Streetbeat News

Partnerships

RIVN

BrightNight, Rivian, and The Nature Conservancy are partnering to transform the Starfire Coal Mine into Kentucky's largest renewable power project. Once complete, the BrightNight Starfire Renewable Energy Center will have an 800-MW capacity.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 3:53 pm

MSFT

Antstream Arcade, a streaming platform for retro games, is now available on Microsoft's Xbox Series X|S and Xbox One. The platform offers over 1,300 games, including classics like 'Mortal Kombat' and 'Street Fighter'. The company, founded in 2013, has won a prize for game curation from TIGA. The service can be purchased for $29.99 through Xbox's Game Store.

Portfolio Pulse from Franca Quarneti

July 25, 2023 | 3:16 pm

MSFT

PCG

Schneider Electric and Pacific Gas and Electric Company (PG&E) have announced the deployment of a distributed energy resource management system (DERMS) on Microsoft Azure. The cloud-based platform will help maintain grid reliability and accelerate the adoption of distributed energy resources (DER) such as electric vehicles, energy storage, and rooftop solar. The system provides greater visibility into DER behavior and allows for more proactive management to keep the grid safe, secure, and resilient.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 3:14 pm

LMT

RDW

NASA has partnered with 11 U.S. companies, including Redwire, Astrobotic Technology, Blue Origin, and Lockheed Martin, to develop technologies for long-term exploration on the Moon and in space. The projects, chosen under NASA's sixth Tipping Point opportunity, will be jointly funded by NASA and the industry partners, with a total expected NASA contribution of $150 million. The technologies range from lunar surface power systems to tools for in-space 3D printing.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 3:07 pm

BA

Boeing (NYSE:BA) and NASA are partnering with U.S. airlines including Alaska Airlines, American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines on the Sustainable Flight Demonstrator (SFD) project and the development of the X-66A research aircraft. The airlines will provide feedback on operational efficiencies, maintenance, handling characteristics, and airport compatibility. The X-66A will test the Transonic Truss-Braced Wing (TTBW) airframe configuration and aims to reduce fuel consumption and emissions by up to 30%.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:48 pm

PCRFY

Battery materials manufacturer Nexeon has entered into a supply partnership with Panasonic Energy Co., a Panasonic Holdings Corp (OTC:PCRFY) company. Nexeon's advanced silicon-based anode material, which can boost the energy density of lithium-ion cells by up to 50%, will be supplied to Panasonic from 2025. This will result in the production of cells that address key consumer concerns related to EVs, such as increased vehicle range and reduced charging time.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 2:30 pm

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) has announced a collaboration with J.D. Power and Associates to develop AI and predictive analytics solutions for the automotive industry. J.D. Power will use Palantir's Foundry and AI platform to integrate its automotive datasets. Palantir's shares have risen by 18% over the last five sessions and 100% over the last three months, largely due to the company's AI exposure. Palantir will report its Q2 financial results on Aug. 7.

Portfolio Pulse from Erica Kollmann

July 25, 2023 | 2:22 pm

META

MSFT

QCOM

Meta Platforms Inc (NASDAQ:META) shares are trading higher after New Street Research analyst Dan Salmon upgraded the stock from Neutral to Buy with a $350 price target. The upgrade was due to the release of Llama 2, developed in conjunction with Microsoft Corp (NASDAQ: MSFT) and Qualcomm Inc (NASDAQ:QCOM), and the positive takeaways from Meta's AI Speaker Series. The analyst also noted the potential for monetization of WhatsApp and Messenger and the company's Metaverse initiatives.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 2:20 pm

AMZN

MELI

MSFT

PYPL

UBER

PayPal Holdings Inc (NASDAQ:PYPL) has been focusing on increasing its operational efficiency with the help of AI, which has already improved the productivity of one of its code development teams by 30%. The company has also formed partnerships with Microsoft Corporation (NASDAQ:MSFT) and Amazon.com (NASDAQ:AMZN) to allow customers to pay in multiple ways. Despite slower revenue growth in 2022 due to post-pandemic crash, PayPal's revenue grew 9% in Q1 2023. The company is also an equity holder of Uber Technologies (NYSE:UBER) and Mercado Libre (NASDAQ:MELI).

Portfolio Pulse from Upwallstreet

July 25, 2023 | 1:55 pm

ADDYY

Adidas AG (OTC:ADDYY) has revised its operating loss forecast for FY23 to €450 million from €700 million, following better-than-expected early sales of its Yeezy stock. The company ended its partnership with Yeezy's creator, Kanye West, in October 2022. Adidas' deal with Yeezy contributed nearly $2 billion a year to the company, accounting for 10% of its revenue. Adidas shares are trading higher by 3.44% at $101.67.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 1:55 pm