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meta stock surges as analysts raise price targets following strong earnings

Meta's stock surged over 42% from February's low, reaching a high of $634.91, driven by enhanced advertising integration with Reddit and ambitious AI investment plans of up to $65 billion. Despite a recent decline due to competition from a Chinese AI model, analysts maintain strong buy ratings, with target prices ranging from $736 to $810. The company reported impressive Q4 earnings, exceeding expectations with $48.385 billion in revenue and $8.24 earnings per share.

Onshore Wind Tender Achieves Record Bids and Capacity in Latest Round

A record 528 bids totaling 6,083 megawatts were submitted in the latest onshore wind turbine tender, nearly 1.5 times oversubscribed. This marks the first time since February 2022 that bids exceeded the uncut tender volume, with 348 bids awarded at an average price of 7.15 cents per kilowatt hour. The Federal Network Agency anticipates this trend will positively impact future commissioning.
09:02 12.12.2024
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