Alerus Financial shares rise 1.9% premarket after Raymond James upgrade

ALERUS FINANCIAL CORP (ALRS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Alan A. Villalon, Chief Financial Officer 952.417.3733 (Office) FOR RELEASE (7.29.2026) ALERUS FINANCIAL CORPORATION REPORTS Second QUARTER 2026 NET INCOME OF $20.9 MILLION MINNEAPOLIS, MN ( July 29, 2026 ) – Alerus Financial Corporation (Nasdaq: ALRS), or the Compan

Manitoba Hydro considers a $3B deal with GE Vernova for natural gas turbines, despite criticism from environmental groups due to the company's political donations. The turbines aim to address a projected energy shortfall by 2030, producing 750 megawatts. The province's energy regulator is reviewing the proposal, with recommendations expected later this year. GE Vernova was the only final bidder, and delays could impact Manitoba's energy reliability and finances, according to officials.

BP appointed Ian Tyler, former CEO of Balfour Beatty, as its permanent chair. Amanda Blanc, senior independent director, will step down after a successor is found. BP's share price fell 0.6% on the news. Tyler, who also chairs Grafton Group, aims to engage with shareholders and support BP's strategic priorities. BP shares have gained 25% year-to-date, in line with Shell. Tyler will review his board commitments to focus on BP. Activist hedge fund Elliott Investment Management holds a stake in BP.

Baird upgraded Deere & Company (DE) to Outperform, raising its price target to $800 from $640. The firm expects DE to benefit from a recovery in North American agricultural demand, with potential earnings of $25 per share in 2027 and mid-$30s in 2028. However, DE faces challenges like declining farm income, tariffs, and cautious capital spending.

Anduril Industries received a $65 million U.S. Army contract for mobile intelligence systems, part of a $192 million award shared with Palantir Technologies. The order includes hardware and mission shelters for eight systems, with production at Anduril’s Costa Mesa facility. Palantir USG Inc. is the program team lead. Anduril will provide four TITAN Advanced and four TITAN Basic systems, designed to process real-time data in the field.

Hershey named Dave Hulays as its new CFO, replacing Steve Voskuil, who will focus on strategic projects and retire in 2027. Hulays, a 12-year Hershey veteran, previously held finance roles at P&G. The company reported strong Q2 results and is expanding its snack offerings.