Latest news with #CantorFitzgerald
Globe and Mail
8 hours ago
- Business
- Globe and Mail
Why PureCycle Technologies Was Racing Higher This Week
Experimental plastics recycling company PureCycle Technologies (NASDAQ: PCT) got a boost this week from a bullish note published by an analyst. By late Thursday evening, according to data compiled by S&P Global Market Intelligence, the company's shares were trading more than 18% higher week to date. A bull reiterates his buy recommendation The PureCycle bull is Cantor Fitzgerald's Andres Sheppard, who on Wednesday morning reiterated his overweight -- buy, in other words -- recommendation on the company's stock. He also maintained his $12-per-share price target. In Sheppard's view, according to reports, PureCycle is a fine long-term play as it leverages patented, exclusive technology for plastics recycling. It also boasts a first-mover advantage and sits in front of a large total addressable market. PureCycle is also actively demonstrating its offerings to the world in a series of customer trials, of which there are more than 30 at present, according to the analyst. A further slate of over 50 trials is pending. Finally, it recently booked its first revenue, moving it out of the experimental and into the commercial stage of its life. The ability to scale The Cantor Fitzgerald pundit also sounded a bullish note about PureCycle's future, pointing out that a facility currently in development in Georgia should add meaningful scale to its operations. That plant is expected to become operational in 2027. Given its unique angle on plastics recycling, PureCycle is certainly an intriguing investment. It's certainly worth a look, as we live in a world awash in plastic and good recycling solutions are welcome. I'd say this is a stock to keep an eye on. Should you invest $1,000 in PureCycle Technologies right now? Before you buy stock in PureCycle Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and PureCycle Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $875,479!* Now, it's worth noting Stock Advisor 's total average return is998% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Yahoo
a day ago
- Business
- Yahoo
SOL Drops Below $150 After Sell-Off Despite Growing Institutional Adoption Narrative
Solana's SOL SOL fell 4.24% over the past 24 hours to trade at $149.46, retreating from a high of $158.54 following a sharp overnight sell-off. Trading volume surged as SOL broke below $155 support late Monday, with the price eventually bottoming at $148.68 before entering a choppy consolidation around the $150 mark. Despite the short-term pressure, some institutional investors remain optimistic about Solana's long-term positioning. On Monday, Cantor Fitzgerald launched coverage of three public companies — DeFi Development Corp (DFDV), Sol Strategies (HODL), and Upexi (UPXI) — that hold SOL as a treasury asset. The firm assigned all three 'overweight' ratings and emphasized Solana's technical strength. Cantor's analysts argued that Solana has outpaced Ethereum in recent developer growth and technical performance, citing on-chain metrics that show higher throughput and lower latency. The report added that firms using SOL as a treasury asset view it as a serious contender to challenge ETH's dominance, despite ether still having a market cap 2.5 times larger. While the recent correction has erased much of the weekend's gains, SOL remains above last week's support zone. Traders are now watching whether the token can hold the $148–$150 range or if further downside pressure will emerge. Technical Analysis Highlights During the analysis window, SOL-USD dropped 7.0% from $158.804 to $147.746, forming a 24-hour range of 11.058 points. The steepest sell-off occurred between 22:00 and 00:00 UTC on volume exceeding 2.7 million SOL, breaking down through $155 support. Price later stabilized around $152 and traded in a tightening range between $151 and $154. The $152–$153 zone transitioned from support to resistance during the correction, with $148.68 marking the session low. At 07:57–07:58 UTC, price dropped from $153.118 to $152.680 on a spike exceeding 150,000 SOL in volume. Toward the end of the analysis period, SOL consolidated between $153.400 and $152.680 with declining volatility, signaling hesitation among both bulls and bears. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Pioneer Acquisition I Corp Announces Pricing of $220,000,000 Initial Public Offering
BROOKLYN, N.Y., June 17, 2025 (GLOBE NEWSWIRE) -- Pioneer Acquisition I Corp (Nasdaq: PACHU) (the 'Company') announced today the pricing of its initial public offering of 22,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market ('Nasdaq') and trade under the ticker symbol 'PACHU' beginning June 18, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols 'PACH' and 'PACHW', respectively. The underwriter has been granted a 45-day option to purchase up to an additional 3,300,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on June 20, 2025, subject to customary closing conditions. The Company is a blank check company incorporated as an exempted company under the laws of the Cayman Islands, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Cantor Fitzgerald & Co. acted as the sole book-running manager of the offering. Odeon Capital Group LLC acted as co-manager of the offering. Winston & Strawn LLP is serving as legal counsel to the Company. Ellenoff Grossman & Schole LLP is serving as legal counsel to Cantor Fitzgerald & Co. A registration statement on Form S-1 (333-287656) relating to these securities has been filed with the Securities and Exchange Commission ('SEC'), and was declared effective on June 17, 2025. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: prospectus@ or from the SEC website at This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, Contacts Pioneer Acquisition I CorpMr. Mitchell CreemChief Executive Officer and Director131 Concord StreetBrooklyn, NY 11201Email: creem@ in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Cantor Fitzgerald Sees 35% Upside in Rocket Lab Corporation (RKLB)
Rocket Lab Corporation (NASDAQ:RKLB) is among the best NASDAQ stocks under $50 to buy Analysts at Cantor Fitzgerald have reaffirmed their Overweight rating and $35.00 price target on Rocket Lab Corporation (NASDAQ:RKLB), implying a 35% upside from the current levels. This optimism stems from the investor meetings across Europe in the past week, where topics like Electron's launch cadence, Neutron rocket development, and the space systems segment were discussed. The firm noted that the company's recent initiatives speak volumes regarding its prospects. Rocket Lab Corporation (NASDAQ:RKLB) possesses a competitive edge against SpaceX, its latest acquisitions of Mynaric and Geost, as well as talks around President Trump's Golden Dome Initiative. Additionally, the successful execution of 66 space launches adds an extra layer of excellence. A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space. With a market capitalization of $11.91 billion, Rocket Lab Corporation (NASDAQ:RKLB) was regarded by the leading investment firm during its assessment as an 'end-to-end space company that is best-positioned in the industry.' What's even more exciting is that the company is a potential beneficiary of the public disagreement between President Trump and Elon Musk. Rocket Lab Corporation (NASDAQ:RKLB) is a California-based company that provides launch services and space systems solutions. Founded in 2006, the core offerings of the company include launch services, spacecraft manufacturing and design, and spacecraft components. The giant is aimed at leveraging space for innovation. While we acknowledge the potential of RKLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
NeuroPace, Inc. (NPCE) Backed by Cantor Fitzgerald Following Physician Survey
NeuroPace, Inc. (NASDAQ:NPCE) is among the best NASDAQ stocks under $50 to buy. Cantor Fitzgerald reiterated its Overweight rating on NeuroPace, Inc. (NASDAQ:NPCE), with a price target of $16.00, implying an upside of nearly 44%. This affirmation is based on a survey of medical professionals about the giant's RNS System. The survey, conducted among 30 medical professionals, including epileptologists, neurologists, and neurosurgeons, assessed perceptions regarding the potential FDA approval and adoption of the RNS System for idiopathic generalized epilepsy (IGE). The results raised the firm's confidence in NeuroPace, Inc. (NASDAQ:NPCE). A close-up of a medical device being calibrated and tested in a clinical laboratory setting. With a one-year return surpassing the market's return by 60.82%, NeuroPace, Inc. (NASDAQ:NPCE) is certainly heading north. The company is developing responsive neurostimulation technology to detect specific brain activity patterns related to seizures. The current RNS System is approved for particular kinds of epilepsy, with the potential IGE indication highlighting its total addressable market (TAM). NeuroPace, Inc. (NASDAQ:NPCE), founded in 1997, is a medical device company in the United States. The company develops RNS systems and provides physician tablets and patient data management systems. The company is aimed at transforming the lives of people living with epilepsy. While we acknowledge the potential of NPCE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
