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GRAYSCALE FILECOIN TR by Grayscale Filecoin Trust (FIL)

Banking giant&nbsp;JPMorgan&nbsp;forecasts significant investments in Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) exchange-traded funds (ETFs) if they receive approval. The report, shared on Jan. 13, suggests these ETFs could outperform Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) ETFs in their initial six months.
What Happened: Investors are optimistic about&nbsp;the approval of the first&nbsp;spot Solana and XRP ETFs, especially with a potentially more innovation-friendly regulatory environment anticipated in the U.S. following President-elect&nbsp;Donald Trump&#8216;s inauguration on January 20. JPMorgan estimates Solana could attract $3 billion to $6 billion, while XRP might gather $4 billion to $8 billion in net new assets, Cointelegraph <a href="https://cointelegraph.com/news/solana-xrp-etfs-billion-dollar-investment-jpmorgan">reported</a> on Tuesday. 
This prediction aligns with the first anniversary of U.S. spot Bitcoin ETFs, which nearly reached&nbsp;$110 billion in cumulative holdings&nbsp;by Jan. 2. The introduction of new crypto-based ETFs could drive altcoins to unprecedented highs, similar to Bitcoin&#8217;s surge after its ETF debut.
However, JPMorgan cautions that altcoin demand remains volatile, making the performance of future crypto-based ETFs uncertain. The U.S.&nbsp;Securities and Exchange Commission is&nbsp;expected to make preliminary decisions&nbsp;on Solana ETF applications by the end of January, with major asset managers like VanEck and Grayscale awaiting outcomes.
Why It Matters: The potential approval of Solana and XRP ETFs could represent a major milestone for the cryptocurrency market. The introduction of<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42811507/bitcoin-ethereum-solana-institutional-investment-inflows-hit-record-442b-in-2024-nearly-quadrupling-previous-high"> U.S. spot-based ETFs</a> has already reshaped global investment flows. Solana, in particular, has seen significant growth, reaching <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42139601/solana-hits-264-record-high-as-etf-filings-regulatory-optimism-drive-market-momentum">a record high of $264 </a>in November, driven by ETF filings and regulatory optimism.
However, skepticism remains regarding the SEC&#8217;s approval of additional crypto ETFs. JPMorgan has previously expressed doubts about the SEC&#8217;s willingness to approve <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39030453/jpmorgan-skeptical-about-sec-approval-of-solana-other-crypto-etfs">ETFs beyond Ethereum,</a> citing concerns over the classification of cryptocurrencies as securities.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42972298/dogecoin-up-10-shiba-inu-rises-6-whats-driving-the-surge">Dogecoin Up 10%, Shiba Inu Rises 6%: What&#8217;s Driving The Surge?</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Markets

ETFs

General

$ETH

$SOL

$XRP

Solana, XRP ETFs Could Outperform Ethereum ETFs, Says JPMorgan

JMP Securities analyst Aaron Hecht reiterates American Homes 4 Rent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMH#NYSE">AMH</a>) with a Market Outperform and maintains $41 price target.

News

Price Target

Reiteration

Analyst Ratings

JMP Securities Reiterates Market Outperform on American Homes 4 Rent, Maintains $41 Price Target

A prediction made 31 years ago by the Chinese economist Justin Lin Yifu which claimed that <a href="https://www.benzinga.com/topic/china">China&#8217;s</a> economy will surpass that of the U.S., is about to materialize over the next five to 10 years, he said.
What Happened: Former chief economist and senior vice-president at World Bank, Lin Yifu&#8217;s 1994 prediction was reaffirmed by him while speaking at the Asian Financial Forum in Hong Kong on Monday, <a href="https://www.scmp.com/economy/global-economy/article/3294732/can-china-top-us-economically-2030-economist-reaffirms-bold-1994-prediction?module=top_story&amp;pgtype=homepagehttps://www.scmp.com/economy/global-economy/article/3294732/can-china-top-us-economically-2030-economist-reaffirms-bold-1994-prediction?module=top_story&amp;pgtype=homepage">reported </a>the South China Morning Post.
He believes that U.S. economic growth has decelerated along with the sluggish growth in China's annual gross domestic product.
According to him, if market exchange rates remain unchanged his prediction will come true in a few years.
This event took place on Monday just a few hours before Joe Biden&#8216;s farewell speech on Monday.
Biden said, "When I took office, you all recall, and the experts believed … it was inevitable that China's economy would surpass ours. According to many predictions that would happen by the year 2030 or shortly thereafter."
"Now, according to the latest predictions, on China's current course, they will never surpass us,&#8221; he added.
However, Lin Yifu in his speech said that China's annual economic growth is still notably higher than that of the U.S.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/01/42967497/charlie-mungers-defense-of-active-investing-resurfaces-amid-etf-boom-life-is-more-than-passive-wealth-accumulation">Charlie Munger&#8217;s Defense Of Active Investing Resurfaces Amid ETF Boom: &#8220;Life Is More Than Passive Wealth Accumulation&#8221; </a>
Why It Matters: In 1994, Lin Yifu penned his book &#8216;The China Miracle,&#8217; where he had made this prediction. Back then, China&#8217;s economic growth was soaring, exceeding 13%. This peaked at 14.2% in 2007 before gradually decelerating. Since 2011 the growth dipped to 9.6% and the Chinese economy has consistently seen single-digit expansion.
During his speech Lin Yifu expressed unwavering confidence in China&#8217;s ability to significantly increase its per capita GDP, aiming to reach half of the United States&#8217; level by 2049.
This ambitious goal, if achieved, would translate into China&#8217;s total GDP surpassing that of the U.S. by a factor of two, solidifying the nation&#8217;s position as a global economic powerhouse and moving it closer to its aspiration of becoming a stronger, more modernized country.
China's National Bureau of Statistics is set to release the country's 2024 GDP data on Friday. President Xi Jinping closed out the year by saying China was on track to hit its goal of "around 5%".
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/01/42967576/meta-investors-push-mark-zuckerberg-to-replace-72b-cash-with-bitcoin-to-combat-inflation-heres-what-it-means-for-investors">Meta Investors Push Mark Zuckerberg To Replace $72B Cash With Bitcoin To Combat Inflation: Here&#8217;s What It Means For Investors</a></li>
</ul>
Photo by IOCool via Shutterstock

Macro Economic Events

Economics

China's Economy Poised To Overtake US By 2035, Says Top Chinese Economist Who Made The Bold Prediction 1994

Contracts

OMQS

OMNIQ Secures $1M In New Purchase Orders From A Logistics And Manufacturing Partner

Producer prices rose less than anticipated in December, offering a potential reprieve for the Federal Reserve as it aims to bring inflation under control <a href="https://www.benzinga.com/news/econ-s">without derailing economic growth.</a>
The data, released by the Bureau of Labor Statistics on Tuesday, showed the Producer Price Index rising 3.3% year-over-year, up from November's 3% but below forecasts of a 3.4% increase. On a monthly basis, prices rose 0.2%, decelerating from November's 0.4% and falling short of the 0.3% analysts had expected.
Driving the December rise in prices for final demand goods, gasoline prices surged 9.7%. Residential electric power, meats, motor vehicles, gas fuels and fresh fruits and melons also saw price increases. On the other hand, prices for fresh and dry vegetables dropped sharply by 14.7%, while carbon steel scrap and residual fuels also declined.
Core PPI, which excludes volatile food and energy costs, rose 3.5% annually in December, holding steady from November and coming in below expectations of 3.8%. On a monthly basis, core producer inflation flattened, decelerating from the prior month&#8217;s 0.2%, and below forecasts of a 0.3% rise. 
The weaker-than-expected figures mark a departure from November's data, which showed a surprise acceleration in producer inflation. 
<h3 class="wp-block-heading">Why Producer Inflation Data Matters</h3>
The PPI is a key gauge of upstream price movements, often serving as a leading indicator for shifts in consumer inflation. Stronger producer price growth can signal relief for businesses and consumers, particularly if companies face less pressure to pass along higher input costs.
The moderation in monthly core PPI is especially notable, as it indicates that price pressures are less widespread across underlying components. 
The timing of this report is critical, as it precedes Wednesday's release of the Consumer Price Index. 
Economists expect the December CPI to rise from 2.7% to 2.9% annually, while core inflation is forecast to hold steady at 3.3%. The softer PPI data may temper concerns of a significant upside surprise in consumer inflation, offering hope that the Federal Reserve&#8217;s 2% target remains achievable.
<h3 class="wp-block-heading">Market Reactions</h3>
The cooler-than-expected PPI report provided some relief to markets, which have been grappling with uncertainty over the Fed's policy direction.
According to CME Group's FedWatch tool, expectations for rate cuts in 2025 ticked slightly higher following the report. 
Markets are now pricing in rising likelihoods of one 25-basis-point cut by the end of the summer.
Treasury yields slightly fell in response to the data. The two-year yield, which is particularly sensitive to Fed policy expectations, dropped 2 basis points to 4.37%. The dollar weakened modestly, with a key index tracking the greenback holding steady during the session.
Stock futures were higher in premarket trading. Contracts on the S&amp;P 500 edged up 0.5%, while Nasdaq 100 futures rallied 0.9%.
On Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.1%, touching levels last seen on Nov. 5, 2024, the day before the U.S. presidential election results were announced.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/01/42968927/us-stocks-poised-to-gain-a-day-after-tech-stocks-dragged-nasdaq-down-analyst-calls-markets-overly-optimistic-as-sp-500-trades-at-23x-forward-earnings">US Stocks Poised To Gain A Day After Tech Stocks Dragged Nasdaq Down: Analyst Calls Markets &#8216;Overly Optimistic&#8217; As S&amp;P 500 Trades At 23x Forward Earnings</a></li>
</ul>
Photo via Shutterstock.

Broad U.S. Equity ETFs

Econ #s

Producer Price Inflation Rises Less Than Expected, Offers Opportunity For Market Rebound

Aligos Therapeutics's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALGS#NYSE">ALGS</a>) short percent of float has risen 30.68% since its last report. The company recently reported that it has 597 thousand shares sold short, which is 26.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Aligos Therapeutics Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736862320_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Aligos Therapeutics has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Aligos Therapeutics's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Aligos Therapeutics's peer group average for short interest as a percentage of float is 10.45%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

ALGS

How Is The Market Feeling About Aligos Therapeutics?

Symbotic's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NYSE">SYM</a>) short percent of float has risen 3.58% since its last report. The company recently reported that it has 16.06 million shares sold short, which is 38.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.28 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Symbotic Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736862315_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Symbotic has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Symbotic's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Symbotic's peer group average for short interest as a percentage of float is 3.58%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Symbotic?

Vulcan Materials's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>) short percent of float has risen 8.18% since its last report. The company recently reported that it has 2.00 million shares sold short, which is 1.72% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.64 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Vulcan Materials Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736862311_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Vulcan Materials has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Vulcan Materials's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Vulcan Materials's peer group average for short interest as a percentage of float is 3.43%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Vulcan Materials's Recent Short Interest

<a href="https://www.globenewswire.com/Tracker?data=RK404KcucVC5kfH-9myA6EIOFnooDOkvFWh9flxw6PCMfi1AIYpAp--qUb86PnU8by9kPg_U-sR8u1LTx4OeYBxUZ2Uuw8u6R3S23TlllVA=">KULR Technology Group, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NYSE">KULR</a>) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced the signing of a multi-million-dollar licensing agreement with a new technology partner ("Licensee") to enable advanced carbon fiber cathode applications for nuclear reactor systems in Japan.

Global

KULR

KULR Announces The Signing Of A Multi-Million-Dollar Licensing Agreement With A New Technology Partner To Enable Advanced Carbon Fiber Cathode Applications For Nuclear Reactor Systems In Japan

DIFS Technology: A Potential Game-Changer for Mental Health Treatments
Setting New Benchmarks: 65% Response Rate Shown in Completed Depression Trials
Alzheimer's Research Shows Promising Results with Increased Brain Activity
Virtual Clinic Poised to Revolutionize Mental Health Care with AI Integration
Pursuing CE Mark to Expand into European Markets in 2025
Strategic Focus on PTSD, TBI, and Addiction Research for Veterans
Global Growth with Approvals in China, Brazil, and Oman
Neuromodulation Market Positioned to Reach $11 Billion by 2028

Guidance

Nexalin Technology Unveils DIFS Advancements For Mental Health, 65% Depression Trial Success, Alzheimer's Brain Activity Boost, AI-Driven Virtual Clinic Launch, European Expansion In 2025, Veterans' PTSD, TBI, Addiction Focus; Global Approvals In China, Brazil, Oman

Goldman Sachs analyst Susan Maklari maintains CSW Industrials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSWI#NASDAQ">CSWI</a>) with a Neutral and lowers the price target from $450 to $400.

CSWI

Goldman Sachs Maintains Neutral on CSW Industrials, Lowers Price Target to $400

ASTC

Astrotech Subsidiary, 1st Detect, Wins Homeland Security Research And Development Contract To Expand TRACER 1000 Explosive Threat Detection; Contract Has Total Potential Value Of $1,290,650

Keybanc analyst Jason Celino assumes Pegasystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) with a Overweight rating and announces Price Target of $118.

Initiation

PEGA

Keybanc Assumes Pegasystems at Overweight, Announces Price Target of $118

Designed to Transform the Future of Advanced Air Mobility, Electric Vehicles, and Drones by Offering Unmatched Energy Density at High Discharge Rates
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Famprius.com%2F&amp;esheet=54179398&amp;newsitemid=20250114667030&amp;lan=en-US&amp;anchor=Amprius+Technologies%2C+Inc.&amp;index=1&amp;md5=07700c8ea60dc93c0c0d3ac1b941ef2d">Amprius Technologies, Inc.</a> ("Amprius") (NYSE:<a href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>),a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced a new SiCore&#x2122; cell as part of its expanding <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fir.amprius.com%2Fnews-events%2Fpress-releases%2Fdetail%2F77%2Famprius-broadens-product-portfolio-with-new-commercially&amp;esheet=54179398&amp;newsitemid=20250114667030&amp;lan=en-US&amp;anchor=SiCore+product+platform&amp;index=2&amp;md5=4d9fcf3f95444c98cf19c664e4a4cdcd">SiCore product platform</a>. Designed to revolutionize high-performance electric mobility, the SiCore platform utilizes a proprietary silicon anode material system to deliver the best-known commercially available energy and power performance in one cell.

Biotech

AMPX

Amprius Announces Breakthrough SiCore Cell Chemistry To Boost Battery Performance For Electric Mobility Applications

Goldman Sachs analyst Susan Maklari maintains Carlisle Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSL#NYSE">CSL</a>) with a Buy and lowers the price target from $520 to $465.

Goldman Sachs Maintains Buy on Carlisle Companies, Lowers Price Target to $465

Strategic Transaction Introduces Game-Changing Energy and IoT Innovations, Setting the Stage for Long-Term Shareholder Value
Michael McLaren appointed Chairman of Safe &amp; Green
MIAMI, FL, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Safe &amp; Green Holdings Corp. (NASDAQ:<a href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) ("Safe &amp; Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, today announced the execution of a binding Letter of Intent ("LOI") to acquire 100% of the outstanding securities of New Asia Holdings Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/NAHD#OTCQB">NAHD</a>) ("NAHD"). The acquisition includes a diversified energy company Olenox Corp. ("Olenox"), a wholly owned subsidiary of NAHD. The acquisition also includes Machfu.com ("Machfu"), a wholly owned subsidiary of Olenox, specializing in secure connectivity and automation solutions for industries such as oil &amp; gas, utilities, and manufacturing.
Olenox's operations include three vertically integrated business units: Oil &amp; Gas Production, Energy Services, and Energy Technologies. Olenox specializes in acquiring and revitalizing underdeveloped energy assets, leveraging proprietary technologies and operational expertise to enhance production efficiency, lower costs, and minimize environmental impact.
Key achievements of Olenox include expanding production from 113 barrels of oil equivalent per day (BOE/day) to a projected 700 BOE/day through increased operational capacity and innovative technologies. By focusing on distressed and neglected oil and gas fields in Texas, Oklahoma, and Kansas, Olenox has created a scalable model that addresses industry inefficiencies while maintaining a strong commitment to sustainability. Following the acquisition of NAHD, Safe &amp; Green will continue to maintain its current operations and fabrication of modular structures. In addition, the Company plans to leverage its existing facilities, including its Waldron facility in Durant, Oklahoma, to support its new operations in the oil and gas industry. Company management expects that this dual focus will enable the combined entity to achieve greater efficiencies and benefit from economies of scale across its business segments. This approach aligns with the Company's overarching vision to lead advancements in sustainable energy, food, water, and shelter as essential pillars for fostering global resilience.
Olenox's proprietary plasma pulse and ultrasonic cleaning tools set it apart from traditional energy players. These advanced technologies allow for cost-effective recovery of oil and gas while reducing the environmental footprint, ensuring alignment with global sustainability trends. Olenox's Energy Services division, with its customized service rigs and reclamation capabilities, enhances the value of its production assets while generating additional revenue streams through third-party contracts.
Machfu.com is a trailblazer in the Industrial IoT sector. Its flagship product, the MachGateway&#xAE;, and Edge-to-Enterprise&#x2122; software enable seamless integration of legacy systems with modern IoT platforms. With over 20,000 gateways deployed globally, Machfu has proven its ability to deliver real-time data analytics, predictive maintenance, and operational efficiency to industrial clients.
Machfu's technology supports cost reduction and productivity gains by minimizing downtime and optimizing equipment performance. For example, its Bluetooth IoT gateways connect over 125 sensors per device, enabling scalable, low-cost solutions for monitoring and control in industrial environments. These capabilities directly address the growing demand for automation and digital transformation in energy and other key industries, creating high-margin recurring revenue opportunities for the combined entity.
In connection with the transaction, Michael McLaren, recently appointed CEO of Safe &amp; Green, as well as founder and CEO of Olenox, will assume the additional role of Chairman of Safe &amp; Green, succeeding Paul Galvin, who will remain on Safe &amp; Green's board of directors. McLaren brings decades of experience in energy production, sustainability, and innovation, making him uniquely positioned to lead the company's expanded vision.

Management

NAHD

SGBX

Safe & Green Holdings Announces LOI For Transformative Acquisition Of Olenox And Machfu.com; No Financial Terms Disclosed; Michael McLaren Appointed Chairman Of Safe & Green

<ul>
<li>Eaton power distribution equipment and monitoring software establish resilient energy backbone for state-of-the-art semiconductor R&amp;D</li>
</ul>

Eaton Wins $20M Contract To Support Power Semiconductor Research At NY CREATES' New Facility

Managed Services Agreement (MSA) Expected to Contribute $7 Million in Revenue During 2025
MSA Poised to Deliver Long-Term Sustainable Growth for ConnectM
MARLBOROUGH, Mass., Jan. 14, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) ("ConnectM" or the "Company"), a leader in the electrification economy, today announced its wholly owned subsidiary, ConnectM Technology Services LLC, has entered into a Managed Services Agreement (the "MSA") with County Comfort Home Solutions Inc. ("<a href="https://www.globenewswire.com/Tracker?data=kj5dVttqjEK_z16Dk9CnbVNJLOkRJ2oFFIGBjsKvLSD2Mw8gZmrwZ61TuvnZ0fBPZQ30GBZq7seyVgxqgIa5zbeP4XOBBmgbWOunsNtHa10=">County Comfort</a>,") a Westchester County, New York-based company specializing in energy audits, insulation, weatherization, solar and battery systems and advanced HVAC systems, among other services. This strategic partnership is expected to drive growth and operational efficiencies for both organizations, leveraging ConnectM's comprehensive platform consisting of its Energy Intelligence Network, vendor management, and enhanced procurement amongst its features.
Under the terms of the MSA, the parties have also signed a non binding Letter of Intent to acquire County Comfort at a 5X multiple of EBITDA, contingent upon County Comfort meeting predefined financial milestones. This partnership aims to further enhance revenue and profitability through joint initiatives.

CNTM

ConnectM Announces Managed Services Agreement With Service Provider, County Comfort; Managed Services Agreement Expected To Contribute $7M In Revenue During 2025

<ul>
<li>Continued Significant Improvement in Skin Appearance Observed in Study</li>
<li>Subject's Disease Classification Improved from "Severe" to "Mild" after 6 Weeks Dosing
<ul>
<li>Treatment area expanded from 20% Body Surface Area to "Whole Body" &nbsp;</li>
</ul>
</li>
</ul>

QNRX

Quoin Pharmaceuticals Reports Interim Clinical Data From Ongoing Investigator Pediatric Netherton Syndrome Clinical Study

Keybanc analyst Jason Celino assumes Appian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) with a Sector Weight rating.

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