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Southfield, MI, May 21, 2026 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company" or "Sun"), a real estate investment trust ("REIT") that owns and operates or has an interest in manufactured housing ("MH") and recreational vehicle ("RV") communities, today announced that it has entered into a definitive agreement to sell its UK assets, including the Park Holidays business ("Park Holidays") to funds affiliated with Aermont Capital ("Aermont") in an all-cash transaction with an enterprise value of £768 million (or approximately $1.

DETROIT, May 23, 2026 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the Eastern District of Michigan has approved the following announcement of a proposed class action settlement that would benefit purchasers of Sun Communities, Inc. publicly-traded common stock (NYSE: SUI):

UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF MICHIGAN

MICHELLE NELSON, Individually and on Behalf of All Others Similarly Situated,    Plaintiff,

v.

SUN COMMUNITIES, INC., GARY A. SCHIFFMAN, JOHN BANDINI MCLAREN, KAREN J. DEARING, and FERNANDO CASTRO-CARATINI,

    Defendants.

 
CASE NO. 2:24-cv-13314-LVP-EASCLASS ACTION
SUMMARY NOTICE OF PENDENCY AND
PROPOSED CLASS ACTION SETTLEMENT

TO: ALL PERSONS WHO PURCHASED THE PUBLICLY-TRADED COMMON STOCK OF SUN COMMUNITIES, INC. (“SUN”) BETWEEN FEBRUARY 28, 2019 AND SEPTEMBER 24, 2024, BOTH DATES INCLUSIVE (“SETTLEMENT CLASS”).

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Eastern District of Michigan, that a hearing (the “Settlement Hearing”) will be held on July 29, 2026 at 10:30 a.m. before the Honorable Linda V. Parker, United States District Court for the Eastern District of Michigan, 231 W. Lafayette Blvd., Room 206, Detroit, MI 48226, for the purpose of determining whether: (1) the proposed Settlement of the claims in the above-captioned action (the “Action”) for consideration including the sum of $2,300,000.00 should be approved by the Court as fair, reasonable, and adequate; (2) the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate; (3) the application of Lead Counsel for an award of attorneys’ fees of up to one-third plus interest of the Settlement Amount, reimbursement of expenses of not more than $55,000, and awards of up to $3,500 to Lead Plaintiff and $2,500 to Plaintiff Nelson should be approved; (4) for purposes of the proposed Settlement only, the Action should be certified as a class action on behalf of the Settlement Class; and (5) whether this Action should be dismissed with prejudice as set forth in the Stipulation of Settlement, dated April 3, 2026 (the “Stipulation”). The Court reserves the right to hold the Settlement Hearing telephonically or by other virtual means.

If you purchased the publicly-traded common stock of Sun during the period between February 28, 2019 and September 24, 2024, both dates inclusive, your rights may be affected by this Settlement, including the release and extinguishment of claims you may possess relating to your ownership interest in publicly-traded Sun common stock. If you need assistance obtaining a Notice of Pendency and Proposed Settlement of Class Action (“Long Notice”) and a copy of the Proof of Claim and Release Form (“Claim Form”), you may write to, call, or contact the Claims Administrator: Sun Communities, Inc. Securities Litigation, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson St., Ste. 205, Media, PA 19063; (Toll-Free) (866) 274-4004; (Fax) (610) 565-7985; [email protected]. You can also download copies of the Long Notice and submit your Claim Form online at www.strategicclaims.net/SunCommunities/. If you are a member of the Settlement Class, to share in the distribution of the Net Settlement Fund, you must submit a Claim Form electronically or postmarked no later than July 1, 2026 to the Claims Administrator, establishing that you are entitled to share in the recovery. Unless you submit a written exclusion request, you will be bound by any judgment rendered in the Action, whether or not you make a claim.

If you desire to be excluded from the Settlement Class, you must submit to the Claims Administrator a request for exclusion so that it is received no later than July 1, 2026, in the manner and form explained in the Long Notice. All members of the Settlement Class who have not requested exclusion from the Settlement Class will be bound by any judgment entered in the Action pursuant to the Stipulation.

Any objection to the Settlement, Plan of Allocation, or Lead Counsel’s request for an award of attorneys’ fees and reimbursement of expenses and award to Plaintiffs must be in the manner and form explained in the Long Notice and received no later than July 1, 2026, by each of the following:

Clerk's OfficeUnited States District Court
Eastern District of Michigan
231 W. Lafayette Blvd
Room 599
Detroit, MI 48226

Lead Counsel Jonathan R. Horne
The Rosen Law Firm, P.A.
275 Madison Ave
40th Floor
New York, NY 10016

Counsel for Defendants Jonathan K. Youngwood
Janet A. Gochman
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, NY 10017

If you have any questions about the Settlement, you may call or write to Lead Counsel:

Jonathan R. Horne
THE ROSEN LAW FIRM, P.A.
275 Madison Ave, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
[email protected]

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.

DATED: April 17, 2026BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE EASTERN
DISTRICT OF MICHIGAN

The Rosen Law Firm, P.A. Continues to Remind Investors of the Proposed Class Action Settlement on Behalf of Purchasers of Sun Communities, Inc.

The Senate Banking Committee approved the Clarity Act in a bipartisan vote. But some issues are still up for debate.

Revenue of US$62.7 million was in line with guidance; cryptocurrency treasury[1] reached a record 1,807.60 BTC and 3,951.53 ETH as of March 31, 2026 Installed mining computing power across 10 joint-mining projects reached approximately 11 EH/s, up 10.7% sequentially; Produced 257 bitcoins in Q1 Strategic energy infrastructure footprint expanded through the acquisition of 49% interest in ABC Projects in West Texas from Cipher Mining and Nordic hash-to-heat deployment , /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months ended March 31, 2026.

First Quarter 2026 Operating and Financial Highlights

Metrics

Q1 2026

Market-readable takeaways

Total revenue

US$62.7 million

In line with guidance

Product revenue

US$42.9 million

Completed final deliveries
under a major U.S. order

Mining revenue

US$19.1 million

Resilient production despite
BTC/hashprice volatility

BTC produced

257 BTC

Continued mining output

Crypto treasury

1,807.60 BTC / 3,951.53
ETH

Record high treasury

Installed mining
computing power

~11 EH/s

Up 10.7% QoQ

All-in power cost

~US$0.04/kWh

Competitive mining cost base

G&A expense

US$15.0 million

Down 11% QoQ

Subsequent customer
cash collections

~US$42 million

Liquidity improved after
quarter-end

ABC Projects

49% interest / ~4.4 EH/s
operating hashrate

West Texas energy-compute
footprint

Nordic hash-to-heat
Project

8MW planned / 2MW in
operation

Sustainable compute
infrastructure use case

Total revenues were US$62.7 million, which was in line with the Company's previous guidance range.

Cryptocurrency treasury expanded to 1,807.60 BTC and 3,951.53 ETH by the end of the first quarter of 2026, with 257 bitcoins produced in the quarter.

Nangeng Zhang, chairman, and chief executive officer of Canaan, commented, "Q1 2026 was a quarter of disciplined execution and strategic positioning for Canaan. Despite bitcoin price volatility, compressed hashprice conditions, elevated energy costs, and weather-related disruptions in North America, we delivered total revenue of US$62.7 million, which was in line with our guidance, completed the final deliveries under a major U.S. customer order, and continued to advance our global mining deployment. Our installed computing power across ten joint-mining projects reached approximately 11 EH/s, up 10.7% sequentially, and we produced 257 bitcoins during the quarter. At the same time, our cryptocurrency treasury reached a record level of 1,807.60 BTC and 3,951.53 ETH as of March 31, 2026."

"We also made important progress in expanding Canaan's energy-compute infrastructure footprint. During the quarter, we acquired a 49% interest in the ABC Projects in West Texas from Cipher Mining, further strengthening our access to large-scale operational power infrastructure, with approximately 4.4 EH/s hashrate in operation at the project level. In parallel, our Nordic hash-to-heat deployment demonstrated another practical use case for our Avalon water-cooling technology by converting computing power into usable heat for local communities. These initiatives reflect our strategy to move closer to power resources, improve deployment flexibility, and build more durable operating advantages across market cycles."

"As energy access and thermal management become increasingly important constraints for high-density computing, we believe Canaan is well-positioned at the intersection of ASIC technology, crypto mining operations, and energy-integrated compute infrastructure. We remain focused on disciplined capital allocation, operational resilience, and long-term value creation for our shareholders."

Jin "James" Cheng, chief financial officer of Canaan, stated, "In Q1 2026, we demonstrated resilient operational execution amid a challenging industry environment. Total revenues reached US$62.7 million, in line with the guidance we provided in February, despite heightened market uncertainty. As we completed the final phase of deliveries under our large-scale North American customer order, machine sales generated US$42.9 million in revenue during the quarter. On the mining side, we generated US$19.1 million in mining revenue despite severe bitcoin price volatility and weather-related curtailments in North America. Although average bitcoin prices and hashprice declined significantly quarter-over-quarter, our bitcoin production experienced a comparatively smaller decrease, reflecting the resilience of our mining operations and continued hashrate deployment. We also maintained relatively stable machine production costs and maintained a competitive all-in power cost of approximately US$0.04/kWh across our mining operations."

"During the quarter, we further strengthened operational efficiency and optimized resource allocation across the organization, resulting in an 11% sequential decline in general and administrative expenses. Exiting the quarter with a relatively lean inventory position following the completion of our landmark order, we gain greater flexibility to navigate near-term market uncertainty. We also maintained solid liquidity at the end of Q1 and subsequently received approximately US$42 million in customer cash collections during Q2. Concurrent with ongoing mining operations and our DAT management, we grew our cryptocurrency treasury to new all-time highs. As we advance our energy-compute integration strategy, our capital allocation priorities remain anchored in operational agility, infrastructure scalability, and the disciplined pursuit of long-term, competitively advantaged energy resources."

[1] Defined as the total number of bitcoins and other cryptocurrencies owned by the Company on its Balance Sheet, including any bitcoins receivable, excluding bitcoins that the Company has received as customer deposits.

First Quarter 2026 Financial Results

Total revenues in the first quarter of 2026 were US$62.7 million, compared to US$196.3 million in the fourth quarter of 2025 and US$82.8 million in the same period of 2025. Total revenues consisted of US$42.9 million in products revenue, US$19.1 million in mining revenue and US$0.7 million in other revenues.

Products revenue in the first quarter of 2026 was US$42.9 million, compared to US$164.9 million in the fourth quarter of 2025 and US$58.3 million in the same period of 2025. The sequential decrease was mainly due to the decreased computing power sold and average selling price, resulting from a tightening of overall market demand led by the decline in bitcoin price. The year-over-year decrease was mainly due to the decreased computing power sold.

Mining revenue in the first quarter of 2026 was US$19.1 million, compared to US$30.4 million in the fourth quarter of 2025 and US$24.3 million in the same period of 2025. The sequential and year-over-year decreases were mainly due to the decrease in the average bitcoin price, partially offset by the increase in energized mining computing power.

Cost of revenues in the first quarter of 2026 was US$85.6 million, compared to US$181.7 million in the fourth quarter of 2025 and US$82.1 million in the same period of 2025.

Products costs in the first quarter of 2026 were US$62.4 million, compared to US$143.6 million in the fourth quarter of 2025 and US$59.2 million in the same period of 2025. The sequential decrease was consistent with the decrease in computing power sold. The year-over-year increase was mainly due to the increase in inventory and prepayment write-down and provision for reserve for inventory purchase commitments accrued. The inventory write-down, prepayment write-down and provision for reserve for inventory purchase commitments accrued for this quarter were US$24.5 million, compared to the inventory write-down, prepayment write-down and provision for reserve for inventory purchase commitments amounting to US$13.9 million for the fourth quarter of 2025 and the inventory write-down of US$2.5 million for the same period of 2025. Products costs consist of direct production costs of mining machines, and indirect costs related to production, as well as inventory write-down, prepayment write-down and provision for reserve for inventory purchase commitments.

Mining costs in the first quarter of 2026 were US$22.7 million, compared to US$37.0 million in the fourth quarter of 2025 and US$22.9 million in the same period of 2025. Mining costs herein consist of direct production costs of mining operations, including electricity and hosting, as well as depreciation of deployed mining machines. The sequential decrease was mainly due to the decrease in depreciation as a result of asset impairment recognized in the prior quarter and the change in estimated useful life of mining equipment beginning in fiscal year 2026. The year-over-year decrease was mainly due to the increase in deployed computing power for the Company's mining operations. The depreciation in this quarter for deployed mining machines was US$5.8 million, compared to US$12.1 million in the fourth quarter of 2025 and US$6.2 million in the same period of 2025.

Gross loss in the first quarter of 2026 was US$22.9 million, compared to a gross profit of US$14.6 million in the fourth quarter of 2025 and a gross profit of US$646 thousand in the same period of 2025.

Total operating expenses in the first quarter of 2026 were US$31.4 million, compared to US$38.2 million in the fourth quarter of 2025 and US$38.3 million in the same period of 2025.

Research and development expenses in the first quarter of 2026 were US$15.4 million, compared to US$11.5 million in the fourth quarter of 2025 and US$18.9 million in the same period of 2025. The sequential increase was mainly due to an increase of US$4.0 million in research and development expenditure. The year-over-year decrease was mainly due to a decrease of US$3.6 million in staff cost, a decrease of US$1.1 million in share-based compensation expenses, partially offset by an increase of US$1.6 million in research and development expenditure. Research and development expenses in the first quarter of 2026 also included share-based compensation expenses of US$0.7 million.

Sales and marketing expenses in the first quarter of 2026 were US$1.2 million, compared to US$1.1 million in the fourth quarter of 2025 and US$2.9 million in the same period of 2025. Sales and marketing expenses remained stable sequentially. The year-over-year decrease was mainly attributable to a decrease of US$1.7 million in staffing cost. Sales and marketing expenses in the first quarter of 2026 also included share-based compensation expenses of US$43 thousand.

General and administrative expenses in the first quarter of 2026 were US$15.0 million, compared to US$16.9 million in the fourth quarter of 2025 and US$16.9 million in the same period of 2025. The sequential decrease was mainly due to a decrease of US$2.1 million in staff cost. The year-over-year decrease was mainly due to a decrease of US$1.5 million in share-based compensation expenses. General and administrative expenses in the first quarter of 2026 also included share-based compensation expenses of US$3.8 million.

Loss from operations in the first quarter of 2026 was US$54.3 million, compared to US$23.6 million in the fourth quarter of 2025 and US$37.6 million in the same period of 2025.

Change in fair value of cryptocurrency and Change in fair value of financial derivatives in the first quarter of 2026 were a loss of US$24.9 million and a loss of US$16.0 million, respectively, compared to a loss of US$21.5 million and a loss of US$22.8 million in the fourth quarter of 2025, and a loss of US$2.3 million and a loss of US$14.1 million in the first quarter of 2025, respectively. The losses were mainly due to the decreased bitcoin price on March 31, 2026, compared to the bitcoin price on December 31, 2025.

Foreign exchange losses, net in the first quarter of 2026 were US$4.0 million, compared to a loss of US$2.9 million in the fourth quarter of 2025 and a gain of US$0.8 million in the same period of 2025, respectively.

Loss before income tax expense in the first quarter of 2026 was US$88.8 million, compared to US$84.2 million in the fourth quarter of 2025 and US$85.7 million in the same period of 2025.

Equity in gains of equity investees in the first quarter of 2026 was US$0.2 million, compared to nil in the fourth quarter of 2025 and nil in the same period of 2025.

Net loss in the first quarter of 2026 was US$88.7 million, compared to US$85.0 million in the fourth quarter of 2025 and US$86.4 million in the same period of 2025.

Non-GAAP adjusted EBITDA in the first quarter of 2026 was a loss of US$76.3 million, as compared to a loss of US$40.5 million in the fourth quarter of 2025 and a loss of US$38.1 million in the same period of 2025. For further information, please refer to "Use of Non-GAAP Financial Measures" in this press release.

Foreign currency translation adjustment, net of nil tax, in the first quarter of 2026 was a gain of US$5.2 million, compared to a gain of US$1.1 million in the fourth quarter of 2025 and a loss of US$1.1 million in the same period of 2025, respectively.

Basic and diluted net loss per American depositary share ("ADS") in the first quarter of 2026 were US$0.13. In comparison, basic and diluted net loss per ADS in the fourth quarter of 2025 were US$0.13, while basic and diluted net loss per ADS in the same period of 2025 were US$0.27. Each ADS represents 15 of the Company's Class A ordinary shares.

As of March 31, 2026, the Company held Cryptocurrency assets with a fair value of US$66.2 million and Cryptocurrency receivable with an aggregate fair value of US$67.0 million, respectively. Cryptocurrency assets primarily consist of 802.6 bitcoins owned by the Company and 63.4 bitcoins received as customer deposits. Cryptocurrency receivable consists of 905.0 bitcoins pledged for secured term loans and 100.0 bitcoins transferred to a fixed-term product. The classification of cryptocurrency receivable as current assets is consistent with the corresponding secured term loans. As of March 31, 2026, the Company held a total of 1,871.0 bitcoins.

As of March 31, 2026, the Company had cash of US$43.5 million, compared to US$80.8 million as of December 31, 2025. The Company has subsequently received approximately US$42 million in customer cash collections in April 2026.

Accounts receivable, net as of March 31, 2026, were US$51.6 million, compared to US$19.3 million as of December 31, 2025. Accounts receivable were mainly due to an installment policy implemented for some major customers who meet certain conditions. The Company subsequently collected approximately US$42 million in cash from Accounts receivable in April 2026.

Investment in equity investees as of March 31, 2026, was US$14.1 million. The Company uses the equity method of accounting to account for its 49% equity interest in Alborz LLC, Bear LLC, and Chief Mountain LLC (collectively, the "ABC Projects"). Please refer to "Recent Developments - Acquired Cipher Mining's 49% Interest in ABC Projects Totaling ~4.4 EH/s in West Texas".

ADSs Outstanding

As of March 31, 2026, the Company had a total of 690,594,191 ADSs outstanding, each representing 15 of the Company's Class A ordinary shares.

Recent Developments

Secured Nordic Hash-to-Heat Project

On May 19, 2026, Canaan Inc. announced that it had been selected through a competitive bid process to provide hash-to-heat infrastructure for a district heating network in the Nordic region. The project utilizes the Company's Avalon A1566HA hydro-cooled mining units with a total planned deployment capacity of approximately 8 MW. Approximately 2 MW of capacity is currently operating in the region and supplying hot water to local residents, and based on the successful initial deployment, the customer placed a follow-on order in March 2026 for an additional 6 MW of capacity. The Company believes the project further validates its capabilities in hydro-cooling, thermal management and energy-integrated compute infrastructure, while demonstrating the potential for scalable "hash-to-heat" applications in next-generation sustainable energy systems.

Acquired Cipher Mining's 49% Interest in ABC Projects Totaling ~4.4 EH/s in West Texas

On February 19, 2026, the Company acquired Cipher Mining Inc.'s (NASDAQ: CIFR) ("Cipher") 49% equity interest in ABC Projects in West Texas, totaling approximately 4.4 EH/s of operational hashrate capacity. The transaction was completed through a non-cash equity issuance, making Cipher a significant shareholder of the Company. The transaction also includes the purchase of 6,840 Avalon® A15Pro mining machines, which further expands the Company's self-mining scale and U.S. power infrastructure footprint. The ABC Projects bring significant experience in demand response and energy arbitrage within the Electrical Reliability Council of Texas ("ERCOT") grid, reinforcing the Company's strategy to enhance grid stabilization and operational flexibility amid rising data center demand.

The Share Repurchase Program

On December 17, 2025, the Company announced that its board of directors approved the renewal of a share repurchase program authorizing the buyback of up to US$30 million worth of its outstanding ADSs, or Class A ordinary shares, over the next 12 months starting December 12, 2025. Repurchases may be conducted through open-market, privately negotiated transactions, block trades, or any combination thereof, subject to market conditions and regulatory requirements.

As of May 19, 2026, the Company had repurchased approximately 2.8 million ADSs in a total consideration of US$2.0 million under the program.

Business Outlook

For the second quarter of 2026, the Company expects total revenues to be in the range of US$35 million to US$45 million, reflecting the near-term market conditions and evolving customer dynamics, which are subject to change.  

The Company will continue to closely monitor the global policy environment and market developments, and may revise or update its outlook as appropriate, based on future clarity and business visibility.

Conference Call Information

The Company's management team will hold a conference call at 8:00 A.M. U.S. Eastern Time on May 19, 2026 (or 8:00 P.M. Singapore Time on the same day) to discuss the financial results. Details for the conference call are as follows:

All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers and a unique access PIN, which can be used to join the conference call.

A live and archived webcast of the conference call will be available at the Company's investor relations website at investor.canaan-creative.com.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.'s strategic and operational plans, contain forward-looking statements. Canaan Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.'s beliefs and expectations, such as expectations with regard to revenue or mining hash rate deployment, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, the ability of the Company to execute against its goals, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company's expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company's expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company's investment plans and strategies, fluctuations in the Company's quarterly operating results; competition in its industry; changing macroeconomic and geopolitical conditions, including evolving international trade policies and the implementation of increased tariffs, import restrictions, and retaliatory trade actions; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Use of Non-GAAP Financial Measures

In evaluating Canaan's business, the Company uses non-GAAP measures, such as adjusted EBITDA, as supplemental measures to review and assess its operating performance. The Company defines adjusted EBITDA as net loss excluding income tax (benefit) expenses, interest income, interest expense, depreciation and amortization expenses, share-based compensation expenses, impairment on property, equipment and software, change in fair value of financial instruments other than derivatives and excess of fair value of convertible preferred shares. The Company believes that the non-GAAP financial measures provide useful information about the Company's results of operations, enhance the overall understanding of the Company's past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools and investors should not consider them in isolation, or as a substitute for net loss, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP. One of the key limitations of using adjusted EBITDA is that it does not reflect all of the items of income and expense that affect the Company's operations. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: [email protected] 

Christensen Advisory
Christian Arnell
Email: [email protected]

Public Relations Contact

BlocksBridge Consulting
Jesse Colzani
Email: [email protected]

CANAAN INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(all amounts in thousands, except share and per share data, or as otherwise noted)

As of December 31,

As of March 31,

2025

2026

USD

USD

ASSETS

Current assets:

Cash

80,778

43,451

Accounts receivable, net

19,290

51,560

Inventories

180,816

139,078

Prepayments and other current assets

99,707

94,808

Cryptocurrency receivable, current

52,699

27,004

Total current assets

433,290

355,901

Non-current assets:

Cryptocurrency

83,339

66,236

Cryptocurrency receivable, non-current

35,133

40,006

Investment in equity investees

-

14,056

Property, equipment and software, net

44,028

51,037

Intangible asset

689

636

Operating lease right-of-use assets

2,880

2,492

Deferred tax assets

191

194

Other non-current assets

489

496

Non-current financial investment

2,845

1,000

Total non-current assets

169,594

176,153

Total assets

602,884

532,054

LIABILITIES, AND SHAREHOLDERS'
EQUITY

Current liabilities

Current portion of long-term loans

28,515

21,140

Accounts payable

25,600

20,417

Contract liabilities

9,317

7,739

Income tax payable

11,403

11,591

Accrued liabilities and other current
liabilities

54,548

44,131

Operating lease liabilities, current

1,706

1,397

Total current liabilities

131,089

106,415

Non-current liabilities:

Long-term loans

23,731

33,373

Operating lease liabilities, non-current

948

642

Deferred tax liability

117

108

Other non-current liabilities

9,631

9,585

Total liabilities

165,516

150,123

Shareholders' equity:

Class A Ordinary shares (US$0.00000005
par value; 999,643,050,556 authorized,
10,431,482,973 and 11,237,922,873 shares
issued, 9,703,445,043 and 10,522,925,163
shares outstanding as of December 31, 2025
and March 31, 2026, respectively)

1

1

Class B Ordinary shares (US$0.00000005
par value; 356,624,444 shares authorized,
311,624,444 shares issued and outstanding
as of December 31, 2025 and March 31, 2026)

-

-

Treasury stocks (US$0.00000005 par value;

366,981,615 and 376,884,825 shares as of

December 31, 2025 and March 31, 2026,

respectively)

(37,172)

(34,566)

Additional paid-in capital

1,177,057

1,202,580

Statutory reserves

14,892

14,892

Accumulated other comprehensive loss

(56,653)

(51,471)

Accumulated deficit

(660,757)

(749,505)

Total shareholders' equity

437,368

381,931

Total liabilities and shareholders' equity

602,884

532,054

CANAAN INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(all amounts in thousands of USD, except share and per share data, or as otherwise noted)

 
For the Three Months Ended

March 31,
2025

December 31,
2025

March 31,
2026

USD

USD

USD

Revenues

Products revenue

58,322

164,929

42,863

Mining revenue

24,254

30,358

19,124

Other revenues

200

987

706

Total revenues

82,776

196,274

62,693

Cost of revenues

Product cost

(59,190)

(143,562)

(62,365)

Mining cost

(22,940)

(37,020)

(22,677)

Other cost

-

(1,109)

(557)

Total cost of revenues

(82,130)

(181,691)

(85,599)

Gross profit (loss)

646

14,583

(22,906)

Operating expenses:

Research and development expenses

(18,947)

(11,456)

(15,390)

Sales and marketing expenses

(2,936)

(1,103)

(1,195)

General and administrative expenses

(16,908)

(16,868)

(15,020)

Impairment on property and equipment

-

(8,973)

-

Gain on disposal of property, equipment
and software

516

197

197

Total operating expenses

(38,275)

(38,203)

(31,408)

Loss from operations

(37,629)

(23,620)

(54,314)

Interest income

57

39

150

Interest expense

(351)

(827)

(929)

Change in fair value of cryptocurrency

(2,264)

(21,457)

(24,913)

Change in fair value of financial
instruments other than derivatives

(4,392)

(15,249)

-

Change in fair value of financial
derivatives

(14,055)

(22,799)

(15,974)

Excess of fair value of convertible
preferred shares

(28,179)

-

-

Foreign exchange gains (losses), net

835

(2,890)

(3,997)

Other income, net

252

2,573

11,198

Loss before income tax expenses

(85,726)

(84,230)

(88,779)

Income tax expense

(705)

(805)

(190)

Equity in gains of equity investees

-

-

221

Net loss

(86,431)

(85,035)

(88,748)

Foreign currency translation adjustment,
net of nil tax

(1,057)

1,133

5,182

Total comprehensive loss

(87,488)

(83,902)

(83,566)

Weighted average number of shares
used in per share calculation:

— Basic

4,817,919,054

9,517,488,550

10,371,318,890

— Diluted

4,817,919,054

9,517,488,550

10,371,318,890

Net loss per share (cent per share)

— Basic

(1.79)

(0.89)

(0.86)

— Diluted

(1.79)

(0.89)

(0.86)

Share-based compensation expenses

 were included in:

Cost of revenues

76

92

89

Research and development expenses

1,770

535

668

Sales and marketing expenses

53

67

43

General and administrative expenses

5,316

3,586

3,815

The table below sets forth a reconciliation of net loss to non-GAAP adjusted EBITDA for the period indicated:

For the Three Months Ended

March 31,
2025

December 31,
2025

March 31,
2026

USD

USD

USD

Net loss

(86,431)

(85,035)

(88,748)

Income tax expense

705

805

190

Interest income

(57)

(39)

(150)

Interest expense

351

827

929

EBIT

(85,432)

(83,442)

(87,779)

Depreciation and amortization expenses

7,513

14,424

6,816

EBITDA

(77,919)

(69,018)

(80,963)

Share-based compensation expenses

7,215

4,280

4,615

Impairment on property, equipment and
software

-

8,973

-

Change in fair value of financial
instruments other than derivatives

4,392

15,249

-

Excess of fair value of convertible
preferred shares

28,179

-

-

Non-GAAP adjusted EBITDA

(38,133)

(40,516)

(76,348)

SOURCE Canaan Inc.

Cipher Digital stock is among today’s top performers. Why is CIFR stock surging? The Trend Is Up, But The Distance From The Averages Cuts Both WaysOn a longer timeframe, Cipher still looks firmly bullish. The stock is trading 7.1% above its 20‑day SMA at $19.44, 22.2% above its 50‑day SMA at $17.03 and 35.5% above its 200‑day SMA at $15.36. That kind of separation usually signals a strong uptrend, but it can also work against traders if momentum cools and crowded entries start unwinding at the same time.

Structurally, the trend remains constructive. The 20‑day SMA sits above the 50‑day SMA, and the golden cross that formed in July 2025 when the 50‑day SMA moved above the 200‑day SMA continues to support the longer‑term bias. The last major upside shift also aligned with the breakout above resistance in November 2025, which eventually led to the stock's 52‑week high later that month.

The market has already shown it is willing to revalue the name when the setup turns, which is why traders keep one eye on the trend and the other on where the next stall might appear.

For now, the near‑term ceiling is clear. Key resistance sits at $22.50, a level where rebounds can pause before any attempt to revisit the 52‑week high zone. Momentum is the more interesting tell.

RSI Says Orderly, Not EuphoricRSI is sitting at 52.51, which is neutral. That matters because it shows Cipher is strong without being stretched. The stock is elevated relative to its moving averages, but it is not flashing the kind of overheated reading that forces traders to fade every uptick. For trend followers, that combination often marks the sweet spot: enough strength to keep buyers engaged, but not so much froth that the move becomes fragile.

Why Cipher Rallied Earlier This WeekCipher spent the previous session climbing after a run of upbeat analyst calls and growing interest in its high-performance computing and AI data center strategy. Morgan Stanley boosted its price target from $40.50 to $42.50 while keeping an overweight rating. Needham raised its target from $22 to $25, and Jefferies began coverage with a buy rating and a $32 target

The company has also been highlighting progress on that front. In its May update, Cipher said it secured a third AI data center campus lease with an investment grade hyperscale tenant. The firm now has 907 megawatts of operating and contracted capacity and a roughly 3.3 gigawatt pipeline, including 700 megawatts tied to high performance computing contracts worth more than $11.4 billion in committed revenue.

Rising short interest added another layer of momentum, with 16.69% of the float sold short and 2.39 days to cover, creating conditions where rallies can accelerate quickly.

CIFR Shares Are SoaringCIFR Price Action: Cipher shares were up 9.09% at $21.26 at the time of publication on Thursday, according to Benzinga Pro.

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Cipher Digital's long-term hyperscale leases and $11.4B in contracted revenues give it an edge over IREN Limited as AI infrastructure demand accelerates.

© baranozdemir / Getty Images

The AI buildout has a power problem. Hyperscalers are racing to deploy GPUs, but the U.S. grid is short on megawatts, and operators with energized land and signed interconnect agreements have become the chokepoint nobody wants to talk about. The Energy Information Administration’s latest outlook flags data center growth concentrated in the West South Central region (Texas) as a primary driver of commercial electricity demand, and the industry consensus is that the U.S. needs 50+ gigawatts of additional electric capacity for AI by 2028. Stocks under $30 with direct exposure to that gap are worth a hard look right now.

With that in mind, here is one stock trading under $30 that analysts believe is positioned to capitalize on the looming power shortage, even as most AI investors keep chasing the obvious chip names.

Cipher Digital (NASDAQ:CIFR) Cipher Digital (NASDAQ:CIFR), recently rebranded from Cipher Mining, is a former bitcoin miner that has pivoted into a developer and operator of high-performance computing data centers powering hyperscaler AI workloads.

Shares closed at $24.59 on May 28, 2026, just under the recent 52-week high of $25.56. For a retail investor, that price tag still buys exposure to a company with a $10.07 billion market cap and a backlog that dwarfs current revenue. The stock is up 66.6% year to date and 634% over the past year, yet Reddit chatter remains concentrated in a single r/wallstreetbets thread with consistently “low” activity. That is the textbook definition of overlooked.

Fundamentals are messy on the surface and powerful underneath. Cipher booked Q4 2025 revenue of $59.71 million, missing the $85.46 million consensus by 30.13%, and reported a GAAP net loss of $734.2 million driven largely by a $410.27 million non-cash warrant liability swing. Adjusted EPS came in at -$0.14. The real story sits in the contract book: a 15-year, 300 MW lease with Amazon Web Services at Black Pearl worth roughly $5.5 billion at a ~100% NOI margin, plus a 10-year, 300 MW Fluidstack lease backstopped by Google at Barber Lake worth roughly $3.8 billion. Combined, that is $9.3 billion in contracted HPC revenue and ~$669 million in average annualized NOI.

Wall Street has noticed. The analyst consensus target sits at $30.53, with 14 buy or strong-buy ratings and zero sells. Morgan Stanley carries a $40.50 target, Jefferies upgraded to strong-buy, and Keefe, Bruyette & Woods raised to $27 with an outperform rating.

The bull case is straightforward. Both Black Pearl and Barber Lake are targeting October 2026 energization, flipping Cipher from a cash-burning developer into a contracted-revenue infrastructure operator almost overnight. Behind those two sites sits a 3.2 GW pipeline across six additional projects, and bond offerings funding construction were roughly 6.5x oversubscribed, a clear signal that credit markets believe the lease economics. CEO Tyler Page told investors “2026 is a year of execution for Cipher as we fully transition the business into a leading infrastructure platform”.

The risk that cuts against the thesis: leverage and concentration. Total liabilities ballooned to $3.46 billion from $173 million a year earlier on high-yield bond issuance, the accumulated deficit hit $1.0 billion, and revenue depends on two tenants. Any construction slip at Black Pearl or Barber Lake hits the stock hard. Insider activity is also mixed, with the CEO and COO consistently disposing of shares from March through May 2026.

Even so, with $9.3 billion in contracted revenue against a $10 billion market cap and energization months away, Cipher Digital is one of the cleanest sub-$30 ways to play the AI power gap.

A low share price alone is never a reason to buy or avoid a stock. Cipher carries real execution risk, heavy debt, and a balance sheet that can swing violently on non-cash charges. Do your own research, weigh the dilution and tenant-concentration risks against the contracted backlog, and size any position accordingly.

NEW YORK, June 08, 2026 (GLOBE NEWSWIRE) -- Cipher Digital Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) a leading developer, owner, and operator of industrial-scale data centers, today announced that its wholly-owned subsidiary, Stingray Compute LLC (the “Issuer”), intends to offer, subject to market conditions and other factors, $810.0 million aggregate principal amount of senior secured notes due 2031 (the “Notes”), in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and to non-U.S. persons outside of the United States pursuant to Regulation S under the Securities Act.

Cipher Digital Inc (NASDAQ:CIFR) plans to raise $810 million through a private offering of senior secured notes due 2031, issued by a subsidiary, to back its data center operations.

The notes will be offered by Stingray Compute LLC, a wholly owned subsidiary of Cipher, to qualified institutional buyers under Rule 144A and to investors outside the United States under Regulation S of the Securities Act, the New York-based company said.

Issuing the debt through a subsidiary and securing it against assets concentrates the borrowing around Cipher's data center infrastructure rather than the parent company. Senior secured notes due 2031 would give the company a fixed, multi-year source of funding, with the coupon and final size to be set when the notes price based on investor demand.

The raise underscores the capital required to build and run industrial-scale data centers, which has drawn operators in the sector to the debt market to fund construction.

Cipher Digital describes itself as a developer, owner and operator of industrial-scale data centers. The company said the timing and completion of the notes offering remain subject to market conditions.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

PEDEVCO undergoes a transformative investment and asset acquisition by Juniper Capital Advisors. PED's production has surged from 1,000 BOED to over 6,000 BOED. This materially improves financial prospects. The company received a critical cash injection. That changes the future from a cash-starved past to a growth-oriented strategy focused on bolt-on acquisitions and operational efficiency.

SAN DIEGO--(BUSINESS WIRE)--WD-40 Company (NASDAQ:WDFC) today announced that its board of directors declared on Monday, March 16, 2026, a quarterly dividend of $1.02 per share, payable April 30, 2026, to stockholders of record at the close of business on April 17, 2026. The Company also announced that it has scheduled its second quarter 2026 earnings conference call for Thursday, April 9, 2026, at 2:00 p.m. PDT. On this call, management will discuss financial results, business developments, and.

SAN DIEGO--(BUSINESS WIRE)--WD-40 Company (NASDAQ:WDFC), a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world, today reported financial results for its second fiscal quarter ended February 28, 2026. Second Quarter Highlights and Summary: Total net sales were $161.7 million, an increase of 11 percent compared to the prior year fiscal quarter. Translation of the Com.

WD-40 Company (WDFC) Q2 2026 Earnings Call Transcript

WD-40 (WDFC) Reports Strong Q2 Results but Stock Declines on Guidance Reaffirmation

WD-40 WDFC is experiencing a decline in stock price today, despite reporting impressive earnings per share (EPS) and revenue for Q2 (February). The company's revenue surged by 10.7% year-over-year to $161.7 million, exceeding analyst expectations and marking the highest growth rate in six quarters. Additionally, WD-40 reaffirmed its fiscal year 2026 (FY26) guidance.

Revenue rose 10.7% year-over-year to $161.7 million, surpassing analyst estimates and reflecting the strongest growth in six quarters. The maintenance products segment, which is the company's core focus, achieved a 6% growth in constant currency. Sales in the Americas increased by 10% year-over-year to $71.8 million, primarily driven by a 15% rise in U.S. maintenance product sales. EIMEA sales grew by 9% year-over-year to $64.9 million, although they declined by 3% in constant currency. Asia-Pacific sales soared by 19% year-over-year to $25.0 million, supported by a 21% increase in maintenance product sales, especially in China. WD-40 Specialist products played a significant role in growth across all regions, offering professional-grade lubricants, cleaners, and rust preventatives designed for heavy-duty industrial and maintenance tasks. The company anticipates strong promotional activities will lead to high single-digit to low double-digit growth in the Americas for FY26. Despite the positive Q2 results, WDFC reaffirmed its FY26 guidance, citing geopolitical uncertainties, particularly in the Middle East, as a factor for caution. WD-40 reported a robust quarter with widespread revenue strength and continued momentum in its core maintenance products. However, the market's reaction indicates some disappointment regarding the decision to reaffirm, rather than raise, FY26 guidance following the strong Q2 results. Management highlighted geopolitical uncertainties, especially in the Middle East, as a reason for their cautious outlook, which may have left investors hoping for a more optimistic forecast. There may also be concerns about the quality of growth, as foreign exchange tailwinds and a high proportion of international sales are contributing positively. Nonetheless, WD-40's strong performance in the U.S., expanding Specialist product line, and improving trends in Asia-Pacific create a favorable environment as the company moves into the second half of the fiscal year.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

WD-40 Company remains a long-term hold despite premium valuation and muted growth, supported by stable demand and dividend growth. Fiscal Q2 sales rose 11% to $161.7 million, with gross margin improving 100 bps to 55.6% and adjusted EPS up 14% to $1.50. Growth was broad-based across regions, with standout Specialist line performance and significant Asia-Pacific momentum, especially in China.

Posted by Defense World Staff on Apr 14th, 2026

WD-40 Company (NASDAQ:WDFC – Get Free Report) was down 4.7% during trading on Monday after DA Davidson lowered their price target on the stock from $300.00 to $270.00. DA Davidson currently has a buy rating on the stock. WD-40 traded as low as $202.91 and last traded at $204.03. Approximately 204,567 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 183,227 shares. The stock had previously closed at $214.01.

Other research analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. William Blair started coverage on shares of WD-40 in a research report on Monday, April 6th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, WD-40 presently has an average rating of “Moderate Buy” and an average target price of $270.00.

Get Our Latest Stock Report on WDFC

Insider Buying and Selling at WD-40 In other news, Director David Pendarvis bought 424 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were acquired at an average cost of $247.15 per share, with a total value of $104,791.60. Following the completion of the transaction, the director directly owned 6,898 shares in the company, valued at approximately $1,704,840.70. The trade was a 6.55% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows Institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in WD-40 during the fourth quarter valued at approximately $637,000. Rockefeller Capital Management L.P. grew its position in WD-40 by 7.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,087 shares of the specialty chemicals company’s stock valued at $214,000 after purchasing an additional 78 shares in the last quarter. Corient Private Wealth LLC grew its position in WD-40 by 52.0% during the fourth quarter. Corient Private Wealth LLC now owns 9,518 shares of the specialty chemicals company’s stock valued at $1,874,000 after purchasing an additional 3,257 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in WD-40 by 243.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 278 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 197 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in WD-40 by 76.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,946 shares of the specialty chemicals company’s stock valued at $383,000 after purchasing an additional 842 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

WD-40 Price Performance The stock’s 50-day moving average is $227.83 and its 200 day moving average is $209.61. The stock has a market capitalization of $2.78 billion, a PE ratio of 35.21 and a beta of 0.25. The company has a quick ratio of 1.98, a current ratio of 2.83 and a debt-to-equity ratio of 0.32.

WD-40 (NASDAQ:WDFC – Get Free Report) last announced its quarterly earnings data on Thursday, April 9th. The specialty chemicals company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The firm had revenue of $161.67 million for the quarter, compared to the consensus estimate of $154.90 million. During the same period in the previous year, the firm posted $1.32 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, equities analysts predict that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, April 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, April 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. WD-40’s payout ratio is presently 69.39%.

About WD-40 (Get Free Report)

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.

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SAN DIEGO--(BUSINESS WIRE)-- #KingOfTheHill--WD-40® Brand is teaming up with Disney Entertainment to launch a limited-edition “King of the Hill”-themed can.

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

AC Immune First Quarter 2026 Financial and Corporate Updates Dosed first subjects in Phase 1 trial of brain-penetrant small molecule NLRP3 inhibitor ACI-19764 with SAD/MAD results in healthy volunteers expected in H2 2026 Initiated final cohort, AD4, in ABATE Phase 1b/2 trial of ACI-24 to treat Alzheimer's Disease triggers milestone payment, as announced separately today Amended Morphomer® Tau collaboration with Lilly reflects growing excitement for targeting intracellular Tau and significant progress with our Morphomer® small molecules Approaching multiple milestones including 12-month interim results of the AD3 cohort in ABATE in Q2 2026 and full data from Part 1 of ACI-7104 VacSYn Phase 2 trial expected in H2 2026 Cash resources of CHF 74.8 million as of March 31, 2026, provide funding into Q4 2027 Lausanne, Switzerland, April 30, 2026 -- AC Immune SA (NASDAQ: ACIU), a clinical-stage biopharmaceutical company pioneering precision therapeutics for neurodegenerative diseases, today provided financial and corporate updates for the quarter ended March 31, 2026. Dr. Andrea Pfeifer, CEO of AC Immune SA, commented: “The progress in our collaborations with Takeda and Eli Lilly reflect great confidence in our anti-Abeta active immunotherapy and Tau aggregation inhibitor small molecules, respectively.

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Albertsons shoppers are turning away from one of the supermarket giant’s most profitable aisles, in a worrying sign for the already-battered grocery chain.

The Idaho-based company’s latest annual report shows produce sales have softened, even though the section has traditionally been one of the biggest money-makers for the grocery business, The Street reported.

Albertsons — which operates hundreds of stores across California — reported sales have softened. REUTERS Consumers are reportedly changing how they fill their carts — opting for longer-lasting staples versus fresh produce. Bloomberg via Getty Images The drop suggests customers are changing how they fill their carts, potentially swapping fresh fruit and vegetables for cheaper, longer-lasting staples as household budgets remain tight.

It’s a troubling shift for Albertsons, which operates more than 2,200 stores nationwide, including 581 stores in California — under brands such as Albertsons, Safeway, Vons and Pavilions.

The company’s overall sales rose 3.5% in its most recent fiscal year, but its profits told a much darker tale, according to the company’s annual report.

Operating income was cut in half after Albertsons’ blockbuster merger with Kroger collapsed, while net income plunged to $217.4 million, down from $958.6 million the year before.

The grocer’s long-term debt and other liabilities also climbed about 8% to over $8 billion, according to the annual report.

Albertsons has also been hit by legal troubles — last month, the company agreed to a $774 million settlement aimed at resolving opioid-related claims brought against it nationwide, the Wall Street Journal reported.

The company has increasingly leaned on its pharmacy business to drive growth, with pharmacy sales accounting for 13.7% of total revenue.

That leaves Albertsons increasingly dependent on its pharmacy business at a time when the rest of the company is under mounting pressure.

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Shoppers in local communities across several states may discover that they have fewer supermarkets to choose from this year.

Grocery giant Albertsons Companies has continued to close stores in recent months as it reevaluates its store footprint in the wake of a failed merger with The Kroger Company. 

So far in 2026, at least a dozen locations have closed or have been marked for closure, according to an analysis of local media reports, online review platforms, and Albertsons’ own store locator tools. 

The closures have impacted stores across Albertsons’ portfolio of grocery and supermarket chains, including Acme, Balducci’s, Randalls, Safeway, and Vons, in addition to banner Albertsons stores.

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More than half of the closures were in California and Texas, with locations also shuttered in New Jersey, Connecticut, Nevada, and Washington, D.C.

As reported in April, Albertsons ended its 2025 fiscal year with 2,244 physical stores, a net decline of 26 when compared to the previous year.

Grocery store closures can have an especially corrosive impact on local communities. Researchers have long documented the rise of food deserts in low-income areas, which they attribute in part to industry consolidation.

Explore TopicsAlbertsonsgroceriesRetailstore closures

Investors in Albertsons Companies, Inc. (ACI - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 5, 2026 $7 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Albertsons shares, but what is the fundamental picture for the company? Currently, Albertsons is a Zacks Rank #3 (Hold) in the Consumer Products – Staples industry that ranks in the Bottom 31% of our Zacks Industry Rank. Over the last 60 days, no analyst increased the earnings estimates for the current quarter, while six have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 60 cents per share to 55 cents in that period.

Given the way analysts feel about Albertsons right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.