Pear Therapeutics Inc Warrants (29/01/2026) Stock (OTC: PERWQ)

Latest news for Pear Therapeutics Inc Warrants (29/01/2026) (OTC:PERWQ) Stock

Pear Therapeutics Inc Warrants (29/01/2026)

Wells Fargo analyst Brandon Couillard initiates coverage on Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) with a Equal-Weight rating and announces Price Target of $280.

News

Price Target

Initiation

Analyst Ratings

Wells Fargo Initiates Coverage On Danaher with Equal-Weight Rating, Announces Price Target of $280

The Company has been provided until October 7, 2024, to submit a plan to regain compliance with the minimum stockholders&#39; equity standard.&nbsp;

Versus Systems Receives Letter From Listing Qualifications Department Staff Of Nasdaq Regarding Minimum Stockholders' Equity Deficiency

Keefe, Bruyette &amp; Woods analyst Timothy Switzer initiates coverage on VersaBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBNK#NASDAQ">VBNK</a>) with a Outperform rating.

VBNK

Keefe, Bruyette & Woods Initiates Coverage On VersaBank with Outperform Rating

A decommissioned nuclear power plant in Michigan is being brought back to life.
Pushed by a growing need for carbon-free energy, the Palisades nuclear power plant will be the first in the U.S. to be recommissioned after shutting down.
The Palisades plant was built in the late 1960s and began running in 1973. It was purchased in 2006 by Louisiana-based electricity producer Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>), which ran it until 2022.
Although the plant had a license extension that allowed it to be active until 2031, Entergy chose to shut it down, citing the high costs associated with running a nuclear power plant.
The plant was sold to nuclear equipment provider Holtec International, which was in charge of taking the plant out of commission.
In 2022, Holtec announced plans to re-open the facility, something that has never been done before in the U.S.
This year, the U.S. Department of Energy announced a commitment of $1.52 billion in loans to finance the restoration and resumption of service of the plant in the hands of Holtec.
According to a WSJ <a href="https://www.wsj.com/business/energy-oil/biden-nuclear-power-plant-loan-michigan-eee64904?mod=hp_lead_pos7">report</a>, the company is now working on restoring the facility to modern-day standards. The plant will be back online by October 2025, according to the company's plans.
<h3 class="wp-block-heading">Nuclear Gets Revamped&nbsp;</h3>
A growing need for electricity is behind the renewed interest in nuclear energy.
In a recent interview with Elon Musk, former President Donald Trump <a href="https://www.benzinga.com/news/24/08/40329545/trump-left-shocked-by-power-hungry-ai-tells-elon-musk-requires-twice-the-energy-that-the-country-alr">expressed shock at the amount of electricity required</a> to fuel artificial intelligence systems.
The AI revolution is<a href="https://www.benzinga.com/markets/equities/24/06/39489296/as-the-ai-race-rages-on-depletion-of-energy-and-water-resources-poses-a-new-threat"> doubling demand for data center power</a> and will eventually consume <a href="https://www.benzinga.com/markets/asia/24/04/38163078/ai-could-consume-25-of-us-power-by-2030-the-more-information-they-gather-the-more-power-it-takes-war">25% of all U.S. power </a>by 2030, according to Arm Holdings PLC &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) CEO Rene Haas.
<a href="https://www.goldmansachs.com/insights/articles/AI-poised-to-drive-160-increase-in-power-demand">According</a> to Goldman Sachs, data centers will use 8% of U.S. power by 2030, up from 3% in 2022.
Former Microsoft CEO Bill Gates recently said to <a href="https://www.benzinga.com/news/24/06/39543587/bill-gates-dismisses-concerns-that-big-techs-investment-in-power-hungry-ai-says-it-will-ultimately-o">"not go overboard" with panic over energy-hungry AI systems</a>, as investment from Big Tech companies into clean energy might help boost the shift toward green energy production.
Read Also: <a href="https://www.benzinga.com//node/40409572">Nvidia AI Dominance Challenged By Asian Startups Betting On Energy-Efficient And Cost-Effective Silicon — &#8216;Inference&#8217; And &#8216;Training&#8217; Chips Emerge As Key Focus</a>
The Biden administration has placed a high bet on the ability of nuclear power to free the country from its dependency on fossil fuels to produce energy.&nbsp;
Fossil fuels account for 60% of U.S. electricity production, according to the Energy information Administration.
The Biden White House has set the goal of having a zero-emission power grid by 2035 and has included several tax credits and other incentives for nuclear within the <a href="https://www.benzinga.com/topic/inflation-reduction-act">Inflation Reduction Act of 2022</a>.
The government recently set-up <a href="https://www.benzinga.com/government/24/06/39553699/us-to-invest-2-7b-in-domestic-uranium-cutting-reliance-on-russia">a $2.7-billion investment in U.S.-made uranium</a> to decrease dependency on Russian imports.
Interest in nuclear power dropped as fracking practices opened the floodgates for cheap natural gas, which lowered the cost of burning gas to produce electricity.
Isolated nuclear plant accidents helped strengthen public rejection of the technology. These include the meltdown of the Three Mile Island reactor in 1979, the Chernobyl disaster in 1986 in Ukraine and the Fukushima accident in Japan in 2011.
High construction costs and continuing concerns regarding the storage of nuclear waste continued to weigh against the development of new nuclear energy projects in recent decades.
<h3 class="wp-block-heading">New Projects Come Online</h3>
The nuclear sector might be getting a new push. A Pew Research Center <a href="https://www.pewresearch.org/short-reads/2024/08/05/majority-of-americans-support-more-nuclear-power-in-the-country/">survey</a> from May of this year found that support for nuclear power in the U.S. has grown consistently throughout the last 10 years. 
Today, 56% of U.S. adults support the development of nuclear energy projects.
The U.S. has 94 active nuclear reactors, down from a peak of 111 in the late 1990s. These exist in 54 nuclear power plants in 28 states.
The two newest reactors launched commercial operations in 2023 and 2024 at the Alvin W. Vogtle Electric Generating Plant in Georgia. They're operated by Southern Nuclear, a subsidiary of Southern Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>).
The two reactors cost $35 billion to build, <a href="https://www.eenews.net/articles/after-vogtle-whats-next-for-nuclear/">according</a> to E&amp;E News.
Some companies working on advanced reactor designs are looking to obtain licenses from the Nuclear Regulatory Commission to build new reactors.
Nuscale Power Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>), a company developing small modular reactors, canceled its project to build a six-reactor, 462-megawatt plant in Utah in 2023 after several municipalities pulled out due to high construction costs, Reuters reported.
The company is expecting to deploy two dozen small modular reactors for plants in Ohio and Pennsylvania, per E&amp;E News.
Other companies are developing new projects that still need demonstrations to become mainstream technology.
Kairos Power is developing a test reactor in Oak Ridge, Tennessee to test its fluoride salt-cooled, high temperature reactor technology. The company has received a $303-million pledge from the Department of Energy to complete this project.
Earlier this month, TerraPower, a company founded by Bill Gates, <a href="https://www.benzinga.com/news/24/06/39263769/bill-gates-terrapower-ventures-into-advanced-nuclear-plant-construction-aiming-to-combat-climate-cri">started building its first advanced reactor in Wyoming</a>, which, like Kairos', doesn't use water for cooling.
ETFs To Watch
<ul>
<li>The VanEck Uranium and Nuclear Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) which follows the nuclear power sector, gained 0.21% Tuesday and is up 2.4% in the last five trading days.</li>
</ul>
<ul>
<li>Global X Uranium ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URA#NYSE">URA</a>), following the global uranium market, is up 4.3% in the last five trading days.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39755062/nano-nuclears-18m-upsized-offering-eyes-funding-for-advanced-micro-nuclear-reactor-designs">Nano Nuclear&#8217;s $18M Upsized Offering: Eyes Funding for Advanced Micro Nuclear Reactor Designs</a></li>
</ul>
Palisades Nuclear Plant photo via Nuclear Regulatory Commission.

Markets

General

Power-Hungry AI Revives Interest In Nuclear Energy: Michigan To Reopen Closed Plant For First Time In History

GameStop Corp.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) second <a href="https://www.benzinga.com/news/24/05/38801786/gamestop-trader-roaring-kitty-sparks-wall-street-rally-in-heavily-shorted-stocks-what-you-need-to-kn">meme stock surge</a> this spring hasn't attracted the swarm of retail investors that made the company famous in 2021, according to trade data released Monday by the Securities and Exchange Commission.
Retail participation in GameStop was roughly half what it was during the original frenzy in January 2021, judging by odd lot volume as a percentage of all volume during the May rally, according to the SEC trade data released on Tuesday, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-08-27/gamestop-s-may-meme-revival-saw-dropoff-in-retail-participation?srnd=homepage-americas&amp;embedded-checkout=true&amp;sref=TBDibEcD">reported</a>.
 Odd lots, or trades of less than 100 shares, can serve as a rough proxy for retail participation since individual investors typically trade smaller quantities, while institutional investors tend to trade in round lots, which are orders divisible by 100.
GameStop shares surged in May, rising from $10.91 on May 1 to a high of $64.83 on May 14, after &#8220;Roaring Kitty,&#8221; also known as Keith Gill—the social media persona credited with sparking the 2021 meme stock trading frenzy—posted about GameStop on X <a href="https://www.benzinga.com/general/education/24/05/38793704/who-is-roaring-kitty-why-does-his-return-to-social-media-matter-for-gamestop-stock">following a three-year hiatus.</a>
Read Also: <a href="https://www.benzinga.com/news/24/05/38789404/gamestops-rally-resumes-in-may-what-sparked-the-interest">GameStop&#8217;s Rally Resumes In May &#8211; What Sparked The Interest?</a>
In the May 14 post, Gill shared a drawing depicting a man leaning forward in a chair, a widely recognized meme among gamers signaling heightened intensity or seriousness.
GameStop shares went as high as $120.75 in January 2021 after Gill's Reddit posts in the Wallstreetbets group boasted about his profits from investing in GameStop.
The rally had spread to highly shorted stocks, including AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) as Reddit users joined forces to squeeze hedge funds who bet against GameStop and other companies.
Roaring Kitty sparked a frenzy among day traders, who rallied to invest heavily in GameStop stocks and call options from 2020 to 2021.&nbsp;
This collective action caused a short squeeze, resulting in GameStop shares skyrocketing by 1,700% during the 2021 price surge.
Price Action: GameStop declined 2.90% to close at $20.74 on Tuesday.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/05/39043258/gamestop-rally-returns-after-share-offering-how-will-company-use-1-billion-in-proceeds">GameStop Rally Returns After Share Offering: How Will Company Use $1 Billion In Proceeds?</a></li>
</ul>
Photo: Shutterstock

GameStop's Second Meme Surge Fails To Draw 2021's Retail Investor Crowd, SEC Data Shows

Wells Fargo analyst Brandon Couillard initiates coverage on Mettler-Toledo Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTD#NYSE">MTD</a>) with a Equal-Weight rating and announces Price Target of $1400.

Wells Fargo Initiates Coverage On Mettler-Toledo Intl with Equal-Weight Rating, Announces Price Target of $1400

Roth MKM analyst Benjamin Paluch initiates coverage on Genelux (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLX#NASDAQ">GNLX</a>) with a Buy rating and announces Price Target of $10.

GNLX

Roth MKM Initiates Coverage On Genelux with Buy Rating, Announces Price Target of $10

The company expects Adjusted EBITDA for H2 2024 to exceed that of H1 2024, both in absolute value and margin, and continues to expect to achieve a mid-teens Adjusted EBITDA Margin for the full year.

Guidance

WALD

Waldencast Expects To Further Accelerate H2 2024 Net Revenue Comparable Growth Above The Rate Achieved In Q2 2024

Earnings

Waldencast Q2 Net Revenue $63.3M, Up From $49.4M Last Year

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 12.9% on an annualized basis producing an average annual return of 26.97%. Currently, Ingersoll Rand has a market capitalization of $36.57 billion. 
Buying $100 In IR: If an investor had bought $100 of IR stock 5 years ago, it would be worth $316.00 today based on a price of $90.63 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724794219_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

If You Invested $100 In This Stock 5 Years Ago, You Would Have $300 Today

Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) has outperformed the market over the past 10 years by 1.98% on an annualized basis producing an average annual return of 12.82%. Currently, Extra Space Storage has a market capitalization of $37.78 billion. 
Buying $1000 In EXR: If an investor had bought $1000 of EXR stock 10 years ago, it would be worth $3,340.45 today based on a price of $178.28 for EXR at the time of writing.
<h3>Extra Space Storage's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724794214_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Extra Space Storage Stock In The Last 10 Years

JEWL

Adamas One Reveals Receipt Of Nasdaq Notice Of Non-Compliance With Listing Rule

Waldencast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WALD#NASDAQ">WALD</a>) reported quarterly sales of $131.58 which missed the analyst consensus estimate of $63.10 million by 100.00 percent. This is a 100.00 percent decrease over sales of $109.34 million the same period last year.

Earnings Misses

Waldencast H1 Sales $131.58M, Up From $109.34M Last Year

Geospace Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) today announced the sale of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.geospace.com%2Fproducts%2Fmarine-exploration%2Fobx-750e%2F&amp;esheet=54114142&amp;newsitemid=20240827567717&amp;lan=en-US&amp;anchor=OBX-750E&amp;index=1&amp;md5=322764c7a4c78d08758bdf4b60ef8972">OBX-750E</a> seabed ocean bottom wireless seismic data acquisition nodes to SAExploration, an international marine geophysical services provider. Based on current contract terms, the value of the agreement is estimated at $10.5 million. SAExploration exercised an option in the Company's rental agreement to purchase the OBX-750E nodes under this contract.

Contracts

GEOS

Geospace Technologies Announces The Sale Of OBX-750E Seabed Ocean Bottom Wireless Seismic Data Acquisition Nodes To SAExploration; Value Of The Agreement Is Estimated At $10.5M

&nbsp;The Class A ordinary shares have been approved for listing on the Nasdaq Global Market under the symbol &quot;AZI&quot;, and are expected to commence trading on&nbsp;August 28, 2024.

IPOs

Autozi Internet Technology Reports Pricing Of Its IPO Of 2.5M Class A Ordinary Shares At $4 Per Class A Ordinary Share For Total Gross Proceeds Of  $10M

Acri Capital Acquisition Corporation (the "Company") (NASDAQ:<a href="https://www.benzinga.com/stock/ACAC#NASDAQ">ACAC</a>), a special purpose acquisition company, today announced that, their previously announced business combination (the "Business Combination") with Foxx Development Inc. ("Foxx"), a consumer electronics and integrated Internet-of-Things (IoT) solution company catering to both retail and institutional clients, was approved at a special meeting of stockholders (the "Special Meeting") of the Company on August&nbsp;27, 2024. Approximately 96.9% of the votes cast at the Special Meeting were in favor of the Business Combination. The Company plans to file the results of the Special Meeting, as tabulated by an independent inspector of elections, on a Current Report on Form&nbsp;8-K with the Securities and Exchange Commission (the "SEC") later today.

ACAC

Acri Capital Acquisition Corp And Foxx Development Announce Approval For Business Combination

The facility was evacuated and local emergency services were called to the scene to help manage the incident. All personnel&nbsp;are&nbsp;safe and&nbsp;accounted for, and two&nbsp;individuals&nbsp;were seen by EMTs and released to leave the facility.
The company is working to determine the cause of the&nbsp;malfunction, which resulted in a small fire,&nbsp;and to assess the extent of the damage to the facility.&nbsp;
A portion of the facility will temporarily be closed for repairs while normal operations continue in unaffected areas.

NATR

Nature's Sunshine Says An Equipment Malfunction Occurred At Its Spanish Fork, Utah Manufacturing Facility Early Yesterday Morning

PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) shares are trading lower after reporting its second-quarter financial results, guided a third-quarter revenue decline and issued earnings guidance below estimates after Tuesday's closing bell. Here's a look at the key <a href="https://www.benzinga.com/pressreleases/24/08/b40587738/pvh-corp-reports-2024-second-quarter-earnings-above-guidance">figures from the report. </a>
The Details: PVH reported quarterly earnings of $3.01 per share, which beat the analyst consensus estimate of $2.29 by 31.44%. Quarterly sales came in at $2.074 billion which beat the analyst consensus estimate and is a 6.03% decrease from the same period last year.
<ul>
<li>Revenue in the company&#8217;s international businesses decreased by 4% compared to the prior year period, primarily due to the challenging consumer environment in Asia Pacific, particularly in China and Australia, and the continuation of planned strategic reduction in sales in Europe to drive overall higher quality of sales in the region.</li>
<li>In North America, revenue in the Tommy Hilfiger and Calvin Klein businesses combined increased by 1% compared to the prior year period, with modest growth in the wholesale business and a low single-digit decline in the direct-to-consumer business.</li>
<li>Direct-to-consumer revenue decreased 5% compared to the prior year period. </li>
<li>Revenue in the company&#8217;s owned and operated stores decreased by 4% compared to the prior year period, primarily driven by recent softness in the consumer backdrop.</li>
<li>Revenue in the company&#8217;s owned and operated digital commerce business declined 6% compared to the prior year period, primarily due to the continuation of the company&#8217;s planned strategic reduction in Europe.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/24/08/40563860/apple-announces-cfo-transition-iphone-16-debut-what-to-know">Apple Announces CFO Transition, iPhone 16 Debut: What To Know</a>
&#8220;We delivered on our top- and bottom-line commitments and beat our earnings guidance for the second quarter, led by our disciplined execution of the PVH+ Plan,&#8221; commented Stefan Larsson, CEO of PVH. 
&#8220;For both Calvin Klein and Tommy Hilfiger, we drove strong consumer engagement and continued to increase product strength and improve newness in our assortment, leading to more full-priced selling and less end-of-season clearance sales, which fueled significant gross margin expansion.&#8221;
Outlook: PVH expects third-quarter revenue to decrease by 6% to 7% and sees earnings of approximately $2.50 per share versus the $3.12 estimate. The company reaffirmed the fiscal year 2024 revenue decrease of 6% to 7% and raised its earnings outlook from between $11.00 and $11.25 per share to between $11.55 and $11.80 per share versus the estimate of $11.31.
PVH Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, PVH shares are down 7.29% after-hours at $96.85 at the time of publication Tuesday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40560697/whats-going-on-with-ev-maker-rivians-stock">What&#8217;s Going On With EV-Maker Rivian&#8217;s Stock?</a></li>
</ul>
Image: Shutterstock

After-Hours Center

Movers

Calvin Klein Parent PVH's Stock Falls After Q2 Results: Sees Q3 Revenue Decline, Guides Q3 EPS Below Estimates

<a href="https://qcitymetro.com/2024/08/27/charlotte-railroad-tracks-transit/">https://qcitymetro.com/2024/08/27/charlotte-railroad-tracks-transit/</a>
&nbsp;

'Charlotte City Council Considers $91M Investment In Red Line Commuter Train; Charlotte City Staff On Monday Unveiled A $74M Plan To Buy 22 Miles Of Railroad Tracks From Norfolk Southern To Expand Transit Options In Mecklenburg County; City Would Spend An Additional $17M To Buy 1.6 Acres In Uptown Charlotte For A Proposed Gateway Station Near Graham Street' - Qcity Metro

On August 23, 2024, Bitcoin Depot&nbsp;notified KPMG LLP of its decision to dismiss KPMG as the Company&rsquo;s independent registered public accounting firm, effective as of such date. The decision was approved by the Company&#39;s audit committee.
On August 23, 2024, the Audit Committee engaged Wolf &amp; Company, P.C. (&ldquo;Wolf&rdquo;) as the Company&rsquo;s independent registered public accounting firm, effective as of August 23, 2024.

Bitcoin Depot Says Material Weaknesses, Which Management Identified In Its Internal Control Over Financial Reporting, Had Not Been Remediated As Of June 30, 2024 - Filing

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Pear Therapeutics Inc Warrants (29/01/2026)

News

Latest news for Pear Therapeutics Inc Warrants (29/01/2026) (OTC:PERWQ) Stock