Streetbeat News

Acquisitions Mergers

VVPR

VivoPower International PLC announced that its subsidiary, Tembo e-LV B.V., has achieved all required milestones for a final strategic direct equity investment, valuing Tembo at a pre-money valuation of $120M.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:13 pm

BECN

Beacon (NASDAQ:BECN), a specialty roofing distributor, announced the opening of new locations in Dieppe, New Brunswick, Canada, and Spring Lake Park, Minnesota. These branches aim to serve the residential and commercial roofing contractors in their respective regions. The expansion is part of Beacon's Ambition 2025 plan, which focuses on footprint expansion to drive above-market growth. The company has opened five new locations, completed two acquisitions adding seven branches, and signed a purchase agreement for a third acquisition in 2024, exceeding its Ambition 2025 revenue and shareholder return targets two years early.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:05 pm

TPCS

TechPrecision shares are trading higher following the announcement of the termination of the agreement to acquire Votaw Precision Technologies.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:04 pm

HYMTF

TSLA

WKSP

Hyundai Motor Company (OTC:HYMTF) and Kia Corporation are enhancing their competitiveness in India by signing a memorandum of understanding with Exide Energy Solutions Ltd for localizing EV battery production. This move aligns with Tesla Inc's (NASDAQ:TSLA) interest in India for EV production due to lower labor costs. Hyundai plans to invest $2.40 billion in India, launching six EVs by 2028, while Kia will introduce three EVs, including the made-in-India Carens EV. Hyundai Motor America reported record sales, with a significant increase in EV sales. Hyundai's collaboration with Worksport Ltd (NASDAQ:WKSP) for solar-powered tonneau covers and portable battery systems indicates a commitment to R&D and eco-friendly innovations. The strategic focus on India's booming EV market, where sales are expected to rise by 66% this year, positions Hyundai, Kia, and Exide to capitalize on this growth.

Portfolio Pulse from Upwallstreet

April 08, 2024 | 1:02 pm

AAPL

BTCUSD

ETHUSD

TSLA

The article covers a range of topics from cryptocurrency trends, including Bitcoin's surge as its halving approaches, to US and world politics, the US economy, tech innovations, electric vehicles, and more. Key highlights include Bitcoin, Ethereum, and Dogecoin's price movements, Ripple CEO's market prediction, and various political and economic developments in the US and globally. It also touches on tech updates like Apple's new initiatives and Tesla's focus on autonomy.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 12:49 pm

APA

DHI

HUBS

INTC

Wall Street's most accurate analysts have made new stock picks, with significant upside potential identified in companies like Intel, HubSpot, APA Corporation, D.R. Horton, and Worthington Steel. These picks come amidst a backdrop of the Dow Jones experiencing its worst weekly performance in 2024. Analysts from firms such as Canaccord Genuity, Roth MKM, Wedbush, Keybanc, and Truist Securities have maintained or adjusted their ratings on these stocks, citing various corporate developments and financial results.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:46 pm

AUUD

LGVN

UCAR

Auddia Inc. (AUUD) shares surged 139% following the USPTO's award of U.S. Patent 11,935,520 for its AI technology in the faidr app, enabling ad-free AM/FM radio for subscribers. U Power (UCAR) shares rose 113% as it announced its battery-swapping model for electric vehicles is set for commercial rollout in Wuhu, China. Longeveron (LGVN) shares increased 119% after issuing a letter to shareholders outlining its corporate strategy and goals for 2024.

Portfolio Pulse from ryanfaloona@benzinga.com

April 08, 2024 | 12:44 pm

MULN

Mullen Automotive, Inc. (MULN) announces significant cost reduction and consolidation measures expected to save approximately $170 million over the next 12 months. The company is focusing on the commercial EV segment, aiming to sell 100 units in April, as part of its strategy to align with current market conditions and drive near-term revenue. These actions include prioritizing commercial programs, integrating engineering centers, and expanding the dealer network, aiming for long-term growth and improved financial results.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:43 pm

BSET

EGLE

Insider purchases at Eagle Bulk Shipping, SentinelOne, and Bassett Furniture Industries signal confidence in these companies. Eagle Bulk Shipping's merger with Star Bulk was approved, SentinelOne received a positive analyst rating, and Bassett Furniture reported downbeat quarterly sales.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:41 pm

CAUD

Collective Audience (CAUD) shares are trading higher following the announcement of its acquisition of DSL Digital. This acquisition will enable Collective Audience to launch AI-powered AudienceServices, expanding its capabilities and offerings in the digital services sector.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:41 pm