Streetbeat News

Equity Actions

TSLA

During the earnings call, Elon Musk expressed that a dual class stock structure would be ideal for Tesla, aiming for influence rather than control.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:54 pm

NVVE

On January 19, 2024, Rashida La Lande resigned as Chairperson and Board Member of Nuvve Holding Corp. Jon M. Montgomery has been appointed as the Interim Chairperson of the Board, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:44 pm

URI

United Rentals, Inc. (NYSE:URI) reported Q4 earnings with adjusted earnings of $11.26 per share, surpassing estimates of $10.93. Revenue was $3.73 billion, exceeding estimates of $3.62 billion and showing a 13% year-over-year growth. Rental revenue hit a record $3.119 billion, up 13.5% from the previous year. Adjusted EBITDA reached a record $1.809 billion, though the margin fell by 150 basis points to 48.5%. The company announced a new $1.5 billion share repurchase program to be completed by Q1 2025. United Rentals forecasts full-year 2024 revenue between $14.65 billion and $15.15 billion, compared to an estimate of $14.805 billion. After the earnings release, URI shares rose 3.31% to $596 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 24, 2024 | 10:37 pm

XELB

Xcel Brands has announced a 30% investment in ORME, a New York-based short-form video marketplace. ORME focuses on content created by shoppers, creators, influencers, and brands in the digital space. The platform was co-founded by Xcel Brands and KonnectBio, Inc. No financial terms of the investment were disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:27 pm

ADT

ADT Inc. has announced its exit from the residential solar business, a strategic move to streamline its operations. Alongside this decision, the company has increased its quarterly dividend by 57%, demonstrating confidence in its financial health and commitment to returning value to shareholders. Additionally, ADT has authorized a new $350 million share repurchase program, which may indicate a belief by the company's management that its stock is undervalued and represents a good investment opportunity.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:05 pm

ADT

ADT Inc. (NYSE:ADT) has announced its decision to exit the residential solar business, choosing to concentrate on its core security and smart home business with an emphasis on cash flow generation and capital-efficient growth.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:03 pm

ADT

ADT Inc. has announced a significant increase in its quarterly dividend, raising it by 57% to $0.055 per share. Additionally, the company has authorized a new $350 million share repurchase program. These moves reflect ADT's confidence in its financial stability and commitment to returning value to its shareholders.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:02 pm

AKTS

Akoustis has announced its intention to offer and sell shares of its common stock through a public offering, although specific terms have not been disclosed. The company plans to use the net proceeds to fund operations and business growth, including capital expenditures, working capital, R&D, commercialization of technology, potential strategic transactions, and other general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:48 pm

FSBW

FS Bancorp has announced an increase in its quarterly dividend from $0.25 to $0.26 per share.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:45 pm

DKL

Delek Logistics Partners, LP has announced an increase in its quarterly cash distribution to $1.055 per common limited partner unit. This represents a positive development for the company's shareholders, indicating a potential increase in shareholder value and a strong signal of the company's financial health and commitment to returning value to its investors.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:40 pm