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RIVN

Rivian Automotive is set to report its Q1 financial results, with analysts expecting $1.16 billion in revenue and a loss of $1.17 per share. Despite a recent price target cut by Needham due to questions on long-term EV demand, Rivian's R1S model shows promising used vehicle pricing. The company's unveiling of the R2 and R3 models could expand its total addressable market, though the R2 is not seen as an immediate catalyst. Analyst ratings vary, with price targets ranging from $9 to $23. Key focuses include production/delivery updates and cost efficiency metrics. Rivian's stock is currently down 56% YTD.

Portfolio Pulse from Chris Katje

May 06, 2024 | 9:32 pm

RKLB

Rocket Lab USA Inc. (NASDAQ:RKLB) reported Q1 financial results with a per-share loss of 9 cents, beating analyst expectations by 10% but missing sales estimates with $92.767 million versus the expected $94.995 million. The company highlighted a $1 billion backlog, four successful Electron missions, and the initiation of a $515 million contract with the Space Development Agency. Rocket Lab also announced the completion of its Archimedes engine's first full assembly, a key component for its Neutron vehicle. The company anticipates Q2 revenue between $105 million and $110 million.

Portfolio Pulse from Erica Kollmann

May 06, 2024 | 9:15 pm

NBR

VIST

Vista Energy (NYSE:VIST) and Nabors Industries (NYSE:NBR) have signed a contract to deploy a third drilling rig to accelerate the development of Vaca Muerta in Argentina. This expansion aims to increase operational excellence and reduce the carbon footprint of operations, with the rig expected to start in the second half of 2024. The partnership highlights the strategic relationship between the two companies, focusing on technological advancement and environmental sustainability.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 9:11 pm

ARRY

Array Technologies (NASDAQ:ARRY) and DNV Energy USA released a report on solar tracker wind stow strategies, highlighting that Array's new passive stow technology significantly boosts energy production, preserving 99.95% of energy on average during wind stow events. This technology, featured in Array's DuraTrack and OmniTrack products, offers substantial energy production gains and improved reliability over active stow alternatives, reducing energy losses to just 0.05% compared to the average 2.8% with active stow methods.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 9:06 pm

SQNXF

Final Fantasy 14, developed by Square Enix Holdings Co (OTC:SQNXF), is experiencing a global Distributed Denial of Service (DDoS) attack affecting player access across all data centers. The attack, which occurred on May 6, disrupted login and data transmission, leading to player disconnections. Square Enix is investigating and implementing countermeasures. Despite this, plans for the game's graphical update and the release of the Dawntrail expansion continue, with early access starting June 28.

Portfolio Pulse from Franca Quarneti

May 06, 2024 | 9:06 pm

TTOO

T2 Biosystems has reiterated its financial outlook for 2024, expecting total sepsis product revenue to be between $10.0 million and $11.0 million. This forecast represents a significant growth of 49% to 64% compared to the $6.7 million revenue in 2023. The 2024 revenue guidance is solely based on sepsis product revenue, excluding potential sales from the T2Biothreat Panel or the T2Lyme Panel.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:49 pm

ANGO

AngioDynamics presented results from the APEX-AV trial of its AlphaVac F18 System for treating pulmonary embolism at SCAI 2024. The data showed the system is safe for patients with acute intermediate-risk PE, significantly improving right ventricular function and reducing clot burden.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:47 pm

BLD

TopBuild Corp. (NYSE:BLD) is set to acquire Insulation Works, a company based in Arkansas with three locations and an annual revenue of approximately $28M. Insulation Works specializes in insulation services for residential, light commercial, and agricultural buildings. The acquisition, which is expected to close in May, aligns with TopBuild's M&A strategy to enhance its residential and commercial business and expand into the agricultural insulation market. Financial terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:46 pm

LXFR

Luxfer Holdings PLC (NYSE:LXFR) has received a clean technology grant from Alberta Innovates Hydrogen Centre of Excellence for the development of a new Type 4 700 bar hydrogen cylinder. This development aims to innovate in hydrogen storage with a polymer-lined high-pressure cylinder, enhancing manufacturing efficiency and storage capacity. The project, based in Calgary, Alberta, targets growth markets like fuel cell transit buses and heavy-duty trucks, emphasizing Luxfer's commitment to environmental sustainability and hydrogen storage solutions.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:43 pm

TTOO

T2 Biosystems has entered into an exclusive distribution agreement for Qatar, appointing a new distributor to sell its T2Dx Instruments, T2Bacteria Panel, T2Candida Panel, and T2Resistance Panel. This expansion into the Qatari market represents a strategic move to increase the company's global footprint and potentially boost sales and market presence in the Middle East.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:40 pm