Yesterday was a big day for hydrogen pure players Plug Power, Bloom Energy and Ballard. Amid general concerns over their corporate customers’ capex plans and cost inflation, they managed to deliver decent quarterly figures (albeit slightly below expectations), allowing investors to look beyond a messy short term and to focus on the long-term growth opportunity…
Many cybersecurity companies, including Fortinet, Cloudflare or Rapid7, reported their quarterly earnings in recent days. While revenue and earnings were overall solid, most companies hinted at increasing deal scrutiny from their corporate customers, lengthening sales cycles and softening growth trends going forward as customers navigate a complex environment and are closely watching their spending amidst…
Identity management specialist Ping Identity (a portfolio company) just announced its acquisition by private equity firm Thoma Bravo for a $2.8 billion enterprise value and a massive 63% premium, marking the sixth multi-billion M&A deal in cybersecurity so far this year. This deal follows the recent SailPoint takeover (also by Thoma Bravo), which was the…
In late June, we argued that a reshaping appeared to be taking place in the sports and energy drink business following the end of the distribution deal between PepsiCo and Bang and reported M&A talks between Monster Beverage and Constellation Brands, a few months after Coca-Cola‘s acquisition of BodyArmor, at a $6.6 billion valuation. We…
In a surprise move, Democratic Senator Joe Manchin, who had walked away from discussions with his own party two weeks ago about the US climate spending package, announced he will support in the Senate a $739 billion package, called the Inflation Reduction Act, aimed at supporting alternative energies and lowering healthcare costs. Even if the overall…
With a market cap that is down more than $2 trillion from peak last year, the cryptocurrency correction is sending shockwaves across the whole ecosystem. Digital asset brokerage Voyager filed for bankruptcy protection earlier this month, after Three Arrows Capital, the crypto hedge fund that saw its AUM go from $10 billion to zero, couldn’t…
Amid the current energy crisis, nuclear power is making a come-back despite ongoing nuclear waste issues. The idea has gained acceptance as nuclear energy is increasingly considered essential for combating climate change, following the International Energy Agency (IEA) and the Intergovernmental Panel on Climate Change (IPCC) incorporating nuclear in their models and estimates for a…
Back in 2020, plant-based foods and beverages were all the rage, growing 45% year-on-year as consumers shifted their eating habits during the pandemic toward natural and organic products that are perceived as healthy. Two years on, it’s a very different story: the industry’s growth momentum has stalled to just 6% in 2021 and further deceleration…
Amid general concerns about the macro and corporate spending outlook, it appears that cybersecurity remains an area of strong growth and resilience, as illustrated by the latest Morgan Stanley survey of Chief Information Officers that found that spending on security software was the least likely to be cut among the whole Tech categories (software and…
Over the last few months, some cloud software vendors have faced an unexpected and counter-intuitive risk: the rising efficiency of cloud computing platforms such as Amazon’s AWS stemming from improved chip performances. Cloud-based data storage company Snowflake notably came under the spotlight. It uses AWS cloud to store and process its customers’ data which are…