Latest news with #ChristopherDendrinos
CNA
15 hours ago
- Business
- CNA
GE Vernova to buy France's Alteia for enhancing AI tools for utilities
Power equipment maker GE Vernova will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said on Monday. GE Vernova already offers Alteia's software to customers through its GridOS Visual Intelligence. The tool helps utilities assess damage and inspect assets along thousands of miles of electrical lines. The acquisition will enhance this system through visual and operational data, allowing the companies to "see and sense" the grid, GE Vernova said. The company did not disclose the financial terms of the acquisition, which is expected to close on August 1. GE Vernova has highlighted that growth in its electrification software segment — which includes the GridOS system — could rapidly accelerate, RBC Capital Markets analyst Christopher Dendrinos said. The segment has been growing at mid-single digit percentage rates in the past couple of years, he said. Surging power demand from data centers used for AI and cryptocurrency technologies has boosted GE Vernova, which was spun off from General Electric last year. The power demand is expected to hit an all-time high this year. The company is expected to release its second-quarter earnings report on July 23 before the bell.
Yahoo
15 hours ago
- Business
- Yahoo
GE Vernova to buy France's Alteia for enhancing AI tools for utilities
By Sumit Saha (Reuters) -Power equipment maker GE Vernova will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said on Monday. GE Vernova already offers Alteia's software to customers through its GridOS Visual Intelligence. The tool helps utilities assess damage and inspect assets along thousands of miles of electrical lines. The acquisition will enhance this system through visual and operational data, allowing the companies to "see and sense" the grid, GE Vernova said. The company did not disclose the financial terms of the acquisition, which is expected to close on August 1. GE Vernova has highlighted that growth in its electrification software segment — which includes the GridOS system — could rapidly accelerate, RBC Capital Markets analyst Christopher Dendrinos said. The segment has been growing at mid-single digit percentage rates in the past couple of years, he said. Surging power demand from data centers used for AI and cryptocurrency technologies has boosted GE Vernova, which was spun off from General Electric last year. The power demand is expected to hit an all-time high this year. The company is expected to release its second-quarter earnings report on July 23 before the bell. Sign in to access your portfolio
The Star
15 hours ago
- Business
- The Star
GE Vernova to buy France's Alteia for enhancing AI tools for utilities
(Reuters) -Power equipment maker GE Vernova will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said on Monday. GE Vernova already offers Alteia's software to customers through its GridOS Visual Intelligence. The tool helps utilities assess damage and inspect assets along thousands of miles of electrical lines. The acquisition will enhance this system through visual and operational data, allowing the companies to "see and sense" the grid, GE Vernova said. The company did not disclose the financial terms of the acquisition, which is expected to close on August 1. GE Vernova has highlighted that growth in its electrification software segment — which includes the GridOS system — could rapidly accelerate, RBC Capital Markets analyst Christopher Dendrinos said. The segment has been growing at mid-single digit percentage rates in the past couple of years, he said. Surging power demand from data centers used for AI and cryptocurrency technologies has boosted GE Vernova, which was spun off from General Electric last year. The power demand is expected to hit an all-time high this year. The company is expected to release its second-quarter earnings report on July 23 before the bell. (Reporting by Sumit Saha in Bengaluru; Editing by Sahal Muhammed)
Reuters
15 hours ago
- Business
- Reuters
GE Vernova to buy France's Alteia for enhancing AI tools for utilities
July 21 (Reuters) - Power equipment maker GE Vernova (GEV.N), opens new tab will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said on Monday. GE Vernova already offers Alteia's software to customers through its GridOS Visual Intelligence. The tool helps utilities assess damage and inspect assets along thousands of miles of electrical lines. The acquisition will enhance this system through visual and operational data, allowing the companies to "see and sense" the grid, GE Vernova said. The company did not disclose the financial terms of the acquisition, which is expected to close on August 1. GE Vernova has highlighted that growth in its electrification software segment — which includes the GridOS system — could rapidly accelerate, RBC Capital Markets analyst Christopher Dendrinos said. The segment has been growing at mid-single digit percentage rates in the past couple of years, he said. Surging power demand from data centers used for AI and cryptocurrency technologies has boosted GE Vernova, which was spun off from General Electric (GE.N), opens new tab last year. The power demand is expected to hit an all-time high this year. The company is expected to release its second-quarter earnings report on July 23 before the bell.
Yahoo
07-07-2025
- Business
- Yahoo
RBC Raises Target on First Solar (FSLR) to $200, Reaffirms Outperform
First Solar Inc. (NASDAQ:FSLR) is one of the 10 best sustainability stocks to buy now. The company specializes in cadmium telluride thin-film solar modules, which require less energy, semiconductor material, and water to produce than traditional crystalline silicon (c-Si) panels. The Series 7 product line boasts one of the industry's lowest environmental footprints, and the company operates its own end-of-life recycling facilities, recovering over 90% of materials for reuse. RBC Capital's Christopher Dendrinos raised his price target on First Solar to $200 from $188 on June 30, maintaining an Outperform rating. In his note to investors, Dendrinos pointed to policy developments under the current draft of the One Big Beautiful Bill (OBBB), which he believes could boost short- and medium-term demand for U.S.-based solar manufacturers like First Solar. Solar panel workers installing a new farm for clean energy generation. He highlighted that solar developers are likely to fast-track projects to lock in benefits before the Investment Tax Credit (ITC) phases out. They might also be trying to steer clear of possible penalties related to foreign content rules under the new excise tax proposal. Dendrinos says this could lead to a boost in short-term demand, helping strengthen First Solar's order book. He believes the policy tailwinds outlined in the bill align well with the company's U.S.-focused manufacturing base and reinforce its positioning for continued growth. First Solar Inc. (NASDAQ:FSLR) is a leading American solar technology company that manufactures eco-efficient solar modules. While we acknowledge the potential of FSLR 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: Harvard University Stock Portfolio: Top 10 Stock Picks and . Disclosure: None.
