Year: 2019

(Bloomberg) — Almost three years after Tesla Inc. Chief Executive Officer Elon Musk unveiled solar roof shingles as part of his push to buy SolarCity, the automaker says it finally has a version of the tiles that it can mass produce.“It’s been quite hard,” Musk said on a conference call late Friday. “Roofs need to last a long time. When you add electrification to the roof, it’s a fair bit of complexity.”The sleek roof is a key part of Tesla’s push to revive its struggling solar business. Musk unveiled the product in 2016, but the company hasn’t been able to …read more […]

(Bloomberg) — Microsoft Corp. has been awarded the sought-after JEDI cloud computing contract with the Pentagon valued as much as $10 billion over a decade, the Defense Department said in a statement on Friday night.The decision deals a blow to Amazon.com Inc., which had been seen as the most likely winner in a deal whose terms were hotly contested by another rival, Oracle Corp.The Pentagon has said the cloud project, known as the Joint Enterprise Defense Infrastructure, or JEDI, is intended to help bring the Pentagon’s technology into the modern era.The Defense Department is investing in commercial cloud services, which …read more […]

Q1 2020 Sharps Compliance Corp Earnings Call …read more […]

Microsoft Corp. has won the Pentagon’s $10 billion cloud computing contract, the Defense Department said on Friday, beating out favorite Amazon.com Inc . The Joint Enterprise Defense Infrastructure Cloud (JEDI) contract is part of a broader modernization of the Pentagon’s information technology systems meant to make the Defense Department more digitally agile. Oracle Corp had expressed concerns about the award process for the contract, including the role of a former Amazon employee who worked on the project at the Defense Department but then recused himself, then later left the Defense Department and returned to Amazon …read more […]

A left-leaning political group is challenging Facebook’s policy not to fact-check some political ads by running a spot that falsely claims Republican Senator Lindsey Graham has endorsed the Green New Deal, a plan by prominent Democrats. Facebook Inc has come under fire in recent weeks over its decision to not fact-check ads run by politicians. The new ad comes days after Green New Deal champion Representative Alexandria Ocasio-Cortez grilled Facebook CEO Mark Zuckerberg on whether his site would allow such an ad. …read more […]

Q3 2019 Altra Industrial Motion Corp Earnings Call …read more […]

(Bloomberg) — A “decade of darkness” in California is offering a huge opportunity for the sale of generators that keep the lights on when the power grid goes down.That’s the view of Aaron Jagdfeld, chief executive officer of Generac Holdings Inc., the Wisconsin-based maker of generators. Jagdfeld cited a comment by PG&E Corp’s CEO last week that it could take ten years to shore up its grid enough to ratchet down the blackouts.The bottom line for Generac: $100 million to $200 million of annual revenue, perhaps as soon as 2022, Jagdfeld said in an interview in New York on Friday, …read more […]

U.S. stocks pushed higher after the Trump administration said it was making progress on a preliminary trade agreement with China. The report sent the S&P 500 surging above its record closing high, as the three major indices added to earlier gains after a batch of corporate earnings results. …read more […]

(Bloomberg) — PG&E Corp. warned it will shut off power again on Saturday to as many as 2.5 million people as violent winds batter the state — in what will be California’s largest intentional blackout ever.The outages will impact up to 850,000 homes and businesses in Northern California, including parts of Oakland, Berkeley and other cities, PG&E said in a statement Friday. With wind gusts up to 80 miles (130 kilometers) per hour forecast through Monday, much of the region could be without power for days. San Francisco, however, will be spared.“The upcoming wind event has the potential to be …read more […]

When Nio (NIO) released its latest sales numbers for the latest quarter, the 35.1 percent increase in sales gave some investors optimism for the company’s future potential.While the increase in sales looks impressive, the reality is the company only delivered 4,799 vehicles, with the majority of the sales coming from its low-priced ES6 SUV, which at this time loses money on every sale.This wouldn’t be as big of an issue if Nio was flush with cash, but without a cash infusion, the company will struggle to survive by as early as December 2019.Turning to TipRanks data, we find that NIO …read more […]