Latest News for Xigem Technologies Stock (OTC:XIGMF)

Xigem Technologies Corp is a SaaS technology platform with software capable of improving capacity, productivity, and overall remote operations for businesses, consumers, and other organizations. It consists of a comprehensive cloud-computing solution for remote business operations and institutions, giving safety and access to remote virtual work environments.

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shares of boating stocks are trading lower after MarineMax reported worse-than-expected Q2 financial results and cut its FY24 adjusted EPS guidance.

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Rumors

IPOs

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LOAR

Loar Holdings IPO Indicating $40/Share On 516,939 Shares; IPO Priced At $28/Share

UBS analyst Joseph Spak maintains QuantumScape (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) with a Neutral and lowers the price target from $9 to $5.

Price Target

Analyst Ratings

UBS Maintains Neutral on QuantumScape, Lowers Price Target to $5

Honda Motor Co Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) will reportedly invest CA$15 billion ($11 billion) to establish electric vehicle manufacturing facilities north of Toronto, with substantial financial support from Canadian authorities.
Honda executives, alongside Canadian Prime Minister Justin Trudeau and Ontario Premier&nbsp;Doug Ford, will unveil the investment in Alliston, Ontario.
The decision follows close negotiations between Honda and the Canadian government, according to a&nbsp;report from&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-25/honda-s-11-billion-electric-vehicle-expansion-includes-government-aid-in-canada?sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Honda&#8217;s move reflects a strategic commitment to meet&nbsp;the&nbsp;growing demand for electric vehicles&nbsp;in North America.
The company, known for its hybrid cars in the U.S., intends to commence production of its inaugural U.S.-manufactured fully electric vehicles in Marysville, Ohio, next year.
For Trudeau and Ford, the investment marks a significant milestone in their efforts to position Canada as a&nbsp;key&nbsp;player in the North American electric vehicle market.
Both leaders have already allocated substantial funds to attract other manufacturers, such as&nbsp;Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), to establish large-scale EV battery plants in the country.
As per the report, Honda plans to construct a new battery assembly plant in Alliston, augmenting existing facilities for electric vehicle production.
The report further noted that the investments&nbsp;are earmarked&nbsp;for a cathode materials facility and a battery components plant in Ontario, with specifics to&nbsp;be disclosed&nbsp;later.
Federal assistance to Honda includes tax credits for clean manufacturing and electric vehicle production, contingent on Honda&#8217;s actual expenditure in Canada.&nbsp;Ontario will subsidize capital costs and&nbsp;potentially&nbsp;fund infrastructure upgrades like roads and sewers.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38424184/teslas-latest-china-rival-xiaomi-registers-record-bookings-for-its-ev-report" rel="noreferrer noopener">Tesla&#8217;s Latest China Rival Xiaomi Registers Record Bookings For Its EV: Report</a>
Price Action: HMC shares traded lower by 2.38% at $33.59 at last check Thursday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Equities

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General

AVDE

DFIV

VWAGY

Honda's Bet On Canadian EV Hub: Reportedly Plans $11B Investment

Sonic Automotive shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results.

RBRK

Rubrik IPO Indicating $38/Share On 931,988 Shares; IPO Priced At $32/Share On 23.5M Shares

Marex Group IPO Indicating $20/Share On 652,128 Shares; IPO Priced At $19/Share On 15.385M Shares

Avis Budget shares are trading lower in sympathy with Hertz, which fell after reporting mixed Q1 financial results.

NFBK

Northfield Bancorp shares are trading lower after the company reported worse-than-expected Q1 sales results.

UBS analyst Thomas Wadewitz maintains Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) with a Buy and lowers the price target from $302 to $294.

UBS Maintains Buy on Norfolk Southern, Lowers Price Target to $294

Standard Lithium (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SLI#AMEX">SLI</a>) has commissioned the largest continuously operating direct lithium extraction (DLE) unit in North America, taking a significant step towards establishing the company as a major <a href="http://benzinga.com/topic/lithium">sustainable lithium producer. </a>
The unit is part of the company&#8217;s demonstration plant near El Dorado, Arkansas, extracting lithium from the Smackover Formation brine at an input flow rate of 90 gallons per minute.
&#8220;The column currently operating at Standard Lithium's demonstration plant is identical to those that will be used in the commercial application, both in terms of the size, design, and construction of the column, as well as the sorbent media being used inside,&#8221; <a href="https://www.standardlithium.com/investors/news-events/press-releases/detail/170/standard-lithium-successfully-commissions-first">stated</a> President &amp; COO, Dr. Andy Robinson, referring to the Li-Pro lithium selective sorption (LSS) unit supplied by Koch Technology Solutions.
Now Read: <a href="https://www.benzinga.com/news/events/24/04/38190880/exclusive-lithium-market-faces-daunting-supply-demand-challenge-says-nevada-lithium-ceo">EXCLUSIVE: Lithium Market Faces &#8216;Daunting&#8217; Supply-Demand Challenge, Says Nevada Lithium CEO</a>
The technology behind direct lithium extraction offers several advantages over traditional lithium mining methods. The DLE process can achieve a lithium recovery rate of over 97%, as evidenced during two weeks in April 2024 at Standard Lithium&#8217;s demonstration plant. The test achieved this high recovery rate while rejecting over 99% of key contaminants such as sodium, calcium, magnesium and potassium.
These results suggest that DLE can be more efficient and environmentally friendly, as it reduces the need for large evaporation ponds and minimizes the environmental footprint.
Unlike traditional methods, which often involve large-scale mining operations and extensive use of evaporation ponds, DLE utilizes advanced technologies like filters, membranes, or ceramic beads to extract lithium from brine. After extraction, the spent brine is reinjected into the ground, reducing the environmental impact and conserving water resources.
Standard Lithium is one of many companies that recognize the potential of DLE technology. Exxon Mobil is also pursuing DLE in Arkansas, while fellow oil giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) also test <a href="https://www.benzinga.com/news/24/03/37623431/lithium-mining-causes-pollution-but-new-methods-could-showcase-more-eco-friendly-approach">these solutions</a>. This strategic move aligns with their efforts to diversify their portfolios and cater to the growing electric vehicle market.
The growth of direct lithium extraction could positively influence the lithium industry in regions with limited water resources, such as the <a href="https://www.benzinga.com/markets/esg/24/03/37788709/white-gold-rush-grapples-with-long-term-sustainability-implications-of-lithium-mining">Lithium Triangle</a> in South America. By reducing the dependency on evaporation ponds and implementing more sustainable extraction methods, DLE can offer a path to lithium production with a reduced environmental footprint, benefiting arid and water-scarce regions.
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!
Also read: <a href="https://www.benzinga.com/markets/asia/24/04/38412172/will-indonesias-new-president-continue-nickel-policy-which-undercuts-competitors">Will Indonesia&#8217;s New President Continue Nickel Policy, Which Undercuts Competitors?</a>
Image generated using artificial intelligence via Midjourney.

Commodities

Small Cap

Standard Lithium Activates Cutting-Edge Plant, Paves Way For Cleaner Mining

Stephens &amp; Co. analyst Russell Gunther maintains Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) with a Equal-Weight and lowers the price target from $30 to $27.

WSBC

Stephens & Co. Maintains Equal-Weight on Wesbanco, Lowers Price Target to $27

Financing Plan Highlights
PG&amp;E Corporation shared its five-year financing plan, which includes funding $62 billion of safety and reliability capital expenditures. The plan, which does not assume a sale of the Utility's non-nuclear generation assets, reaffirms PG&amp;E Corporation's commitment of no new equity in 2024; enables substantial dividend growth over the five-year horizon; and assumes up to $3 billion of potential equity needs over the period 2025 through 2028.

Guidance

Dividends

PG&E Corp Shared Its 5-Year Financing Plan, Which Includes Funding $62B Of Safety And Reliability Capital Expenditures. The Plan, Which Does Not Assume A Sale Of The Utility's Non-Nuclear Generation Assets, Reaffirms Commitment Of No New Equity In 2024; Enables Substantial Dividend Growth Over The 5-Year Horizon; And Assumes Up To $3B Of Potential Equity Needs Over The Period 2025-2028

GSHD

Goosehead Insurance shares are trading lower after the company reported worse-than-expected Q1 sales results and issued FY24 revenue guidance below estimates. Also Piper Sandler and Keefe, Bruyette & Woods lowered their respective price targets on the stock.

APTV

Shares of auto parts stocks are trading lower in sympathy with O'Reilly Automotive, which fell after reporting Q1 financial results.

Stephens &amp; Co. analyst Russell Gunther maintains City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Equal-Weight and lowers the price target from $100 to $99.

CHCO

Stephens & Co. Maintains Equal-Weight on City Holding, Lowers Price Target to $99

UBS analyst Karl Keirstead maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and lowers the price target from $920 to $875.

UBS Maintains Buy on ServiceNow, Lowers Price Target to $875

Gorman-Rupp shares are trading lower after the company reported worse-than-expected Q1 financial results.

Offerings

SYTA

Siyata Mobile Inc Files For Offering On Best-efforts Basis Up To 1.4M Common Shares

Ethan Allen Interiors shares are trading lower after the company reported worse-than-expected Q3 financial results.

Xigem Technologies provides update on acquisition of EchoDigital

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