|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||168.50 - 170.20|
|52-week range||168.50 - 170.20|
|Beta (5Y monthly)||1.05|
|PE ratio (TTM)||0.94|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
By using wooden components in lithium-ion batteries, companies may well be able to drastically reduce the carbon footprint associated with the production of electric vehicles
Swedish battery maker Northvolt and Finnish-Swedish forestry company Stora Enso are trying to develop batteries from forestry byproduct lignin, the companies said on Friday. After years of research and development, it could be turned into new products by forestry giants letting go of paper. "Our lignin-based hard carbon...will secure the strategic European supply of anode raw material," head of Stora's biomaterials unit Johanna Hagelberg said in a statement outlining a development agreement between the companies.
European stock markets edged higher Friday, ending the week on a positive note despite the European Central Bank’s larger-than-expected interest rate as well as disappointing survey growth data. The ECB raised interest rates by 50 basis points from zero percent on Thursday, its first hike in 11 years, ending a policy of negative interest rates that had been in place since 2014. The hike was more than the 25 basis points increase that ECB President Christine Lagarde guided towards at the central bank’s June meeting, suggesting that the policymakers have become very concerned about inflation, with Eurozone CPI now at a record annual 8.6%, even at the expense of growth in the region.