QuantumScape and Volkswagen push ahead on plans for battery cell production facility
Mai14

QuantumScape and Volkswagen push ahead on plans for battery cell production facility

QuantumScape (NYSE:QS) and Volkswagen (OTCPK:VLKAF) have agreed to select a location for a battery pilot-line facility by the end of 2021.The companies are currently contemplating setting up the pilot QS-1 facility in Salzgitter, GermanyQS-1 will initially be a 1-gigawatt hour  battery cell commercial production plant for electric vehicle batteries. QuantumScape and Volkswagen intend to expand production...

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GE reinstated with Buy rating at Citi as turnaround progresses
Mai14

GE reinstated with Buy rating at Citi as turnaround progresses

General Electric (NYSE:GE) +1.5% pre-market after Citi reinstates coverage with a Buy rating and Street-high $17 price target, saying the company is making notable progress in its rebuilding.Citi analyst Andrew Kaplowitz sees evidence of improving execution across much of GE’s portfolio, indicating “gradual but likely accelerating recovery in GE’s Aviation business,” particularly in H2 and...

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Plug Power rallies after completing financial restatements
Mai14

Plug Power rallies after completing financial restatements

Plug Power (NASDAQ:PLUG) +12.7% pre-market after completing the restatement of previously issued financial statements for FY 2018 and FY 2019 and quarterly filings for 2019 and 2020, and filing its FY 2020 annual report.As expected, the adjustments did not affect Plug’s cash position, business operations or economics of commercial arrangements, and there were no changes to gross billings.Adjustments from...

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Coinbase wins Outperform rating at Piper on prime position in growing sector
Mai14

Coinbase wins Outperform rating at Piper on prime position in growing sector

Piper Sandler analyst Richard Repetto starts coverage of Coinbase Global (NASDAQ:COIN) with an Outperform as he expects the company to build on its strong growth trajectory given its “trusted brand name and commanding position in the evolving cryptoeconomy.”Sees ability to grow organically and through new product offerings supporting additional crypto assets.And sees positive industry trends supporting...

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Ideanomics to acquire California-based US Hybrid
Mai13

Ideanomics to acquire California-based US Hybrid

Ideanomics (NASDAQ:IDEX) has signed a definitive agreement to acquire 100% of privately held zero-emission powertrain components manufacturer US Hybrid in cash and stock deal.The acquisition of US Hybrid brings to Ideanomics the application of US-built technology, for use in its own vehicles, and significantly extends the company’s capabilities in zero-emission transportation, the company said.US Hybrid will continue to service...

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Hut 8 Achieves Record-Level Revenue Results in Q1-2021; Balance Sheet Grows 134% over Fiscal 2020
Mai13

Hut 8 Achieves Record-Level Revenue Results in Q1-2021; Balance Sheet Grows 134% over Fiscal 2020

TORONTO, May 13, 2021 /CNW/ – Hut 8 Mining Corp. (TSX: HUT) (“Hut 8” or the “Company”), one of North America’s oldest, largest and most innovative Bitcoin miners, today announces its financial results for the quarter ending March 31, 2021 (“Q1-2021”). Hut 8 reports all amounts in Canadian Dollars unless otherwise stated. Bitcoin Inventory and Value Hut 8 continues to strategically...

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Sonos powers higher as analyst point to strong execution
Mai13

Sonos powers higher as analyst point to strong execution

Sonos (NASDAQ:SONO) soars after a big Q1 earnings beat and attracting some more positive attention from Wall Street firms.”F2Q earnings reflects a platform narrative that continues to strengthen with demand showing signs of sustainability, consistent execution, and improving earnings linearity, all which support a premium valuation in-line with other highquality consumer HW peers,” updates Morgan Stanley analyst Katy...

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Tesla sized up by analysts for any Bitcoin blowback
Mai13

Tesla sized up by analysts for any Bitcoin blowback

Wedbush Securities analyst Dan Ives tries to make sense of Tesla (NASDAQ:TSLA) deciding to suspend allowing the use of Bitcoin (BTC-USD) by customers to buy the company’s vehicles.”Tesla accepting transactions Bitcoin was viewed as a major step for the crypto market as now Tesla’s/Musk reversal will have a short-term negative impact on Bitcoin and the crypto landscape as the market digests this confusing news from...

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Blink Expands European Footprint With Blue Corner Acquisition
Mai12

Blink Expands European Footprint With Blue Corner Acquisition

Blink Charging Co (BLNK) acquired Blue Corner N.V. in a cash and stock deal valued at approximately $24 million, or €20 million. Following the announcement, shares of the electric services company rose 3.2% to close at $31.08 on May 11. Belgium-based Blue Corner is an Electric Vehicle (EV) charging operator. It has a portfolio of 7,071 charging ports with a strong charging network in Europe. The deal expands Blink’s EV portfolio in...

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Inovio (INO) shares gain 4% as COVID-19 vaccine induces immunity in preclinical models
Mai12

Inovio (INO) shares gain 4% as COVID-19 vaccine induces immunity in preclinical models

Inovio (NASDAQ:INO) announces that its Pan-COVID-19 vaccine candidate, INO-4802, induced potent neutralizing antibodies and T cell responses against the original Wuhan-Hu-1 (WH) strain as well as against B.1.1.7 (U.K. variant), B.1.351 (South African variant) and P.1. (Brazilian variant) in preclinical models.In addition, a hamster vaccination model showed enhanced humoral responses against SARS-CoV-2 variants of concern in a...

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Cassava Sciences granted $2.7M in new research grant from NIH (National Institutes of Health)
Mai12

Cassava Sciences granted $2.7M in new research grant from NIH (National Institutes of Health)

Cassava Sciences (NASDAQ:SAVA) received a new $2.7M research grant award from the National Institutes of Health.The grant is intended to fund clinical readiness activities in support of Cassava Sciences’ upcoming Phase 3 program with simufilam, its drug candidate for Alzheimer’s disease.”We believe simufilam’s clinical safety, unique mechanism of action and constellation of clinical and biomarker results to...

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U.S. Steel upgraded at Morgan Stanley, citing high steel price outlook
Mai11

U.S. Steel upgraded at Morgan Stanley, citing high steel price outlook

U.S. Steel (X) surges at the open as Morgan Stanley upgrades shares to Overweight from Equal Weight with a $32 price target, up from $24, as steel prices in the U.S. remain at or near all-time highs and market fundamentals support a “stronger-for-longer outlook.””Lead times are extremely extended, inventories remain low, and imports are still very limited due to healthy global prices,” Morgan Stanley’s...

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SCYNEXIS names Christine Coyne as chief commercial officer
Mai11

SCYNEXIS names Christine Coyne as chief commercial officer

SCYNEXIS (NASDAQ:SCYX) announces the appointment of Christine Coyne as the company’s chief commercial officer, effective May 10, 2021.Coyne joins SCYNEXIS with 30 years of experience in launch and commercialization of products across multiple therapeutic areas.Most recently, Coyne served as Senior Vice President, Commercial at Paratek Pharmaceuticals.Coyne will play a significant role in the anticipated U.S. launch and...

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Healthier Choices Management Corp. Reports First Quarter 2021 Financial Results
Mai11

Healthier Choices Management Corp. Reports First Quarter 2021 Financial Results

Delivered strong results with an Adjusted EBITDA improvement of 9% year-over-year HOLLYWOOD, FL, May 10, 2021 /PRNewswire/ — Healthier Choices Management Corp. (OTC Pink: HCMC) today announced its financial results for the three-month period ended March 31, 2021.  First Quarter 2021 Results and Highlights: Net sales from operations amounted to approximately $3.5 million, down 14% from the same...

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Palantir accepts bitcoin payments, could invest in cryptocurrency
Mai11

Palantir accepts bitcoin payments, could invest in cryptocurrency

During the first quarter earnings call, Palantir (NYSE:PLTR) reveals it accepts bitcoin as payment from customers and is considering investing in Bitcoin or another form of cryptocurrency.Last month, Palantir co-founder Peter Thiel controversially said that while he was pro-Bitcoin and cryptocurrency, he wondered “whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the...

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Auris Medical updates on pollen challenge study for nasal spray
Mai10

Auris Medical updates on pollen challenge study for nasal spray

Auris Medical (NASDAQ:EARS) climbed ~16.6% on Friday in apparent reaction to updates from a pollen challenge trial for its drug-free nasal spray, Bentrio.The open-label randomized cross-over trial in 36 patients has met the primary efficacy endpoint in allergic rhinitis after a single dose of Bentrio before a controlled pollen exposure for four hours.Under Bentrio therapy, the patients reported a mean increase in the Total Nasal...

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