NYSE:MEC - New York Stock Exchange, Inc. - US5786051079 - Common Stock - Currency: USD
MEC stock rises on $140.5 million Accu-Fab deal, aiming for margin gains and market expansion in 2025.
Abbott Laboratories (NYSE:ABT) has received FDA approval today for its Tendyne™ transcatheter mitral valve replacement (TMVR) system, the first device of its kind approved in the US to treat mitral valve disease without open-heart surgery. Tendyne is specifically designed for patients who are not suitable candidates for surgical valve repair or replacement. The product perfectly […]
Mayville Engineering Company, Inc. (NYSE:MEC) has reached a definitive agreement to acquire Accu-Fab Inc. from Tide Rock Holdings LLC for $140.5 million. The all-cash transaction will be financed through borrowings under MEC’s existing $250 million syndicated credit facility, supported by Wells Fargo and JPMorgan Chase. Following regulatory approvals and customary closing conditions, the acquisition is […]
The cloud-based supply chain software provider, E2open Parent Holdings, Inc. (NYSE:ETWO), announced on May 25 its agreement to be acquired by the Australian logistics tech company WiseTech Global (ASX:WTC), in an all-cash transaction valued at $2.1 billion. As per the agreement between the two companies, shareholders of E2open Parent Holdings, Inc. (NYSE:ETWO) will receive $3.30 […]
MAIA Biotechnology, Inc. (NYSE:MAIA), a clinical-stage biopharmaceutical company, has announced a private placement agreement to raise approximately $695,000. The company will issue 463,332 shares of common stock at $1.50 per share to accredited investors and a company director, with each share accompanied by a warrant to purchase an additional share at $1.71. The warrants will […]
Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) has suspended dosing in its Danon disease gene therapy trial after a patient developed fatal complications from capillary leak syndrome, which caused a severe drop in blood pressure and led to an acute systemic infection. The FDA placed a formal clinical hold on the trial following the incident. The company is […]
General Motors Company (NYSE:GM) on Tuesday announced plans to invest $888 million in its Tonawanda Propulsion plant to support the production of the sixth generation of V-8 engines used in SUVs and full-size trucks. This will mark the largest single investment made by the company in an engine plant and builds on the strategic investments […]
Space exploration equipment supplier Redwire's (NYSE: RDW) stock defied gravity in the best possible sense on Tuesday. This is the European Space Agency (ESA), whose Comet Interceptor craft will use the device to assist it in its comet-analyzing endeavors. Redwire is not only the company securing delivery of the onboard computer; it is also its developer.
Cryptocurrency adoption is approaching a critical inflection point in 2025, with global user penetration expected to surpass 11% according to Statista projections—up from 7.41% in 2024. This milestone represents far more than a statistical marker; it ...
- Valmark Advisers has added three TOPS portfolios to Lincoln Financial variable life policies. - Conservative, Growth and Aggressive Growth options are now available to policyholders. - The partnership expansion follows five years of collaboration between the companies.
On Tuesday, Harmony Gold Mining Company Ltd. (NYSE:HMY) announced its intent to acquire MAC Copper Ltd. (NYSE:MTAL) in an all-cash deal valued at $1.03 billion. This acquisition aims to increase Harmony Gold’s exposure to copper, which is a vital commodity for the ongoing energy transition. MAC Copper’s primary asset is the CSA Copper Mine, which […]
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Mayville Engineering (MEC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Mayville Engineering (MEC) delivered earnings and revenue surprises of 300% and 2.38%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
Mentions: ASPN
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSE:MEC) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 18.4% year on year to $121.3 million. The company’s full-year revenue guidance of $575 million at the midpoint came in 4.8% below analysts’ estimates. Its non-GAAP loss of $0.07 per share was 13.2% above analysts’ consensus estimates.
Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSE:MEC) will be announcing earnings results tomorrow after market close. Here’s what investors should know.