markets

Helena Cheng5/12/26

T1 Energy posts much smaller-than-feared quarterly loss

T1 Energy shares are whipsawing in early trading after the solar equipment maker reported its Q1 financial results today, posting a quarterly loss far smaller than feared.

Key numbers:

Loss per share: $0.08 (estimate: $0.18).
Revenue: $177.65 million.
Operating expenses: $51.6 million.
Cash, cash equivalents, and restricted cash: $123.7 million.

Shares were up nearly double digits in premarket trading, but have since proceeded to dip into the red.

Management highlighted the operational ramp-up at its G1_Dallas facility and continued progress on its flagship G2_Austin solar cell plant. The company is targeting a larger financing solution, which includes a significant debt component, to fund its capex needs for Phase 1 of G2_Austin.

Following a successful $160 million convertible note offering in April, the company said it has reduced its remaining Phase 1 funding requirement to approximately $225 million.

“Our team made excellent progress during the first quarter to advance our top priorities,” said Dan Barcelo, CEO and chairman of T1 Energy. “As we look ahead, we are focused on hitting key construction milestones, targeting a comprehensive financing package for G2_Austin in the second quarter, building our offtake coverage through our developer customer base, and driving profitability as T1 grows.”

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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