Streetbeat News

Partnerships

ALLG

Allego N.V. shares are trading higher following the announcement of a charging partnership with Ford. This collaboration is expected to enhance Allego's market position and potentially increase its revenue streams through expanded charging infrastructure and services.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:46 pm

DNUT

MKC

PRAX

TSLA

U.S. stocks were higher on Tuesday, with Tesla Inc (TSLA) seeing a 5.8% surge amid reports of Italy's interest in electric truck production with the company. Other stocks like Krispy Kreme (DNUT), McCormick & Company (MKC), and Praxis Precision Medicines (PRAX) also saw significant gains due to various positive developments.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 2:36 pm

ALLG

F

Ford (NYSE:F) and Allego N.V. (NYSE:ALLG) have announced a strategic partnership to install ultra-fast charging stations at Ford dealerships across Europe. This initiative aims to support Ford's transition to a fully electric vehicle lineup by 2035 and improve charging infrastructure for EV customers. The charging stations will offer up to 400 kW charging, accessible 24/7, and compatible with DC charging vehicles. Ford customers will enjoy preferential rates through various payment methods, including the FordPass Charging Card.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:32 pm

CTEX

HD

NBCT

NOVA

Sunnova Energy International Inc. (NOVA) shares rose after being named the exclusive national solar and battery storage services provider for The Home Depot, Inc. (HD). This partnership allows Sunnova to offer its services in over 2,000 Home Depot stores across the U.S. and its territories. Despite recent quarterly losses exceeding analyst expectations, the announcement has positively impacted NOVA's stock price, which increased by 13.3%. Investors can also gain exposure to NOVA through ProShares S&P Kensho Cleantech ETF (CTEX) and Neuberger Berman ETF Trust Neuberger Berman Carbon Transition Infrastructure ETF (NBCT).

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 2:13 pm

EPAM

EPAM Systems, Inc. has acquired Vates S.A., a software development company with offices in Argentina and Chile, to enhance its software development portfolio and expand its delivery capabilities in Latin America. This acquisition adds hundreds of skilled engineers to EPAM's team, strengthening its position in cloud, testing, and Atlassian platform knowledge. Vates, known for its end-to-end solutions across multiple industries, will help EPAM in delivering advanced digital services and fostering growth in LATAM.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:06 pm

DTSS

Datasea Inc. (NASDAQ:DTSS) has signed a $30M 5G AI Multimodal Communication Cooperation Agreement with Xiamen Star Miracle Information Technology Co., Ltd., expected to boost its China 5G services revenue. This agreement supports Datasea's revenue guidance of $86M for the fiscal year, marking a 1,128% YoY increase. The deal highlights Datasea's capabilities in AI-5G services and its aim to expand market share in China's 5G communication sector.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:05 pm

CNVS

Cineverse has signed a multi-year deal with Konami Cross Media to distribute titles including the 'Yu-Gi-Oh!' franchise, enhancing Cineverse's anime library. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:32 pm

VALE

Vale (NYSE:VALE) has partnered with the Department of Energy (DOE) to develop a new iron ore briquette plant in the U.S., with potential DOE financing of up to $282.9 million. This move aligns with the Biden administration's focus on reducing carbon emissions and promoting clean energy, with substantial funds allocated towards environmental programs. Iron ore briquettes, which can reduce emissions by up to 10% compared to traditional steelmaking, represent a significant step towards sustainable steel production. Vale's initiative, starting with a plant in Brazil and plans for expansion, aims to meet the demand for eco-friendly steel production methods and contribute to the decarbonization of the steel industry.

Portfolio Pulse from Stjepan Kalinic

March 26, 2024 | 1:29 pm

RVSN

Rail Vision has received approval from Alstom, a French multinational rolling stock manufacturer, to install its AI Main Line System on locomotives. This development marks a significant step for Rail Vision in the rail transport market.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:28 pm

SPY

TSLA

The article covers a wide range of topics from the crypto market's recovery, with Bitcoin touching $70K and Ethereum and Dogecoin also bouncing upward, to various US and world political and economic news. It mentions Tesla's rollout of a free Full Self-Driving trial in the US, the London Stock Exchange's significant bet on Bitcoin and Ether, and predictions of stock market rallies by Goldman Sachs and Bank of America. Additionally, it touches on tech news including antitrust lawsuits against major companies, AI developments, and electric vehicle updates, including debates on Tesla's EVs versus hybrids.

Portfolio Pulse from Akanksha Bakshi

March 26, 2024 | 1:23 pm