Streetbeat News

Partnerships

AQMS

Aqua Metals has successfully acquired a five-acre parcel in Tahoe-Reno and has significantly advanced the development of the Sierra AquaRefining Campus by completing major upgrades to the existing building. This development is on schedule and within budget, with commissioning set to begin in the summer and commercial production expected to start within the year. Additionally, Aqua Metals has secured an offtake partnership, which is likely to support its commercial activities.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:28 pm

IVA

Inventiva reported a significant increase in its FY23 revenues to €17.5 million, up 43.4% from €12.2 million in 2022, driven by licensing agreements with CTTQ and Hepalys for the development of lanifibranor in MASH/NASH. However, the company's net loss widened to €110.4 million from €54.3 million due to increased R&D expenses, particularly for the NATiV3 Phase III clinical trial and the LEGEND Phase IIa trial. Cash and equivalents decreased to €26.9 million, with a material uncertainty regarding the company's ability to continue as a going concern. Inventiva received significant financing in 2023, including a €35.7 million capital increase and royalty certificates issuance, and upfront and milestone payments from CTTQ and Hepalys.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:04 pm

AUVI

Applied UV, Inc. (AUVI) announced a $2.76M financing through a mix of registered direct and private placement offerings. The deal includes the sale of common stock and pre-funded warrants, alongside common warrants in a private placement, with proceeds aimed at funding large orders for its Smart Building Technologies division from notable clients like Siemens, Sherwin Williams, and Arco Murray. Aegis Capital Corp. is the exclusive placement agent, with legal counsel provided by Sichenzia Ross Ference Carmel LLP and Kaufman & Canoles, P.C.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 6:40 pm

CURLF

MRMD

VRNOF

The upcoming Benzinga Cannabis Capital Conference will feature discussions on scaling marijuana businesses to self-sustainability, with insights from industry experts Seth Yakatan, Bryan Gerber, and Jon Levine. Yakatan emphasizes operating within market constraints due to federal illegality and capital challenges. Gerber's Hara Supply, a major player in the cone industry, serves clients like Verano Holdings and Curaleaf, boasting significant market share and profitability. Levine, of MariMed, highlights the importance of consistency and passion in achieving success in the cannabis industry. The conference aims to provide strategies for growth amidst regulatory and financial hurdles.

Portfolio Pulse from Nina Zdinjak

March 27, 2024 | 6:30 pm

CSGS

SMIG

TDV

RBC Capital Markets analyst Dan Bergstrom initiated coverage on CSG Systems International, Inc. (NASDAQ:CSGS) with an Outperform rating and a price target of $61, citing the company's potential to grow its business to more than $1.5 billion by CY/25E. Bergstrom is optimistic about CSG's organic growth, strategic M&As, and its positioning as a preferred partner in digitizing and monetizing customer experiences. EPS estimates for 2024 and 2025 are $3.91 and $4.16, respectively. CSGS shares are up 0.10% at $50.35. Investors can also gain exposure through ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) and ETF Series Solutions AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSE:SMIG).

Portfolio Pulse from Lekha Gupta

March 27, 2024 | 6:24 pm

DIS

RSPC

Walt Disney Co (NYSE:DIS) and the Florida government, led by Gov. Ron DeSantis, have settled their legal disputes over the governance of Walt Disney World's special district. The settlement ends a two-year standoff related to Florida's 'Don't Say Gay' law, with Disney agreeing to work with the new board appointed by DeSantis. This agreement is expected to lead to significant investments and economic opportunities in Florida. Disney reported first-quarter revenue of $23.5 billion and an adjusted EPS of $1.22. DIS shares rose 0.31% to $120.30. Investors can also gain exposure to Disney through AdvisorShares Gerber Kawasaki ETF (NYSE:GK) and Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC).

Portfolio Pulse from Anusuya Lahiri

March 27, 2024 | 6:00 pm

CELH

GME

IWM

MAGS

NCNO

TLT

Wall Street saw mixed performance with tech giants slightly down, while blue chips and small caps gained. The S&P 500, Dow Jones, and Nasdaq showed varied movements. The Roundhill Magnificent Seven ETF and iShares Russell 2000 ETF experienced declines and gains respectively. Gold and the iShares 20+ Year Treasury Bond ETF rose, while Bitcoin fell. Sector-wise, utilities and real estate outperformed, whereas technology was flat. Key stock movements included nCino, GameStop, and others reacting to earnings or updates.

Portfolio Pulse from Piero Cingari

March 27, 2024 | 5:51 pm

BLOK

BYON

ONLN

Beyond, Inc. (NYSE:BYON) shares rose after announcing a partnership with X (formerly Twitter) for content delivery and customer engagement strategies. The partnership aims to leverage X's platform to engage U.S. users with creative content and brand-specific promotions. Beyond, the parent company of Overstock, Bed Bath & Beyond, Zulily, and other brands, recently acquired Zulily's intellectual property, enhancing its position in the off-price market. The Zulily site relaunch is expected to contribute to Beyond's revenue goals without additional expenses. BYON stock has gained over 88% in the past year, and investors can also gain exposure through ETFs like BLOK and ONLN.

Portfolio Pulse from Nabaparna Bhattacharya

March 27, 2024 | 5:08 pm

ACN

MSFT

Accenture Plc (ACN) and Microsoft Corporation (MSFT) announced a partnership to launch a 'Cloud Modernization and Migration Factory' on Microsoft Azure Government for national security. This initiative aims to streamline the onboarding of remote federal sites to Azure Government Secret and Top Secret classified clouds, ensuring the highest level of security. The collaboration will also leverage Generative AI-powered migration tools for faster cloud modernization, meeting the stringent security criteria required for national security operations.

Portfolio Pulse from Nabaparna Bhattacharya

March 27, 2024 | 4:43 pm

BJRI

BJ's Restaurants shares are trading higher after the company announced it has engaged PW Partners to provide recommendations on cost structure improvements.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 4:18 pm