Streetbeat News

Assets

SGBX

SG Building Blocks entered into a cash advance agreement with Cedar, selling $1.96 million in future receivables for $1.35 million. Cedar will withdraw $49,000 weekly from SG Building Blocks' account.

Portfolio Pulse from charles@benzinga.com

August 07, 2024 | 10:13 am

NOG

Northern Oil and Gas (NOG) has exercised its option to acquire a 20% undivided stake in the Altamont assets in partnership with SM for $17.5 million in cash, subject to customary closing adjustments.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:10 am

BTCUSD

Bitcoin whales have accumulated nearly $23 billion worth of BTC in the past month, indicating a potential accumulation phase. Despite recent market volatility, Bitcoin has shown signs of recovery, with its price increasing by 14% to $56,703. Experts predict further market volatility, but long-term indicators remain bullish.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 8:05 am

PLD

Prologis-sponsored FIBRA Prologis has secured a 77.14% ownership of Terrafina, expanding its industrial portfolio in Mexico. This acquisition includes 42.2 million square feet of industrial real estate managed by Terrafina, adding to FIBRA Prologis' existing 46.9 million square feet of logistics and manufacturing facilities.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:31 am

CSLRW

SEDG

SPWR

SunPower Corporation (NASDAQ:SPWR) has filed for Chapter 11 bankruptcy, which some investors believe could benefit the solar industry by eliminating weaker players. SunPower has agreed to sell key assets to Complete Solaria Inc. (NASDAQ:CSLRW) for $45 million. Despite SunPower's struggles, analysts suggest the bankruptcy is specific to the company and not indicative of broader industry issues. SolarEdge Technologies, Inc. (NASDAQ:SEDG) is set to report earnings soon.

Portfolio Pulse from Michael Juliano

August 06, 2024 | 10:19 pm

SILA

Sila Realty Trust (NYSE:SILA) reported its Q2 2024 financial results. AFFO decreased to $0.54 from $0.55 YoY, while EPS increased to $0.08 from $0.07 YoY. Rental revenue fell to $43.55M from $44.965M YoY. The company declared monthly dividends totaling $0.40 per share for the quarter and acquired a $10.8M medical outpatient building.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:28 pm

GPOR

Gulfport Energy has narrowed its full-year 2024 net production guidance to 1,055 MMcfe - 1,070 MMcfe per day. The company forecasts over $25 million in capital expenditure savings from operating efficiencies and plans to allocate approximately $45 million to targeted discretionary acreage acquisitions. Gulfport also reiterates its plan to use substantially all 2024 adjusted free cash flow for common share repurchases after discretionary acreage acquisitions.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:21 pm

RMCF

Rocky Mountain Chocolate Factory has closed a $2.2 million PIPE financing agreement. The proceeds from this financing will be used to support the company's growth.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:10 pm

ANDE

Andersons Inc. (ANDE) plans to invest in additional growth projects while maintaining a debt to EBITDA ratio well below its long-term target of less than 2.5 times.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:35 pm

VFC

VF Corp. has reiterated its guidance for free cash flow plus proceeds from non-core physical asset sales of approximately $600 million, excluding the impact of the divestiture of Supreme, which is expected to be completed by the end of 2024. Supreme will be reported as discontinued operations starting in Q2 FY25.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:20 pm