Latest news with #Virginia-headquartered
Yahoo
29-05-2025
- Automotive
- Yahoo
Volkswagen recalls over 170,000 vehicles. See impacted models
Volkswagen Group of America has recalled over 170,000 vehicles due to a software error that may affect certain models' rearview cameras, according to the National Highway Traffic Safety Administration (NHTSA). The Reston, Virginia-headquartered carmaker, which is a subsidiary of the Volkswagen Group of automobile companies of Germany, said the recall issued on May 22 impacts certain 2024-2025 Atlas Cross Sport and Atlas vehicles. The software error could cause the review camera image to become distorted when the car is in reverse, the NHTSA says. Due to this, the vehicles fail to comply with the Federal Motor Vehicle Safety requirements, the government agency said. "A distorted rearview camera image can reduce the driver's view of what is behind the vehicle, increasing the risk of a crash," according to the NHTSA. The Volkswagen models impacted by the recall include: Volkswagen Atlas 2024-25 Volkswagen Atlas Cross Sport 2024-25 The NHTSA said dealers will update the camera control unit software, free of charge. Owner notification letters should be mailed by July 18, according to the government agency. Owners can also contact Volkswagen customer service at 1-800-893-5298. Volkswagen's number for this recall is 91SB. Jonathan Limehouse covers breaking and trending news for USA TODAY. Reach him at JLimehouse@ This article originally appeared on USA TODAY: Volkswagen recalls more than 170k Atlas vehicles over software error
USA Today
29-05-2025
- Automotive
- USA Today
Volkswagen recalls over 170,000 vehicles. See impacted models
Volkswagen recalls over 170,000 vehicles. See impacted models 'A distorted rearview camera image can reduce the driver's view of what is behind the vehicle, increasing the risk of a crash,' the NHTSA says. Show Caption Hide Caption Ford is facing an investigation into their recall practices Two investigations look into Ford's recall practices after some were not comprehensive enough and others may not have worked to solve the problem. Scripps News Volkswagen Group of America has recalled over 170,000 vehicles due to a software error that may affect certain models' rearview cameras, according to the National Highway Traffic Safety Administration (NHTSA). The Reston, Virginia-headquartered carmaker, which is a subsidiary of the Volkswagen Group of automobile companies of Germany, said the recall issued on May 22 impacts certain 2024-2025 Atlas Cross Sport and Atlas vehicles. The software error could cause the review camera image to become distorted when the car is in reverse, the NHTSA says. Due to this, the vehicles fail to comply with the Federal Motor Vehicle Safety requirements, the government agency said. "A distorted rearview camera image can reduce the driver's view of what is behind the vehicle, increasing the risk of a crash," according to the NHTSA. What Volkswagen models are affected by recall? The Volkswagen models impacted by the recall include: Volkswagen Atlas 2024-25 Volkswagen Atlas Cross Sport 2024-25 What should Volkswagen owners with affected models do? The NHTSA said dealers will update the camera control unit software, free of charge. Owner notification letters should be mailed by July 18, according to the government agency. Owners can also contact Volkswagen customer service at 1-800-893-5298. Volkswagen's number for this recall is 91SB. Jonathan Limehouse covers breaking and trending news for USA TODAY. Reach him at JLimehouse@
Yahoo
09-04-2025
- Business
- Yahoo
Fluence Energy, Inc. (FLNC): Among Small-Cap Stocks Insiders Were Buying in Q1 2025
We recently published a list of . In this article, we are going to take a look at where Fluence Energy, Inc. (NASDAQ:FLNC) stands against other small-cap stocks insiders were buying in Q1 2025. President Donald Trump's initial unilateral 10% tariff went into effect on Saturday, at least partly causing the drop in the stock market. On Sunday, the President said 'I don't want anything to go down, but sometimes you have to take medicine to fix something,' as reported by CNBC. On Monday morning, the broader market index lost 1.87%, marking an 11% loss over the past five trading days, signaling the possibility of entering a bear market. Also, during Monday's morning session, the blue-chip companies declined 2.34% and the NASDAQ Composite lost 1.57%. Amid market uncertainty, insider trading often attracts attention. Executive stock purchases can indicate optimism, while sales might reflect personal financial decisions or investment diversification. Executives usually follow pre-arranged strategies, such as 10b5-1 plans, and insider trading should be considered alongside the company's financial health and market conditions. Today, we're focusing on stocks with small market capitalizations that have seen heavy insider buying activity in the first quarter of the year. Using Insider Monkey's insider trading screener, we identified companies with market caps between $250 million and $2 billion, where at least four insiders purchased shares in the past three months. From this list, we ranked the top 20 stocks with the highest number of insiders making purchases. Stocks that have been recently covered were excluded from our analysis. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. 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 (). For each stock, we note the number of insiders who acquired shares in the first quarter and the market capitalizations. Let's take a look at the 20 small-cap stocks insiders were buying in Q1 2025. An illustration of digital intelligence and energy storage for a modern industrial facility with servers and storage racks in the background. Number of insiders buying: 6 Market Capitalization: $782.48 million Fluence Energy provides energy storage and optimization solutions, offering products that integrate hardware, software, and digital intelligence for renewable and storage applications worldwide. Its products include large-scale and smaller-scale energy storage systems for commercial, industrial, and utility customers. The Arlington, Virginia-headquartered company also offers engineering, maintenance, and digital services to support its solutions. In February and March, six insiders, including the president and CEO, and CFO, purchased approximately $674,829 worth of Fluence Energy shares at an average price of $6.25 per share. Year-to-date the stock is down 72.85% trading at $4.31 per share. Over the past 12 months, the stock dropped 74.18%. For the fourth quarter of 2024, the company disclosed revenue of around $186.8 million, down 49% from the same quarter of 2023. GAAP gross profit margin improved to 11.4% from 10.0% in the same period of the prior year. Net loss amounted to $57.0 million, which compares to net loss of around $25.6 million in the corresponding quarter of 2023. Adjusted EBITDA was a loss of $49.7 million, compared to an adjusted EBITDA loss of $18.3 million in the fourth quarter of the previous year. Based on 20 Wall Street analysts' estimates, Fluence Energy stock is a 'Moderate Buy' with a price target of $10.31 per share, reports TipRanks. The average price target indicates a potential upside of 139.21% from the latest price. Overall, FLNC ranks 3rd on our list of small-cap stocks insiders were buying in Q1 2025. While we acknowledge the potential of FLNC, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. 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 FLNC 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. Sign in to access your portfolio
Reuters
25-03-2025
- Business
- Reuters
Smithfield Foods expects growth in sales, profit on strong packaged meats demand
March 25 (Reuters) - Smithfield Foods (SFD.O), opens new tab forecast growth in annual sales and adjusted operating profit on Tuesday, helped by strong demand for its packaged meats at grocery stores and benefits from its cost-cutting measures. The company reported its first quarterly results since going public in January, having been spun-off from the world's largest pork producer WH Group ( opens new tab. Smithfield has shifted toward buying more of the hogs it processes, rather than owning them, which helped in reducing input costs at a time when global demand tempered and costs of raising livestock went up. The Virginia-headquartered company told Reuters in January it does not plan to close more U.S. pork plants, after it closed its facility in Vernon, California and another in Charlotte, North Carolina in 2023. It also stands to benefit from focusing on its packaged meats portfolio instead of its hog production business as consumers look to make more nutritious meals at home. Sales in the packaged meats segment, which accounts for nearly 59% of the company's total sales, rose 2.2% from a year earlier in the fourth quarter. The company expects fiscal 2025 adjusted operating profit to be between $1.10 billion and $1.30 billion, the mid-point of which is above the $1.12 billion it reported for the 12 months ended December 29, 2024. While Smithfield warned of tariff risks in its initial public offering prospectus, President Donald Trump's administration said last week it plans to permanently allow U.S. pork and poultry plants to operate more quickly after some were previously given waivers to increase processing line speeds. Smithfield expects total annual net sales to rise in the low to mid-single-digit percentage range, compared with a 3.4% fall reported in fiscal 2024. In the fourth quarter, the company's total sales fell 1.2% to $3.95 billion and the company reported a profit per share of 54 cents compared with a loss of 25 cents a year earlier.
Yahoo
25-03-2025
- Business
- Yahoo
Smithfield Foods expects growth in sales, profit on strong packaged meats demand
(Reuters) - Smithfield Foods forecast growth in annual sales and adjusted operating profit on Tuesday, helped by strong demand for its packaged meats at grocery stores and benefits from its cost-cutting measures. The company reported its first quarterly results since going public in January, having been spun-off from the world's largest pork producer WH Group. Smithfield has shifted toward buying more of the hogs it processes, rather than owning them, which helped in reducing input costs at a time when global demand tempered and costs of raising livestock went up. The Virginia-headquartered company told Reuters in January it does not plan to close more U.S. pork plants, after it closed its facility in Vernon, California and another in Charlotte, North Carolina in 2023. It also stands to benefit from focusing on its packaged meats portfolio instead of its hog production business as consumers look to make more nutritious meals at home. Sales in the packaged meats segment, which accounts for nearly 59% of the company's total sales, rose 2.2% from a year earlier in the fourth quarter. The company expects fiscal 2025 adjusted operating profit to be between $1.10 billion and $1.30 billion, the mid-point of which is above the $1.12 billion it reported for the 12 months ended December 29, 2024. While Smithfield warned of tariff risks in its initial public offering prospectus, President Donald Trump's administration said last week it plans to permanently allow U.S. pork and poultry plants to operate more quickly after some were previously given waivers to increase processing line speeds. Smithfield expects total annual net sales to rise in the low to mid-single-digit percentage range, compared with a 3.4% fall reported in fiscal 2024. In the fourth quarter, the company's total sales fell 1.2% to $3.95 billion and the company reported a profit per share of 54 cents compared with a loss of 25 cents a year earlier.
