Stock

Why PubMatic Stock Plunged Almost 24% in March

What happened

Shares of advertising-technology company PubMatic (NASDAQ:PUBM) fell 23.9% in March, according to data provided by S&P Global Market Intelligence. The entire drop came early in the month, when Alphabet‘s Google made an announcement that sent shockwaves throughout the entire ad-tech industry. However, PubMatic started April with an important announcement of its own that helped it rebound.

So what

Google is eliminating third-party browser cookies, something that ad-tech companies use to deliver targeted advertising for their clients. Ad-tech stocks like The Trade Desk, Magnite, and PubMatic plummeted on the news, as investors presume this is categorically bad news for the industry. However, executives at these companies (notably Jeff Green, CEO of The Trade Desk) have downplayed the risk and some even believe it’s good news in the long run. Then again, you’d expect them to say that.

A falling red arrow crashes down through a floor as a businessman looks on.

Image source: Getty Images.

However,

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‘Rolls-Royce will become Britain’s best tech stock’

Technology companies have unquestionably been the winners of the pandemic. Share prices rocketed last year as millions grew accustomed to lockdown life and relied more than ever on their products.

Funds that invest in these companies soared and the Fidelity Global Technology fund was no exception: it has returned 40pc over the past 12 months, ahead of the 36pc from a global index of tech stocks.

Hyun Ho Sohn, who has run the £8.2bn fund since 2013, is now turning his attention to life after the pandemic and the stocks poised to take off when we exit lockdown. He tells Telegraph Money why he thinks not all technology shares are expensive and why one household name should be seen as one of Britain’s tech leaders.

Who is the fund for?

The fund is for any investor looking for long-term returns from the technology sector. Technology is used in our daily

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Why CBAK Energy Technology Stock Skyrocketed 45.5% in January

What happened

Shares of CBAK Energy Technology (NASDAQ:CBAT) rose 45.5% in January, according to data from S&P Global Market Intelligence. The battery company’s stock soared early in the month following a report that electric vehicle (EV) specialist NIO was gearing up to launch new models using lithium iron phosphate batteries.

CBAT Chart

CBAT data by YCharts

Chinese EV industry news website cnEVpost published a report on Jan. 6 indicating that NIO was planning to introduce new, budget-focused vehicle lines that would use lower-cost lithium iron phosphate batteries. NIO is reportedly turning to CATL (China’s largest auto lithium-ion battery company) to supply the batteries for the upcoming vehicles. However, the announcement prompted speculation that there could be increased demand for CBAK’s technologies, and the company did announce a potentially significant partnership later in the month.

A charging battery icon.

Image source: Getty Images.

So what

CBAK published a press release on Jan. 25 announcing

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Is ReneSola Stock a Buy?

Falling costs, improved technology, and policy support — the tailwinds are firmly behind solar stocks. The share of solar energy in global electricity generation is expected to rise from a mere 3% currently to roughly 20% by 2050. That would surely benefit solar stocks and explains investors’ euphoria for the sector. As a result, solar stocks, including ReneSola (NYSE:SOL), have risen significantly lately. After already more than doubling in 2021, let’s see if ReneSola stock is a buy right now.

Focused operations

To better understand ReneSola’s prospects, it’s imperative to briefly look at the company’s history. ReneSola’s beginnings go back to 2005, when it started its solar power business in China. Up till 2017, ReneSola was primarily involved in the manufacture of solar wafers and panels. However, the company was incurring losses and losing market share to competitors.

SOL Net Income (Quarterly) Chart

SOL Net Income (Quarterly) data by YCharts

As the

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Why Appian Stock Skyrocketed 324% in 2020

What happened

Shares of Appian (NASDAQ:APPN) spiked 324% last year, according to data provided by S&P Global Market Intelligence, as investors looked to technology stocks as a haven for their money during lockdowns and social distancing. 

So what 

Appian’s platform allows customers to easily and quickly build apps without having to know much about writing code. And as the pandemic forced companies to focus their attention on attracting and communicating with customers online, many companies turned to Appian to build their apps last year. 

Several arrows pointing up on a dark blue background.

Image source: Getty Images.

The demand for an easy app-building service pushed up Appian’s cloud subscription revenue, which increased 40% in the third quarter. In turn, the company’s total revenue increased 17% in the quarter to $70.9 million, and adjusted earnings per share reached breakeven, outpacing Wall Street’s consensus estimate for a loss of $0.17 per share. 

Appian’s growth in the third quarter,

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Why Beam Global Stock Soared 115% in December

What happened

Beam Global (NASDAQ:BEEM) became the latest electric vehicle (EV) stock to catch fire as the company surged after announcing new patents related to EV charging and a new contract to deploy the technology. 

The news sent shares of the recent IPO flying higher, up 115% in December, according S&P Global Market Intelligence. The chart below shows the stock’s movement over the course of the month. 

BEEM Chart

BEEM data by YCharts.

So what

Beam had its IPO as Envision Solar in July, a microcap stock at the time. And the company, which makes EV charging technology based on renewable energy, has attracted attention in recent months, driving the stock up by multiples into small-cap territory.

A rendering of a electric vehicle charging

Image source: Getty Images.

On Dec. 3, the company announced a new patent for its UAV ARC recharging network, which provides en route charging for drones. The company believes commercial and military

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