Streetbeat News

Assets

ESTA

Establishment Labs Holdings Inc. has announced a $50 million private placement. The company, which is known for its innovative medical technology, particularly in the aesthetic space, plans to use the proceeds from the private placement to fund its operations and growth initiatives. This influx of capital is expected to strengthen the company's financial position and support its strategic business objectives.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:07 pm

LNTH

Perspective Therapeutics has entered into an agreement with Lantheus Holdings, where Lantheus will pay $28 million upfront for the exclusive option to negotiate for an exclusive license to Perspective Therapeutics' Pb212-VMT-α-NET.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:05 pm

LSEA

Landsea Homes Corporation has completed the acquisition of Antares Homes for $232.2 million, significantly expanding its presence in the Texas housing market. This strategic move is expected to enhance Landsea Homes' product offerings and market reach in the region.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:05 pm

BA

COIN

JNPR

Analysts predict Bitcoin ETFs could face premiums up to 8% amid high anticipation and lobbying efforts for approval. Cathie Wood's ARK Invest halts Coinbase selling and invests $8M in a chip giant. Emirates President highlights Boeing's quality control issues after a 737 Max 9 incident. Jim Cramer believes Bitcoin is topping out as ETF approval nears. Solana-based meme coin Bonk surges 30%. Former SEC Chair Jay Clayton sees Bitcoin ETF approval as inevitable. Juniper Networks' stock surges on news of a potential $13B acquisition by Hewlett Packard Enterprise.

Portfolio Pulse from Akanksha Bakshi

January 09, 2024 | 12:47 pm

CHPT

EVGO

TSLA

Tesla, Inc. (TSLA) has significantly outpaced competitors ChargePoint Holdings, Inc. (CHPT) and EVgo Inc (EVGO) in the installation of fast chargers, adding 6,000 in 2023 while CHPT and EVGO added only 410 and 850, respectively. Tesla's unique connector design gives it a competitive edge. ChargePoint experienced a market value decline and a CEO change, with new CEO Rick Wilmer citing economic uncertainty as a reason for customers' reluctance to invest in chargers. U.S. public charging stations are behind BloombergNEF's 2023 forecast by 76%, and the U.S. is expected to trail China and Europe in charging infrastructure. CHPT and EVGO stocks are trading lower premarket, as is TSLA.

Portfolio Pulse from Nabaparna Bhattacharya

January 09, 2024 | 12:33 pm

VNT

Vontier Corporation has sold its Coats business to Victor Capital Partners for $72.5 million in an all-cash deal. Coats is expected to generate $110 million in revenue and $10 million in EBITDA for 2023. The financial results of Coats are included in Vontier's 'Other' segment and will be removed from continuing operations from the transaction's completion date, January 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:05 pm

ES

Eversource Energy (NYSE:ES) is in advanced talks to sell its 50% stake in three offshore wind projects to a global private infrastructure investor. The company will record an impairment charge of $1.4-$1.6 billion in Q4 due to revised construction costs, which will not affect future cash flows or current cash balances. Eversource will provide 2024 earnings guidance and other financial forecasts in an upcoming earnings call.

Portfolio Pulse from Shivani Kumaresan

January 09, 2024 | 11:44 am

FLNG

Flex LNG announced that its Flex Constellation ship will return in Q2 2024 after the charterer decided not to extend the charter option. This news follows an earlier report on Monday.

Portfolio Pulse from Charles Gross

January 09, 2024 | 11:09 am

CTRE

CareTrust REIT has acquired The Villas at San Bernardino, a 78-unit assisted living and memory care facility in California. CareTrust entered into a joint venture with a third-party investor, contributing $10.7 million in common and preferred equity, funded by cash on hand.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 11:04 am

MTCH

Elliott Management has taken a roughly $1 billion position in Match Group, the online-dating company. The Wall Street Journal reported this late Monday, indicating a significant investment by the activist hedge fund in the owner of popular dating platforms like Tinder.

Portfolio Pulse from Charles Gross

January 09, 2024 | 10:57 am