Streetbeat News

Assets

GEVO

Gevo shares rose following the announcement of a $1.46 billion DOE conditional commitment loan for its sustainable aviation fuel plant in South Dakota.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:56 pm

CLMT

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

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:56 pm

CLMT

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

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:56 pm

GEVO

Gevo has received a conditional commitment from the Department of Energy for a $1.46 billion loan to support its Net-Zero 1 Sustainable Aviation Fuel Plant in South Dakota. The loan facility has a borrowing capacity of $1.63 billion, including capitalized interest during construction.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:55 pm

CLMT

Montana Renewables, a subsidiary of Calumet, has secured a $1.44 billion conditional commitment from the DOE to expand its renewable fuels and biomass energy facility. This expansion will make it one of the largest producers of Sustainable Aviation Fuel globally.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:51 pm

USO

The American Petroleum Institute (API) reported a crude oil stock draw of 1.58 million barrels, contrary to the expected build of 3.2 million barrels. This unexpected draw could influence oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:39 pm

JAZZ

Jazz Pharmaceuticals' unit has terminated its lease agreement with Stanford University, effective June 30, 2025, and will pay a lease modification fee. The unit has signed a new lease with Hudson Palo Alto Square to occupy new premises by July 1, 2025.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:25 pm

IYR

VNQ

XLRE

Floyd Mayweather is investing $402 million in a 1,000-unit affordable housing portfolio in NYC, potentially benefiting from tax breaks. Real estate ETFs like IYR, VNQ, and XLRE saw gains following the news.

Portfolio Pulse from Anthony Noto

October 16, 2024 | 8:25 pm

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 16, 2024 | 8:20 pm

PSX

Phillips 66 plans to cease operations at its Los Angeles-area refinery in the fourth quarter. This decision could impact the company's production capacity and financial performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:20 pm