Latest news with #BRiley
Yahoo
22-07-2025
- Business
- Yahoo
TTM Technologies (TTMI) Rallies on Bullish Rating, Ahead of Q2 Earnings
We recently published . TTM Technologies, Inc. (NASDAQ:TTMI) is one of Monday's biggest gainers. TTM Technologies saw its share prices increase by 5.42 percent on Monday to close at $47.47 apiece as market sentiment continued to be fueled by an investment firm's bullish rating for the company, with investors now repositioning portfolios ahead of its earnings performance. According to TTM Technologies, Inc. (NASDAQ:TTMI), it will announce the results of its financial and operating performance for the second quarter of the year after market close on July 30, 2025. In a market note late last week, TTM Technologies, Inc. (NASDAQ:TTMI) earned a higher price target of $50 from investment firm B. Riley, or a 39-percent bump from its previous price target of $36. The latter also gave a 'buy' recommendation for the stock. A close-up view of an electronic component being installed on a PCB. According to B. Riley, it expects upsides for TTM Technologies, Inc. (NASDAQ:TTMI) amid robust defense budgets alongside continued generative artificial intelligence-driven strength in TTI's data center and networking verticals. While we acknowledge the potential of TTMI 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 . 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
22-07-2025
- Business
- Yahoo
B. Riley Initiates Coverage of BitFuFu (FUFU) with a Buy Rating
BitFuFu Inc. (NASDAQ:FUFU) is one of the . On July 18, B. Riley initiated coverage of BitFuFu Inc. (NASDAQ:FUFU) with a Buy rating and $7.31 price target. The rating followed a virtual meeting between BitFuFu Inc. (NASDAQ:FUFU) and B. Riley held on July 17, hosted by B. Riley. The firm told investors in a research note that BitFuFu Inc. (NASDAQ:FUFU) is a bitcoin mining company offering cloud mining services to a range of customers. It justified its optimistic outlook by stating that BitFuFu Inc. (NASDAQ:FUFU) has an expanding self-mining footprint and is focusing on growing its ownership of power infrastructure in the coming quarters. The firm also reasoned that BitFuFu Inc. (NASDAQ:FUFU) boasts a leadership position in cloud mining, a scalable platform, and a diversified revenue model. BitFuFu Inc. (NASDAQ:FUFU) provides digital asset mining and cloud mining services. It functions through an array of stable and intelligent digital asset mining solutions, including one-stop cloud mining services and miner hosting services to individual digital asset enthusiasts and institutional customers. The company also offers a compliant, secure, and transparent blockchain infrastructure. While we acknowledge the potential of FUFU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. 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
21-07-2025
- Business
- Yahoo
Why SiriusPoint (SPNT) Stock Is Up Today
What Happened? Shares of global insurance underwriter SiriusPoint (NYSE:SPNT) jumped 3.1% in the morning session after B. Riley initiated coverage on the company with a "Buy" rating and a $33 price target. The analyst, Randy Binner, highlighted several factors supporting the positive outlook, noting that the market is beginning to recognize the success of the company's turnaround strategy. B. Riley's firm believes that SiriusPoint's reserve redundancies, favorable pricing trends in its core business lines, and effective expense management will help drive a 12% return on equity. Reserve redundancies mean the company has set aside more funds than likely needed for future claims, a sign of financial health. The new price target suggests a significant potential upside from the stock's previous closing price, signaling strong confidence in the insurer's future performance. After the initial pop the shares cooled down to $19.51, up 2.7% from previous close. Is now the time to buy SiriusPoint? Access our full analysis report here, it's free. What Is The Market Telling Us SiriusPoint's shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. SiriusPoint is up 24% since the beginning of the year, and at $19.51 per share, it is trading close to its 52-week high of $20.88 from June 2025. Investors who bought $1,000 worth of SiriusPoint's shares 5 years ago would now be looking at an investment worth $2,356. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. 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
14-07-2025
- Business
- Yahoo
Why Plug Power (PLUG) Shares Are Sliding Today
Shares of fuel cell technology Plug Power (NASDAQ:PLUG) fell 6.5% in the afternoon session after an analyst at B. Riley lowered their earnings estimates for the company. The research firm reduced its second-quarter 2025 earnings per share (EPS) forecast for Plug Power, anticipating a loss of ($0.15) per share, down from a previous estimate of a ($0.12) loss. This more pessimistic view on the company's upcoming earnings adds to persistent investor concerns surrounding Plug Power's financial health and its challenging path to profitability. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Plug Power? Access our full analysis report here, it's free. Plug Power's shares are extremely volatile and have had 102 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 5 days ago when the stock gained 20.8% on the news that it announced a new multi-year enhanced supply agreement with a major U.S.-based industrial gas partner. The agreement, which extends the partnership through 2030, is set to secure a reliable supply of liquid hydrogen for Plug Power's growing business. More importantly for investors, the deal will immediately lower costs and is expected to improve the company's cash flow and margin profile. Plug Power, a leader in hydrogen fuel cell technology, has been focused on scaling its operations and achieving profitability. This extended agreement is a crucial step, ensuring a stable hydrogen supply for its more than 275 customer sites while also addressing cost-efficiency, a key concern for the company. CEO Andy Marsh called the contract a "win for Plug, our customers, our suppliers and our margin profile," highlighting the immediate cost reduction benefits. Plug Power is down 33.5% since the beginning of the year, and at $1.55 per share, it is trading 53.6% below its 52-week high of $3.34 from July 2024. Investors who bought $1,000 worth of Plug Power's shares 5 years ago would now be looking at an investment worth $179.18. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Why AST SpaceMobile Stock Skyrocketed 102.6% Last Month, but Has Slipped in July
Key Points AST SpaceMobile stock roared to a new record high last month thanks to multiple bullish catalyts. Positive momentum for the broader market, business-specific news, and analyst coverage contributed to the stock's rally. AST SpaceMobile stock has seen a mild pullback early in this month's trading. 10 stocks we like better than AST SpaceMobile › AST SpaceMobile (NASDAQ: ASTS) stock recorded huge gains across June's trading. The space technology company's share price surged 102.6% in a month that saw the S&P 500 (SNPINDEX: ^GSPC) rise 5% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) jump 6.6%. Excitement surrounding defense technology plays and bullish momentum for the broader market helped AST stock close out the period with huge gains. New partnership announcements, investment speculation, and analyst coverage also helped power the rally. AST SpaceMobile stock had an incredible rally last month June was a month of massive bullish momentum for space tech stocks, and investors piled into AST stock on some promising growth indicators for the company. Along those lines, the stock got a significant boost on June 4 after Scotiabank highlighted the possibility that Jeff Bezos and his Blue Origin space exploration company could invest in AST. On June 16, B. Riley published new coverage maintaining a buy rating on AST. The investment firm also raised its one-year price target on the stock from $36 per share to $44 per share and pointed to the space-tech specialist's growing spectrum resources as a catalyst that could help support further valuation growth. AST and Vodafone then announced on June 18 that they had entered into a new partnership to bring connectivity offerings to untapped markets in India. The two companies' collaboration on the SpaceMobile Satellite System could bring space-based cellular broadband services to a huge section of new customers, and it looks like foundations are being laid for the business to scale rapidly. Along with moves to clarify and expand its spectrum access last month, the expansion of the partnership with Vodafone strengthened AST's long-term performance outlook. Why has AST stock pulled back in July? On the heels of last month's explosive gains, AST stock has seen a modest pullback in July's trading. The company's share price is down roughly 3.5% in the month as of this writing, but it's still up 264% over the last year. There actually haven't been any negative, business-specific developments for the company this month, but investors are showing some signs of valuation concerns after a massive valuation run-up. On the other hand, Roth Capital published new coverage on AST on Monday -- reiterating a buy rating and raising its one-year price target on the stock from $42 per share to $51 per share. Roth's analysts see recent wins for T-Mobile 's Starlink-enabled services are a positive indicator because it views AST's service and pricing offerings as superior. With signs of strong competitive positioning, some analysts and investors are betting the stock will soon go on to reach new highs. AST remains a high-risk, reward play, but the company is executing at a high level and has some huge growth opportunities ahead. Should you invest $1,000 in AST SpaceMobile right now? Before you buy stock in AST SpaceMobile, 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 AST SpaceMobile 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 $695,481!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $969,935!* Now, it's worth noting Stock Advisor 's total average return is1,053% — a market-crushing outperformance compared to179%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 7, 2025
