Pampa Energía S.A. (NYSE:PAM) is seeking investors for a potential data center near its Loma de la Lata power plant in Patagonia. Investors favor a 20-to-40-MW pilot, with potential electricity demand reaching up to 500 MW after expansion. Electrical infrastructure for the full concept could cost almost $900 million, according to a September 7 Reuters report.
The Reuters report did not identify an anchor customer, committed financing, or a final investment decision. The electrical estimate does not establish the total development budget or the amount Pampa Energía S.A. (NYSE:PAM) would invest. Those distinctions matter when ****** sing the potential shareholder return.
Pampa Energía S.A. (NYSE:PAM) could turn proximity to generation and gas resources into a commercial advantage. Locating computing demand beside an energy complex offers a starting point for coordinating fuel supply, power delivery, and future expansion.
The attraction for shareholders would be dependable electricity sales under contracts that compensate Pampa Energía S.A. (NYSE:PAM) for the infrastructure and operating risks it ****** umes. A customer with strong credit and a long-term commitment could improve revenue visibility and support financing.
Pampa Energía S.A. (NYSE:PAM) is quoting energy prices to interested parties and aims to reach initial agreements by the end of 2026, according to Reuters. That provides a near-term commercial milestone.

#Potential #electrical #power

On September 2, Michael Genovese from Rosenblatt Securities reiterated his Neutral rating for Credo Technology Group Holding Ltd (NASDAQ:CRDO). The **** yst increased his price target for the stock from $215 to $235, which implies upside potential of almost 38% as of September 4 closing. Genovese's upward adjustment in price target in based on the company's recently announced Q1 FY27 results, leading him to increase his projections for FY27 and FY28. Despite that, he has a Neutral stance because he still wants more visibility around the company's ZeroFlap Optical Transceivers proof points, as well as the incremental revenues from its acquisition of Dust Photonics in May.
Photo by Yogesh Phuyal on Unsplash
Credo's acquisition of DustPhotonics gives it a vertically integrated connectivity stack covering DSP, silicon photonics, SerDes and system integration. This allows the company to tap into both optical and electrical interconnects across the entire AI infrastructure buildout. Together with its optical DSPs and ZeroFlap transceivers, the deal is expected to be a key growth driver in FY27, supported by resilient hyperscale customer sentiment.
Following the DustPhotonics transaction, Credo reported a strong first quarter for FY27. Topline of $479 million jumped 115% compared to Q1 in FY26. Adjusted non-GAAP net income of $236.3 million was up 140% year-over-year, as the company broadens its connectivity portfolio stack. It now spans copper and optical solutions, ranging from millimeters to kilometers, which enables Credo to meet the scaling needs of AI infrastructure with energy-efficient and reliable products.
For FY27, Credo expects a strong inflection with optical revenues expected to exceed $600 million. Management projects contributions over $100 million each from silicon photonics, ZeroFlap optics, and optical DSPs. Full-year revenue growth is expected to be over 85% year-over-year. Adjusted gross margins are likely to remain consistent with fiscal 2026 levels, along with adjusted net margins of around 50%.

#expected

Ford Motor Company (NYSE: F) stock soared nearly 50% in May, as Wall Street began seeing the legacy automotive company as a hidden-gem infrastructure play as the demand for artificial intelligence (AI) and data center energy explodes. The stock has since given back about half of its May surge, and that gives investors who see long-term growth an opportunity to jump back in at a better price.
Here's why investors should be intrigued.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In May, the Detroit automaker announced its wholly owned subsidiary, called Ford Energy, which will develop and offer a battery energy storage system (BESS) for utility customers, AI data centers, and other large industrial and commercial customers. Savvy investors may have seen this coming, but for the most part, Ford built the new business behind the scenes, securing supply chains and preparing manufacturing. Ford Energy will manufacture battery cells, **** emble modules and containers, and offer sales and service support, which could be the lucrative part. That's because the automaker's Ford Energy DC block was designed to have a stable and predictable lifetime performance for about two decades.
To help connect the dots for investors wondering, AI data centers run intense workloads that put immense strain on the electrical grid. Ford's BESS give AI data centers security in the event of electrical grid fluctuations or blackouts, as the centers need an uninterrupted power supply. The systems will also provide power during AI workload spikes, charge when electricity is cheap, and discharge when prices peak, ultimately lowering costs and providing downtime protection.

#bess

Stanley Black & Decker, Inc. (NYSE:SWK) entered into a definitive agreement to sell Excel Industries to Bad Boy Mowers. Excel Industries, which includes the Hustler Turf Equipment brand, is expected to generate approximately $300 million of fiscal 2026 revenue.
The purchase price and expected proceeds were not disclosed. The transaction remains subject to regulatory approval and customary closing conditions. Until closing, Excel Industries will remain in continuing operations and will not be classified as a discontinued operation.
Stanley Black & Decker, Inc. (NYSE:SWK) does not expect the transaction to dilute adjusted EPS. Adjusted EPS is a company-defined non-GAAP measure calculated as diluted GAAP EPS excluding certain gains and charges, including divestiture-related items, restructuring, footprint actions, and gains or losses on business sales.
The sale advances the portfolio-simplification strategy of Stanley Black & Decker, Inc. (NYSE:SWK). Divesting a specialized turf-equipment platform could reduce complexity and concentrate investment on larger brands and markets.
Stanley Black & Decker, Inc. (NYSE:SWK) plans to continue investing in its Outdoor business, including electrical products and high-performance residential ride-on and zero-turn mowers. The remaining portfolio includes DEWALT, CRAFTSMAN, Cub Cadet, Troy-Bilt and BLACK+DECKER, providing established platforms for outdoor growth.

#black #industries

Bloom Energy (NYSE: BE), a developer of solid oxide fuel cells (SOFCs), has been one of the market's hottest growth stocks. Its shares surged more than 2,500% over the past two years, while its backlog swelled to $20 billion at the end of 2025. That's ten times the $2.0 billion in revenue it generated in 2025. ******* ysts expect its revenue to more than double to $4.1 billion this year, then grow 65% to $6.8 billion in 2027 and 46% to $9.9 billion in 2028.
That growth trajectory is impressive, but the recent introduction of its Power Connect system -- which could reduce its on-site installation time by more than 40% -- could help it exceed those bullish estimates. Let's see why this upgrade could matter more than the size of its backlog.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Bloom's SOFCs can convert natural gas, biogas, propane, and hydrogen into electricity without any combustion. Its systems can also be deployed on-site in less than three months and bypass traditional electrical grids, which can require years to set up new connections.
Those advantages make SOFC systems a popular choice for data centers seeking to quickly expand their cloud and AI infrastructure while maintaining a smaller carbon footprint. Oracle, CoreWeave, Nebius, Equinix, and other data center giants already use its SOFC systems. Brookfield ******* et Management (NYSE: BAM), one of the world's largest ******* et managers, funds Bloom's development and deployment of those SOFC systems via a $25 billion partnership.

#systems #signal #years #sofcs

Credo Technology Group Holding Ltd (NASDAQ:CRDO) reported fiscal first-quarter 2027 revenue of $479.0 million, up 9.6% sequentially. Management said the company's connectivity portfolio now spans copper and optical products, while total revenue increased 114.7% year over year. GAAP gross margin fell to 64.5% from 68.2% in the preceding quarter and 67.4% one year earlier.
GAAP operating expenses increased to $188.4 million from $142.2 million sequentially, while GAAP operating income declined to $120.7 million from $155.8 million. Credo Technology Group Holding Ltd (NASDAQ:CRDO) nevertheless expects another quarter of growth, guiding fiscal second-quarter revenue to $525 million to $535 million. The $530 million midpoint implies approximately 10.6% sequential expansion.
The question is whether revenue growth and the broader AI connectivity portfolio can offset acquisition-related costs and rising operating expenses.
Revenue scale remains the central strength. Credo Technology Group Holding Ltd (NASDAQ:CRDO) offers active electrical cables, optical transceivers, digital signal processors, silicon-photonics components, retimers, and chip-to-chip connectivity. These products address connections spanning short distances inside AI systems through longer links across clusters.
Absolute GAAP gross profit still increased to $309.1 million from $298.1 million sequentially despite the lower margin. Credo Technology Group Holding Ltd (NASDAQ:CRDO) ended the quarter with $764.3 million in cash and short-term investments, down from approximately $1.44 billion following completion of the DustPhotonics acquisition during the quarter. The remaining liquidity supports research, product development, and capacity requirements.

#crdo

On August 21, Kurt Yinger from DA Davidson initiated his coverage of Everus Construction Group Inc. (NYSE:ECG) with a $168 target price and an upside potential of more than 43%, as of September 4 closing. The **** yst **** igned a Buy rating to the stock based on a highly compelling story that revolves around recent accretive acquisitions, expanding profit margins, lucrative project backlog, and strong order bookings. Kurt anticipated the $295 million Epsilon acquisition to bolster the existing forecasts. Let's explore what fuels this bullish narrative around this specialty contractor.
youssef-abdelwahab-qyzo7TDSVQs-unsplash
Everus finalized its $295 million cash acquisition of Epsilon Industries on September 1. Epsilon is an established designer and manufacturer of mechanical and electrical building infrastructure systems. The transaction was financed using a mix of cash on hand and borrowings under the company's existing credit facilities.
The deal expands Everus' prefabrication and modular construction capabilities, enabling it to cater to high-demand sectors through custom fabrication, design-assist and turnkey installation solutions. These sectors include data centers, advanced manufacturing, and healthcare. Epsilon's numerous strategic centers in the U.S. and Canada will contribute to Everus' nationwide distribution network and augment its current geographic presence within priority growth markets.
By integrating Epsilon's workforce and technical expertise, Everus is well-positioned to meet the increased customer demand, penetrate key end-markets and capitalize on favorable industry trends. With this the company will ultimately reinforce its competitive edge and long-term growth trajectory within the construction sector.

#everus

On September 1, Everus Construction Group (NYSE:ECG) completed a $295 million cash acquisition of Epsilon Industries, a maker of prefabricated mechanical and electrical systems with plants scattered across the US and Canada. Everus first disclosed the deal on July 31, and the closing lands only a month after the company posted a quarter in which revenue jumped by more than a third. Epsilon's off-site fabrication lines give Everus a faster way to build the data centers, factories, and hospitals reshaping its backlog.
Everus grew into this deal from a position of strength. Second quarter revenue climbed 33.7% to $1.23 billion, and diluted earnings per share rose 59.2% to $1.64, numbers that reflect more than accounting leverage. Backlog reached $4.55 billion, up 41% from the end of 2025 and up 52.8% from a year earlier, driven largely by the electrical and mechanical segment, where revenue rose 41.6%, and EBITDA jumped 71.6%. That segment's backlog alone hit $4.16 billion, fueled by project bookings that topped $2 billion in the quarter across data center, hospitality, and high-tech work.
Epsilon slots directly into that momentum. Its modular capabilities are meant to extend Everus's geographic reach and deepen its footprint in advanced manufacturing, healthcare, and data center work, the same markets already driving backlog higher. Keeping Epsilon's president, Chris Wiederick, and its existing leadership in place suggests Everus wants continuity rather than a disruptive overhaul. Management raised full-year guidance to $4.5 billion to $4.7 billion in revenue and $410 million to $425 million in EBITDA even before folding in Epsilon's contribution, which it plans to detail during third-quarter earnings.
The growth comes with strings attached. Everus paid for Epsilon with cash on hand plus new borrowings under its credit facilities, its second acquisition this year after buying SE&M Constructors in the second quarter. Running two integrations at once raises the odds that something slips, whether in cost synergies or in the customer relationships that made both targets attractive in the first place. Net leverage stood at a modest 0.3x as of June 30, but that figure predates the Epsilon borrowings, so the real post-deal leverage is not yet known.
Not every part of the business is firing evenly, either. Transmission and distribution revenue grew only 7.1% in the quarter, and its backlog of $388.4 million actually sat below the $410.1 million reported a year earlier, even as the electrical and mechanical segment surged. That leaves Everus increasingly dependent on data center and commercial construction spending staying strong, a concentration that could cut the other way if that end market cools. And with the full financial impact of Epsilon not landing in guidance until third quarter results, investors are being asked to price in a deal whose numbers are still incomplete.

#billion #million #year

Wallingford, Connecticut-based Amphenol Corporation (APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States and internationally. The company has a market cap of $197.4 billion and operates through three segments: Communications Solutions, Harsh Environment Solutions, and Interconnect and Sensor Systems.
Companies with a market cap of $10 billion or more are typically referred to as "large-cap stocks." APH fits squarely into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the electric components industry.
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#billion #corporation

It's no secret AI giants are racing against each other to build data centers across the country. With the AI boom skyrocketing in the 2020s, the U.S. has grown to nearly 5,000 data centers across all 50 states to date, with hyperscalers driving much of that expansion. But with that growth comes tax incentives that seem to scale further than market competition.
According to a report from JLL, a commercial real estate and investment management company, the global data center sector will likely expand at a 14% compound annual growth rate through 2030—and it notes "hyperscalers will remain a key driver of sector growth." And with that growth comes significant savings for the hyperscalers: nearly three-quarters of all states employ tax incentives for data center development—which include exemptions from sales and use tax, property tax and "financial transactions" tax.
The eligibility of these exemptions differ state by state, however. Some states like Texas require a substantial—at least $200 million—capital investment in the data center project, others such as Maine require a certain amount of square footage to be eligible, and a few states also require employment metrics to be met. Certain states, like New York, have no minimum investment requirement—and to sweeten the deal further, the tax exemptions are applicable for a wide range of data center expenditures.
Such measures are evident in the New York Department of Taxation and Finance structure, for example, in which data center tax incentive eligibility covers property, services, equipment and contracts. The incentives for the data centers themselves lie in the inherent replacement cycle required for upgrades and system life.
Capital expenditures like electrical systems, batteries and structures have usable lives in excess of 20 years—but other types of equipment such as cloud computing operations often have lives of as short as three years due to the high strain of AI computing. Based on the nature of equipment churn, the Tax Foundation found that a $5 billion data center could "easily spend more than a billion dollars a year on machinery and equipment," making sales taxation a "significant" consideration when choosing development.

#center

Riverwater Partners, an investment management company, released its 'Small Cap Strategy' Q2 2026 investor letter. The letter can be downloaded here. The Small Cap Strategy underperformed the Russell 2000 in the second quarter as the benchmark experienced one of its strongest risk-on rallies in recent memory, although the strategy remained ahead year-to-date. The quarter was defined by accelerating AI investment, energy market disruptions, and renewed investor appetite for higher-beta stocks, creating headwinds for the firm's quality-focused approach and healthcare positioning. Despite this, stock selection contributed positively in energy, materials, and financials, while healthcare and consumer discretionary detracted due to the fund's disciplined avoidance of speculative businesses. Looking ahead, the firm remains cautiously optimistic, focusing on opportunities created by market dislocations, including AI infrastructure enablers, select consumer companies, healthcare innovators, and energy businesses trading below intrinsic value. The strategy continues to emphasize high-quality companies with strong management teams and attractive valuations, positioning the portfolio for a potential rotation away from speculative market leadership. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Riverwater Partners Small Cap Strategy highlighted PDF Solutions, Inc. (NASDAQ:PDFS). PDF Solutions, Inc. (NASDAQ:PDFS) provides proprietary software, physical intellectual property for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services. On August 28, 2026, PDF Solutions, Inc. (NASDAQ:PDFS) closed at $44.81 per share. One-month return of PDF Solutions, Inc. (NASDAQ:PDFS) was -7.31% and its shares gained 117.56% over the past 52 weeks. PDF Solutions, Inc. (NASDAQ:PDFS) has a market capitalization of $1.89 billion.
Riverwater Partners Small Cap Strategy stated the following regarding PDF Solutions, Inc. (NASDAQ:PDFS) in its Q2 2026 investor letter:
"PDF Solutions, a provider of yield ***** ytics and data software for semiconductor manufacturers, returned approximately 52% in the quarter. During May, long-time strategic holder Advantest exited its entire 8% stake through an upsized secondary offering, with PDF selling additional shares alongside to fund general corporate purposes and potential debt reduction. We interpreted the heavily oversubscribed deal as a sign of management taking control of its own destiny, and we used the offering-related weakness to add a full percentage point to the position, funded by a sale of Veeco (VECO) to keep our overall semiconductor exposure in check. Late in the quarter we trimmed a portion of the position after the sharp run, consistent with our practice of harvesting gains in extended semiconductor names..." (Click here to read the full text)

#solutions #quarter #investor #lette

The race to build the infrastructure behind artificial intelligence is creating a new boom for America's blue-collar workforce, as construction firms scramble to fill jobs building data centers, power systems and the facilities that keep the technology running.
The rapid buildout is putting a new premium on skilled trades, with data centers requiring armies of workers to prepare sites, pour concrete, install electrical systems and handle the infrastructure needed to bring them online.
"For many years, there's been a lack of focus just in general from what is the benefit of a career in the trades," explained Cole Renken, general manager of Merlo America, the U.S. division of Italian construction equipment manufacturer Merlo Group.
"It's a very stable income, very stable lifestyle that you can provide for," he added.
One Of America's Oldest Manufacturers Says Ai Is Creating Jobs — Not Replacing Them

#Jobs #construction #systems #trades

Technology company Oracle (NYSE: ORCL) builds the core underlying enterprise technology, including software, cloud, and hardware, that large corporations, banks, healthcare providers, and governments use to run their daily operations.
As Oracle expands its cloud and artificial intelligence (AI) infrastructure, Bloom Energy (NYSE: BE) has emerged as its single largest specialized power partner, securing a massive deal in April to supply up to 2.8 gigawatts (GW) of on-site fuel cell electricity.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Because public electrical grids take years to approve and connect massive industrial loads, Oracle relies on a mix of traditional utility grids, clean energy developers, and fast-deploying, on-site solutions, but Bloom is the largest part of that mix, especially because its fuel cells can generate electricity with minimal emissions.
Under a master services agreement, Oracle contracted for an initial 1.2 GW of solid oxide fuel cell capacity, which scaled up to 2.8 GW. Because Bloom's natural gas-fueled power servers can be installed directly on-site in as little as 55 to 90 days, they allow Oracle to bypass standard grid queue bottlenecks.

#NVIDIA #signal #fuel

Kimi Antonelli is going to start the Italian Grand Prix from somewhere near the back of the grid, and Mercedes chose that outcome on purpose.
Team boss Toto Wolff confirmed after the Dutch Grand Prix that the championship leader will take a fresh power unit at his home race in Monza, triggering a grid penalty that could push him to the back row depending on how many components get swapped. It's a deliberate hit to a driver sitting on one of the healthier points cushions in recent memory, and it hands a very specific kind of opportunity to Ferrari's Lewis Hamilton and Charles Leclerc heading into the one weekend of the year built for making up ground through raw speed rather than clever strategy.
Under F1's power unit rules, teams get a fixed allocation of components for the season, and going even one over that limit on a single part triggers an automatic grid penalty the next time it's used. Antonelli's retirement in Barcelona earlier this year, an electrical failure that erased a big chunk of his points lead in one afternoon, is why Mercedes decided a scheduled penalty beats another unscheduled DNF. Wolff didn't dress it up when he explained the choice: "With Kimi, we're taking the full thing. Our calculations say that that's the best track to take it. Obviously, algorithms don't take their nationality into consideration. We're here to fight for a championship and not get the most PR."
Monza's reputation as the easiest track on the calendar to recover lost ground is part of that math. Pierre Gasly won there from tenth in 2020, Daniel Ricciardo won from a midfield slot the following year, and Max Verstappen took victory in 2022 after starting five places back. We covered just how thin these allocations have gotten across the grid after the Belgian Grand Prix, when a single weekend produced a 30-place penalty for Isack Hadjar and 10-place drops apiece for Lando Norris, Lance Stroll and Carlos Sainz, all for the same rule Antonelli is about to run into at Monza.
Recovering from the back isn't quite the free pass it used to be, though. DRS is gone under the 2026 regulations, replaced by a manual override system that only unlocks within a fixed distance of the car ahead and draws from a battery that's already stretched thin at a circuit with almost no meaningful braking to recharge it. Monza asks cars to scavenge energy at full throttle instead of under braking, which is a very different proposition for a driver trying to slice through traffic than it was in the DRS era. Antonelli might still make Monza look easy. He just won't have quite the same tools to do it with.

#prix #back #penalty #take

Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Achieved quarterly revenue of approximately $2.01 billion, with fiber-to-the-home programs increasing nearly 60% in the first half of the year compared to the prior year. and significant contributions from the Building Systems segment.
Secured over $1 billion in contracted backlog for long-haul and data center interconnects, validating the company's early entry into the $20 billion addressable fiber corridor market.
Building Systems segment delivered exceptional margins of 24.5%, benefiting from favorable cost estimate changes and strong demand for data center electrical and structured cabling.
Communications segment margins faced pressure from intentional investments in workforce benefits and training to secure the skilled labor required for complex multi-year builds.

#billion #segment #data #center

Greenlight Capital is an investment management firm specializing in value-oriented strategies. The letter can be downloaded here. Greenlight Capital released its second-quarter 2026 investor letter, reporting a 4.3% decline for the Partnerships and a 1.9% year-to-date gain, net of fees and expenses, compared with gains of 15.2% and 10.2% for the S&P 500 Index. The funds entered the quarter conservatively, but costly trading decisions and macro positions, particularly in gold and U.S. interest rates, weighed on results. Long positions contributed roughly 9%, offset by similar losses from shorts. The letter also highlighted concerns over speculative market conditions, using ******* eX's $1.75 trillion IPO valuation and investment-grade rating as examples of excess. Looking ahead, Greenlight is more constructive on Fed Chairman Kevin Warsh's inflation stance and expects positions to recover if inflation moderates and rates remain unchanged. Additionally, reviewing the Strategy's top holdings could help identify its best ideas for 2026.
In its second-quarter 2026 investor letter, Greenlight Capital highlighted Versigent PLC (NYSE:VGNT). Versigent PLC (NYSE:VGNT) is an automotive wire harnesses distributor that designs, manufactures, and distributes low- and high-voltage power electrical architectures. On August 26, 2026, Versigent PLC (NYSE:VGNT) closed at $47.36 per share. Over the past month, Versigent PLC (NYSE:VGNT) returned 15.35%, and its shares have gained 9.07% over the past 3 months. Versigent PLC (NYSE:VGNT) has a market capitalization of $3.49 billion, and its stock has traded within a 52-week range of $26.34 to $50.89.
Greenlight Capital stated the following regarding Versigent PLC (NYSE:VGNT) in its Q2 2026 investor letter:
"Versigent PLC (NYSE:VGNT) is a leading supplier of automotive wire harnesses that recently spun out of Aptiv (APTV). Although the business was viewed as a lower-growth, lower-margin part of APTV's portfolio, we believe VGNT is a high-quality supplier. Its business should benefit from the shift toward hybrid and battery-electric vehicles, which require significantly more of the company's products than internal combustion engine (ICE) vehicles. VGNT also has a durable customer base, as its products are deeply embedded in customers' platform design and engineering. Post-spin, management has opportunities to improve margins through automation while further diversifying the business in commercial vehicles and non-automotive applications. By the end of 2028, VGNT is targeting $1 billion of ******* ulative free cash flow, or approximately one-third of its current market capitalization, with the majority expected to be returned to shareholders through buybacks. We acquired our shares at an average price of $29.20, or approximately 4x this year's expected earnings. VGNT ended the quarter at $42.01."

#quarter #market

Sandhill Investment Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. The letter highlighted a strong second quarter for equity markets, with the S&P 500 up about 15% and projected earnings growth at the fastest rate in five years. Despite challenges like tensions with Iran and lower oil prices, the semiconductor sector and AI advancements drove significant stock price increases. In fixed income, rising yields have made corporate bonds appealing, offering over 5% returns. However, consumer sentiment is waning, and the savings rate is at a six-decade low, raising caution about the economy. Investment trends suggest that while overall market valuations are high, quality businesses present selective opportunities for long-term gains amidst short-term volatility. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, Sandhill Investment Management highlighted Forgent Power Solutions, Inc. (NYSE:FPS) as a new holdings. Forgent Power Solutions, Inc. (NYSE:FPS) is a leading industrial company that designs and manufactures electrical distribution equipment used in data centers, the power grid, and energy-intensive industrial facilities. On August 26, 2026, Forgent Power Solutions, Inc. (NYSE:FPS) closed at $32.21 per share, reflecting a market capitalization of $9.80 billion. Forgent Power Solutions, Inc. (NYSE:FPS) posted a one-month return of -3.22%.
Sandhill Investment Management stated the following regarding Forgent Power Solutions, Inc. (NYSE:FPS) in its Q2 2026 investor letter:
"Despite the elevated broad market valuation and the caution related to the consumer, quality businesses are being valued more cheaply than they have been in a long time, and we are putting capital to work. We remain selective, but individual businesses are presenting compelling value.
We also initiated a position in Forgent Power Solutions, Inc. (NYSE:FPS), a newly public manufacturer of electrical distribution equipment, including transformers, switchgear and prefabricated power systems for data centers and the broader electric grid. As AI infrastructure spending accelerates, power equipment has become a critical constraint on new data center capacity. Forgent's ability to provide an integrated range of electrical products positions it well as customers seek faster and more coordinated solutions. Forgent, by contrast, is a newly public company that remains less widely followed despite strong long-term growth prospects and a valuation that leaves room for upside."

#power #NYSE #letter #company

Eiffage has secured contracts worth a combined €132m ($153.9m) for two hospital projects in France, via its subsidiaries Eiffage Énergie Systèmes and Eiffage Construction.
The bulk of the total, close to €109m, covers the first phase of the Convergences project at Angers University Hospital, where a new medical-technical platform is planned.
Eiffage Construction will handle the main structural works, the building envelope and finishing works under the macro-works package.
Eiffage Énergie Systèmes takes the ventilation and electrical packages, covering power and low-voltage systems.
The Angers building will span 38,400m² over five storeys and house emergency services, operating theatres, imaging and adult critical care units.

#hospital #nergie #france

NEW YORK (AP) — In the opening scene of American writer Kim Stanley Robinson's "The Ministry for the Future," a heat wave combined with a breakdown of the electrical grid in India kills 20 million people. The devastation causes the world's nations to unite to combat climate change.
Scientists have long warned that the world will experience more intense extreme weather events like heat waves, storms, floods and droughts. But what once seemed like the realm of fiction is now discussed as a possibility, even an inevitability.
Warning about an "extreme of extremes" or the "Other Big One," a play off the California reference of a big future earthquake, can be fraught. After all, ***** ody can say for sure when a weather catastrophe may happen. But in the last few years, the planetary ingredients needed for a massive disturbance have been building. And alarm is growing.
"The risk is that people just think you are exaggerating," said Daniel Swain, a climate scientist with the California Institute for Water Resources. "It's the 'Boy Who Cried Wolf' problem. Sometimes wolves are real. If it's outside the door, wouldn't you want to know?"
In the 1850s, while living in Seneca Falls, New York, amateur scientist Eunice Newton Foote did a series of experiments that put different substances, including carbon dioxide and moist air, inside glass cylinders and left them in the sun. What she found was extraordinary: cylinders with carbon dioxide, a greenhouse gas that is released when coal, gas or oil is burned, heated up faster and took longer to cool after the sun went down.

#york #future #people #extreme

Nucor, Steel Dynamics, Cleveland-Cliffs and Century Aluminum are likely winners from U.S.-Canada trade talks breaking down. All four stocks were higher early Monday after tumbling last week on the prospect of a Canada trade deal that would lower U.S. tariffs on steel and aluminum.
New 50% tariffs on $20 billion worth of Canadian goods, including liquor, electrical equipment and hockey gear, took effect on Saturday. Prime Minister Mark Carney vowed to retaliate "dollar for dollar," with its retaliatory tariffs starting Sept. 8 U.S. officials have threatened further escalation if that happens.
Earlier in the week, a trade deal seemed likely, with President Donald Trump late Tuesday postponing the new Canada tariffs, hours before they were set to kick in.
The U.S. and Canada seemed poised to reach a deal that would cut existing 50% tariffs on Canadian steel and aluminum to 25%, though steel imports would face limits. The U.S. also reportedly would cut duties on Canadian autos to 15% and scrap a 10% lumber tariffs.
The prospective of lower tariffs slammed U.S. steel stocks. Nucor (NUE) fell 5.85% on Wednesday and 9.4% for the week, tumbling from near a buy point to below its 50-day moving average. Steel Dynamics (STLD) dived 7.5% on Wednesday and 10.6% for the week, even with Friday's 4.4% bounce. STLD stock is now far below its 50-day line. Cleveland-Cliffs (CLF) sank 6% on Wednesday and 5.3% for the week, regaining its 50-day line on Friday.

#week

Melissa Gilbert has penned an essay encouraging better mental health protection and safety for child performers.
Follow the deaths of child stars Hayden Panettiere, Daveigh Chase and Michelle Trachtenberg, the Little House on the Prairie star demanded that child actors access better support as they transition into young adults.
"I did not know Hayden personally and only worked briefly with Mishy and Daveigh. It feels personal because I was them," Gilbert wrote in the new Substack essay. She also listed other female child actors including Drew Barrymore, Jodie Foster and the Fanning sisters.
"We are all members of the same tribe; Female Former Child Performers, and when one of us dies, it runs through all of us like an electrical current," Gilbert added "When three of us die so close together, something is very, very wrong."
Gilbert wrote that she felt like the trend of the entertainment industry exploiting children before discarding them is "getting worse" and that she herself was "nearly worked to death a few times."

#hayden #performers #essay

Nucor, Steel Dynamics, Cleveland-Cliffs and Century Aluminum could be winners from U.S.-Canada trade talks breaking down. Last week those stocks tumbled on the prospect of a Canada trade deal that would lower U.S. tariffs on steel and aluminum.
New 50% tariffs on a $20 billion worth of Canadian goods, including liquor, electrical equipment and hockey gear, took effect on Saturday. Prime Minister Mark Carney has vowed to retaliate "dollar for dollar." U.S. officials threatened further escalation if that happens.
Earlier in the week, a trade deal seemed likely, with President Donald Trump late Tuesday postponing the new Canada tariffs, hours before they were set to kick in.
The U.S. and Canada seemed poised to reach a deal that would cut existing 50% tariffs on Canadian steel and aluminum to 25%, though steel imports would face limits. The U.S. also reportedly would cut duties on Canadian autos to 15% and scrap a 10% lumber tariffs.
The prospective of lower tariffs slammed U.S. steel stocks. Nucor (NUE) fell 5.85% on Wednesday and 9.4% for the week, tumbling from a near a buy point to below its 50-day moving average. Steel Dynamics (STLD) dived 7.5% on Wednesday and 10.6% for the week, even with Friday's 4.4% bounce. STLD stock is now far below its 50-day line. Cleveland-Cliffs (CLF) sank 6% on Wednesday and 5.3% for the week, regaining its 50-day line on Friday.

#tariffs #week #canadian #trade

Melissa Gilbert sent an emotional call to action regarding child actresses after Hayden Panettiere's death.
On Saturday, August 22, the former Little House on the Prairie child actress posted a lengthy Substack update addressing the deaths of Panettiere at 36 in August 2026, Michelle Trachtenberg at 39 in February 2025, and Daveigh Chase at 35 in June 2026.
"How is it possible that no one in the mainstream media has picked up on this?" Gilbert, 62, began her post. "… Three former female child actors of the same generation are gone. Tragically, heartbreakingly, agonizingly too soon."
She continued, "They are gone, and the question I have been turning over and over in my head is, 'WHY?' Why are these three sweet, wildly talented, vibrant, vital young women gone? And why does this all feel so personal to me? I did not know Hayden personally and only worked briefly with Mishy and Daveigh. It feels personal because I was them. As were Tatum, Kristy, Brooke, Patty, Anyssa, Dakota, Elle, Shirley, Britney, Jodie, Drew, and my sister, Sara, to name a few."
Gilbert called the women "members of the same tribe," declaring, "When one of us dies, it runs through all of us like an electrical current. When three of us die so close together, something is very, very wrong."

#child

BEIJING, Aug 21 (Reuters) - Tesla will roll out software fixes for ‌millions of vehicles in China, ‌the country's market regulator said on Monday, marking the automaker's largest-ever recall in the market.
Effective September 25, Tesla will recall 2.98 million China-made and ‌imported Model 3, ⁠Model Y, Model S and Model X vehicles because ⁠emergency door release handles may be difficult to identify, potentially hindering escape or rescue after a severe crash ‌and electrical system failure. The remedy includes warning labels and an over-the-air (OTA) update that lowers windows after a collision.
Separately, Tesla is immediately recalling ‌2.74 million China-made Model 3 and Model Y vehicles for an OTA software update ‌to enhance driver-attention monitoring while ******* isted steering and other driver-assistance functions are engaged, reducing the risk of ‌collisions if drivers fail to respond promptly.
(Reporting by Beijing newsroom; Editing by Joe Bavier)
The supertruck arms race is getting petty in the best way possible. With Ram resurrecting the supercharged 777-horsepower TRX SRT and aggressively pushing its 540-hp inline-six Ram 1500 RHO, Ford is making a aggressive move to protect its territory. For the 2027 model year, The Blue Oval has slashed $4,010 off the standard F-150 Raptor's entry sticker, bringing the delivered base price down to $77,790.

#vehicles #beijing #made

On the hottest of summer days, a natural gas "peaker" usually kicks in to support the wave of air conditioning units turning on at once. It's the electrical grid's lifesaver, a turbine built only for the highest-demand hours of the year, and also one of the most expensive to run. It's what made 7 p.m. electricity so expensive in different parts of the U.S in the first place.
But a shift is taking place. California and Texas are now turning to batteries to power their grids. Power units that were typically used simply to store energy are now being deployed as power sources themselves. California's grid operator has at least 13,000 megawatts of battery capacity, enough to serve several million homes through evening peak hours, and Texas' batteries already power up to 10% of the state's grid at peak.
Electricity customers see the benefits. When batteries set the marginal price instead of gas turbines that cost two to three times as much to run, wholesale power gets cheaper during the hours it used to be most expensive. Gas peakers that already sat idle for more than 86% of the year will eventually lose the few remaining hours that kept them viable, and utilities will likely choose batteries over new gas plants long term.
Unlike gas turbines, batteries don't generate electricity on their own. They move it from the hours when it's cheapest to the hours when it's most valuable. Solar panels flood the grid with power in the middle of the day, pushing wholesale prices close to zero and sometimes below it. Batteries absorb that cheap surplus. When the sun sets and demand surges past what the remaining generation can deliver, they discharge into the gap that gas peakers once filled, offering to do it at a lower price.
In California, the cycle has run at a scale large enough to reshape the wholesale market. In 2024, across the California Independent System Operator's territory, batteries provided an average of 8.6% of all electricity consumed during the highest-demand evening hours, keeping the lights on in roughly three million homes. By 2025, they were regularly delivering more than 6,000 megawatts at peak, six times the roughly 1,000 megawatts they managed three years earlier.

#hours #electricity

Madison Investments, an investment advisor, released its second-quarter 2026 investor letter for the "Madison Large Cap Fund". A copy of the letter can be downloaded here. In the second quarter, U.S. stock market indices achieved their best performance since 2020, driven largely by a narrow group of Artificial Intelligence-related stocks. As in the pandemic's early days, investors are fixated on who will benefit from AI, reminiscent of the late 1990s internet bubble. Against this backdrop, The Madison Large Cap Fund (class I) returned 8.4% in the second quarter of 2026, compared to a 15.2% increase in the S&P 500 Index. The current market's extreme narrowness is concerning, and history suggests this won't persist. While AI is reshaping society and the economy, today's winners may not remain so, and booms could lead to busts. Additionally, factors such as a volatile federal administration, growing budget deficits, inflation, high interest rates, and strained consumer finances will significantly impact the economy and stock market in the future. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Madison Large Cap Fund highlighted Keysight Technologies, Inc. (NYSE:KEYS). Keysight Technologies, Inc. (NYSE:KEYS) is a technology company that designs and manufactures electronic design and test solutions serving the communications, electronics, and aerospace and defense (A&D) industries. On August 19, 2026, Keysight Technologies, Inc. (NYSE:KEYS) closed at $319.45 per share. The one-month return of Keysight Technologies, Inc. (NYSE:KEYS) was -2.24%, and its shares gained 97.92% over the past 52 weeks. Keysight Technologies, Inc. (NYSE:KEYS) has a market capitalization of $54.59 billion.
Madison Large Cap Fund stated the following regarding Keysight Technologies, Inc. (NYSE:KEYS) in its Q2 2026 investor letter:
"Electronic test and measurement company Keysight Technologies, Inc. (NYSE:KEYS) again reported strong quarterly results and an even better outlook. Along with Keysight's core end markets remaining strong, it is benefiting from growing demand for AI-specific use cases in optical and electrical equipment."
Keysight Technologies, Inc. (NYSE:KEYS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 66 hedge fund portfolios held Keysight Technologies, Inc. (NYSE:KEYS) at the end of the first quarter, up from 51 in the previous quarter. Keysight Technologies, Inc. (NYSE:KEYS) revenue grew 31% on a reported basis in the second quarter of fiscal 2026 to $1.72 billion. While we acknowledge the potential of Keysight Technologies, Inc. (NYSE:KEYS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on t

Brazilian state-controlled oil giant Petrobras has identified hydrocarbons in an exploration well being drilled in ultra-deep waters off the state of Amapá, providing an early indication of petroleum potential in one of the country's most closely watched exploration frontiers.
The Morpho well, formally known as 1-BRSA-1405-APS, is being drilled in the FZA-M-59 block in the Foz do Amazonas Basin, around 175 kilometers offshore in water depths of 2,886 meters. Petrobras said the hydrocarbon-bearing interval was identified through electrical well logs and indications in rock.
Drilling remains underway, and Petrobras has not disclosed the size of the accumulation, the type or quality of the hydrocarbons, or any estimate of recoverable resources. The result therefore represents an exploration discovery rather than confirmation of a commercially viable oil or gas development.
Still, the find is significant because Petrobras described it as its first discovery offshore Amapá, an area at the northern end of Brazil's Equatorial Margin where the company has been seeking to establish a new exploration province.
Petrobras began drilling Morpho after receiving an operating license from Brazilian environmental regulator Ibama in October 2025. At the time, the company said the well was designed to collect geological data and determine whether hydrocarbons were present in economically viable quantities, with no production planned during the exploration phase.

#hydrocarbons #morpho

Fernando Alonso has said the algorithms dictating 2026 F1 cars' energy deployment must be "fixed and improved," amid continuing driver frustration with the new generation of power unit regulations.
Under the 2026 rules, the cars' power delivery is split nearly 50/50 between electrical power and internal combustion, with a 'self-learning' computer algorithm critical to deciding how the battery deployment is used throughout a lap and constantly adapting to inputs from the driver.
With deployment already mapped out by software before the race, drivers are unable to 100% control deployment themselves, a quirk of the 2026 cars that has come under criticism from several drivers this season.
Speaking after the Belgian GP at Spa-Francorchamps, arguably the most difficult track for the 2026 cars so far, McLaren's Oscar Piastri lamented a "pretty ***** way of going racing." He said: "It sucks. I can't really say it any other way than that. I certainly wouldn't have been the only person [to complain]."
Piastri added: "When you've got qualifying grids decided by computers behaving or misbehaving, it's a pretty ***** way of going racing."

#deployment #drivers

Amphenol Corporation (APH) is a global manufacturer of electrical, electronic, and fiber-optic connectivity products. Headquartered in Wallingford, Connecticut, the company's product portfolio spans connectors, cables, antennas, sensors, and circuit boards for a wide range of industries.
Amphenol's extensive product range has contributed to its growth into a company with an approximate market cap of $209.6 billion. Its stock performance has been notable, with a 50.9% increase over the past 52 weeks, significantly outperforming the S&P 500 Index ($SPX), which returned 20.6% in the same timeframe. The momentum continues into 2026, with APH stock up 22.7% year-to-date (YTD), outpacing the broader market's 13.9% rise.
Mark Cuban Says If You Win The Lottery, Don't Take The Lump Sum — And Tell People Who Ask for Money No, But 'Be Nice. No One Likes a Mean Billionaire'
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SpaceX Could Be Making $235 Billion From a Business It's Not Known For. SPCX Stock Investors Should Pay Attention.

#range #headquartered #wallingford

On August 6, Allient (NASDAQ:ALNT) reported its second-quarter fiscal 2026 results, where revenue climbed 10% year-over-year to $153.8 million, gross margin hit a record 34.9%, and orders jumped 49% to $201.3 million, with a book-to-bill ratio of 1.31x. The company also flagged data center demand as a rising piece of its story. So is this durable, or a single strong quarter dressed up as a trend?
The breadth of the quarter stands out. Industrial revenue rose 17%, Aerospace & Defense grew 16%, and Medical increased 9% on demand for surgical robotics and other precision motion work. Data center and infrastructure sales, part of the Industrial bucket, reached $16.3 million, or 10.6% of total revenue, up 60% from a year earlier. On a trailing 12-month basis, those sales hit $57.1 million, up 69% year over year, tied to power quality products like harmonic filters and line reactors that help data centers manage increasingly dense electrical loads.
Profitability improved just as sharply. Operating income rose to $15.6 million from $11.7 million, pushing operating margin to 10.2%, the highest level in roughly a decade. Net income jumped 85% to $10.4 million, or $0.61 per diluted share, while adjusted EBITDA rose 18% to $23.7 million. Backlog ended the quarter at $298 million, with most of it expected to convert to revenue within three to nine months, giving management a clearer read on the back half of the year.
The Vehicle market was the exception to an otherwise strong quarter, with revenue falling 7% on weaker powersports demand. Aerospace & Defense growth of 16% also came despite the previously announced cancellation of the M10 Booker program, a reminder that individual defense contracts can disappear even as the broader segment grows. Management itself cautioned that the record gross margin benefited from favorable mix, and mix can be lumpy, meaning quarter-to-quarter variability should be expected even if the structural trend holds.
Restructuring and business realignment costs, tied partly to the Dothan facility transition, came in at $600,000 for the quarter and are expected to total $2 million to $3 million for the full year. Inventory turnover slipped slightly to 3.1x from 3.2x in 2025, reflecting deliberate investments in inventory and strategic material buys to support growth and hedge against tariff uncertainty. The company also noted it has submitted or expects to submit about $1.3 million in tariff refund claims tied to IEEPA, but hasn't recorded any receivable given the uncertainty around timing and amount.

#defense