Streetbeat News

Assets

GLBE

Global E Online (NYSE:GLBE) has seen a 6.06% increase in short interest since its last report, with 6.33 million shares sold short, representing 5.78% of its float. It would take about 7.89 days to cover these short positions based on current trading volumes. This rise in short interest could indicate a more bearish market sentiment towards GLBE, although it has less short interest compared to its peer group average of 8.51%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 1:15 pm

VSTE

Vast Renewables Limited (Vast) and Mabanaft have secured up to AUD $40 million in funding for the SM1 solar methanol plant, aimed at decarbonizing shipping by producing green methanol using concentrated solar thermal power (CSP) technology. The funding, provided by the Australian Renewable Energy Agency (ARENA) and Projektträger Jülich (PtJ) on behalf of the German government, supports the German-Australian Hydrogen Innovation and Technology Incubator (HyGATE) program. SM1, powered by Vast's CSP v3.0 technology, aims to produce up to 7,500 tonnes of green methanol annually, potentially reducing green fuel production costs by up to 40% and creating hundreds of jobs.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:04 pm

GLD

SPY

UNG

USO

U.S. stock markets closed lower on February 13th due to an unexpected surge in consumer inflation, leading to a decline in the Dow Jones, S&P 500, and Nasdaq. Asian markets were mixed, with Japan and Australia seeing losses, while India and Hong Kong gained. European markets and U.S. futures were up in early trading. Crude oil prices increased, while natural gas and precious metals saw mixed movements.

Portfolio Pulse from Akanksha Bakshi

February 14, 2024 | 12:56 pm

BTCUSD

ETHUSD

Bitcoin's market capitalization has surpassed the $1 trillion mark, reaching over $51,000 per coin for the first time since December 2021. This surge represents a 21% increase in value year-to-date, fueled by positive sentiment and technical indicators suggesting further growth. Experts highlight the role of institutional inflows and spot demand in driving this bullish trend. Additionally, CryptoSniper has taken long positions on BTC and ETH, indicating confidence in continued upward movement.

Portfolio Pulse from Murtuza Merchant

February 14, 2024 | 12:49 pm

ABNB

LYFT

QQQ

SPY

U.S. stocks are poised for a relief rally following a selloff driven by higher-than-expected January inflation data. The Nasdaq Composite and S&P 500 hit their lowest levels in about a week, with small-cap stocks experiencing significant declines. Futures indicate a positive opening, with SPDR S&P 500 ETF Trust and Invesco QQQ ETF showing premarket gains. Stocks like Lyft saw a significant premarket jump following earnings, while others like Airbnb and Akamai Technologies fell. Several companies are scheduled to report earnings, potentially influencing market movements.

Portfolio Pulse from Shanthi Rexaline

February 14, 2024 | 12:35 pm

BHIL

Benson Hill has retired its senior debt facility and sold its Creston, Iowa, soy processing business to White River Soy Processing for $72 million. This move could impact Benson Hill's financial stability and focus.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:23 pm

COGT

Cogent Biosciences announced a private investment of approximately $225M, which is expected to fund the company into 2027. This significant financial infusion is aimed at bolstering the company's cash, cash equivalents, and marketable securities.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:18 pm

SAGE

Sage Therapeutics reported that its year-end 2023 cash, cash equivalents, and marketable securities total $753 million, which is expected to support the company's operations into 2026. This financial position suggests a strong liquidity status and operational runway for the company, potentially impacting investor confidence positively.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:33 am

IREN

NVDA

Iris Energy announced a significant expansion of its AI cloud services business, tripling its capacity to 816 NVIDIA H100 GPUs. This move indicates Iris Energy's aggressive push into the AI and cloud computing markets, leveraging NVIDIA's advanced GPU technology.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:26 am

ES

Eversource Energy (NYSE:ES) reported Q4 FY23 revenue of $2.69 billion, missing the consensus of $3.24 billion. Adjusted EPS of $0.95 also missed the consensus of $0.97. The company announced the sale of its 50% stake in South Fork Wind and Revolution Wind to Global Infrastructure Partners, expecting to realize $1.1 billion and use it to repay debt. Eversource is also exploring the sale of its water business. Shares rose 1.10% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 11:15 am