Latest news with #KULR
Yahoo
18-06-2025
- Business
- Yahoo
Why KULR Technology Stock Is Plummeting Today
After the market closed last Friday, KULR announced that it will carry out a reverse stock split. KULR will implement an 8-for-1 reverse stock split on June 23. The reverse split will help KULR keep trading on its current exchange, but some investors are seeing negative signs in the move. 10 stocks we like better than KULR Technology Group › KULR Technology (NYSEMKT: KULR) stock is getting hit with huge selling action in Monday's trading. The company's share price was down 21.3% as of 3 p.m. ET, despite the S&P 500 (SNPINDEX: ^GSPC) being up 0.9% at the same point in the day's trading. KULR is seeing a big valuation pullback today following news that the company will carry out a reverse stock split. The new structure for the stock won't do anything to alter the fundamentals of the business, but investors are dumping shares ahead of the 8-for-1 reverse split that will take effect on June 23. After surging late in 2024's trading, KULR stock has seen big sell-offs this year. The company's share price is down roughly 74.5% year to date. As a result of the big valuation pullback, KULR's share price is currently below the $1 threshold necessary to continue trading on the NYSE-American Market. By announcing the reverse stock split before its shares had been trading below the threshold for a significant amount of time, KULR may also be able to avoid new rules from the New York Stock Exchange approved earlier this year that make it more difficult to use reverse splits to remain in compliance. KULR's reverse stock split will take effect next Monday and will result in the equivalent of eight existing shares being combined into one new share. The move will have the effect of boosting the company's share price, but it won't alter the fundamentals of the business. Continuing to trade on the NYSE-American Market exchange is probably a good thing for KULR over the long term because it will continue to make the stock easily available for a wide range of investors. On the other hand, it's not hard to see why some investors are reacting negatively to the reverse stock-split news. Reverse splits often occur because a company and its stock are struggling, and they can also limit some of the potential for explosive short-term gains that some investors may be seeking with penny stocks. Before you buy stock in KULR Technology Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and KULR Technology Group 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 $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why KULR Technology Stock Is Plummeting Today was originally published by The Motley Fool
Yahoo
10-06-2025
- Business
- Yahoo
KULR Technology Group (NYSEAM:KULR) Announces US$300 Million Follow-on Equity Offering
KULR Technology Group recently announced a follow-on equity offering seeking to raise $300 million, which may support its future growth plans. However, this announcement coincides with a stable upward trend in the broader market, with the S&P 500 closing above 6,000 for the first time since February. KULR Technology's share price increased by 4% over the last week, aligning closely with the overall market's positive trajectory of 1.6%. While the equity offering presents potential value to investors, its influence on the stock's performance should be considered in the context of a generally bullish market environment. We've identified 2 warning signs for KULR Technology Group (1 doesn't sit too well with us) that you should be aware of. Rare earth metals are the new gold rush. Find out which 24 stocks are leading the charge. The recent announcement of KULR Technology Group's US$300 million follow-on equity offering may bolster its growth potential, aligning with its expansion plans in Texas and entry into AI and robotics. Over the past year, KULR's total shareholder return was very large at 277%, highlighting a period of substantial growth for the company. This impressive growth could be linked to its strategic ventures and the broader market's upward movement. Compared to the last year, KULR outperformed the US Electrical industry, which returned 24.1%, and the US market, which returned 12.4%. The broader market context suggests a favorable investor sentiment that could be reinforced by this new equity raise. The company's shares have increased by 4% in the past week, although they remain US$2.53 below the consensus price target of US$4.17, indicating potential upside according to analyst projections. This fundraising initiative might positively influence KULR's revenue and earnings forecasts, as it supports capital and operational expansions that aim to tap into growing markets like AI and robotics. KULR is projected to experience significant annual revenue growth of 64.7%, well above the market average, and aims for earnings improvement from its current losses. The equity offering may enhance its financial flexibility, possibly realizing these future growth expectations. Review our historical performance report to gain insights into KULR Technology Group's track record. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSEAM:KULR. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
09-06-2025
- Business
- Yahoo
KULR Plans to Raise Up to $300M to Fuel Bitcoin Purchases
Energy-management firm KULR (KULR) is looking to raise up to $300 million by selling shares of its common stock in an at-the-market (ATM) offering facilitated by Cantor Fitzgerald. The funds will be used for general corporate purposes, including working capital and the acquisition of more bitcoin BTC, the company said in an SEC filing. California-based KULR began using bitcoin as its primary treasury reserve asset in late 2024, adopting a strategy similar to that of Strategy (MSTR). It currently holds 920 BTC. Many companies looking to build up their bitcoin treasury holdings have turned to at-the-market programs fund the purchases. These include Strategy, which also included preferred stock ATM programs, as well as The Blockchain Group, MARA Holdings and Semler Scientific. To support its accumulation efforts, KULR also leased 5,500 S-19 bitcoin miners in two agreements totaling over $4 million, according to the filing. So far, the company has earned nearly 10 BTC from these operations. It has purchased hundreds more on the open market through Coinbase, adding in 449.45 BTC in the three months ending on March 31, and an additional 244.36 BTC since. KULR's shares have gained 3.4% today to $1.22. 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
28-05-2025
- Business
- Yahoo
MicroStrategy-inspired KULR set to join Russell 3000 Index
KULR Technology Group, Inc. is set to be included in the Russell 3000 Index, effective after the U.S. market opens on June 30, according to the annual reconstitution of the Russell indexes for this year. The Russell 3000 Index tracks the performance of the 3,000 largest publicly traded companies in the United States, based on their total market capitalization. Fund managers and other investment professionals widely use it as a benchmark to manage the performance of the U.S. stock market. The index may include companies that are part of other related indexes, such as the Russell 1000 (for large companies), the Russell 2000 (for smaller ones), or growth value indexes that reflect the type of company based on financial measures. KULR has also been selected for inclusion in the Russell Microcap Index, which comprises the smallest 1,000 companies in the Russell 2000 Index. KULR creates highly disruptive products and technologies that address the evolving needs of electronics and energy storage for both commercial and military applications. In late 2024, KULR also generated headlines when it announced that it would invest up to 90% of its excess cash reserves in Bitcoin as part of its treasury strategy. Michael Saylor has praised KULR's approach to Bitcoin treasury, branding it as a bold alignment with sound money principles. KULR's CEO, Michael Mo, has also previously acknowledged Saylor's influence on their decision to adopt Bitcoin as a core treasury asset. The Russell indexes are maintained by FTSE Russell, which is part of the London Stock Exchange Group. These indices are essential benchmarks for gauging investment performance, and more than $18 trillion is tied to them globally. Beginning in 2026, FTSE Russell intends to update these indexes twice a year — once in June and then again in December, rather than just once — to stay better aligned with the marketplace as it evolves. MicroStrategy-inspired KULR set to join Russell 3000 Index first appeared on TheStreet on May 27, 2025 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
Associated Press
27-05-2025
- Business
- Associated Press
KULR Technology Group Set to Join Russell 3000® Index
HOUSTON, May 27, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the 'Company' or 'KULR'), a global leader in sustainable energy management, today announced it is set to join the broad-market Russell 3000® Index, effective after the United States market opens on June 30, as part of the 2025 Russell indexes reconstitution. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes. 'KULR is honored to be included in both the Russell 3000® and Russell Microcap® Indexes,' said Michael Mo, CEO of KULR. 'This marks another important milestone in our growth trajectory and is expected to enhance both our visibility and liquidity among institutional investors.' Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. Fiona Bassett, CEO of FTSE Russell, an LSEG business, commented: 'The Russell indexes have continuously adapted to the evolving dynamic US economy, and it's crucial to fully recalibrate the suite of Russell US Indexes, ensuring the indexes maintain an accurate representation of the market. The transition to a semi-annual reconstitution frequency from 2026 will ensure our indexes continue to represent the market and maintain the purpose of the index as a portfolio benchmark.' For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the 'Russell Reconstitution' section on the FTSE Russell website. About KULR Technology Group Inc. KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company's holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. On December 4, 2024, KULR announced that its Board of Directors has agreed to include bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its surplus cash to the acquisition of bitcoin. For more information, please visit About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell. Safe Harbor Statement This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2025, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'should,' and 'would' or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Investor Relations: KULR Technology Group, Inc. Phone: 858-866-8478 x 847 Email: [email protected] KULR Media Relations: M Group Strategic Communications (on behalf of KULR) Email: [email protected]
