Streetbeat News

Partnerships

RNW

ReNew Energy has surpassed 10 GW of gross renewable energy assets, making it one of the fastest clean energy companies to reach this milestone. In FY24, the company added 1.94 GW, bringing its revenue-generating capacity to 9.52 GW. ReNew, listed on Nasdaq as RNW, contributes about 10% to India's RE generation and plans to double its RE asset portfolio to 20 GW by 2027/28. The company's expansion is supported by a strong balance sheet of around $10.6 billion as of December 31, 2023. ReNew's growth aligns with India's goal to achieve 500 GW of non-fossil fuel energy capacity by 2030.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:40 pm

WKHS

Workhorse Group has expanded its dealer network by adding Ziegler Truck Group. This move is aimed at enhancing Workhorse's distribution capabilities and market reach for its electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:38 pm

FEPI

FTXL

MU

PSI

QCOM

SOXQ

Micron Technology, Inc. (MU) and Qualcomm Incorporated (QCOM) have partnered to integrate Micron's automotive-grade memory and storage solutions into Qualcomm's Snapdragon Digital Chassis for AI-powered intelligent vehicle development. This collaboration aims to enhance the performance and safety of next-generation vehicles. MU stock has seen a 93% increase over the past year, while QCOM stock has gained over 41%. Investors can also gain exposure to these stocks through ETFs like FEPI, FTXL, SOXQ, and PSI.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 12:38 pm

ABVC

ABVC BioPharma, Inc. (NASDAQ:ABVC) has executed a term sheet with OncoX BioPharma, Inc. for the global licensing of its Oncology/Hematology products, expecting to receive $55M in licensing income and up to $50M in royalties. The deal includes clinical trial, registration, manufacturing, supply, and distribution rights for ABVC's pipeline, with the US FDA approving four INDs for various cancers. The partnership aims to leverage both companies' strengths to drive innovation and create value in the Oncology/Hematology sector.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:38 pm

KULR

KULR Technology Group, Inc. (NYSE:KULR) has successfully delivered custom-designed KULR ONE battery packs to the U.S. Army, significantly enhancing the efficiency and longevity of Uninterruptible Power Supplies in tactical command settings. This delivery under a multi-year contract represents a major achievement in KULR's commitment to innovation and specialized energy solutions, achieving an 80% improvement in UPS run times for the Army's future command posts.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:36 pm

NXL

Nexalin Technology, under CEO Mark White, has reported significant progress in 2023 and is poised for greater achievements in 2024, focusing on improving mental healthcare outcomes. The company announced positive clinical results for its Gen-2 tACS device in treating mTBI and PTSD among military veterans, and chronic insomnia in adults, with data published in the Journal of Psychiatric Research. Nexalin introduced the HALO™ Clarity and the Virtual Clinic, aiming to enhance treatment accessibility. The company has formed a military and government advisory board, received regulatory approval in Oman, and is pursuing FDA approval in the US. Nexalin's IP portfolio has been strengthened with new patents extending through 2040, covering its core technology and the HALO™ Clarity system.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:36 pm

AVGO

DRI

GES

NVDA

Notable insider sales were reported for NVIDIA, Broadcom, Guess?, and Darden Restaurants, with insiders selling shares at significant amounts. These sales could indicate various sentiments about the companies' future prospects or stock valuations. Additionally, partnerships, analyst ratings, and quarterly results were highlighted for these companies.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:34 pm

AMZN

TOON

Kartoon Studios has announced the launch of a Stan Lee storefront on Amazon.com, expanding its merchandise offerings related to the iconic comic book creator. This move is expected to enhance Kartoon Studios' brand visibility and potentially increase sales through Amazon's vast customer base.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:34 pm

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) announced a second agreement with HEO for hosting the NEI imager HOLMES-006 on LizzieSat-3, part of the Bandwagon-2 launch in November 2024. This follows a previous agreement to host HOLMES-004 on LizzieSat-2. The partnership aims to enhance the space ecosystem by providing high-quality non-Earth imaging and data services.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:32 pm

M

Macy's, Inc. (NYSE:M) announced the appointment of Richard Clark and Richard L. Markee to its Board of Directors, following engagement with Arkhouse, which led to the termination of its proxy contest. Tony Spring assumes the chairman role, and Douglas W. Sesler joins the Board, following the retirements of Jeff Gennette and Frank Blake. The Board is engaging with Arkhouse and Brigade regarding a proposal to acquire Macy's, with due diligence information being shared.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:32 pm