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Equity Actions

TBLT

ToughBuilt Industries, Inc. (TBLT) announced a public offering of 772,628 shares at $4.53 per share, aiming to raise approximately $3.5 million. The offering includes warrants with an exercise price of $4.405, exercisable immediately and expiring in five years. H.C. Wainwright & Co. serves as the placement agent. The proceeds are intended for general corporate purposes, including working capital. The offering is expected to close around February 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:07 pm

SHLS

Shoals Technologies Gr (NASDAQ:SHLS) has been analyzed by 5 analysts, showing a shift towards a more cautious stance with a decrease in the average price target by 4.66% to $17.8. The company, a provider of EBOS solutions for solar energy projects, has seen a notable revenue growth of 47.77% as of September 30, 2023, but faces challenges in net margin, ROE, and ROA compared to industry benchmarks. Despite these challenges, its prudent debt management is highlighted by a low debt-to-equity ratio of 0.36.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 1:00 pm

FSLR

Analyst ratings for First Solar (NASDAQ:FSLR) over the past three months show a mix of bullish to bearish sentiments, with recent actions including ratings adjustments and price target changes. The average 12-month price target is now $202.33, down from $205.67. First Solar's financial performance is highlighted by a 27.37% revenue growth rate and a net margin of 33.5%, though it faces challenges with ROE and ROA below industry averages. The company is a leading manufacturer of thin-film solar modules.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 1:00 pm

CNHI

CNH Industrial's stock is trading higher following the announcement of its Q4 financial results and the issuance of FY24 guidance. Additionally, the company has authorized a $500 million stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:53 pm

YS

YS Biopharma has announced the appointment of six new members to its board, effective February 13, 2024, and has named Ajit Shetty as the permanent Chairperson of the Board. The new directors include Dr. Yuntao Cui, Dr. Jin Wang, Mr. Henry Chen, Mr. Haitao Zhao, Mr. Pierson Yue Pan, and Ms. Brenda Chunyuan Wu. Ajit Shetty, who has been serving as the Interim Chairperson since December 9, 2023, will assume his role as Chairperson on February 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:52 pm

ATMU

CMI

Cummins announced it will start an exchange offer to completely separate its remaining interest in Atmus Filtration Technologies. This follows Atmus' IPO in May 2023, where 19.5% of its stock was sold, leaving Cummins with 80.5%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:38 pm

CNHI

CNH Industrial (CNHI) has announced the authorization of an additional $500 million stock buyback program, following the completion of its current $1 billion buyback program. The repurchases will be made through various methods depending on market conditions and legal requirements, with no minimum purchase requirement. The program can be modified or discontinued at any time.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:33 pm

BHIL

Benson Hill has retired its senior debt facility and sold its Creston, Iowa, soy processing business to White River Soy Processing for $72 million. This move could impact Benson Hill's financial stability and focus.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:23 pm

GTEC

Greenland Technologies has announced that its board has approved the spin-off of its drivetrain systems business, leading to the creation of a new, pure-play industrial electric vehicle (EV) company. This strategic move is aimed at enhancing shareholder value by allowing the new entity to focus solely on the burgeoning industrial EV market.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:19 pm

COGT

Cogent Biosciences announced a private investment of approximately $225M, which is expected to fund the company into 2027. This significant financial infusion is aimed at bolstering the company's cash, cash equivalents, and marketable securities.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:18 pm