CNTM
ConnectM Technology Solutions, Inc. Common StockCNTM
CNTM
About: ConnectM Technology Solutions Inc is a clean energy technology and solutions provider. The company provides residential and light commercial buildings and all-electric original equipment manufacturers (OEMs) with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The group makes electrification more user-friendly, affordable, precise, and socially meaningful by combining technology, data, artificial intelligence, and contemporary design. In addition to its vertically integrated service network, ConnectM offers customers a comprehensive technology stack that enables them to reduce their fossil fuel consumption, lower their energy bills, and decrease their carbon footprint.
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
11.56% more ownership
Funds ownership: 0% [Q2] → 11.56% (+11.56%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for CNTM.
Financial journalist opinion
Based on 3 articles about CNTM published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
ConnectM Acquires MHz Invensys, Enhancing Wireless Communication Solutions
Company Expected to Generate an Additional $15M of Revenue from the AMI Vertical by the End of 2027 Acquisition Bolsters ConnectM's Wireless Solutions for Smart Metering and Allows Expansion into Key Adjacent Markets TAM for the Global Advanced Metering Infrastructure Market Predicted to be North of $47 Billion by 2030 MARLBOROUGH, Mass., Jan. 27, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a leader in the electrification economy, today announced the recent acquisition of MHz Invensys, a renowned developer of high-performing wireless communication products and solutions.
Neutral
GlobeNewsWire
2 weeks ago
ConnectM Launches Automotive Graphics Visual Unit
New Product Expected to Drive Continued Growth in the Company's OEM Segment MARLBOROUGH, Mass., Jan. 16, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a leader in the electrification economy, today announced the launch of its Automotive Graphics Visual Unit (‘AGVU'), an automotive-grade instrument cluster designed to balance cost, performance, and durability.
Neutral
GlobeNewsWire
3 weeks ago
ConnectM Announces Managed Services Agreement with Service Provider, County Comfort
MARLBOROUGH, Mass., Jan. 14, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a leader in the electrification economy, today announced its wholly owned subsidiary, ConnectM Technology Services LLC, has entered into a Managed Services Agreement (the “MSA”) with County Comfort Home Solutions Inc. (“County Comfort,”) a Westchester County, New York-based company specializing in energy audits, insulation, weatherization, solar and battery systems and advanced HVAC systems, among other services. This strategic partnership is expected to drive growth and operational efficiencies for both organizations, leveraging ConnectM's comprehensive platform consisting of its Energy Intelligence Network, vendor management, and enhanced procurement amongst its features.
Neutral
GlobeNewsWire
1 month ago
ConnectM Files 10-Q, Announces Third Quarter 2024 Financial Results
~ Results In-Line with Previously Announced Third Quarter Preliminary Results ~ ~ Third Quarter Revenue Increased 39% to $6.1 Million YoY and 11% from Second Quarter 2024 ~ ~ FY2024 Projected Revenue of $20.0 Million, Representing a 20% YoY Increase ~ ~ On Track to Achieve Operating Cash Flow Breakeven by The First Quarter of 2025 ~ MARLBOROUGH, Mass., Dec. 16, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, has filed its 10-Q with the Securities and Exchange Commission (the “SEC”) and released its financial results for the quarter ended September 30, 2024.
Neutral
GlobeNewsWire
1 month ago
ConnectM Announces Receipt of Notice from Nasdaq Regarding Delayed Filing of Company's Quarterly Report
MARLBOROUGH, Mass., Dec. 12, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ ConnectM ” or the “ Company ”), a technology company focused on the electrification economy, today announced that on December 6, 2024, it received a notice from the staff of the Listing Qualifications Department of Nasdaq stating that because the Company had not filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the “ Filing ”), it no longer complies with Nasdaq Listing Rule 5250(c)(1) for continued listing, which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission.
Neutral
GlobeNewsWire
2 months ago
ConnectM Releases Preliminary Third Quarter 2024 Results & Details Significant Operational Progress
~ Third Quarter Revenue Increased 36% to $6.1 million YoY~ ~ Revenues For The Nine Months Increased 11% to $17.3 million ~ ~ FY2024 On-Track to Deliver Revenue of North of $24.0 million, an Increase of 20% YoY ~ ~ On Track to Achieve Operating Cash Flow Breakeven in The First Quarter of 2025~ MARLBOROUGH, Mass., Nov. 19, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced preliminary results for the quarter ended September 30, 2024.
Neutral
GlobeNewsWire
4 months ago
ConnectM Secures Transformative Master Services Agreement with Devlin Energy, Most Trusted Solar and Battery Retrofit Installer in New England
~ Expected to Add $20+ Million in Revenue in Next Twelve Months ~ ~ Completed MSA and Pipeline of MSAs Unique to ConnectM's Growth Strategy, Offers Topline Growth and Profitability at an Accelerated Pace ~ MARLBOROUGH, Mass., Oct. 01, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced it has entered into a Master Services Agreement (the “MSA”) with Devlin Contracting and Maintenance, Inc. doing business as Devlin Energy, a business dedicated to renewable energy and solar installations within New England.
Neutral
GlobeNewsWire
4 months ago
ConnectM Successfully Eliminates $7.5 Million in Debt, Reaching Halfway Mark in Debt-To-Equity Conversion
~ Conversion Reduces Annual Interest Expense by $1.8 Million Transferring to Free Cash Flow of Equal Value ~ MARLBOROUGH, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced the Company has completed more than half of its initial tranche of a debt-to-equity swap by converting $7.5 million of the Company's outstanding debt to common equity at $2.00 per share.
Neutral
GlobeNewsWire
5 months ago
ConnectM Prepares to Deleverage Balance Sheet with Board's Approval of Debt-to-Equity Conversion
Opens Trading Window for Management MARLBOROUGH, Mass., Aug. 28, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced that the Company's Board of Directors has approved a debt equity swap to deleverage the balance sheet, converting up to $15 million of the Company's outstanding debt to common equity at $2.00 per share.
Neutral
InvestorPlace
5 months ago
CNTM Stock Earnings: ConnectM Technology Reported Results for Q2 2024
ConnectM Technology (NASDAQ: CNTM ) just reported results for the second quarter of 2024. ConnectM Technology reported earnings per share of 15 cents.
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