Li-Cycle forms joint venture for lithium-ion battery facility in Norway 06:12 LICY Li-Cycle has formed a joint venture with Eco Stor and Morrow Batteries. Li-Cycle will be the majority owner of the joint venture, with Eco Stor and Morrow being minority owners and Nordic-headquartered strategic partners. Through this vehicle, Li-Cycle will construct a new commercial lithium-ion battery recycling facility in southern Norway. Norway is on the path of phasing out sales of new internal combustion engine vehicles by April 2022. Once constructed, the Norwegian Spoke will be Li-Cycle's first recycling facility outside of North America and is expected to have the capacity to process up to 10,000 tons of lithium-ion batteries per year. The facility is expected to be operational in early 2023. The initiative brings Li-Cycle's total expected global recycling capacity to 40,000 tons of lithium-ion battery input per year. Eco Stor will provide the joint venture with end-of-life lithium-ion batteries, along with Morrow providing lithium-ion battery manufacturing scrap from its planned battery manufacturing facilities in Norway. Li-Cycle will provide equipment, technology, technical services, and operational management for the Spoke facility, while having the right to acquire 100% of the facility's production of black mass. Construction and commissioning of the Spoke remains subject to receipt of all necessary Norwegian regulatory approvals.
Clean Energy to build methane capture digester at Millenkamp Dairy in Idaho 06:17 CLNE, BP Clean Energy (CLNE) will announce, during its RNG Day webcast, that it has signed an agreement to construct a methane capture digester at Millenkamp Dairy in Jerome, Idaho, one of the largest dairy farms in the U.S. The project is expected to provide an anticipated five million gallons of very low carbon-intensity RNG annually which will flow into Clean Energy's fueling network. The Millenkamp project will be developed through Clean Energy's joint venture with BP (BP). Logitech Q4 guidance could prove to be conservative, says Loop Capital 06:17 LOGI Loop Capital analyst… UiPath upgraded to Outperform yesterday at Macquarie 06:48 PATH
YOUR GUMMY OF THE DAY- CKPT Checkpoint Therapeutics price target raised to $20 from $16 at Cantor Fitzgerald 07:06 CKPT Cantor Fitzgerald analyst Jennifer Kim raised the firm's price target on Checkpoint Therapeutics to $20 from $16 and keeps an Overweight rating on the shares. On Tuesday, Checkpoint announced positive top-line results from its registration-enabling clinical trial evaluating the safety and efficacy of its anti-PD-L1 antibody, cosibelimab, administered as a fixed dose of 800 mg every two weeks in patients with metastatic cutaneous squamous cell carcinoma, Kim tells investors in a research note, adding that the data "checks the right boxes" and and provides further validation around cosibelimab's potential to capture share within the competitive market. CKPT @ $2.46
Abbott Laboratories Non-GAAP EPS of $1.32 beats by $0.11, revenue of $11.5B beats by $790M Jan. 26, 2022 7:31 AM ET Abbott Laboratories (ABT) Abbott Laboratories press release(NYSE:ABT): Q4 Non-GAAP EPS of $1.32beats by $0.11. Revenue of $11.5B (+7.5% Y/Y)beats by $790M. Turning Point Brands price target lowered to $45 from $55 at B. Riley 07:50 TPB Cazoo agrees to buy leading Italian online car retailer, brumbrum for €80M in cash and stock deal Jan. 26, 2022 7:12 AM ETCazoo Group Ltd (CZOO),CZOO.WS Cazoo(NYSE:CZOO)hasagreed to acquirebrumbrum, Italy’s leading digital car retailer and subscription platform for €80M in a mix ofcash & Cazoo shares. The transaction will combine Cazoo’s market-leading brand, platform and funding with brumbrum’s strong team, local market expertise and commercial relationships across Italy. Once integrated, the deal will accelerate the launch of Cazoo’s full proposition throughout Italy by the middle of this year. Nasdaq, S&P 500, Dow Jones futures surge ahead of Fed
Good morning readers. After a streak of (at least) 20 winning calls in a row and 2 perfect market direction calls, unheard of here on ET, I can understand all the fan mail, but I feel it is time diversify the portfolios. The big dog is now Restoration Hardware. The little dog will be The Matterhorn. Copart at $127 is going in, as is WEBR and AQUA. Our bio-pick will be ALLO ($11.36) ADBE remains. ISRG is gone.