C&I

EQS-News: LION E-Mobility AG reaches revenue target for FY 2023 and forecasts revenue growth in 2024

Retrieved on: 
Wednesday, April 10, 2024
Growth, BTM, C&I, Depreciation, LION, Beauty salon

The robust and road-proven battery technology powers a diverse array of applications spanning various forms of mobility to energy storage.

Key Points: 
  • The robust and road-proven battery technology powers a diverse array of applications spanning various forms of mobility to energy storage.
  • Dr. Joachim Damasky, CEO von LION: “LION is steadfast in its commitment to its sustainable growth trajectory.
  • Alessio Basteri, Chairman of the Board of Directors of LION: ”Looking ahead, we are optimistic about our revenue prospects for the fiscal year 2024.
  • We are commited to sustained growth and see a huge potential of our business operations in the mid to long term.”

EQS-News: SMA Group reports extraordinarily strong 2023

Retrieved on: 
Wednesday, April 10, 2024
Consolidated, Power inverter, Niestetal, SMA Solar Technology, SMA, C&I, Commercial, Annual report, Financial statement, Cryptocurrency

EBIT climbed from €31.9 million in the 2022 fiscal year to €269.5 million (EBIT margin 2023: 14.2%; 2022: 3.0%).

Key Points: 
  • EBIT climbed from €31.9 million in the 2022 fiscal year to €269.5 million (EBIT margin 2023: 14.2%; 2022: 3.0%).
  • Inverter output sold in 2023 as a whole was 20.5 GW (2022: 12.2 GW).
  • A share of 2.0% was attributable to the Americas region (2022: 8.3%) and 1.1% to the APAC region (2022: 5.0%).
  • SMA published its audited Consolidated Financial Statements and the Annual Report for 2023 today and will explain the business development during a virtual press conference at 10:00 a.m. and a conference call for analysts and investors at 1:30 p.m.

NewtekOne, Inc. Announces Loan Closings for the First Quarter 2024

Retrieved on: 
Monday, April 1, 2024
EPS, NEWT, Growth, SBA, CRE, Running, BOCA, C&I

BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company” or “NewtekOne”) (NASDAQ: NEWT), announced today that its nationally chartered bank subsidiary, Newtek Bank, N.A., closed $207.7 million of SBA 7(a) loans for the three months ended March 31, 2024, which represents a 36.2% increase over $152.5 million of SBA 7(a) loans closed in the first quarter 2023. Newtek Bank and the Company’s non-bank subsidiaries closed $308.6 million of loans, across all loan products, for the three months ended March 31, 2024, which represents a 35.8% increase over $227.2 million for the same period in 2023. The Company also announced strong growth in its loan approval pipeline across all lending products year-to-date through March 31, 2024. In particular, the Company approved $507.7 million of new loans, across all loan products, for the three months ended March 31, 2024. which represents a quarterly record for the Company. NewtekOne’s loan programs include SBA 7(a) loans, SBA 504 loans, alternative lending program (formerly referred to as our non-conforming conventional loan program), conforming C&I loans and conforming CRE loans.

Key Points: 
  • The Company also announced strong growth in its loan approval pipeline across all lending products year-to-date through March 31, 2024.
  • Finally, the Company announced that Newtek Bank has experienced increased deposit activity during the first quarter 2024.
  • Specifically, from the period of March 15, 2024 through March 31, 2024, deposits increased by approximately $30 million.
  • We plan to update our 2024 forecast when we release our first quarter 2024 financial results.

Capital Bancorp, Inc. Announces Acquisition of Integrated Financial Holdings, Inc.

Retrieved on: 
Thursday, March 28, 2024
Capital Bank, USDA, SBA, EVP, Partnership, LLP, Capital, C&I, Head, Acquisition, Small Business Administration, Melissa, CBNK, Government, Security (finance)

At closing, Capital shareholders will own approximately 84% and IFH shareholders will own approximately 16% of the combined company.

Key Points: 
  • At closing, Capital shareholders will own approximately 84% and IFH shareholders will own approximately 16% of the combined company.
  • Including Windsor Advantage’s industry leading government guaranteed servicing platform, Capital is well positioned to capitalize on this growing niche.
  • A. Riddick Skinner, EVP of Government Lending at IFH, will join Capital Bank as Head of Government Guaranteed Lending Program.
  • Raymond James & Associates, Inc. served as financial advisor and Wyrick Robbins Yates & Ponton LLP served as legal advisor to IFH.

EagleBank Provides $50 Million Loan to EB5 USA Immigration LLC to Promote Foreign Investment in Real Estate

Retrieved on: 
Wednesday, March 27, 2024
C&I, Commercial, Investment, USCIS, EGBN, Government, EagleBank, Management

This loan, which highlights EagleBank’s lending capacity in this specialized space, will supply pre-funding or bridging preferred equity in EB5 real estate projects.

Key Points: 
  • This loan, which highlights EagleBank’s lending capacity in this specialized space, will supply pre-funding or bridging preferred equity in EB5 real estate projects.
  • “As we have scaled our business over the past decade or more, EagleBank has been a great partner in processing our foreign investor accounts.
  • They raise capital for projects within the guidelines of the EB-5 Immigrant Investor Program (EB-5 Program), a U.S. government effort that encourages investment in job-creating ventures.
  • EB5 USA Immigration LLC operates six USCIS-authorized Regional Centers serving 30 states.

Customers Bank Onboards 10 Experienced Banking Teams and Accelerates Deposit Transformation; Builds Prominence on East, West Coasts

Retrieved on: 
Tuesday, April 9, 2024
Banking, Fintech, Professional Services, Finance, Customer, Growth, Customers Bancorp, Contact angle, Football, C&I, Federal Reserve, Federal Deposit Insurance Corporation, Contact, Bank

Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has onboarded 10 experienced commercial and business banking teams in New York, California and Nevada.

Key Points: 
  • Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has onboarded 10 experienced commercial and business banking teams in New York, California and Nevada.
  • With new talent, Customers Bank builds its prominence on East and West Coasts.
  • “At Customers Bank, we're intent on ensuring that our teams are fully supported to provide our clients with access to trusted and tested expertise,” said Customers Bank Executive Chairman Jay Sidhu.
  • Major accolades include:
    A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender.

SolarEdge Acquires Wevo Energy, EV Charging Optimization and Management Software Startup

Retrieved on: 
Thursday, April 4, 2024
Apps, Applications, Technology, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Alternative Energy, Software, Energy, Artificial Intelligence, Acquisition, C&I, Commercial, SolarEdge, Multimedia, Online shopping

SolarEdge Technologies , Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced that it completed the acquisition of the entire share capital of Wevo Energy Ltd. (“Wevo”).

Key Points: 
  • SolarEdge Technologies , Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced that it completed the acquisition of the entire share capital of Wevo Energy Ltd. (“Wevo”).
  • Wevo is a software startup specializing in EV charging optimization and management for sites with large quantities of EV chargers such as apartment buildings, workplace carparks and public charging locations.
  • Wevo is already integrated with SolarEdge’s EV chargers, solar inverters and meters, for a holistic real-time view of solar production, grid consumption and EV charging.
  • The Wevo solution will also be part of the SolarEdge ONE energy optimization system for the Commercial and Industrial (C&I) segment, designed to offer SolarEdge customers a single energy optimization solution that orchestrates and integrates between on-site solar generation, battery storage and large-scale EV charging.

Western Alliance Bank Bolsters Commercial and Industrial Team with Strategic Hires Katie McDowell and Jon VanDerMeid

Retrieved on: 
Wednesday, March 27, 2024
Professional Services, Defense, Aerospace, Manufacturing, Finance, Banking, Other Defense, Yale School of Management, Government, Investment management, Industrial, Business administration, C&I, Commercial, Senior, Credit, Michigan State University, Yale school, Multimedia, Financial services

Western Alliance Bank today announced the appointment of Katie McDowell and Jon VanDerMeid to the organization’s Commercial and Industrial Banking team.

Key Points: 
  • Western Alliance Bank today announced the appointment of Katie McDowell and Jon VanDerMeid to the organization’s Commercial and Industrial Banking team.
  • McDowell assumes the role of Senior Vice President, Relationship Manager to support the organization’s Aerospace, Defense and Government Services team, and VanDerMeid takes on the role of Credit Underwriting and Portfolio Manager, Commercial & Industrial to support the broader Commercial and Industrial team.
  • View the full release here: https://www.businesswire.com/news/home/20240327315080/en/
    Jon VanDerMeid, Western Alliance Bank, Aerospace & Defense Group (Photo: Business Wire)
    “In a strategic step that reaffirms our commitment to providing outstanding, customized commercial banking for our clients, we are thrilled to welcome Katie McDowell and Jon VanDerMeid to the Western Alliance Bank team,” said Matt Griesbach, Commercial and Industrial Industry Executive, Aerospace and Defense, at Western Alliance Bank.
  • VanDerMeid also joins the Western Alliance Bank team with two decades of industry experience, holding pivotal roles in commercial, leasing and investment banking underwriting.

SolarEdge’s First Commercial Storage System for PV Applications Now Available for Order in Italy

Retrieved on: 
Monday, March 18, 2024
Technology, General Automotive, Engineering, Automotive Manufacturing, Other Energy, Utilities, Manufacturing, Automotive, Alternative Energy, Energy, Environment, Other Technology, Hardware, Green Technology, Solar, Availability, C&I, CSS, SolarEdge, Exhibition, Multimedia, PV

SolarEdge Technologies , Inc. (“SolarEdge” or “the Company”) (NASDAQ: SEDG), a global leader in smart energy technology announced today that the Company’s first Commercial Storage System (CSS) for PV applications is now available for order in Italy.

Key Points: 
  • SolarEdge Technologies , Inc. (“SolarEdge” or “the Company”) (NASDAQ: SEDG), a global leader in smart energy technology announced today that the Company’s first Commercial Storage System (CSS) for PV applications is now available for order in Italy.
  • View the full release here: https://www.businesswire.com/news/home/20240318537949/en/
    SolarEdge’s First Commercial Storage System for PV Applications Now Available for Order in Italy (Photo: Business Wire)
    Designed for small to medium commercial solar installations, the SolarEdge CSS is suited for indoor and outdoor applications.
  • Zvi Lando, CEO, SolarEdge Technologies, said: “We are excited to introduce our first storage solution for commercial-scale solar applications to the Italian market.
  • First shipments of the South African version of the CSS took place in the fourth quarter of 2023.

GreenStruxure® Renewable Energy Microgrids Enables Bimbo Bakeries USA Move Towards Net Zero

Retrieved on: 
Friday, March 15, 2024
Environment, Sustainability, Alternative Energy, Green Technology, Energy, Environmental Health, Climate Change, Electricity, EV, Grupo Bimbo, Schneider Electric, JV, Partnership, Bimbo Bakeries USA, Microgrid, Global warming potential, C&I, Carbon, Cloud computing, Renewable energy

GreenStruxure , a leading Energy as a Service company, recently commissioned state-of-the-art onsite renewable energy microgrids for Bimbo Bakeries USA , the leading baking company in the United States, at its California facilities.

Key Points: 
  • GreenStruxure , a leading Energy as a Service company, recently commissioned state-of-the-art onsite renewable energy microgrids for Bimbo Bakeries USA , the leading baking company in the United States, at its California facilities.
  • In 2022, GreenStruxure and Bimbo Bakeries USA entered into a long-term Energy Services Agreement to design, build, operate, and maintain onsite renewable energy microgrids systems for six of its California bakeries - Montebello, Placentia, Oxnard, San Luis Obispo, South San Francisco, and Sacramento.
  • As part of the Energy Services Agreement, GreenStruxure designed and built the on-site renewable energy microgrids that it now operates and maintains.
  • “It’s a cost-effective way for companies to mitigate risk while making a positive environmental impact.”
    The official ribbon-cutting ceremony for the renewable energy microgrids was held on March 12, 2024, at the Bimbo Bakeries USA Montebello bakery, the largest of the six microgrids.