MarketCatalystOura shelved its up-to-$2.2 billion Nasdaq listing despite an order book running roughly four times oversubscribed, becoming the third company this month to delay a U.S. IPO as jittery markets rattle the fall listing calendar.
RBC Capital kept its Buy-equivalent rating and $335 target on Bloom Energy after the company leased added Fremont manufacturing space, which RBC calls a sign of strong demand for the fuel-cell maker's pipeline.
Navitas Semiconductor won the U.S. Army's ALATTIS program to develop 10 kV silicon-carbide IGBTs and a domestic manufacturing process, extending its GeneSiC portfolio beyond its current 650 V to 6.5 kV range.
Stifel kept its Buy rating and $465 target on MongoDB after the CEO-exit selloff, citing limited near-term downside but flagging the leadership transition and PostgreSQL competition as risks to a quick recovery.
A U.S. official says talks with Iran continue through intermediaries and that Trump is open to easing sanctions for nuclear progress, but that no deal is possible without addressing the nuclear issue. Washington also voices doubts over Iran's promises.
Nvidia raised its buyback authorization by $150 billion to $235 billion, the largest increase in history by its own account. Separately, Bank of America named Nvidia and four other buy-rated stocks it sees as attractive on weakness.