
US Battery Startup ONE Inks Production Deal With Turkey's Pomega
Pomega, a unit of Turkish technology firm Kontrolmatik Enerji Ve Muhendislik AS, will produce an initial 2 GWh of Our Next Energy's 314 Ah lithium-iron phosphate cells at its plant near the capital Ankara in 2026, rising to 5 GWh per year in 2027, the company said in a statement.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Equinix Stock (EQIX) Partners With Energy Firms to Power Global Data Centers
Equinix, Inc. (NASDAQ:EQIX) is one of the On August 14, the company announced that it is working with leading energy companies to support the needs of Equinix data centers worldwide amid increasing global electricity demands. The move reflects Equinix's diversified portfolio power strategy to help alleviate potential power constraints in the future, leveraging advanced power technologies and working directly with utilities to strengthen the grid. Not only has the company announced funding and supporting advanced transmission system upgrades with utility partners, but also investments in power solutions such as fuel cells and natural gas in order to enhance its operations while adding capacity resources to the grids. In the future, the company also intends on supporting the development of advanced nuclear technologies to produce reliable, clean power. Currently, Equinix's partnerships include those with next-generation nuclear technology providers, including Oklo (500MW), Radiant (20 microreactors), ULC-Energy (250 MWe), and Stellaria (500 MWe). A trader on the floor of the stock exchange, capturing the energy that powers the market. Its investments in power solutions include an agreement with Bloom Energy to expand the deployment of solid-oxide fuel cells to more than 100MW at over 19 data centers in six states for power generation. The company has achieved 96% renewable energy coverage globally, with 250 sites operating on 100% renewable energy in 2024. It plans on reaching 100% clean and renewable energy across its global portfolio by 2030. 'Access to round-the-clock electricity is critical to support the infrastructure that powers everything from AI-driven drug discovery to cloud-based video streaming. As energy demand increases, we believe we have an opportunity and responsibility to support the development of reliable, sustainable, scalable energy infrastructure that can support our collective future. By working with our energy partners, we believe we can support the energy needs of our customers and communities around the world by helping to strengthen the grid and investing in new energy sources.' -Raouf Abdel, Executive Vice President of Global Operations at Equinix. Equinix, Inc. (NASDAQ:EQIX) is a pure-play data center provider. While we acknowledge the potential of EQIX 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: and Disclosure: None. 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
3 hours ago
- Yahoo
Apple Ramps Up iPhone Production in India Factories
Apple (NASDAQ:AAPL) is ramping up iPhone production in India, running five factoriesincluding two brand new plantsas it looks to reduce reliance on China for U.S.-bound models, Bloomberg reported. For the first time, all four iPhone 17 models, including the high-end Pro versions, will be produced in India ahead of next month's launch. It's a milestone that marks India's growing role as a core hub in Apple's supply chain. Warning! GuruFocus has detected 8 Warning Signs with FXCOF. Between April and July, India exported $7.5 billlion worth of iPhones, an acceleration compared with $17 billion exported during the entire previous fiscal year. The expansion includes Tata Group's facility in Hosur and Foxconn's (FXCOF) site near Bangalore's airportboth of which came online recently. Tata's role is set to grow sharply, with its plants expected to account for as much as half of India's iPhone output within two years. The shift comes as Apple looks to limit tariff risks tied to China production, even as U.S. President Donald Trump has publicly urged CEO Tim Cook to stop building new facilities in India. For Apple, the bet is clear: diversify now to keep shipments steady and costs predictable. This article first appeared on GuruFocus. 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
3 hours ago
- Yahoo
What Are Wall Street Analysts' Target Price for Diamondback Energy Stock?
Diamondback Energy, Inc. (FANG), headquartered in Midland, Texas, operates as an independent oil and natural gas exploration and production company. With a market cap of $40.6 billion, the company acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Shares of this leading independent oil and gas company have considerably underperformed the broader market over the past year. FANG has declined 28.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 16.4%. In 2025, FANG stock is down 14.4%, compared to the SPX's 9.7% rise on a YTD basis. More News from Barchart Crude Oil Little Changed Ahead of Trump-Zelenskiy Meeting Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Narrowing the focus, FANG's underperformance is also apparent compared to the iShares U.S. Oil & Gas Exploration & Production ETF (IEO). The exchange-traded fund has declined about 9.2% over the past year. Moreover, the ETF's 1.5% dip on a YTD basis outshines the stock's double-digit losses over the same time frame. On Aug. 4, FANG shares closed up more than 1% after reporting its Q2 results. Its adjusted EPS of $2.67 topped Wall Street expectations of $2.63. The company's revenue was $3.7 billion, topping Wall Street forecasts of $3.3 billion. For the current fiscal year, ending in December, analysts expect FANG's EPS to decline 20.1% to $13.24 on a diluted basis. The company's earnings surprise history is mixed. It beat the consensus estimate in three of the last four quarters while missing the forecast on another occasion. Among the 29 analysts covering FANG stock, the consensus is a 'Strong Buy.' That's based on 23 'Strong Buy' ratings, three 'Moderate Buys,' and three 'Holds.' The configuration has been consistent over the past three months. On Aug. 14, Piper Sandler Companies (PIPR) analyst Mark Lear kept an 'Overweight' rating on FANG and lowered the price target to $222, the Street-high price target, implying an ambitious potential upside of 58.3% from current levels. The mean price target of $185.32 represents a 32.2% premium to FANG's current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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



