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Assets

HASI

SPWR

SunPower Corp. (NASDAQ:SPWR) has secured over $300 million in project financing commitments from Apollo Funds, ATLAS SP Partners, and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) for its residential solar and storage lease programs. This financing, which will be paid upon installation, enhances SunPower's ability to offer various financing options to its customers, supporting its mission to expand access to clean energy. The company now has access to more than half a billion dollars in capital, contingent on meeting certain conditions. SunPower's solar lease contracts have significantly increased, making up 73% of its originated volume in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:31 pm

ENVB

Enveric Biosciences has announced an agreement to sell its cancer-targeting cannabinoid-related intellectual property. This move could indicate a strategic shift or focus for the company, potentially impacting its future revenue streams and research directions.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:02 pm

PHUN

Phunware's (NYSE:PHUN) short percent of float has significantly increased by 224.58% since its last report, with 40.46 million shares sold short, representing 11.49% of all shares available for trading. This increase in short interest, which is higher than its peer group average of 3.77%, can indicate a bearish market sentiment towards PHUN. However, it's also noted that increasing short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 1:00 pm

TSN

Tyson Foods (NYSE:TSN) has seen a 21.1% decrease in short interest, now at 4.69 million shares or 1.87% of float, taking 2.23 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards TSN compared to its peers, where the average short interest as a percentage of float is 5.33%. However, this does not necessarily predict a near-term price increase.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 1:00 pm

GRI

OSA

PBLA

SINT

The article highlights the top 4 oversold health care stocks with an RSI near or below 30, indicating potential undervaluation. These include ProSomnus, Inc. (OSA), Panbela Therapeutics, Inc. (PBLA), Sintx Technologies, Inc. (SINT), and GRI Bio, Inc. (GRI). Each company has experienced significant stock price declines recently but shows signs of potential short-term recovery.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 12:50 pm

MAGS

NVDA

Nvidia Corporation's (NASDAQ:NVDA) latest earnings report has significantly increased chip demand for AI projects, boosting its stock and the Roundhill Magnificent Seven ETF (NASDAQ:MAGS), which includes Nvidia among its holdings. The MAGS ETF saw a 4% rise and record trading volume following Nvidia's earnings, with analysts optimistic about further growth in tech stocks, especially those related to AI. Despite concerns about market concentration and Nvidia's dependency on other Magnificent 7 companies, the outlook for Nvidia and the MAGS ETF remains positive.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 12:49 pm

ADI

NVDA

SONY

TSM

Taiwan Semiconductor Manufacturing Co (TSM) is driving a semiconductor investment boom in Japan, particularly in Kumamoto, attracting Taiwanese and Southeast Asian investors. This move, partly a response to U.S. sanctions on China, has also spurred the expansion of CTBC Bank and other Taiwanese banks into Japan to support the growing semiconductor market. TSMC's new facilities, including a second factory for 6-nm chips, are set to bolster Japan's semiconductor industry, with mass production aimed to supply major companies like Sony and Denso. Analog Devices, Inc (ADI) has also partnered with TSMC's subsidiary JASM for long-term wafer capacity. TSMC's stock has seen a significant increase, reflecting the positive market response to its expansion and the ongoing AI investment frenzy.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 12:36 pm

PSN

Parsons Corporation announced the full exercise of a $100M option to purchase additional notes in its private offering of 2.625% Convertible Senior Notes due in 2029, raising the total to $800M.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:14 pm

FYBR

Frontier (FYBR) projects its FY24 Adjusted EBITDA to be between $2.20B and $2.25B, with plans for 1.3 million new fiber passings and significant investments in capital and pension contributions.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:02 pm

BTCUSD

Caleb Hammer, a personal finance YouTuber, had a guest named Racso, a 24-year-old vedic astrologer from Austin, Texas, who lost most of his $440,000 in cryptocurrency holdings following the collapse of the FTX platform and Terra/Luna cryptocurrency. Racso, who initially invested $40,000 in 2020, attributes his financial downturn to astrological events. He now faces financial difficulties, relying on credit cards for living expenses and refusing conventional employment. Bitcoin was trading at $51,050, up 0.35% over the past 24 hours.

Portfolio Pulse from Mehab Qureshi

February 23, 2024 | 11:20 am