World News – USA – DPW Holdings’ Coolisys® Power Electronics business is testing ACECool ™ EV chargers for national fast food franchise networks

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DPW Holdings, Inc. . (NYSE American: DPW), a diversified holding company (« DPW » or « Company »), announced that its power electronics business, Coolisys Technologies Corp.. . ® (« Coolisys® ») has established a program for national and regional fast food franchisees to install the ACECool ™ (« EV ») electric vehicle chargers as part of a revenue sharing program. The program will initially be funded from the company’s recent fundraising activities. The program is expected to start in California, Nevada and Canada. While the company is excited about Coolisys’ new franchise program, there can be no guarantee that the program will be successful.

The company expects the program to allow franchisees and operators to install the ACECool ™ EV chargers and share in net sales from advertising and network usage. The same program is expected to be a model for other strategic industry and geo-focused networks. Coolisys expects to launch its program with a national fast food network franchisee who is part of a network of over 1. 000 locations. Coolisys expects to announce additional network partners in the first quarter of 2021.

Worldwide EV sales grew a dramatic 65% from 2017 to 2018, 2 total. 1 million vehicles with constant sales by 2019. However, the subsequent coronavirus pandemic outbreak resulted in a 25% decrease in EV purchases in the first quarter of 2020. Despite these setbacks, demand for electric vehicles is likely to rise again, according to a study by Bloomberg New Energy Finance, which saw improved batteries, more readily available charging infrastructure, new markets and price parity with internal combustion engines as the main drivers of growth. The study estimates that electric vehicles will account for 10% of global car sales by 2025, 28% by 2030 and 58% by 2040. With a view to expanding the current EV infrastructure support infrastructure, McKinsey reported that it will spend more than $ 30 billion in EV charging adoption by 2030 and in the US market for EV fleet charging support services by 2030 Need to spend could be worth $ 15 billion.

Amos Kohn, President and CEO of Coolisys, said, « The opportunities for Coolisys in the emerging electric vehicle market are expected to drive our revenue growth over the next 60 months and beyond. We look forward to the possible changes arising from the increased demand for electric vehicles and recent trends related to government support for the electrification of transport. I believe we are well positioned to take advantage of these opportunities as a 50 year old company that has experience and is able to develop innovative and highly efficient power systems and solutions. « 

For more information about DPW Holdings and its subsidiaries, the company encourages shareholders, investors and other interested parties to read the company’s public filings and press releases, which are available in the Investor Relations section at www. DPW Holdings. com or available at www. sec. government.

Coolisys and its portfolio companies and departments are primarily engaged in the design and manufacture of innovative, feature-rich, high-quality power products for mission-critical applications in the harshest environments and life-saving, life-sustaining applications in various markets including defense / aerospace, medical / Healthcare, Industry, Telecommunications and Automotive. Coolisys’ headquarters are located at 1635 South Main Street, Milpitas, CA 95035; www. Coolisys. com.

DPW Holdings, Inc. . is a diversified holding company pursuing growth through the acquisition of undervalued businesses and disruptive technologies with global impact. Through its wholly owned and majority owned subsidiaries and strategic investments, the company provides mission-critical products that support a wide variety of industries including defense / aerospace, industrial, telecommunications, medical and textiles. The company also provides loans to selected entrepreneurial companies through a licensed credit company. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www. DPW Holdings. com.

This press release contains « forward-looking statements » within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally contain statements that are predictive in nature and depend on or relate to future events or conditions, and include words such as « believes », « plans », « anticipates », « projects », « estimates »,  » expects, « intends », « strategy », « future », « opportunity », « can », « will », « should », « could », « potential » or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made and the company assumes no obligation to update them publicly in light of new information or future events. Actual results could differ materially from those contained in forward-looking statements due to various factors. Additional information, including potential risk factors that could affect the company’s business and financial results, is included in the company’s filings with the U.. S.. . Securities and Exchange Commission, including but not limited to the company’s Forms 10-K, 10-Q, and 8-K. All submissions are available at www. sec. gov and on the company’s website at www. DPW Holdings. com.

Of escalating tensions between the U. . S.. . and China, the highly infectious coronavirus pandemic outbreak, and this year’s 2020 presidential election have turned into a roller coaster ride for investors. Forced lockdowns weighed on industries such as the oil & gas sector, retailers, theater and entertainment companies, but drove technology stocks up. With Pfizer Inc. . (NYSE: PFE) and Moderna Inc. . (NASDAQ: MRNA) report high effectiveness of their COVID-19 vaccines, but the number of newly reported virus cases remains high. Analysts expect a change in market behavior as the world evolves into what they call the post-COVID-19 world. CNBC has compiled a list of five stocks with upside potential based on the opinions of leading Wall Steet analysts. Here’s a look at these stocks and the key factors that are influencing analyst forecasts. Amazon: The pandemic may have contracted the global economy, but Jeff Bezos’ Amazon Inc (NASDAQ: AMZN) surged to top $ 1. 5 trillion market capitalization. The e-commerce company’s stock peaked at a 52-week high of 3. 552 USD. 25 in early September. The Amazon share has grown by approx. 63% and almost 91% since March when the signs of a pandemic became apparent. Last week, Needham analyst Laura Martin rated Amazon as a buy – and, according to TipRanks, set a price target of 3. $ 700 fixed. Based on Martin’s survey results of a select number of Amazon customers, CNBC reported that 80% of respondents would stick to their online shopping trends in the post-pandemic period. In its October third quarter earnings release, Amazon reported $ 96. 1 billion sales with a growth rate of 37% over the previous year. Amazon last listed 3. $ 099. 40, 0. 57% lower on Friday. Bentley Systems: RBC Capital analyst Matthew Hedberg revised software company Bentley Systems Inc (NASDAQ: BSY) last week as a « buy » stock with a target price of $ 43, reports CNBC. « Overall, we believe a vaccine could benefit Bentley and a Biden presidency could strengthen U.. S.. . Infrastructure spending, « commented Hedberg. Forecasts were based on the company’s bottom line in its first release since its trading debut in September. For the third quarter, Bentley posted a growth rate of 8 with quarterly revenue of $ 203 million. 8% YoY with recurring revenue growth of 11% YoY for the past 12 month period. The company, on Nov.. . 12 announced plans to issue 10 million shares at a price of $ 32 per share and use the proceeds to pay off outstanding balances on credit facilities. From $ 25. 18 on Sept. . 22, the stock is up 41% and was last trading at $ 35. 55, 1. 22% higher. PDF Solutions: San Jose-based software and engineering services company PDF Solutions Inc (NASDAQ: PDFS) received a buy rating from Northland Capital analyst Gus Richard after news of the $ 35 acquisition of Cimetrix, according to CNBC report Million US dollars. Richard raised the stock price target to $ 30, most recently at $ 21. 28. Richard says that « PDFS / Cimetrix together can enable equipment suppliers to collect operational data from devices and use the PDFS big data analytics platform and AI to analyze operational, performance and process control data from devices, » as reported by CNBC. Also, taking into account the acquisition effects in the post-pandemic economy, Richard also anticipates that FY 21 earnings could soar between $ 0. 02 and $ 0. 04 per share. Cytokinetics: At the end of Friday’s trading session, Cytokinetics, Inc. . (NASDAQ: CYTK) was trading at $ 15. 99, 0. 95% higher. H. . C.. . Joseph Pantginis, analyst at Wainright & Co, predicts the biopharmaceutical company’s stock has an upside potential of 180% with an estimated price target of $ 43. The analyst’s projections are based on the success of omecamtiv mecarbil, the company’s treatment for heart failure. « While more analysis needs to be done and more details are needed to clarify the real chances of omecamtiv in HF, we believe that these results define a possible avenue for approval of omecamtiv based on its applicability for treatment , suggest a significant population. «  » Pantginis said, according to CNBC. Yelp: Yelp Inc (NYSE: YELP), the online reviews company headquartered in San Francisco, is down roughly 7% year-to-date. Since the 18th. However, in March, when lockdown measures went into effect, the stock rose 123%. . RBC Capital analyst Shweta Khajuria’s analysis of stock performance is based on the economic recovery in the post-pandemic period. Linking the availability and distribution of vaccines to the economic recovery, the RBC Capital Analyst believes shopping malls, restaurants and bars and other retail stores would see an increase in visitor numbers. « Management believes that Yelp will take greater advantage of improving its value proposition to advertisers, both perceived and actually, in order to preserve a larger share of the advertising budget, » CNBC quoted Khajuria as saying. As of Friday, Yelp had a market cap of nearly $ 2. 4 billion and was trading at $ 32. 22, 1. 19% higher. Latest Reviews for PFE DateFirmActionFromTo Nov 2020Goldman SachsReinstatesNeutral Nov 2020BernsteinInitiates Coverage OnMarket Perform Oct 2020SVB LeerinkMaintainsMarket Perform See more analyst reviews for PFE See the latest analyst reviewsSee more from Benzinga * Click here for Benzinga option deals: * Pfizer Sinizer end of year, Moderna EU approval COVID-19 vaccine trial in Brazil canceled due to Adverse Event (C) 2020 Benzinga. com. Benzinga does not offer investment advice. All rights reserved.

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Elizabeth Holmes, the former CEO of Theranos, wants to prevent any information about her past earnings and « luxury » expenses from being released in court, CNBC reported. What Happened: Holmes’ attorneys filed a motion to exclude reports of their income and expenses as they could potentially turn the jury against the accused. « The jury shouldn’t be exposed to arguments about women. Holmes’ alleged purchase of luxury travel, ‘good wine’ or ‘delivery of groceries to her home’, « CNBC quoted the defense team as saying in their motion. « Many CEOs live in luxurious homes, buy expensive (vehicles) and clothing, travel luxuriously and work with famous people – as the government claims. Holmes did. « Holmes had a private jet and several assistants to » run their errands, « according to CNBC. Why It Matters: Holmes faces dozens of criminal offenses and up to 20 years in prison. She and her partner Ramesh Balwan, former Theranos President and Chief Operating Officer, told investors, board members and the public that the company’s products under development are capable of treating any disease, including cancer and diabetes, with just one Drops to diagnose blood. The startup was privately valued at $ 9 billion at one point and was exposed through a Wall Street Journal investigation and subsequent public scrutiny that found the technology was not there. The trial is scheduled for 9. March 2021 in San Jose. Image: WikicommonsSee more from Benzinga * Click here for Benzinga option deals * Wish Files For IPO, Acknowledges Challenges in Its China-Rooted Supply Chain * Apple Attempts To « Water Down » Bill Against Forced Labor In China: Washington Post (C) 2020 Benzinga. com. Benzinga does not offer investment advice. All rights reserved.

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Josh Brown – CNBC employee, CEO of Ritholtz Wealth Management and author of the new book « How To Invest My Money » – attended Benzinga’s PreMarket Prep Show on Friday. Brown discussed his outlook for stocks over the coming months and the potential economic recovery in anticipation of coronavirus vaccines launches. Brown’s Economic Recovery: Brown said he was bullish on stock prices through year-end and predicts a collapse of the S&P 500 in the coming weeks. « I hate to say it out loud because if it doesn’t happen . . . You know. But I’m starting to think that way, « he said. Brown owns reopened stocks including Starbucks Corporation (NASDAQ: SBUX) and Simon Property Group Inc (NYSE: SPG). « I’ve been in some companies that really need a reopening to get back to their 2019 numbers and it could be two years before they do, » Brown said. At the moment, Brown said he was positioning himself in anticipation of how people will feel when they hear from friends and family about the coronavirus vaccine in the coming months. Gap Growth Story: Brown Is Upbeat On Another Economic Recovery Stock, Gap Inc (NYSE: GPS). « Years and years and years and years without progress, without dynamism. There is nothing good to tell in history. They now have this fundamental change – they are getting better on omnichannel, they are getting better on the app, they are improving the quality of clothing and they are adopting Lululemon, « he said. « This could become a growth stock and it will sell at zero. 5x wagering so you don’t even have to pay for the privilege of making that bet. « ‘Taking A L’ On Slack: Like any investor, Brown’s track record is far from perfect. He admits to taking a loss at Slack Technologies Inc (NYSE: WORK) earlier this year. « I think one of the things I didn’t expect was how much pressure Microsoft would put on Slack, almost like they’d put that pressure on for the company to go public, » Brown said. Slack’s decision to go public via direct listing meant that, unlike companies that traditionally list, Slack was immediately exposed to selling pressure from insiders – rather than from IPO underwriters from big banks like Goldman Sachs (NYSE : GS) and Morgan Stanley was supported (NYSE: MS), he said. « I wasn’t expecting those two things, and I failed to see how important they could be. « Check out the full interview with Josh Brown in the clip below or listen to the podcast here. PreMarket Prep is a daily trade fair hosted by props dealer Dennis Dick and former flooring dealer Joel Elconin. You can watch PreMarket Prep live every day from 8 a.m. to 9 a.m.. m. ET Benzinga’s YouTube channel and podcast are available on Spotify, iTunes, Google Play, Soundcloud, Stitcher and Tunein. GPS DateFirmAction Latest ReviewsFromTo Nov 2020Morgan StanleyMaintainsEqual-Weight Oct 2020Morgan StanleyMaintainsEqual-Weight Oct 2020MKM PartnersMaintainsNeutral View More Analyst Ratings GPS View Latest Analyst RatingsSee More From Benzinga * Click Here For Benzinga Option Deals * Tesla Short Sellers Met T- * 5 Warren Buffett Shares for sale for Benzinga under (C) 2020. com. Benzinga does not offer investment advice. All rights reserved.

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(Bloomberg) – According to JPMorgan Chase & Co. An equalization of flows could result in an exodus of approximately $ 300 billion from global stocks by the end of the year. Large multi-asset investors may need to convert money into bonds from stocks after strong stock performance this month, strategists led by Nikolaos Panigirtzoglou wrote in a statement on Friday. These include balanced mutual funds like 60/40 Portfolios, U. . S.. . The strategists said defined benefit pension plans and some big investors like Norges Bank, which manages the Norwegian sovereign wealth fund, and the Japanese state pension plan GPIF. « We’re seeing some vulnerability in the stock markets in the near future from balanced mutual funds, a $ 7 trillion universe that must sell roughly $ 160 billion worth of stocks around the world either by late November or by their targeted 60: 40 allocation to return no later than December, ”wrote the strategists. If the stock market rallies through December, additional $ 150 billion worth of stocks could be sold by the end of the month, which tend to be rebalanced quarterly, they added. Read More: The 60/40 Portfolio Confuses Critics With Another Big Year An MSCI metric for global stocks hit a record high in November. 16. This month it is up more than 10% as there are positive signs of Covid-19 vaccine development and concerns about the U.. S.. . The elections were starting to fade. The Bloomberg Barclays Global-Aggregate Total Return Index is up 1. 5%. For more articles like this, please visit us on Bloomberg. comSubscribe now to stay one step ahead with the most trusted business news source. © 2020 Bloomberg L. . P. .

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(Bloomberg) – Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries that have closed in recent years, Convent was far from outdated: it’s pretty big for U.. S.. . Standards and sophisticated enough to convert a wide range of crude oils into high quality fuels. Shell, the third largest oil major in the world, wanted to radically reduce refining capacity and could not find a buyer. When the monastery’s 700 workers found out they were unemployed, their colleagues across the Pacific fired a new unit in the vast Zhejiang complex of Rongsheng Petrochemical in northeast China. It is only one of at least four ongoing projects in the country, 1 in total. 2 million barrels of crude oil processing capacity per day, according to the U. . K. . The entire fleet. The Covid crisis has accelerated a seismic shift in the global refining industry as demand for plastics and fuels grows in China and the rest of Asia, where economies are rapidly recovering from the pandemic. In contrast, refineries in the U. . S and Europe are grappling with a deeper economic crisis, while the fossil fuel transition is clouding long-term prospects for oil demand. America has been since the beginning of the oil age in the mid-19th. Century headed the refinery, but China will dethrone the U. S.. . As early as next year, according to the International Energy Agency. In 1967, the year the monastery opened, the U. . S.. . had 35 times the refining capacity of China. The rise of the Chinese refining industry coupled with several large new plants in India and the Middle East is reflected in the global energy system. Oil exporters are selling more crude to Asia and less to long-term customers in North America and Europe. As capacity increases, China’s refineries are becoming a growing force in international gasoline, diesel and other fuel markets. This is putting even older plants in other parts of Asia under pressure: Shell announced this month that it will cut the capacity of its Singapore refinery in half. There are parallels to China’s growing dominance of the global steel industry early in this century when China built a clutch out of massive, modern mills. Designed to meet growing domestic demand, they turned China into an export force by pressuring more expensive producers in Europe, North America and other parts of Asia and forcing older, inefficient factories to close. « China will be putting another million barrels a day or more on the table for the next few years, » said Steve Sawyer, refinery director at Facts Global Energy (FGE), in an interview. “China will overtake the U. S.. . probably in the next year or two. “Asia RisingBut, while capacity will increase in China, India and the Middle East, it may take years for oil demand to fully recover from the damage caused by the coronavirus. That will put a few million barrels more refining capacity out of business per day, in addition to a record 1. This year, 7 million barrels of processing capacity per day have been mothballed. More than half of these closings were in the U. . S.. . according to the IEA. About two-thirds of European refineries don’t make enough money from fuel production to cover their costs, said Hedi Grati, director of refining research for Europe-CIS at IHS Markit. Europe needs to further reduce its daily processing capacity 1. 7 million barrels in five years. « There is more to come, » said Sawyer, anticipating another 2 million barrels of refinery capacity to close each day by next year. China’s refining capacity has nearly tripled since the turn of the millennium as it tried to keep up with the rapid growth in diesel and gasoline consumption. The country’s crude oil processing capacity is projected to increase from 17 to 1 billion tons per year or 20 million barrels per day by 2025. According to China National Petroleum Corp. at the end of this year it was 5 million barrels. & Economics Technology Research Institute. India will increase its processing capacity by more than half to 8 million barrels a day by 2025, including a new 1. Mega project with 2 million barrels per day. The producers from the Middle East are contributing to the Spree and are building new units with at least two projects with a total volume of more than a million barrels per day, which are due to go into operation next year. Plastic Driven One of the main drivers of new projects is the growing demand for petrochemicals for the manufacture of plastics. More than half of the refining capacity that will come on stream from 2019 to 2027 will be added in Asia, and 70% to 80% of that will be plastics-oriented, according to industry advisor Wood Mackenzie. The popularity of integrated refineries in Asia is driven by the region’s relatively rapid economic growth rates and the fact that it remains a net importer of raw materials such as naphtha, ethylene and propylene, and liquefied petroleum gas, from which various types of plastics are made. The U. S.. . is a major supplier of naphtha and LPG to Asia. These new massive and integrated facilities make the lives of their smaller competitors more difficult, who lack size, flexibility in switching between fuels, and the ability to process dirtier and cheaper crude oils. According to Alan Gelder, vice president of refining and oil markets at Wood Mackenzie, the closed refineries are typically relatively small, not very refined, and were built in the 1960s. 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S.. . are regulations that push for biofuels. This encouraged some refineries to use their facilities to produce biofuels. Even China could outdo itself. Capacity expansions exceed demand growth. An oversupply of oil products in the country can reach 1. According to CNPC, 4 million barrels a day in 2025. Even if new refineries are built, China’s demand growth could peak by 2025 and then slow down as the country begins its long transition to carbon neutrality. « In an environment where the world already has sufficient refining capacity, if you build more in one part of the world, you will have to shut down something in another part of the world to keep the balance, » said FGE’s Sawyer. « This is the kind of environment we are in right now and we expect to be in at least the next 4 to 5 years. « . For more articles like this, please visit us on Bloomberg. comSubscribe now to stay one step ahead with the most trusted business news source. © 2020 Bloomberg L. . P. .

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DPW Holdings, NYSEAMERICAN: DPW, warehouse, battery charger, power electronics

World News – USA – DPW Holdings’ Coolisys® power electronics business is testing ACECool ™ EV chargers aimed at national speed -Food franchise networks
. . Related title :
DPW Holdings& # 39; Coolisys® Power Electronics Business tests ACECool ™ EV chargers for national fast food . . .
DPW Holdings (DPW) stock rockets at launch of EV Charger Network
DPW Holdings Stock Increases 32% After Targeting Fast Food Franchises
Coolisys targets national fast food franchise networks to test ACECool EV Test chargers
EV chargers for national fast food franchise networks

Ref: https://finance.yahoo.com

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