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Executive Accountability: Brian Grass Named as Defendant for Alleged Role in Concealing Project Pegasus Failures While Serving as Both CFO and Interim CEO of Helen of Troy

, /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors that Brian Grass, Helen of Troy Limited's (NASDAQ: HELE) longtime Chief Financial Officer and former Interim CEO, is named as an individual defendant in a securities class action filed on behalf of shareholders who purchased securities between April 24, 2024, and October 8, 2025. Find out if you qualify to recover losses from the HELE securities action. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.

Helen of Troy shares suffered multiple sharp declines during the Class Period, including a 27.7% single-day drop ($24.68 per share) and a later 22.7% decline ($7.04 per share), as the alleged truth about the Company's flagship restructuring program emerged. The lead plaintiff deadline is August 3, 2026.

Brian Grass's Dual Role During the Class Period

The complaint identifies Grass as occupying a uniquely central position at Helen of Troy. As the Company's longtime CFO, Grass oversaw financial reporting and projections throughout the Class Period. When CEO Noel Geoffroy suddenly departed on May 2, 2025, after only 14 months in the role, Grass assumed the additional title of Interim CEO, a position he held through September 1, 2025. This dual capacity placed Grass at the intersection of both operational leadership and financial disclosure during a period when, the action contends, investors were receiving materially misleading information about the Company's restructuring progress.

What Brian Grass Allegedly Oversaw

As pleaded in the complaint, Grass made specific assurances to investors on multiple occasions:

On July 9, 2024, Grass stated the Company still expected to "expand gross margin year-over-year due to Project Pegasus" even as the Company simultaneously slashed its full-year revenue outlook by over 20% On October 9, 2024, Grass reiterated gross margin expansion expectations and claimed the Tennessee distribution facility remediation was "substantially completed" On January 8, 2025, Grass confirmed Project Pegasus savings targets remained "on track" and that restructuring charges would be "largely completed in fiscal '25" By July 10, 2025, now serving as Interim CEO, Grass conceded the Company had become "too matrixed, too slow" and "too complicated," acknowledging a loss of organizational focus he stated he personally owned "as a leader" The lawsuit asserts that Grass possessed the power and authority to control the contents of Helen of Troy's SEC reports, press releases, and analyst presentations, and that he was provided with copies of these materials prior to or shortly after their issuance.

Grass's Certifications and Liability

As CFO, Grass signed SEC filings containing financial statements and forward-looking projections about Project Pegasus savings. The complaint alleges that these certifications carried personal accountability under the federal securities laws. The action further contends that Grass, by virtue of his high-level positions and direct involvement in day-to-day operations, acted as a controlling person within the meaning of Section 20(a) of the Securities Exchange Act of 1934.

"Individual officers who sign SEC certifications bear personal responsibility for the accuracy of corporate disclosures. When an executive occupies both the CFO and Interim CEO roles during a period of alleged misrepresentation, questions of personal accountability become particularly acute." -- Joseph E. Levi, Esq.

Speak with an attorney about whether Brian Grass's alleged role affected your HELE investment or call (212) 363-7500.

LEAD PLAINTIFF DEADLINE: August 3, 2026

Submit your information to join the HELE recovery effort or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.

Levi & Korsinsky, LLP, Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered for investors.

Frequently Asked Questions About the HELE Lawsuit

Q: Who are the defendants named in the HELE lawsuit? A: The complaint names Helen of Troy Limited and individual defendants including senior executives who signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley. Brian Grass is named both in his capacity as CFO and as former Interim CEO.

Q: What specific misstatements does the HELE lawsuit allege? A: The complaint alleges Helen of Troy made materially false or misleading statements regarding the progress and success of Project Pegasus, a global restructuring program, and the operational health of its Tennessee distribution center during the Class Period. When the true state was revealed, the stock price declined sharply on multiple occasions.

Q: What do HELE investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible as a class member.

Q: What if I already sold my HELE shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.

Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

SOURCE Levi & Korsinsky, LLP

CHICAGO--(BUSINESS WIRE)--Tempus AI, Inc. (NASDAQ: TEM), a technology company leading the adoption of AI to advance precision medicine and patient care, today announced the national launch of its OneOme pharmacogenomics (PGx) testing solution, delivering advanced genetic insights to optimize medication safety, dosing and toxicity risk assessment. Following its acquisition of OneOme in November 2025, Tempus has fully integrated these capabilities to expand its comprehensive precision medicine po.

The Pentagon's AI Pivot Supercharges Defense StocksBooz Allen Hamilton NYSE: BAH held its 2026 annual meeting of stockholders on July 22, with shareholders approving the company’s three management proposals and rejecting a shareholder proposal seeking to expand the right to act by written consent.

The virtual meeting was led by Jacob Bernstein, Booz Allen’s Deputy General Counsel and Secretary, and Horacio Rozanski, the company’s Chairman and Chief Executive Officer. Bernstein said a quorum was present and that notice of the meeting and proxy materials had been mailed beginning June 11 to stockholders of record as of June 1.

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Shareholders Approve Management Proposals Catching Falling Knives: Is It Time to Buy These Beaten-Down Stocks?Rozanski said the board recommended that stockholders vote in favor of management proposals one, two and three, and against proposal four, which had been submitted by a stockholder. The transcript did not detail the substance of the first three proposals beyond noting that they were outlined in the company’s proxy statement.

After voting closed, Bernstein said the Inspector of Election had completed a preliminary tabulation. He reported that proposals one, two and three had been “duly approved” by stockholders, while proposal four had not been approved. Bernstein said the final vote tabulation would be filed with the Securities and Exchange Commission within four business days.

Written Consent Proposal Rejected Booz Allen Hamilton Earnings: 3 Bullish Signals for BAH StockProposal four was presented by John Chevedden, a private investor and shareholder proponent. Chevedden asked shareholders to support a proposal requesting that Booz Allen’s board take steps to permit shareholders to act by written consent with the minimum number of votes required to authorize an action at a meeting where all shareholders entitled to vote were present and voting.

Chevedden argued that the right to act by written consent would allow shareholders to put forward proposals on a timely basis without waiting for the next annual meeting. He said written consent is designed for issues with broad shareholder support and requires formal backing from a majority of all shares outstanding.

“Many companies incorrectly give the impression that written consent gives too much influence to a minority,” Chevedden said, adding that, in his view, a minority’s role would be limited to initiating a proposal capable of attracting broad support.

CEO Cites Technology Shifts and Market Uncertainty Following the formal portion of the meeting, Rozanski offered remarks on Booz Allen’s market positioning and operating environment. He said “American technology leadership has never been more important” and described Booz Allen’s work as focused on national security, homeland defense and essential civilian services.

Rozanski pointed to several technology and market trends, including the development of “agentic” artificial intelligence, increasingly autonomous cyber threats and the convergence of powerful technologies. He also said the government is placing greater emphasis on speed, commercial technology, outcome-based acquisition and accountability.

“Booz Allen has been advocating, preparing, and investing for these types of changes for years,” Rozanski said. He added that the company believes those shifts will be positive for the country, its customers, Booz Allen and its stockholders over time, while acknowledging that large-scale changes can create near-term uncertainty and disruption.

Fiscal 2026 Described as Challenging Rozanski said fiscal 2026, which ended March 31, reflected that uncertainty. He described the year as challenging, with results shaped by “significant market changes and a highly dynamic macro environment.”

He said the company focused on execution, investment and strategic transformation during the period. “As a result, Booz Allen is stronger than we were a year ago,” Rozanski said. “We are more focused, more agile, and better positioned to lead in a market defined by speed, accountability, and technology-driven outcomes.”

Rozanski said Booz Allen believes its investments in artificial intelligence, cyber, defense technology and next-generation technologies will drive “substantial shareholder value in the medium term.”

No stockholder questions were submitted during the meeting’s question-and-answer period, Bernstein said. Ernst & Young representatives Jill Wheeler and Caitlin Bell were present and available to respond to questions concerning the company’s financial statements, according to Rozanski.

About Booz Allen Hamilton (NYSE:BAH)Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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22.07.2026 16:28

Nadcházející výsledky Alphabetu patří k nejočekávanějším událostem tohoto týdne. Investoři budou vedle růstu tržeb a zisků sledovat především vývoj cloudového byznysu a známky toho, že masivní investice do umělé inteligence začínají přinášet odpovídající návratnost.

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Net sales increase 46%, while gross profit materially outpaces top-line growth, Company materially closer to cash-flow breakeven.

WEST SENECA, NY / ACCESS Newswire / July 22, 2026 / Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods markets, today reported preliminary and unaudited monthly financial performance demonstrating a meaningful improvement in the quality of its revenue growth. From April through June 2026, net sales increased approximately 46%, while gross profit increased approximately 132%, reflecting substantial gross-margin expansion and increasing gross-profit contribution from the Company's growing sales base.

Preliminary gross profit increased from approximately $310,000 in April to $720,000 in June, while net sales increased from approximately $1.43 million to $2.08 million. The Company has achieved a sustainable gross-margin running rate above 35% and expects to maintain or increase from this level.

Preliminary Monthly Financial Highlights

June net sales of approximately $2.08 million, up approximately 46% from April and 21% from May

June gross profit of approximately $720,000, up approximately 132% from April and 15% from May

Gross margin run rate now stable above 35% compared to 26% in Q1 2026.

Monthly gross profit increased by approximately $410,000 between April and June

Preliminary and unaudited

April 2026

May 2026

June 2026

April-to-June Growth

Net sales

$1.43 million

$1.73 million

$2.08 million

46%

Gross profit

$0.31 million

$0.63 million

$0.72 million

132%

Gross Profit Growth Materially Outpaces Net Sales

Worksport's preliminary monthly results demonstrate that the Company is generating substantially more gross profit as its sales base expands, alongside growing product adoption.

Between April and June, monthly net sales increased by approximately $650,000, while monthly gross profit increased by approximately $410,000. This performance reflects both continued top-line growth and a significant improvement in the amount of gross profit generated from each dollar of revenue.

June also demonstrated continued momentum from May. Net sales increased approximately 35% month over month, while gross profit increased approximately 9%, with gross profit continuing to outpace top-line growth.

The Company believes the combination of higher sales, improving gross margins and gross profit growing materially faster than revenue represents continued progress in the underlying economics of its business. The Company believes that a continuation of this trend will steer the Company into operational cash flow positivity, and then profitability, in the near-term.

"These preliminary results demonstrate that Worksport's growth is becoming increasingly productive," said Steven Rossi, Chief Executive Officer of Worksport. "From April to June, net sales increased approximately 46%, while gross profit increased approximately 132%. The business generated more sales, but more importantly, it generated substantially more gross profit from that growing revenue base."

"Our gross margin has improved by almost 1000 BPS from Q1 2026, even as monthly sales continued to expand. This is the type of operating progression we have been working toward: stronger sales, improving margins and gross profit growth that materially outpaces the top line. We believe the growth will only continue"

"Our focus remains on sustaining this momentum, continuing to scale our automotive business and converting our expanding gross-profit base into continued progress toward operational cash-flow positivity."

Strengthening Financial Contribution

Worksport believes this improvement in financial condition strengthens the value of continued revenue growth and positions the Company to generate greater financial contribution as it scales its existing automotive product portfolio and advances its broader product and commercialization strategy.

The Company expects to provide complete financial results for the second quarter of 2026 in its applicable filing with the U.S. Securities and Exchange Commission by about August 11, 2026.

The figures contained in this release are preliminary and unaudited, have not been reviewed by the Company's independent registered public accounting firm and remain subject to quarter-end accounting procedures and potential adjustments. Actual results may differ from the preliminary figures presented herein.

Stay tuned for more information and join our mailing list to stay up to date with the latest: Join Worksport's Newsletter

Contacts

Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 ext. 128

W: investors.worksport.com W: www.worksport.com E: [email protected]

Connect with Worksport Chief Executive Officer, Steven Rossi

Steven Rossi X (Twitter)

Steven Rossi LinkedIn

About Worksport

Worksport Ltd. (Nasdaq:WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy's website is terravisenergy.com.

Connect with Worksport

Please follow the Company's social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram, the links of which are links to external third-party websites, as well as sign up for the Company's newsletters at investors.worksport.com.

Social Media Disclaimer

The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company. Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission ("SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.

Forward-Looking Statements

The information contained herein may contain "forward‐looking statements." Forward‐looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "scheduled," "expect," "future," "intend," "plan," "project," "envisioned," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial situation may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; (iv) competition from other producers of similar products; and (v) with respect to any potential additional financing transactions, there can be no assurance that any such transactions will be consummated, and any such transactions would be subject to, among other things, market conditions, available shelf registration capacity, applicable regulatory requirements (including Nasdaq listing rules), negotiation and execution of definitive documentation on mutually acceptable terms, and approval by the Company's Board of Directors. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including, without limitation, our latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

SOURCE: Worksport Ltd.

AI Data Centers Need Power, and These 2 Industrials Are Cashing InGE Vernova NYSE: GEV raised its 2026 revenue and free cash flow outlook after reporting sharply higher second-quarter orders, expanded backlog and stronger margins, as management said demand for power generation and grid equipment continues to accelerate globally.

Chief Executive Officer Scott Strazik said the company is benefiting from what he described as the early stages of a multi-decade growth opportunity in the electric power industry. GE Vernova’s total backlog reached $176 billion at the end of the quarter, up $13 billion sequentially, with management saying it remains on track to reach $200 billion in 2027.

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MarketBeat Week in Review – 07/06 - 07/10“Our team is executing well as the demand for our solutions in power and electrification accelerates,” Strazik said. He noted that equipment orders more than doubled in the quarter, while service orders grew 15%.

Orders Rise 88% as Backlog Expands Chief Financial Officer Ken Parks said GE Vernova booked $24.2 billion of orders in the second quarter, an 88% year-over-year increase, with a book-to-bill ratio of slightly more than two times. Revenue rose 12%, including 14% growth in equipment revenue and 10% growth in services revenue.

GE Vernova’s Power Surge Turns the Grid Into an AI TradeAdjusted EBITDA increased 61% year-over-year to $1.2 billion, and adjusted EBITDA margin expanded 340 basis points. Parks attributed the margin improvement to more profitable volume, higher pricing and productivity gains that more than offset inflation.

Free cash flow was $5.1 billion in the quarter, up $4.9 billion from a year earlier. Parks said working capital provided a $6.4 billion cash benefit, mainly from higher down payments tied to increased orders and slot reservations in Power and higher orders in Electrification.

The company ended the quarter with approximately $13 billion in cash, up $3 billion from the end of the first quarter, after returning $2.5 billion to shareholders through dividends and share repurchases during the quarter. Under its $10 billion share repurchase program, GE Vernova has repurchased about $7 billion of stock, representing 12.4 million shares at an average price of $560 per share.

Power Segment Fueled by Gas Turbine Demand In Power, orders more than doubled, driven by Gas Power equipment orders that increased approximately four times year-over-year. GE Vernova shipped three gigawatts of gas equipment during the quarter while signing 20 gigawatts of orders and slot reservation agreements in markets including the U.S., Brazil and Qatar.

Strazik said the company’s total gigawatts under contract increased sequentially from 100 to 116 gigawatts, including orders for 52 heavy-duty units and 61 aeroderivative units in the quarter. He said more than half of the gigawatts under contract are for GE Vernova’s HA turbines, which are expected to run at baseload and support services growth in the next decade.

Power revenue increased 14%, and segment EBITDA margin expanded 320 basis points to 18.8%. Parks said the improvement was mainly driven by favorable pricing and higher volume, partially offset by inflation and expenses tied to capacity and research and development investments.

For the third quarter, GE Vernova expects Power revenue growth of 17% to 19% and EBITDA margin of approximately 17% to 18%.

Electrification Backlog Grows on Grid and Data Center Demand Electrification orders increased 66% year-over-year to approximately $6.3 billion, or about 1.7 times revenue, as demand grew for substations, switchgear and transformers. Parks said equipment orders growth was particularly strong in North America, rising approximately four times year-over-year.

Strazik said GE Vernova booked $2.7 billion of data center orders in Electrification during the second quarter, bringing first-half data center orders in the segment to more than $5 billion, more than double the full-year 2025 level. Electrification equipment backlog rose to $41 billion, up 69% from the second quarter of 2025.

Revenue in Electrification increased 68% on a reported basis, including the impact of Prolec, and 29% organically. Prolec contributed nearly $900 million of revenue in the quarter. Segment EBITDA more than doubled, with margin expanding 700 basis points to 18.4%.

For the third quarter, the company expects Electrification revenue of $3.8 billion to $4 billion and continued year-over-year EBITDA margin expansion, with margins modestly above second-quarter levels.

Wind Losses Continue, but Services Improve GE Vernova’s Wind segment remained under pressure. Orders declined 40%, mainly due to lower onshore equipment orders in North America, partially offset by higher services orders. Revenue declined 11%, reflecting lower onshore equipment deliveries, partly offset by higher onshore services and offshore revenue tied to Dogger Bank B activity.

Wind reported EBITDA losses of $275 million in the quarter, which Parks said was in line with expectations. The loss widened year-over-year because of lower onshore equipment deliveries and higher offshore project costs, partially offset by improved onshore services.

For the third quarter, management expects Wind revenue to decline at a low double-digit rate year-over-year, while EBITDA is expected to be approximately break-even. For the full year, GE Vernova continues to expect Wind EBITDA losses of about $400 million.

2026 Guidance Raised on Strong First Half GE Vernova raised its 2026 revenue outlook to $45.5 billion to $46.5 billion, up $1 billion from its previous forecast, citing additional growth in Electrification and Power. The company maintained its adjusted EBITDA margin guidance of 12% to 14%.

The company also increased its 2026 free cash flow guidance to $11.5 billion to $12.5 billion, up from a prior range of $6.5 billion to $7.5 billion. Parks said the higher forecast reflects stronger orders and down payments, along with higher adjusted EBITDA.

Power organic revenue is now expected to grow 18% to 20% in 2026, with EBITDA margins of 17% to 19%. Electrification revenue guidance was raised by $500 million to $14.5 billion to $15 billion, with EBITDA margins still expected at 18% to 20%. Wind organic revenue is still expected to decline at a low double-digit rate. During the question-and-answer session, Strazik said GE Vernova remains on track to increase Gas Power output from roughly three gigawatts per quarter to five gigawatts per quarter starting in the third quarter, reaching a 20-gigawatt annualized run rate. He said the company now sees an opportunity to reach 30 gigawatts of annual output in 2030 through lean initiatives, incremental machinery and use of existing factory space.

Strazik also said the company expects to end 2026 with at least 125 gigawatts under contract and that it is “mostly sold out” through 2030, with more than half of 2031 production slots expected to be contracted by year-end.

Management said GE Vernova continues to invest in capacity, research and development, robotics and automation. Strazik said the company completed the acquisition of Robotech Automation in early July, describing it as a small transaction that could help improve productivity across the business.

About GE Vernova (NYSE:GEV)GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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HomeIndustriesEnergyEarnings ResultsEarnings ResultsGE Vernova reported that its revenue in the quarter increased 22% year over year, to $11.1 billionJuly 22, 2026, 9:26 a.m. ET

Shares of GE Vernova declined in premarket trading after the energy company missed analysts’ expectations for earnings per share.

The Cambridge, Mass.-headquartered company reported EPS of $2.47 in its second quarter, falling short of the Wall Street consensus for $3.04.

About the Author

Nora Redmond is a MarketWatch reporter based in London.

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Rogers Communication (RCI - Free Report) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.8 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +3.75%. A quarter ago, it was expected that this communications and media company would post earnings of $0.73 per share when it actually produced earnings of $0.74, delivering a surprise of +1.37%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Rogers Communication, which belongs to the Zacks Diversified Communication Services industry, posted revenues of $4.06 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.45%. This compares to year-ago revenues of $3.77 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Rogers Communication shares have lost about 8.9% since the beginning of the year versus the S&P 500's gain of 9.7%.

What's Next for Rogers Communication?While Rogers Communication has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Rogers Communication was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.86 on $3.86 billion in revenues for the coming quarter and $3.36 on $16.15 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Diversified Communication Services is currently in the bottom 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Liberty Global Ltd (LBTYA - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 24.

This company is expected to post quarterly loss of $0.31 per share in its upcoming report, which represents a year-over-year change of +96.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Liberty Global Ltd's revenues are expected to be $1.3 billion, up 2.4% from the year-ago quarter.

Hut 8 Today

$111.79 +2.81 (+2.58%)

As of 10:26 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$18.68▼

$140.80Price Target$121.26

When artificial intelligence (AI) models scale, they require an astonishing amount of electricity. Silicon Valley can design the fastest chips in the world, but without the physical power grid to turn them on, those chips are completely sidelined.

That reality is actively repricing the digital infrastructure market, and savvy market participants are watching a wealth transfer unfold from software developers to energy landlords.

Get Hut 8 alerts:

Hut 8 NASDAQ: HUT just provided a textbook example of this structural shift, securing a 15-year, $9.8 billion mega-lease that fundamentally alters the enterprise's valuation profile.

Flipping the Switch on a $9.8B LeaseThe immediate catalyst driving Hut 8's shares up 16% in recent trading sessions is the commercialization of its Beacon Point campus in Nueces County, Texas. Hut 8 locked down a second triple-net lease for 352 megawatts of IT capacity.

For those evaluating commercial real estate mechanics, a triple-net lease requires the tenant to cover all property expenses, including taxes, insurance, and maintenance. This specific structure protects the landlord's profit margins and creates highly predictable, utility-like cash flows.

The tenant, an unnamed high-investment-grade enterprise that also executed the Phase 1 lease, has now doubled its contracted footprint at the Texas site to 704 megawatts. By designing the second phase of this data hall around NVIDIA's NASDAQ: NVDA DSX reference architecture, Hut 8 is explicitly building for gigawatt-scale AI infrastructure.

Traditional data centers typically run rack power densities of 10 to 15 kilowatts. Artificial intelligence processing generates substantially more heat and requires specialized rack densities that frequently exceed 40 kilowatts. Designing specifically for NVIDIA infrastructure ensures the real estate commands top-tier premium pricing.

This transaction effectively transforms Hut 8 into an energy arbitrageur. The infrastructure provider is taking raw, low-cost utility interconnects in Texas and packaging them into specialized, high-margin hyperscaler real estate. The base-term contract value for the full 1,000-megawatt campus now stands at $19.6 billion. If the tenant exercises all three of its five-year renewal options, the gross campus-level contract value could scale to $50.2 billion.

Short-Circuiting the Crypto CyclesUnderstanding this transition requires examining the legacy business model closely. For years, Bitcoin (BTC) mining stocks traded as high-beta proxies for the broader cryptocurrency market. When digital asset prices fell, the related equities suffered heavy institutional selling.

The first-quarter 2026 earnings report from Hut 8 highlighted this exact financial vulnerability. Despite revenue of $139.31 million, which beat consensus estimates, the company reported an earnings-per-share loss of $1.98. The primary culprit was a $295.7 million unrealized loss on digital assets held on the balance sheet.

That extreme cyclicality makes it difficult for traditional institutional investors to underwrite long-term cash flow models. The Beacon Point transaction changes that calculus entirely. With total contracted IT capacity across the AI data center portfolio reaching 949 megawatts, management expects average annual net operating income to exceed $1.75 billion upon full stabilization.

By securing long-term revenue streams backed by high-investment-grade counterparties, the operational business begins to decouple from Bitcoin's price. The legacy crypto treasury will continue to cause short-term balance-sheet friction, but the underlying business is rapidly transitioning to a highly dependable cash-generating utility model.

Why Power Is the Ultimate AI ChokepointTo grasp why hyperscalers are willing to sign $9.8 billion leases, investors must look at the broader macroeconomic picture. Compute hardware is no longer the primary chokepoint of the artificial intelligence revolution. Raw power access holds that title today. Training next-generation large language models requires gigawatt-level infrastructure, and the domestic power grid is struggling to meet that immediate demand.

Companies that previously secured large utility interconnects for cryptocurrency mining find themselves holding the exact asset Big Tech desperately needs. We are seeing this theme validate itself across the entire sector. TeraWulf NASDAQ: WULF recently achieved a market capitalization of approximately $9 billion to $10 billion after securing an AI infrastructure deal. Core Scientific NASDAQ: CORZ currently trades at a $7.1 billion valuation, driven by high-density colocation demand.

Hut 8 holds a distinct competitive advantage through pure scale. Offering 1,000 megawatts of utility capacity at a single location under an interconnection agreement with AEP Texas creates a formidable economic moat. It saves hyperscalers the logistical nightmare of distributing their compute clusters across dozens of smaller, fragmented data centers.

Fast-Tracking the Greenfield GridThe velocity of this transition is equally compelling. Management noted that Hut 8 took the Beacon Point greenfield site from its very first lease to full commercialization in a matter of months. That aggressive timeline signals a clear intent to apply this exact origination and delivery model across the remaining development pipeline.

The executive team is also utilizing strategic financial engineering to support the equity value during this transition phase. Hut 8 recently initiated a $250 million stock repurchase program, targeting up to 5% of the outstanding common stock. Retiring shares before the anticipated 2028 cash flows from Phase 2 hit the balance sheet is a highly accretive move for long-term shareholders.

Options market data reflects the magnitude of this corporate pivot. Implied volatility remains elevated in the 113% to 115% range, with single-session call volume frequently spiking well above historical averages. While short interest remains relatively healthy at roughly 12.5% of the float, the fundamental shift toward long-term real estate contracts limits the downside thesis for bearish traders. Insider trading data shows $12.2 million in executive sales over the trailing 90 days. This warrants mild observation, though it likely reflects standard portfolio rebalancing after a 120% year-to-date run rather than a lack of conviction in the forward-looking cash flows.

Powering Up a Long-Term TransitionThe execution of this second mega-lease proves that energy infrastructure platforms can successfully reposition themselves at the very top of the artificial intelligence food chain. By converting legacy power agreements into high-margin, long-term contracts, Hut 8 is building a financial profile more like that of a premier commercial real estate investment trust than a volatile crypto miner.

Those navigating the digital infrastructure sector might want to monitor how quickly the new lease revenues eclipse the legacy digital asset balance sheet. The real test will be the initial energization scheduled for early 2027 and the expected Phase 2 data hall delivery in 2028.

Investors with a long-term time horizon may consider evaluating Hut 8 as a pure-play energy arbitrage asset. However, cautious market participants should remain aware of the short-term earnings volatility tied to the remaining cryptocurrency exposure.

Should You Invest $1,000 in Hut 8 Right Now?Before you consider Hut 8, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hut 8 wasn't on the list.

While Hut 8 currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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LIVINGSTON, N.J.--(BUSINESS WIRE)--CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™, today announced Anam, the Interactive Avatar platform for adding a face to your agent, has selected CoreWeave Cloud to power the development of AI agents, combining photorealistic quality with sub-second response times and API-first deployment. Anam builds interactive avatars designed for face-to-face conversational experiences, where latency measured in milliseconds determines whether an interaction.

CoreWeave (NASDAQ: CRWV) stock’s latest recovery in an otherwise red month led to the equity’s first positive Wall Street rating since July 2.

Specifically, describing the former cryptocurrency miner as a ‘pioneer and leader’ in the sector focused on purpose-built artificial intelligence (AI) infrastructure, Baird’s Rob Oliver initiated coverage of the neocloud with a ‘Buy’ rating and a $100 price target, effectively forecasting CRWV shares would soar 25.66% from $79.58 at the latest close in the next 12 months.

Additionally, the analyst reflected on the ongoing concerns over the supply-side of building AI infrastructure – arguably a major reason for the 20.05% CoreWeave stock drop in June – by explaining it highlights ‘the importance of execution at a time when demand far outpaces supply.’

CoreWeave stock price one-month price chart. Source: Google Why CoreWeave stock crashed in July Indeed, recent months brought multiple developments leading many investors, observers, and institutional experts to begin wondering if the AI ‘boom’ not only turned into a ‘bubble,’ but is also already bursting.

Along with questions regarding how many of the Blackwells Nvidia (NASDAQ: NVDA) reported selling are actually in use amidst data center construction setbacks, pricing changes for GitHub Copilot led to a strong backlash and a flurry of adjustments from most prominent companies within the space.

Additionally, the fact that Google’s (NASDAQ: GOOGL) claims that AI revenue and profits were limited by supply was followed by both SpaceX (NASDAQ: SPCX) and Meta Platforms (NASDAQ: META) having sufficient compute to begin renting it out made the situation even more curious.

Finally, the matter was further exacerbated by the apparent concentration of demand, with Anthropic being a buyer of Elon Musk’s capacity and in talks with Mark Zuckerberg’s firm over its data centers.

Still, Google also paying SpaceX for compute appears to confirm the constraint comments the firm made earlier in 2026.

Analysts predict CoreWeave stock price in the next 12 months Elsewhere, though investors were evidently troubled by developments in the AI industry given CoreWeave’s 20.05% July drop from $99.54 to $79.58, Wall Street appears to have remained confident. 

Overall, CRWV stock is considered a ‘Moderate Buy’ and boasts 12 positive, 9 ‘Neutral,’ and 1 ‘Sell’ recommendation, per the data Finbold retrieved from TipRanks on July 22.

Wall Street sets CoreWeave stock price target for the next 12 months. Source: TipRanks Furthermore, institutional analysts appear to believe CoreWeave shares’ performance in the coming 12 months will shift substantially from the previous 52 weeks – a period in which they crashed 38.68% – considering the average forecast calls for a 64.89% rise to $131.22.

Featured image via Shutterstock

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For a company that prides itself on the stablecoin it developed and manages, Circle Internet Group's (CRCL -3.94%) stock has been anything but stable lately. The recent slump in the shares has clearly appealed to the contrarian instincts of top institutional investor Cathie Wood and her Ark Invest team, as they loaded up on Circle shares last week.

These buys totaled $14 million, a considerable sum. Let's take a closer look at this and identify one very attractive quality about Circle stock that's sustaining its bulls.

ARK Investment Management CEO Cathie Wood. Image source: Getty Images.

Unbroken Circle Last Tuesday, Ark Invest added to its existing pile of Circle stock with several new buys totaling 220,012 shares, valued at roughly $13.9 million.

These purchases were spread among three Ark exchange-traded funds (ETFs), with the Ark Innovation ETF taking 159,517 shares, the Ark Next Generation ETF gaining 42,400, and the Ark Blockchain & Fintech Innovation ETF absorbing 18,095.

Ark Invest already held Circle positions in the three ETFs. As of market close on Friday, July 17, with the latest additions, these had grown to:

ETFCRCL holding sizeCRCL weight in portfolioArk Innovation$154 million2.6%Ark Next Generation$54 million3.3%Ark Blockchain & Fintech Innovation$28 million3.2% Data source: cathiesark.com.

Wood and her team are placing what some would consider a risky bet with Circle.

The company's stock has been in the doldrums lately for understandable reasons -- cryptocurrencies have fallen out of favor with investors, and that gloomy sentiment has even seeped into stablecoins (like Circle's USDC), which are pegged to fiat currencies.

On top of that, a formidable consortium of large companies, including Visa and -- somewhat oddly, given that it's the primary manager of the Circle Reserve Fund -- BlackRock, is teaming up on a stablecoin called Open USD that will rival USDC. It's slated for official public launch in the fall.

But recently, a development with Circle has made it significantly more competitive.

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Trusted by the Feds Earlier this month, Circle won approval from U.S. federal regulator, the Office of the Comptroller of the Currency (OCC), to establish a national trust bank. For those unfamiliar with banking arcana, a national trust bank is an institution that focuses squarely on managing and safekeeping financial assets.

This could be quite a boon for Circle.

With such an institution under its management, it'll potentially be able to park the sizable U.S. government bond reserve that comprises the Reserve Fund without paying burdensome fees to third parties for the service. And with the OCC as a direct federal regulator of this business, it'll further legitimize stablecoins -- particularly USDC -- as financial instruments

Wood hasn't yet publicly explained her team's rationale for doubling down on Circle, so we can't be sure the charter is a major reason. Either way, it's a strongly favorable development for the company, and it could be a strong driver of its growth in the coming quarters and years.

OSHKOSH, Wis.--(BUSINESS WIRE)-- #AIRO--EAA AirVenture — Aspen Avionics and AIRO Group, a leading manufacturer of advanced avionics for general aviation, today announced jointly the appointment of Richard "Rich" Cimino as Vice President of Engineering, effective July 27, 2026.Cimino, based at AIRO's manufacturing facility in Phoenix, Arizona, will be responsible for leading engineering strategy and execution at Aspen Avionics, as well as engineering initiatives across AIRO's US-based drone business. He.

22.7.2026 16:14, T, AMD, COF, PM, GOOGL, GEV

Index Dow Jones +0,52 % na 52498,58 b. S&P 500 +0,11 % na 7517,66 b. Nasdaq Composite -0,17 % na 25793,08 b.

Wall Street se v úvodu seance obchoduje ve smíšených číslech. Investoři zaujímají opatrný postoj před výsledky technologických společností. Dnes po konci obchodování budou reportovat společnosti Alphabet, Tesla, IBM a ServiceNow.

Investory zaujala rovněž zpráva Wall Street Journal, podle které společnost AMD uzavřela se společností Anthopic kontrakt na dodávku AI serverů v hodnotě několik desítek miliard dolarů.

Dnes před otevřením trhu reportovala výsledky řada společnosti, příkladem je Philip Morris International, GE Vernova a AT&T.

Americká tabáková společnost překonala tržní predikce napříč hlavními ukazateli. Tržby poprvé překonaly hranici 11 mld. USD. Celoroční výhled očištěného zisku na akcii společnost mírně snížila, a to prakticky výhradně kvůli měnovým vlivům.

Co se týče výsledků amerického výrobce energetického zařízení GE Vernova. Její divize energetiky a elektrifikace nadále těží z rychle rostoucí poptávky spojené mimo jiné s výstavbou datových center a modernizací rozvodných sítí, přičemž větrná energetika zůstává ztrátová. Díky silnému přílivu objednávek, expanzi marží a výrazné tvorbě hotovosti společnost navýšila svůj celoroční výhled pro rok 2026.

Telekomunikační operátor AT&T reportoval výsledky za 2Q. Čistý přírůstek postpaid mobilních zákazníků překonal průměrný odhad analytiků. Nad očekávání byl rovněž reportován očištěný zisk na akcii a očištěný zisk EBITDA.

Index S&P 500 +0,11 % na 7517,66 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Základní materiály +1,5 % Informační technologie -0,4 % Utility +1,4 % Reality 0 % Energie +1,3 % Zdravotní péče +0,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Super Micro Computer (SMCI) +23 % TE Connectivity (TEL) -7,3 % Westinghouse Air Brake Technologies Corp (WAB) +11 % GE Vernova (GEV) -6,4 % Dell Technologies (DELL) +9,7 % DoorDash (DASH) -3,9 % CME Group (CME) +7,2 % AppLovin Corp (APP) -3,5 % Hewlett Packard Enterprise (HPE) +6,0 % Datadog (DDOG) -3,5 % Zdroj: Bloomberg

Jakub Němec
Fio banka, a.s.
Prohlášení

Equinor ASA (EQNR) Q2 2026 Earnings Call Transcript

DALLAS, July 22, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST; SATA) ("Strive" or the "Company"), one of the world's largest corporate holders of bitcoin, today announced its Bitcoin Stewardship Commitment, founded on the belief that institutions benefiting from Bitcoin should increasingly share responsibility for preserving the network that makes Bitcoin possible.

Wall Street’s love affair with SanDisk (NASDAQ:SNDK | SNDK Price Prediction) has reached a fever pitch, yet Reddit has gone eerily quiet. Shares closed at $1,589 on Tuesday after a 14% single-day pop, but the stock is still down 27% over the past month and almost 10% on the week. SanDisk, the NAND flash pure play spun out of Western Digital in February 2025, has surged over 569% year to date and 3,720% over the past year.

The catalyst is clear. Q3 FY2026 revenue hit $5.95 billion, up 251% year over year, with the Datacenter segment alone up 645% as hyperscalers race to secure NAND capacity for AI inference. EPS of $23.41 trounced the $14.66 consensus, and CEO David Goeckeler retired $650 million in debt to reach a zero-debt balance sheet.

Analyst Consensus Is Bullish The $2,197.32 consensus price target is well above the current price, and the ratings breakdown is overwhelmingly bullish. Forward P/E has compressed to 21 on projected earnings power, and operating margin runs at 70%. Institutional ownership stands near 81%. Bernstein reportedly set a $3,000 price target on the stock, a figure a Reddit user cited when explaining a purchase.

Reddit Sentiment Tells a Different Story Currently, SanDisk’s Reddit sentiment score registers 58 (neutral) with an activity score of just 13, categorized as low. The most-upvoted post came from user kharkovchanin, who wrote: “Bought SanDisk (SNDK) at $2,330. Did I mess up buying the top or is this just a healthy pullback?” (r/stocks). It drew 596 upvotes and 593 comments, after which discussion collapsed.

Retail options flow has skewed toward puts, including a widely shared “SNDK 0DTE $2,175 put GAINS” post from late June. r/options traders remain bullish (sentiment 72-78), but that community is tiny relative to r/stocks. Activity has cratered from a peak score of 51 on July 2 to 12-17 over the past week. Error: Invalid chart data JSON

Micron Has the Retail Buzz SanDisk Lacks Peer Micron Technology (NASDAQ:MU) draws far heavier retail chatter despite a smaller percentage move, suggesting SanDisk’s obscurity stems from its short public history rather than weaker fundamentals. Watch SanDisk’s Q4 earnings report and the two additional New Business Model contracts management flagged for the quarter, with guidance calling for $7.75 billion to $8.25 billion in revenue and $30 to $33 in EPS. If retail hasn’t found this story by then, it may never.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SanDisk didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Key Takeaways SNDK is benefiting from AI-driven demand for NAND storage and advancing enterprise memory products.WDC is seeing strong cloud and AI demand, boosting adoption of high-capacity data center storage.CIEN is expanding AI networking with hyperscaler wins and raised its fiscal 2026 revenue outlook. The astonishing rally of the artificial intelligence (AI) trade has been suffering from persistent volatility over the past month. Extremely overstretched valuation of these stocks, unabated inflationary pressure due to fluctuations in crude oil prices resulting from geopolitical conflicts in the Middle East and growing expectations of a 25-basis point hike in the benchmark interest rate by the Fed in September are the primary reasons for recent AI trade volatility. 

Nonetheless, we have identified three AI behemoths with a top Zacks Rank that are currently trading at a significant discount from their 52-week high price. Moreover, these stocks have huge price upside potential in the short term.

The stocks are: Sandisk Corp. (SNDK - Free Report) , Western Digital Corp. (WDC - Free Report) and Ciena Corp. (CIEN - Free Report) . Each of our picks currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our three picks in the past month.

Image Source: Zacks Investment Research

Sandisk Corp.Sandisk — a leading flash and advanced memory technology innovator — is set to maintain its astonishing momentum. SNDK has benefited from the structural shift toward AI computing, which requires significantly more NAND flash storage per deployment compared with traditional workloads. 

AI training models and inference applications generate massive data volumes that demand high-performance enterprise solid-state drives, while edge devices need greater storage capacity to support on-device AI features. 

This creates a favorable demand environment where SNDK can command premium pricing for its advanced technology products while maintaining disciplined supply allocation. SNDK’s BiCS8 quad-level cell storage product continues to advance through qualification with two major hyperscalers. The extended joint venture agreement with Kioxia Corporation through December 2034 positions Sandisk favorably in the AI memory and storage space. 

Sandisk has an expected revenue and earnings growth rate of more than 100%, each for the current year (ending June 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 0.6% over the last 30 days.

Massive Short-Term Price Upside PotentialSandisk is currently trading at a 32.5% discount to its 52-week high price of $2,354.39 recorded on June 22. The short-term average price target of brokerage firms represents an increase of 49.8% from the last closing price of $1,589.40. The brokerage target price is currently in the range of $1,000-$3,250. This indicates a maximum upside of 104.5% and a maximum downside of 37.1%. The risk/reward ratio is highly favorable 1:2.82. 

Western Digital Corp.Western Digital has been witnessing strong execution amid intensified cloud and AI demand. WDC saw strong data center demand and increased adoption of high-capacity hard disk drives (HDDs). This reflects its ability to scale reliable, high-capacity storage solutions to meet the needs of the AI-driven data economy.

As AI and cloud adoption accelerate, demand for higher-density storage continues to rise. WDC is meeting this demand through close collaboration with hyperscalers, delivering reliable, high-capacity drives at scale with strong performance and total cost of ownership.

Western Digital has an expected revenue and earnings growth rate of 38.1% and 85.1%, respectively, for the current year (ending June 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 1.8% over the last 30 days.

Solid Short-Term Price Upside PotentialWestern Digital is currently trading at a 31.4% discount to its 52-week high price of $799.87 recorded on June 18. The short-term average price target of brokerage firms represents an increase of 16.4% from the last closing price of $548.39. The brokerage target price is currently in the range of $450-$1.050. This indicates a maximum upside of 91.5% and a maximum downside of 17.9%. The risk/reward ratio is extremely favorable 1:5.1. 

Ciena Corp.Ciena is well poised to benefit from AI-led demand for optical networking across cloud and service providers and a growing backlog despite ongoing supply woes. Expanding bandwidth needs, rising data center interconnect activity and solid uptake of coherent optical technologies bode well. 

Ciena's revenues are primarily generated from packet optical transport, switching products, integrated networks and software platforms. CIEN continues to diversify its footprint in data center connectivity and AI networking infrastructure. Management reported new hyperscaler wins for coherent modules, additional DCOM customer engagements and continued demand for 400G and 800G pluggables.

Strong traction in Hyper-Rail, DCOM and coherent modules reinforces CIEN’s position in high-speed connectivity and broadens its opportunities across WAN and data center environments. CIEN is also driving operating leverage through higher margins, earnings and cash flow. CIEN raised its fiscal 2026 revenue outlook to $6.3 billion, up 32% at the midpoint.

Ciena has an expected revenue and earnings growth rate of 32.4% and more than 100%, respectively, for the current year (ending October 2026). The Zacks Consensus Estimate for the current year’s earnings has improved 5.8% in the last 60 days.

Robust Short-Term Price Upside PotentialCiena is currently trading at a 35.9% discount to its 52-week high price of $637.51 recorded on June 3. The short-term average price target of brokerage firms represents an increase of 45.5% from the last closing price of $408.73. The brokerage target price is currently in the range of $450-$720. This indicates a maximum upside of 76.2% and no downside. The risk/reward ratio is extremely favorable. 

Awards Across Ground Systems, Border Security, Aerial Security, ISR and Precision-Strike Technologies Demonstrate Broad-Based Customer Demand

Broad-Based Order Momentum Demonstrates Continued Execution of Ondas' Strategic Growth Plan and Growing Demand for Autonomous Defense Systems

WEST PALM BEACH, FL / ACCESS Newswire / July 22, 2026 / Ondas Inc. (Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous systems and next-generation defense and security technologies, announced today that it has secured $70 million in new orders during the past four weeks across its defense, security and autonomous technology platform.

The orders span a broad range of Ondas' core technology segments, including unmanned ground systems, border security and protection technologies, counter-unmanned aircraft systems ("C-UAS"), intelligence, surveillance and reconnaissance ("ISR") systems, and autonomous precision-strike capabilities. The orders include awards for new systems, expanded customer programs and additional operational capabilities, including the recently announced $6.9 million order for Ondas' C-UAS systems in Australia. Ondas believes the pace and breadth of the awards demonstrate growing demand for autonomous defense technologies and provide further evidence that the Company's strategic growth plan is translating into increased customer adoption, larger programs and expanding market access.

"Securing $70 million in new orders in the past four weeks is a strong demonstration of our execution on the substantial demand pipeline at Ondas and the leveraging of our strengthening global operating platform," said Eric Brock, Chairman and CEO of Ondas. "These awards reflect the commercial value of the global operating platform we are building and our ability to convert a growing pipeline of opportunities into meaningful customer programs."

"The orders also demonstrate the breadth of the Ondas platform," Brock continued. "They extend beyond a single product or mission and include ground systems, border security, counter-UAS, ISR and precision-strike technologies. We believe this broad-based demand validates our strategy of integrating differentiated technologies, engineering capabilities, manufacturing resources and customer access into a unified defense technology company."

Ondas is building a scaled defense and security technology company capable of addressing increasingly complex operational requirements across air and ground environments. The Company is executing this strategy by combining specialized autonomous technologies with shared engineering resources, manufacturing capacity, operational expertise, customer relationships, supply-chain capabilities and deployment support. Ondas believes this integrated operating model enables each technology segment to grow faster, reach additional customers and compete for larger programs.

The recent awards demonstrate demand across several complementary mission areas. The Company's unmanned ground systems are designed to support defense, security, engineering, logistics and other operations in hazardous and contested environments. These autonomous and remotely operated platforms can reduce risk to personnel while expanding the ability of defense and security organizations to perform complex ground missions.

Ondas believes the recent awards further strengthen its visibility into future production, delivery and deployment activity. The Company is continuing to expand manufacturing capacity, integrate acquired technologies and increase field-support resources to meet growing customer requirements. The orders also demonstrate how Ondas' strategic growth plan is creating commercial and operational synergies across the Company. Technologies developed within one part of Ondas can gain access to additional markets, customers and manufacturing resources through the broader platform, while customers can procure a wider range of complementary technologies from a single trusted provider.

About Ondas Inc.

Ondas Inc. (Nasdaq:ONDS) is a leading provider of autonomous systems, robotics, and mission-critical technologies for defense, homeland security, public safety, critical infrastructure, and industrial markets. The Company develops and deploys integrated unmanned and autonomous platforms across air, ground, and stratospheric environments, including autonomous drone systems, counter-UAS technologies, robotic ground systems, advanced unmanned aircraft and propulsion solutions, demining and engineering systems, and integrated sensing and communications technologies designed to support intelligence, surveillance, reconnaissance, security, and operational missions in complex environments. Ondas' solutions are deployed globally by government, defense, and commercial customers to protect infrastructure, borders, transportation networks, personnel, and strategic assets.

For additional information on Ondas Inc., visit www.ondas.com.

Forward-Looking Statements

Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.

Contacts:

IR Contact for Ondas Inc.
888-657-2377
[email protected]

Media Contact for Ondas Inc.
Escalate PR
[email protected]
Preston Grimes
Marketing Manager, Ondas Inc.
[email protected]

SOURCE: Ondas Inc.

The Red Flags: How Futu Holdings Allegedly Concealed a Looming RMB 1.85 Billion CSRC Penalty While Publicly Touting Record Client Growth and Revenue Gains

, /PRNewswire/ -- Levi & Korsinsky, LLP announces that a securities class action has been filed against Futu Holdings Limited (NASDAQ: FUTU).

YOU MAY BE AFFECTED IF YOU:

Purchased FUTU stock between May 24, 2023 and May 27, 2026 Lost money on your Futu Holdings investment Submit your information to recover losses or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.

FUTU shares collapsed $34.10 per share on May 22, 2026, a 27.5% single-session loss, after the CSRC proposed penalties totaling approximately RMB 1.85 billion (USD 271 million). The lead plaintiff deadline is August 25, 2026.

What They Allegedly Knew

The CSRC publicly announced in December 2022 that Futu had been conducting cross-border securities business with mainland Chinese investors without regulatory consent. The Company was banned from opening new accounts for mainland investors and from soliciting new mainland business. By May 2023, the Futubull app was removed from Chinese app stores.

Despite these extraordinary regulatory actions, management continued issuing quarterly press releases highlighting accelerating client growth, surging trading volumes, and rising revenues throughout the Class Period. The lawsuit contends that executives knew their mainland China operations lacked the requisite CSRC licenses for securities, public fund sales, and futures business, yet presented financial results that included revenue derived from those allegedly illegal activities.

The Red Flags That Emerged

The complaint chronicles a pattern of warning signs that allegedly should have prompted more specific disclosure to shareholders:

The December 2022 CSRC statement explicitly identified Futu's cross-border operations as conducted "without regulatory consent" The Futubull app was pulled from mainland Chinese app stores in May 2023, confirming active regulatory enforcement SEC filings acknowledged the Company "does not hold any license or permit for providing securities brokerage services in Mainland China" Annual reports admitted rectification measures offered "no assurance" of satisfying the CSRC Despite these admissions, the Company continued reporting paying client increases of 15% to 41% year-over-year across successive quarters No provision or accrual for potential penalties appeared in financial statements until after the CSRC notification letter arrived in May 2026 Inside Knowledge vs. Public Statements

The securities action asserts that a stark gap existed between what the Company disclosed in boilerplate risk factors and what it knew about the severity of its regulatory exposure. While SEC filings used speculative language such as "if the CSRC pursues further regulatory actions" and "we have limited information to accurately predict," the complaint alleges the Company was actively operating businesses it knew required licenses it did not possess. The proposed penalty of RMB 1.85 billion, including confiscation of RMB 470 million in "illegal gains," suggests the scope of the unlicensed activity was substantial and quantifiable throughout the Class Period.

"The timeline raises important questions about when certain risks were known internally versus when they were disclosed to the investing public. For over three years, Futu reported record operational metrics while allegedly operating without required Chinese regulatory licenses." -- Joseph E. Levi, Esq.

Act now to protect your rights or call (212) 363-7500.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

Frequently Asked Questions About the FUTU Lawsuit

Q: When did Futu Holdings allegedly mislead investors? A: The class period runs from May 24, 2023 to May 27, 2026. The alleged fraud was revealed through corrective disclosures on May 22, 2026, when Reuters reported the CSRC crackdown and Futu confirmed receiving a notification letter proposing RMB 1.85 billion in penalties, and again on May 28, 2026, when Q1 2026 results reflected the proposed penalties.

Q: What specific misstatements does the FUTU lawsuit allege? A: The complaint alleges Futu made materially false or misleading statements regarding its regulatory compliance status, failing to disclose that it continued to conduct securities, public fund sales, and futures business in mainland China without required CSRC licenses, and that its reported financial results were overstated as a result.

Q: What do FUTU investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible as a class member.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my FUTU shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.

Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of investor's country of residence.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (212) 363-7500

Fax: (212) 363-7171

SOURCE Levi & Korsinsky, LLP

Initial Mod-1 CFM56 Aeroderivative Unit Orders Represent Substantial Portion of Targeted 2027 Deliveries Initial Mod-1 CFM56 Aeroderivative Unit Orders Represent Substantial Portion of Targeted 2027 Deliveries

Engineering milestone evidences continued maturation of the KRONOS MMR™ Energy System, reducing technical risk while supporting advancement toward future first-of-a-kind deployment, component standardization, and commercialization.

New York, New York and Ollioules, France--(Newsfile Corp. - July 22, 2026) - NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or "the Company"), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, today announced its advancement of a strategic engineering collaboration with internationally recognized engineering and consulting firm Fortil, related to the design of the Fuel Handling & Storage System for the Company's proprietary KRONOS MMR™ Energy System.

The Fuel Handling & Storage System is a critical subsystem that is an essential part of the KRONOS MMR™ architecture, supporting the safe handling, storage, and management of nuclear fuel throughout reactor operations. Under the collaboration with NANO Nuclear's engineering team, Fortil's dedicated nuclear engineering team is responsible for the multidisciplinary engineering and design of the subsystem, leveraging expertise across mechanical engineering, systems engineering, nuclear safety, instrumentation and control, and radiation protection.

Fortil has extensive experience delivering multidisciplinary engineering services for the nuclear energy industry. The collaboration leverages Fortil's expertise in nuclear engineering, systems integration, and specialized fuel handling solutions to accelerate the development of a robust, integrated fuel handling system supporting the KRONOS MMR™ as it progresses toward commercialization and deployment.

The collaboration has now reached a notable engineering milestone with conceptual design activities near conclusion. This milestone establishes the technical basis for the Fuel Handling & Storage System by evaluating engineering solutions against program requirements, defining key subsystem interfaces, and producing the engineering documentation that will guide subsequent development activities. Collectively, this work reduces technical risk, supports future first-of-a-kind deployment, and establishes an engineering framework capable of supporting standardized future commercial deployments.

Figure 1 - NANO Nuclear Energy Inc. and Fortil Advance Engineering Collaboration for the KRONOS MMR™ Fuel Handling & Storage System

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11703/306064_b089b54ba41a887b_003full.jpg

Building upon this milestone, NANO Nuclear and Fortil expect to commence preliminary design activities, where the validated engineering approach is further developed through increased analytical detail, subsystem integration, and engineering refinement.

This engineering milestone follows significant recent regulatory progress for the KRONOS MMR™. Earlier this year, the U.S. Nuclear Regulatory Commission ("NRC") formally accepted the Construction Permit Application for deployment of the KRONOS MMR™ at the University of Illinois Urbana-Champaign for review and subsequently initiated formal review activities, providing additional clarity regarding the anticipated licensing schedule. NANO Nuclear believes the current review schedule provides the opportunity to begin initial construction activities during the second half of 2027, subject to regulatory approvals and customary project requirements.

The Company also believes the KRONOS MMR™ remains the first commercially-ready microreactor program to reach this stage of the U.S. NRC licensing process, reflecting continued progress across both regulatory and engineering activities as the program advances toward commercialization.

James Walker, Chief Executive Officer of NANO Nuclear Energy, said: "The successful commercialization of advanced nuclear technology depends upon disciplined engineering execution alongside continued regulatory progress. Our collaboration with Fortil on the Fuel Handling & Storage System represents another important milestone in advancing the KRONOS MMR™ program and further strengthens the technical foundation supporting future deployment. As this critical subsystem progresses from conceptual design into preliminary design, we continue to mature the reactor architecture, systematically reduce technical risk and build the engineering basis necessary to support future licensing, construction and commercialization."

Jay Yu, Founder and Chairman of NANO Nuclear Energy, added: " NANO Nuclear's strategy remains centered on building KRONOS through disciplined engineering development, strategic partnerships and proactive regulatory engagement. Our continued collaboration with Fortil reflects this strategy by bringing together complementary expertise to advance a key reactor subsystem. We believe each engineering milestone further strengthens the commercial readiness of the KRONOS MMR™ while continuing to build the industrial ecosystem necessary to support first-of-a-kind deployment and subsequent commercial deployments."

Bosko Jovanovic, Head of Nuclear Development of Fortil, added: "Our collaboration with NANO Nuclear marks an important step forward and a meaningful consolidation of Fortil's nuclear development. By bringing together our multidisciplinary engineering expertise and NANO Nuclear's advanced reactor design, we are strengthening our position in the nuclear energy sector and building the long-term capabilities required to support ambitious, first-of-a-kind programs such as the KRONOS MMR™. We are proud to deepen this collaboration and to contribute to a technology that will play a key role in the future of clean energy."

Jeremy La Sala, Nuclear Projects Manager of Fortil, added: "We are proud to continue advancing our collaboration with NANO Nuclear on the KRONOS MMR™. The Fuel Handling & Storage System is a critical and complex subsystem requiring close integration across multiple engineering disciplines, rigorous systems engineering and a strong focus on nuclear safety. Our team is committed to delivering robust engineering solutions that establish a solid technical foundation for future design activities, and we look forward to continuing our work with NANO Nuclear as the KRONOS program progresses toward deployment."

About Fortil

Fortil is a multi-specialist international engineering and technology consulting group, driven by a mission to empower talent and to deliver projects with technical, human and environmental value.

Founded more than 15 years ago, the Group now operates across France, Europe, Africa, the Middle East and North America, supporting its clients on engineering and digital transformation projects with a comprehensive range of solutions that address their key growth challenges across all sectors. Within this footprint, Fortil has built recognized expertise in the nuclear energy sector, delivering multidisciplinary engineering services-spanning mechanical and systems engineering, nuclear safety, instrumentation and control, and radiation protection-for demanding, safety-critical programs.

This is made possible by the Group's 2,500 employees, who bring technical expertise and a spirit of innovation to their work every day.

Fortil stands out through its commitment to a virtuous model that pairs sustainable growth with lasting performance, built on independence and shared success. Since its founding, the Group has followed a distinctive path underpinned by an ambitious CSR approach that is fully integrated into its strategy.

For information, visit www.fortil.group | Follow us on LinkedIn @fortilgroup

Contact us at: [email protected]

About NANO Nuclear Energy, Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is a North American advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel supply chain, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services.

Led by a world-class nuclear engineering team, NANO Nuclear's reactor products in development include the proprietary KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign, "ZEUS", a portable solid core battery reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, bolstered by the May 2026 acquisition of Secured Transportation Services (STS), is led by former executives from the largest transportation company in the world and provides nuclear engineering and materials transport services in the U.S. and globally. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy.

HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear's own microreactors as well as the broader advanced nuclear reactor industry.

NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear's developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS' initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface.

Cautionary Note Regarding Forward-Looking Statements

This news release and statements of NANO Nuclear's management and collaborators in connection with this news release contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "explore," "plans", "aim," "goal," "believes", "potential", "will", "should", "could", "would" or "may" or derivations of these words and other words of similar meaning about the future. In this press release, forward-looking statements include those relating to the future timing and prospects for NANO Nuclear's development of the Fuel Handling and Storage System and the overall KRONOS MMR™ Energy System, both through Fortil and generally. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy ("DOE"), U.S. Nuclear Regulatory Commission ("NRC"), Canadian Nuclear Safety Commission ("CNSC") or related state or other U.S. or non-U.S nuclear licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complementary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE, and the NRC, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating a developing business a highly regulated, competitive and rapidly evolving industry, including that our plans may change and we may use our cash on hand faster or in different ways than anticipated as our business requires. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306064

Source: NANO Nuclear Energy Inc.

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Powell Industries (POWL - 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 energy equipment company have returned -16.2% over the past month versus the Zacks S&P 500 composite's +0.3% change. The Zacks Manufacturing - Electronics industry, to which Powell Industries belongs, has lost 5.9% 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.

Earnings Estimate RevisionsHere 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.

Powell Industries is expected to post earnings of $1.49 per share for the current quarter, representing a year-over-year change of +12.9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

For the current fiscal year, the consensus earnings estimate of $5.47 points to a change of +10.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $6.66 indicates a change of +21.7% from what Powell Industries is expected to report a year ago. Over the past month, the estimate has changed -2.7%.

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 Powell Industries.

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

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Powell Industries, the consensus sales estimate of $318.25 million for the current quarter points to a year-over-year change of +11.2%. The $1.2 billion and $1.46 billion estimates for the current and next fiscal years indicate changes of +8.7% and +21.3%, respectively.

Last Reported Results and Surprise HistoryPowell Industries reported revenues of $296.61 million in the last reported quarter, representing a year-over-year change of +6.5%. EPS of $1.25 for the same period compares with $1.27 a year ago.

Compared to the Zacks Consensus Estimate of $298.22 million, the reported revenues represent a surprise of -0.54%. The EPS surprise was -6.72%.

Over the last four quarters, Powell Industries surpassed consensus EPS estimates three times. The company topped consensus revenue estimates just once over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

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

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.

Powell Industries is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

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

New report underscores how climate events, inflation and geographic volatility are reshaping home insurance loss trends

, /PRNewswire/ -- LexisNexis® Risk Solutions today released the 2026 LexisNexis U.S. Home Trends Report, providing an updated analysis of by-peril claims trends in the U.S. home insurance industry to help carriers make more informed, strategic decisions. Examining loss cost, claims frequency and severity, the report also offers insights into seasonality shifts, catastrophic claims and geographic patterns, including trends by U.S. state.

Key Takeaways from the 2026 LexisNexis U.S. Home Trends Report

Map showing the highest-cost property loss peril by state in 2025. All Peril severity reached an all-time high in 2025, increasing 25.9% from 2024 and 93.2% compared to 2019. While All Peril loss cost decreased 4.4% and frequency decreased 23.8% from 2024 to 2025, loss cost remained the third highest in seven years and 50.0% higher than in 2019. The U.S. experienced 23 climate disasters with $1 billion or more in damages in 2025, totaling $115 billion in damages and marking the third highest year of billion-dollar climate events on record. The Los Angeles wildfires accounted for more than half of that total at $61.2 billion, demonstrating how a single catastrophic event can significantly affect loss trends.1 Fire and Lightning were the defining perils of 2025, with loss cost increasing 76.8% and severity rising 67.3% year over year, driven largely by the January 2025 Los Angeles wildfires. "U.S. home insurers continue to face increasing pressure and uncertainty as they contend with a 'perfect storm' of rising severity, rising inflation-driven replacement costs and a reshaping of loss patterns in the face of shifting climate-driven catastrophes," said George Hosfield, vice president and general manager, home insurance, LexisNexis Risk Solutions. "The data reinforces the need for insurers to turn to multi-source datasets and analytics to help assess risk more accurately, benchmark performance and adapt to these volatile market conditions."

All Peril Trends

The U.S. home insurance industry continued to experience a long-term upward trend in loss cost across all perils combined. Although All Peril loss cost decreased in 2025, it was still the third most expensive year for loss cost within the last seven years. Severity rose significantly, reaching its highest level in seven years and increasing 93.2% compared to 2019. The rise in severity offset lower claim frequency, which continued its general downward trend since the beginning of the COVID-19 pandemic. Download the full 2026 LexisNexis U.S. Home Trends Report to explore how state-level loss cost and seasonality shifts are contributing to market volatility, including why California experienced the highest loss cost in 2025 and how wind and hail activity affected several central U.S. states. Fire and Lightning Perils

Fire and Lightning were the defining perils of 2025, with loss cost increasing 76.8%, frequency increasing 6.0% and severity rising 67.3% year over year from 2024. The dramatic increase was driven largely by the January 2025 Los Angeles wildfires, including the Palisades and Eaton fires. The fires cost an estimated $61.2 billion, making them the highest-cost climate disaster in the U.S. in 2025 and the costliest recorded wildfire in U.S. history.2 Download the full 2026 LexisNexis U.S. Home Trends Report to see how the timing of the Los Angeles fires affected Fire and Lightning loss patterns, including a shift in the peril's typical seasonality. Wind and Hail Perils

Wind loss cost decreased 50.4% and severity decreased 12.0% from 2024 to 2025, while frequency decreased 43.9%. The year-over-year decreases were likely driven by the lower number of catastrophe Wind claims in 2025. Despite lower Wind loss costs overall, wind-related risk remained significant. A central tornado outbreak in mid-March was the second costliest billion-dollar weather event of the year, costing an estimated $11 billion.3 Hail loss cost decreased 38.4% in 2025 from its seven-year high in 2023, and frequency decreased 35.4% from 2023. Severity remained flat compared to 2024. Download the full 2026 LexisNexis U.S. Home Trends Report for additional context on catastrophe claims, billion-dollar hail events and the states most affected by severe convective weather across the central U.S. Non-Weather-Related Perils

Non-Weather-Related Water loss cost decreased 6.4% and frequency decreased 7.8% from 2024 to 2025, while severity rose 2.5%. Severity for the peril increased 63.16% between 2019 and 2025, likely due to inflation and rising material and labor costs associated with remediating water damage. Liability loss cost decreased 4.0% and frequency decreased 14.6% from 2024 to 2025, while severity increased 12.8% year over year. The report notes this may be anecdotal evidence of social inflation, a term that describes how liability claims costs are increasing above general economic inflation, related to increasing litigation costs.4 Download the full 2026 LexisNexis U.S. Home Trends Report for additional findings on Theft and Other Perils, including how declining frequency and rising severity are contributing to shifting loss trends across non-weather-related claims. "Broader loss trends are important, but they are only the starting point," continued Hosfield. "The real opportunity for carriers is using those trends to help better understand what to look for at the individual-property level. If wildfire risk is expanding into new areas, carriers having insight into the fortification and condition of specific homes can help support more informed assessment decisions. If a state is seeing distinct water-loss patterns, understanding the interior risk characteristics of the properties they insure can be key. By connecting national, state and peril-level trends with more granular property intelligence, carriers can make more informed underwriting, pricing and portfolio decisions."

Download the full 2026 LexisNexis U.S. Home Trends Report.

Click here to learn more about leveraging high-quality data and superior analytics to help deliver advanced risk management and identify new areas for growth.

About LexisNexis Risk Solutions
LexisNexis® Risk Solutions leverages the power of data, advanced analytics platforms and integrated AI solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.

Media Contact:
Syed Shabbir
Director, Communications
Insurance and Healthcare
LexisNexis Risk Solutions
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1 "2025 in Review: U.S, Billion-Dollar Disasters," Climate Central, https://www.climatecentral.org/climate-matters/2025-in-review
2 "2025 in Review: U.S, Billion-Dollar Disasters," Climate Central, https://www.climatecentral.org/climate-matters/2025-in-review
3 "2025 in Review: U.S, Billion-Dollar Disasters," Climate Central, https://www.climatecentral.org/climate-matters/2025-in-review
4 "Social Inflation," National Association of Insurance Commissioners (NAIC), https://content.naic.org/insurance-topics/social-inflation

SOURCE LexisNexis Risk Solutions

With the S&P 500 trading at a multi-year high of 29 times earnings, possible interest rate hikes on the horizon, and unresolved military conflicts driving oil prices higher, it seems like it's only a matter of time before the market crashes. When that happens, many of the priciest growth stocks will go on sale and become compelling purchases for patient investors.

One of those stocks is AST SpaceMobile (ASTS -0.22%), a producer of low Earth orbit (LEO) satellites that was overshadowed by SpaceX's (SPCX -0.34%) historic IPO. Let's see why AST SpaceMobile is one of the only space stocks I'd buy in the next market crash.

Image source: Getty Images.

What sets AST SpaceMobile apart from SpaceX? AST and SpaceX's Starlink both produce LEO satellites for internet communications. However, AST mainly helps telecom giants like AT&T and Verizon extend their broadband networks to rural areas that their terrestrial networks can't reach. Starlink provides its own first-party satellite internet service. AST's satellites are also twice the size of Starlink's largest satellites, making them the largest communication arrays ever deployed into orbit.

AST also processes its data on the ground using Radio Access Network (RAN) software, while Starlink processes it in its satellites. AST can upgrade its ground infrastructure to new wireless technologies (such as 6G), but Starlink must completely replace its satellites with each upgrade.

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AST also doesn't operate money-losing rocket launch and artificial intelligence (AI) businesses like SpaceX. While AST isn't profitable yet, it has a clear path to profitability because its core business operates similarly to Starlink, SpaceX's only profitable business.

AST has launched 10 commercial BlueBird satellites to date. It aims to have 45 to 60 satellites in orbit by the end of 2026, and to expand its constellation to as many as 248 satellites within the next few years. However, that expansion will likely require more dilutive stock and debt offerings, as seen with its recent approval of a new $1 billion convertible stock offering.

Why could AST be a great long-term investment? From 2025 to 2028, analysts expect AST's revenue to grow from $71 million to $1.87 billion. They also expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to turn positive in 2027 and more than quadruple to $1.39 billion in 2028.

But with an enterprise value of $20.7 billion, AST already trades at 12 times and 16 times its projected 2028 revenue and adjusted EBITDA, respectively. If a market crash cuts those valuations in half, it'd be an incredible buying opportunity for space-oriented investors.

Leo Sun has positions in Verizon Communications. The Motley Fool has positions in and recommends AST SpaceMobile. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.