5 big analyst AI moves: Apple lifted to Buy, AI chip bets reassessed
Flex Ltd stock, with a market capitalization of $22.38 billion, reached a significant milestone as it hit an all-time high of 59.76 USD. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value. This marks a notable achievement for the company, reflecting strong investor confidence and robust business performance. Over the past year, Flex Ltd has experienced a remarkable 75.49% increase in its stock price, supported by annual revenue of $26.07 billion and a P/E ratio of 25.94. This impressive one-year change highlights the company’s ability to navigate market challenges and capitalize on opportunities, reinforcing its position as a key player in its industry. InvestingPro subscribers have access to 12 additional key insights about Flex Ltd, including detailed analysis of its financial health and growth prospects.
In other recent news, Flex Ltd. introduced its Modular Rack-Level Cooling Distribution Unit, developed by JetCool, to address the increasing computational demands in data centers. This new system offers scalable cooling capacity, ranging from 600 kilowatts to 1.8 megawatts, allowing data center operators to adjust the number of units per rack based on evolving needs. Flex also filed a prospectus supplement with the SEC, which included a legal opinion regarding the shares covered by the prospectus. Additionally, Flex entered a five-year warrant agreement with Amazon, with vesting tied to qualifying purchases, signaling a potential long-term partnership.
Meanwhile, Nextracker Inc. acquired Origami Solar for approximately $53 million, marking its entry into the solar panel frame market with a focus on steel frames. Nextracker also launched the NX PowerMerge trunk connector, a new DC power component designed to enhance the reliability of solar power plant installations. These developments reflect Nextracker’s ongoing expansion in the solar energy sector.
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