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CSLR

SPWR

SunPower announces a $45M asset sale to complete Solaria and files for Chapter 11 bankruptcy to maximize asset value. The company will continue to operate Blue Raven Solar and New Homes during the Chapter 11 process and seeks value-maximizing sale transactions for remaining assets.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:37 am

BBJP

DXJ

EWJ

The recent Japan 10-Year JGB auction yielded 0.926%, down from the previous 1.091%. This change in yield could impact ETFs with significant exposure to Japanese bonds and equities.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:54 am

IIPR

Innovative Industrial Properties, Inc. (NYSE:IIPR) reported its Q2 2024 financial results, highlighting a 4% revenue increase to $79.8 million, a 4.4% dividend boost to $1.90 per share, and portfolio expansions. The company maintains a strong balance sheet with $2.6 billion in assets and an 11% debt ratio.

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:00 pm

NINE

Nine Energy Service has updated its full-year 2024 capital expenditure guidance from $15M-$25M to $10M-$15M. The company reported $12.9M in net cash from operating activities and $2.5M in capital expenditures for Q2 2024, totaling $8.1M for the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:19 pm

SDRL

Seadrill revised its full-year 2024 guidance, now expecting revenues between $1.355 billion and $1.405 billion, down from the previous estimate of $1.45 billion. The revision is due to the Gulfdrill sale, delayed contract start dates for West Auriga and West Polaris, and uncommitted capacity for Sevan Louisiana and West Phoenix. Adjusted EBITDA is now expected to be between $315 million and $365 million.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:11 pm

VTS

Vitesse Energy has announced its capital expenditures for the fiscal year 2024, which are projected to be between $130 million and $150 million.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:06 pm

CRGY

Crescent Energy has announced its capital expenditure (Capex) for the second half of the year, which is expected to be between $460 million and $510 million.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:04 pm

VNO

Vornado Realty Trust (NYSE:VNO) announced that its 52% owned street retail joint venture has agreed to sell a portion of its U.S. flagship store at 666 Fifth Avenue to UNIQLO for $350 million. The proceeds will be used to partially repay Vornado's $390 million of preferred equity on the asset.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:46 pm

PETS

PetMed Express, Inc. (NASDAQ:PETS) has appointed Doug Krulik as Chief Accounting Officer effective August 19, 2024. Krulik brings over 20 years of experience in finance and accounting, previously serving as Vice President Finance and Controller at Etherio Holdings. In his new role, he will oversee the company's accounting functions, including financial reporting, treasury, tax, compliance, and internal controls.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:44 pm

ABTS

Abits Group reported a Q2 2024 mining output of 24.09 Bitcoins, down from 36.9 Bitcoins in Q1 due to halving. The company achieved a higher hash rate of 360 PH/s with the introduction of hydro cooling and expects to reach 400 PH/s in Q3. Abits Group plans to build a 22MW site on a newly acquired 55-acre property in Wisconsin, expanding to 35MW by Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:40 pm