VivoPower PLC secured $50 million through a private investment in public equity (PIPE) led by Blue Sky Capital to finance the conversion of its AI data center in Mo i Rana, Norway, and reduce corporate debt. The investment involved institutional investors from the US, Europe, UK, and Nordic regions, with securities structured as convertible preference shares at $7.50 per share, carrying a 6% coupon and fixed-price warrants. This funding strengthens VivoPower's balance sheet and supports its growth in AI data center infrastructure, starting with the Mo i Rana project. The company also broadened its investor base with long-term institutional partners sharing its vision.
United Natural Foods (UNFI) is set to report Q4 earnings with revenue expected around $7.71 billion, a slight 1.6% decline from last year due to network optimization. Despite the revenue drop, EPS is forecasted to rise sharply to $0.61-$0.62, a signi...
Oracle reported strong fiscal 2026 results with 17% revenue growth to $67 billion and a 36% net income increase, driven by a 75% surge in its cloud infrastructure segment. Despite a recent 55% stock price drop from its peak, Morgan Stanley raised Ora...
RBC Capital increased its price target for cybersecurity firm Zscaler to $210, maintaining an "Outperform" rating due to the company's strong financial results and AI innovation. Zscaler reported a 25% rise in revenue and Annual Recurring Revenue, su...
Lululemon Athletica's shares fell about 18% after the company lowered its full-year financial forecast for the second time, reflecting ongoing challenges. In Q2 2026, total net revenue dropped 4% to $2.40 billion, with a 10% fall in comparable sales ...
Teva Pharmaceutical Industries received a boost as UBS reaffirmed its "Buy" rating and raised the price target to $48, up from $36.62. This follows positive Phase 2a clinical trial results for TEV '408, a drug showing significant prevention of intest...
