Why SES AI Stock Rocked the Market Today

However, More than 25 million reasons to pay attention to this stock SES AI announced before market open that it has signed a deal to fully acquire energy storage systems (ESS) vider UZ Energy for roughly $25 (remarkable data)

Furthermore, That price is subject to adjustments based on financial milestones that weren't disclosed

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UZ Energy, which is privately held, specializes in the design and manufacture of ESS nology for both the commercial and industrial

SES AI said that the company has deployed more than 500 megawatt-hours of such storage in more than 60 countries, without a single incident

ESS solutions are used in data centers, more than a few of which are expanding their capabilities to handle the vastly increased resource needs of artificial intelligence (AI) nology

In its press release touting the deal, SES AI quoted its founder and CEO Qichao Hu as saying of the data center segment that "This acquisition of UZ Energy launches us into this exciting market, accelerates our revenue growth, and strengthens our Molecular Universe ability to der better ESS battery materials and health monitoring systems by viding real-world data to train our models, in today's financial world. " SES AI anticipates the acquisition will close later this calendar quarter

Meanwhile, Annual top-line guidance maintained Separately, SES AI published its preliminary revenue figure

Nevertheless, At the same time, While that is quite some distance below the $4. 3 million consensus of the three analysts ing the company, according to data from Yahoo (this bears monitoring), given the current landscape