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PSNY

Polestar, a Swedish electric vehicle manufacturer, expects to deliver between 60,000 and 70,000 vehicles in 2023, with a gross margin of 4%. PSNY, the SPAC that is taking Polestar public, is directly mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:06 am

UGI

UGI Corporation (NYSE:UGI) has initiated a process to evaluate potential strategic alternatives to maximize shareholder value. The review will focus on the LPG businesses and aims to reduce UGI's earnings volatility and strengthen its balance sheet. The company has engaged Goldman Sachs & Co. LLC and J.P. Morgan Securities, LLC as advisors. UGI shares traded higher by 7.40% at $24.83 premarket Thursday.

Portfolio Pulse from Shivani Kumaresan

August 31, 2023 | 11:05 am

TITN

Titan Machinery has revised its growth forecast for its Construction Segment Revenue, now expecting a 5-10% increase, down from the previous flat-up 5% prediction. The company also anticipates a 5-10% rise in Europe Segment Sales, a decrease from the earlier 8-13% range.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:52 am

DLTH

Duluth Holdings Inc has updated its fiscal 2023 outlook, with net sales expected to be in the range of $645M-$660M, adjusted EBITDA between $40M-$42M, and EPS between $(0.15)-$(0.08) per diluted share. The company also plans capital expenditures of approximately $55M.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:50 am

NAAS

NaaS Technology Inc. (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, has entered into a convertible note purchase agreement with LMR Partners Limited. The agreement involves a $40 million convertible note, which can be converted into American depositary shares representing the company's ordinary shares. The company and the investor also entered into a derivative arrangement with respect to the ADSs.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:36 am

SAGE

Sage Therapeutics is refining its pipeline development efforts to advance SAGE-718 & SAGE-324, while pausing certain earlier-stage programs. Chris Benecchi will oversee Medical Affairs following the departure of Mark Pollack. The company expects annualized net savings of approximately $240 million, 60% of which is related to R&D.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:34 am

AMPE

Ampio Pharmaceuticals has approved a 20-to-1 reverse stock split, which will be effective at 4:01 pm ET on September 11.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:33 am

ANET

Citigroup analyst Atif Malik has upgraded Arista Networks (NYSE:ANET) from Neutral to Buy and raised the price target from $177 to $220.

Portfolio Pulse from richadhand@benzinga.com

August 31, 2023 | 10:29 am

QH

Quhuo Limited (QH) is exploring potential partnerships to collectively advance the electric vehicle sector.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:08 am

FLNC

Fluence Energy has inaugurated its India Innovation Centre in Bangalore, aiming to accelerate its global growth. The company's expansion into India is expected to boost its global presence and contribute to its growth strategy.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 6:15 am