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Generac soared to $208.14 on Friday, the third-best showing in the S&P 500, as investors kept rewarding the backup-power maker for its data-centerSupplyagreement with Amazon.
●Sales growth:First-quarter fiscal 2027 sales rose 13% year over year to $344 million, withGAAPEPS of $0.87 versus $0.70 a year earlier.
●Strategic pivot:Quantum Cyber is narrowing its focus to quantum-navigation technology, attack and interceptor drones, and its MAHCA swarm-control software.
●Impairment:ArcelorMittal expects to record a non-cashImpairmentof approximately $1 billion, mainly against property, plant and equipment, at its Kryvyi Rih plant.
●Steep repricing:Ocean Power Technologies exchanged all outstanding Series C-1 convertible notes for new Series D notes, cutting the conversion price from $12.00 to $2.45 per share.
●Non-binding LOI:Nauticus Robotics entered a letter of intent contemplating a privatePlacementEquityInvestmentof up to $50 million from an unnamed strategic investor.
●Option secured:Tessera Israel paid $1 million for a 90-day exclusive option to acquire a 51% stake in RT LTA Systems Ltd.
●Profit Jump:Net income climbed 23.7% to $453.8 million, pushing diluted EPS to $3.85 from $3.05.
●Court Ruling Issued::A São PauloBankruptcycourt issued a decision in Braskem's extrajudicial reorganization proceeding.
Caterpillar (NYSE:CAT) edged higher on Friday as falling oil prices and a broad rush into industrial stocks helped the Dow snap a three-week losing streak.
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