2)(a) to (d) of the Financial Promotion Order (such persons together being “relevant persons”). Any person who is not a relevant person should not act or rely on any document or material relating to the Tender Offers and Consent Solicitations or any of their contents.

This communication and any other documents or materials relating to the Tender Offers and Consent Solicitations are only addressed to and directed at persons in member states of the European Economic Area (the “EEA”), who are “Qualified Investors” within the meaning of Article 2(1)(e) of Regulation (EU) 2017/1129. The Tender Offers and Consent Solicitations are only available to Qualified Investors. None of the information in any document or material relating to the Tender Offers and Consent Solicitations should be acted upon or relied upon in any member state of the EEA by persons who are not Qualified Investors.

Cautionary Statement Regarding Forward-Looking Statements

In this communication Verizon has made forward-looking statements, including regarding the conduct and completion of the Tender Offers and Consent Solicitations. These forward-looking statements are not historical facts, but only predictions and generally can be identified by use of statements that include phrases such as “will,” “may,” “should,” “continue,” “anticipate,” “assume,” “believe,” “expect,” “plan,” “appear,” “project,” “estimate,” “hope,” “intend,” “target,” “forecast,” or other words or phrases of similar import. Similarly, statements that describe our objectives, plans or goals also are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated, including those discussed in the Offer to Purchase and Consent Solicitation Statement under the heading “Risk Factors” and under similar headings in other documents that are incorporated by reference in the Offer to Purchase and Consent Solicitation Statement. Holders are urged to consider these risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this press release, and Verizon undertakes no obligation to update publicly these forward-looking statements to reflect new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events might or might not occur. Verizon cannot assure you that projected results or events will be achieved.

This announcement was originally published by Verizon. Read the original press release.

Media contact:
Katie Magnotta
201-602-9235
[email protected]