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GOEV

Canoo Inc. (NASDAQ:GOEV) reported mixed Q4 results with adjusted losses of $1.73 per share, beating estimates, but sales of $367,000 missed expectations. The company produced 22 vehicles in 2023, with 17 in Q4. CEO Tony Aquila highlighted the start of commercial fleet deliveries and the FTZ designation for the OKC facility. Canoo anticipates 2024 revenues between $50 million and $100 million and plans to continue acquiring distressed assets. Post-results, GOEV shares dropped 24.81% in after-hours trading.

Portfolio Pulse from Erica Kollmann

April 01, 2024 | 9:56 pm

ACNT

MP

MTRN

X

Proxy advisory firms ISS and Glass Lewis recommend U.S. Steel's sale to Nippon Steel, highlighting the deal's premium and all-cash offer. Ascent Industries reports a significant drop in sales and a shift to net loss for Q4 and the full year of 2023. Materion anticipates a 10% decline in Q1 sales but remains hopeful for recovery in 2024. MP Materials receives a $58.5 million grant to build America's first fully-integrated rare earth magnet facility, aiming to reduce dependency on imports and address national security concerns.

Portfolio Pulse from Austin DeNoce

April 01, 2024 | 9:25 pm

NTDOY

Ed Wu, senior VP of Pokémon Go, discussed the game's future, teasing major updates and a focus on growth as it approaches its 10th anniversary. Developed by Niantic, a subsidiary of Alphabet, in partnership with Nintendo ADR (NTDOY) and The Pokémon Company, Pokémon Go plans to revamp its Avatar system and introduce significant features in 2024. Wu emphasized the game's ongoing investment to ensure its longevity and addressed technical improvements and monetization strategies.

Portfolio Pulse from Franca Quarneti

April 01, 2024 | 9:12 pm

S

SentinelOne (NYSE:S) has received mixed analyst ratings over the last three months, with a shift towards more bullish sentiments in recent evaluations. The average 12-month price target for SentinelOne has increased to $30.38, up 16.67% from the previous $26.04. Analysts from firms like JMP Securities, Morgan Stanley, and Goldman Sachs have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance. SentinelOne, a cloud-based cybersecurity firm, has shown solid revenue growth of 38.13% as of January 31, 2024, but struggles with profitability and efficiency metrics such as net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:01 pm

EVRG

Evergy has submitted its Triennial Integrated Resource Plan to the Missouri Public Service Commission, detailing its strategy to address customer electricity needs for the next 20 years. The plan emphasizes the addition of renewable and dispatchable generation sources to cater to rising demand from economic development and new capacity requirements by the Southwest Power Pool.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:57 pm

COIN

Mark Yusko, CEO of Morgan Creek Capital Management, predicts Bitcoin could reach $150,000 within a year, advocating for a 1% to 3% portfolio allocation to the cryptocurrency. He cites Bitcoin's dominance, the introduction of Bitcoin ETFs, and the upcoming Bitcoin halving event as bullish factors. This contrasts with Peter Schiff's view, who sees Bitcoin as failing to surpass gold in value. The debate occurs as Bitcoin aims to rival gold as a store of value, with some analysts believing it could match gold's market cap.

Portfolio Pulse from Murtuza Merchant

April 01, 2024 | 8:46 pm

PSX

Phillips 66 announced progress in converting its San Francisco refinery into the Rodeo Renewable Energy Complex, aiming to produce over 800 million gallons of renewable fuels annually by Q2's end. This positions Phillips 66 as a renewable fuels leader.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:42 pm

TCNNF

The Florida Supreme Court approved Amendment 3 for the November 2024 ballot, which proposes the legalization of recreational marijuana for adults over 21. Trulieve Cannabis (OTCQX:TCNNF), having contributed significantly to the advocacy group Smart & Safe, stands to benefit if the amendment passes. Florida's Attorney General opposed the measure, citing concerns over federal legality. The amendment allows for possession, purchase, and use of marijuana, with Medical Marijuana Treatment Centers able to sell to adults for personal use starting May 2025 if approved.

Portfolio Pulse from Maureen Meehan

April 01, 2024 | 8:37 pm

LECO

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has acquired RedViking, a Michigan-based automation system integrator specializing in AGVs, mobile robots, custom assembly, dynamic test systems, and MES software. RedViking, with an annual revenue of ~$70M, will be integrated into Lincoln Electric's Americas Welding Segment. This acquisition enhances Lincoln Electric's automated material handling and testing solutions, and expands its capabilities in production data and analytic software solutions, particularly serving the aerospace, defense, and transportation sectors.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:31 pm

RKLB

Rocket Lab has announced a 14-day launch window for its Electron rocket, starting April 24. This event marks a significant step for the company in its space exploration and satellite deployment efforts.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:19 pm