MicroVision, Inc. (NASDAQ:MVIS) has been quietly churning out high tech imaging and laser scanning technology for years. But MVIS stock began to soar last fall on news it was developing a lidar system for the automotive sector.
Between the start of December 2020 and Feb. 16 of this year, MVIS stock rocketed up by more than 920%. After a quick correction, it’s surged several times since, hitting a decade-long high close of $26.44 on April 26.
Top 10 High Tech Stocks To Buy For 2023: American Electric Power Company, Inc.(AEP)
American Electric Power Company, Inc. (AEP), incorporated on December 20, 1906, is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The public utility subsidiaries of AEP provide electric service, consisting of generation, transmission and distribution, on an integrated basis to retail customers. The Company’s segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.
Vertically Integrated Utilities
AEP’s vertically integrated utility operations are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by AEP Generating Company (AEGCo), Appalachian Power Company (APCo), Indiana Michigan Power Company (I&M), Kingsport Power Company (KGPCo), Kentucky Power Company (KPCo), Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCo) and Wheeling Power Company (WPCo). AEP’s vertically integrated public utility subsidiaries own or lease approximately 23,600 megawatts (MW) of domestic generation.
AEGCo is an electric generating company. AEGCo owns approximately 2,500 MW of generating capacity. AEGCo sells power at wholesale to AEP Generation Resources Inc. (AGR), I&M and KPCo. APCo is engaged in the generation, transmission and distribution of electric power to approximately 957,000 retail customers in the southwestern portion of Virginia and southern West Virginia, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities and other market participants. APCo owns over 6,650 MW of generating capacity. The principal industries served by APCo include paper, rubber, coal mining, textile mill products and stone, clay and glass products.
I&M is engaged in the generation, transmission and distribution of electric power to approximately 588,000 retail customers in northern and eastern Indiana and southwestern Michigan, and in supplying and marketing electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities and other market participants. I&M owns or leases approximately 3,520 MW of generating capacity, which it uses to serve its retail and other customers. The principal industries served include metals, transportation equipment, electrical and electronic machinery, fabricated metal products, rubber and chemicals and allied products, rubber products and transportation equipment.
KGPCo provides electric service to approximately 47,000 retail customers in Kingsport and over eight neighboring communities in northeastern Tennessee. KGPCo does not own any generating facilities. KPCo is engaged in the generation, transmission and distribution of electric power to approximately 170,000 retail customers in eastern Kentucky, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities and other market participants. KPCo owns over 1,060 MW of generating capacity. KPCo uses its generation to serve its retail and other customers. The principal industries served include petroleum refining, coal mining and chemical production.
PSO is engaged in the generation, transmission and distribution of electric power to approximately 545,000 retail customers in eastern and southwestern Oklahoma, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives and other market participants. PSO owns over 4,430 MW of generating capacity, which it uses to serve its retail and other customers. The principal industries served by PSO include paper manufacturing and timber products, natural gas and oil extraction, transportation, non-metallic mineral production, oil refining and steel processing.
SWEPCo is engaged in the generation, transmission and distribution of electric power to approximately 531,000 retail customers in northeastern and panhandle of Texas, northwestern Louisiana and western Arkansas and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives and other market participants. SWEPCo owns over 5,800 MW of generating capacity, which it uses to serve its retail and other customers. The principal industries served by SWEPCo include natural gas and oil production, petroleum refining, manufacturing of pulp and paper, chemicals, food processing and metal refining. The territory served by SWEPCo also includes several military installations, colleges and universities. SWEPCo also owns and operates a lignite coal mining operation. WPCo provides electric service to approximately 41,000 retail customers in northern West Virginia.
Transmission and Distribution Utilities
The Company’s Transmission and Distribution Utilities segment consists of the transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by Ohio Power Company (OPCo), AEP Texas Central Company (TCC) and AEP Texas North Company (TNC). OPCo is engaged in the transmission and distribution of electric power to approximately 1,468,000 retail customers in Ohio. OPCo purchases energy and capacity to serve generation service customers. The principal industries served by OPCo include metals, chemicals and allied products, health services, electronic machinery, petroleum refining, and rubber and plastic products. TCC is engaged in the transmission and distribution of electric power to approximately 826,000 retail customers through Texas Retail Electric Providers (REPs) in southern Texas. The principal industries served by TCC include chemical and petroleum refining, chemicals and allied products, oil and natural gas extraction, food processing, metal refining, plastics and machinery equipment. TNC is engaged in the transmission and distribution of electric power to approximately 189,000 retail customers through REPs in west and central Texas. The principal industries served by TNC include petroleum refining, agriculture and the manufacturing or processing of cotton seed products, oil products, precision and consumer metal products, meat products and gypsum products.
AEP Transmission Holdco
The Company’s AEP Transmission Holdco segment is engaged in the development, construction and operation of transmission facilities through investments in AEP’s transmission only subsidiaries and transmission only joint ventures. AEP Transmission Holding Company, LLC (AEPTHCo) also owns AEP Transmission Company, LLC (AEPTCo), a holding company for approximately seven transmission-only electric utilities, each of which is geographically aligned with AEP’s existing utility operating companies. The transmission companies develop and own new transmission assets that are physically connected to the AEP System.
Generation & Marketing
The Company’s Generation & Marketing segment’s subsidiaries consist of nonutility generating assets, a wholesale energy trading and marketing business and a retail supply and energy management business. AEP Generation Resources Inc., (AGR), the Company’s subsidiary, is a generation company that generates power and sells it into the market. AGR also engages in power trading activities. AGR owns approximately 6,750 MW of generating capacity. The segment is engaged in non-regulated generation in Electric Reliability Council of Texas regional transmission organization (ERCOT) and Pennsylvania-New Jersey-Maryland regional transmission organization (PJM). It is also engaged in providing marketing, risk management and retail activities in ERCOT, PJM, Southwest Power Pool regional transmission organization (SPP) and Midwest Independent Transmission System Operator (MISO).
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American Electric Power Co. (NYSE: AEP) is not the largest utility in America, but with close to a $40 billion market cap and serving millions of Americans in multiple middle-American states, it is quite well-known. AEP dates back to 1906, and the company deserves much public credit for having historically been quite vocal about the importance of dividends for investors, with over a 100-year track record of dividends as a public company. AEP also uses every available source of power in its portfolio, new and old forms alike. Its dividend yield is currently 3.4 percent, and the company aims to keep increasing its payout over time.
- [By Stephan Byrd]
Jaffetilchin Investment Partners LLC grew its stake in American Electric Power Company Inc (NYSE:AEP) by 66.0% during the 4th quarter, HoldingsChannel reports. The firm owned 7,896 shares of the utilities provider’s stock after buying an additional 3,140 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in American Electric Power were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.
- [By Shane Hupp]
State of Alaska Department of Revenue raised its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,288 shares of the utilities provider’s stock after buying an additional 807 shares during the period. State of Alaska Department of Revenue’s holdings in American Electric Power were worth $6,043,000 at the end of the most recent reporting period.
Top 10 High Tech Stocks To Buy For 2023: Lantronix, Inc.(LTRX)
Lantronix, Inc., incorporated on May 24, 2000, designs, develops, markets and sells networking and communications products with a focus on the convergence of mobility with machine-to-machine (M2M) systems. The Company provides solutions that enable machines, devices and sensors to be securely accessed, managed and controlled. The Company’s solutions are designed for its customers to participate in the Internet of Things (IoT) market. The Company provides a portfolio of products intended for electronic devices or machines.
The Company’s products are typically used by enterprise and commercial businesses, government institutions, telecommunication and utility companies, financial institutions, and individual consumers. The Company conducts its business globally and manages its sales teams by geography, according to four regions: the Americas; Europe, Middle East, and Africa (EMEA); Asia Pacific, and Japan. The Company has organized its solutions into two product lines based on how they are marketed, sold and deployed: OEM Modules and Enterprise Solutions.
OEM Modules are electronic products that serve as building blocks embedded inside electronic systems and equipment. The Company’s OEM Modules product line includes wired and wireless products that are designed to for electronic systems and equipment by providing network connectivity, application hosting, protocol conversion and other functions. The products are offered with a software suite. Among others, product families included in the Company’s OEM Module product line are MatchPort, PremiereWave EN, WiPort, xPico, xPico Wi-Fi and xPort.
The Company’s Enterprise Solutions are electronic products that are typically connected to one or more existing pieces of electronic equipment to provide additional connectivity or functionality. The Enterprise Solutions are designed for machines and other devices through network connectivity, routing, switching, application hosting, remote management, telemetry, telematics, printing, protocol conversion and other functions. The Company’s Enterprise Solutions includes products such as wired and wireless device servers, I/O servers, terminal servers, console servers, print servers, remote keyboard video mouse (KVM), management, power management and software management platforms. Among others, product families included in the Company’s Enterprise Solutions product line are EDS, PremierWave XC, PremierWave XN, SLB, SLC, SLP, Spider, UDS, xDirect, xPress, xPrintServer, and xSenso.
- [By Joseph Griffin]
Lantronix (NASDAQ:LTRX) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
- [By Joseph Griffin]
Lantronix Inc (NASDAQ:LTRX)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $4.03 and last traded at $3.90, with a volume of 768 shares trading hands. The stock had previously closed at $3.85.
Top 10 High Tech Stocks To Buy For 2023: Tallgrass Energy Partners, LP(TEP)
Tallgrass Energy Partners, LP (NYSE:TEP) is a growth-oriented publicly traded Delaware limited partnership formed in February 2013 by Tallgrass Development to own, operate, acquire and develop midstream energy assets in North America. We provide natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through our Tallgrass Interstate Gas Transmission System, which we refer to as the TIGT System, and provide processing services for customers in Wyoming through our Casper and Douglas natural gas processing and West Frenchie Draw natural gas treating facilities, which we refer to as the Midstream Facilities. Advisors’ Opinion:
- [By Logan Wallace]
Natixis bought a new position in Tallgrass Energy Partners LP (NYSE:TEP) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 68,685 shares of the pipeline company’s stock, valued at approximately $2,975,000. Natixis owned 0.09% of Tallgrass Energy Partners as of its most recent filing with the Securities & Exchange Commission.
- [By Joseph Griffin]
JPMorgan Chase & Co. trimmed its position in shares of Tallgrass Energy Partners LP (NYSE:TEP) by 21.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 686,632 shares of the pipeline company’s stock after selling 190,040 shares during the period. JPMorgan Chase & Co. owned approximately 0.94% of Tallgrass Energy Partners worth $26,016,000 at the end of the most recent quarter.
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Tallgrass Energy Partners (TEP) : “That dividend is a red flag. That group has become a house of pain and I’m not going there.”
Mallinckrodt (MNK) : “They had a better-than-expected quarter, but I am worried and I’m staying away.”
Top 10 High Tech Stocks To Buy For 2023: SITO Mobile, Ltd.(SITO)
SITO Mobile, Ltd. operates as a mobile location-based advertising platform for businesses, advertisers, and brands primarily in the United States and Canada. It offers mobile location-based advertising and mobile messaging platforms to transform digital marketing by delivering targeted mobile advertising campaigns based on geo-location, in-store traffic, and customer response for brands, agencies, and retailers. The companys mobile location-based advertising platform offers Geo-fencing that targets customers within a certain radius of location and uses technology to push coupons, ads, and promotions to mobile applications; Verified Walk-in, which tracks foot-traffic to locations; Behavioral Targeting that tracks past behaviors over 30-90 day increments allowing for real-time campaign management; and Analytics and Optimization, a culling and building measurement system to track metrics, such as user demographics, psychographics, cost per thousand ad impressions served, click-throughs, and time of engagement. Its mobile messaging platform builds and controls tailored programs, including messaging, customer incentive programs, etc. The company was formerly known as Single Touch Systems, Inc. and changed its name to SITO Mobile Ltd. in September 2014. SITO Mobile Ltd. was incorporated in 2000 and is based in Jersey City, New Jersey.