$RCON

Analysts updated ratings on three energy companies. Recon Technology (RCON) was maintained as Hold by Maxim Group. Expand Energy (EXE) received a Buy rating and $124 target from J.P. Morgan, with a consensus Strong Buy and $124.83 target. Bannerman Energy (BNNLF) was upgraded to Buy with a A$4 target by J.P. Morgan, with a consensus Strong Buy and $3.66 target.

U.S. stocks declined midweek, with small caps hit hardest as 10-year Treasury yields rose to 5.24%. McCormick (MKC) reported Q3 sales up 17.4%, EPS $0.36. Conagra (CAG) saw Q1 sales down 1.4%, EPS up 5.1%. WTW (WTW) noted commercial property rate declines. RedHill (RDHL) outlined portfolio reset. Recon (RCON) reported 65.8% revenue growth, narrowed losses.

U.S. stocks ended the week lower, with the Dow down 1.93%, S&P 500 down 1.25%, and Nasdaq down 0.90%. The Russell 2000 underperformed, falling 1.16%. The 10-year Treasury yield rose 6 basis points to 5.24%. Earnings reports from McCormick (MKC), Conagra (CAG), Recon Technology (RCON), Yiren Digital (YRD), and RedHill Biopharma (RDHL) were released.

Recon Technology reported a GAAP EPS of -$39.28 and revenue of $16.2M for the fiscal year, up 65.8% year-over-year. Gross margin rose to 33.2% from 23.0%. As of June 30, 2026, the company had $4.4M in cash and $1.3M in short-term investments.

Recon Technology (RCON) reported fiscal 2026 results: revenue up 65.8% to RMB109.9M, gross profit up to RMB36.5M, gross margin 33.2%. Net loss narrowed to RMB31.6M. Growth driven by overseas oilfield projects. The company launched a waste plastic chemical recycling plant, aiming for 40,000 tons of annual processing. Management expects diversified growth in 2027.

Recon Technology (RCON) announced it has regained compliance with the Nasdaq minimum bid price requirement. The company is a NASDAQ-listed oil and gas field service provider in China, offering advanced technologies and equipment to major oil exploration companies. Recon's stock compliance is relevant for investors monitoring Nasdaq-listed companies.

Recon Technology (RCON) announced it has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share, closing the matter. The company previously received a non-compliance notice in May 2026. Recon provides oilfield services and low-carbon energy solutions in China.

Trinity Biotech (TRIB) surged 16% after launching Trinovium, a subsidiary for AI data center liquid-cooling solutions. Quanterix (QTRX) rose 6% following CFO appointment. Recon Technology (RCON) gained 27% in after-hours trading after a sharp intraday decline. All three stocks have seen significant declines year-to-date.

Benzinga Pro highlights energy-sector stocks trading near oversold RSI levels. It cites Rubico (RUBI) with an RSI of 19.8 after a $25 million at-the-market common share offering filing, Recon Technology (RCON) with RSI 21.2 after a $100 million at-the-market equity program, and Vivakor (VIVK) with RSI 28 after a strategic collaboration with M2i Global.

Recon Technology shares fell about 29.9% in pre-open trading to $0.0446 after the company’s July 31, 2026 $100 million at-the-market equity offering. According to prospectus filings, selling about 208 million shares could raise shares outstanding from ~70.6 million to ~279 million, diluting net tangible book value. The stock also faces a Nasdaq bid-price deficiency notice requiring a $1.00 minimum bid within 180 days.