What's Going On With C3.ai Stock Wednesday?

C3.Ai Inc AI is trending as shares trade higher. The company on Wednesday announced an expanded collaboration with Shell for asset monitoring and predictive monitoring.

What To Know: Under the expanded collaboration, the C3 AI Reliability application will now include predictive maintenance software from Shell, which features advanced models and application functionalities that anticipate maintenance needs for control valves and critical equipment.

C3.ai and Shell plan to pursue a roadmap that includes reliability and asset monitoring solutions, asset integrity, process and production optimization and sustainability solutions. 

"This technology transfer strengthens and advances both of our products and goals — it expands on the already deep bench of oil and gas offerings for customers while progressing our combined work to support the global energy transition with digital transformation," said Ed Abbo, president and CTO of C3.ai.

Of the 17 analysts covering C3.ai, four have positive ratings, six have neutral ratings and seven have negative ratings with price targets ranging from $12 to $140.

Check This Out: PPI Beats Estimates: Producer Prices Jump 2.2%, Keeping Inflation Worries Alive

AI Price Action: C3.ai shares climbed more than 8% on Tuesday and continue to move higher Wednesday. The stock was last up 1.65% at $27.16, according to Benzinga Pro.

Photo: Gerd Altmann from Pixabay.