Streetbeat News

Partnerships

F

XEL

Ford Motor Company's commercial arm, Ford Pro, has partnered with Xcel Energy Inc. to deploy 30,000 EV charging ports across the U.S. by 2030. The initiative, part of Xcel's EVSI program, aims to scale EV adoption and provide charging infrastructure for business fleets. Xcel will cover most upfront costs, while Ford Pro offers charging solutions. The program starts in Colorado and Wisconsin in 2024, with potential expansion to other states. The partnership also includes analyzing telematics data to encourage off-peak charging.

Portfolio Pulse from Nabaparna Bhattacharya

December 05, 2023 | 6:16 pm

ERIC

NOK

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Nokia Corp (NYSE:NOK) stock is trading lower due to rival Ericsson (NASDAQ:ERIC) securing a major deal with AT&T Inc (NYSE:T) for Open RAN deployment. Ericsson's five-year deal involves manufacturing 5G equipment in Texas for AT&T's network, which aims to cover 70% of its U.S. wireless traffic with ORAN technology by late 2026. Nokia's Q3 FY23 results showed a 20% sales decline and an EPS below consensus, contributing to a 36% YTD stock value loss. NOK shares fell 4.43% to $3.02.

Portfolio Pulse from Anusuya Lahiri

December 05, 2023 | 6:00 pm

OPTX

Syntec Optics, a manufacturer of optics and photonics products, has announced the launch of a new line of microlens arrays for fiber optics coupling, targeting a $43B photonics-enabled communications market. These arrays are designed for a blue-chip customer and are expected to offer higher production volume, performance, and reliability. The first order is set for delivery in Q1 2024, with more orders anticipated. Syntec Optics is expanding its product portfolio, which already includes defense, biomedical, and consumer end-markets, and has entered the space economy with satellite optics now in full production.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:15 pm

GBNY

Generations Bancorp NY, Inc. (NASDAQ:GBNY) has appointed Angela Krezmer as its new President & CEO, effective November 27, 2023. Krezmer, who has been with the company since 2021 as Chief Financial Officer, will also join the board of directors. She has been serving as interim Principal Executive Officer since October 16, 2023, following the passing of former President & CEO Menzo Case. Krezmer's experience includes roles at Prosper Bank (now Presence Bank) and Fairport Savings Bank.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:56 pm

SMSI

Smith Micro Software's stock is trading higher following the announcement of a multi-year agreement to supply its SafePath Digital Family Lifestyle solution to a major Tier 1 mobile network operator in Europe.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:56 pm

DRIO

DarioHealth Corp. shares have risen following the announcement that it has been chosen by a national employer to supply cardiometabolic and GLP-1 solutions aimed at enhancing employee health.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:54 pm

NOK

Nokia's stock price is trading lower following the announcement that its competitor, Ericsson, has secured a contract with AT&T.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:35 pm

ERIC

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Ericsson's stock price has increased after announcing a new contract with AT&T.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:32 pm

RDW

Redwire Corporation (NYSE:RDW) has been selected by DARPA for the LunA-10 study to design services for a future commercial lunar ecosystem. Redwire will focus on providing critical services to lunar assets, including high-speed communications and Position, Navigation, and Timing (PNT) from cislunar space. The company will leverage its experience in space mission design, RF systems, and space structures to contribute to the study. This selection adds to Redwire's portfolio of lunar infrastructure projects, including a $12.9 million NASA Tipping Point award and providing ROSA technology for Astrobotic's LVSAT program.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:29 pm

SPIR

Spire Global, Inc. (SPIR) has been awarded a contract by Lacuna Space to build and operate six satellites for an IoT constellation, with potential expansion to dozens more. The satellites will enhance Lacuna's IoT network for global connectivity in various industries, including agriculture and logistics. Spire's Space Services will handle the end-to-end management of the satellites, leveraging its existing infrastructure to offer cost-effective and scalable access to space.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:15 pm