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-0.000363419372495834 0.00142227087754565 0.00590892979724798 0.00321693444542652 0.00590892979724798 0.00590892979724798 0.00590892979724798 0.00590892979724798
Stock impact report

Canaccord Raises USA Rare Earth (USAR) PT to $33 Following $1.6B CHIPS Program Commitment [Yahoo! Finance]

USA Rare Earth, Inc. (USAR) 
Company Research Source: Yahoo! Finance
This followed the company's announcement of a $1.6 billion letter of intent from the US Department of Commerce's CHIPS Program and a collaboration with the Department of Energy. This federal backing led the firm to accelerate its operational timeline and update its financial estimates. Although the firm noted a structural deficiency compared to peers, specifically a lack of government-guaranteed price floors and offtake agreements, management remains confident that the business model is sustainable without such protections, positioning the company as a key player in the domestic rare earth supply chain. On the same day, Benchmark analyst Subash Chandra also raised the price target for USA Rare Earth Inc. (NASDAQ:USAR) to $45 from $15 with a Buy rating after the company secured 85% of the $4.1 billion required for full vertical integration. The capital includes $1.9 billion in government funding, which is surprisingly large in scale. The new target accounts for a doubling of projec Show less Read more
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