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Fifth Third Bancorp, US Bancorp DE, and New York State Teachers Retirement System have increased their stakes in SolarEdge Technologies, with institutional investors owning 95.10% of the stock. UBS Group raised its price target for the company from $17.00 to $20.00, while analysts maintain a consensus "Hold" rating with a target of $16.96. SolarEdge reported a revenue increase of 7.4% year-over-year, despite a negative EPS of ($1.14) for the last quarter.
Huawei CEO Ren Zhengfei acknowledged that the company's Ascend chips are a generation behind U.S. technology, countering claims of its dominance. In a significant interview, he emphasized that while many Chinese firms excel in chip production, Huawei's capabilities are overstated. This admission reflects a rare moment of vulnerability from Beijing amid ongoing U.S. trade tensions and export restrictions, suggesting potential for compromise in future negotiations.
Tebi, a new startup founded by a former cofounder of Adyen, has successfully secured $30 million in funding from Alphabet's CapitalG. This investment marks a significant milestone for the company as it seeks to establish its presence in the competitive startup landscape.
European markets are seeing a boost, with the STOXX Europe 600 Index up 0.90% due to easing inflation and supportive ECB policies, prompting investors to seek dividend stocks for stable income. Notable picks include Manitou BF, offering a 5.6% yield, despite a volatile dividend history, and INDUS Holding, a private equity firm with diverse revenue streams.
Chinese EV makers, led by BYD, are rapidly gaining traction in Europe’s small car market, challenging established brands like Volkswagen and Renault. With the launch of the Dolphin Surf model, priced competitively, and a growing market share, they are well-positioned to capitalize on strict EU emissions regulations. As they localize production to mitigate tariffs, forecasts suggest they could capture 15% of Western European vehicle sales by 2030.
Dutch car-sharing company MyWheels is set to integrate 500 Renault electric vehicles (EVs) into its fleet, marking Europe's largest vehicle-to-grid (V2G) rollout. This initiative aims to enhance grid stability by allowing EVs to store and return electricity during peak demand, utilizing bidirectional chargers from We Drive Solar. The project, based in Utrecht, is expected to be fully deployed by 2026.
Tech Mahindra has entered a multi-year partnership with Netherlands-based Hanab to modernize its IT infrastructure. The collaboration aims to streamline operations and implement advanced technologies to support Hanab's growth in energy, utility, connectivity, and building solutions. Financial details of the deal remain undisclosed.
The banking sector in Uzbekistan is poised for transformation, driven by rising client expectations, the influence of fintech, and the need to engage the youth demographic. Banks must adapt by enhancing their product offerings, integrating AI for improved services, and developing comprehensive strategies to foster financial literacy among young consumers. As the youth segment represents a significant growth opportunity, a systematic approach to youth banking is essential for long-term success.
Ervin Tu, President and Chief Investment Officer of Prosus, will step down from his role but will continue as an advisor. This change comes as the company, under CEO Fabricio Bloisi, shifts its focus from an investment holding group to an operating technology company centered on lifestyle e-commerce in key markets like Latin America, India, and Europe.
Dutch Defence Minister Ruben Brekelmans has raised alarms over increasing Chinese espionage targeting the Netherlands' semiconductor industry, emphasizing that China seeks to acquire valuable intellectual property. The Dutch military intelligence agency identifies China as the primary cyber threat, with a notable rise in cyber activities linked to Chinese hackers infiltrating companies like NXP and ASML. In response, the Netherlands has shifted its policy towards a security-first approach, implementing export controls and investment screenings to protect its technological assets, which has led to a significant decline in semiconductor exports to China.
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Institutional Investors Increase Stakes in SolarEdge Technologies Amid Market Challenges
Fifth Third Bancorp
SolarEdge Technologies, Inc.
UBS GROUP B.V.
Wells Fargo & Company
Royal Bank of Canada
Barclays PLC
DEUTSCHE BANK AG
USA
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ITA
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15:49 10.06.2025
Huawei CEO Acknowledges Chip Lag Behind US Amid Trade Tensions
15:34 10.06.2025
Tebi secures 30 million dollars funding from Alphabet's CapitalG
15:08 10.06.2025
European Dividend Stocks Yielding Up to 5.6 Percent Amid Market Recovery
Euro
Manitou BF SA
INDUS Holding AG
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07:31 09.06.2025
Chinese electric vehicle makers disrupt Europe's small car market with competitive pricing
06:45 09.06.2025
Dutch firm MyWheels launches largest vehicle-to-grid initiative with Renault EVs
10:10 04.06.2025
Tech Mahindra partners with Hanab for IT infrastructure modernization in Europe
17:27 03.06.2025
Transforming Banking in Uzbekistan Harnessing Youth Engagement and Artificial Intelligence
17:08 03.06.2025
prosus chief investment officer ervin tu to step down from role
10:08 03.06.2025
Dutch minister highlights increasing Chinese espionage threats to semiconductor industry
01:00 02.06.2025
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