Markets

Florida Power & Light (FPL), a NextEra Energy subsidiary, won the 2025 ReliabilityOne® National Reliability Award and inaugural Reliability Value Award from PA Consulting. This recognizes FPL’s top-tier reliability serving over 6 million customers and its cost-effective grid modernization investments. FPL consistently ranks among the nation’s most reliable utilities, with improved grid reliability from focused investments including hardening power lines, undergrounding projects, and deploying smart grid technology, preventing millions of outages. These efforts ensure reliable power for Florida and enable rapid storm recovery.

Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) will release its Q3 2025 unaudited financial results on November 25th and host an earnings call to discuss performance and strategic initiatives. Analysts will scrutinize AUM growth, responses to regulatory changes, and adaptation to shifting investor preferences. Key areas of interest include alternative investment demand, geopolitical impacts on cross-border investments, and fintech investments. Noah faces competition and evolving investor expectations. In H1 2025, Noah distributed RMB33.1 billion of investment products, with AUM totaling RMB145.1 billion as of June 30, 2025.

First Hydrogen Corp. (FHYDF) welcomes the EU’s Hydrogen Mechanism, launched November 13, 2025, designed to connect hydrogen producers and buyers. The H2 Matchmaking Platform aims to de-risk investments in renewable and low-carbon hydrogen projects by fostering direct connections and securing offtake commitments. First Hydrogen believes the platform will advance its hydrogen fuel cell vehicle development and green energy production, particularly leveraging its focus in the UK, EU, and North America. The company sees this initiative as an endorsement of its strategic vision.

SBM Offshore reported a strong Q3 2025, with year-to-date directional revenue up 26% to US$3.6 billion. Full-year 2025 Directional EBITDA guidance increased to around US$1.65 billion, with revenue guidance maintained above US$5.0 billion. FPSO ONE GUYANA achieved first oil. The company’s EUR141 million share repurchase program is 71% complete. ExxonMobil Guyana may acquire FPSO ONE GUYANA in early 2026. Strategic collaborations with Cognite and SLB aim to enhance operational efficiency using AI.

Discovery (DSVSF) reported strong Q3 2025 results, boosted by the Porcupine Complex acquisition. Gold production reached 63,154 ounces, generating $237.0M in revenue and $42.4M net earnings ($0.05/share). Operating cash flow was $153.5M, yielding $86.8M in free cash flow. The company’s cash position strengthened to $341.5M. A new $250M revolving credit facility provides further liquidity. However, the average gold grade decreased, and shares outstanding significantly increased due to share issuance. Exploration results were encouraging.

Prospera Energy increased its non-brokered convertible debenture offering to CAD $4.0 million, targeting a close date on or before December 14, 2025, pending TSXV approval. Proceeds will fund well reactivation, production optimization, and working capital. The debenture includes a 12% interest rate and conversion options into units at CAD $0.05/$0.10, with warrants. Prospera will also issue 1,000,000 shares to settle $82,144 in payables. While the offering aims to boost production, investors face potential dilution from conversion features and share issuance.

Zedcor (ZDCAF) reported record Q3 2025 results, with $16.0 million in revenue (+75% YoY) and $5.7 million in Adjusted EBITDA (+68% YoY). The Adjusted EBITDA margin was 36%. Zedcor’s fleet reached 2,351 units (1,053 in the U.S.). The company raised $25.311 million in equity and increased its banking facility to $50.0 million. U.S. revenue was 36% of Q3 revenue, with Houston production at 35–40 towers/week. However, they reported a working capital deficit of $(4.8)M.

Marpai, Inc. (MRAI) announced its Q3 2025 results, demonstrating a continued turnaround driven by cost discipline and operational efficiency. Operating expenses decreased by 24%, and the operating loss narrowed by 9%. The company’s sales pipeline is strong, with double-digit new client contracts signed. MarpaiRx, the company’s integrated PBM offering, is a key differentiator. Marpai completed a PIPE, securing $3.9 million. Marpai anticipates achieving profitability in Q1 2026, fueled by a robust deal pipeline.

F.N.B. Corporation (NYSE: FNB) declared a quarterly cash dividend of $0.12 per share, payable December 15, 2025, to shareholders of record on December 1, 2025. Headquartered in Pittsburgh, FNB is a diversified financial services company with $50 billion in assets and approximately 350 banking offices across seven states and D.C. The company provides commercial banking, consumer banking, and wealth management services. FNB’s stock is traded on the NYSE under the symbol “FNB.”

Eastern Bank has appointed Robin Moses as Senior Vice President, Team Leader for Rhode Island in its Commercial & Industrial Banking division, effective November 12, 2025. Moses brings over 20 years of experience in commercial lending and relationship management from institutions like Bank Rhode Island and Citizens Bank. She will focus on expanding Eastern Bank’s presence and supporting middle-market businesses in Rhode Island. Moses is also actively involved in community service, particularly with Special Olympics Rhode Island. Eastern Bank, founded in 1818, has $25.5 billion in assets and is committed to community support.