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This Week’s Alpha Coverage: YouTube Playlist.
Editor’s Pick:
TMUS 0.00%↑ #SpaceX #Starlink
[News] FCC approves license for T-Mobile and Starlink to provide coverage in remote U.S.: Reuters
The satellites have direct-to-cell technology to work with T-Mobile's network to expand coverage and is the first such partnership to receive such approval, the report said.
The partnership aims to extend the reach of wireless networks to remote areas and eliminate "dead zones."
Link to Seeking Alpha News Article - Nov. 26, 2024
Link to Reuters News Article - Nov. 26, 2024
[News] Rivian gets $6.6B conditional loan approval for Georgia EV plant
The Georgia plant is designed to have a production capacity of up to 400,000 vehicles annually, with plans for partial operations to commence in Q3 2027 and full capacity expected by 2028.
“This loan would enable Rivian to more aggressively scale our U.S. manufacturing footprint for our competitively priced R2 and R3 vehicles that emphasize both capability and affordability,” said founder and CEO RJ Scaringe.
Link to Seeking Alpha News Article - Nov. 26, 2024
[News] U.S. slaps more tariffs on Southeast Asian solar imports
The Biden administration announced a new round of tariffs on solar panel imports from four Southeast Asian nations on Friday, according to initial findings of a Commerce Department review that unveiled duties of as much as 271%.
At issue are imports of crystalline silicon photovoltaic cells and modules made with them from Cambodia, Malaysia, Thailand and Vietnam, countries which provide the bulk of U.S. solar cell and module imports.
The announcement comes nearly two months after the U.S. issued preliminary findings from a separate but related probe that the solar imports from Southeast Asia are unfairly benefiting from government aid.
After similar duties were imposed on solar imports from China more than a decade ago, Chinese manufacturers set up operations in other Asian nations that were not affected by the tariffs.
The U.S. investigations were triggered by an April petition from the American Alliance for Solar Manufacturing Trade Committee, which represents companies including First Solar (NASDAQ:FSLR) and Hanwha QCells.
Link to Seeking Alpha News Article - Nov. 29, 2024
News, Facts, Analyst & Market Commentary - Short Reads:
Nvidia unveils AI model for music, audio that can modify voices, generate new sounds
Nvidia (NASDAQ:NVDA) unveiled a new AI model called Fugatto for generating music and audio, aimed at people producing music, films and video games.
Fugatto (Foundational Generative Audio Transformer Opus) generates or transforms any mix of music, voices and sounds described with prompts using any combination of text and audio files, according to the company.
Nvidia said Fugatto's full version uses 2.5 billion parameters and was trained on a bank of NVIDIA DGX systems packing 32 NVIDIA H100 Tensor Core GPUs. The overall work on the model took more than a year.
Link to Seeking Alpha News Article - Nov. 25, 2024
Biden administration finalizes CHIPs Act awards for Rocket Lab
Rocket Labs will receive up to $23.9M that will be used to create a "more robust and resilient supply of space-grade solar cells that power spacecraft and satellites." Rocket Lab's grant was first awarded in June 2024.
Link to Seeking Alpha News Article - Nov. 25, 2024
#Neuralink
Elon Musk's Neuralink to begin study on brain implant and robotic arm
Neuralink, the brain implant company founded by Tesla's (NASDAQ:TSLA) Elon Musk, said it will begin a feasibility study to determine if its N1 Implant can be used to control an investigational assistive robotic arm.
“This is an important first step towards restoring not only digital freedom, but also physical freedom,” Neuralink posted on X, adding that the CONVOY study will cross-enroll patients from the ongoing PRIME study.
The implant has been placed in two people thus far, allowing them to play video games, surf the Internet, and create 3D designs.
Link to Seeking Alpha News Article - Nov. 25, 2024
TAN 0.00%↑ FSLR 0.00%↑ ENPH 0.00%↑ ARRY 0.00%↑ SHLS 0.00%↑ NXT 0.00%↑
Solar stocks rise as congressmen propose suspension of 45X manufacturing tax credit
Enphase Energy (NASDAQ:ENPH) finished +8.4% in Monday's trading, leading broad gains in most solar stocks, after two members of the U.S. House submitted a resolution to suspend the 45X advanced manufacturing production tax credit, and rewrite the legislation to prevent Chinese companies from receiving tax credits.
While legislation implemented under the Inflation Reduction Act, including the 45X tax credits, has contributed to a significant expansion of the U.S. renewable energy manufacturing sector, Michigan's John Moolenaar and Maine's Jared Golden said the tax credits currently allow for foreign companies, especially in China, to benefit from the tax breaks provided they build facilities on U.S. soil.
During a weekend webinar in which the Clean Energy Associates discussed the potential impacts of the election on the U.S. clean energy manufacturing sector, senior policy analyst Christian Roselund suggested that foreign companies would be able to benefit from the IRA tax incentives under the legislation in its current form, but that a crackdown could be coming, according to PV Tech.
Link to Seeking Alpha News Article - Nov. 25, 2024
Hims & Hers up 18% amid optimism for compounders with Makary FDA pick
Hims & Hers Health (NYSE:HIMS) is up 18% Monday as the Street appears to believe that President-Elect Donald Trump's nomination of Marty Makary for U.S. FDA Commissioner will be positive for drug compounders and companies that sell their products.
Besides being a pancreatic surgeon at Johns Hopkins University, Makary is the chief medical officer for Sesame, a privately held telehealth provider whose website states the company offers compounded semaglutide, the active ingredient in Novo Nordisk's (NVO) blockbuster weight-loss med Wegovy.
Hunterbrook Media, part of Hunterbrook Capital, which had previously put out a short report on Hims & Hers Health, reversed course Monday and is now long on the stock. Hunterbrook noted that the company could have a "key ally" in Makary.
Link to Seeking Alpha News Article - Nov. 25, 2024
ASP Isotopes completes construction, starts commissioning of Silicon-28 enrichment plant, Fuzzy Panda Drops Short Report
ASP Isotopes (NASDAQ:ASPI) +4.7% pre-market Tuesday after saying it has completed construction of a Silicon-28 enrichment facility in Pretoria, South Africa, and started the commissioning phase of the facility in preparation for supplying commercial quantities of Silicon-28 during H1 2025.
The company said it has signed two supply agreements with unnamed U.S.-based customers for highly enriched Silicon-28 from the plant, and is in discussions with "multiple other potential customers" for the supply of Silicon-28 and expects to sign more agreements during the next six months.
ASP Isotopes (ASPI) said the enrichment facility will be able to enrich more than 10 kg/year of Silicon-28, enriched to 99.995%; during construction, the company decided to expand the nameplate capacity and based on pre-commissioning data, it now believes the plant will be capable of enriching more than 50 kg/year of Silicon-28, enriched to 99.995%.
Silicon-28 is an isotope that is believed to enable quantum computing and likely will improve the performance of next generation semiconductors for artificial intelligence.
On Tuesday, shares of ASP Isotopes (ASPI) plummeted by 20% following a critical report from Fuzzy Panda Research. The report alleges that ASPI is utilizing outdated laser enrichment technology and is connected to individuals previously charged with securities fraud.
In a post on X Fuzzy Panda said “...ASPI has all the makings of the next nuclear meltdown. -Failed Tech from 20 years ago -Infamous “Microcap Fraudsters” Honig & Stetson involved -Paid Stock Promotion -Some South African Subsidiaries Suspiciously Missing”
Link to Seeking Alpha News Article - Nov. 26, 2024
Link to Investing.com News Article - Nov. 26, 2024
Link to Fuzzy Panda's X Post - Nov. 26, 2024
Disney's 'Moana 2' bashing Thanksgiving records
Moana 2 impressed with $57.5M in domestic grosses on Wednesday, after a preview total of $13.8M, and added $28M on Thursday, marking the biggest Thanksgiving ever for a film. On Friday morning, Disney (DIS) said the film had taken in $109.6M on a global basis through Thursday.
It's tracking to some $175M-plus in domestic box office over the five-day holiday weekend -- with Disney staying on the conservative side, but rival studios expecting it could hit $200M.
That's easily on pace to become the biggest Thanksgiving film ever, surpassing the five-day total of 2019's Frozen II ($125M), and perhaps the best five-day opening ever.
Its predecessor Moana, released in 2016, landed at a total of $248.8M domestically and $643.3M on a worldwide basis. It opened to just over $82M in its five-day Thanksgiving release.
Link to Seeking Alpha News Article - Nov. 29, 2024
Opinion Pieces - Facts & Opinions - Long Reads:
Electrovaya: Mispriced Potential For Industry-Leading Battery Technology
The Electrovaya battery excels in two areas: cycle life and safety profile.
Electrovaya has reported a 14,000 life cycle, the figure has been measured in the field and is not theoretical.
A second advantage of Electrovaya batteries is its safety record, with 28,000 infinity battery systems installed in material handling vehicles and 30,000 earlier versions installed in Daimler Smart cars, Electrovaya is yet to suffer a single safety issue.
The majority of Electrovaya's revenue comes from the materials handling market. Forklift trucks are heavy-duty machines working nearly 24 hours a day, and the quick charging long-life Electrovaya batteries have proven to be the best in this market. Toyota released a white paper showing the benefits of the technology (please see my earlier article for a full discussion) and signed an exclusive supply agreement, which they extended this year.
Electrovaya also sells its batteries directly to end users and through dealers for use in non-Toyota vehicles.
Sumitomo, one of the 5 large Japanese trading houses, signed an SOP (start of Production) agreement with Electrovaya to supply batteries for excavation machines this quarter. The contract follows a near 2-year testing and validation process.
Electrovaya is targeting 4 specific new verticals where it believes its product will have enough of an advantage for customers to pay a premium: construction and mining, locomotives and airport services, aerospace and defense, plus stationary storage/data centers.
Link to Seeking Alpha Opinion Piece - Nov. 25, 2024
Why I'm Doubling Down On D-Wave Quantum During This Pullback
D-Wave's quantum annealing systems are among the few quantum technologies that are currently being used in production environments by actual customers.
In the past year, the company had a total of 132 customers, compared to 125 in the previous year. Out of these, 76 were commercial customers, including 27 Forbes Global 2000 companies.
Most of these customers pay a subscription to the Leap quantum cloud service to run quantum computations without needing to own the physical hardware.
The Leap subscription is priced at $70k per year in the AWS marketplace.
Link to Seeking Alpha Opinion Piece - Nov. 27, 2024
Disclosure: We own positions in some/all of the tickers mentioned in this article.
