Streetbeat News

Partnerships

CDZI

Cadiz, Inc. has partnered with MZ Group to enhance its investor relations and financial communications strategy. This move comes at a critical inflection point under the new leadership of Susan Kennedy, highlighted by significant permitting and contracting milestones. Additionally, a recent Form 4 filing revealed the CEO's purchase of Cadiz shares, aligning interests with shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:30 pm

MSGM

Motorsport Games Inc. (NASDAQ:MSGM) has launched RaceControl.gg, a platform aimed at boosting player engagement for its game Le Mans Ultimate, and announced a partnership with Coach Dave Academy for content and development management. This collaboration will bring expert-curated content and optimized car setups to enhance the gaming experience.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:29 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD), also known as SG Devco, has announced a partnership with Affiliated Services Group (ASG) to offer mortgage banking services across 49 states in the U.S. through its Xene platform. This collaboration aims to leverage ASG's expertise in mortgage banking to provide sustainable financial solutions to homeowners nationwide, with the goal of revolutionizing the industry with safe, sustainable, and customer-centric solutions.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:23 pm

SVRE

SaverOne has expanded its collaboration with IVECO, focusing on implementing its Vulnerable Road User Solution to enhance road safety. This partnership aims to integrate SaverOne's technology into IVECO's vehicles, potentially reducing accidents involving vulnerable road users such as pedestrians and cyclists. The collaboration underscores both companies' commitment to leveraging technology for road safety improvements.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:18 pm

SRM

SRM Entertainment, Inc. (NASDAQ:SRM) announced a new order for over 30,000 colorful misting fans from one of the world's largest regional amusement-resort operators. This order is part of SRM's expansion efforts and aims to enhance guest experiences during the summer season.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:18 pm

AREB

American Rebel has entered into a distribution agreement with Bonbright Distributors to expand its presence in nine counties in the Dayton, Ohio area. This strategic move aims to enhance American Rebel's market penetration and visibility in a key regional market.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:10 pm

NRGV

Energy Vault Holdings, Inc. (NRGV) and ACEN Australia have announced agreements for two battery energy storage system (BESS) deployments totaling 400 MWh in Australia, aimed at supporting the 720 MW New England Solar project. These deployments, a 50 MW/100 MWh and a 150 MW/300 MWh system, are set to begin construction in the second half of 2024, with commercial operations expected in 2025 and 2026. This collaboration marks a significant step in Energy Vault's strategy to invest in energy storage for the Australian market, particularly in reducing reliance on coal-fired power by dispatching stored renewable energy during peak hours.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:06 pm

DIS

WBD

Warner Bros. Discovery, Inc (NASDAQ:WBD) reported a Q1 revenue decline of 7% year-on-year to $9.96 billion, missing the consensus of $10.23 billion. The company experienced a net loss of $966 million, with an EPS loss of $(0.40), failing to meet the expected loss of $(0.23). Adjusted EBITDA fell 20% due to lower revenues from Suicide Squad: Kill the Justice League compared to Hogwarts Legacy's success in the previous year. Studios and Networks revenues declined due to strikes and the exit from AT&T SportsNet, while DTC revenues remained flat. The company announced a partnership to bundle its streaming services with those of Walt Disney Co (NYSE:DIS), aiming to offer discounts to consumers. WBD shares dropped 2.18% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

May 09, 2024 | 1:05 pm

NUWE

Nuwellis has entered into a purchase agreement with a network of 50 hospitals for its Aquadex Ultrafiltration Therapy. The financial terms of the deal were not disclosed. This agreement could potentially increase the adoption and usage of Aquadex therapy in a significant number of healthcare facilities, impacting Nuwellis's market presence and revenue.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:02 pm

IAS

PUBM

RBLX

Roblox Corp (NYSE:RBLX) stock plummeted after issuing a weaker-than-expected outlook for Q2 and fiscal year 2024, despite beating Q1 bookings and adjusted EPS estimates. The company reported a 19% year-on-year increase in bookings to $923.80 million and an adjusted EPS loss of $(0.43), surpassing analyst expectations. However, its Q2 bookings forecast of $870 million to $900 million and fiscal 2024 bookings forecast of $4.00 billion to $4.10 billion fell short of analyst consensus. Roblox also announced partnerships with Integral Ad Science Holding Corp (NASDAQ:IAS) and PubMatic, Inc (NASDAQ:PUBM) to expand video ad access and sales.

Portfolio Pulse from Anusuya Lahiri

May 09, 2024 | 12:55 pm