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PBM

Psyence Biomed's Australian subsidiary, Psyence Australia, has partnered with Fluence and iNGENū CRO to train research therapists for a Phase IIb psilocybin trial. This collaboration aims to advance the study and potential therapeutic applications of psilocybin.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:14 pm

FSM

Fortuna Silver Mines Inc. (NYSE:FSM) reported strong Q1 2024 gold and gold equivalent production, with gold production up 49% Y/Y and gold equivalent ounces up 20% Y/Y, despite a 32% Y/Y decline in silver production. The company operates mines in West Africa and Latin America, with significant production increases noted in the West Africa Region. Fortuna reiterated its FY24 production guidance for gold, silver, and gold equivalent ounces. FSM shares rose 1.91% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 12:13 pm

LOBO

LOBO EV Technologies Ltd. (NASDAQ:LOBO), an electric vehicle manufacturer, announced receiving support from the Xinwu District government in Jiangsu Province, China. This support includes factory spaces, land resources, talent acquisition, and tax incentives, aimed at fostering LOBO's growth. The announcement was made during a gala dinner celebrating LOBO's successful Nasdaq IPO. The company's strategic direction aligns with the local government's vision of transforming Wuxi into a global industrial technology hub. The global market for e-bikes, e-trikes, and e-scooters is expected to grow from $28 billion in 2023 to over $39 billion by 2028.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:13 pm

AMRC

Ameresco, Inc. (AMRC) has secured a $140 million contract to develop and construct a facility for the Sacramento Area Sewer District. This significant contract highlights Ameresco's growing influence in the renewable energy and infrastructure sector, potentially boosting its financial performance and market position.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:10 pm

PAPL

Pineapple Financial has announced a collaboration with Century 21 Leading Edge Realty to integrate its online mortgage application system. This partnership aims to streamline the mortgage application process for clients of Century 21 Leading Edge Realty by providing a more efficient, online-based system.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:08 pm

MCHP

TSM

Microchip Technology (NASDAQ:MCHP) has expanded its partnership with TSMC to enhance semiconductor manufacturing capacity, focusing on a specialized 40 nm process at Japan Advanced Semiconductor Manufacturing, Inc. (JASM), a TSMC subsidiary in Japan. This move is part of Microchip's strategy to increase supply chain resiliency, including boosting internal manufacturing capabilities and establishing geographical diversity. The partnership aims to support global customers across various markets such as automotive, industrial, and networking, ensuring reliable supply management and fostering long-term growth and innovation.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:07 pm

FCEL

XOM

FuelCell Energy, Inc. (FCEL) and ExxonMobil Technology and Engineering Company (EMTEC) have updated and extended their joint development agreement to accelerate access to carbonate fuel cell technology for carbon capture. This technology, which captures CO2 emissions while generating electricity and hydrogen, could lower the cost and barriers to carbon capture adoption. A pilot project is set to start in early 2026 at Esso Nederland BV's Rotterdam Manufacturing Complex. The agreement allows FuelCell Energy to market its carbon capture technology, enhanced by joint innovations, aiming to accelerate commercial delivery.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:07 pm

SATL

Tata Advanced Systems and Satellogic have successfully launched the TSAT-1A satellite, marking the first sub-meter resolution optical satellite built in India to reach orbit. This achievement represents a significant milestone in the collaboration between the two companies and enhances their capabilities in space technology and satellite imaging.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:07 pm

AAPL

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is significantly expanding its U.S. investment to over $65 billion, supported by a $6.6 billion federal grant, to produce advanced 2-nanometer chips. This includes building a third chip manufacturing facility in Phoenix, Arizona, by 2030, marking the largest foreign direct investment in U.S. history for a greenfield project. TSMC also aims for 60% local procurement for its first chip manufacturing facility in Japan by 2030. Despite a severe earthquake in Taiwan, TSMC maintains its annual revenue growth forecast. TSMC stock has gained 59% in the last 12 months, and investors can also gain exposure through VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 12:06 pm

KBH

KB Home announced the grand opening of its newest community in San Antonio, Texas, marking a significant expansion in its real estate portfolio.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:06 pm