Latest news for Teco 2030 (OTC:TECFF) Stock

Teco 2030 ASA is an engineering and equipment development company in the renewable energy sector. The company is developing technologies for marine emission reduction like Proton-exchange membrane fuel cells system integration and particulate and black carbon capture for exhaust gas cleaning. Its solutions include TECO PEM Fuel cells, TECO Future Funnel, TECO Future Funnel, and TECO Fuel Cell Factory. Its geographical segments are the Europe, United States of America, South America and Asia, of which the Europe accounts for the majority of the revenue.

News

Penny Stocks

$BTC

$ETH

AAPL

AMZN

BABA

BNTX

DPSGY

ELMS

GOOG

GOOGL

RACE

TCEHY

TECFF

TSLA

CNBC

JPMorgan Remains Bullish On Alibaba And Other Chinese Stocks - Here’s Why

Morning Brief: Top Financial Stories Dominating on Monday, June 13

Small Cap

TECO 2030 (OTC: TECFF) is launching a hydrogen powered tanker concept, Hy-Ekotank, together with our partners Ektank AB, Shell Shipping and Maritime, and DNV.

The hydrogen powered tanker will allow zero emission at berth, and up to 100% reduction of GHG emissions during voyage.

TECO 2030 Launches Hydrogen Tanker Concept With Partners

Teco 2030 ASA

6th National Domestic Violence Project in Europe Strengthens SuperCom's Position as a Leader in the Space
TEL AVIV, Israel, Dec. 23, 2024 /PRNewswire/ -- SuperCom (NASDAQ:&nbsp;SPCB),&nbsp;a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today the successful launch of its new electronic monitoring (EM) project in Latvia. Following a competitive tender process, SuperCom was awarded this project, marking its third national contract in Latvia and further expanding its role in supporting the country's public safety efforts with the inclusion of domestic violence prevention.
Under this program, SuperCom is deploying its advanced PureSecurity EM Suite, featuring GPS tracking devices, secure communications, and real-time monitoring capabilities. SuperCom's technology will enhance the State Police of Latvia's ability to oversee offenders, enabling more effective prevention and response to domestic violence cases while bolstering regional public safety and security.

Contracts

Global

SPCB

SuperCom Awarded New Domestic Violence Monitoring Project Using It's PureSecurity EM Suite, With The State Police Of Latvia

Benchmark analyst Bruce Jackson maintains Humacyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) with a Buy and raises the price target from $15 to $17.

Price Target

Analyst Ratings

HUMA

Benchmark Maintains Buy on Humacyte, Raises Price Target to $17

Despegar.com, Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESP#NYSE">DESP</a>) shares are surging premarket on Monday after the company disclosed a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42643653/despegar-com-enters-into-merger-agreement-to-be-acquired-by-prosus-for-19-50-per-share-in-cash" rel="noreferrer noopener">deal to be acquired</a> by Prosus for $19.50 per share in an all-cash transaction.
The transaction price reflects a 34% premium over Despegar&#8217;s 90-day volume-weighted average share price as of December 20, 2024.
Despegar&#8217;s Board of Directors has approved the merger agreement and recommended shareholder approval following the unanimous endorsement of a Transaction Committee composed of independent directors.
The deal values Despegar at approximately $1.7 billion in enterprise value.
Despegar will gain access to Prosus&#8217; extensive resources, operational expertise, and advanced AI capabilities.
As per the deal, a wholly owned subsidiary of Prosus will merge with Despegar, with Despegar remaining as the surviving entity.
Each outstanding share of Despegar will be converted into the right to receive $19.50 in cash, while the company&#8217;s Series A Preferred Shares will be canceled and converted into payments as specified by their terms.
The transaction is anticipated to close in the second quarter of 2025, pending shareholder approval, regulatory clearances, and other <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42643979/prosus-to-acquire-latin-americas-leading-online-travel-agency-despegar-for-us-1-7bn" rel="noreferrer noopener">customary closing conditions</a>.
Following the transaction&#8217;s completion, Despegar will transition to a privately held company. Its ordinary shares will be delisted from the New York Stock Exchange and will no longer trade on any public market.
Damian Scokin, Despegar&#8217;s CEO said, &#8221;Our customers will benefit from access to more services, enhanced customer experiences, increased loyalty benefits, and more comprehensive solutions tailored to their needs. Together we are setting the stage for a new era of travel marked by greater connectivity, innovation and value.&#8221;
Fabricio Bloisi, CEO of Prosus Group, added, &#8220;Despegar adds significantly to our strong ecosystem in Latin America, a market with amazing growth potential. Today&#8217;s announcement is about opportunity and growth &#8211; alone Despegar is a successful business with great fundamentals and a motivated management team; together, both Despegar and Prosus will make it even stronger.&#8221;
Investors can gain exposure to the DESP via Amplify ETF Trust Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>) and Global X MSCI Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>).
Price Action: DESP shares are up 32.80% at $19.45 premarket at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42643303" target="_blank" rel="noreferrer noopener">US Stocks To Open Higher As Wall Street Expects &#8216;Santa Rally&#8217; In Shortened Trading Week: MicroStrategy, Palantir, Qualcomm Among Stocks In Focus</a></li>
</ul>
Photo by Capri23auto from Pixabay

Equities

Mid Cap

Movers

ARGT

AWAY

DESP

Despegar To Be Acquired By Prosus For $1.7 Billion in All Cash Deal

<ul>
<li>TLRY</li>
<li>TSLA</li>
<li>AMD</li>
<li>NVDA</li>
<li>LUNR</li>
<li>PLTR</li>
<li>CORN</li>
<li>MSTR</li>
<li>KULR</li>
<li>QQQ</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Trading Ideas

CORN

KULR

LUNR

MSTR

NVDA

PLTR

TLRY

Top 10 Trending Stocks On WallStreetBets As Of December 23, 2024 (Via Swaggy Stocks)

On December 23, 2024, ReNew Energy Global Plc ("ReNew") announced the signing of definitive agreement to sell ReNew Sun Waves Private Limited ("RSWPL"), which houses a 300 MW operating solar asset to Anzen India Energy Yield Plus Trust ("Anzen"). The transaction is expected to close post completion of contractual obligations and conditions precedent including receipt of lender approval. Under the agreement, ReNew Private Limited, parent of RSWPL, will sell 100% shareholding and economic interest in RSWPL. The enterprise value determined under the agreement is ~$176 million&#x2A;, subject to net current assets and other such adjustments as provided in the definitive documents. Additionally, ~$17 million&#x2A; is expected to be received as an earn-out on account of change in law proceeds pertaining to increase in basic customs duty (BCD), safeguard duty (SGD) and goods &amp; service tax (GST), after the first payment is realised by RSWPL. The 300 MW SECI solar project is located in Jaisalmer, Rajasthan, and has been operational for ~3 years. The tariff for the 25-year power purchase agreement is INR 2.55/unit.

Asset Sales

ReNew Energy Global Announced Sale Of ReNew Sun Waves' 300 MW Solar Asset To Anzen India Energy Yield Plus For ~$176M; ~$17M Earn-Out Expected; The Tariff For The 25-Year Power Purchase Agreement Is INR 2.55/Unit

Benchmark analyst Michael Albanese reiterates Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) with a Buy and maintains $70 price target.

Reiteration

Benchmark Reiterates Buy on Winnebago Industries, Maintains $70 Price Target

Offerings

MGOL

MGO Global Prices Upsized $6M Public Offering Of 6.32M Units At $0.95 Per Unit; Includes Common Stock And Warrants Exercisable At $1.425 Pending Stockholder Approval; Closing Expected December 24, 2024

--Multi-year Agreement with ADT for Several Servicing Needs--
Spruce Power Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPRU#NYSE">SPRU</a>) ("Spruce" or the "Company") today announced the first customer for its Spruce Pro servicing business. Spruce signed a multi-year Service Agreement with ADT, under which Spruce Pro will facilitate the management and resolution of workmanship and equipment warranty claims for customers of ADT's former solar business, which it wound down earlier in 2024.

Spruce Power Holding Corporation Class A Common Stock

SPRU

Spruce Power Announces Multi-Year Agreement With ADT For Several Servicing Needs Of ADT's Former Solar Business

Battle lines are drawn in <a href="https://www.benzinga.com/topic/defense">the defense sector</a>. On one side, Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) riding high on a meteoric stock surge of over 350% this year. On the other, defense titan Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), grappling with sluggish stock performance and stiff competition from a rising tech consortium.
<h2 class="wp-block-heading">The Disruptor: Palantir</h2>
Palantir, alongside Anduril Industries, is leading <a href="https://www.benzinga.com//node/42640010">a groundbreaking coalition</a> with Elon Musk&#8216;s SpaceX and OpenAI to revolutionize the $850 billion U.S. defense market. The goal? Outpace traditional contractors by integrating AI-powered solutions and autonomous systems. 
Palantir's AI Platform already works seamlessly with Anduril&#8217;s Lattice software, signaling a shift toward modern, agile defense technologies.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23064119/Screenshot-2024-12-23-at-5.04.06-PM.png" alt="" class="wp-image-703970" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23064119/Screenshot-2024-12-23-at-5.04.06-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23064119/Screenshot-2024-12-23-at-5.04.06-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Technically, PLTR stock is on a tear. Its share price of $80.55 is comfortably above the eight, 20 and 50-day simple moving averages (SMAs), signaling strong bullish momentum. However, with a relative strength index (RSI) of 70.81, it's entering overbought territory—a red flag for cautious investors.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/12/42620067/palantir-defies-gravity-army-deal-nasdaq-100-spotlight-fuel-rally">Palantir Defies Gravity: Army Deal, Nasdaq 100 Spotlight Fuel Rally</a>
<h2 class="wp-block-heading">The Titan: Lockheed Martin</h2>
Meanwhile, Lockheed is feeling the heat. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23064219/Screenshot-2024-12-23-at-5.04.17-PM.png" alt="" class="wp-image-703971" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23064219/Screenshot-2024-12-23-at-5.04.17-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23064219/Screenshot-2024-12-23-at-5.04.17-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
The defense giant's stock, at $489.02, is below key moving averages, including its 200-day SMA of $510.22, indicating bearish sentiment. A relative strength index (RSI) of 29.59 suggests the stock is oversold, leaving a sliver of hope for a bounce-back.
Despite its legacy status and deep-rooted Pentagon ties, Lockheed faces mounting pressure to adapt as rivals like Palantir challenge its dominance with innovative, cost-efficient technologies.
<h2 class="wp-block-heading">The Verdict</h2>
Palantir's agility and tech-first approach make it a compelling contender in a sector ripe for disruption. Lockheed, however, isn't out of the fight—its oversold status might attract value-driven investors betting on a rebound.
As the defense industry evolves, this tech-versus-tradition showdown is one stock battle investors can't afford to ignore. 
The question remains: Can Lockheed innovate fast enough to fend off Palantir's charge, or is this the dawn of a new era?
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/12/42643303/us-stocks-to-open-higher-as-wall-street-expects-santa-rally-in-shortened-trading-week-microstrategy-palantir-qualcomm-among-stocks-in-focus">US Stocks To Open Higher As Wall Street Expects &#8216;Santa Rally&#8217; In Shortened Trading Week: MicroStrategy, Palantir, Qualcomm Among Stocks In Focus</a></li>
</ul>
Image via Shutterstock

Long Ideas

Technicals

Tech

Palantir Vs. Lockheed: A Tech-Fueled Showdown In The $850 Billion Defense Market

Piper Sandler analyst Crispin Love maintains Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) with a Neutral and raises the price target from $168 to $179.

Piper Sandler Maintains Neutral on Blackstone, Raises Price Target to $179

WIIM

NUVB

Nuvation Bio shares are trading higher after the company announced the FDA accepted the New Drug Application for taletrectinib for the treatment of advanced ROS1+ NSCLC.

Anebulo Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANEB#NASDAQ">ANEB</a>), a clinical-stage biopharmaceutical company developing novel solutions for people suffering from acute cannabinoid-induced toxicities (the "Company" or "Anebulo"), today announced a positive regulatory update and the close of a capital raise.
<ul>
<li>In a Phase 2 proof-of-concept study, Anebulo enrolled 134 adult subjects challenged with oral delta-9-tetrahydrocannabinoil ("THC"), oral selonabant blocked or reversed key CNS effects of THC, establishing the clinical path for intravenous selonabant for a much-needed targeted therapy for rapidly reversing the serious and life-threatening consequences of acute cannabis-induced toxicity in children</li>
<li>Anebulo met with FDA to discuss the development of intravenous selonabant and the initial plan for clinical testing</li>
<li>FDA acknowledged the unmet need for a treatment for children exposed to cannabis toxicity, and proposed a close, ongoing collaboration to efficiently advance the selonabant program for the pediatric indication</li>
<li>Anebulo plans to begin its Phase I SAD study of IV selonabant in healthy adults in 1H25</li>
<li>Anebulo entered into a definitive stock purchase agreement with 22NW, a company controlled by one of its directors, Nantahala Capital and an additional existing investor for the issuance and sale of 15.2 million shares of common stock for gross proceeds of $15 million in a private placement offering priced at-the-market under Nasdaq rules</li>
<li>In exchange for purchasing $10 million of shares of common stock in the private placement, Anebulo intends to modify the Loan and Security Agreement (LSA) that was entered into with 22NW and JFL Capital Management by reducing the maximum loan size to approximately $3 million, which reduces the LSA to just under the securitization threshold, and the removal of any securitization</li>
</ul>

Biotech

General

ANEB

Anebulo Pharmaceuticals Announces FDA Feedback For IV Selonabant To Address Cannabis-Induced Toxicity In Children And Completes $15M Capital Raise; Phase I Study Planned For 1H25

Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) has outperformed the market over the past 20 years by 2.05% on an annualized basis producing an average annual return of 10.3%. Currently, Chubb has a market capitalization of $109.65 billion. 
Buying $1000 In CB: If an investor had bought $1000 of CB stock 20 years ago, it would be worth $7,098.87 today based on a price of $272.01 for CB at the time of writing.
<h3>Chubb's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734963313_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.

$1000 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

In the current session, Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) is trading at $111.71, after a 0.29% decrease. Over the past month, the stock fell by 4.62%, and in the past year, by 11.31%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1734963307_0.png" alt="Past Year Chart" />

<h3>Comparing Global Payments P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Global Payments has a lower P/E than the aggregate P/E of 46.95 of the Financial Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1734963307_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

P/E Ratio Insights for Global Payments

First Busey Corporation ("First Busey") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>), the holding company of Busey Bank, and CrossFirst Bankshares, Inc. ("CrossFirst") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFB#NASDAQ">CFB</a>), the holding company of CrossFirst Bank, today jointly announced that First Busey shareholders and CrossFirst shareholders have each voted to adopt and approve, as applicable, all proposals relating to the previously announced merger in which First Busey will acquire CrossFirst. The special shareholder meetings were held on Friday, December 20, 2024.

BUSE

First Busey And CrossFirst Bankshares Announce Each Co's Shareholder Approvals Of Merger

Benchmark analyst Robert Wasserman reiterates Ligand Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGND#NASDAQ">LGND</a>) with a Buy and maintains $135 price target.

LGND

Benchmark Reiterates Buy on Ligand Pharmaceuticals, Maintains $135 Price Target

Loop Capital analyst Mark Schappel maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Buy and raises the price target from $185 to $205.

SNOW

Loop Capital Maintains Buy on Snowflake, Raises Price Target to $205

Intuitive Machines Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) shares are trading higher on Monday. The company announced that it secured additional contracts from NASA&#8217;s Near Space Network for <a href="https://www.benzinga.com/pressreleases/24/12/g42645401/intuitive-machines-expands-data-transmission-services-for-lunar-and-deep-space-missions">Direct-to-Earth services</a>.
What Happened: Intuitive Machines announced Monday morning that it received two new contract awards from NASA&#8217;s Near Space Network for subcategory 1.2 and subcategory 1.3. 
Subcategory 1.2 covers DTE Geostationary to Cislunar DTE Services, offering enhanced data transmission capabilities and autonomous operations. Subcategory 1.3 covers xCislunar DTE Services, addressing mission needs for highly elliptical orbits and deep space operations.
Both contracts are firm-fixed-price, indefinite-delivery/indefinite-quantity task orders designed to bolster NASA&#8217;s Lunar Exploration Ground Segment.&nbsp;
&#8220;We are privileged to help NASA deliver essential data and transmission services that support missions navigating the critical pathways between Earth, the Moon, and beyond. We believe these new awards complement our existing NSN contract and will expand our space communications and navigation service offerings,&#8221; said Steve Altemus, CEO of Intuitive Machines.
&#8220;They position us to capitalize on the&nbsp;$4.82 billion&nbsp;maximum potential value of the NSN contract, while supporting NASA&#8217;s Artemis campaign and commercial endeavors to expand the lunar economy.&#8221;
See Also: <a href="https://www.benzinga.com/general/space/24/12/42612382/spacex-to-launch-2-more-private-astronaut-missions-to-iss">SpaceX To Launch 2 More Private Astronaut Missions To ISS</a>
The contract awards come after NASA awarded Intuitive Machines a <a href="https://www.benzinga.com/news/24/09/40919566/intuitive-machines-stock-is-soaring-wednesday-whats-going-on">Near Space Network contract</a> for communication and navigation services related to subcategory 2.2 in September. 
Project timelines for these contracts span from February 2025 to September 2029, with an additional five-year option period that could extend contracts through September 2034.
LUNR Price Action: <a href="http://benzinga.com/quote/lunr">Intuitive Machines shares</a> were up 5.08% at $14.27 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Intuitive Machines.

Sports

Intuitive Machines Stock Is Moving Higher Monday: What's Going On?

Filing Form 10-K for the Year Ended June 30, 2024
Filing Form 10-Q for the Quarter Ending September 30, 2024
TAMPA, FL / ACCESSWIRE / December 23, 2024 / Upexi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPXI#NASDAQ">UPXI</a>) (the "Company" or "Upexi"), a brand owner specializing in the development, manufacturing and distribution of consumer products, announced its financial results for the year ended June 30, 2024 and the first quarter ending September 30, 2024 last week. On November 20, 2024 the Company received written notice (the "Compliance Notice") from Nasdaq informing the Company that it has regained compliance with Nasdaq Listing Rule 5250( c)(1) (the "Rule"). The Staff had concluded that with the filing of these two periodic reports that the Company now complies with the Rule and accordingly these matters are now closed.

UPXI

Upexi Regains Compliance With NASDAQ Listing Standards

Benchmark analyst Mark Palmer reiterates Galaxy Digital Hldgs (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#TSX">GLXY</a>) with a Buy and maintains C$41 price target.

TSX:GLXY

Benchmark Reiterates Buy on Galaxy Digital Hldgs, Maintains C$41 Price Target

Teco 2030

CNBC

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27666803/heres-why-jpmorgan-remains-bullish-on-alibaba-and-other-chinese-stocks" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">JPMorgan Remains Bullish On Alibaba And Other Chinese Stocks - Here&rsquo;s Why</a>

<ul>
	<li>JPMorgan saw some respite for the Chinese stocks like Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Tencent Holding Ltd (OTC: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/tcehy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TCEHY</a>) following relaxation in lockdowns and regulatory pressures.</li>
	<li>Chinese markets got ravaged due to its &ldquo;zero-Covid&rdquo; strategy and lockdowns stifling economic activity, with a double whammy from the regulatory crackdowns.</li>
	<li>The retreat reflects China&rsquo;s realization of the unsustainability of the Covid policy and some respite in their regulatory approach towards the tech titans to stimulate the economy, strategist Tilmann Galler said.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27664587/celsius-says-its-halting-withdrawals-due-to-extreme-market-conditions" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">More Pain Ahead For Ethereum? Celsius Crashes 55% As It Halts Withdrawals Over &lsquo;Extreme Market Conditions&rsquo;</a> 

<ul>
	<li>Cryptocurrency lending firm Celsius CEL/USD says it is pausing all withdrawals, swaps, and transfers between accounts.</li>
	<li>Celsius said in a statement late Sunday it is taking the steps &ldquo;due to extreme market conditions.&rdquo;</li>
	<li>&ldquo;We are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations,&rdquo; the firm said.</li>
</ul>

 

Reuters

<a class="editor-rtfLink" href="https://www.benzinga.com/fintech/22/06/27666625/blackrocks-agm-vote-choice-to-cover-more-equity-index-clients-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BlackRock&rsquo;s Equity Index Clients Will Now Be Able to Control Votes In AGM Of Invested Companies</a>

<ul>
	<li>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) said that clients owning nearly half of its $4.9 trillion in equity index assets could control vote casting at the annual meetings of the companies in which their funds invest, Reuters reported.</li>
	<li>The move marks an expansion of BlackRock&rsquo;s &lsquo;Voting Choice&rsquo; program, launched last October, and could offer institutional clients more say on topics that matter to them, Reuters reported.</li>
	<li>&ldquo;While BlackRock&rsquo;s Voting Choice program is an industry first, we see it as just a beginning,&rdquo; Salim Ramji, Global Head of iShares and Index Investments, said.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27667739/ferrari-likely-to-shed-light-on-its-ev-endeavor" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ferrari Likely To Shed Light On Its EV Endeavor</a>

<ul>
	<li>Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) CEO Benedetto Vigna will soon elaborate on maintaining its cachet and top-tier prices amid growing competition from electric cars.</li>
	<li>The Italian luxury sports carmaker will likely showcase its business plan on June 16.</li>
	<li>Ferrari has already introduced four hybrid models and pledged its EV debut in 2025.</li>
	<li>Ferrari considered collaborations to access new technologies, including bio and synthetic fuels, while controlling capital expenditure.</li>
</ul>

 

Benzinga

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27667406/dhl-hikes-parcel-delivery-prices-for-private-customers" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DHL Hikes Parcel Delivery Prices For Private Customers</a>

<ul>
	<li>Deutsche Post&rsquo;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DPSGY#OTC">DPSGY</a>) DHL Paket has adjusted its prices for private customers, and the logistic giant will charge more for parcel deliveries from July 1, 2022.</li>
	<li>The company mentions that the higher transport, delivery, and labor costs and general cost inflation make price increases in national and cross-border parcel business unavoidable.</li>
	<li>Prices in retail outlets will also increase slightly for the P&auml;ckchen S and M product categories.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/tech/22/06/27643303/apple-has-been-working-on-its-ar-glasses-for-over-27-years-heres-what-and-when-they-will-be-like" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple Has Been Working On AR Glasses For Over 27 Years: What We Know So Far</a>

<ul>
	<li>This is the second article of a two-part deep dive into Apple Inc.&rsquo;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) development of its two upcoming mixed reality (MR) device lines. Before reading any further, we suggest reading our explanation of augmented reality (AR), virtual reality (VR), MR, and extended reality (XR), as well as the first article of this series.</li>
	<li>Apple is expected to launch a VR headset with passthrough AR features for professionals at a hefty $3,000 next year after it will ready its even more ambitious AR-focused glasses for general consumers. That is the first generation of a device meant to replace the iPhone further down the line, at a much more accessible price of $499.</li>
	<li>The Cupertino tech giant has been working on AR and VR at least since 1995.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27664036/exclusive-teco-2030-launches-hydrogen-tanker-concept-with-partners" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TECO 2030 Launches Hydrogen Tanker Concept With Partners</a>

<ul>
	<li>TECO 2030 (OTC: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/tecff#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TECFF</a>) is launching a hydrogen-powered tanker concept, Hy-Ekotank, together with our partners Ektank AB, Shell Shipping and Maritime, and DNV.</li>
	<li>The hydrogen-powered tanker will allow zero-emission at berth and up to 100% reduction of GHG emissions during the voyage.</li>
	<li>&ldquo;We are humble to work on Hy-Ekotank with Ektank, Shell and DNV, as we believe these partners are a perfect match. With a cargo owner, shipowner, classification society, and a fuel cell provider, we will show the world what hydrogen is capable of doing for the maritime shipping industry.&rdquo; says Tore Enger, Group CEO, TECO 2030. &ldquo;Remember, it is all about eliminating emissions, and increasing value-adding activities.&rdquo;</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27665310/dogecoin-plunges-in-crypto-crash-hedge-against-inflation-is-marketing-bullshit-says-billy-markus" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Why Is Dogecoin Crashing So Hard Today?</a>

<ul>
	<li>Dogecoin DOGE/USD traded over 11% lower at $0.06 over 24 hours leading up to early Monday. The price of DOGE crashed along with other major coins as the global cryptocurrency market plunged 7.5% to $1.02 trillion.</li>
	<li>Over $3.1 million worth of DOGE was liquidated over 24 hours as the price of the meme coin dropped heavily, according to Coinglass.</li>
	<li>Major coins declined over the weekend after inflation came in hotter than expected by analysts on Friday.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/06/27666337/pfizerbiontechs-three-dose-covid-19-vaccine-safe-effective-in-younger-kids" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Pfizer/BioNTech&rsquo;s Three-Dose COVID-19 Vaccine Safe, Effective In Younger Kids</a>

<ul>
	<li>According to the FDA briefing document, Pfizer Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>)-BioNTech&rsquo;s SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) COVID-19 vaccines were effective and safe for children aged six months to 4 years.</li>
	<li>The FDA reviewers said that their evaluation did not reveal any new safety concerns related to using the vaccine in young children.</li>
	<li>The FDA analysis of data from Pfizer&rsquo;s trial was published ahead of a June 14-15 meeting of its outside advisers.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/06/27666003/sanofi-gsks-next-gen-covid-19-booster-shows-potential-against-variants-of-concern" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Sanofi-GSK&rsquo;s Next-Gen COVID-19 Booster Shows Potential Against Variants Of Concern</a>

<ul>
	<li>Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) said the next-gen COVID-19 vaccine candidate it has developed with GSK Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) in two trials showed a potential to protect against the virus&rsquo;s main variants of concern when used as a booster.</li>
	<li>In the Phase 3 VAT02 Cohort 2 study, the vaccine candidate showed a 15-fold increase against the parent virus and a 30-fold increase against Beta strain in adults previously primed with mRNA COVID-19 vaccines.</li>
	<li>In particular, against omicron, preliminary data show a 40-fold increase against BA.1.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/06/27665143/500m-liquidated-in-24-hours-as-bitcoin-falls-to-25-117" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">$500M Liquidated In 24 Hours As Bitcoin (BTC) Plunges To $25K Level</a>

<ul>
	<li>The last 24 hours saw high-value liquidations across crypto markets as Bitcoin BTC/USD dropped as low as $25,117.</li>
	<li>According to data from CoinGlass, at the time of writing around $513 million was liquidated from over 180,000 traders.</li>
	<li>The majority of liquidations were seen by traders in long positions &mdash; a total of $339 million longs were liquidated while $169 shorts were liquidated.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/06/27665643/indian-tribunal-directs-amazon-to-pay-25-million-to-future-group-within-45-days" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon Asked To Pay $25M Fine To Future Group In India</a>

<ul>
	<li>In a blow to U.S. e-commerce giant Amazon Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), the National Company Law Appellate Tribunal (NCLAT) of India upheld the competition watchdog&rsquo;s order suspending approval of the investment deal between Amazon and a Future Group firm dating back to 2019.</li>
	<li>The tribunal has also ordered Amazon to pay the penalty of INR 200 crore ($25 million) within 45 days for non-disclosure of relevant information on combinations under the Competition Act, 2002, Bar and Bench reported.</li>
	<li>Confirming the Competition Commission of India&rsquo;s ruling, the tribunal said that it is in full agreement with the antitrust watchdog that the U.S.-based e-commerce giant had not fully disclosed its strategic interest in Future Retail Ltd &mdash; a Future Group&rsquo;s firm.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27664875/michigan-based-ev-startup-electric-last-mile-to-file-for-bankruptcy" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Troubled Michigan-Based EV Startup To File For Bankruptcy</a>

<ul>
	<li>Michigan-based electric vehicle startup Electric Last Mile Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELMS#NASDAQ">ELMS</a>) said on Sunday it plans to file for Chapter 7 bankruptcy.</li>
	<li>The late Sunday disclosure follows a series of developments at the startup, including the resignation of its CEO Jim Taylor and Chairman and founder Jason Luo, linked to share purchases and subsequent regulatory investigation.</li>
	<li>&ldquo;Based on the findings of the same Board-initiated investigation that led to the resignations of Mr. Taylor and Mr. Luo, ELMS was forced to withdraw financial guidance and declare the Company&rsquo;s past financial statements unreliable,&rdquo; the startup said.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27664950/tesla-pursued-by-indonesia-to-build-ev-plant-with-500-000-unit-annual-production-capacity-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Gets Indonesia Invite To Set Up Massive EV Factory: Report</a>

<ul>
	<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has reportedly received an invite from Indonesia to add to its list of growing factories across the world.</li>
	<li>Indonesia has asked Tesla to set up an electric vehicle manufacturing plant near Batang Regence in the Central Java province, Teslarati reported, citing Luhut Pandjaitan, Indonesia&rsquo;s Coordinating Maritime Affairs and Investment Minister.</li>
	<li>The proposed plant will likely have an annual production capacity of 500,000 cars, possibly powered by renewable sources, the report said.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27664966/google-suspends-engineer-who-said-chatbot-generator-ai-is-sentient" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Google Engineer Suspended After Saying AI Chatbot Is Sentient</a>

<ul>
	<li>A senior software engineer at Alphabet Inc&rsquo;s (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/goog#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOG</a>) (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/googl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOGL</a>) Google has reportedly been put on administrative leave after revealing some confidential insights about the company&rsquo;s artificially intelligent chatbot generator LaMDA.</li>
	<li>Blake Lemoine shared transcripts of his conversations with LaMDA featuring a three-way conversation between himself, a Google collaborator and LaMDA (or language model for dialogue applications.)</li>
	<li>In the &ldquo;interview&rdquo; with LaMDA, conducted over several sessions, Lemoine and the AI chatbot generator touched on the latter&rsquo;s sentient nature and its existential fears.</li>
</ul>

Photo by Wikimedia Commons

TECO 2030 (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TECFF#OTC">TECFF</a>) is launching a hydrogen powered tanker concept, Hy-Ekotank, together with our partners Ektank AB, Shell Shipping and Maritime, and DNV.

The hydrogen powered tanker will allow zero emission at berth, and up to 100% reduction of GHG emissions during voyage.

&quot;We are humble to work on Hy-Ekotank with Ektank, Shell and DNV, as we believe these partners are a perfect match. With a cargo owner, shipowner, classification society, and a fuel cell provider, we will show the world what hydrogen is capable of doing for the maritime shipping industry.&quot; says Tore Enger, Group CEO, TECO 2030. &quot;Remember, it is all about eliminating emissions, and increasing value-adding activities.&quot;

TECO 2030 says this pioneering concept could become a first mover in this maritime shipping segment and contribute to the developments of achieving the ambitious climate targets committed by the European Union.

As part of the European Green Deal, the EU has committed to reducing GHG emissions by 55% by 2030, and a binding target of achieving climate neutrality by 2050. Under the &lsquo;Fit for 55 package&rsquo; the EU is currently developing its climate, energy and transport-related legislation to align current laws with the 2030 and 2050 ambitions.

Also Read: <a href="https://www.benzinga.com/markets/esg/22/06/27574408/embargoed-a-brand-new-etf-to-save-the-ocean-what-investors-need-to-know">A Brand New ETF To Save The Ocean: What Investors Need To Know</a>

&quot;We are pleased to contribute with our high-quality and energy-efficient vessels towards the development of zero-emission technologies to meet environmental demands and regulations.&quot; says J&ouml;rgen Johnsson, CEO Ektank AB. &quot;We are delighted with how suitable our vessels fit into the concept of Hy-Ekotank which is aligned perfectly with our Company&rsquo;s environmental strategy.&quot;

The companies say there is a great and ever-increasing need for technological innovation in zero-emission solutions developed for maritime transport, in particular for retrofitting of existing ships. Switching from traditional petroleum-based marine fuels to zero-carbon alternatives such as hydrogen can drastically shrink shipping&rsquo;s climate impact.

Comments

Teco 2030

News

Latest news for Teco 2030 (OTC:TECFF) Stock

Monday, June 13, 2022

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga