Rivian Automotive Inc (NASDAQ:RIVN) shares are trading lower in premarket today. The company is reportedly set to face trial over accusations that it prompted former Tesla Inc. (NASDAQ:TSLA) employees to steal trade secrets, according to a preliminary ruling by a California judge. Judge Theodore C. Zayner of the Santa Clara County Superior Court tentatively refused Rivian’s request to dismiss the case, asserting that Tesla had provided sufficient evidence for the case to proceed to trial, reported Reuters. The judge highlighted that some Rivian employees were inadequately investigated and not disciplined, which supports Tesla’s claims. The legal dispute originated in 2020 when Tesla

As the Q2 earnings season approaches, clean tech stocks like Enovix Corp (NASDAQ:ENVX) and ChargePoint Holdings Inc (NYSE:CHPT) are catching the spotlight, navigating a landscape fraught with both opportunities and challenges. According to JPMorgan analyst Bill Peterson, the sentiment among institutional investors is notably cautious, with “elevated short interest pervasive across our coverage universe.” This ambivalence is driven by concerns about company execution and balance sheets, keeping investors on the sidelines until clearer signals emerge. Clean Tech’s Recent Rally: A Temporary Surge? Despite the overall uncertainty, Clean Tech stocks have experienced a notable upswing ov

ON Semiconductor Corporation (NASDAQ:ON) shares are trading higher after the company signed a multi-year agreement with Volkswagen Group (OTC:VLKAF) (OTC:VWAGY) to provide solutions for vehicle lineup across multiple brands. As per the deal, ON Semiconductor will supply a comprehensive power box solution for Volkswagen’s next-generation traction inverter within its Scalable Systems Platform (SSP). onsemi’s EliteSiC M3e MOSFET-based power box offers higher power and efficiency in a compact design, enhancing heat management and extending EV range. Volkswagen Group can seamlessly adopt future EliteSiC platforms, staying at the forefront of EV innovation. Volkswagen Group will benefit f

U.S. solar manufacturers are prodding the Biden administration to toughen the rules on a law that gives a 10% tax credit solar project developers who use materials made in the U.S.A. The administration sought to encourage investment in clean energy and deter reliance on Chinese goods through the 2022 Inflation Reduction Act, which requires that 40% of the cost of a developer’s materials comes from U.S.-manufactured solar products. But the Solar Energy Manufacturers for America Coalition (SEMA) said developers can reach that 40% requirement just by buying U.S.-made mounting racks and inverters, and then purchasing the solar panels overseas, Reuters reported. Also Read: Enphase Energy

As the 2024 U.S. Presidential election approaches, the energy sector stands at a crossroads. Potential shifts in policy could significantly impact both traditional and clean energy markets. According to insights from JPMorgan's Strategic Research team, the outcome of the election between incumbent President Joe Biden and Ex-President Donald Trump could lead to varying scenarios. Each of these scenarios has distinct implications for investors and companies in the sector. 1. Biden Presidency, Split Congress Clean Energy: This scenario is seen as the lowest risk for the clean energy sector. A divided Congress would likely maintain the status quo, making it difficult to roll ba

California is the largest U.S. state by population and was once the largest solar energy producer in the U.S. In a large shake-up, Texas has surpassed California as the largest domestic solar energy producer. The Data: An article from the Financial Times outlined how Texas, which has its own energy grid, has become a “model” for green energy adoption. Texas’ solar grid has grown exponentially in the past five years. In 2019, Texas had just over 2 gigawatts of solar plants compared to California’s 13. In 2024, Texas has 23.6 gigawatts to California’s 21.2. FT acquired the data from Grid Status. According to data from the think tank Ember, Texas generated more power from solar than co

Benchmark analyst David Williams maintained ON Semiconductor Inc (NASDAQ:ON) with a Buy and lowered the price target from $88 to $80. While ON’s results were better than feared, with stabilization in the Auto market and moderate improvement in traditional Industrial, Williams noted that the outlook missed expectations on persistent inventory digestion and a tepid demand environment.  SiC remains the key momentum driver in the near term, with convincingly strong evidence of the firm’s ability to outperform the industry growth by 2x, per the analyst.  Although unit volume remains the wildcard, share gains across existing platforms scheduled for production this year support substantial

ON Semiconductor Corp (NASDAQ: ON) stock reported a fiscal first-quarter 2024 revenue decline of 5% year-on-year to $1.86 billion, beating the consensus of $1.85 billion. The adjusted EPS of $1.08 beat the consensus of $1.04.  Revenue from Power Solutions Group (PSG) grew 2% year over year to $874.2 million, Analog and Mixed-Signal Group (AMG) decreased 6% year over year to $697.0 million, and Intelligent Sensing Group (ISG) fell 18% year over year to $291.5 million. The adjusted gross margin declined by 90 bps to 45.9%, and the adjusted operating margin decreased by 320 bps to 29.0%. ON Semiconductor generated $276.3 million in free cash flow and held $2.61 billion in cash and equi

Joby Aviation, Inc. (NYSE:JOBY) shares are trading lower in the premarket session on Tuesday. The company is reportedly envisioning a futuristic commute – flying above traffic from downtown Manhattan to JFK Airport in under seven minutes, rivaling Uber Technologies, Inc.’s (NYSE:UBER) cost. With $400 million support from Toyota Motor Corporation (NYSE:TM) and $60 million from Delta Air Lines, Inc. (NYSE:DAL), Joby aims to lead in launching air taxis, or eVTOLs, to market, Yahoo Finance reported. “This is as close as we’ve seen, I think, in terms of the technology coming together to make something that you could use on a daily basis,” said Eric Allison, Joby’s chief product officer,

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading slightly lower in the premarket session on Tuesday after closing yesterday’s session with a massive 8% slump. The downturn follows the market buzz of EV behemoth Tesla, Inc. (NASDAQ:TSLA), which is looking to trim its workforce. The job cuts being contemplated would impact tens of thousands of employees. According to Benzinga Pro, RIVN stock has lost over 38% in the past year. Investors can gain exposure to the stock via ALPS Clean Energy ETF (NYSE:ACES) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN). Rivian is set to announce its first-quarter financial results after the market closes on May 7 and wil

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 138 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: December 23, 2022 Record Date: December 27, 2022 Payable Date: December 30, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount Long-Term Capital Gain Per Share Amount     ACTIVELY MANAGED EXCHANGE-TRADED FUNDS       First Trust Exchange-Traded Fund III   FCAL Nasdaq First Trust California Municipal High Income ETF

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 129 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:       September 23, 2022 Record Date:       September 26, 2022 Payable Date:       September 30, 2022 Ticker   Exchange   Fund Name   Frequency     Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS     First Trust Exchange-Traded Fund III FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly     $0.1000 FEMB

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 135 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations:   Expected Ex-Dividend Date:   June 24, 2022   Record Date:   June 27, 2022   Payable Date:   June 30, 2022 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III    FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly   $0.0925 FEMB   N

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded funds (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   June 24, 2021 Record Date:   June 25, 2021 Payable Date:   June 30, 2021   Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0950 FEMB Nasdaq First Trust Emerging Markets Local Curren

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that two of its ETFs based on Nasdaq indexes are celebrating a milestone. The First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ: QQEW) and the First Trust NASDAQ® Clean Edge® Green Energy Index Fund (NASDAQ: QCLN) (collectively, “funds”) each surpassed $1 billion in assets under management (“AUM”) as of 11/30/20. QQEW seeks to replicate as closely as possible (before the fund’s fees and expenses) the price and yield of the NASDAQ-100 Equal Weighted Index℠. QQEW’s equal-weighted methodology seeks to avoid the top-heavy