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Oil prices rebounded over $1 a barrel after OPEC+ decided to maintain its output increase of 411,000 barrels per day for July, matching the previous two months. Brent crude rose to $64.24, while US West Texas Intermediate climbed to $62.45, as traders anticipated this decision. Analysts expect a similar increase in August, despite concerns over US fuel inventories and a potential slowdown in crude production due to lower prices.
Ola Electric Mobility's shares fell 9.7% to Rs 48.07 after reporting a net loss of Rs 870 crore for Q4, doubling from Rs 416 crore a year earlier. Revenue plummeted 62% to Rs 611 crore, with vehicle deliveries dropping to 51,375 units from 1.15 lakh in the same quarter last year. The auto EBITDA margin sank to -78.6%, while the consolidated EBITDA margin reached -101.4%.
Battery Smart, a Delhi NCR-based battery swapping startup, has secured $29 million in its Series B extension round, led by New York-based private equity firm Rising Tide Energy. The funding round also included participation from responsAbility, Ecosystem Integrity Fund, and LeapFrog Investments. The startup is in ongoing discussions with potential investors for additional funding to further its operations.
Ather Energy has reported improved results for the fourth quarter, showcasing a strong performance in contrast to Ola Electric, which has struggled during the same period. This development highlights the competitive landscape in the electric vehicle market as companies vie for dominance.
Ola Electric has released its Q4 performance snapshot, highlighting significant developments in the electric vehicle sector. Additionally, Razorpay is making headlines with its strategic homecoming, signaling a pivotal moment for the fintech company. These updates reflect the dynamic landscape of startups in 2025.
Ola Electric shares plummeted by 10% following the release of their Q4 results. The significant drop reflects investor concerns over the company's financial performance and future outlook. This decline marks a notable shift in market sentiment towards Ola Electric.
Foxconn Technology Group anticipates significant revenue growth in its AI and electric vehicle (EV) sectors by 2028, driven by rising demand for AI applications and strategic partnerships, including one with Mitsubishi Motors. The company employs a modular manufacturing approach to reduce costs and development time, aiming for substantial market share in the EV industry. Despite geopolitical challenges, Foxconn's diversified operations and contract manufacturing model provide resilience, as evidenced by a 91% profit increase in Q1 2025, largely from its AI server business.
Citigroup has upgraded Solaris Energy Infrastructure (NASDAQ:SEI) to a "strong-buy" rating with a target price of $32.00, indicating a potential upside of 26.10%. Other brokerages have also shown optimism, with eight analysts rating the stock as a buy and a consensus price target of $43.14. The stock opened at $25.38, with a market cap of $1.71 billion and a P/E ratio of 57.67. Recent insider purchases include 4,000 shares by Director Laurie H. Argo and 10,000 shares by CEO William A. Zartler, reflecting confidence in the company's prospects.
GE Vernova Inc. (NYSE: GEV) has reached a backlog of 50 GW, driven by strong demand for its heavy-duty gas turbine products and recent agreements with Duke Energy and NRG Energy. Wells Fargo projects that 43.3 GW of this backlog will be delivered between 2026 and 2028, with expectations of securing an additional 12.7 GW by Q3 2025. The firm believes GEV could enhance its 2028 Power EBITDA margins beyond 16.9% if it successfully books remaining orders at high prices.
Gibraltar Industries, Inc. operates in the renewable energy, residential, agtech, and infrastructure markets, with 0.50% of its stock owned by insiders. Recently, Deutsche Bank AG increased its holdings by 24.7%, while analysts have downgraded the stock from "buy" to "hold." The company reported earnings of $0.95 per share, exceeding estimates, but revenue declined by 0.9% year-over-year.
Energy Sector Developments
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
oil prices rise as opec plus maintains output hike for july
10:24 02.06.2025
ola electric shares drop 10 percent as losses and revenue decline sharply
16:51 30.05.2025
battery smart secures 29 million in series b extension funding round
15:06 30.05.2025
Ather Energy outperforms in Q4 while Ola Electric struggles
15:01 30.05.2025
ola electric reports fourth quarter results razorpay announces return to operations
12:33 30.05.2025
ola electric shares decline 10 percent following fourth quarter results
12:24 30.05.2025
Foxconn anticipates significant growth in AI and electric vehicle sectors by 2028
07:45 30.05.2025
Millennium Management Acquires Significant Stake in Solaris Energy Infrastructure
Solaris Energy Infrastructure Inc.
Janney Montgomery Scott LLC
Northland Securities Inc.
Encompass Capital Advisors LLC
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William A Zartler
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14:10 24.05.2025
GE Vernova Secures 50 GW Backlog with Strong Demand for Gas Turbines
10:21 24.05.2025
Gibraltar Industries Reports Earnings Growth Amid Analyst Downgrades and Insider Sales
Gibraltar Industries Inc.
Swiss National Bank
Illinois Municipal Retirement Fund Fund
DEUTSCHE BANK AG
Park Avenue Securities LLC
USA
James B. Nish
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09:39 24.05.2025
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