Streetbeat News

Partnerships

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares dropped in premarket trading despite announcing a significant contract to provide hydrogen infrastructure and fuel cell solutions to a major U.S. automaker for material handling operations. The project involves setting up a hydrogen infrastructure at a large electric vehicle and battery manufacturing campus, with full operations expected by Q1 2025. Plug Power also announced its Q4 results will be released on March 1, 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 2:09 pm

SEIC

SEI (NASDAQ:SEIC) has made a strategic investment of $10 million in TIFIN, an innovation platform focused on accelerating the adoption of artificial intelligence in wealth management. This partnership aims to enhance client experiences, support business growth, and foster industry talent and innovation through rapid solution delivery, market innovation access, and talent development. SEI's scale and TIFIN's AI expertise are expected to accelerate value and growth in the financial services industry.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:04 pm

BSFC

Blue Star Foods has entered into a Master Service Agreement with a seafood value-added provider, which is anticipated to generate an additional $20M in revenue for the company in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:02 pm

SINT

SiNtx Technologies has entered into a second long-term supply agreement to manufacture and supply ceramic aircraft engine components for the aerospace market. This marks another significant step for SiNtx in expanding its presence in the aerospace industry.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:02 pm

CURLF

GTBIF

JUSHF

Zuanic & Associates initiated coverage of Jushi Holdings Inc. with an Overweight rating, citing its undervaluation and strategic positioning in the cannabis sector. The firm highlights Jushi's potential for significant growth, especially with the anticipated shift to recreational cannabis sales in Pennsylvania and Virginia. The analysis also compares Jushi's valuation to other key players in the industry, such as Green Thumb Industries and Curaleaf Holdings, and discusses the broader competitive landscape. Additionally, the report touches on the potential for industry consolidation and Jushi's financial resilience.

Portfolio Pulse from Nicolás Jose Rodriguez

February 21, 2024 | 1:59 pm

ITRI

Itron, Inc. (ITRI) has announced a strategic collaboration with Schneider Electric to modernize and simplify energy distribution, focusing on maximizing grid flexibility, capacity, and efficiency. This partnership aims to address the challenges of the energy transition by digitalizing supply and demand management.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:46 pm

HPCO

ISPR

Ispire Technology Inc. (NASDAQ:ISPR) reported a 30.7% year-over-year increase in Q2 fiscal 2024 revenue, reaching $41.7 million, driven by a significant rise in cannabis vaping product sales. The company also highlighted strategic partnerships with Cookies, Hempacco Co., Inc. (NASDAQ:HPCO), and BrkFst, co-created by Burna Boy. Despite revenue growth, ISPR experienced a net loss of $4 million and a decrease in gross margin. Shares fell 13.94% in pre-market trading.

Portfolio Pulse from Jelena Martinovic

February 21, 2024 | 1:38 pm

CLIR

ClearSign Technologies Corporation (NASDAQ:CLIR) has received a purchase order for the first of four boiler burners from California Boiler, intended for a fruit and vegetable multi-juice processing company in California's Central Valley. This marks the first multi-unit engagement for ClearSign's Rogue boiler burner product line, highlighting its competitive advantage in emissions flexibility and potential for future upgrades to meet stricter emission requirements.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:36 pm

BLIN

Bridgeline Digital, Inc. (NASDAQ:BLIN), a marketing technology software provider, has secured a multi-year contract worth over $175,000 with a Fortune Global 500 South Korean construction conglomerate to enhance their intranet. This partnership aims to streamline internal communication and improve employee resource efficiency through advanced AI tools for managing and personalizing corporate information.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:35 pm

KULR

KULR Technology Group, Inc. (NYSE:KULR) has announced a partnership with a leading global space innovator to design, develop, and deliver battery systems for space missions scheduled for 2024 and beyond. These batteries will support the growing commercial space business, with KULR's proprietary battery safety and performance technologies playing a crucial role. The partnership anticipates follow-on orders that could significantly increase the frequency and scale of planned space missions. KULR's expertise in rapid battery development and in-house production is expected to decrease time to flight readiness, positioning KULR as a key player in powering the next frontier of space exploration.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:34 pm