Powell Industries reported a strong order intake with a record backlog of $2.4 billion and $934 million in new orders, including a significant $400 million data center project. Despite this robust demand, the stock trades at a high valuation of 28 times its projected 2027 earnings, which is considered expensive for a project-driven industrial company. The stock is rated Hold at $189 due to elevated execution risks, including the need for timely capacity expansion, maintaining margins above 28%, and sustaining momentum in data center orders. Future growth and stable margins are critical for Powell to justify its valuation and deliver attractive long-term returns.
Metaplanet capped its Series 10 executive option pool at 319.5 million shares after removing an automatic adjustment that had increased dilution following its 2024 Bitcoin treasury pivot. CEO Simon Gerovich exercised 92,000 rights, creating 64 millio...
PopDEX has started its latest Trader and Contributor Rewards campaign, running from September 6 to 20, where eligible trading activity automatically counts toward rewards. The exchange also introduced a Meme Gang War competition dividing participants...
The XRP Ledger's proposed BatchV1_1 upgrade currently has 68.57% support from validators but requires over 80% approval sustained for 14 consecutive days to activate. This upgrade allows bundling up to eight transactions into one, enabling new use ca...
Energy ETFs Energy Select Sector SPDR (XLE) and SPDR S&P Oil & Gas E&P ETF (XOP) are rated strong buys as their valuations reflect long-term oil prices around $67.50 per barrel, which is below current spot prices above $90. This year, these ETFs have...
In the recent quarter, the Goldman Sachs India Equity ETF delivered a net return of 13.77%, outperforming the MSCI India IMI benchmark by 107 basis points. The Consumer Discretionary sector was the largest positive contributor, while an underweight p...
