Section
The latest stocks coverage from the TrustFinance editorial desk.
Elon Musk's xAI has installed 59 unpermitted natural gas turbines for a data center near Memphis, far more than previously disclosed, sparking a legal battle over significant pollution in nearby, predominantly Black communities.
Apple shares declined after KeyBanc downgraded the stock to Underweight, citing valuation concerns. The move coincides with a broader market sell-off, an ongoing legal battle with OpenAI, and a slumping global smartphone market.
Shares of FuelCell Energy surged after UBS upgraded the stock to 'Buy' from 'Neutral' and raised its price target, providing a strong positive catalyst following a recent dilutive stock offering.
Spero Therapeutics (SPRO) saw its stock decline after announcing a $105 million financing agreement with a KKR affiliate tied to future royalties for its antibiotic, Utebzi. The non-dilutive capital is intended to fund the company's immunology pipeline and extend its cash runway.
The data center and power infrastructure company announced a 20-year lease with an unnamed technology firm for its Georgia campus, with options to extend the deal's total value to $11.6 billion.
Barclays has lowered its rating on Unicaja Banco to 'underweight' from 'equal weight', citing a demanding valuation after a recent stock re-rating, despite raising its price target for the Spanish lender.
Shares of Befesa advanced after Morgan Stanley reiterated its 'Overweight' rating, highlighting the stock's attractive valuation and strong free cash flow yield ahead of the company's upcoming earnings report.
The food and beverage giant reported a sales decline in its North American food business, as rising GLP-1 drug use and a focus on healthier eating curb demand for its core snack brands.
Shares of the glass container manufacturer fell after BofA Securities cut its rating to Underperform, citing doubts over long-term earnings targets. A broader market sell-off driven by rising oil prices added to the pressure.
