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Dow Jones up 0.1% on Friday with NASDAQ and S&P 500 also rising. Communication services shares jumped 0.9% while health care fell 0.5%. Simulations Plus Inc beats earnings estimates, WD-40 Co and Jiuzi Holdings Inc see gains, eLong Power Holding Ltd and Virax Biolabs Group Ltd see losses. European shares mixed, Asian markets close mixed.
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Elong Power Holding (NASDAQ:ELPW) reported quarterly losses of $(42.36) per share. This is a 102.57 percent decrease over earnings of $1.65 thousand per share from the same period last year. The company reported $2.899
Elong Power (NASDAQ: ELPW) announced H1 2026 results showing net revenue of $2.90 million (up 14,977% YoY) following its divestment of lithium battery manufacturing and pivot to asset-light energy storage system integration. The company reported net income of $20.49 million, primarily driven by a $22.61 million non-operating gain from the battery business disposal. However, continuing operations showed a net loss of $2.11 million with thin 0.3% gross margins. The company raised approximately $20 million in public offerings to fund R&D and global market expansion.
Riot Platforms Inc (NASDAQ: RIOT) rose sharply in pre-market trading after reporting strong second-quarter financial results.
Truist Securities analyst Jamie Cook maintains EquipmentShare.com (NASDAQ:EQPT) with a Buy and lowers the price target from $35 to $31.
As the U.S. experiences a surge in industrial development and critical infrastructure, contractors face a critical bottleneck: regional utility providers are struggling to keep pace with soaring power demand. According