Streetbeat News

CNTM

ConnectM Technology Solutions, Inc.

Industry

Software - Application

ConnectM Technology Solutions, Inc., a technology company, focuses on advancing the electrification economy by integrating electrified energy assets with its AI-driven technology solutions platform. It provides residential and light commercial buildings, and all-electric original equipment manufacturers with a platform to accelerate the transition to solar and all-electric heating, cooling, and transportation. The company was incorporated in 2021 and is headquartered in Marlborough, Massachusetts.

Open

1.24

Mkt cap

22M

Volume

686K

High

1.24

P/E Ratio

-3.71

52-wk high

12.47

Low

0.91

Div yield

N/A

52-wk low

0.67

The article reports on the after-market movements of various industrial stocks on Tuesday. OceanPal, Aqua Metals, ConnectM Technology, Safe Pro Group, PS International Group, and Innodata saw gains, while AgEagle Aerial Systems, Resources Connection, LiqTech International, New Horizon Aircraft, Microvast Holdings, and Roma Green Finance experienced declines.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 8:31 pm

ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) has entered a Master Services Agreement with Devlin Energy, expected to add over $20 million in revenue in the next year. The agreement includes an option for ConnectM to acquire Devlin Energy, contingent on meeting specific financial targets.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:35 pm

Several industrial stocks experienced significant price movements during Thursday's after-market session. Notable gainers included Multi Ways Holdings, ShiftPixy, and Addentax Group, while Nuburu, Resideo Technologies, and Armlogi Holding were among the losers. Armlogi Holding's decline coincided with the release of its Q4 earnings.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 8:31 pm

ConnectM Technologies has completed a $6.2 million debt-to-equity conversion, eliminating $13.7 million in total debt and reducing net interest expenses by over $2 million. This financial restructuring has positively impacted the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:23 pm

ConnectM has completed a $6.2 million debt-to-equity conversion, eliminating a total of $13.7 million in debt and reducing annual interest expenses by over $2 million. This move is expected to enhance free cash flow and support growth.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:35 pm

Telesis Bio shares surged 109.9% in pre-market trading after announcing a partnership with Beckman Coulter Life Sciences to enhance DNA and mRNA synthesis. Other notable pre-market movers include Micron Technology, which rose 15.5% following strong Q4 results, and Kintara Therapeutics, up 41.8% after adjourning a stockholder meeting.

Portfolio Pulse from Avi Kapoor

September 26, 2024 | 10:31 am

Several industrial stocks experienced significant price movements during Wednesday's intraday session. Notable gainers included KULR Tech, Momentus, and Rocket Lab USA, while BlackSky Technology and Expion360 were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 2:42 pm

ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) has successfully converted $7.5 million of its debt into equity, reducing its annual interest expense by $1.8 million. This move is part of a larger plan to convert up to $15 million of debt, aiming to improve the company's balance sheet and increase shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:32 pm

Oracle shares surged by 8.8% in pre-market trading after reporting better-than-expected earnings and sales for Q1. Additionally, Oracle and Amazon's AWS launched Oracle Database@AWS, enhancing Oracle's cloud offerings. Other stocks like Silexion Therapeutics and Quoin Pharmaceuticals also saw significant pre-market movements.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 10:41 am

Insider buying activity was noted in three penny stocks: Neuronetics, ConnectM Technology Solutions, and Retractable Technologies. Despite recent financial challenges, executives are purchasing shares, indicating potential confidence in their companies' futures.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 1:13 pm

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