Streetbeat News

Equity Actions

ELWS

IINN

PSN

Parsons Corp (PSN) shares surged 12% following Q4 financial results and FY24 revenue guidance surpassing estimates. Earlyworks (ELWS) saw a 229% increase due to two passive stakes. Inspira (IINN) jumped 124% after receiving its first US patent for a blood oxygenation delivery system, a key technology in its INSPIRA ART500 device.

Portfolio Pulse from ryanfaloona@benzinga.com

February 14, 2024 | 1:37 pm

ENGN

enGene Holdings Inc (NASDAQ:ENGN) shares surged 45.2% to $11.40 after the announcement of CEO Jason Hanson's resignation for personal reasons and a private placement of 20 million shares at $10.00 each, aiming to raise $200 million. The financing is set to close on February 16. The company's stock is currently trading above its 200-day moving average of $8.48, indicating a bullish signal for investors.

Portfolio Pulse from Henry Khederian

February 14, 2024 | 1:36 pm

ODFL

Old Dominion Freight Line (ODFL) has seen a decrease in short interest, with 2.03 million shares sold short, representing 2.08% of its float. This is below the peer group average of 4.55%. The reduction in short interest suggests a more bullish sentiment among investors towards ODFL.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 1:15 pm

AZTR

Azitra Inc (NASDAQ:AZTR) shares plummeted 67.8% to $0.28 after announcing a public offering of 16.667 million shares at $0.30 each, aiming to raise about $5 million. The funds are designated for clinical trials, product development, and other corporate purposes. The offering, managed by ThinkEquity, is expected to close on February 16.

Portfolio Pulse from Henry Khederian

February 14, 2024 | 1:10 pm

AZTR

Azitra's stock is trading lower following the announcement of a $5 million public offering, which includes 16.667 million common shares priced at $0.30 each.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:09 pm

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