Streetbeat News

Equity Actions

ENPH

Enphase Energy, Inc. (ENPH) has entered the Greek solar market with the launch of its IQ8 Microinverters and IQ Batteries. This comes as the Greece Ministry of Environment and Energy has launched a subsidy program to expand solar-plus-battery storage systems and reach its goal of building two gigawatts of residential solar capacity by 2030. The program covers up to 65% of solar system costs and approximately 90% of battery costs.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 12:11 pm

DM

JELD

LLAP

WNS

The article lists four industrial stocks that are considered oversold and may present a buying opportunity. These include Desktop Metal, Inc. (DM), WNS (Holdings) Limited (WNS), Terran Orbital Corporation (LLAP), and JELD-WEN Holding, Inc. (JELD). The companies have reported various updates including termination of shareholder rights plan, revenue reports, public offerings, and quarterly results.

Portfolio Pulse from Lisa Levin

October 23, 2023 | 12:11 pm

NDSN

Nordson Corporation (NDSN) announced that its Executive Vice President and CFO, Joseph Kelley, will take on the role of Executive Vice President and Industrial Precision Solutions segment leader, effective November 1, 2023. Kelley will replace Jeffrey Pembroke, who is retiring after 18 years of leadership. Stephen Shamrock will act as interim CFO.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:10 pm

ALGS

Aligos Therapeutics, Inc. (NASDAQ:ALGS) has announced a private placement financing expected to generate $92 million in gross proceeds. The funds will be used to advance its portfolio of drug candidates, including its Phase 2a NASH, ALG-055009 study, and its CAM-E candidate, ALG-000184. The financing is expected to extend the company's cash runway through the end of 2025.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 12:09 pm

NCNC

noco-noco is set to acquire X-SEPA Separator and lithium-ion battery development company noco-tech. The acquisition will be funded by issuing up to twenty-five million new shares at $2 per share. The acquisition is expected to be accretive to noco-noco's EPS once deliveries start.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:53 am

FMC

FMC Corporation has initiated an immediate restructuring process in Brazil and launched a broader, more comprehensive process to review and adjust its total company cost structure.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:41 am

PTN

Palatin Technologies has announced a $5M registered direct offering. The company will issue and sell 2,358,491 shares of its common stock at a purchase price of $2.12 per share. Additionally, Palatin will issue warrants to purchase up to an aggregate of 2,358,491 shares of common stock at an exercise price of $2.12 per share.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:39 am

HARP

Harpoon Therapeutics has announced a private placement of up to $150 million. The funds will be used to advance the company's pipeline of T cell engagers.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:19 am

EGLX

Enthusiast Gaming has announced its intention to voluntarily delist from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:17 am

GLD

SPY

UUP

On Friday, October 20, U.S. stock markets closed in red due to concerns about potential interest rate increases and the Israel-Hamas conflict. All S&P 500 sectors experienced declines, with technology and financials leading the downturn. Asian and European markets also slid on Monday. Commodities were trading lower, with Crude Oil WTI down by 0.41% and Gold down by 0.83%. U.S. Dollar Index was up 0.06%.

Portfolio Pulse from Akanksha Bakshi

October 23, 2023 | 11:00 am