Coreshell Raises $24M To Commercialize the Lowest-Cost and Domestically-Sourced Lithium-Ion Battery Anode
Funding Announcement: Coreshell has secured $24 million in strategic funding to scale production of its 60 Ah battery cells made from domestically-sourced metallurgical silicon, with plans to deliver commercial samples to global automakers by 2025.
Technological Advancements: The company’s innovative battery technology promises a 30-40% increase in energy density compared to traditional graphite-based batteries, while also reducing costs and enhancing supply chain resilience.
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Ferroglobe (NASDAQ:GSM) Confirms Dividend Payment of $0.014
Dividend Announcement: Ferroglobe PLC will pay a dividend of $0.014 on December 29, representing an annual yield of 1.4%, which is below the industry average.
Cash Flow and Profitability: Despite not generating a profit, Ferroglobe's free cash flows cover the dividend, and the forecasted EPS growth of 118.9% suggests a potential for improved sustainability of the dividend.
Dividend History Concerns: The company's dividend history shows instability, with a significant decline of approximately 83% over the past decade, raising concerns about future payments.
Investment Considerations: While the current dividend is covered by cash flows, the lack of stability and growth potential makes Ferroglobe less attractive as an income stock, highlighting the importance of evaluating other factors beyond dividends.
Ferroglobe announces a dividend of $0.014
Dividend Announcement: Ferroglobe (GSM) has declared a quarterly dividend of $0.014 per share, with a forward yield of 1.46%.
Payment Details: The dividend is payable on December 29, with shareholders of record on December 22, and the ex-dividend date also on December 22.
