Wed, Nov 27, 2024 3:03 PM
Buy Aurobindo Pharma; target of Rs 1540: Geojit Financial Services
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Maxeon Solar Technologies has agreed to divest its non-US assets to focus solely on the US market. The move aims to leverage the company's existing market presence and planned local manufacturing to drive growth and profitability. The company will lease a building in Albuquerque, New Mexico, for 5 yrs upto 2029, with plans to initiate solar panel production in the 2GW capacity facility by 2026.
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Ola Electric's shares surged 20% to Rs 88.16 on the BSE after the company announced the launch of two new electric scooter ranges, priced from Rs 39,000, with reservations already open and delivery starting in April 2025. Ola CEO Bhavish Aggarwal tweeted on X to announce the launch, saying, “Hello, Ola S1 Z & Gig range, beginning at low Rs 39K! It is accessible, reasonably priced."
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uCloudlink Group Inc. reported a 5.6% year-over-year increase in total revenues to $25.2 million for Q3 2024, driven by growth in data connectivity and SaaS services. Despite a slight decrease in net income, the company expanded its global presence with new product launches and strategic partnerships. uCloudlink continues to diversify its offerings and strengthen its market position.
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