Streetbeat News

Partnerships

RUN

TSLA

Sunrun has announced a new partnership with Tesla Electric, which is expected to enhance their solar energy solutions and expand their market reach.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:34 pm

RIVN

VWAGY

Rivian Automotive (NASDAQ:RIVN) reported Q2 revenue of $1.16 billion, beating estimates, but missed EPS expectations with a loss of $1.46 per share. The company produced 9,612 vehicles and delivered 13,790. Rivian highlighted a joint venture with Volkswagen Group (OTC:VWAGY) aimed at accelerating software development and reducing costs. Rivian reaffirmed its full-year production guidance of 57,000 units and plans to launch the R2 vehicle in 2026.

Portfolio Pulse from Chris Katje

August 06, 2024 | 8:31 pm

RKLB

Rocket Lab has partnered with Kongsberg Satellite Services to develop a global ground station service. This collaboration aims to streamline operations for satellite deorbit, re-entry missions, and interplanetary neutron launches, enhancing communication for Electron launches and on-orbit operations.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:27 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) has announced a strategic agreement with EVSTAR to introduce a comprehensive 5-year protection plan for its EV charging infrastructure. The new extended warranty program aims to boost customer confidence by covering accidental damage, OEM connection issues, power surges, and more.

Portfolio Pulse from charles@benzinga.com

August 06, 2024 | 8:18 pm

DUK

U.S. Secretary of Energy Jennifer Granholm announced a $57 million DOE funding for a transmission rebuild project in North Carolina. The project, in partnership with Duke Energy and state agencies, aims to enhance power grid reliability and meet growing demand. The 40-mile transmission line rebuild in Wake, Johnston, and Wayne counties will benefit 14,000 customers.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:10 pm

IONQ

IonQ shares are trading higher after the company announced it won a contract to design a networked quantum computing system for the Department of Defense and U.S. Intelligence Community.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:51 pm

EVC

Entravision and the NFL have extended their partnership with a new three-year radio and audio streaming deal, celebrating a decade of collaboration. The agreement aims to deepen engagement and affinity for the NFL among Latino communities and will last through the 2026-2027 season.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:34 pm

LUMN

MSFT

Lumen Technologies (NYSE:LUMN) shares surged 88.4% after announcing $5 billion in new business, driven by demand for fiber capacity due to AI. The company plans to double its intercity network miles and has partnered with Corning for next-gen fiber-dense cable. Lumen is also working with Microsoft (NASDAQ:MSFT) to secure an additional $7 billion in potential sales opportunities.

Portfolio Pulse from Dylan Berman

August 06, 2024 | 5:50 pm

CARS

STLA

AccuTrade, a solution by Cars Commerce Inc. (NYSE:CARS), has been certified by Stellantis Digital as a trade and appraisal solution for over 2,500 U.S. retailers. This certification aims to enhance vehicle acquisition efficiency and profitability for Chrysler, Dodge, Jeep, Ram, and Fiat retailers. AccuTrade's advanced technology offers accurate appraisals, direct consumer inventory access, and seamless integration with dealer websites.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:49 pm

SGMO

Sangamo Therapeutics (NASDAQ:SGMO) shares surged after announcing a license agreement with Genentech to develop genomic medicines for neurodegenerative diseases. The deal includes $50 million in upfront fees and potential milestones up to $1.9 billion.

Portfolio Pulse from Erica Kollmann

August 06, 2024 | 5:39 pm