Meta's AI endgame post-talent grab
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Business Insider
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- Business Insider
What's Behind the Recent Surge in First Solar Stock (FSLR)?
First Solar's (FSLR) stock jumped 9.7% on Monday, reaching its highest level in 10 months. The rally came as four-star-rated analyst Jon Windham at UBS named FSLR stock a top pick following new IRS guidance that preserved key 2030 tax credits for the solar industry. This development has eased the uncertainty that had weighed on the sector for over a year. 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. The latest surge builds on momentum from earlier this month, when First Solar reported its Q2 results, beating expectations. Year-to-date, FSLR stock has gained 25%. Here's What Happened The U.S. Treasury Department and IRS issued new rules on clean energy tax credits that turned out to be more favorable than investors expected. The updated guidance explains how solar and wind projects can qualify for federal tax credits. Meanwhile, the new rule is especially favorable for large utility-scale projects, a key market for First Solar. For these projects, the rules now apply a 'physical work test' to determine when construction begins, replacing older and stricter requirements. Overall, wind and solar developers have traditionally depended on federal tax credits to offset the high upfront costs of clean energy projects. UBS Stays Bullish on FSLR After the favorable guidance, UBS named First Solar a top pick, pointing to lower policy risks and strong earnings growth potential. Windham noted that demand for U.S. utility-scale solar projects is outstripping supply, driven partly by the rise of AI data centers aiming for 100% clean energy. He added that this trend could boost volume growth and strengthen demand certainty for the U.S. solar industry. At the same time, domestic hardware suppliers stand to benefit from tax credit support and tariff protections. As a result, Windham projects First Solar's adjusted earnings to rise to $32 per share by 2027, up from $12 last year. They also see room for upward earnings revisions in 2026 and beyond, supported by accretive capital deployment. Additionally, UBS highlighted Nextracker (NXT) and Sunrun (RUN) as preferred picks in the current market environment. Is FSLR a Good Stock to Buy Now? Turning to Wall Street, FSLR stock has a Strong Buy consensus rating based on 15 Buys, one Hold, and one Sell assigned in the last three months. Also, the average First Solar stock price target of $217.85 implies a 0.67% downside from current levels.
Yahoo
an hour ago
- Yahoo
Ex-Twitter CEO Bounces Back After Elon Musk Firing
After being let go by earlier, Parag Agrawal, the ex-CEO of Twitter (now X), has stepped back into the spotlight with a fresh venture in artificial intelligence. Through his new venture, Parallel Web Systems Inc., Agrawal is seeking to redefine how AI conducts large-scale online research. Parag Agrawal launches new startup after Elon Musk firing After his high-profile exit from Twitter (now X) following Elon Musk's 2022 takeover, ex-CEO Parag Agrawal has returned with a bold new venture in the field of artificial intelligence. In 2023, Agrawal established Parallel Web Systems Inc.. It is a Palo Alto–based enterprise that develops cloud platforms capable of conducting large-scale online research for AI applications. Since its launch, the company has expanded to a 25-member team. It also secured $30 million in funding from leading investors such as Khosla Ventures, First Round Capital, and Index Ventures. Agrawal recently introduced the company's core product, the Deep Research API. According to him, it is the first technology to surpass both human researchers and advanced AI models. Agrawal wrote on LinkedIn, 'And today, we launched our Deep Research API – it's the first to outperform both humans and all leading models, including GPT-5 on two of the hardest benchmarks.' Parag Agrawal further highlighted that Parallel already supports 'millions of research tasks every day.' Moreover, it serves both startups and major public enterprises. The former CEO wrote, 'Some of the fastest growing AI companies use Parallel to bring web intelligence directly into their platform and agents.' Agrawal explained that organizations are using Parallel to automate traditionally human workflows with 'exceeding human-level accuracy.' Additionally, coding agents use the system to retrieve technical documentation and solve debugging issues. This entrepreneurial venture continues Parag Agrawal's career in the technology sector. Beginning as a Researcher at Microsoft in 2006, he changed several jobs over the years. Joining Twitter in 2011 as a Distinguished Software Engineer, Agrawal was promoted to Chief Technology Officer in 2017. He assumed the role of CEO in November 2021, before getting dismissed by Musk in 2022. The post Ex-Twitter CEO Bounces Back After Elon Musk Firing appeared first on Mandatory.
Yahoo
an hour ago
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Sumitomo Corporation Invests in Ursa Space to Accelerate Global Growth and Expand into Japan
ITHACA, N.Y., Aug. 20, 2025 /PRNewswire/ -- Ursa Space Systems, a leading provider of satellite-based analytic solutions, today announced a strategic investment from Sumitomo Corporation of Americas, the largest subsidiary of Sumitomo Corporation which is one of Japan's largest integrated trading and investment conglomerates. This investment marks a significant milestone in the company's expansion and strengthens its ability to serve customers across Asia, particularly in the Japanese market. As a global leader in geospatial AI solutions, Ursa Space delivers insights derived from the world's most comprehensive virtual constellation of commercial Earth observation data. The company's next-generation geospatial platform provides rapid, scalable, and automated remote sensing solutions to decision-makers across the commercial sector. "Partnering with Sumitomo as we expand into Japan positions us strongly for success," said Adam Maher, CEO of Ursa Space Systems. "We're thrilled by Sumitomo's investment and the trust they've placed in our vision. This partnership will enable us to bring the power of geospatial solutions to a wider audience and accelerate our mission to deliver insights at unmatched speed and scale." "We very much appreciate this opportunity to invest in and embark on a journey with Ursa Space Systems, one of the leading geospatial intelligence companies to offer AI-enabled user- friendly solution to the Japanese market," said Randy Yoshimura, SVP & General Manager of Sumitomo Corporation of Americas' Aerospace, Defense & Technology Group. Ursa Space's solutions are used to detect real-time changes in the physical world through multi-modal satellite imagery and data fusion, enabling customers to make confident, data-driven decisions. The company's subscription and custom monitoring services overcome traditional limitations of geography, weather, and political boundaries. With this new round of funding, Ursa Space will grow its capabilities, expand its reach into Asia, and further enhance its platform to meet the demands of a global customer base. The revolutionary orchestration capabilities of the company's platform represent a paradigm shift from image-first to indicator-first analysis. The simple user experience breaks down a complicated process that can take weeks into one that takes minutes. It provides analysts and operators with timely, easily accessible, and relevant commercial satellite solutions. Sumitomo joins existing investors in Ursa Space, which includes Dorilton Capital and RRE Ventures, among others. About Ursa Space Systems Ursa Space Systems builds the software and AI agents that guide the acquisition, analysis, and integration of satellite and geospatial data into customer workflows, delivering valuable insights for commodity markets. By leveraging satellite data and advanced analytics, Ursa Space provides fast, actionable information to a range of industries, including finance and energy. About Sumitomo Corporation Sumitomo Corporation (TYO: 8053) is an integrated trading and business investment company with a strong global network comprising 129 offices in 66 countries and regions. The Sumitomo Corporation Group consists of approximately 900 companies and 80,000 employees on a consolidated basis. The Group's business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of "Enriching lives and the world," based on Sumitomo's business philosophy passed down for over 400 years. View original content to download multimedia: SOURCE Ursa Space Systems
