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Akoustis upgrades WiFi 6E & 7 filters to standard catalog and more +3

08:32 01-Jun-23


Akoustis has introduced upgraded filters for WiFi 6E & 7 which provide a smaller form factor and improved power handling.  Furthermore, these filters are being offered as standard catalog products, which should significantly broaden their adoption once ramped in the second half.

On the macro front, ADP's employment report shows 278K jobs added, which is well over 100K more than expected.  However, it also shows wage growth slowing.  In line with that, larger companies are laying off while smaller ones are hiring.  Overall, this still moves the needle back toward a Fed pause this month, even if they're not done with hikes yet.  The debt ceiling bill passed the House last night as well, and is now headed to the Senate.

One of the reasons, I closed yesterday's trade note with a more positive view of Clearway is the streamlined permitting for energy projects included in the bill.  For its part, AES Corp. has just completed the first phase of what will be Arizona's largest wind project, once phase II is done next year.  Energy Recovery has also now offering new sizes of pressure exchangers for desalination.