Atkore Inc. reported a 4.2% year-over-year increase in net sales for Q2 FY26, marking its first quarterly sales growth since 2022. The company improved margins and operational efficiency through portfolio simplification, divestitures, and facility closures, focusing on domestic electrical infrastructure. Growth in data center electrification products drove double-digit gains, with management expecting continued mid-single-digit organic volume growth. Analysts rate Atkore as a Buy with a $90 price target, indicating a 22% upside compared to peers.
Xos announced a $3 million follow-on order for 12 mobile energy storage and charging systems from a leading autonomous fleet operator, supporting expansion in North America and Europe. This order highlights rising demand for mobile charging solutions...
Meta Platforms is collaborating with Reliance Industries to build its first AI-enabled data center in India, a 168-megawatt facility in Jamnagar, Gujarat. This project, expected to be completed within two years, will support Meta's global AI computin...
SpaceX's upcoming IPO is valued at $1.77 trillion, exceeding the combined $1.5 trillion valuation of all 12 aerospace companies in the S&P 500. Despite lower revenue than these firms, SpaceX's valuation reflects strong investor optimism, with some pr...
Lantronix and Cherry & White have jointly developed a rapid Wi-Fi platform that delivers enterprise-grade 5G connectivity to critical infrastructure like utilities, emergency services, and remote industrial sites. The platform uses Lantronix's rugged...
US stock futures declined following mixed market closes and geopolitical tensions after President Trump ordered strikes against Iran. Investors await May's CPI data expected to show a 4.2% annual increase, the highest since April 2023, influencing Fe...
