PowerTap Hydrogen Capital Stock (OTC: MOTNF)

Latest news for PowerTap Hydrogen Capital (OTC:MOTNF) Stock

PowerTap Hydrogen Capital Corp is engaged in the development of hydrogen fueling operations across the United States.

News

Penny Stocks

Contracts

CGRN

MOTNF

Capstone Green Energy Corp (NASDAQ: CGRN) and PowerTap Hydrogen Capital Corp (OTC: MOTNF) have 

PowerTap, Capstone Green Energy Ink Strategic Licensing, Contract Manufacturing Agreement

POWERTAP HYDROGN CAP CORP by Powertap Hydrogen Capital Corp.

PowerTap Hydrogen Capital Corp

Jefferies analyst Rob Dickerson maintains WK Kellogg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) with a Hold and lowers the price target from $19 to $16.

Price Target

Analyst Ratings

Jefferies Maintains Hold on WK Kellogg, Lowers Price Target to $16

The Food and Drug Administration on Tuesday approved Ozempic, the weight loss drug made by Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>), for the treatment of chronic kidney disease in patients who also <a href="https://www.benzinga.com/25/01/42875977/novo-nordisk-seeks-to-strengthen-its-obesity-pipeline-with-back-to-back-two-biobuck-deals">have type 2 diabetes. </a>
The Details: According to the Centers for Disease Control and Prevention, more than 35.5 million Americans have chronic kidney disease, often as a complication of type 2 diabetes. The new FDA approval allows for further expansion of Ozempic's use and potential coverage by health insurance plans.&nbsp;
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43254018/sofi-stock-falls-on-soft-guidance-despite-strong-quarter-with-record-member-growth-loan-originations-analyst"> SoFi Stock Falls On Soft Guidance Despite &#8216;Strong Quarter&#8217; With Record Member Growth, Loan Originations: Analyst&nbsp;</a>
The FDA approval "allows us to more broadly address conditions within cardiovascular-kidney-metabolic syndrome, which affects millions of adults and could have serious consequences if left untreated," Anna Windle, a senior vice president at Novo Nordisk, said in a statement Tuesday, per a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-01-28/novo-s-ozempic-notches-approval-for-kidney-disease-widening-use?sref=TBDibEcD">report</a>.&nbsp;
Ozempic and other diabetes drugs known as GLP-1s have become popular and also well-known for their high cost.&nbsp;
Earlier in January, Novo Nordisk's diabetes and weight loss drugs, Ozempic, Rybelsus, and Wegovy were all added to the U.S. Department of Health and Human Services list of drugs covered under Medicare Part D that<a href="https://www.benzinga.com/25/01/43062779/popular-ozempic-wegovy-selected-for-next-round-of-medicare-drug-price-negotiations"> have been selected</a> for mandated price negotiations in order to reduce <a href="https://www.benzinga.com/general/biotech/24/08/40534249/novo-nordisks-ozempic-might-be-among-2027-medicare-price-negotiation-targets">prescription drug costs</a>.
The negotiations will take place in 2025, with the new prices slated to take effect in 2027.
NVO Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Novo Nordisk shares ended Tuesday's session down 2.65% at $85.19.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/43287988/microsoft-q2-preview">Microsoft Q2 Earnings Preview: Street &#8216;Too Optimistic&#8217; On Near-Term AI Returns?&nbsp;</a></li>
</ul>
Photo: Shutterstock

Biotech

Health Care

Movers

Trading Ideas

General

Ozempic Receives FDA Approval To Treat Kidney Disease

Trading Halt: Halt status updated at 5:50:00 PM ET: Quotation Resumption: News and Resumption Times

Finward Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNWD#NASDAQ">FNWD</a>) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.20 by 145 percent. This is a 40 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $16.34 million which beat the analyst consensus estimate of $16.00 million by 2.12 percent. This is a 5.75 percent increase over sales of $15.45 million the same period last year.

Earnings

Earnings Beats

FNWD

Finward Bancorp Q4 2024 GAAP EPS $0.49 Beats $0.20 Estimate, Sales $16.34M Beat $16.00M Estimate

Compass Point analyst Giuliano Bologna upgrades Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) from Sell to Neutral and raises the price target from $20 to $61.

Upgrades

AFRM

Compass Point Upgrades Affirm Holdings to Neutral, Raises Price Target to $61

The options include a possible sale of the company, business combination, sale of all or part of the Company's assets, licensing of assets, restructuring, or other strategic action.

23andMe Reveals Process To Explore Strategic Alternatives

Compass Point analyst Joe Flynn initiates coverage on Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) with a Buy rating and announces Price Target of $10.

Initiation

APLD

Compass Point Initiates Coverage On Applied Digital with Buy Rating, Announces Price Target of $10

Synaptics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>) shares are rising in extended trading Tuesday after the company signed a <a href="https://www.benzinga.com/pressreleases/25/01/g43286953/synaptics-accelerates-edge-ai-strategy-with-new-broadcom-agreement">licensing agreement with Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</a>.
What Happened: After the market close on Tuesday, Synaptics announced it&#8217;s accelerating its Edge <a href="http://benzinga.com/topic/ai">AI</a> strategy through a definitive licensing agreement with Broadcom.
The agreement includes Wi-Fi&nbsp;8, ultra-wideband (UWB), Wi-Fi 7, advanced Bluetooth and GPS/GNSS products and technology for IoT and the Android ecosystem.
&#8220;Our wireless technology and capabilities are cornerstones of our success in IoT markets,&#8221; said Michael Hurlston, president and CEO of Synaptics. 
&#8220;We are now developing this expertise to enable ecosystems with centralized control and seamless connectivity to a rapidly growing array of Edge AI devices. Our platform history, proven track record, and strategy uniquely position us to integrate Broadcom&#8217;s technology and fully deliver on the potential of IoT connectivity.&#8221;
Check This Out: <a href="https://www.benzinga.com/general/restaurants/25/01/43288533/starbucks-q1-earnings-revenue-beat-eps-beat-memberships-up-1-positive-response-to-turnaround-efforts">Starbucks Q1 Earnings: Revenue Beat, EPS Beat, Memberships Up 1%, &#8216;Positive Response&#8217; To Turnaround Efforts</a>
Synaptics said the deal is expected to add&nbsp;at least $40 million in annualized sales. The company also expects the transaction to be immediately accretive to adjusted earnings per share. 
The all-cash transaction is expected to close on Jan. 30. Financing details were not provided, but Synaptics said it will provide more information on the transaction when it reports <a href="https://www.benzinga.com/calendars/earnings">second-quarter earnings</a> on Feb. 6. 
Analysts currently expect Synaptics to report earnings of 86 cents per share and revenue of $265.14 million for the second quarter, according to <a href="http://pro.benzinga.com">Benzinga Pro</a> estimates.
SYNA Price Action: Synaptics shares were up 5.13% in after-hours, trading at $84.66 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
This illustration was generated using artificial intelligence via Midjourney.

After-Hours Center

Tech

AVGO

SYNA

Synaptics Stock Climbs On Broadcom Deal Focused On Edge AI

MGNI

Magnite Says Working With Sky New Zealand To Power Programmatic Advertising On Sports Streaming Platform, Sky Sport Now

Compass Point analyst David Rochester downgrades Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) from Buy to Neutral and announces $70 price target.

Downgrades

Compass Point Downgrades Synchrony Finl to Neutral, Announces $70 Price Target

Through this contract, Planet joins the Copernicus Contributing Missions, officially contributing commercial satellite data alongside ESA's Sentinel satellite data to the Copernicus services.

Planet Labs Germany GmbH Signs Multi-year Contract With The European Space Agency

CIBC analyst Paul Holden maintains Sun Life Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SLF#TSX">SLF</a>) with a Outperformer and raises the price target from C$96 to C$97.

TSX:SLF

CIBC Maintains Outperformer on Sun Life Financial, Raises Price Target to C$97

It is payable March 17, 2025, to shareholders of record at the close of business on March 3, 2025.

Dividends

Stifel Financial Boosts Quarterly Common Stock Cash Dividend By 10% From $0.42 To $0.46 Per Share

This settlement concludes Aspen's legal action against AMA regarding the unauthorized sale of infringing aerogel insulation materials in Europe.

Legal

ASPN

Aspen Aerogels Reaches Agreement To Resolve Its Patent Dispute With AMA; No Terms Disclosed

CIBC analyst Paul Holden maintains Manulife Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MFC#TSX">MFC</a>) with a Neutral and raises the price target from C$46 to C$47.

TSX:MFC

CIBC Maintains Neutral on Manulife Financial, Raises Price Target to C$47

Primis Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRST#NASDAQ">FRST</a>) reported quarterly losses of $(0.65) per share which missed the analyst consensus estimate of $0.11 by 690.91 percent. This is a 285.71 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $39.30 million which beat the analyst consensus estimate of $24.78 million by 58.63 percent. This is a 0.17 percent increase over sales of $39.24 million the same period last year.

Earnings Misses

FRST

Primis Finl Q4 Adj EPS $(0.65) May Not Be Comparable to $0.11 Estimate, Sales $39.30M Beat $24.78M Estimate

Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.22 by 36.36 percent. This is a 44 percent decrease over earnings of $0.25 per share from the same period last year.

FFIC

Flushing Financial Q4 2024 Adj EPS $0.14 Misses $0.22 Estimate

To improve financial condition and liquidity position, it is attempting to raise additional capital and working to implement cost-cutting measures, including additional reductions in operating expenses, negotiating terminations of long-term real estate leases, and attempting to reach a settlement covering all U.S. customers affected by the cyber incident as well as to resolve non-U.S. litigation and ongoing investigations from various governmental agencies arising from the cyber incident.

Guidance

23andMe Notes Continued Concerns Regarding Liquidity, Consideration Of Potential Ways To Address Operational And Financial Challenges

Barclays analyst Christine Cho maintains Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) with a Equal-Weight and lowers the price target from $18 to $15.

Barclays Maintains Equal-Weight on Sunrun, Lowers Price Target to $15

Three-year targets of 20% revenue CAGR and achievement of cash flow breakeven.

NPCE

NeuroPace Expects FY25 Revenue Of $92M – $96M (Est $91.239M), Gross Margin Of 73% – 75%

PowerTap Hydrogen Capital

Capstone Green Energy Corporation (<a href="https://pr.report/9tkOCMPm">www.CapstoneGreenEnergy.com</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGRN#NASDAQ">CGRN</a>) (&quot;Capstone&quot; or the &quot;Company&quot;), a global leader in carbon reduction and on-site resilient green energy as a service (EaaS) solutions, announced today that it has entered into a strategic licensing and manufacturing agreement with PowerTap Hydrogen Capital Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MOTNF#OTC">MOTNF</a>)(NEO:MOVE).

Aiming at becoming an industry leader in on-site hydrogen production and fueling, PowerTap has developed and patented a compact Steam Methane Reforming (SMR) technology to create on-site hydrogen production versus traditional methods. As a result of the new strategic agreement, Capstone Green Energy will manufacture the small footprint product for use in fueling stations and as part of its distributed energy, low emission microgrid solutions. The PowerTap product turns natural gas, including renewable natural gas (RNG), into on-site hydrogen and intends to leverage an innovative carbon capture system.

&quot;In August 2020, PowerTap acquired the intellectual property portfolio of Hydrogen Fuel Technology&quot;, stated PowerTap Senior Advisor David Bray. &quot;More recently, PowerTap has partnered with the Andretti Group, a family of automotive product and service companies, in order to leverage the group&#39;s vast network and dedication to excellent on-site operations. PowerTap will work hand-in-hand with the Andretti Group at the site level to drive an exciting customer experience with hydrogen fueling. The new partnership with Capstone will further those ambitions,&quot; added Mr. Bray.

The Capstone Green Energy strategic licensing and manufacturing agreement will enhance PowerTap&#39;s product development efforts and facilitate the manufacturing of their commercial hydrogen production and fueling products.

&quot;The PowerTap third generation, on-site blue hydrogen production, and dispensing system is a unique solution that will drive the deployment of needed hydrogen infrastructure in the U.S. and abroad,&quot; said Raghu Kilambi, Chief Executive Officer of PowerTap Hydrogen Capital Corp. &quot;We selected Capstone Green Energy for their proven product development, certification, and manufacturing expertise. The strategic licensing and manufacturing agreement with Capstone Green Energy will facilitate the manufacturing and commercialization of our hydrogen production and fueling products,&quot; added Mr. Kilambi.

The agreement is a part of the broader strategic plan for Capstone Green Energy as it supports the company&#39;s ongoing product development goals for energy efficiency and microgrid applications using hydrogen and hydrogen blends. This initiative started many years ago with the patent of a hydrogen fuel injector, which has resulted in Capstone&#39;s recent successful lab testing of 100% hydrogen microturbine energy systems. Capstone Green Energy&#39;s development of hydrogen solutions is accelerating, driven by momentum in the hydrogen economy that is advancing a broad range of technologies as well as longer-term infrastructure planning.

&quot;We continue to expand our presence within the ever-changing energy landscape through our complementary network partners and technologies that enable Capstone Green Energy&#39;s customers to achieve their carbon reduction goals at a realistic cost,&quot; said Capstone Green Energy President and Chief Executive Officer, Darren Jamison. &quot;Capstone Green Energy looked at several hydrogen products and hydrogen conversion technologies. We selected PowerTap because their innovative product is designed to eliminate the significant cost and complication of delivered hydrogen and secure a dedicated on-site hydrogen supply for our hydrogen-fueled microturbine systems,&quot; added Mr. Jamison.

&quot;As a distributed energy and energy as a service (EaaS) solution provider, the Capstone Green Energy products can be located adjacent to a hydrogen generation source, such as PowerTap&#39;s innovative offering, reducing the efficiency losses and costs that come with converting and transporting hydrogen,&quot; stated Capstone Green Energy Chief Revenue Officer, Jim Crouse. &quot;Combined with proposed hydrogen production and efficiency investment tax credits, the Capstone on-site solution becomes a cost-competitive, quick-to-market, best-value option enabling customers to reduce or even eliminate their carbon emissions greatly.&quot;

Mr. Crouse concluded, &quot;Today, hydrogen is believed by many to be the holy grail of carbon-free baseload power and distributed generation. As we improve our ability to produce hydrogen economically on site, hydrogen-fueled combined heat and power (H-CHP) and highly resilient microgrids have the ability to revolutionize the energy industry.&quot;

Capstone Green Energy Partners With PowerTap On Strategic Licensing And Manufacturing Agreement

Capstone Green Energy Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGRN#NASDAQ">CGRN</a>) and&nbsp;PowerTap Hydrogen Capital Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MOTNF#OTC">MOTNF</a>) have&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/11/g24323366/powertap-partners-with-capstone-green-energy-cgrn-nasdaq-on-strategic-licensing-and-contract-manuf" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">signed strategic manufacturing and licensing agreement</a>&nbsp;for the prototype manufacturing of PowerTap&#39;s proprietary 3rd generation hydrogen production and dispensing station. Financial terms were not disclosed.

<ul>
	<li>Each PowerTap Unit is modular in design and utilizes PowerTap&#39;s technology to produce and dispense blue hydrogen onsite.</li>
	<li>PowerTap is focused on meeting the large deficiency in hydrogen infrastructure via its unique PowerTap 3 on-site hydrogen production and fueling system.</li>
	<li>The PowerTap 3rd generation turns natural gas, including renewable natural gas, into onsite hydrogen.</li>
	<li>Capstone Green Energy will manufacture the small footprint product for PowerTap for use in fueling stations and as part of Capstone&#39;s distributed energy low emission microgrid solutions.</li>
	<li>Price Action:&nbsp;CGRN shares closed higher by 1.2% at $5.04 and MOTNF higher by 5.49% at $0.39 on Friday.</li>
</ul>

Comments

PowerTap Hydrogen Capital

News

Latest news for PowerTap Hydrogen Capital (OTC:MOTNF) Stock

Monday, November 29, 2021

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga