Streetbeat News

Assets

SHIP

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has repurchased 362,161 common shares at an average price of $4.35 per share, representing a 11.2% discount from the closing price of July 5, 2023. The company also entered into a 12-month bareboat charter agreement with a third party in Japan for a Newcastlemax dry bulk vessel. Seanergy has advanced a down payment of $3.5 million and will pay an additional $3.5 million on delivery of the vessel, as well as a daily bareboat rate of $9,000 over the charter period. Seanergy has an option to purchase the vessel for $20.2 million after 12 months.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 12:32 pm

SPY

The US May Trade Balance has been reported as $69.00B, which is in line with the estimated figure.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 12:31 pm

MIGI

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) has secured a new mining site in Bellefonte, Pennsylvania, which is already operational with approximately 2,600 miners. The site has 8 MW of immediately available power and can be expanded by an additional 16 MW. The company plans to use the site as a 100% self-mining facility and a testing facility for the latest generation ASIC designs and hardware.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 12:22 pm

SPY

VGK

Bulgaria is nearing a deal to sell Russian-made nuclear reactors and other equipment to Ukraine for at least $650M. The U.S. could potentially be involved in financing the deal.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 12:19 pm

AMRC

Ameresco, Inc. (NYSE:AMRC) has secured four contracts for Battery Energy Storage System (BESS) projects with Middle River Power (MRP) at California gas power plants. The projects, which will add 379 megawatt-hours to the California grid, are designed to enhance the efficiency of MRP's natural gas power plants and support California's goal of 100% renewable energy by 2045. The work is expected to start in Summer 2023 and be completed by Q3 2024.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 12:16 pm

OR

Osisko Gold Royalties Ltd (OR: TSX & NYSE) has announced preliminary Q2 2023 results, including earnings of approximately 24,645 attributable gold equivalent ounces (GEOs). This includes 1,527 GEOs earned from the recently acquired CSA silver stream. The company recorded preliminary revenues from royalties and streams of $60.5 million and a quarterly cash margin of approximately $56.2 million. Full production and financial details will be released after market close on August 9th, 2023.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 12:08 pm

SMR

NuScale Power Corporation (NYSE:SMR) has appointed Carl Fisher as the Chief Operating Officer (COO) effective from July 24, 2023. Fisher will lead several functions including operations, engineering, project management, quality assurance, information technology, and regulatory affairs. He will report to John Hopkins, NuScale's President and CEO. Prior to this, Fisher was involved in nuclear reactor operations and managing instrumentation and control startup, operations, maintenance, and commissioning activities.

Portfolio Pulse from Shivani Kumaresan

July 06, 2023 | 11:51 am

DOGEUSD

SHIBUSD

Shiba Inu token (SHIB) has seen a surge in network growth despite repressed prices, according to on-chain analytics platform Santiment. The analysis highlights increased investor engagement, potential for future gains due to unrealized losses, and a decrease in SHIB supply on exchanges. Despite a surge in trading volume on June 30, both Shiba Inu and Dogecoin (DOGE) have experienced a decline in volume. SHIB was trading at $0.000007519, down 2.75% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 06, 2023 | 11:48 am

DFLI

NXU

SOS

UAVS

UP

The article lists the top 5 oversold stocks in the industrials sector, which could present an opportunity for investors. The companies mentioned are Dragonfly Energy Holdings Corp. (DFLI), AgEagle Aerial Systems, Inc. (UAVS), SOS Limited (SOS), Nxu, Inc. (NXU), and Wheels Up Experience Inc. (UP). All these stocks have an RSI value below 30, indicating they are oversold and could potentially rebound.

Portfolio Pulse from Lisa Levin

July 06, 2023 | 11:45 am

FXI

SPY

A senior U.S. official has stated that discussions are expected regarding China's move to require licenses for the export of gallium and germanium. This could potentially impact trade relations and the supply chain of these elements.

Portfolio Pulse from Charles Gross

July 06, 2023 | 10:34 am