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TRIN

Trinity Capital Inc. (NASDAQ:TRIN) has committed $50 million in equipment financing to Electric Hydrogen, a manufacturer of electrolyzer systems for producing green hydrogen. This financing supports Electric Hydrogen's gigafactory in Devens, MA, which is set to begin production in Q2. Electric Hydrogen aims to decarbonize industrial processes with its technology and has raised over $600 million in total capital, including a recent $380 million Series C equity raise.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:19 pm

FSR

Fisker Inc. (NYSE:FSR) has seen a 9.15% decrease in short interest, now standing at 25.82% of its float with 102.98 million shares sold short. This represents a significant amount of bearish sentiment, although it has decreased since the last report. The current short interest suggests it would take approximately 2.88 days for traders to cover their short positions. Comparatively, Fisker's short interest is significantly higher than its peer group average of 9.23%, indicating more bearish sentiment towards Fisker than its peers.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:15 pm

TER

Teradyne's (NYSE:TER) short interest has decreased by 5.46% since the last report, with 4.42 million shares sold short, representing 3.29% of its float. This decline in short interest, compared to the peer group average of 6.71%, indicates a more bullish sentiment towards TER. Short interest is a key indicator of market sentiment, and a decrease suggests investors are less bearish on the stock.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:15 pm

CATX

LNTH

Perspective Therapeutics, Inc. (NYSE:CATX) has acquired a CGMP-compliant manufacturing facility from Lantheus Holdings, Inc. (NASDAQ:LNTH) to produce 203Pb- and 212Pb-labeled radiopharmaceuticals for cancer treatment. The facility, located in Somerset, New Jersey, will support clinical and potential commercial production. This acquisition, part of strategic agreements with Lantheus, aims to enhance Perspective's manufacturing capabilities and expedite the delivery of its radiopharmaceuticals. Lantheus has also agreed to purchase $57.4 million of Perspective's common stock as part of an investment agreement.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:12 pm

APLD

Applied Digital has successfully closed a loan agreement, securing $16M in financing. This move is aimed at bolstering the company's financial position and supporting its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:06 pm

GFS

GLOBALFOUNDRIES (NASDAQ:GFS) received mixed analyst ratings over the past three months, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target is $63.43, down 5.33% from the previous target. The company, a top-five contract semiconductor manufacturer, has shown a revenue growth rate of 0.11% as of December 31, 2023, but faces challenges in market capitalization, net margin, ROE, and ROA compared to industry benchmarks. Its debt-to-equity ratio is below the industry average, indicating less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:01 pm

BTCUSD

El Salvador President Nayib Bukele showcases his anticipation for Bitcoin's potential new all-time high with a meme on social media. Bitcoin's market cap has reached $1.33 trillion, with its price slightly down at $67,080.11. Bukele remains a staunch supporter of holding Bitcoin, despite criticism, and has highlighted El Salvador's profits and acquisition methods.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 12:55 pm

BTCUSD

Bitwise Asset Management's CIO, Matt Hougan, predicts Bitcoin could exceed $200,000 in 2024 due to a significant supply-demand imbalance, particularly with the anticipated approval of spot Bitcoin ETFs. This revision from an initial $80,000 forecast is driven by growing demand from various investor groups and the upcoming halving event reducing new supply. Bitcoin's recent price surge to a new all-time high market cap of $1.33 trillion supports this bullish outlook.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 12:44 pm

GOSS

Gossamer Bio reported Q4 EPS of $(0.21), meeting analyst estimates and marking a 64.41% improvement from last year. With $296.4M in cash and equivalents, it expects a cash runway into H1 2026.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:36 pm

BTBT

CLSK

CORZ

HIVE

MARA

RIOT

WGMI

Economist Peter Schiff raised concerns about the underperformance of bitcoin mining stocks despite Bitcoin's recent surge. He noted that while Bitcoin and other related stocks hit record highs, major bitcoin mining stocks like Marathon Digital Holdings, Riot Platforms, HIVE Digital Technologies, Bit Digital, CleanSpark, and Core Scientific experienced losses. Schiff suggests this divergence could indicate potential trouble for Bitcoin. The Valkyrie Bitcoin Miners ETF also saw a premarket drop.

Portfolio Pulse from Shanthi Rexaline

March 05, 2024 | 12:27 pm