Streetbeat News

Products Services

AEHR

Aehr Test Systems (NASDAQ:AEHR) has entered into a stock purchase agreement to acquire Incal Technology for $21 million. The acquisition will expand Aehr's product portfolio to include Incal's high-power test solutions for AI semiconductors, GPUs, and HPC processors. The deal is expected to be immediately accretive and is set to close within 60 days.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:10 pm

ALSN

EWY

Allison Transmission has seen significant growth in South Korea with the Hyundai Mighty light-duty truck. Since integrating Allison's transmission in 2020, over 10,000 Hyundai Mighty vehicles have been sold, increasing market share from 10% to 50%. The 10,000th vehicle was delivered to Unchang Logitec, a leading logistics company.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:07 pm

BE

Bloom Energy has entered a strategic partnership with CoreWeave to deploy its proprietary fuel cells at a high-performance data center in Volo, Illinois. The data center, owned by Chirisa Technology Parks, will support cloud-based AI computing models. The fuel cells are expected to be commissioned in Q3 2025.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:06 pm

SHIM

Shimmick has been awarded a $27.6 million subcontract for the Sunol Valley Water Treatment Plant Ozonation Project. This project is expected to enhance water treatment capabilities and improve water quality.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:06 pm

AMZN

NFLX

Analysts are focusing on Netflix's ad-supported growth and future monetization ahead of its Q2 earnings report. Benchmark analyst Matthew Harrigan maintains a Sell rating but raises the price target to $545, citing overvaluation concerns. Macquarie analyst Tim Nollen reiterates an Outperform rating with a $685 price target, highlighting the potential for significant ad revenue growth by 2025. Netflix's partnerships and strategic changes are expected to enhance its ad-supported tier.

Portfolio Pulse from Chris Katje

July 16, 2024 | 8:06 pm

DOMO

Domo (NASDAQ:DOMO) has partnered with GNW Consulting to enhance marketing operations for mutual clients. GNW Consulting will leverage Domo's AI and data platform to optimize workflows, integrate systems, and provide real-time data insights, supporting tools like Adobe Marketo Engage, HubSpot, and Salesforce CRM.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:06 pm

UFPT

UFP Technologies has announced the acquisition of Marble Medical, a company founded in 1988 and headquartered in Tallahassee, FL. This acquisition will expand UFP Technologies' capabilities in adhesive-based medical components and single-use devices.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:05 pm

FTK

Flotek Industries' subsidiary JP3 Measurement has received EPA approval for its JP3 Analyzer, which is now an approved measurement technology for oil and gas flare monitoring under new NSPS OOOOb regulations.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:03 pm

CCCC

C4 Therapeutics will present preliminary monotherapy data from its ongoing Phase 1 trial of CFT1946 at the ESMO Congress 2024.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:02 pm

META

Meta Platforms Inc. (NASDAQ:META) shares are trading lower despite positive analyst coverage from Wolfe Research, which initiated an Outperform rating and a price target of $620. The analyst highlighted Meta's strong position in social media, AI investments, and potential for revenue growth. However, risks include a prolonged investment cycle and limited near-term growth drivers.

Portfolio Pulse from Vaishali Prayag

July 16, 2024 | 8:00 pm