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☆ Solar CEOs bet that Red State investments will protect them from threat of Trump repealing IRA
▼ + stars: | 2024-03-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +9 min

First Solar , the largest panel manufacturer in the U.S., expects to receive about $1 billion in tax credits this year for making its products domestically. Eight of the top 10 congressional districts in terms of solar investments are represented by Republicans, according to the think tank. Enphase CEO Badri Kothandaraman is blunt that repealing the IRA tax provisions would hurt domestic manufacturing. Enphase makes inverters, a crucial component that converts solar energy harvested by panels into electricity that's usable in homes and in the power grid. Republicans appear less opposed to the wind and solar tax credits, Marcus said.

Persons: Biden, Trump's, Mark Widmar, Widmar, we've, who's, Badri Kothandaraman, Kothandaraman, Trump, Enphase, Tobin Marcus, Marcus, Wolfe, Dan Shugar, Shugar, John Berger, Berger Organizations: Republican, Financial Times, Republicans, House, First, CNBC, GOP, Center, American Progress, Wolfe Research, Senate, Trump, Investors, Detroit autoworkers, Department of Energy Locations: U.S, Arizona, Ohio, Louisiana, Alabama, Puerto Rico, Columbia , South Carolina, Arlington , Texas, Houston

☆ SolarEdge might not recover until 2025 as residential solar market struggles to bounce back
▼ + stars: | 2024-02-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

SolarEdge might not recover until early 2025 as the company remains saddled with inventory in Europe and faces weak demand in the U.S., signs that the residential solar market in particular is struggling to bounce back in the face of high interest rates. Citi said SolarEdge remains a high-risk stock with the investment bank slashing its price target by $6 to $83. Cho rates SolarEdge as underweight with a price target of $50, implying 40% downside from Tuesday's close. SolarEdge CEO Lando did provide some brighter news Tuesday, forecasting that the European residential solar sector will bottom in the current quarter and improve thereafter. Investors might receive further insight on where the solar market goes from here when residential installers Sunrun and Sunnova report earnings after the bell Wednesday.

Persons: Zvi Lando, Goldman Sachs, Brian Lee, SolarEdge, Vikram Bagri, Bagri, Ronen Faier, Christine Cho, Cho, Enphase, Badri Kothandaraman, Kothandaraman, Lando, — CNBC's Michael Bloom Organizations: Citi, Barclays, CNBC, Investors Locations: Europe, U.S

☆ Enphase CEO says solar industry poised to rebound on falling interest rates and rising utility costs
▼ + stars: | 2024-02-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Enphase Energy sees light at the end of the tunnel this year for the solar market after the industry has taken a beating from high interest rates. High rates have depressed demand for residential solar installations in 2023, leaving companies such as Enphase saddled with too much inventory. Kothandaraman said rising utility rates combined with falling interest rates should also provide tailwinds this year. "Make no mistake, utility rates are going up," Kothandaraman told CNBC in an interview. "The interest rates are not going to be staying the same.

Persons: Badri Kothandaraman, Kothandaraman Organizations: Enphase Energy, CNBC

☆ Stocks making the biggest moves midday: Roblox, Enphase Energy, Snap, Alibaba and more
▼ + stars: | 2024-02-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Adjusted earnings per share for the fourth quarter came in at 54 cents, slightly below the 55 cents expected from analysts polled by FactSet. Yum Brands — The restaurant stock added 3% despite Yum Brands' adjusted earnings and revenue miss for the fourth quarter. Adjusted earnings per share came in at 77 cents, topping the consensus estimate of 62 cents, according to FactSet. The company added about 300,000 net digital-only subscribers quarter over quarter, but advertising revenues came in below the company's guidance. Chipotle Mexican Grill — Shares added 8% a day after the fast-casual restaurant chain reported stronger-than-expected adjusted earnings and revenue.

Persons: Alessandro DiNello, Badri Kothandaraman, Alibaba, Amgen, Chipotle, Sonos, Walt Disney, Walt Disney's, Discovery, Fox, Alex Harring, Brian Evans, Sarah Min, Hakyung Kim Organizations: LSEG, New York Community Bank, Moody's Investors, New, Community, Enphase Energy, FactSet, Revenue, Yum Brands, KFC, Taco Bell, LSEG . Revenue, Leerink Partners, CVS, New York Times, Warner Bros, Discovery, Fox, Walt Disney's ESPN, Walt Disney, Disney, Cirrus Locations: LSEG ., Israel, Alibaba —, FactSet, FactSet .

☆ How $7.75 billion Hopin went from pandemic darling to selling off its flagship business for $50 million and handing back some investor cash
▼ + stars: | 2023-08-10 | by ( Callum Burroughs | Tasmin Lockwood | Michael Cogley | ) www.businessinsider.com time to read: +10 min

Virtual-events startup Hopin was a pandemic winner when it hit a $7.8 billion valuation in 2021. Now its CEO is stepping down, it's selling off parts of its business, and is set to hand back investor cash. But as vaccinations arrived and the travel restrictions eased, demand for Hopin's platform waned. "The pandemic was an extraordinary time to be investing," one London-based tech investor who had not backed Hopin said. Armed with more than $1 billion in investor cash, Boufarhat opted to make acquisitions.

Persons: Johnny Boufarhat, Boufarhat, Andreessen Horowitz, Catalyst, Slack, Hopin, Johnny ", Hopin Boufarhat, outsized, Streamyard, Badri Rajasekar, Klarna Organizations: Tiger, UPS, RingCentral, University of Manchester, Financial Times, Venture, Founders, Microsoft, Private Locations: London, Australia, Lebanese, US, Dubai, Papua New Guinea, Switzerland, Hopin

☆ Opinion: Trump’s hat trick is America’s Rorschach test
▼ + stars: | 2023-08-06 | by ( Jane Carr | Opinion Jane Greenway Carr | ) edition.cnn.com time to read: +15 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. “The ramifications of these charges for Trump and the country are enormous,” wrote legal scholar Michael Gerhardt. A sobering new studyAfrica Studio/Adobe StockA recent study has found that alcohol-related deaths are rising more quickly among American women than among American men. There’s no reason to think that will changeMike Shields: A tectonic shift in GOP voter turnout is underwayA back-to-school questionDenver Public School nurse Jennifer Nelson works at McAuliffe Manual Middle School. Every child deserves a school nurse.”

Persons: Pythagoras, It’s, Tobias Smollett, Peregrine Pickle, who’s, won’t, Donald Trump’s, Jack Smith’s, ”, Michael Gerhardt, “, Trump, ” Clay Jones, John Avlon, Ulysses S, Grant, Black, … Trump, ” George Costanza’s, Eric Klein, Jeremi Suri, ” Klein, Tanya Chutkan, Klein, Suri, Russell J, Levenson, Jr, Julian Zelizer, Dean Obeidallah, Phil Hands, Jon Gabriel, Gabriel, Badri, Paul Kane, punctuating, Aimee Phan, wouldn’t, Phan, Morocco’s Nouhaila, …, I’ve, CNN Opinion’s Kirsi Goldynia, Dr, Catherine Donnelly, Donnelly, Whitney Browne, Alvin Ailey, O’Shae Sibley, Clay Cane, Cane, ” Cane, Jill Filipovic, Filipovic, —, ” Filipovic, Eric Winer, Winer, Don’t, Ralph Tedy Erol, Catherine Russell, Rachel Marshall, Georgia Mark Zandi, Mike Shields, Jennifer Nelson, Hyoung Chang, ’ Organizations: CNN, Trinity, Capitol, Trump, Ku Klux Klan, Klan, Reconstruction, US, GOP, Warner Bros, Agency, Sun, FIFA, Canada, Germany, juggernaut, Department of Nutrition, Food Sciences, University of Vermont, Adobe, Yale Cancer Center, Haitian National Police, Denver Public School, McAuliffe, Middle, Denver Post, National Association of School Nurses, American Academy of Pediatrics, Research Locations: Scottish, Georgia, Michigan, Arizona, United States, Washington ,, Wisconsin, Phoenix , Arizona, xeriscaping, Morocco, Colombia, South Africa, Jamaica, Vietnamese, Philippines, Zealand, Vietnam, States, Thailand, Washington, Brooklyn, America, New York City, Philadelphia, Africa, American, Port, Prince, Haiti

☆ Three African teams have reached the Women’s World Cup knockout stages for the first time ever. Here’s what you need to know
▼ + stars: | 2023-08-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

Yet the tournament’s lowest FIFA world-ranked team (77th) bowed out in style, claiming their first ever Women’s World Cup win with a 3-1 victory over Costa Rica. South AfricaNo team left it as late to qualify from the group stage as South Africa. But Thembi Kgatlana had other ideas, tapping home Hildah Magaia’s pull back to secure South Africa’s first ever Women’s World Cup win and a place in the knockout stages with the flick of a boot. A solid start for a side who arrived at the tournament having conceded more goals at the World Cup than any other team. More history was made as Nouhaila Benzina became the first player to wear a hijab at a senior-level Women’s World Cup, and the defender came close to doubling the lead with a well-struck volley.

Persons: –, Banyana Banyana, Thembi Kgatlana, Kgatlana, Lars Baron, I’ve, ” Kgatlana, Chiamaka Nnadozie, Uchenna Kanu, Osinachi Ohale, Australia’s Alanna Kennedy, Lauren James, Christy Ucheibe, Ucheibe, Isabel Infantes, Striker Ibtissam, Benzina, Anissa, Badri, Paul Kane Organizations: CNN, Qatar, debutants, FIFA, Argentina, South, Getty, Racing Louisville, E, US, Sydney Football Stadium, Super Falcons, Olympic, Canada, Brisbane, Group, England, Denmark, European, Chelsea, Benfica, Germany, South Korea, Atlas Lions, France, Hindmarsh Locations: Nigeria, South Africa, debutants Morocco, Australia, New Zealand, Zambia, Japan, Spain, Costa Rica, Africa, Italy, Sweden, Netherlands, Portugal, Vietnam, Republic, Ireland, Canada, Denmark, England, Morocco, Colombia, Korea, Brisbane, Perth, France, Qatar

☆ Hopin, last valued at $7.8 billion, has sold its flagship virtual events business with founder set to step down as CEO
▼ + stars: | 2023-08-02 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Hopin, last valued at $7.8 billion, said on Wednesday it has sold its virtual events business. Hopin founder Johnny Boufarhat is also set to depart his role as CEO next month. Hopin, one of Europe's fastest-growing startups in history, has sold its main events business for an undisclosed fee, the company announced on Wednesday. But a slowdown in demand for virtual events as the world reopened mixed with a broader downturn in tech has hobbled the company's growth. Now, Hopin said it has sold its main events business – Events and Sessions – to RingCentral, a publically-listed cloud communications provider.

Persons: Hopin, RingCentral, Johnny Boufarhat, Andreessen Horowitz, Badri Rajasekar, Boufarhat, StreamYard Organizations: Tiger Global, Catalyst, Financial Times, Sunday Times Locations: Hopin

☆ Taliban's central-bank governor meets Chinese envoy to discuss banking ties
▼ + stars: | 2023-06-16 | by ( Charlotte Greenfield | ) www.reuters.com time to read: +3 min

REUTERS/Ali Khara/File photoJune 16 (Reuters) - The Taliban's acting governor of the Afghan central bank met China's ambassador this week to discuss banking relations and business, the bank's spokesperson told Reuters on Friday. Afghanistan's banking system has been severely hampered by U.S.-led sanctions, a drop in liquidity from frozen central bank assets and a cut in development spending. Regulatory risk concerns of international banks have also largely cut off the country's formal banking sector from the global financial system. "China has always supported the peaceful reconstruction of Afghanistan, provides sincere help to Afghanistan, and welcomes Afghanistan to join the Belt and Road Initiative," it said. Badri is a senior Taliban figure who became acting head of the central bank in March after stepping down as acting finance minister.

Persons: Mullah Abdul Ghani Baradar, Wang Yu, Ali Khara, Hassibullah Noori, Mullah Hidayatullah Badri, Badri, Charlotte Greenfield, Laurie Chen, Raju Gopalakrishnan, Frances Kerry Organizations: Afghan, REUTERS, U.S, Reuters, Initiative, Thomson Locations: China, Islamic Emirate, Afghanistan, Kabul, Afghan, Beijing, Taliban, Islamabad

☆ Lasers on Artemis II will share high-definition video of the moon
▼ + stars: | 2023-05-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —When the crewed Artemis II mission makes its lunar flyby in late 2024, we’ll be able to see video of the moon like never before — and it’s all thanks to lasers. Along for the historic journey to the moon will be the Orion Artemis II Optical Communications System, or O2O — making Artemis II the first crewed lunar flight to demonstrate laser communications technology. This illustration depicts the Orion Artemis II Optical Communications System sending a laser signal from the Orion spacecraft to Earth. Lasers will be able to send back more data at a quicker rate across longer distances, such as when Orion is flying by the moon during Artemis II. “We are thrilled by the promise laser communications will offer in the coming years,” says Badri Younes, deputy associate administrator and program manager for space communications and navigation at NASA headquarters in a statement.

☆ Stocks making the biggest moves midday: Microsoft, Chipotle, Boeing, First Republic Bank and more
▼ + stars: | 2023-04-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:Microsoft — Shares of tech giant Microsoft gained more than 8% Wednesday after a better-than-expected earnings report a day earlier. The company earned $1.17 per share on $69.79 billion in revenue, while analysts polled by Refinitiv expected it to earn $1.07 per share on revenue of $68.9 billion. The company also announced a $70 billion share buyback. 107230585First Republic — Shares of the regional bank fell more than 20% on Wednesday, extending their steep losses for the week. However, deposits for the first quarter totaled about $28.2 billion, down from $33.9 billion from the fourth quarter of 2022.

☆ Credit Suisse's top picks for March include new addition Microsoft
▼ + stars: | 2023-03-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Credit Suisse refreshed its top stock picks for March, as the market reversed its January rally and began a renewed sell-off. In light of the growing market uncertainty, Credit Suisse highlighted several stocks it thinks can nonetheless outperform in coming months. Credit Suisse also sees strong gains ahead for T-Mobile, with the firm's price target of $175 implying upside of about 24% from Thursday's close. Other stocks on Credit Suisse list include Chipotle Mexican Grill, ServiceNow and Amazon. The company reported stronger-than-expected fourth quarter earnings, and Credit Suisse's 12-month price target on the stock implies upside of 34% from Thursday's close.

☆ How to invest in the ChatGPT-driven AI boom: Credit Suisse shares 6 stocks they're labeling as "top picks" as their exposure to AI development opens them up to new revenue streams
▼ + stars: | 2023-03-05 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Badri's price 12-month price target for shares of Microsoft is $285. The analysts said that growing AI use cases will help Taiwan Semiconductor Manufacturing Company and their high performance computing business, which has already doubled since 2016. Credit Suisse's 12-month price target for the stock is $330, which is upside of 16%. Chou has a price target of NT$1,100 for the stock, meaning 13.5% upside. Both Taiwan Semiconductor Manufacturing Company and Baidu are traded on US exchanges, while Accton and Wiwynn are traded in Taiwan.

☆ Here are Credit Suisse's favorite stocks for February
▼ + stars: | 2023-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Credit Suisse refreshed its "top of the crop" stock picks for February, as the market tries to build on its strong start to the year. Despite the uncertain market backdrop, Credit Suisse highlighted several stocks it thinks can outperform going forward. Credit Suisse has a price target of $27 per share, implying upside of 18.2%. Credit Suisse also sees strong gains for software stock ServiceNow, with the bank's price target of $575 implying upside of more than 20%. Credit Suisse set its target price for shares at $830, implying a 15.2% upside from Tuesday's close.

Bitar told Reuters on Wednesday that Oweidat "had no right" to file the charge or release detainees because Oueidat himself was charged over the explosion. Oweidat told Reuters he had summoned Bitar for questioning but did not say whether he had charged him. Oweidat had earlier recused himself from any involvement in the blast probe as Bitar had issued an arrest warrant for his brother-in-law, former public works minister Ghazi Zeaiter. "Instead of me appearing before him, he'll be appearing before me," Oweidat told Reuters by text message. He met with French investigators visiting Beirut last week as part of a French probe into the explosion, whose victims included two French nationals.

☆ Sister of Iran’s Supreme Leader Calls for Overthrow of His ‘Despotic Caliphate’
▼ + stars: | 2022-12-07 | by ( Sune Engel Rasmussen | ) www.wsj.com time to read: 1 min

A sister of Iranian Supreme Leader Ali Khamenei said she had cut ties with her brother, calling him a despotic caliph who ignored the voice of Iranians, a sign that people near the top echelons of the system are growing bolder in expressing opposition to the clerical leadership. The sister, Badri Hosseini Khamenei , also called on security forces to lay down arms and join the protesters demanding an ouster of the country’s Islamic leadership.

☆ Sister of Iran's leader condemns his rule, urges Guards to disarm - letter
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +3 min

[1/3] Iran's Supreme Leader Ayatollah Ali Khamenei speaks during a meeting with a group of students in Tehran, Iran November 2, 2022. Badri Hosseini Khamenei, who lives in Iran and is the sister of Ayatollah Khamenei, criticised the clerical establishment starting from the time of the Islamic Republic's late founder Ayatollah Ruhollah Khomeini to her brother's rule, the letter, dated "December 2022", said. "Ali Khamenei's Revolutionary Guards and mercenaries should lay down their weapons as soon as possible and join the people before it is too late," the letter said. The Revolutionary Guards are Iran's elite force which has helped the country's establish proxies across the Middle East, and runs a vast business empire. President Ebrahim Raisi meanwhile gave a speech at the University of Tehran to mark Student Day.

☆ South Africa's new ground station to help NASA track space flights
▼ + stars: | 2022-11-08 | by ( Wendell Roelf | ) www.reuters.com time to read: +2 min

MATJIESFONTEIN, South Africa Nov 8 (Reuters) - A new deep-space ground station being built in South Africa's semi-desert Karoo region will come online by 2025 to help track history-making NASA missions to the moon and beyond, space agency officials said Tuesday. The South African National Space Agency (SANSA) will establish, operate and maintain the station. South Africa has committed an initial 70 million rand ($3.93 million) to build the infrastructure and communications needed to ready the site, part of the government's investment in building its space infrastructure and research base. "NASA would not come to South Africa if they didn't feel that we have capacities to do the work in partnership with them," said Phil Mjwara, director general at South Africa's department of science and innovation. ($1 = 17.8206 rand)Reporting by Wendell Roelf; Editing by Olivia Kumwenda-Mtambo and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

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