UBS Group AG Announces Prior Acquisition of Common Shares of KuuHubb Inc. as a Result of Account Maintenance Procedures
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
3 hours ago
- Globe and Mail
ASML Just Quietly Booked Billions for Its EUV Machines. Is It Time to Buy the Stock?
Key Points ASML's management doesn't know for sure whether it's going to grow next year, and this unsettles investors. The company is still confident with its long-term outlook, which is what long-term investors will want to focus on. 10 stocks we like better than ASML › Many people have never heard of ASML (NASDAQ: ASML), and fewer could explain what the company does. But chances are that you're within reach of a product that ASML helped create. Modern computers, mobile devices, and even cars wouldn't be possible without one very important thing -- lithography -- and ASML dominates that market. The company's dominance in lithography -- which I'll explain momentarily -- has led to good returns for shareholders over the last decade. ASML stock is up more than 600% during this time, compared to a 200% return for the S&P 500. However, while long-term returns have been stellar, the company's recent returns haven't been so hot. On July 16, ASML reported financial results for its second quarter of 2025, and the stock dropped about 8% in a day. In short, investors didn't like something they heard. Referring to its potential growth in 2026, CEO Christophe Fouquet said, "We cannot confirm it at this stage," due to all of the macro-economic uncertainty. That's all it took to spook investors. However, there's something that ASML investors appear to be overlooking: The company quietly just booked billions for its extreme ultraviolet (EUV) lithography machines. And that's hugely important context when thinking about ASML's future. ASML is still booking billions In the semiconductor space, everything is getting smaller and more complex, which leads to the need for more complex machines. That's where ASML comes in. It makes advanced lithography machines that have a near monopoly in the market. Companies making microchips need ASML's machines. There are a variety of ASML machines that use different processes, but the best-selling line is its EUV machines, which accounted for 48% of Q2 net system sales. The extreme ultraviolet light's wavelength is short enough to work on the world's smallest chips. ASML's Q2 numbers looked good. Q2 net sales of 7.7 billion euros were above expectations. And earnings per share (EPS) of 5.9 euros were also higher than expected. Both of these outperformances were relatively modest. By contrast, analysts only expected ASML's net bookings to be around 4.2 billion euros, whereas it reported Q2 net bookings of 5.5 billion euros -- a roughly a 30% beat. (Bookings are when the company receives an order in writing. By comparison, net sales refers to when a machine is delivered or installed.) Keep in mind that a single EUV machine from ASML can cost around $280 million, so it doesn't take too many surprise orders to swing bookings in a big way. Still, the 30% outperformance does suggest ongoing health in the semiconductor manufacturing space. So what's the problem? Semiconductor manufacturers are almost guaranteed to spend significant money in the coming years as trends such as artificial intelligence (AI), driverless cars, and renewable energy will drive demand more than ever. Manufacturers will need to spend on equipment to increase supply. It's not so much a question of "if" as "when." However, capital expenditures could be delayed because executives are waiting until uncertainty dies down. With ever-changing tariffs, companies can't predict what expenses will be. It's better to wait for the dust to settle, if possible. This is what Fouquet was referring to with his prediction for ASML's business in 2026. Its products still dominate the market, and its customers will still need them. But will they buy in 2026 or later? That's what management is unsure of and why the stock dipped. This could be an opportunity for investors who take a longer-term view on ASML stock. As the chart below shows, the stock's price-to-earnings ratio (P/E) of 31 is well below its 10-year average valuation. ASML P/E Ratio data by YCharts. Looking ahead to 2030, ASML's outlook hasn't changed. By 2030, it believes it will generate revenue of 44 billion euros to 60 billion euros. For perspective, the company expects to generate revenue of about 32.5 billion euros this year. Assuming it hits the midpoint of its 2030 guidance, ASML will generate revenue of 52 billion euros in five years. That's growth of 60%, which is pretty good. Factoring in the company's dividend and stock buyback program, ASML stock could be a market-beating investment. The good thing for investors considering ASML stock today is its safety. Granted, it's possible for another company to develop a machine that makes ASML's own obsolete -- anything is possible. But ASML is considered to be well ahead of the competition in an important market, which gives its business strong profits margins. This has helped to create a strong balance sheet. In conclusion, I think ASML stock is unlikely to lose money for investors over the next five years. The business is too strong, and its products are too important. But the timing of orders could cause the stock to drop at times, like it has now. For long-term investors who believe in the company's 2030 outlook, these drops in stock price could be opportunistic entry points. Should you invest $1,000 in ASML right now? Before you buy stock in ASML, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and ASML wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Globe and Mail
3 hours ago
- Globe and Mail
Ballard announces order for 6.4 MW to eCap Marine for Samskip vessels
VANCOUVER, BC , /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a new purchase order for the supply of 6.4 MW of fuel cell engines to eCap Marine GmbH ("eCap Marine", a long-standing expert in emission free power, for deployment on two vessels by Samskip ( one of the largest multimodal European operators specializing in short sea, rail, road and barge services. The 32 FCwave™-200 kW engines will be integrated into green marine propulsion systems by eCap Marine and power two vessels in Samskip's fleet to decarbonize routes between Norway and the Netherlands . The order continues the collaboration with eCap Marine which started in 2021. Delivery of the engines is planned for 2025 and 2026. "We're proud to expand our partnership with eCap Marine and Samskip with one of the largest marine fuel cell engine orders in history," said Marty Neese , President & CEO, Ballard Power Systems. "Deploying our fuel cell engines on these two Samskip vessels provides a critical validation point for the use of PEM fuel cell propulsion for maritime applications." Lars Ravens , Managing Director of eCap Marine stated, "Our continued collaboration with Ballard is central to our mission to decarbonize marine transport. This latest order exemplifies our shared commitment to operational excellence and environmental stewardship. Together, we are delivering a clean propulsion solution that meets the rigorous demands of long-haul marine operations." Ballard's FCwave™ is the world's first DNV type-approved fuel cell module for marine applications, ensuring compliance with international maritime safety and design standards. This order is supported by ENOVA, Norway's government agency for energy and climate initiatives, reinforcing the role of public-private collaboration in accelerating the transition to sustainable marine energy solutions. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells enable electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit This release contains forward-looking statements concerning anticipated product deliveries, customer deployments, and customer benefits and market adoption of our products. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation. About eCap Marine eCap Marine, based in Hamburg, Germany , provides innovative solutions for emission-free shipping by covering propulsion or specific loads on board. With in-house experts in naval architecture, electrical engineering, and hydrogen-based fuels, the company offers comprehensive services ranging from feasibility studies and subsidy support to technical design and handling of hydrogen and its derivatives, ensuring all necessary approvals from relevant authorities until delivering these solutions to their customers. eCap Marine specializes in both mobile and containerized power generation solutions, as well as fixed installations under deck, utilizing, for example, hydrogen and batteries. Their initial hydrogen project has been the retrofitting of an offshore supply vessel by designing and delivering a hydrogen generator (H2PowerPac) with integrated battery storage, and swappable hydrogen tanks—enabling the vessel zero-emission operations through the ecologically sensitive Wadden Sea.
Globe and Mail
6 hours ago
- Globe and Mail
Whitaker named senior vice president and chief financial officer, Ashland
WILMINGTON, Del., July 21, 2025 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) announced today that the board of directors has named William C. Whitaker, senior vice president and chief financial officer, Ashland, effective July 18, 2025. Whitaker has been serving as the company's interim chief financial officer. Whitaker joined Ashland in 2015. He has held several positions of increasing responsibility in corporate development, treasury, financial planning and analysis (FP&A) and investor relations. Prior to Ashland, Whitaker held roles outside of the company within private equity and transaction advisory services. He earned a Bachelor's degree in Finance from Ohio State University and holds a Chartered Financial Analyst (CFA) designation. 'I want to congratulate William on this well-deserved appointment,' said Guillermo Novo, chair and chief executive officer, Ashland. 'I am confident in his leadership and ability to thrive in this role while helping Ashland achieve new heights.' About Ashland Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. Approximately 2,960 passionate, tenacious solvers – from renowned scientists and research chemists to talented engineers and plant operators – thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit and to learn more. ™ Trademark, Ashland, or its subsidiaries, registered in various countries. Attachment
