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HUT

Hut 8 Mining shares are experiencing a surge due to the increase in the price of Bitcoin.

Portfolio Pulse from Luke J Jacobi

September 18, 2023 | 12:27 pm

IZM

ICZOOM Group Inc. (NASDAQ:IZM), a B2B electronic component products e-commerce platform, has detailed its accelerated growth and market expansion strategy. The company has leveraged its strengthened balance sheet and global brand following its successful Nasdaq listing. ICZOOM reported $290.4 million in revenue for the fiscal year 2022, attributing its success to its focus on serving small and medium-sized enterprises in China's electronic component market. The company plans to leverage its balance sheet to support growth opportunities, driven by high demand for its anonymous trading platform and broader market drivers such as AI proliferation and electronic component growth in various industries.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:14 pm

KN

Knowles Corporation has announced strategic actions to accelerate its transformation. The company plans to acquire Cornell Dubilier for a total cash consideration of $263 million. Additionally, Knowles is exploring strategic options for its Consumer MEMS Microphones segment.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:09 pm

GEHC

GE HealthCare (NASDAQ:GEHC) has been awarded a $44 million grant from the Bill & Melinda Gates Foundation to develop AI-assisted ultrasound technology aimed at improving healthcare outcomes in low-and-middle-income countries. The technology will be designed by Caption Health, a medical AI company acquired by GE HealthCare in 2023. The grant will facilitate the development of AI-assisted applications and tools to enable healthcare professionals with less experience to perform quick and accurate ultrasound scans.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:05 pm

CCCS

Private equity firm Advent International is reportedly exploring a sale of CCC Intelligent Solutions, which has a market value of $7.1 billion.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:41 am

AEHR

Aehr Test Systems (AEHR) has secured an order from a new customer for its FOX-NP multi-wafer test and burn-in system for Silicon Carbide MOSFETs. The order is expected to boost the company's revenues and market presence.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:33 am

BTG

B2Gold has provided a construction update for the Goose Project in Nunavut, Canada. The project remains on budget and is in line with the C$800M cost estimate. The company is on track to pour its first gold in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:27 am

ORGN

Origin Materials has been awarded funding from BioMADE, a manufacturing innovation institute, to advance the Department of Defense's sustainability goals.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:23 am

PLYM

Plymouth Industrial REIT has sold its 306,552-square-foot industrial building in Chicago for $19.9 million. After paying off a $5.8 million mortgage and other adjustments, the net proceeds are $13.9 million. The company plans to use the proceeds to pay down outstanding borrowings on its credit facility and fund its development program.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:21 am

HL

Hecla Mining Company has updated on the previously reported fire at its Lucky Friday Mine. The fire has been extinguished, normal ventilation has been reestablished, and the workforce has been recalled. However, the incident will suspend production for the rest of 2023. The company does not anticipate a material change to its 2024 consolidated silver production guidance.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:16 am