Universal Technical price target raised to $38 from $36 at Northland
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2 days ago
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Northland Raises Price Target on Red Cat Holdings Stock from $13 to $15, Keeps Outperform Rating
Red Cat Holdings, Inc. (NASDAQ:RCAT) is one of the Best Small-Cap Drone Stocks to Invest In. On August 4, Northland raised the price target on Red Cat Holdings, Inc. (NASDAQ:RCAT) stock from $13 to $15, keeping an Outperform rating. Michael Latimore from Northland Securities increased the price target on RCAT following the company's FY2025 results and notable opportunities ahead. The company posted revenue of $5.9 million for the full year 2025. The company reduced its operating expenses by almost 26% year-over-year in FY2025, driven by a streamlined team and increased operational efficiency. The company formed strategic distribution and integration alliances with Rehman International Group in the Middle East, Unique Group in the GCC region, Elektron SAS in Colombia, and Ocean Wave Solutions in South America. These collaborations expand Red Cat's distribution presence in key regions across the world. sibsky2016/ Latimore pointed out that Red Cat is much more comfortable with its expectations for rapid growth given recent government actions and filings. Moreover, the company held record backlogs of $7.6 million as of April 30, 2025, compared to $4.9 million as of April 30, 2024. Red Cat Holdings, Inc. (NASDAQ:RCAT) is a Puerto Rico-based provider of products, services, and solutions to the drone industry. The company offers services to the enterprise, military, and consumer markets. While we acknowledge the potential of RCAT 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
4 days ago
- Yahoo
Power company unveils game-changing facility that will transform electrical grid: 'Never imagined it would get this big'
Power company unveils game-changing facility that will transform electrical grid: 'Never imagined it would get this big' A new battery storage facility in Ontario, Canada, is pioneering electricity management on the grid and cleaner, more reliable energy. The Brantford Expositor reported that Northland Power and partners launched the Oneida Energy Storage facility in Nanticoke. The monumental project is Canada's first large-scale battery storage system. Oneida Energy Storage aims to solve a common problem in modern power grids. That is, balancing supply and demand with increasing renewable and nuclear energy. Large power generators — Ontario's nuclear plants — produce a steady supply of electricity. In times of low demand, there can be an excess of power. Negative electricity prices soon follow, where jurisdictions pay others to take their surplus. But during peak demand hours, the grid needs a rapid influx of power, and the Oneida facility addresses this by acting as a giant battery. It stores excess electricity when it's plentiful and cheap. Then, it releases electricity back into the grid when demand is high. The system reaches a balance and maximizes the value of clean energy sources. Using lithium iron phosphate (LFP) batteries, the technology is a safer, controllable alternative. Facility operations began in May. Its collaborators include NRStor, Aecon, the Six Nations of the Grand River Development Corporation (SNGRDC), and the Mississaugas of the Credit Business Corporation (MCBC). "The Oneida Battery Storage Project is a first-of-a-kind large battery project in Canada, here in Ontario," said Nick Zsofcsin, project director and head of energy storage for Northland Power. "This is one of the largest in the world, a really meaningful site when it comes to energy storage in general on a global scale." The project boasts a significant capacity of 250 megawatts at a four-hour duration. That's about 1% of Ontario's entire electricity grid. By 2050, Zsofcsin expects Ontario's peak electricity consumption to double. Do you think our power grid needs to be upgraded? Definitely Only in some states Not really I'm not sure Click your choice to see results and speak your mind. This project brings major benefits to both communities and the environment. Efficient storing and deploying of electricity integrates more clean energy onto the grid. It also reduces the reliance on fossil fuel power plants that cause air pollution and planet-overheating gases. The result is cleaner air for communities and a healthier planet. The Oneida facility provides notable socio-economic benefits as well. Valued at almost $700 million, the project created over 180 jobs during construction. Both the SNGRDC and the MCBC hold ownership stakes, and dividends from these investments will support their communities for the next two decades. "Our involvement in this project is one step towards wealth creation for First Nations," said Warren Sault, president and CEO of the MCBC. "Our involvement creates inspiration for community members to be involved in training and employment in the clean energy sector." "I just never imagined it would get this big," Zsofcsin added, reflecting on the vision behind this massive undertaking. The Oneida Energy Storage facility is a powerful example of large-scale battery technology. Effective battery storage is becoming a cornerstone of modern grids. Global adoption of energy solutions will create a sustainable energy future. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet. Solve the daily Crossword
Yahoo
6 days ago
- Yahoo
Astera Labs price target raised to $160 from $120 at Northland
Northland raised the firm's price target on Astera Labs (ALAB) to $160 from $120 and keeps a Market Perform rating on the shares. The ramp of the Scorpio P PCIe switch for scale-out in AI racks drove revenue upside and the firm expects continued momentum driven by new products, diversification of AI platforms, and increasing content, but maintains its rating due to valuation. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on ALAB: Disclaimer & DisclosureReport an Issue Why Is Astera Labs Stock (ALAB) Gaining Traction Today? Astera Labs price target raised to $160 from $105 at Deutsche Bank Astera Labs Reports Strong Q2 2025 Financial Results Closing Bell Movers: Snap down 17%, Super Micro down 16% on earnings Astera Labs reports Q2 EPS 44c, consensus 32c
