An analyst hit First Solar ( FSLR ) with a downgrade Tuesday but also upped his price target, saying business at the company is at its best ever. FSLR stock sank. Evercore ISI analyst Sean Morgan downgraded First Solar from outperform to in-line, with his price target raised to 157, from 150. FSLR stock dropped 5% to 158.85 during morning trading on the stock market today . Business at First Solar has rallied thanks to the Inflation Reduction Act, Morgan said. He added that the act has renewed investor sentiment toward the solar industry. "First Solar has been the major beneficiary of the Inflation Reduction Act and has outperformed our residential solar installer coverage by a wide margin since July 2022," Morgan wrote in a note to clients. FSLR Stock: $369 Billion For Renewable Energy Morgan went on to say: "However, with the capacity for First Solar largely sold out through 2025-2026, and current manufacturing volume expansion already factored into our model, we are beginning to see the benefits of the (inflation act) and its (production tax credit) provisions being largely reflected in the current FSLR share price." President Joe Biden signed the Inflation Reduction Act into law last […]

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Global business service (GBS) centers were originally structured around economies of scale through … [+] getty To ensure access to skilled workers during the past few years of the global labor shortage, one strategy many companies used was to build or expand their existing global business service (GBS) centers (shared services organizations). But the GBS journey now faces the need to rethink its foundational assumptions and subsequently make significant change. Mindset Around The Starting Point For most companies that build GBS organizations, their initial mindset focused on improving efficiency. How could they save money and reduce their overall cost to serve? As they mature, they focus on impacting their parent organizations in other ways than cost reduction. Digital transformation and ongoing investments in technology also matured. Consequently, GBS organizations now seek to take value creation to a new level. Thus, a new operating model is becoming apparent. At the heart of this shift in vision and approach is the realization that operations and technology are now far more intimate with each other and that the pace of change for both operations and the tech stacks that serve them is increasing. The Case For Change Many sophisticated global companies are […]

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For many of today’s global enterprises, it’s a struggle to adapt quickly to emerging challenges. With supply chain issues and the impending recession, digital transformation remains a pressing strategic imperative. However, key digital transformation milestones remain out of reach for far too many teams. To make real strides in each of these areas, Value Stream Management (VSM) has emerged as an urgent demand. Earlier this year, Broadcom commissioned extensive industry research to learn how VSM adoption is evolving and which key trends are emerging in 2023. Conducted by Dimensional Research, this survey polled more than 500 IT and business leaders. Respondents came from five continents and represented a wide range of industries. The findings from this survey are now available in a report entitled “ 2023 Value Stream Management Trends .” We’ll offer critical insights from this report in the following sections. #1. Enterprise leaders are more focused on the customer than ever When asked about their top strategic business focus for 2023, 58% of respondents cited “increasing customer value,” the highest-rated response. This objective was ranked third in a similar survey conducted the previous year. The report’s authors state, “It now seems companies are shifting focus from rushing […]

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European Investment Bank backs USD 150 million Middle East venture capital initiative to accelerate digital transformation and create 8,000 tech jobs • Middle East Venture Fund IV builds on 12 years of high-impact investment • New fund to enable local high-growth companies to expand e-commerce, education technology and healthcare opportunities highlighted by COVID-19 • EIB confirms USD 27 million anchor investment to enhance economic resilience and strengthen skills in Egypt, Lebanon, Jordan and Pakistan, largest ever in region The European Investment Bank, through its new dedicated development finance arm EIB Global, will provide USD 27 million participation in the USD 150 million Middle East Venture Fund IV. The new venture capital fund launched by Middle East Venture Partners (MEVP) will increase targeted equity investment in high-growth e-commerce, health and education technology companies across the Middle East and Pakistan. “The European Investment Bank has unique global experience of ensuring that entrepreneurs and growth companies access finance. We welcome EIB Global’s USD 27 million anchor investment in the USD 150 million Middle East Venture Fund IV that will ensure that growth companies across the Middle East can grow, harness new business opportunities and create thousands of skilled jobs.” said Walid Hanna, […]

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The new digital identity framework would provide EU citizens “with digital access to key public services across EU borders,” according to Members of European Parliament (MEPs). The Industry, Research and Energy Committee adopted its position “on the proposed update of the European digital identity framework (eID) by 55 votes to 8, with two abstentions.” The new eID would “allow citizens to identify and authenticate themselves online (via a European digital identity wallet) without having to resort to commercial providers, as is the case today – a practice that raised trust, security and privacy concerns.” It would also “give users full control of their data and let them decide what information to share and with whom.” In their amendments, MEPs propose “to make the European Digital Identity Wallet a tool that can also read and verify electronic documents, and allow for peer-to-peer interactions.” They propose measures “to strengthen privacy and cybersecurity as well as to register all transactions to ensure third parties are held accountable.” Using the EU wallet will always be “voluntary.” MEPs also want “to ensure that citizens who choose not to adopt it are not treated differently to those who do.” The scheme would “require each member […]

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2022 was a year of crisis for social media in the US, but 2023 will be a year of recovery and new beginnings. The social audience remains massive: This year, for the first time, roughly two-thirds of the US population will use a social network at least monthly, per our estimates. But the landscape will become increasingly fragmented, driven both by Gen Z and turmoil at the established social platforms. Gen Z will make up almost one-quarter of US social users. In another first, there will be more Gen Z than Gen X monthly social users in the US in 2023. To put it another way, there are now almost 20 million more US Gen Z social users than there were in 2018, when ByteDance merged Musical.ly with TikTok and the app started to take off in the US. As Gen Z grows up (the oldest members will turn 26 this year), their social media preferences and habits will transform the US social landscape. Meta remains massive, but its dominance is waning. Meta’s ad business will return to growth this year, after its first-ever revenue decline in 2022. Meanwhile, Meta’s US monthly user base (excluding WhatsApp, Messenger, and Oculus/Reality […]

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IDFC share price today opened downside and went on to hit intraday low of ₹78.50 apiece, logging over 13 per cent dip from its Friday close of ₹90.80 apiece on NSE. According to stock market experts, market is adjusting with ₹11 per equity dividend announced by the company as IDFC dividend record date is today. They said that the stock has strong support base at around ₹70 and it may go up to ₹100 apiece in next 2-3 months. They advised bottom finishers to take advantage of this dip and add this dividend paying stock in their portfolio for short to medium term. On why IDFC share price is falling today, Ravi Singhal, CEO at GCL Broking said, "IDFC shares are one of the dividend paying stocks today. The company has announced ₹11 per equity interim dividend and today’s fall is just a rebalancing act of the market. One should take advantage of this fall and buy the stock at current levels because the stock looks promising from both technical and fundamental perspective. The financial company has improved its asset quality and asset margins and the capital flow in the company is also expected to sustain for short to […]

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Money management executives are particularly excited about an emerging markets-related ESG opportunity. There has been an evolution in the impact opportunity set within emerging markets, said Simon Cooke, London-based emerging markets portfolio manager at Insight Investment, which had £213.8 billion ($257.8 billion) in fixed-income assets under management as of Dec. 31. Emerging markets impact-related bond issuance has grown over recent years, he said, to account for 30% of total corporate supply last year, up from 20% in 2021 and 10% in 2020. In 2019, that proportion was roughly 5%, Mr. Cooke said. That means there’s an opportunity set of more than $200 billion from issuers across 30 countries that specifically target social and environmental projects, “making your money do good rather than just (achieving) financial returns,” Mr. Cooke said. Including hard currency sovereigns, the opportunity set is more than $250 billion, he added. Emerging markets are particularly attractive, he added, with a “greenium” of about 10 basis points every year. “What this means is we think that, in emerging markets today … there’s an incredible opportunity to generate both financial returns and positive impact over the next three to five years, in a way that wasn’t there three to […]

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The term “global village” refers to the idea that the world has become interconnected and interdependent due to advancements in communication and technology, allowing people to communicate and interact as if they were part of a single, small community. This is undoubtedly the future that current trends point to; we are still far from being an egalitarian global community with equal access to telecom infrastructure. However, while many see this as a stumbling block, it represents a significant opportunity for communications service providers (CSPs) to invest and become pioneers in some telecom fields. Not to mention unlock new markets that offer additional revenue streams and long-term growth opportunities. The Problem of Poor Telecom Infrastructure in Developing Countries In this digital age, Poor telecom infrastructure can significantly impact economic development and quality of life for citizens in developing countries. The socio-economic effects are felt not only at the individual level but on a macro-scale with implications for the overall development of the country or region: Slowed economic growth: Adequate telecom infrastructure is essential for modern business practices, including e-commerce and remote work, which are key drivers of economic growth. Poor telecom infrastructure can limit the growth of businesses, making it […]

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