Morocco stocks lower at close of trade; Moroccan All Shares down 0.04%

Investing.com -- ESS Tech, Inc. (NYSE:GWH) stock dropped 10.4% Thursday after the long-duration energy storage systems manufacturer announced a registered direct offering of approximately $15 million in shares and pre-funded warrants.

The company plans to sell 8,571,428 shares of common stock or pre-funded warrants at $1.75 per share, which represents a premium to the closing price on January 28, 2026. The pre-funded warrants will be priced at $1.74999 with an exercise price of $0.00001 and will be immediately exercisable.

Aegis Capital Corp. is serving as the exclusive placement agent for the offering, which is expected to close around January 30, 2026, subject to customary closing conditions.

ESS Tech intends to use the net proceeds from the offering, along with existing cash, for general corporate purposes and working capital. The company specializes in manufacturing long-duration energy storage systems for commercial and utility-scale applications.

Wilson Sonsini Goodrich & Rosati, P.C. is acting as counsel to ESS Tech, while Kaufman & Canoles, P.C. is serving as counsel to Aegis Capital Corp. for this transaction.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- OpenText Corp (NASDAQ:OTEX) stock fell 5.8% on Thursday after the enterprise software company announced the appointment of Ayman Antoun as its next Chief Executive Officer, effective April 20, 2026.

Antoun, who brings over three decades of technology leadership experience, will succeed James McGourlay, who has been serving as Interim CEO. Antoun most recently served as President of IBM Americas from 2020 to 2023, where he led IBM’s operations across the U.S., Canada, and Latin America.

"The Board is very pleased to welcome Ayman to OpenText, and as we look ahead to the Company’s future, the Board believes that he is the best leader to drive shareholder value by growing revenue in our core Enterprise Information Management for training Agentic AI business," said P. Thomas Jenkins, Executive Chairman and Chief Strategy Officer at OpenText.

Upon Antoun’s transition to CEO, McGourlay will move to a role within the Executive Leadership Team, while Jenkins will return to his position as Chair of the Board after serving as Executive Chair and Chief Strategy Officer.

The appointment follows what the company described as a "thoughtful search process" led by the Board’s CEO Search Committee, which assessed a diverse slate of global candidates. Antoun currently serves as a board member of TD Bank and CAE, and holds a Bachelor of Science in Electrical Engineering from the University of Waterloo.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Carvana (NYSE:CVNA) stock rose 6% Thursday, rebounding after a sharp 14% selloff the previous day that was triggered by a short report from Gotham City Research, as Wall Street analysts came to the company’s defense.

JPMorgan analyst Rajat Gupta disputed key allegations in the short report, noting it contained "an incorrect representation of service income" that overstated certain gaps by "~20x." Gupta pointed out that the report mixed cumulative metrics with annual metrics, leading to "significant misrepresentation of facts."

"We were surprised by the magnitude of CVNA’s share price reaction yesterday, particularly in context of the fairly straightforward math around typical ABS deal economic," Gupta wrote.

The analyst maintained an Overweight rating on Carvana, suggesting the stock’s vulnerability to such headlines indicates "ample re-rating opportunity over time as unconfounded concerns about the business get debunked."

William Blair analyst Sharon Zackfia expressed confidence in Carvana’s consumer appeal, noting it’s already the second-largest seller of used cars in the U.S. She projected the company remains on track to meet its goal of selling 3 million used cars in the nearer end of its 4-to-9-year target, implying potential unit sales growth of up to 40%.

BTIG analyst Marvin Fong, who maintains a Buy rating with a $535 price target, disputed several allegations in the short report. "We disagree with the DriveTime leverage calculation... the servicing fee calculation... the write-down logic... [and] with using CFO as a P&L measure," Fong wrote.

The short report had focused on Carvana’s relationship with DriveTime, a company owned by the father of Carvana’s CEO.

Investing.com -- Olenox Industries Inc (NASDAQ:OLOX) stock fell 6.2% on Thursday after the company announced plans to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC from Vivakor, Inc. (OTC:VIVK).

The transaction is valued at approximately $36 million and will be paid through a combination of cash, promissory note, common and preferred stock. The deal is based on $4.56 million in annual EBITDA, according to a take-or-pay guarantee from Vivakor.

CPE Gathering operates the Omega system, an on-basin midstream platform providing crude gathering, transportation, terminaling, and pipeline connectivity services in the STACK region of Oklahoma. The system is designed to generate fee-based cash flows while reducing costs for producers.

"Integrated midstream platforms like CPE Gathering generate durable, fee-based cash flows and provide critical infrastructure in established producing basins," said Michael McLaren, Chief Executive Officer of Olenox. "The proposed acquisition of Vivakor’s Oklahoma midstream business would expand our presence in the STACK while positioning these assets for continued development under an integrated operating model."

The company stated that the acquisition would complement its acquire-and-integrate strategy by expanding its addressable market for services and increasing fee-based, predictable revenue through integrated gathering and terminaling, thereby reducing exposure to commodity volatility.

Despite management’s optimism about the strategic benefits, investors appeared concerned about the acquisition costs and integration challenges, as reflected in the stock’s decline.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Satellogic Inc. (NASDAQ:SATL) stock gained 4.8% Thursday after the geospatial company announced an extension of its satellite monitoring agreement with the Government of Albania.

The 11-month contract extension builds on a previously signed three-year agreement that provided Albania with dedicated satellite capacity. Under the extended agreement, Albanian government agencies will continue to receive frequent, high-resolution imagery covering the country’s entire territory.

The extension allows Albania to maintain continuous oversight rather than relying on reactive, event-driven satellite tasking. With dedicated access to Satellogic’s fleet, the country can continuously detect changes and identify anomalies across various applications including illegal construction monitoring, deforestation tracking, natural resource management, and emergency response.

"We are excited to continue our partnership with Albania as they prioritize national-scale monitoring," said Jeff Kerridge, SVP of Global Sales at Satellogic. "National governments require continuous oversight, not occasional snapshots. This extension proves that persistent monitoring is now both operationally necessary and economically viable, ensuring no critical change goes unseen."

The company’s vertically integrated NewSat constellation provides 50 cm resolution imagery, enabling persistent monitoring across Albania’s territory. This approach represents a shift toward continuous Earth intelligence coverage for entire countries rather than limited geographic areas.

Satellogic, which trades on the Nasdaq, specializes in high-resolution Earth Observation technology delivered at scale.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.