Streetbeat News

Partnerships

GOEV

Canoo (NASDAQ:GOEV) shares are trending after announcing a purchase agreement with Go2 Delivery, receiving multiple design awards, and joining the Russell 3000 index. Despite these positive developments, the stock is trading 3.04% lower at $2.25.

Portfolio Pulse from Dylan Berman

July 03, 2024 | 3:35 pm

SFL

SFL Corp has announced a newbuild order for five LNG dual-fuel 16,800 TEU container vessels, combined with long-term charters. The vessels are scheduled for delivery in 2028, with a construction cost of approximately $1 billion.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:34 pm

VVPR

VivoPower shares are trading higher following the announcement that its electric vehicle subsidiary, Tembo, has extended its exclusive heads of agreement with Cactus Acquisition Corporation I by one month.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:41 pm

EQNR

NDIV

NPSCY

SSUMY

Equinor ASA (NYSE:EQNR) has extended its 35-year partnership with Nippon Steel Corporation (OTC:NPSCY) and Sumitomo Corporation (OTC:SSUMY) by renewing a long-term contract to supply OCTG for up to 9 years. This contract highlights their commitment to stable supply, product development, and low carbon compliance. Equinor shares are trading higher, up 1.7% at $28.97. Investors can gain exposure via Amplify ETF Trust Amplify Natural Resources Dividend Income ETF (NYSE:NDIV) and SGI Enhanced Global Income ETF (GINX).

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 2:30 pm

GOOG

GOOGL

Alphabet Inc (NASDAQ:GOOG, GOOGL) is winding down its agriculture startup Mineral and licensing its AI technology to berry producer Driscoll's Inc. Mineral, which struggled to find a viable business model, uses cameras and machine learning to help farmers make better decisions. Driscoll's will use the technology to predict crop yields, and more deals are being negotiated with other industry partners.

Portfolio Pulse from Anusuya Lahiri

July 03, 2024 | 2:19 pm

DIDIY

TSLA

XPEV

XPeng Inc. (NYSE:XPEV) unveiled the M03, the first model in its Mona series, an all-electric sedan priced below $27,500, with an official launch in August. The Mona brand stems from XPeng's acquisition of DiDi Global Inc.'s (OTC:DIDIY) EV business. XPeng's chairman highlighted the M03's homage to Tesla's (NASDAQ:TSLA) Model 3. XPeng shares rose by 4.85% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 2:17 pm

HYMTF

Hyundai Motor Company and LG Energy Solution have launched Indonesia's first EV battery plant with a capacity of 10 GWh. They plan to invest up to $9.8 billion to develop an EV supply chain in Indonesia, leveraging the country's rich nickel and copper resources. The facility will support Hyundai's production of 50,000 Kona Electric SUVs annually.

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 1:44 pm

FXI

SPY

Chinese President Xi Jinping will meet with Russian President Vladimir Putin in Kazakhstan, as reported by Chinese state media.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:32 pm

CCTS

VVPR

VivoPower International's subsidiary, Tembo e-LV, has agreed to a one-month extension of its exclusive heads agreement with Cactus Acquisition Corp. I, extending the deadline to July 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:31 pm

SLB

TTE

SLB has been awarded a contract by TotalEnergies for a 13-well subsea production system in the Kaminho Project offshore Angola. The project will be developed in two phases for the Cameia and Golfinho discoveries.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:01 pm