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FirstEnergy Corp. (NYSE:FE) has reached a settlement for its Grid Modernization II plan in Ohio, aiming to deploy smart meters to an additional 1.4 million customers. The $421 million, four-year plan, pending approval by the Public Utilities Commission of Ohio (PUCO), builds on previous upgrades and includes a Smart Thermostat Rebate program. The plan could result in a monthly increase of about $1.50 for the average residential customer.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 4:37 pm

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Fred Krueger, a Bitcoin trader, expressed a negative outlook for Ethereum, citing challenges such as an investigation into the Ethereum Foundation, regulatory issues with UniSwap, the absence of an Ethereum-based ETF, stagnation in the NFT market, and competition from Solana. These factors, according to Krueger, undermine Ethereum's market position and question its value proposition, especially after its transition to proof-of-stake.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 4:35 pm

SOLUSD

Solana has launched a mainnet beta update, v1.17.31, to address network congestion issues caused by high demand for block space, particularly from meme coin transactions. The update, which underwent three days of testing, includes enhancements to alleviate congestion and is part of a series of improvements. The Solana Foundation noted a transaction failure rate as high as 75% due to these congestion issues. Following the update, SOL's price increased by 2.1%, and its total value locked surged by 6.4% to $3.8 billion.

Portfolio Pulse from Khyathi Dalal

April 15, 2024 | 4:22 pm

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Piedmont Lithium Inc. (NASDAQ:PLL) shares surged after receiving mining permit approval for the Carolina Lithium project in North Carolina, aiming to develop a low-cost, sustainable lithium hydroxide operation critical to the American electric vehicle supply chain. The project benefits from excellent infrastructure, low energy costs, and proximity to key markets. Exposure to PLL can also be gained through IShares Lithium Miners And Producers ETF (NASDAQ:ILIT) and SPDR S&P Metals & Mining ETF (NYSE:XME).

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 4:22 pm

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Gorilla Technology Group has received a notice of allowance for its U.S. patent application 16/732,344, which is focused on a method and system for evaluating the valid analysis region of a specific scene in the context of surveillance cameras. This development could enhance Gorilla Technology Group's offerings in the surveillance technology sector.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 4:16 pm

VIRX

Viracta Therapeutics Inc (NASDAQ:VIRX) reported Stage 1 results of the Phase 2 NAVAL-1 trial for Epstein-Barr virus-positive peripheral T-cell lymphoma, showing nanatinostat in combination with valganciclovir (Nana-val) had greater efficacy than nanatinostat alone. Despite positive efficacy results, VIRX shares dropped 15.7% to $0.97.

Portfolio Pulse from Vandana Singh

April 15, 2024 | 4:16 pm

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Oil prices are falling due to an Iranian attack on Israel, with minimal damage reported thanks to advance notice. Apple's iPhone shipments fell 10%, and Tesla is laying off 10% of its workforce but cutting its Full Self-Driving subscription price. Positive early trade money flows are seen in Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust, while negative flows are in Apple and Tesla. The article also discusses the impact of consumer spending and financial conditions on the stock market.

Portfolio Pulse from The Arora Report

April 15, 2024 | 4:08 pm

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U.S. stocks traded higher with the Dow Jones gaining over 100 points. Charles Schwab Corporation reported a decline in Q1 2024 earnings but beat revenue estimates. Soligenix, Longeveron, and Snap One Holdings saw significant stock increases, while Marinus Pharmaceuticals, Neumora Therapeutics, and Ultragenyx Pharmaceutical experienced declines. Crude oil and gold prices fell, while silver and copper prices rose. European and Asian markets showed mixed results, with economic indicators like the NY Empire State Manufacturing Index and retail sales showing improvement.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 4:02 pm

METC

Analyst reviews for Ramaco Resources (NASDAQ:METC) over the last three months show a unanimous bullish outlook, despite a slight decline in the average 12-month price target from $27.25 to $27.00. The company's financial performance indicates strong growth, with a revenue increase of 49.92%, a net margin of 14.82%, and an ROE of 8.32%. Ramaco Resources operates as a metallurgical coal company with operations in West Virginia and Virginia, and explores opportunities in rare earth elements and coal-to-carbon-based products.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 4:01 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) shares surged following insider buys from executives, including the Chief Scientific Officer and CEO. The company recently closed a public offering, raising $5.2 million for clinical and regulatory development of Lomecel-B. Despite a year-to-date loss of 91.16%, the stock's current RSI indicates it is oversold. Shares are up 50.3% at $2.54.

Portfolio Pulse from Erica Kollmann

April 15, 2024 | 3:58 pm