GBA Presents: THE GREEN MARKET

Deere's deal for Kreisel expands electrification capabilities, says Baird 14:15 DE Baird analyst Mircea Dobre said Deere's deal to acquire a majority stake in electric battery technology developer Kreisel Electric "pairs well" with the company's acquisition of Bear Flag Robotics earlier this year to further build out Deere's electrification capabilities while accelerating the path towards a fully electric, autonomous fleet. The analyst, who sees next-generation offerings having the potential to extend the ag replacement cycle beyond 2025 and points to Deere "consolidating its leadership position," keeps an Outperform rating and $425 price target on the stock.
 
Ultralife acquires Excell Battery Group for $23.5M in cash 14:05 ULBI Ultralife Corporation has acquired all of the outstanding shares of Excell Battery Group for $23.5M in cash, subject to customary working capital and net cash adjustments. Based in Canada with U.S. operations, Excell is an independent designer and manufacturer of high-performance smart battery systems, battery packs and monitoring systems to customer specifications. Excell serves a variety of industrial markets including downhole drilling, OEM industrial and medical devices, automated meter reading, and mining, marine and other mission critical applications which demand uncompromised safety, service, reliability and quality. For the trailing twelve-month period ended November 30, 2021, Excell generated revenues of $21.2M. The transaction is expected to be accretive on an EPS basis within twelve months. "Acquisitions have been and remain an important component of our strategy to diversify commercial revenue and expand the end markets we serve. With this transaction, we are advancing that strategy while adhering to our disciplined approach," said Michael D. Popielec, President and Chief Executive Officer. "Acquiring Excell offers us opportunities to further scale our Battery & Energy Products business and drive the proven operating leverage of our business model, expand into OEM device verticals that we do not presently serve, enhance our contributed value to both our customers and realize cost synergies. Importantly, Excell possesses experienced technical resources which we plan to utilize in progressing our global new product initiatives while adding a complementary line of highly engineered products that are costly to switch out. Finally, with an organizational culture and business model similar to our own, we look forward to a seamless integration process and welcome the Excell Team to Ultralife."

WATCH this could go-

Ultralife Corporation (ULBI)
NasdaqGM - NasdaqGM Real Time Price. Currency in USD

5.31+0.10(+1.86%)
As of 02:59PM EST. Market open.
 
Musk says gene editing and gene therapy 'the revolution in medicine' 14:42 EDIT, CRSP, NTLA, SGMO In reply to a tweet from Brett Winton, Director of Research at ARK Invest, tweeting a graphic about how gene editing and gene therapy companies could exceed $1 trillion in market value over the next 5 years, Tesla (TSLA) CEO Elon Musk tweeted "This is the revolution in medicine". Publicly traded companies focused on gene editing include Editas Medicine (EDIT), Crispr Therapeutics (CRSP), Intellia Therapeutics (NTLA) and Sangamo Therapeutics (SGMO).

AND QURE!-
 
Snap rolls out early version of Story Studio, Verge reports 12:57 SNAP, AAPL Snap (SNAP) has rolled out a standalone video editing app called Story Studio, which is meant to give creators more precise editing control over vertical videos, The Verge's Mia Sato reports. The app is currently available as an "early version" to iOS (AAPL) users in the U.S., U.K. and Canada,
 
3:15: OK RALLY SHOULD START NOW!!! LETS GET THIS PARTY STARTED..!!!!!!!!!!!

uniQure N.V. (QURE) Watch list. We have 1 other i forget what.- wait EBAY.

28.31-0.40(-1.39%)


 
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