FINWIRES · TerminalLIVE
FINWIRES

Update: Solidion Technology Extends Gains After Thursday's Quadrupling; Unveils Extreme-Climate Battery Tech

By

(Updates with the stock move in the headline, the first and second paragraphs.)

Solidion Technology (STI) shares extended gains in Friday's premarket activity after the company announced a patented extreme-climate battery platform designed for space operations, artificial intelligence data centers in low Earth orbit, and lunar infrastructure.

The company's shares rose more than 21% in recent premarket activity.

The power storage system based on graphene actively manages cell temperatures, allowing the hardware to operate between -80 and 80 degrees Celsius, the company said Thursday, when its shares closed up 357% in regular trading.

The company is also developing solid-state lithium-ion and lithium-sulfur batteries with non-flammable materials to provide higher energy-to-weight ratios for crewed spaceflights.

The battery hardware surpassed 500 charge cycles at -40 Celsius during testing to support long-term lunar surface power grids and exploration rovers, it added.

Price: $27.64, Change: $+4.93, Percent Change: +21.71%

Related Articles

Wire

Ainsworth Game Technology Chair Resigns; Shares Hit Over Eight-Year High

Ainsworth Game Technology (ASX:AGI) said that Non-Executive Chair Danny Gladstone has resigned with immediate effect following recent media reports concerning personal payments made to him more than eight years ago, according to a Friday filing with the Australian bourse.Gladstone said his resignation was intended to serve the company's best interests by allowing it to move beyond the distraction and focus on its strategic priorities, per the filing.Graeme Campbell has been appointed chair of the board, the filing added.The company's shares rose around 10% in recent Friday trade and earlier hit their highest level since April 2018.

$ASX:AGI
Wire

Wealthfront Fiscal Q1 Earnings Fall, Revenue Rises

Wealthfront (WLTH) reported fiscal Q1 earnings late Thursday of $0.07 per diluted share, down from $0.18 a year earlier.Analysts polled by FactSet expected EPS of $0.12.Revenue for the quarter ended April 30 was $90.5 million, up from $84.5 million a year earlier.Analysts expected $91.8 million.Shares of Wealthfront were down roughly 9% in after-hours activity.

$WLTH
Wire

Samsara Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Shares Fall After Hours

Samsara (IOT) reported fiscal Q1 non-GAAP earnings late Thursday of $0.17 per diluted share, up from $0.11 a year earlier.Analysts polled by FactSet expected $0.13.Revenue in the three months ended May 2 rose to $478.8 million from $366.9 million a year earlier.Analysts expected $455.2 million.Samsara expects Q2 adjusted EPS of $0.15 to $0.16 on revenue of $482 million to $484 million.Analysts project EPS of $0.15 on revenue of $480.1 million.The company expects full-year adjusted EPS of $0.70 to $0.72 on revenue of $2.005 billion to $2.03 billion. Analysts project EPS of $0.68 on revenue of $1.97 billion.Samsara shares fell 3.2% in after-hours trading.

$IOT