Latest news with #URG
Canada Standard
05-06-2025
- Business
- Canada Standard
Top French robotics firm goes into liquidation
Aldebaran, renowned for its androids capable of recognizing human emotions, has accumulated debt exceeding 60 million Aldebaran, a French company that blazed the trail in the field of 'empathetic' humanoid robots in the late 2000s, has been put into liquidation, local media has reported. The tech pioneer was placed into bankruptcy proceedings in January, and then in receivership the following month. On Monday, the receiver, along with the auctioneer, announced the "immediate cessation of activity" and termination of their contracts to the company's remaining 106 employees, according to Othman Meslouh, deputy secretary of Aldebaran's social and economic committee (CSE). The Paris Commercial Court passed the verdict earlier in the day. The receiver is now expected to start selling off the company's profitable assets, including its patents, to settle Aldebaran's outstanding debts that have exceeded €60 million ($68 million). In recent months, two takeover contenders, Franco-Swiss businessman Jean-Marie Van Appelghem and Canadian investor Malik Bachouchi, had made bids for the company. However, the former's overture was not backed by the receiver and Aldebaran's management, while the latter was rejected by the court, as Bachouchi earlier told Le Monde. From 2012 to 2022 - considered the company's heyday - it was owned by Japan's Softbank Robotics Group. Some time after it was acquired by the German company United Robotics Group (URG), a subsidiary of the RAG-Stiftung, the situation began to deteriorate, according to Meslouh. He told AFP that the new owner "no longer wanted to invest in the company." This claim was echoed by another anonymous employee cited by Le Monde, who said URG "asked us to be profitable within two years" even though development "cycles take five to seven years." The unnamed engineer also lamented that the owner had underinvested in Aldebaran's research and development. In the late 2000s, the company rolled out Nao, its first humanoid robot, touted as a "versatile educational companion, widely used in classrooms and research labs for its ability to teach programming, foster social learning, and support research projects." The model was followed by Plato, designed to support healthcare and hospitality environments, and Pepper, capable of recognizing and responding to human emotions and specifically tailored for customer-facing roles. According to the company's website, its robots have found application in more than 70 countries over the years. However, the total number of units sold was a mere 30,000, L'Express estimated. (
Yahoo
18-04-2025
- Business
- Yahoo
Why Ur‑Energy Inc. (URG) Stock is Gaining This Week
We recently compiled a list of the Energy Stocks that are Gaining This Week. In this article, we are going to take a look at where Ur‑Energy Inc. (NYSE:URG) stands against the other energy stocks. After finding itself right in the crosshairs of President Trump's global trade war, the energy industry itself has finally found some respite over the last week. At the time of writing this piece, the overall energy sector surged by more than 6% over the last five days, compared to gains of just around 0.9% by the wider market. After falling to a multi-year low, the Brent crude oil price has also increased by over 7.4% over the last five days and is now hovering just below the $68 mark. One sector that has benefited greatly from the escalating trade tensions between US and China is that of uranium. After President Trump ordered a probe into potentially imposing tariffs on critical mineral imports, including uranium, investors are piling in to acquire stakes in domestic uranium companies. The sector has also been a hot topic recently due to a renewed global interest in nuclear energy, which has emerged as a leading candidate to power the ongoing AI boom and its accompanying data centers. A great example is how America's all three leading cloud services companies signed deals last year to procure nuclear-powered energy. Aerial view of the vast landscape of Great Divide Basin, Wyoming. To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between April 9 and April 16, 2025. Following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Share Price Gains Between Apr. 9 – Apr. 16: 9.41% Ur‑Energy Inc. (NYSE:URG) is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. Ur‑Energy Inc. (NYSE:URG) reported its Q4 2024 results last week, posting a revenue of $22.65 million, up by a significant 316.34% from Q4 2023 and beating estimates by $878,000. Moreover, the company reported an increase in uranium production in 2024, capturing a total of 265,746 pounds of U3O8 against 103,487 pounds in 2023. URG also ended the year with cash resources of $76.1 million, compared to $59.7 million on December 31, 2023. Overall, URG ranks 8th on our list of the energy stocks that gained the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than URG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
