Streetbeat News

Assets

AMPS

Altus Power has added 3 MW of solar assets in the Greater Boston Area, which adds to the company's existing 117 MW in Massachusetts.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:32 am

AEIS

Advanced Energy Industries, Inc. (AEIS) has announced the pricing of $500 million of 2.50% convertible senior notes due 2028. The sale of the notes is expected to close on March 5, 2021, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:21 am

STLA

Stellantis has opened its first Battery Technology Center in Turin, Italy, following a €40 million investment. The center will focus on the design, development, and testing of battery packs, modules, high-voltage cells, and software for upcoming Stellantis vehicles. The company is also building a similar center in Windsor, Ontario, Canada, as part of a global battery development and manufacturing network.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:05 am

STX

Seagate HDD Cayman, a subsidiary of Seagate Technology Holdings plc (NASDAQ:STX), has priced its offering of $1.3 billion aggregate principal amount of exchangeable senior notes due 2028 at 100% of the aggregate principal amount. The notes will bear interest at a rate of 3.50% per annum. The company has also granted the initial purchasers an option to purchase up to an additional $200 million aggregate principal amount of notes to cover over-allotments.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:01 am

STLA

Stellantis executive has announced the company's commitment to building 6 gigafactories globally, with plans for more in the future.

Portfolio Pulse from Charles Gross

September 08, 2023 | 10:23 am

HBM

Hudbay Minerals Inc. has announced the results of the enhanced pre-feasibility study for Phase I of its 100%-owned Copper World project in Arizona. The study enhances the economics and de-risks the project through higher levels of engineering, a simplified project design, lower upfront capex, and a longer mine life. The company will continue to be prudent with its financing plans for Copper World.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 10:07 am

SOLUSD

Tech YouTuber Marques Brownlee has criticized the Solana Saga cryptocurrency phone, calling it 'completely useless' for most users. The phone is geared towards the Solana (CRYPTO: SOL) cryptocurrency stack and does not connect to other blockchains. Despite its clean software and good build quality, Brownlee believes the phone's $600 price tag is not justified.

Portfolio Pulse from Rounak Jain

September 08, 2023 | 10:02 am

ARES

Ares Management has led a $550 million funding round for Virgin Voyages, with additional capital coming from existing investors including Virgin Group and Bain Capital.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 9:06 am

BTCUSD

RIOT

Riot Platforms Inc. (NASDAQ:RIOT) received $31.7 million in energy credits from the Electric Reliability Council of Texas (ERCOT) after voluntarily reducing its energy consumption during a heatwave. The value of these credits exceeded the worth of the 333 Bitcoins mined by Riot in August, which was approximately $8.9 million. Despite net losses of over $500 million in 2022, Riot's stock has increased by around 230% in 2023 due to Bitcoin's recovery.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 7:51 am

VSH

Vishay Intertechnology has priced its offering of $650 million of 2.25% convertible senior notes due 2030.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:40 am