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Partnerships

ALCE

XEL

The article highlights Alternus Clean Energy Inc (ALCE) and Xcel Energy Inc. (XEL) as the top 2 oversold utilities stocks preparing for a rebound in March. ALCE's strategic alliance with Hover Energy and its significant stock price drop are noted, alongside XEL's potential liability for the Smokehouse Creek Fire and its recent stock decline.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:52 pm

NAAS

NaaS Technology has announced a collaboration with Geely Auto to enhance charging services for electric vehicle (EV) owners, aiming to make these services more accessible. This partnership is expected to leverage Geely Auto's automotive expertise and NaaS Technology's charging infrastructure to improve the EV charging experience.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:22 pm

BA

Boeing Company (NYSE:BA) has been awarded a $3.4 billion contract by the U.S. Navy to manufacture P-8A Poseidon aircraft for the Royal Canadian Air Force and the German Navy. The contract includes aircraft for Canada, with the first delivery expected in 2026, and additional aircraft for Germany, increasing their total to eight with the first delivery in 2025. This contract is expected to generate significant economic benefits, including over 3,000 jobs in Canada.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 12:14 pm

NIO

NIO Inc. (NYSE:NIO) shares are up in premarket trading after reporting February vehicle deliveries and entering a technology license agreement with CYVN Holdings' subsidiary Forseven Limited. Despite a 33.1% year-over-year slump in February deliveries, cumulative deliveries reached 467,781. NIO is expected to report a Q4 loss of 51 cents per share on March 5, following a mixed performance in the previous quarter. NIO shares rose 1.57% to $5.84 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 11:41 am

MSFT

TSLA

Elon Musk, CEO of Tesla Inc., has expressed his readiness to compete against OpenAI, Microsoft Corp., and Jeff Bezos' investment in Figure AI Inc., which aims to develop the world's first autonomous humanoid robot. Musk highlighted Tesla's Optimus, a humanoid robot in development, as a challenger to Figure's project. Optimus, which has been in development for two years, is expected to perform useful tasks in Tesla factories by 2024, despite not being autonomous yet.

Portfolio Pulse from Rounak Jain

March 01, 2024 | 11:19 am

MGM

MGM Resorts International and its online betting arm, BetMGM, have announced partnerships with Kindbridge to advance research and provide mental health services for problem gambling. This initiative underscores the companies' commitment to responsible gambling and mental health support.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:10 am

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) shares dropped over 34% in premarket trading after a previous session gain of over 60%. The decline follows a month of losing over 33% in value. The company recently announced the encapsulation of its LizzieSat satellite within SpaceX's payload for a March 2024 launch. LizzieSat aims to gather multisectoral data using advanced sensors and AI, supporting various projects including NASA's and Mission Helios' NFT collection. Sidus also reported progress on other LizzieSat models and completed a contract for flight hardware delivery to a European space company.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 11:03 am

MSFT

Elon Musk has filed a lawsuit against Sam Altman and OpenAI, accusing them of betraying the founding principles of the AI startup by prioritizing profit maximization for Microsoft (NASDAQ:MSFT) over the benefit of humanity. Musk alleges that OpenAI's transition to a closed-source model and its licensing agreement with Microsoft, which has invested $13 billion in OpenAI, compromises the startup's original mission. Musk demands that GPT-4 and future models be labeled as AGI, putting them beyond Microsoft's licensing agreement.

Portfolio Pulse from Rounak Jain

March 01, 2024 | 10:27 am

IDT

WaveMAX Corporation has relaunched its SharedFi mobile app, allowing users to share and monetize WiFi networks in partnership with MVNOs. The app now includes Zendit functionality, a business of IDT Corporation, for mobile top-ups and eSIM services, as announced at MWC 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:57 am

HLX

TALO

Helix Energy Solutions Group, Inc. (HLX) and Talos Energy Inc. (TALO) have entered into a five-year joint framework agreement for decommissioning operations in the U.S. Gulf of Mexico. This agreement grants Helix the first right of refusal for Talos's annual decommissioning projects, with work expected to start in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:59 am