Tesla Inc. (NASDAQ: TSLA) is making an acquisition that might fly under the radar of many auto and alternative energy industry watchers. While nothing in the world is ever free, the deal structure makes this acquisition come at little to no real out of pocket costs for the top electric car maker. Shares of Maxwell Technologies Inc. (NASDAQ: MXWL) were surging on the news that it was being acquired by Tesla. Even after rising almost 50%, the $210 million market cap is a tiny drop in the bucket for Tesla, when considering that its market cap is over $50 billion.
Perhaps the main focus for Tesla is Maxwell’s dry electrode manufacturing technology that can be applied to the manufacturing of batteries. Its ultracapacitor products are said to offer safe and reliable power solutions for applications in consumer and industrial electronics, and in transportation, renewable energy and information technology.
As a reminder, Tesla’s long-term ambition is not just in electric cars. The company acquired the Musk-backed SolarCity company and offers solar power, the Powerwall energy storage system and backup power solutions.
Top Energy Stocks To Invest In Right Now: International Business Machines Corporation(IBM)
- [By Leo Sun]
Many investors pay close attention to Walmart’s (NYSE:WMT) consumer-facing digital efforts, which include its expanding e-commerce marketplace and new delivery options. However, Walmart’s supply chain is also undergoing a dramatic transformation through its new partnerships with Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM).
- [By Sean Williams]
There has been no shortage of partnerships backing up these advantages. Dow component IBM (NYSE:IBM) is arguably leading the charge on blockchain acceptance. IBM is pioneering a project at a dozen major banks in the South Pacific that’s aiming to expedite transaction settlement over its proprietary blockchain network. This project involves using Stellar’s Lumens coin as an intermediary currency to speed up settlement times on cross-border money flows.
- [By Chris Hill]
In this MarketFoolery podcast, host Chris Hill and Motley Fool Asset Management’s Bill Barker check out the big stories in the business world, which meant leading off with a reflection on the ugly day being had by IBM (NYSE:IBM). The oddities of the price-weighted, overly narrow Dow Jones Industrial Average meant that the company’s poor result sent the whole index lower.
Top Energy Stocks To Invest In Right Now: Banner Corporation(BANR)
- [By Max Byerly]
BidaskClub cut shares of Banner (NASDAQ:BANR) from a buy rating to a hold rating in a research note published on Wednesday morning.
Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Banner from a hold rating to a sell rating in a research report on Tuesday, March 27th. Stephens reiterated a hold rating and set a $60.00 price objective on shares of Banner in a research report on Tuesday, April 24th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Banner currently has an average rating of Hold and an average price target of $60.25.
- [By Logan Wallace]
Rhumbline Advisers cut its position in shares of Banner Co. (NASDAQ:BANR) by 1.3% in the 2nd quarter, Holdings Channel reports. The firm owned 86,918 shares of the financial services provider’s stock after selling 1,154 shares during the period. Rhumbline Advisers’ holdings in Banner were worth $5,226,000 at the end of the most recent reporting period.
- [By Ethan Ryder]
Here are some of the news articles that may have impacted Accern’s rankings:
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Banner Year for Asset Managers Could Be Catalyst for Change (markets.financialcontent.com) Zacks: Analysts Anticipate Banner Co. (BANR) to Announce $0.86 EPS (americanbankingnews.com) Banner Bank signs long lease for highly visible Sacramento site (finance.yahoo.com) Steven W. Rust Sells 511 Shares of Banner Co. (BANR) Stock (americanbankingnews.com) FY2018 Earnings Estimate for Banner Co. (BANR) Issued By DA Davidson (americanbankingnews.com)
NASDAQ BANR opened at $57.47 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1,896.48, a P/E ratio of 19.22, a PEG ratio of 1.66 and a beta of 0.96. Banner has a 1 year low of $52.07 and a 1 year high of $62.75.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Banner (BANR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top Energy Stocks To Invest In Right Now: EnLink Midstream, LLC(ENLC)
- [By Max Byerly]
Dimensional Fund Advisors LP increased its position in shares of EnLink Midstream LLC (NYSE:ENLC) by 13.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 3,173,164 shares of the pipeline company’s stock after buying an additional 378,910 shares during the quarter. Dimensional Fund Advisors LP’s holdings in EnLink Midstream were worth $46,487,000 as of its most recent filing with the SEC.
- [By Matthew DiLallo]
The company took a major step in that direction this week after announcing that it had agreed to sell its stakes in midstream companies EnLink Midstream Partners (NYSE:ENLK) and EnLink Midstream (NYSE:ENLC) for $3.125 billion in cash. The shale driller plans to use that cash to repurchase up to $4 billion of its shares through the end of next year, assuming this transaction closes. These moves could unlock significant shareholder value in the coming year.
- [By Shane Hupp]
Headlines about EnLink Midstream (NYSE:ENLC) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. EnLink Midstream earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 45.7727314287906 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.