S&P 500, Nasdaq futures rise with fresh PPI inflation data on deck

🔋 Frontier Power USA Formed - Rise in 30% in Pre-Market

Cerberus Capital Management and Eos Energy Enterprises announced plans to form Frontier Power USA, an independent development and investment company focused on building, owning, and operating long-duration battery energy storage systems across the United States.

The venture aims to deploy American-made zinc-based Z3 energy storage technology at scale using institutional capital and long-term ownership structures.

Frontier Power USA was created to address execution challenges that have slowed long-duration storage deployment, despite growing demand, manufacturing capacity, and proven technology. The company said fragmented ownership, financing complexity, and misaligned incentives have historically limited broader adoption. Globe Newswire reports.?


💾 Penguin Solutions price target raised to $54 from $32 at Rosenblatt, stock surges in premarket

Rosenblatt raised the firm’s price target on Penguin Solutions to $54 from $32 and maintained a Buy rating on the shares after hosting meetings with management.

The analyst said CEO Kash Shaikh’s plan to combine the company’s 40-plus years of memory subsystem experience with AI system software and services to deliver a full platform solution is impressive. TipRanks reports.


🛍️ Alibaba reports continued profit squeeze from spending on AI and instant retail

Alibaba on Wednesday posted a 3% rise in fourth-quarter revenue, but profits were pressured by growing investments in AI and cloud infrastructure, along with continued spending on its quick-commerce business, which focuses on deliveries within 60 minutes.

Adjusted earnings per American Depository Share of 0.62 yuan fell well short of analyst estimates of 5.79 yuan.

U.S.-listed shares of Alibaba were down 2.3% in premarket trading following the results. Yahoo Finance reports.


⚡ Why Nextpower shares are trading higher by over 12%

Shares of Nextpower rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter financial results and raised its FY27 sales guidance.

The company also announced plans to acquire assets of Zigor Corporation's power conversion business and its U.S.-based subsidiary, Apex Power.

Nextpower reported quarterly adjusted earnings of $1.05 per share, beating the Street estimate of 92 cents, according to Benzinga Pro data.

Quarterly revenue came in at $881 million, exceeding the consensus estimate of $827 million.

Nextpower shares jumped 12.5% to $141.00 in pre-market trading. Benzinga reports.


🔩 Copper prices hit record high as AI data center boom fuels global supply crunch, pushing CPER ETF higher

Copper futures climbed to a record high above $6.60 a pound early Wednesday as supply disruptions, tightening inventories, and booming AI-related infrastructure demand fueled a rally in the metal and the United States Copper Index Fund.

The ETF, which tracks copper futures contracts on the COMEX exchange, surged to a new record high of $40.46 on Tuesday.

It has risen 15.7% since the start of the year and nearly 10% over the past month. Benzinga reports.

Time (ET)/ Report/ Period

8:30 AM - Producer price index - April
8:30 AM - Core PPI - April
8:30 AM - PPI year over year - N/A

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Sourced in: Common Sense on Mutual Funds — GoodReads.

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