Electric, Energy & Industrial Innovations
Faraday Future (FFAI) unveiled Future AIHER, its first AI hybrid extended‑range electric powertrain system designed to accelerate next‑generation drive systems.
APA Corporation (APA) announced a significant oil discovery at the Sockeye‑2 exploration well, drilling to 10,500 feet and uncovering a high‑quality reservoir with 25 feet of net oil pay and an average porosity of 20%.
Altus Power (AMPS) reported its Q4 and full‑year 2024 financial results with full‑year revenue of $196.3 million and a narrowed GAAP net loss of $10.7 million. Notably, TPG announced plans to acquire Altus Power at $5.00 per share, valuing the company at roughly $2.2 billion, with the transaction expected to close in Q2 2025. (read more).
Americold Realty Trust (COLD) acquired a 10.7‑million‑cubic‑foot temperature‑controlled facility in Houston, Texas for $127 million to support a major grocery retail contract and expand its cold storage capacity.
Steel Dynamics (STLD) provided Q1 2025 earnings guidance, projecting earnings of $1.36‑$1.40 per diluted share alongside robust production and a 9% dividend increase.
Permianville Royalty Trust (PVL) issued its monthly operational update, announcing no April 2025 distribution due to a cumulative net profits shortfall of approximately $1.1 million and a special cash distribution of $282,072 from Permian Basin divestiture proceeds. (read more).
Galiano Gold Inc. (GAU) reported its Q4 and full‑year 2024 results after acquiring Gold Fields’ 45% interest in the Asanko Gold Mine, producing 28,508 gold ounces in Q4 and 115,115 ounces for the year, while ending with $105.8 million in cash. (read more).
Consolidated Water (CWCO) reported full‑year 2024 revenue of $134 million with net income of $17.9 million from continuing operations, highlighting progress on its $204 million Hawaii desalination plant project. (read more).
Natural Gas Services Group (NGS) delivered strong Q4 and FY 2024 results with Q4 rental revenue of $38.2 million (+21% YoY) and full‑year net income of $17.2 million ($1.37 per share), while providing 2025 guidance projecting Adjusted EBITDA of $74‑$78 million. (read more).
Corporate Financials & Major Contracts
SAIC posted a robust Q4 FY25 performance with revenues of $1.84 billion and clinched a pivotal $1.8 billion contract win, solidifying its leadership in the defense and industrial sectors.
PepsiCo (PEP) confirmed its strategic move to acquire poppi for $1.95 billion (net $1.65 billion after tax benefits), a significant step in transforming its portfolio amid growing consumer demand for health and wellness.
Dillard's (DDS) amended and extended its $800 million senior secured revolving credit facility, now mature on March 12, 2030, providing increased flexibility for various corporate purposes. (read more).
QXO secured an $830 million private placement for roughly 67.5 million shares at $12.30 each, bolstering its strategy for an all‑cash tender offer to acquire Beacon Roofing Supply. (read more).
Kingsway Financial Services (KFS) reported full‑year 2024 results with consolidated revenue rising to $109.4 million and completed strategic transactions including share repurchases and acquisitions, despite a net loss of $8.3 million. (read more).
Biotech & Healthcare Advances
Incyte (INCY) announced positive topline Phase 3 results for povorcitinib in moderate‑to‑severe hidradenitis suppurativa, meeting primary endpoints and delivering significant clinical benefit.
Genmab A/S (GMAB) released updated Phase 1/2 study results for rinatabart sesutecan in advanced ovarian cancer, exhibiting an objective response rate of 55.6% and a disease control rate of 88.9%.
Sana Biotechnology (SANA) showcased robust Q4 and full‑year 2024 results with strong clinical outcomes and a healthy Q4 cash position of $152.5 million, reinforcing its cell therapy advancements for type 1 diabetes.
MEDIROM Healthcare Technologies (MRM) secured a new unsecured short‑term bank loan of JPY350 million (≈$2.4 million) to support working capital and development of its Mother Bracelet, strengthening its financial position. (read more).
Tech & Disruptive Developments
Rubrik (RBRK) appointed renowned cybersecurity author Nicole Perlroth as its Chief Cyber Raconteur, underscoring its commitment to fortifying market leadership in cybersecurity.
Western Digital (WDC) named Ahmed Shihab as its new Chief Product Officer, a move expected to steer product strategy and drive innovative storage solutions.
Power Integrations (POWI) launched its TinySwitch‑5 ICs, delivering up to 175W at 92% efficiency, setting new benchmarks in high‑efficiency power supplies. (read more).
Heramba Electric plc (PITA) received a Nasdaq notice for non‑compliance with the minimum bid price requirement, with shares trading below $1.00 for 30 consecutive business days amid insolvency challenges, prompting an appeal and potential reverse share split. (read more).
Consumer & Strategic Initiatives
Hepsiburada (HEPS) highlighted its “Trade and Technology Empowerment for the Earthquake Region” program, which generated over TRY 9.6 billion in trade volume and supported more than 10,400 active merchants, significantly aiding regional economic recovery.
Millicom (Tigo) announced that Atlas S.A.S., closely associated with board member Jules Niel, acquired Millicom Swedish Depository Receipts on March 14, 2025, ensuring compliance with trading mandates and transparency requirements. (read more).
