09:59 AM EDT, 04/10/2024 (MT Newswires) -- Coherent (COHR) said Wednesday that it has obtained $15 million in funding from the US Creating Helpful Incentives to Produce Semiconductors, or CHIPS, and Science Act of 2022. Coherent said it will get the funding to accelerate the commercialization of next-generation wide- and ultrawide-bandgap semiconductors, specifically, silicon carbide and single-crystal diamond. Price: 56.01,...

Plug Power Inc ( PLUG ) shares are trading lower by 5.5% to $3.07 during Wednesday’s session amid overall market weakness. Major indexes are lower Wednesday following hotter-than-expected March inflation data. In March, inflation in the United States exceeded economist expectations, with the annual Consumer Price Index (CPI) rising to 3.5%, surpassing the previous month’s rate of 3.2%. This marked...

LONDON (Reuters) -A leading judge of corporate climate action plans said it will allow companies to use carbon credits to offset their supply chain pollution despite concerns it could see emissions rise, a move that should see demand for offsets grow. Selling credits from wind farms and other projects to a company so it can offset pollution is seen as...

09:58 AM EDT, 04/10/2024 (MT Newswires) -- Boeing's ( BA ) slower-than-expected delivery from production may be best for safety, but is negative for the stock and free cash flow generation, Morgan Stanley said in a note Wednesday. On Tuesday, the planemaker said it delivered 83 commercial jetliners in Q1, the lowest since mid-2021. Morgan Stanley said the slowdown amid...