Latest news with #B.Riley
Business Insider
15-07-2025
- Business
- Business Insider
Heidmar Maritime initiated with a Buy at B. Riley
B. Riley analyst Liam Burke initiated coverage of Heidmar Maritime (HMR) with a Buy rating and $5 price target Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
10-07-2025
- Business
- Yahoo
Applied Digital (APLD) Loses 7.56% on Lack of Leads
Applied Digital Corporation (NASDAQ:APLD) is one of the . Applied Digital tumbled for a second day on Monday, losing 7.56 percent to close at $9.66 apiece amid the lack of fresh catalysts to boost investing appetite while trading lower in line with the broader market. In recent news, Applied Digital Corporation (NASDAQ:APLD) entered into a $7-billion lease agreement with CoreWeave, Inc. (NASDAQ:CRWV). Under the agreement covering two 15-year leases, Applied Digital Corporation (NASDAQ:APLD) will deliver 250 megawatts of critical IT load to host CoreWeave, Inc.'s (NASDAQ:CRWV) artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus. An overhead view of a large-scale data center with rows of servers and blinking lights. It expects to deliver the first 100 MW of data center in the fourth quarter of the year, while the remaining 150 MW is expected to come online in the middle of 2026. Following the news, B. Riley gave Applied Digital Corporation (NASDAQ:APLD) a 'buy' recommendation and a new price target of $15, nearly double the $8 price target previously. While we acknowledge the potential of APLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
CleanSpark (CLSK) Jumps 12.6% on Rating Upgrade, New Mining Facility
CleanSpark, Inc. (NASDAQ:CLSK) is one of the . CleanSpark extended its winning streak to a third consecutive day on Wednesday, jumping 12.64 percent to close at $12.48 apiece amid a flurry of positive developments, including a rating upgrade and a go-signal for a new mining facility in Tennessee. In its market note earlier this week, B. Riley gave a 'buy' recommendation and a $16 price target on CleanSpark, Inc.'s (NASDAQ:CLSK) stock. The figure represented a 28-percent upside from its latest closing price. A hall of server racks, illuminated by blue LED lights and humming with energy. The rating adjustment was buoyed by its achievement of its hash rate target of 50 EH/s on June 24, ahead of the original June 30 schedule. Meanwhile, the company reportedly secured the approval to build a new mining facility in Mountain City, Tennessee. With a 3-1 vote, the Mountain City Board of Mayor and Aldermen reportedly approved the development of the facility on a 50-acre site, where CleanSpark, Inc. (NASDAQ:CLSK) plans to construct a 30-megawatt Bitcoin mining facility. While we acknowledge the potential of CLSK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-06-2025
- Business
- Yahoo
B. Riley divests advisory services arm to TorQuest
B. Riley Financial (BRF) has offloaded its advisory services unit to funds managed by TorQuest Partners, a Canadian private equity firm, for $117.8m. The advisory services arm comprises GlassRatner Advisory & Capital Group (operating as B. Riley Advisory Services) and B. Riley Farber Advisory. The Los Angeles-based financial services firm acquired GlassRatner in August 2018. It anticipates to record a gain of around $66m from the latest deal in its second-quarter financial results. GlassRatner specialises in a range of professional and advisory services, including bankruptcy and restructuring, forensic accounting, litigation support, construction engineering consulting, transaction support, executive search services, and compliance, risk, and resilience consulting. GlassRatner CEO Ian Ratner said: 'Growing GlassRatner in close partnership with Bryant, Tom, and the entire BRF team, has been an incredible journey. 'We've built a leading platform providing bankruptcy and restructuring services, forensic accounting and litigation support, and other specialty advisory solutions.' GlassRatner collaborates with law firms, lenders, private equity sponsors, and various companies to address complex business issues, including major acquisitions or divestitures, fraud investigations, corporate litigation, and business crises or bankruptcies. Based in Atlanta, Georgia, GlassRatner has around 200 employees across offices in the US, Canada, and Mexico. BRF chairman and co-CEO Bryant Riley said: 'BRF's primary focus moving forward is to return to its historic roots by investing in BRS, our middle-market investment bank, and its complimentary business, B. Riley Wealth Management. 'Divesting GlassRatner will provide additional capital to support growth initiatives and strengthen our capital structure. Maximising shareholder value through ongoing reinvestment in our business remains a critical priority.' BRF, through its subsidiaries and affiliates, offers solutions in investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, appraisal and valuation, as well as auction and liquidation services. In November 2024, BRF agreed to sell a portion of its wealth management business to Stifel Financial, a US-based firm. "B. Riley divests advisory services arm to TorQuest" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
25-06-2025
- Business
- Yahoo
Alcoa price target lowered to $38 from $43 at B. Riley
B. Riley analyst Nick Giles lowered the firm's price target on Alcoa (AA) to $38 from $43 and keeps a Buy rating on the shares. The firm cites forward curve updates and tariff impact adjustments for the target cut. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on AA: Disclaimer & DisclosureReport an Issue Alcoa price target raised to $37.50 from $35 at Morgan Stanley Alcoa's Strategic Initiatives and Market Positioning Drive Buy Rating Amidst Volatility Alcoa price target raised to $28 from $25 at JPMorgan Alcoa says won't restart Spain smelter 'until we get answers from authorities' Alcoa call volume above normal and directionally bullish Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
