Latest News for Teco 2030 Stock (OTC:TECFF)

Teco 2030 ASA is an engineering and equipment development company in the renewable energy sector. The company is developing technologies for marine emission reduction like Proton-exchange membrane fuel cells system integration and particulate and black carbon capture for exhaust gas cleaning. Its solutions include TECO PEM Fuel cells, TECO Future Funnel, TECO Future Funnel, and TECO Fuel Cell Factory. Its geographical segments are the United States and Malaysia, of which the USA accounts for the majority of the revenue.

News

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Morning Brief: Top Financial Stories Dominating on Monday, June 13

Small Cap

TECO 2030 (OTC: TECFF) is launching a hydrogen powered tanker concept, Hy-Ekotank, together with our partners Ektank AB, Shell Shipping and Maritime, and DNV.

The hydrogen powered tanker will allow zero emission at berth, and up to 100% reduction of GHG emissions during voyage.

TECO 2030 Launches Hydrogen Tanker Concept With Partners

Teco 2030 ASA

WIIM

CARR

Carrier Global shares are trading lower following mixed Q1 financial results. The company also reduced its 2024 revenue guidance.

Baird analyst David Rescott maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Outperform and raises the price target from $79 to $84.

Price Target

Analyst Ratings

Baird Maintains Outperform on Boston Scientific, Raises Price Target to $84

Guidance

MBLY

Mobileye Global Reiterated FY24 Revenue Outlook Of $1.830B-$1.960B Vs. $1.90B Estimate, Projects FY24 Adjusted Operating Income Of $270M-$360M

Caterpillar shares are trading lower after the company reported better-than-expected Q1 EPS but missed revenue estimates.

Needham analyst Mike Cikos reiterates ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and maintains $900 price target.

Reiteration

Needham Reiterates Buy on ServiceNow, Maintains $900 Price Target

General

AULT

Ault Alliance's Subsidiary, Sentinum, Has Signed Its First Non-mining Colocation/Hosting Agreement Utilizing The Tier 3 Portion Of Its Approximately 100,000 Square Foot Enterprise-class Data Center

Baird analyst Jeff Johnson maintains Align Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) with a Outperform and raises the price target from $333 to $370.

ALGN

Baird Maintains Outperform on Align Tech, Raises Price Target to $370

MNST

Monster Beverage shares are trading lower after Truist Securities downgraded the stock from Buy to Sell and lowered its price target from $65 to $46.

NCLH

Shares of cruise stocks are trading higher in sympathy with Royal Caribbean, which raised its 2024 guidance.

Baird analyst Michael Bellisario maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a Outperform and raises the price target from $212 to $215.

Baird Maintains Outperform on Hilton Worldwide Holdings, Raises Price Target to $215

Merck shares are trading higher after the company reported better-than-expected Q1 financial results and raised its 2024 guidance.

<div>The Company does not anticipate receipt of any additional milestone payments from collaborations in the remainder of 2024.&nbsp;The Company anticipates operating expenses will decrease in 2024 relative to 2023.​&nbsp;With the availability of ZURZUVAE in the U.S. as an additional treatment for women with PPD, the Company anticipates ZULRESSO revenues will continue to decrease over time.</div>

SAGE

Sage Therapeutics Expects Cash & Equivalents Plus Funding To Support Its Operations Into 2026; Expects ZULRESSO Revenues To Continue To Decrease Over Time

Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) reported quarterly earnings of $1.20 per share which missed the analyst consensus estimate of $1.23 by 2.44 percent. This is a 14.29 percent increase over earnings of $1.05 per share from the same period last year. The company reported quarterly sales of $3.135 billion which missed the analyst consensus estimate of $3.295 billion by 4.85 percent. This is a 3.67 percent increase over sales of $3.024 billion the same period last year.

Earnings

Earnings Misses

Textron Q1 2024 Adj EPS $1.20 Misses $1.23 Estimate, Sales $3.135B Miss $3.295B Estimate

HC Wainwright &amp; Co. analyst Raghuram Selvaraju initiates coverage on Processa Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) with a Buy rating and announces Price Target of $8.

Initiation

PCSA

HC Wainwright & Co. Initiates Coverage On Processa Pharma with Buy Rating, Announces Price Target of $8

IIIN

For Second Half FY24, Insteel Indus Expects Growing Momentum Across The Business Driven By The Seasonal Upturn In Construction Activity, Continued Recovery In Customers Demand, And An Improving Macroeconomic Outlook

Baird analyst David Tarantino maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Outperform and raises the price target from $3250 to $3500.

Baird Maintains Outperform on Chipotle Mexican Grill, Raises Price Target to $3500

CBIZ Sees FY24 Revenue Growth Of 7% - 9%; Adj EPS Of $2.70 - $2.75 Vs. $2.72 Est.

First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) reported quarterly earnings of $52.92 per share which beat the analyst consensus estimate of $43.32 by 22.16 percent. This is a 163.41 percent increase over earnings of $20.09 per share from the same period last year. The company reported quarterly sales of $1.82 billion which missed the analyst consensus estimate of $2.36 billion by 22.88 percent. This is a 114.12 percent increase over sales of $850.00 million the same period last year.

Earnings Beats

FCNCA

First Citizens BancShares Q1 Adj $52.92 Beats $43.32 Estimate, Sales $1.82B Miss $2.36B Estimate

Applied Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) reported quarterly earnings of $2.48 per share which beat the analyst consensus estimate of $2.41 by 2.9 percent. This is a 0.4 percent increase over earnings of $2.47 per share from the same period last year. The company reported quarterly sales of $1.146 billion which beat the analyst consensus estimate of $1.132 billion by 1.25 percent. This is a 1.24 percent increase over sales of $1.132 billion the same period last year.

Applied Industrial Q3 2024 GAAP EPS $2.48 Beats $2.41 Estimate, Sales $1.146B Beat $1.132B Estimate

2024&nbsp;Guidance
Mrs. de Vet-Veithen concluded, &quot;The fundamentals of our three business segments are strong and we remain confident that we are well positioned to deliver on our growth objectives. We continue to expect to report consolidated revenue for the full fiscal year 2024 within the 265,000 to 275,000 kEUR range we communicated in our year-end 2023 earnings announcement in February 2024. We are also maintaining our Adjusted EBIT&nbsp;guidance&nbsp;of 11,000 kEUR to 14,000 kEUR for fiscal year 2024.&quot;

MTLS

Materialise Reiterated FY24 Revenue of €265M-€275M

Warning: TECFF is at high risk of performing badly

Press Releases

TECO 2030 Starts Manual Production of Fuel Cell Stacks

TECO 2030 ASA Expands its Partnership with Chart Industries Inc to Include all Howden solutions for Ship Efficiency and Carbon Emissions Reductions

TECO 2030 completes production of the first stack in Narvik

TECO 2030 and AVL Successfully Complete Feasibility Study on Industrializing Heavy-Duty Truck Systems

TECO 2030 and Skeleton Technologies enter a strategic partnership to boost zero-emission technologies

The IMO accelerates net-zero GHG emissions strategy for international shipping

TECO 2030 and partners to receive EUR 13.5 million Horizon Europe grant for passenger ferry project

TECO 2030 signs MoU with an undisclosed European Motor Company

TECO 2030 and Pherousa Green Shipping sign supply agreement to realize ammonia powered zero-emission deep-sea shipping

TECO 2030 to Present at the Hybrid US Climate Investor Conference December 7th 2023

GTLS

Teco 2030

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Latest News for Teco 2030 Stock (OTC:TECFF)

Monday, June 13, 2022