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July 1st, 2024 | 07:15 CEST

Palantir, Power Nickel, Meyer Burger - Top News Triggers Share Price Explosion

  • Mining
  • Nickel
  • Commodities
  • Software
  • Technology
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Investors are becoming more cautious about the major indices, and the danger of a correction on the DAX, Dow Jones, and Nasdaq has not yet been averted. While trading on the main stock exchanges was quiet, some promising second-tier stocks were in the spotlight. Due to outstanding news, Power Nickel, in particular, recorded a three-month performance of around 300%. It is unlikely that this is the end of the story, especially following the entry of some major players from the commodities sector.

time to read: 3 minutes | Author: Stefan Feulner
ISIN: PALANTIR TECHNOLOGIES INC | US69608A1088 , Power Nickel Inc. | CA7393011092 , MEYER BUR.TECH.NAM.SF-_05 | CH0108503795

Table of contents:

    Meyer Burger - US raises hopes

    The long-suffering shareholders of the solar module manufacturer from Thun in Switzerland were able to enjoy a price performance of around 50% in the past trading week. The share, which has been in reverse gear since February 2023 and has fallen by around 97% since the beginning of February 2023 to a low of CHF 0.0073, managed to establish itself above the CHF 0.01 mark over the course of the week.

    So, there is renewed hope. The reason for this "price rally" was a report that the Swiss company had begun ramping up the solar module production in Goodyear, Arizona. The solar cells required for module production have been manufactured at the German site in Thalheim for some time and will be delivered to the new US plant. The financing of production has not yet been fully clarified. However, according to a press release, Meyer Burger is currently in promising negotiations with a major US bank. A conclusion and the subsequent disbursement should then take place in the middle of the third quarter. In addition, the final application for the loan from the US Department of Energy to finance the solar cell plant in Colorado Springs has been submitted and is in the review phase.

    Furthermore, a trade agreement with a leading industrial and technology group from the US was negotiated, and a term sheet regarding a potential investment in Meyer Burger was exchanged. This planned strategic cooperation will enable Meyer Burger to produce solar modules in the US with increasingly higher proportions of local components.

    Shareholders approved the plan for a 750:1 reverse stock split in order to increase the value of the Swiss company's shares. Friday, June 28, is said to have been the last trading day on the SIX for the old shares. The new shares can then be traded from today under ISIN: CH1357065999.

    Power Nickel - Excellent development

    A few months ago, the junior exploration company from Quebec was only known to die-hard industry insiders. But since April of this year, the situation has changed dramatically. The reason for this was the outstanding drilling results from the flagship Nisk project, Canada's first carbon-neutral nickel mine. In addition to the expected nickel, platinum, and palladium deposits, high-grade quantities of gold, silver, and copper were also detected, which means that the Canadians are focusing on the further development of the project into a polymetallic mine.

    On the one hand, this has led to Power Nickel being one of the most traded shares on the TSX Venture Exchange for weeks. On the other hand, the Company attracted first-class investors due to the strong news flow. In addition to industry veterans Robert Friedland and Rob McEwen, other leading industry investors such as CVMR Inc. and Terra Capital were acquired as shareholders in the oversubscribed flow-through financing, which raised over CAD 20 million in gross proceeds, with the transaction closing at a price of CAD 1.25.

    That the stock price, after a 300% performance increase to the current CAD 0.82, is unlikely to stop is shown by the plans that the industrious company leader Terry Lynch has in his pocket. You can read the details in an interview held a few days ago here.

    Palantir - So close to space

    In line with the announcement by the data analysis company from Denver, Colorado, the stock could soon soar to new heights. At USD 25.33, the share is only marginally below the annual high of USD 27.50 reached in March. If this hurdle is overcome on a sustained basis, the gateway to the all-time high of USD 45.00 would be wide open.

    Fundamentally, the AI company is continuing to expand its activities. In addition to increasing orders from the defense sector, Palantir announced a significant cooperation in the space sector. Voyager Space, a global leader in space exploration, announced a strategic partnership with Palantir.

    Expanding on the Memorandum of Understanding announced earlier this year, Voyager will now fully integrate Palantir's AI capabilities into its defense solutions, benefiting from its extensive experience in providing Department of Defense solutions. This collaboration enhances communications, military R&D, intelligence, and space exploration, making space more accessible to the defense community and vice versa.

    Voyager will use Palantir Foundry and the AIP artificial intelligence platform to improve its in-house payload management system for International Space Station (ISS) customers and the future Starlab commercial space station.

    However, analysts remain skeptical about the controversial data company. Among 19 experts surveyed on Reuters Refinitiv, the average price target is USD 21.45.

    Meyer Burger was able to halt its decline with the potential start of solar module production in the US. Palantir announced a far-reaching cooperation that will open the way to the space sector. The latest discoveries enabled Power Nickel to attract several established mining investors for a capital increase.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

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    Der Autor

    Stefan Feulner

    The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
    He is passionate about analyzing a wide variety of business models and investigating new trends.

    About the author

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