Streetbeat News

Assets

BX

Blackstone reported a 10% year-over-year increase in assets under management (AUM) for Q3, reaching $1.11 trillion.

Portfolio Pulse from Mohit Manghnani

October 17, 2024 | 11:03 am

GEVO

Gevo shares rise as the company secures a $1.46 billion DOE conditional commitment loan for its sustainable aviation fuel plant in South Dakota.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:49 am

CLMT

Calumet shares rose following the announcement that its subsidiary, Montana Renewables, received a $1.44 billion conditional commitment from the DOE for a renewable fuels and biomass energy facility.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:49 am

SLQT

SelectQuote shares rose following the completion of the first phase of its recapitalization, involving a $100 million securitization transaction.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:48 am

SNA

Snap-on Inc. has announced its projected capital expenditures for 2024, estimating around $100 million. This investment indicates the company's commitment to growth and development.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:34 am

MTB

M&T Bank's CET1 capital ratio increased to 11.54% as of September 30, 2024, marking a 9 basis point rise from June 30, 2024. The bank also repurchased $200 million worth of its common stock in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:24 am

INFN

Infinera has signed a non-binding preliminary memorandum to receive up to $93 million in direct funding as part of the CHIPS Act. This funding, along with investment tax credits, could total over $200 million in federal incentives, plus potential state and local incentives.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:10 am

AXL

American Axle & Manufacturing Holdings, Inc. (AAM) is selling its commercial vehicle axle business in India to Bharat Forge Limited for $65 million. The transaction includes manufacturing facilities in Pune and Chennai, but excludes the Chakan facility and Pune Business Office.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:02 am

NICE

NTNX

TMDX

Meme-based cryptocurrencies like Dogecoin, Shiba Inu, and Pepe have rapidly achieved billion-dollar valuations, surpassing the time it took for some Nasdaq-listed companies. However, these meme coins often lack strong fundamentals, leading to volatile price movements.

Portfolio Pulse from Aniket Verma

October 17, 2024 | 7:28 am

CLMT

GEVO

Calumet Inc (NASDAQ:CLMT) and Gevo Inc (NASDAQ:GEVO) shares surged after receiving conditional loan commitments from the U.S. Department of Energy for renewable fuel projects. Calumet's loan is for $1.44 billion for a renewable fuels facility, while Gevo's is for $1.46 billion for its Net-Zero 1 project.

Portfolio Pulse from Adam Eckert

October 16, 2024 | 10:07 pm