Splash Beverage stock falls after entering hemp-based THC beverage joint venture

Investing.com -- Spanish utility giant Iberdrola has launched a cash tender offer to acquire the remaining 16.2% of shares in Brazilian energy company Neoenergia that it doesn’t already own, with the aim of delisting the company from the Brazilian stock exchange.

The offer, submitted Monday to Brazil’s securities regulator (CVM), will price shares at BRL32.5 each - the same amount Iberdrola paid to Previ in its recent 30.3% stake acquisition that closed on October 31. The final price will include interest accrued at the SELIC rate between October 31 and the settlement date, minus any dividends declared after October 31.

Iberdrola estimates the total value of the offer at approximately BRL6.4 billion (EUR1.03 billion), before SELIC rate adjustments and assuming no dividend payments, based on an exchange rate of 6.1879 EURBRL.

The company stated that this transaction will not affect its 2026-2028 capital expenditure plan of around EUR58 billion, nor will it require accelerating its asset rotation plan. Iberdrola’s leverage metrics will remain strong with funds from operations to net debt ratio staying above 26%.

The delisting process is expected to take five to six months to complete. For successful delisting, the offer requires 90% shareholder acceptance, while a potential squeeze-out would need 95% acceptance. Iberdrola has maintained the option to withdraw the offer if these conditions are not met.

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

Investing.com – Indonesia stocks were lower after the close on Tuesday, as losses in the Agriculture, Basic Industry and Property sectors led shares lower.

At the close in Jakarta, the IDX Composite Index fell 0.64%.

The best performers of the session on the IDX Composite Index were Semacom Integrated Tbk PT (JK:SEMA), which rose 34.62% or 36.00 points to trade at 140.00 at the close. Meanwhile, Bank Dinar Indonesia Tbk (JK:DNAR) added 34.31% or 47.00 points to end at 184.00 and Hetzer Medical Indonesia Tbk PT (JK:MEDS) was up 33.85% or 22.00 points to 87.00 in late trade.

The worst performers of the session were Satria Mega Kencana Tbk PT (JK:SOTS), which fell 14.94% or 72.00 points to trade at 410.00 at the close. Puri Global Sukses Tbk Pt (JK:PURI) declined 14.62% or 62.00 points to end at 362.00 and Megapower Makmur TBK PT (JK:MPOW) was down 11.03% or 15.00 points to 121.00.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 418 to 267 and 165 ended unchanged.

Shares in Semacom Integrated Tbk PT (JK:SEMA) rose to 52-week highs; gaining 34.62% or 36.00 to 140.00. Shares in Bank Dinar Indonesia Tbk (JK:DNAR) rose to 3-years highs; gaining 34.31% or 47.00 to 184.00. Shares in Hetzer Medical Indonesia Tbk PT (JK:MEDS) rose to 52-week highs; gaining 33.85% or 22.00 to 87.00.

Crude oil for January delivery was down 0.58% or 0.34 to $58.58 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.51% or 0.32 to hit $62.40 a barrel, while the February Gold Futures contract fell 0.17% or 7.25 to trade at $4,162.75 a troy ounce.

USD/IDR was up 0.04% to 16,651.30, while AUD/IDR fell 0.30% to 10,752.37.

The US Dollar Index Futures was unchanged 0.00% at 100.07.

Investing.com – U.S. stocks were higher after the close on Monday, as gains in the Technology, Consumer Goods and Utilities sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 0.44%, while the S&P 500 index climbed 1.55%, and the NASDAQ Composite index climbed 2.69%.

The best performers of the session on the Dow Jones Industrial Average were Merck & Company Inc (NYSE:MRK), which rose 2.70% or 2.64 points to trade at 100.40 at the close. Meanwhile, Amazon.com Inc (NASDAQ:AMZN) added 2.44% or 5.38 points to end at 226.07 and International Business Machines (NYSE:IBM) was up 2.25% or 6.70 points to 304.14 in late trade.

The worst performers of the session were Procter & Gamble Company (NYSE:PG), which fell 2.61% or 3.94 points to trade at 146.98 at the close. Verizon Communications Inc (NYSE:VZ) declined 2.47% or 1.02 points to end at 40.21 and Walt Disney Company (NYSE:DIS) was down 2.25% or 2.35 points to 101.94.

The top performers on the S&P 500 were Broadcom Inc (NASDAQ:AVGO) which rose 11.10% to 377.96, Western Digital Corporation (NASDAQ:WDC) which was up 8.43% to settle at 150.93 and Micron Technology Inc (NASDAQ:MU) which gained 7.99% to close at 223.93.

The worst performers were Carnival Corporation (NYSE:CCL) which was down 6.78% to 24.76 in late trade, Paramount Skydance Corp (NASDAQ:PSKY) which lost 5.22% to settle at 15.06 and Copart Inc (NASDAQ:CPRT) which was down 4.47% to 38.91 at the close.

The top performers on the NASDAQ Composite were Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) which rose 8,103.58% to 11.93, Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) which was up 108.26% to settle at 2.52 and Pasithea Therapeutics Corp (NASDAQ:KTTA) which gained 48.53% to close at 0.43.

The worst performers were Clearside Biomedical Inc (NASDAQ:CLSD) which was down 66.92% to 0.90 in late trade, Twin Hospitality Group Inc (NASDAQ:TWNP) which lost 39.44% to settle at 2.15 and Mobilehealth Network Solutions (NASDAQ:MNDR) which was down 38.53% to 2.92 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1721 to 1034 and 82 ended unchanged; on the Nasdaq Stock Exchange, 2194 rose and 1181 declined, while 153 ended unchanged.

Shares in Copart Inc (NASDAQ:CPRT) fell to 52-week lows; falling 4.47% or 1.82 to 38.91. Shares in Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) rose to 3-years lows; gaining 8,103.58% or 11.78 to 11.93. Shares in Clearside Biomedical Inc (NASDAQ:CLSD) fell to all time lows; losing 66.92% or 1.82 to 0.90. Shares in Twin Hospitality Group Inc (NASDAQ:TWNP) fell to all time lows; losing 39.44% or 1.40 to 2.15.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 12.46% to 20.51.

Gold Futures for February delivery was up 1.21% or 49.70 to $4,165.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 2.02% or 1.17 to hit $58.98 a barrel, while the February Brent oil contract rose 1.42% or 0.88 to trade at $62.82 a barrel.

EUR/USD was unchanged 0.06% to 1.15, while USD/JPY rose 0.33% to 156.90.

The US Dollar Index Futures was up 0.01% at 100.12.

Investing.com -- Moody’s Ratings has changed CVR Energy’s outlook to stable from negative while affirming its B2 Corporate Family Rating, the ratings agency announced Monday.

The ratings firm also affirmed the company’s B2-PD Probability of Default Rating and B3 rating on its senior unsecured notes. Additionally, CVR CHC, LP’s Ba3 senior secured term loan rating was affirmed, while CVR Energy’s Speculative Grade Liquidity rating was upgraded to SGL-2 from SGL-3.

Jonathan Teitel, a Moody’s Vice President, explained that the outlook revision reflects benefits to CVR Energy’s financial profile from improved market conditions and refining margins. The company is expected to generate positive free cash flow supporting continued debt reduction in 2026, with a sizable cash balance enhancing liquidity.

The stable outlook indicates Moody’s expectation that the company will maintain supportive credit metrics under improved market conditions while prioritizing debt reduction and maintaining good liquidity.

CVR Energy’s B2 rating reflects its high debt levels, modest scale, and geographic concentration. The company’s debt capacity is primarily supported by its refining operations, which are subject to sector volatility. CVR Energy owns the general partner and 37% of the common units of CVR Partners, LP, from which it receives periodic distributions.

The company completed a turnaround at its Coffeyville refinery in 2025 with no planned turnarounds in 2026. The next planned turnaround at its Wynnewood refinery is scheduled for 2027. CVR Energy’s dividend is currently suspended to preserve cash.

As of September 30, 2025, CVR Energy had $514 million in cash, excluding $156 million at CVR Partners. The refining business had $316 million available under its undrawn $345 million ABL revolving credit facility maturing in June 2027, with $25 million in outstanding letters of credit.

Factors that could lead to a ratings upgrade include positive free cash flow, improving liquidity, debt reduction, and sustaining debt/EBITDA for the refining business below 4x. Conversely, factors that could trigger a downgrade include EBITDA/interest below 1.5x, weakening liquidity, or debt-funded distributions or acquisitions.

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

Investing.com – Brazil stocks were higher after the close on Monday, as gains in the Real Estate, Electric Power and Public Utilities sectors led shares higher.

At the close in Sao Paulo, the Bovespa gained 0.28%.

The best performers of the session on the Bovespa were MRV Engenharia e Participacoes SA (BVMF:MRVE3), which rose 4.65% or 0.39 points to trade at 8.77 at the close. Meanwhile, Sendas Distribuidora SA (BVMF:ASAI3) added 3.77% or 0.34 points to end at 9.35 and Magazine Luiza SA (BVMF:MGLU3) was up 3.43% or 0.33 points to 9.96 in late trade.

The worst performers of the session were CSN Mineracao SA (BVMF:CMIN3), which fell 5.72% or 0.32 points to trade at 5.27 at the close. Cvc Brasil ON (BVMF:CVCB3) declined 4.92% or 0.09 points to end at 1.74 and Raizen SA Preferred (BVMF:RAIZ4) was down 1.20% or 0.01 points to 0.82.

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 504 to 423 and 47 ended unchanged.

Shares in MRV Engenharia e Participacoes SA (BVMF:MRVE3) rose to 52-week highs; gaining 4.65% or 0.39 to 8.77. Shares in Raizen SA Preferred (BVMF:RAIZ4) fell to all time lows; losing 1.20% or 0.01 to 0.82.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 6.44% to 31.26.

Gold Futures for February delivery was up 1.06% or 43.75 to $4,159.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.95% or 1.13 to hit $58.94 a barrel, while the March US coffee C contract rose 2.21% or 8.15 to trade at $377.60 .

USD/BRL was down 0.20% to 5.39, while EUR/BRL fell 0.09% to 6.22.

The US Dollar Index Futures was down 0.01% at 100.10.

Investing.com -- KULR Technology Group Inc (NYSE American:KULR) stock rose 4.6% on Monday after the company announced it is developing a next-generation 400V battery system for a Counter-UAS Directed Energy System.

The company said it delivered a complete design package and prototype in just five weeks after receiving the purchase order. The system is scheduled to enter production in 2026.

KULR leveraged its experience in mission-critical battery design to create a battery capable of meeting the power requirements of advanced energy weapon platforms. The company utilized model-based electrical and thermal simulations, a proprietary cell selection process, and design-for-safety architecture in the development process.

"KULR is expanding its KULR ONE Guardian (K1G) platform with enhanced solutions engineered specifically for defense applications requiring the rigorous performance standards of MIL-STD-810H," said Peter Hughes, VP of Engineering at KULR Technology Group.

The directed energy weapons market is projected to grow from approximately $7.9 billion to $39.9 billion over the next decade, representing a 17.6% CAGR. This growth is driven by increasing global defense budgets and the need for advanced countermeasures against missiles and drones.

KULR’s engineering approach focuses on modular design principles, advanced modeling, and rapid prototyping workflows that allow simultaneous progress across multiple domains. The company manufactures these systems at its Webster, Texas facility.

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