Streetbeat News

Earnings

NVVE

SMXT

SOL

VSTE

In Monday's intraday session, several industrials stocks experienced significant movements. Vast Renewables (VSTE) saw a notable increase of 171.5%, while Nuvve Holding (NVVE) faced a sharp decline of 28.2%. Other stocks such as Emeren Group (SOL) and SolarMax Technology (SMXT) also saw considerable gains, attributed to recent earnings reports. Conversely, companies like Laser Photonics (LASE) and Expion360 (XPON) experienced declines following their earnings announcements.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:31 pm

CXAI

INLX

MMAT

ONDS

In Monday's intraday session, several information technology stocks showed significant movement. CXApp, Meta Materials, and Ondas Holdings were among the top gainers, with CXApp leading at a 156.4% increase. On the losing end, Intellinetics, Sobr Safe, and Strong Global saw notable declines, with Intellinetics dropping by 23.2%. These movements reflect the dynamic nature of the tech stock market, influenced by factors such as quarterly earnings reports.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:30 pm

HD

Home Depot Inc (NYSE:HD) shares fell after announcing the acquisition of SRS Distribution for $18.25 billion. Analysts from Wedbush and Telsey Advisory Group predict the acquisition will strengthen Home Depot's market positioning and drive earnings growth. Wedbush raised its price target from $380 to $410, citing the deal's potential to increase Home Depot's total addressable market by $50 billion. Telsey Advisory Group raised its price target from $335 to $360, noting the acquisition's accretive impact on non-GAAP earnings, despite being dilutive on a GAAP basis due to amortization expense.

Portfolio Pulse from Priya Nigam

April 01, 2024 | 4:29 pm

SGML

Sigma Lithium Corporation (NASDAQ:SGML) shares surged after announcing Q4 FY23 results, including $37.7 million in revenue from three shipments of Quintuple Zero Green Lithium, and a Final Investment Decision to double production. The company reported a net loss of $(9.5) million and an adjusted EBITDA of $31.3 million. Capital expenditures were $6.5 million, with free cash flow around $30 million. Sigma Lithium plans to increase its annual lithium capacity to 520,000 tonnes by 2025, aiming to power approximately 1.8 million electric vehicles. The company also disclosed a delay in filing its annual information form and annual report due to additional audit procedures.

Portfolio Pulse from Lekha Gupta

April 01, 2024 | 4:23 pm

HP

Analysts have diverse views on Helmerich & Payne (NYSE:HP), with recent evaluations showing a mix of bullish to bearish sentiments. The average 12-month price target is $43.71, down 1.04% from the previous $44.17. The company faces financial challenges, including a -5.9% revenue decline and a net margin below industry averages, despite a strong ROE and ROA. Helmerich & Payne operates a large fleet of land drilling rigs in the U.S. and has a presence in major U.S. shale plays.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:00 pm

OZK

Five analysts have recently updated their ratings on Bank OZK (NASDAQ:OZK), showing a mix of opinions from bullish to bearish. The average 12-month price target is now $48.6, down from $51.67, indicating a negative sentiment shift. Analysts from Truist Securities, Citigroup, Wells Fargo, and Raymond James have adjusted their price targets and ratings, reflecting changes in market conditions and Bank OZK's performance. Bank OZK has shown strong financial performance with a revenue growth of 13.62%, a net margin of 41.18%, and above-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:00 pm

PLMR

Recent analyst ratings for Palomar Holdings (NASDAQ:PLMR) show a positive trend, with 5 analysts offering views ranging from bullish to indifferent. The average 12-month price target has been raised to $84.00, reflecting a 13.82% increase from the previous $73.80. Analysts from firms like Piper Sandler and Jefferies have raised their price targets, indicating a bullish outlook based on Palomar's strong financial performance, including a notable revenue growth rate of 18.92% and a high net margin of 24.57%.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:00 pm

LYFT

Lyft has seen significant trading activity in its options market, with a notable volume of May 17 $25 calls being purchased at $0.58 each, compared to an open interest of 1230. This activity comes ahead of Lyft's earnings report, which is estimated to be released after the market closes on May 2. The reference price for Lyft's stock at the time of the option trades was $19.3.

Portfolio Pulse from Charles Gross

April 01, 2024 | 4:00 pm

LASE

Laser Photonics, trading under the symbol LASE, has seen its shares decline following the announcement of a delay in the reporting of its Q4 and FY23 earnings release and call.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:57 pm

SGRP

VXF

SPAR Group, Inc. (NASDAQ:SGRP) shares surged after reporting Q4 financial results surpassing expectations and announcing the sale of its interests in South Africa and Brazil for approximately $22 million. The company's adjusted EPS was $0.11, beating the consensus of $(0.01), with sales of $65.10 million also exceeding expectations. Gross profit increased to $14.9 million from $13.4 million the previous year, attributed to various strategic initiatives. The divestitures are expected to close in Q2. Investors can also gain exposure to SGRP through the Vanguard Extended Market ETF (NYSE:VXF).

Portfolio Pulse from Lekha Gupta

April 01, 2024 | 3:49 pm