RELL News & Events

Richardson Electronics announced a new global strategic partnership with NoMIS Power. Through this collaboration, Richardson Electronics will expand its portfolio of next-generation power solutions by leveraging NoMIS Power's rugged, reliable, and customizable SiC technologies. The partnership adds targeted capabilities across 1.2 kV to 10 kV, with particular emphasis on medium-voltage and high-voltage SiC solutions at 3.3 kV and above for demanding power conversion applications.

Richardson Electronics announced a new technology partnership with Gotion to bring large-scale battery energy storage systems to the multi-billion dollar U.S. market. The collaboration brings together two Illinois-based companies, Richardson Electronics in LaFox, Illinois, and Gotion Illinois' battery manufacturing facility in Manteno, Illinois, to meet the rapidly growing demand for energy storage across commercial and industrial and utility-scale applications. Through this partnership, Richardson Electronics and Gotion will introduce two advanced BESS platforms: a 760-kWh system designed for C&I energy storage applications and a 5 MWh system engineered to support large-scale utility deployments. These systems will support projects ranging from customized C&I installations to large-scale utility projects in the hundreds of megawatts. Manufactured and assembled in Manteno, Illinois, the new battery energy storage solutions will help customers manage rising electricity costs while providing greater control over energy usage and improving grid resilience. The collaboration also aligns with the continued growth of battery storage in Illinois following the rollout of the Illinois Climate Resilience and Grid Advancement program, which provides rebates of up to $250 per kWh for standalone battery energy storage systems. Under the agreement, Gotion will provide advanced battery technology produced at Gotion's Illinois manufacturing hub in Manteno, Illinois, while Richardson Electronics will leverage its extensive experience in the U.S. energy market to support commercialization, engineering integration, and go-to-market strategy.

After one of the strongest rallies of the year, futures are modestly lower. Markets are pausing and giving back part of yesterday's surge after the initial euphoria around the ceasefire. The two-week ceasefire between the U.S. and Iran remains intact on paper, but cracks are already emerging. Ongoing military activity in Lebanon, disputes over compliance and continued restrictions in the Strait of Hormuz are all raising doubts.Crude is rebounding back toward the $100 level following yesterday's collapse as traders price in the risk that supply disruptions persist. Energy stocks are stabilizing and bond yields are ticking higher again as rate-cut expectations get pushed out. Markets are now pricing a much lower probability of easing this year, with some Fed officials even signaling openness to hikes if inflation proves sticky.In pre-market trading, S&P 500 futures fell 0.24%, Nasdaq futures fell 0.13% and Dow futures fell 0.31%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -CoreWeaveup 2% after announcing an expanded, long-term agreement with Meta Platformsto provide AI cloud capacity through December 2032 for approximately $21BTexas Instrumentsup 1% after Stifel upgraded the stock to Buy with a price target of $250, up from $215UP AFTER EARNINGS -Staar Surgicalup 19%Richardson Electronicsup 15%Resources Connectionup 9%BlackBerryup 8%DOWN AFTER EARNINGS -Simply Good Foodsdown 22%Applied Digitaldown 2%LOWER -Zscalerdown 3% after BTIG downgraded the stock to Neutral with no price target and removed the stock from the firm's first half Top Picks listTradeweb Marketsdown 1% after TD Cowen downgraded shares to Hold with a price target of $129, down from $130Conagra Brandsdown 1% after BNP Paribas downgraded shares to Neutral with a price target of $16, down from $19