business

Max Knoblauch4/28/25

Plug Power surges 40% on preliminary results and a fresh credit pact

Beaten-down hydrogen fuel cell company Plug Power spiked more than 40% in Monday morning trading as investors cheered preliminary results.

Plug expects first-quarter revenue to land between $130 million and $134 million, up from $120 million in the first quarter last year. The company projects that recent cost-saving measures will reduce costs by $200 million per year. It anticipates net cash usage will come in at about $142 million — more than $125 million less than Q1 last year.

Also fueling investor frenzy: an up to $525 million credit pact with Yorkville Advisors, some of which Plug will use to pay off older debt.

In an interview with Sherwood News earlier this year, Plug Power CEO Andy Marsh said he wants the company to achieve a positive gross margin in 2025.

Slight tweak: even with Monday’s surge, the stock sits at just over $1.10 a share. It has fallen more than 50% over the past year and is down sharply from a recent peak in the mid-$60s in early 2021, when investors were optimistic about the Biden administration’s desire to support alternative fuels.

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GM plans to launch conversational AI in some vehicles next year

The automaker announced a host of tech initiatives at its GM Forward event on Wednesday morning.

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J. Edward Moreno

Employer-provided healthcare premiums rose to an average of $27,000 this year

Coverage of GLP-1s is among the drivers for rising premiums.

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business

Max Knoblauch16h

Warner Bros. Discovery climbs amid reports it’s rejected takeover offers around $24 per share

Shares of Warner Bros. Discovery are trading up on Wednesday as a bidding war for the HBO and CNN parent company heats up.

According to CNBC, WBD has now rejected three Paramount Skydance offers. The latest was said to be for close to $24 per share (about a 15% premium from the stock’s level as of Wednesday morning and nearly double where it was trading before reports of a potential takeover surfaced in September) with 80% in cash. Yesterday afternoon, Reuters reported that WBD’s board rejected the $24 offer on Tuesday.

WBD, which said on Tuesday it was open to a sale and that there are multiple interested parties, climbed on the latest update. The stock was up more than 4% after the market opened before its gains narrowed.

According to reports, Paramount remains the most interested potential buyer, but Comcast, Amazon, and Netflix are also circling.

On Netflix’s earnings call after the bell Tuesday, the streamer’s co-CEO, Ted Sarandos, reiterated that the company has “no interest in owning legacy media networks.” Still, industry experts have speculated that a sale of WBD’s streaming and film studios business — which it previously intended to spin off — could be on the table, leaving Netflix in the hunt.

WBD rejected three Paramount takeover offers, the last for just under $24 per share, sources say

WBD rejected three Paramount takeover offers, the last for just under $24 per share, sources say

WBD, which said on Tuesday it was open to a sale and that there are multiple interested parties, climbed on the latest update. The stock was up more than 4% after the market opened before its gains narrowed.

According to reports, Paramount remains the most interested potential buyer, but Comcast, Amazon, and Netflix are also circling.

On Netflix’s earnings call after the bell Tuesday, the streamer’s co-CEO, Ted Sarandos, reiterated that the company has “no interest in owning legacy media networks.” Still, industry experts have speculated that a sale of WBD’s streaming and film studios business — which it previously intended to spin off — could be on the table, leaving Netflix in the hunt.

business

Millie Giles19h

Mattel stock sinks after the Barbie maker posts disappointing Q3 results

Shares of toymaker Mattel fell by more than 6% in early trading this morning, after the company posted third-quarter results on Tuesday evening that missed analysts’ estimates.

The company, which owns Barbie and Hot Wheels, reported net sales of $1.74 billion — a 6% slump year over year, and short of the $1.83 billion Wall Street expected — with net profit also slipping by 25% to $278 million.

Mattel misses Wall Street estimates as North American sales sink

Mattel misses Wall Street estimates as North American sales sink

Plant Based Meat Burger on grill

Beyond Meat is soaring again — can the fake meat company turn the meme stock spotlight into a real future?

The faux meat maker’s stock is up more than 1,200% since October 16, but its core business is still a cash incinerator.

David Crowther, Hyunsoo Rim20h

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