Ultime notizie per Getaround (OTC:GETR) Azioni

Getaround

Getaround Inc operates as a developer of a carsharing platform designed to instantly access and drive cars shared by people. The company's platform provides users with simple on-demand car rentals. Getaround's on-demand technology enables a contactless experience no waiting in line at a car rental facility, manually completing paperwork, or meeting anyone to collect or drop off car keys. It derives maximum revenue from United States.

Getaround Inc

GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) reported its third-quarter results after Thursday's closing bell. Here's a look at the key <a href="https://www.benzinga.com/pressreleases/24/12/b42350842/gitlab-reports-third-quarter-fiscal-year-2025-financial-results">figures from the quarter. </a>
The Details: GitLab reported quarterly earnings of 23 cents per share, which beat the analyst consensus estimate of 16 cents. Quarterly revenue came in at $196 million, which beat the analyst consensus estimate of $187.93 million and is an increase over sales of $149.67 million from the same period last year.
<ul>
<li>Customers with more than $5,000 of ARR reached 9,519, an increase of 16% year-over-year. </li>
<li>Customers with more than $100,000 of ARR reached 1,144, an increase of 31% year-over-year. </li>
<li>Dollar-Based Net Retention Rate was 124%. </li>
<li>Total RPO grew 48% year-over-year to $811.8 million, while cRPO grew 39% to $515.2 million.</li>
</ul>
GitLab also announced Bill Staples was named CEO and a member of the board of directors effective immediately. Staples succeeds co-founder and CEO Sid Sijbrandij, who is stepping down from his day-to-day role to focus on his health. Sijbrandij will transition to executive chair of the GitLab board of directors.
Read Next: <a href="https://www.benzinga.com/24/12/42316904/unitedhealthcare-ceo-brian-thompson-dies-after-being-shot-outside-nyc-hotel">UnitedHealthcare CEO Brian Thompson Fatally Shot Outside NYC Hotel</a>
&#8220;GitLab&#8217;s growth at scale is a testament to the demand for a platform approach to software development,&#8221; said Sid Sijbrandij, co-founder and executive chair of the board of directors. 
&#8220;Our end-to-end DevSecOps platform addresses our customers&#8217; need to accelerate the pace of software development to remain competitive, innovate faster, and ship software more securely,&#8221; Sijbrandij added. 
Outlook: GitLab sees fourth-quarter revenue in a range of $205 million to $206 million, versus the $204.36 million estimate and adjusted earnings of between 22 cents and 23 cents per share, versus the 14-cent estimate.
GTLB Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, GitLab shares are up 7.54% after-hours at $71.02 at the time of publication Thursday. 
Read More:&nbsp;
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<li><a href="https://www.benzinga.com/markets/24/12/42300548/art-cashins-lessons-cuban-crisis-trades-to-timeless-wall-street-wit">Art Cashin&#8217;s Lessons: Cuban Crisis Trades To Timeless Wall Street Wit</a></li>
</ul>
Photo: Shutterstock

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GitLab Stock Surges After Strong Q3 Results, Q4 Guidance Above Estimates

Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) today announced that its board of directors approved the purchase of up to an additional $500 million of its outstanding shares of common stock under its existing share repurchase program, effective immediately. This repurchase program follows the substantial completion of purchases of common stock under the inaugural $250 million repurchase authorization from August 2023. With this additional repurchase authorization, the Company anticipates executing a $250 million accelerated share repurchase ("ASR") program that will commence in the fourth quarter of 2024.

Buybacks

WING

Wingstop Announces Additional $500M Share Repurchase Authorization; Anticipates Executing A $250M Accelerated Share Repurchase Program That Will Commence In Q4 2024

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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BTBT

Bit Digital Reports November 2024 Update $4.3M GPU Cloud Revenue, $181.2M In Digital Asset Holdings, 44.9 BTC Produced, $332.5M Total Liquidity, And $18.7M In New GPU Contracts Signed For High-Performance Computing Services

The earnings results for Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) for Q3 were made public on Thursday, December 5, 2024 at 04:05 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
Argan beat estimated earnings by 59.0%, reporting an EPS of $2.0 versus an estimate of $1.26.
Revenue was up $93.25 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
Last quarter the company beat on EPS by $0.34 which was followed by a 26.0% increase in the share price the next day.
Here's a look at Argan's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.97</td>
<td>0.52</td>
<td>0.75</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.31</td>
<td>0.58</td>
<td>0.89</td>
<td>0.40</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>183.55M</td>
<td>134.75M</td>
<td>161.60M</td>
<td>162.70M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>227.01M</td>
<td>157.68M</td>
<td>164.55M</td>
<td>163.75M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Argan <a href="https://www.benzinga.com/quote/AGX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Argan Q3 Earnings

Guidance

This Action Is Expected To Result In Pre-Tax Charges To Earnings Of $51M-$55M Through The End Of 2026. ~$28M Constitutes Non-Cash Charges Anticipated To Be Recorded In 2024 And 2025 With ~$23M-$27M Over The Next 2 Years Going Toward Cash Expenditures, Primarily For Plant Cleaning, Waste Disposal, And Demolition Costs. Ongoing Operational And Capital Expenditure Savings Have Been Incorporated Into The Company's Current 2025 Goals Of $300M Of Adjusted EBITDA And $65M-$75M Of Capital Expenditures

RBI Suggests Shareholders Reject New York Stock And Bonds Mini-Tender Offer; Offer To Purchase 10K Shares At $45/Share

Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Activision is offering a limited-time opportunity for those who haven&#8217;t yet jumped into Call of Duty: Black Ops 6 by announcing a seven-day free trial, starting next <a href="https://www.benzinga.com/general/gaming">Friday, Dec. 13. </a>
The trial will run through Friday, Dec. 20, and will be available to players on Xbox, PlayStation, and PC.
<h3 class="wp-block-heading">What's Included In Call Of Duty: Black Ops 6&#8217;s Free Trial?</h3>
This free trial gives gamers a chance to explore several core features of Black Ops 6, including popular multiplayer modes and maps. 
See Also: <a href="https://www.benzinga.com/general/gaming/24/11/42198567/19000-bans-and-counting-but-players-say-cheating-still-dominates-call-of-duty-black-ops-6">19,000 Bans And Counting, But Players Say Cheating Still Dominates Call Of Duty Black Ops 6</a>
According to Activision's <a href="https://x.com/CallofDuty/status/1863976795113918904">announcement,</a> participants will have access to Team Deathmatch, Hardpoint, Domination, Kill Confirmed, Kill Order, and Prop Hunt modes. 
Additionally, the trial includes six multiplayer maps: Racket, Hacienda, Extraction, Hideout, Heirloom, and Nuketown Holiday.
Fans of the series can also get a taste of Black Ops 6&#8217;s Zombies mode. The free trial will feature both the Standard and Directed versions of two maps, Liberty Falls and Terminus. 
However, there is still some uncertainty surrounding whether player progress, such as XP earned during the trial, will carry over to the full game. This is a crucial detail for players who may be enticed to buy Black Ops 6 after the trial ends, but Activision has not yet clarified this point. 
It&#8217;s worth noting the game's launch was quite successful commercially. Microsoft celebrated Black Ops 6 as &#8220;the biggest Call of Duty release ever,&#8221; reporting a <a href="https://www.benzinga.com/general/gaming/24/10/41662426/black-ops-6-shatters-records-call-of-dutys-biggest-launch-drives-60-sales-spike">record number of &#8220;Game Pass subscriber adds on launch day.&#8221;</a>
Read Next:
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<li><a href="https://www.benzinga.com/general/gaming/24/12/42321564/indiana-jones-headlines-xbox-game-pass-december-2024-additions">Indiana Jones Headlines Xbox Game Pass December 2024 Additions</a></li>
</ul>
Image credits: Shutterstock.

Gaming

General

MSFT

Black Ops 6 Free Trial: What You Can Play Dec. 13–20

Consistent with Strategy to Optimize Business Portfolio and Enhance Free Cash Flow
PITTSBURGH, Dec. 5, 2024 /PRNewswire/ --&nbsp;Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOP#NYSE">KOP</a>), today announced that the company will discontinue phthalic anhydride production at its facility in Stickney, Illinois, in 2025.
The decision, affecting approximately 25 employees, was driven by significant near-term capital spending requirements that could not be economically justified by end-market projections. An ancillary benefit is an improvement in the site's environmental footprint as annual emissions of certain regulated air contaminants are expected to be reduced by 50 to 70 percent.
Koppers has targeted mid-2025 for the shutdown and expects to ramp down production of phthalic anhydride over the next six months as the company builds inventory to supply existing contracts through 2025, as necessary.&nbsp;The closure of the phthalic anhydride plant will not impact Stickney's coal tar distillation operations, which manufacture products including creosote, carbon pitch and pavement sealer base.
The phthalic anhydride plant at Stickney was constructed to consume naphthalene, a byproduct of the coal tar distillation process, as a feedstock to produce the chemical intermediate used to manufacture plasticizers, polyester resins, and alkyd paints. As availability of coal tar has declined, phthalic anhydride has become less profitable as lower naphthalene production resulted in a need to supplement production with a greater proportion of higher-cost third-party feedstock.

Koppers Announces The Company Will Discontinue Phthalic Anhydride Production At Its Facility In Stickney, Illinois, In 2025,  Affecting ~25 Employees, Was Driven By Significant Near-Term Capital Spending Requirements That Could Not Be Economically Justified By End-Market Projections; An Ancillary Benefit Is An Improvement In The Site's Environmental Footprint As Annual Emissions Of Certain Regulated Air Contaminants Are Expected To Be Reduced By 50% To 70%

Walmart EVP Rachel L Paid Taxes Or Acquired 22,503 Shares At An Average Price Of $92.64

RVNC

Revance Therapeutics Extends Tender Offer Deadline With Crown Laboratories And Reba Merger Sub To December 9 Amid Ongoing Discussions, With Potential For Further Delays Or Modifications To Merger Agreement Terms, Including Offer Price Adjustments

21.0 EH/s and 967 MW1,2 under management in mining with path to ~35 EH/s
MIAMI, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq &#x7C; TSX:&nbsp;HUT) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today released its operations update for November 2024.
Operating Metrics
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Average during the period unless otherwise noted</td>
<td>November 2024</td>
<td>October 2024</td>
</tr>
<tr>
<td>Total energy capacity under management (mining)1,2,3,4</td>
<td>967 MW</td>
<td>967 MW</td>
</tr>
<tr>
<td>Total deployed miners under management5</td>
<td>201.1K</td>
<td>194.2K</td>
</tr>
<tr>
<td>Total hashrate under management6</td>
<td>21.0 EH/s</td>
<td>20.1 EH/s</td>
</tr>
<tr>
<td>Self-Mining7</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Deployed miners8,12</td>
<td>56.2K</td>
<td>57.1K</td>
</tr>
<tr>
<td>Deployed hashrate9</td>
<td>5.7 EH/s</td>
<td>5.6 EH/s</td>
</tr>
<tr>
<td>Bitcoin produced3,10</td>
<td>94 BTC</td>
<td>100 BTC</td>
</tr>
<tr>
<td>Bitcoin on balance sheet3</td>
<td>9,122 BTC</td>
<td>9,110 BTC</td>
</tr>
<tr>
<td>Managed Services2,11</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Energy capacity under management3</td>
<td>582 MW</td>
<td>582 MW</td>
</tr>
<tr>
<td>Deployed miners under management12</td>
<td>155.8K</td>
<td>146.5K</td>
</tr>
<tr>
<td>Hashrate under management</td>
<td>16.4 EH/s</td>
<td>15.5 EH/s</td>
</tr>
<tr>
<td>Hosting</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Deployed miners under management12,13</td>
<td>75.2K</td>
<td>76.7K</td>
</tr>
<tr>
<td>Hashrate under management14</td>
<td>8.4 EH/s</td>
<td>8.5 EH/s</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Hut 8 Operations Update For November 2024; 94 BTC Produced; 9,122 BTC On Balance Sheet; 21.0 EH/s And 967 MW Under Management In Mining With Path To ~35 EhH/s

WIIM

ZBAO

Zhibao shares are trading higher after the company announced they will partner with PICC & Munich Re to develop new medical insurance products in China.

Byline Bancorp Authorized New Stock Repurchase Program Of 1.25M Shares

The earnings results for Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) for Q3 were made public on Thursday, December 5, 2024 at 04:02 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
Petco Health and Wellness beat estimated earnings by 50.0%, reporting an EPS of $-0.02 versus an estimate of $-0.04.
Revenue was up $17.00 million from the same period last year.
<h3>Overview of Past Earnings</h3>
Last quarter the company missed on EPS by $0.0 which was followed by a 33.0% increase in the share price the next day.
Here's a look at Petco Health and Wellness's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.02</td>
<td>-0.07</td>
<td>0.02</td>
<td>0.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.02</td>
<td>-0.04</td>
<td>0.02</td>
<td>-0.05</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.52B</td>
<td>1.51B</td>
<td>1.62B</td>
<td>1.51B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.52B</td>
<td>1.53B</td>
<td>1.67B</td>
<td>1.49B</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Petco Health and Wellness management provided guidance for Q4 2024, expecting earnings between $0.0 and $0.02 per share.
To track all earnings releases for Petco Health and Wellness <a href="https://www.benzinga.com/quote/WOOF/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

WOOF

Petco Health and Wellness: Q3 Earnings Insights

Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) reported its Q3 earnings results on Thursday, December 5, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Argan beat estimated earnings by 59.0%, reporting an EPS of $2.0 versus an estimate of $1.26.
Revenue was up $93.25 million from the same period last year.
<h3>Overview of Past Earnings</h3>
Last quarter the company beat on EPS by $0.34 which was followed by a 26.0% increase in the share price the next day.
Here's a look at Argan's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.97</td>
<td>0.52</td>
<td>0.75</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.31</td>
<td>0.58</td>
<td>0.89</td>
<td>0.40</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>183.55M</td>
<td>134.75M</td>
<td>161.60M</td>
<td>162.70M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>227.01M</td>
<td>157.68M</td>
<td>164.55M</td>
<td>163.75M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Argan <a href="https://www.benzinga.com/quote/AGX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Argan Earnings Report: Q3 Overview

Tilly's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLYS#NYSE">TLYS</a>) just disclosed its Q3 earnings on Thursday, December 5, 2024 at 04:05 PM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
Tilly's missed estimated earnings by -34.0%, reporting an EPS of $-0.43 versus an estimate of $-0.32.
Revenue was down $23.03 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
The company beat on EPS by $0.09 in the last quarter, resulting in a 4.0% drop share price change the following day.
Here's a look at Tilly's's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.09</td>
<td>-0.47</td>
<td>-0.22</td>
<td>-0.07</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0</td>
<td>-0.48</td>
<td>-0.17</td>
<td>-0.03</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>163.81M</td>
<td>115.16M</td>
<td>171.65M</td>
<td>167.98M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>162.87M</td>
<td>115.86M</td>
<td>173.02M</td>
<td>166.47M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Tilly's management provided guidance for Q4 2024, expecting earnings between $-0.43 and $-0.32 per share.
To track all earnings releases for Tilly's <a href="https://www.benzinga.com/quote/TLYS/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TLYS

Tilly's: Q3 Earnings Insights

Equifax And Mastercard Partner To Launch Kount Payment Fraud Prevention And Chargeback Mitigation Solutions In Latin America, Enhancing Fraud Management For Financial Institutions And Merchants

ECONOMIC SUMMARY AND OUTLOOK
The global economy remains on track for a modest slowdown in calendar 2024, as high interest rates continue to weigh on growth. Alongside slower growth, inflation across the G-7 has cooled, and central banks have started to lower interest rates. TD Economics expects future interest rate reductions to be gradual, as central banks assess how growth and inflation respond. In addition, the evolution of geopolitical risks maintains a degree of uncertainty on both the economic outlook and the inflation trajectory.
The U.S. economy has continued to grow at a solid pace in calendar 2024 supported by resilient consumer spending and strength in business investment. High borrowing costs have curtailed residential investment, which has weighed on overall growth. With U.S. domestic demand outpacing many of its advanced economy peers, import growth has also run ahead of exports, leading to little support to growth from international trade.
Based on the October 2024 data, the U.S. job market has stabilized recently, with the unemployment rate at 4.1%, up modestly from a year ago. This can be characterized as a normalization following tight conditions that persisted for longer than expected after the pandemic. The U.S. economy carries the markings of a "soft landing" that is allowing inflation pressures to gradually drift lower and opened the door to interest rate cuts by the U.S. Federal Reserve. The U.S. central bank lowered its policy rate by half a point in September and another quarter point in October.
TD Economics expects the U.S. Federal Reserve to continue to lower interest rates over the next year. However, the pace of interest rate reductions has become more uncertain following the November election. Given the likelihood of increased tariffs under the new administration, and the potential for tax cuts, the risk that inflation experiences renewed upward pressure has increased. This could slow the pace of interest rate reductions. TD Economics expects the federal funds rate to be lowered to 3.25-3.50% by the end of calendar 2025 – a level that is still on the restrictive side.
After Canada's economy slowed notably in calendar 2023, strong population gains have lifted economic growth in the first half of calendar 2024. Population increases have also contributed to labour force growth outpacing job creation, taking the unemployment rate higher and cooling labour market conditions. The unemployment rate was 6.5% in October, above its pre-pandemic level, but still below its long-run average. Looking ahead, TD Economics expects population growth to slow sharply over the next few years as the federal government reduced its targets for permanent and non-permanent residents. The negative impact of the weaker population inflows on consumer spending and housing activity is likely to be more than offset by the boost to activity from lower interest rates. As such, TD Economics forecasts a modest pickup in overall economic growth in calendar 2025 from this year's estimated tepid rate of around 1%.
As a result of favourable inflation dynamics alongside a softening economy, the Bank of Canada has cut interest rates four times in calendar 2024, taking the overnight rate to 3.75% in October. TD Economics expects the Bank of Canada to continue lowering interest rates over the next year, reaching between 2.25% to 2.50% by the end of calendar 2025. Interest rates differentials between Canada and the U.S. have widened, weakening the Canadian dollar. TD Economics expects the Canadian dollar will trade in the 71 to 73 U.S. cent range over the next few quarters.

TD Bank Group Sees Global Economy Slows In 2024; TD Economics Predicts Gradual Interest Rate Cuts Amid Cooling Inflation, Geopolitical Risks Persist. U.S. Experiences Soft Landing With 4.1% Unemployment And Fed Rate Cut To 3.25-3.50% By End Of 2025. Canada Sees Growth Boost From Population Gains, BoC Cuts Rates To 2.25-2.50% In 2025. Canadian Dollar Expected To Trade At $0.71-$0.73 U.S. Cents.

Dividends

Ecolab Increases Quarterly Dividend From $0.57 To $0.65

Most people associate AI investing with semiconductors like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) or cloud giants like Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>). But beneath the surface, there's a less obvious story: the immense power required <a href="https://www.benzinga.com/topic/artificial-intelligence">to support this innovation.</a>
As U.S. power demand is projected to surge at an annual rate of 2.5%, a $7 trillion investment windfall is on the horizon fueled by the sweeping infrastructure overhaul required to sustain AI breakthroughs, digital asset mining, and next-generation mobility innovations.
In an exclusive interview with Benzinga on Thursday, Maurits Pot, CEO and co-founder of Tema ETFs, introduced the newly launched Tema Electrification ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOLT#NYSE">VOLT</a>), the world's first fund dedicated to the infrastructure powering modern technology.
<h3 class="wp-block-heading">Why Power Demand Is Surging</h3>
The U.S. power grid has been largely neglected for decades, but the electrification era is creating a surge in electricity consumption that hasn't been seen since the 1990s. 
Several megatrends are at play:
<ol>
<li>AI is energy-hungry: AI data centers consume seven times more power than traditional facilities, according to Tema ETFs. With generative AI and machine learning applications proliferating, power requirements are expected to soar. </li>
<li>Aging infrastructure: Approximately 70% of U.S. transmission and distribution (T&amp;D) lines are over 25 years old—past their recommended lifespan. Without upgrades, the grid may be unable to meet demand.</li>
<li>Supply deficits are coming: The U.S. could face a 40 gigawatt power shortfall by 2030, equivalent to 40 nuclear plants or 100 gas-fired turbines.</li>
</ol>
&#8220;We think this electrification trend is massive,&#8221; Pot said, adding, &#8220;the opportunity lies on the expansion of power capacity needed to meet rising demand for AI, mobility and other things.&#8221;
<h3 class="wp-block-heading">What Sets VOLT Apart?</h3>
Pot explained that VOLT is the first ETF to span the full electrification value chain, offering exposure to companies across five categories: generation, transmission, grid equipment, electrification services, and applications. 
Here's a closer look at some of the key names in the portfolio:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Category</th>
<th>Portfolio Holding</th>
<th>Investment Rationale</th>
</tr>
</thead>
<tbody>
<tr>
<td>Generation</td>
<td>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>)</td>
<td>The U.S.'s largest manufacturer of gas turbines is sold out until 2028.</td>
</tr>
<tr>
<td>Transmission</td>
<td>Nexans</td>
<td>Supplies high-voltage cables to modernize aging T&amp;D lines in the U.S.</td>
</tr>
<tr>
<td>Grid Equipment</td>
<td>Hubbell Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBB#NYSE">HUBB</a>)</td>
<td>Builds critical electrical grid infrastructure expected to grow at 2x GDP.</td>
</tr>
<tr>
<td>Electrification Services</td>
<td>Quanta Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>)</td>
<td>Modernizes grid networks and connects new energy sources to the system.</td>
</tr>
<tr>
<td>Applications</td>
<td>Vertiv Holdings LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) </td>
<td>Produces data center cooling systems, with the market growing 13–15% annually.</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Bitcoin, Crypto And the Hidden Digital Asset Demand Story</h3>
According to Pot, the growth of the digital asset industry is an underrated source of upside risks to U.S. power demand needs in the upcoming years.
 &#8220;Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining is very energy intensive,&#8221; Pot stated. 
<h3 class="wp-block-heading">Current VOLT Portfolio Positioning</h3>
Here's a breakdown of the fund's current portfolio positioning as of Dec. 4, 2024:
Regional Exposure: North America dominates the portfolio with 80.91% allocation, while Europe accounts for 16.57% of the exposure.
Market Cap Breakdown: The portfolio focuses on large-cap companies, which comprise 64.80% of the holdings, followed by mid-cap companies at 24.54%. Small-cap stocks represent 8.14% of the fund. There are no mega-cap stocks, defined as those with a market capitalization of over $200 billion.
Power Allocation:
<ul>
<li>Power Generation accounts for 23.55%, split into conventional energy at 12.85% and renewables at 10.70%.</li>
<li>Grid Management is the largest allocation at 44.39%, including 24.53% for &#8220;before the meter&#8221; infrastructure and 19.86% for &#8220;after the meter&#8221; services.</li>
<li>End-Use Applications make up 29.54%, further divided into 13.15% for products and 16.39% for services.</li>
</ul>
<h3 class="wp-block-heading">Top 10 Holdings </h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>% of NAV</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bel Fuse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELB#NASDAQ">BELB</a>)</td>
<td>5.10%</td>
</tr>
<tr>
<td>Nexans SA </td>
<td>5.08%</td>
</tr>
<tr>
<td>GE Vernova, Inc.</td>
<td>5.03%</td>
</tr>
<tr>
<td>Hubbell, Inc. </td>
<td>5.01%</td>
</tr>
<tr>
<td>Quanta Services, Inc. </td>
<td>4.88%</td>
</tr>
<tr>
<td>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>)</td>
<td>4.15%</td>
</tr>
<tr>
<td>Vertiv Holdings Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>)</td>
<td>4.09%</td>
</tr>
<tr>
<td>ABB Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABB#NYSE">ABB</a>)</td>
<td>4.05%</td>
</tr>
<tr>
<td>Schneider Electric SE (EPA: SU)</td>
<td>4.04%</td>
</tr>
<tr>
<td>Eaton Corp. PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>)</td>
<td>4.03%</td>
</tr>
</tbody>
</table>
</figure>
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