Streetbeat News

Partnerships

PLUG

Plug Power faces challenges with a steep revenue drop and high cash burn in H1 2024, leading to pessimism and high short interest. However, new partnerships and a shift to leasing could stabilize cash flow and improve revenue in H2 2024.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

TRAK

ReposiTrak has added 50 new nut butter suppliers to its food traceability network, enhancing its position as regulatory deadlines approach.

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November 05, 2024 | 12:30 pm

CRGO

Freightos Limited (NASDAQ: CRGO) has announced that Qantas Freight has joined its air cargo booking platform, enhancing trans-Pacific capacity on routes between the US, Australia, and New Zealand.

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November 05, 2024 | 12:30 pm

SONM

Sonim Technologies has launched the Sonim H500 5G Mobile Hotspot, the first rugged 5G millimeter wave mobile hotspot, now available for Verizon Wireless customers. This product targets business, government, and Frontline customers, enhancing reliable connectivity.

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November 05, 2024 | 12:30 pm

GSAT

Globalstar's stock surged following an expanded partnership with Apple, which includes capital support and promises future high-margin revenue. Additionally, Globalstar's collaboration with XCOM and its terrestrial spectrum are expected to drive significant growth.

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November 05, 2024 | 12:30 pm

GOGO

Gogo Inc. reported a 3% year-over-year increase in total revenue for Q3 2024, reaching $100.5 million. The company also achieved a net income of $10.6 million and an adjusted EBITDA of $34.8 million. Gogo updated its 2024 guidance and announced strategic wins with Textron Aviation and Wheels Up.

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November 05, 2024 | 12:30 pm

MS

Morgan Stanley has received approval to launch a futures business in China, marking its entry into the Chinese derivatives market as the second major U.S. firm to do so.

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November 05, 2024 | 12:30 pm

AAPL

Apple Inc. plans to equip its entire iPhone 17 lineup with LTPO panels, sourced from Samsung Display and LG Display, marking a shift from previous models. This move is expected to enhance performance and solidify the dominance of Korean display companies in supplying OLED panels for Apple.

Portfolio Pulse from Rounak Jain

November 02, 2024 | 7:04 am

CNC

Centene Corporation's Buckeye Health Plan has been awarded a contract by the Ohio Department of Medicaid to continue providing services for dual eligible Medicare and Medicaid members through a Fully Integrated Dual Eligible Special Needs Plan.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:53 pm

GRYP

Gryphon Digital Mining and Unit have notified Coinmint of their decision not to renew the Colocation Mining Services Agreement, which was initially signed on July 1, 2021. This information was disclosed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:51 pm