CBAK Energy Technology, Inc. ( CBAT ) shares are trading higher after the company reported first-quarter FY24 results. Revenue rose 38.7% Y/Y to $58.82 million, missing the consensus of $62.78 million.  Revenues growth benefitted from the battery business (+51.5% Y/Y), led by an increase of 66.0% Y/Y from revenues from residential energy supply & uninterruptible supplies. However, net revenues from batteries used in light electric...

May 10 (Reuters) - Shares of Zeekr Intelligent Technology ( ZK ) opened nearly 24% above their initial public offering price on Friday, giving the China-based electric vehicle maker a valuation of $6.8 billion. (Reporting by Niket Nishant in Bengaluru; Editing by Anil D'Silva) ...

Whales with a lot of money to spend have taken a noticeably bearish stance on RTX. Looking at options history for RTX we detected 10 trades. If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 60% with bearish. From the overall spotted trades, 5 are...

SAO PAULO, May 10 (Reuters) - Brazilian pulpmaker Suzano will maintain its capital discipline and would not make any move solely aimed at growing, as it is focused on adding value for shareholders, Chief Executive Walter Schalka said on Friday. WHY IT'S IMPORTANT Reuters reported earlier this week, citing sources familiar with the matter, that Suzano had approached U.S.-based International...