Streetbeat News

Products Services

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) has announced a collaboration and sales of modular units to Britten Inc., a creative production house. The units have received AC 462 Evaluation Service Report designation, facilitating jurisdictional approvals and code compliance. This partnership aims to promote sustainable building practices and enhance the efficiency of building solutions. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:33 pm

BLNK

Blink Charging has been chosen as the official electric vehicle charger and network services provider for the State of New York. The company will supply the state with its electric vehicle charging stations, including Level 2 and DC Fast Chargers.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:21 pm

ADTN

Adtran announced its Oscilloquartz solution, including an optical cesium atomic clock, is being used by a leading Canadian hydropower producer to enhance precision, reliability, and resilience in power grid synchronization. This upgrade addresses GNSS disruptions and cyberattacks, ensuring robust synchronization. The solution also facilitates a transition to advanced PTP technology and is managed through the Adtran Ensemble Controller with Sync Director for centralized control and operational simplicity. This deployment is significant for North America's energy resilience and the utility's cybersecurity and reliability.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:21 pm

EQNR

SLB

SLB and Equinor have entered into a new long-term strategic collaboration agreement through the Subsea Integration Alliance. This agreement initiates exploratory work on two major projects: the Wisting field offshore Norway and Bay Du Nord, off Newfoundland and Labrador, Canada.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:21 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) announced its April 2024 production and operations update, revealing it self-mined 348 Bitcoin with an 8.0 EH/s hash rate and 98% utilization. The company is nearing completion of Building 4 at Lake Mariner, aiming for a 10.0 EH/s capacity by mid-2024. Operational improvements include replacing older miners with 3,000 S19k Pro miners, increasing the total to 4,100. Despite a 5% decrease in production from March, transaction fees post-Bitcoin halving mitigated revenue losses. TeraWulf is also advancing a high-performance computing/AI project at Lake Mariner.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:20 pm

XOS

Xos, Inc. has received approval from the California Air Resources Board for its 2024 Xos SV Battery Electric Stepvan to be listed on the Clean Truck and Bus Voucher Incentive Program (HVIP) Catalog. This listing enables Xos to offer their electric stepvan at a reduced cost to customers, with incentives starting at $85,000.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:20 pm

AAPL

QQQ

SPY

Apple, Inc. (NASDAQ:AAPL) is set to announce its FY 2024 Q2 results amid expectations of a revenue decline and flat bottom-line performance compared to the previous year. The company faces challenges from a weak iPhone uptake, competition from Huawei, and a lackluster iPhone 15 upgrade cycle. Despite a 16% drop in shipments and a decrease in market share, analysts from Morgan Stanley and bullish analyst Daniel Ives predict slight improvements and emphasize the potential impact of an AI-driven iPhone 16. Upcoming events and the company's AI strategy could influence stock performance. Apple's stock has seen a 1.09% increase in premarket trading but has fallen 12% year-to-date, contrasting with gains by QQQ and SPY ETFs.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 12:19 pm

AKYA

Akoya Biosciences, Inc. (NASDAQ:AKYA) and Shanghai KR Pharmtech announced that their jointly developed product, KR-HT5, has received premarket approval from China's National Medical Products Administration (NMPA) for use in next generation pathology clinical workflows in China. The KR-HT5, based on Akoya's PhenoImager HT technology, aims to enhance multiplex biomarker analysis for clinicians. This approval marks a significant step for Akoya Biosciences in the Chinese clinical market.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:19 pm

WIT

Wipro has been chosen by Independent Health, a 5-star rated Medicare Advantage Plan in Western New York, to deploy its Medicare Prescription Payment Plan Platform for the upcoming open enrollment period. This collaboration highlights Wipro's capabilities in providing healthcare solutions and could potentially enhance its reputation in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:17 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) found a surprising success in its new Lavender Latte, which resonated well with Gen Z and Millennial customers, providing a boost amid otherwise disappointing Q2 results. CEO Laxman Narasimhan highlighted the drink's popularity, comparing it to the iconic Pumpkin Spice Latte, and hinted at future 'texture-based innovations'. Despite a 2% year-over-year drop in revenue to $8.6 billion, a 4% decline in global comparable store sales, and a 7% decrease in overall earnings per share, the company continues to innovate, as seen with its partnerships and new flavor introductions. Starbucks' stock experienced a significant decline in after-hours trading, dropping 11.57% to $78.25.

Portfolio Pulse from Kaustubh Bagalkote

May 02, 2024 | 12:16 pm