Streetbeat News

Partnerships

XPEV

XPeng shares are trading higher following a report indicating the company and Volkswagen signed an agreement to develop EV infrastructure.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:00 pm

ON

ON Semiconductor shares are trading higher after the company signed a multi-year power box supply deal with Volkswagen.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:56 pm

BA

EWU

Boeing and Lufthansa Technik have announced an agreement to designate Lufthansa Technik as the first Boeing-licensed service center for 787 Dreamliner cabin modifications. This partnership aims to enhance the service and maintenance capabilities for the 787 Dreamliner fleet.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:48 pm

VAL

Valaris has been awarded a multi-year $498 million contract with Equinor for the drillship VALARIS DS-17. The project, named Raia, will take place offshore Brazil and is expected to last 852 days.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:46 pm

XELA

Exela Technologies has entered into a strategic alliance with AIDEO Technologies to enhance its service offerings.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:36 pm

ONDS

Ondas Holdings Inc. (NASDAQ:ONDS) has secured an initial purchase order for its Iron Drone Raider systems from a military customer. The systems will be used for military defense to counter hostile drones. Additional orders are expected in the second half of 2024 based on operational success.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:35 pm

FAMI

Farmmi's subsidiary, FARMMI USA, has signed a sublease for a large distribution and storage center in the U.S. to expand its global business.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:32 pm

CLIA

ON

QCLN

VLKAF

VWAGY

ON Semiconductor Corporation (NASDAQ:ON) has signed a multi-year agreement with Volkswagen Group (OTC:VLKAF, OTC:VWAGY) to supply advanced EV solutions, leading to a 3.06% increase in ON's stock price. The deal includes providing a power box solution for Volkswagen's next-generation traction inverter. ON Semiconductor's new silicon carbide plant in the Czech Republic will enhance supply chain efficiency. Investors can gain exposure to ON stock via First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) and Return Stacked Bonds & Managed Futures ETF Veridien Climate Action ETF (NYSE:CLIA).

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 12:19 pm

LOCL

Local Bounti has announced an expanded distribution agreement with Sam's Club for its leafy greens production. This move is expected to increase the availability of Local Bounti's products and potentially boost its revenue.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:09 pm

LILM

Lilium and the Saudi Arabian General Authority of Civil Aviation have signed a Memorandum of Understanding (MoU) to develop and implement regulations for eVTOL operations in Saudi Arabia starting in 2026.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:04 pm