Acquisition StrategySES's acquisition of UZ Energy marks its entry into the energy stationary storage market, aligning with its 'AI first' transition strategy.
Financial PerformanceSES reported $5.8 million in revenue, almost triple expectations, maintaining a full-year guide of $15 million to $20 million.
Share Repurchase ProgramThe board approved a $30 million share repurchase program, signaling management's belief that the company is undervalued and aiming to bolster the stock price.