Trending Tickers: $STM’s Overhaul, $IE’s Copper Funding, $HTZ’s Ackman Boost
This week, several stocks caught investors’ attention, driven by significant developments and market momentum. Here’s the breakdown of this week’s trending stocks:
STMicroelectronics ($STM) Unveils Cost-Cutting Plan
STMicroelectronics ($STM), a semiconductor company supplying chips across automotive, industrial, and electronics markets, has announced a sweeping three-year plan to reshape its manufacturing footprint and reduce global costs. The company said it will focus on advanced infrastructure investments—including 300mm silicon and 200mm silicon carbide fabs—while integrating more AI and automation across its production sites.
According to the company, the initiative is expected to generate high triple-digit million-dollar annual savings by the end of 2027, with up to 2,800 employees globally exiting through voluntary measures, on top of normal attrition. The restructuring will focus on modernizing sites in Europe and Singapore, while maintaining all current locations with redefined roles.
Key investments will support the expansion of ST’s 300mm fabs in Agrate (Italy) and Crolles (France), further strengthening its capabilities in smart power, mixed-signal, and digital products. Other key facilities in Catania, Rousset, Tours, Singapore, and Malta will be optimized for high-efficiency production, emerging technologies like chiplets, and next-generation packaging solutions.
CEO Jean-Marc Chery said the program is designed to “future-proof our integrated device manufacturer model” and will help ST innovate faster while maintaining its competitiveness in automotive, industrial, and electronics applications worldwide.
Stock Price Movement
$STM stock rose 8% on the day of the announcement, as investors reacted positively to the cost-saving and efficiency-focused plan.
Ivanhoe Electric ($IE) Receives U.S. Backing Signal for Copper Project
Ivanhoe Electric ($IE), a U.S.-based mineral exploration and development company, announced it has received a Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) for up to $825 million in potential financing for its Santa Cruz Copper Project in Arizona. The financing would fall under EXIM Bank’s Make More in America initiative, which supports domestic production of critical minerals.
According to the company, the support underscores the strategic importance of domestic copper supply for infrastructure, defense, and energy transition goals. The preliminary feasibility study for Santa Cruz is expected by June 2025, with permitting and engineering efforts already underway. Ivanhoe anticipates beginning initial construction in the first half of 2026.
The project is positioned to produce pure copper cathode on-site, and Ivanhoe Electric said it is also exploring other government support programs and tax incentives to further advance development. Final financing is subject to due diligence and formal approval by EXIM Bank.
Stock Price Movement
$IE stock closed up 28% on Tuesday following the announcement.
Hertz Stock Surges on Bill Ackman’s Strategic Investment
Hertz Global Holdings Inc. ($HTZ), a car rental company that operates across North America and internationally, saw a sharp increase in its stock price after a major investment from billionaire investor Bill Ackman’s Pershing Square Capital Management.
Pershing Square disclosed the acquisition of approximately 12.7 million shares, representing about 4.1% of Hertz’s total outstanding stock.
Bill Ackman’s Stake Sparks Investor Optimism
Bill Ackman is renowned for his activist investment approach, often targeting undervalued or struggling companies and pushing for strategic changes to unlock shareholder value. His investment in Hertz is particularly noteworthy given the company’s turbulent history, including its 2020 bankruptcy filing amid the COVID-19 pandemic and subsequent recovery efforts.
Stock Price Movement
Following the disclosure, $HTZ shares jumped more than 56% to close at $5.71 on the same day.
This article is for informational purposes only and is not investment advice or a solicitation to buy or sell securities. The content is based on publicly available information and reflects the author’s opinions as of the publication date, which may change without notice. All investments carry inherent risks, including the potential loss of principal, and past performance is not indicative of future results. Forward-looking statements, including references to projected revenues, market trends, or business developments, are based on current expectations and assumptions. Actual results may differ due to various factors, including regulatory changes, economic conditions, competitive pressures, and unforeseen market fluctuations. Readers should conduct their own research or consult a financial advisor before making investment decisions. BBAE holds no position in the securities mentioned, nor are they compensated by the companies mentioned.
