In today’s briefing:
- Activist Spotlight: How Starboard Value Could Transform Qorvo’s Prospects
- Copper Tracker 20th Jan 2025: Encouraging China TSF Numbers To Boost Future Demand?
- Plug Power’s $1.66 Billion Loan: Will It Thrive & Flourish In Trump’s Era?
- Titan America (TTAM): Peeking at the Prospectus of Potential February IPO for Titan Cement’s US Unit
Activist Spotlight: How Starboard Value Could Transform Qorvo’s Prospects
- The relationship between Qorvo and Starboard Value has captured the attention of investors and market observers alike, as recent developments signal a potential turning point for the chip maker.
- On January 17, 2025, it was revealed that Starboard Value, one of Wall Street’s most aggressive activist investors, has acquired a 7.7% stake in Qorvo, equating to a $500 million investment.
- This announcement comes after a challenging year for Qorvo, during which its stock fell by 29%, weighed down by declining revenues in its mobile segment and an unfavorable product mix in the Android ecosystem.
Copper Tracker 20th Jan 2025: Encouraging China TSF Numbers To Boost Future Demand?
- Copper prices finished up over 9000 USD/ton again this week after hovering around 3-5% of that level for close to a month.
- The COMEX spread has reached a 10-week high, while the Yangshan premium shows signs of investor bullishness as it closes in on the 80 USD/ton.
- With better TSF numbers from China and a slightly more optimistic picture of demand, we head into 2025 feeling better about copper pricing.
Plug Power’s $1.66 Billion Loan: Will It Thrive & Flourish In Trump’s Era?
- Plug Power, a leading name in the hydrogen economy, recently secured a $1.66 billion loan guarantee from the U.S. Department of Energy (DOE).
- This funding is set to propel the company’s plans to build several facilities for clean hydrogen production, with the first plant slated for Texas.
- The announcement comes amid political uncertainty, as President Donald Trump is set to take office with a potentially contrasting stance on clean energy policies.
Titan America (TTAM): Peeking at the Prospectus of Potential February IPO for Titan Cement’s US Unit
- Company is a manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States
- They have experienced 50% revenue growth, 150% net income growth and 65% Adjusted EBITDA growth from fiscal 2019 to fiscal 2023.
- New York Stock Exchange to list the US unit of Brussels-based Titan Cement International SA
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