Streetbeat News

Bankruptcy

JRVMF

Jervois Global Limited has appointed KPMG as voluntary administrators, indicating financial distress. This development could impact the company's operations and stock performance.

Portfolio Pulse from

March 12, 2025 | 12:30 pm

QVCGA

Qurate's valuation at 0.8x P/FCF offers a high-risk, high-reward opportunity. Strategic debt refinancing has reduced bankruptcy risk, and meeting the 3.5x debt threshold could unlock significant shareholder value.

Portfolio Pulse from

March 10, 2025 | 3:00 pm

JRVMF

Jervois Global Limited has received confirmation orders for its Chapter 11 recapitalization process. The company is working with secured creditors to meet conditions for the process to become effective.

Portfolio Pulse from

March 10, 2025 | 1:15 pm

TEF

Telefonica has engaged Rothschild to assist in selling its Peru unit, which recently filed for bankruptcy protection.

Portfolio Pulse from

March 06, 2025 | 7:15 am

NKLA

RIVN

The article discusses the prediction that Rivian (RIVN) might be the next electric vehicle (EV) maker to face financial difficulties, following the struggles of Nikola (NKLA).

Portfolio Pulse from

March 05, 2025 | 5:00 pm

UNTC

Unit Corporation (UNTC) offers a high dividend yield but faces challenges with declining production and asset sales, raising concerns about long-term sustainability. Despite its small market cap, it has outperformed major indices, leveraging contract drilling and asset sales to fund dividends. UNTC is gradually selling off its business post-bankruptcy, with special dividends and potential buyout offers, making it a short-term investment opportunity.

Portfolio Pulse from

March 04, 2025 | 9:30 am

NOVA

Sunnova Energy, a major solar installer, is facing potential bankruptcy, highlighting the volatility in the solar industry.

Portfolio Pulse from

March 03, 2025 | 10:45 pm

NOVA

Sunnova Energy is facing severe financial distress, issuing a 'going concern' warning due to a heavy debt load and high financing costs. Despite growth in customer acquisition and revenue, the company's stock has dropped over 60%, and it lacks a clear plan to address its liquidity crisis.

Portfolio Pulse from

March 03, 2025 | 10:30 pm

SPHR

Sphere Entertainment's stock fell after the company reported a decline in Q2 revenue and announced that its MSG Networks unit might consider bankruptcy if it fails to refinance its debt.

Portfolio Pulse from

March 03, 2025 | 5:30 pm

ABVE

Above Food Ingredients Inc. (NASDAQ: ABVE) announced that the Royal Bank of Canada has applied for receivership for its subsidiary, Purely Canada Foods Corp. This follows PCFC's limited operations over the past six months due to relicensing requirements.

Portfolio Pulse from

March 02, 2025 | 10:30 pm