Green Equity - August 13, 2024
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
Oklo Inc. (OKLO), a nuclear reactor development company, has signed a Preferred Supplier Agreement with Siemens Energy for the power conversion system of its Aurora powerhouse. This agreement builds on a prior Memorandum of Understanding and is a key step in Oklo’s efforts to scale production, enhance cost efficiency, and accelerate deployment to meet growing customer demand. Siemens Energy will provide standardized steam turbine and generator technology, expected to reduce manufacturing and maintenance costs, while improving operational reliability.
LiqTech International (LIQT), a company specializing in advanced filtration technologies, has received NSF certification for its Aqua Solution swimming pool water filtration systems, enabling them to enter the U.S. market. This certification marks a key milestone for LiqTech as they expand their market reach beyond Europe and Asia Pacific, where they already have over 120 installations.
Beam Global (BEEM) has successfully completed its first European deployment of solar-powered EV charging systems for the UK Ministry of Defence (MOD) at British Sovereign Bases in Cyprus. The EV ARC™ systems will provide clean, off-grid charging for electric vehicles and auxiliary power for critical MOD equipment, supporting the UK's goal of achieving a fully zero-emission fleet by 2027. The deployment is part of a $1 million order from the UK MOD, with additional units to be delivered in the coming months.
Price Targets & Reports
Ballard Power Systems (BLDP) recently received a downgrade from CIBC Capital Markets. CIBC analyst Krista Friesen downgraded Ballard’s shares to “underperformer,” while slashing her price target from $3.50 to $1.60.
New Public Listings
Bolt Threads, a leader in sustainable biomaterials for consumer products, has completed its business combination with Golden Arrow Merger Corp. Following the merger, the newly formed company, Bolt Projects Holdings, will begin trading on the Nasdaq under the symbol "BSLK" starting August 14, 2024. This transaction aims to accelerate Bolt Threads' mission to scale its innovative biomaterials platform, focusing initially on the beauty and personal care sectors.