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RCAT

Red Cat Holdings, Inc. (NASDAQ:RCAT) has secured $2.5 million in contracts with two NATO allied countries for its Teal 2 drone systems, training, and accessories, expected to be delivered by the end of March. The contracts align with Red Cat's global sales expansion strategy and underscore its commitment to supporting NATO allies with advanced, American-made drone technology. The Teal 2 drones are designed for military, public safety, and government use, featuring night vision, thermal imaging, and AI capabilities. Red Cat plans to further its international business development by participating in the FIDAE 2024 conference in Santiago, Chile.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:35 pm

ALLG

F

Ford (NYSE:F) and Allego N.V. (NYSE:ALLG) have announced a strategic partnership to install ultra-fast charging stations at Ford dealerships across Europe. This initiative aims to support Ford's transition to a fully electric vehicle lineup by 2035 and improve charging infrastructure for EV customers. The charging stations will offer up to 400 kW charging, accessible 24/7, and compatible with DC charging vehicles. Ford customers will enjoy preferential rates through various payment methods, including the FordPass Charging Card.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:32 pm

VKTX

Viking Therapeutics Inc (NASDAQ:VKTX) released results from a Phase 1 trial of VK2735, an oral obesity drug, showing dose-dependent weight reductions and minimal side effects. The company plans to continue dose escalation and initiate a Phase 2 trial in the second half of 2024. VKTX shares surged 20.90% to $83.64.

Portfolio Pulse from Vandana Singh

March 26, 2024 | 2:25 pm

GM

GM's CFO announced at the BofA Conference that the company is concentrating efforts on making its electric vehicles (EVs) profitable by 2025.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:18 pm

CTEX

HD

NBCT

NOVA

Sunnova Energy International Inc. (NOVA) shares rose after being named the exclusive national solar and battery storage services provider for The Home Depot, Inc. (HD). This partnership allows Sunnova to offer its services in over 2,000 Home Depot stores across the U.S. and its territories. Despite recent quarterly losses exceeding analyst expectations, the announcement has positively impacted NOVA's stock price, which increased by 13.3%. Investors can also gain exposure to NOVA through ProShares S&P Kensho Cleantech ETF (CTEX) and Neuberger Berman ETF Trust Neuberger Berman Carbon Transition Infrastructure ETF (NBCT).

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 2:13 pm

APCX

CISS

NBSE

OPGN

QH

STOK

U.S. stocks traded higher with the Nasdaq gaining over 50 points. Consumer discretionary shares rose by 0.7%, while energy shares fell by 0.2%. U.S. durable goods orders increased by 1.4% in February. Stocks like Stoke Therapeutics, C3is Inc., and OpGen saw significant gains, whereas NeuBase Therapeutics, Quhuo Limited, and AppTech Payments Corp experienced sharp declines.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 2:09 pm

EPAM

EPAM Systems, Inc. has acquired Vates S.A., a software development company with offices in Argentina and Chile, to enhance its software development portfolio and expand its delivery capabilities in Latin America. This acquisition adds hundreds of skilled engineers to EPAM's team, strengthening its position in cloud, testing, and Atlassian platform knowledge. Vates, known for its end-to-end solutions across multiple industries, will help EPAM in delivering advanced digital services and fostering growth in LATAM.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:06 pm

CCL

Carnival Corporation & plc (CCL) has finalized an agreement with Meyer Werft for a fifth Excel-class cruise ship for Carnival Cruise Line, scheduled for delivery in 2028. This addition confirms an 11th Excel-class ship across four of its brands, emphasizing Carnival's commitment to growth and operational efficiency. The new ship, like its predecessors, will be LNG-powered and designed to carry over 6,400 guests and 1,800 crew. This order aligns with Carnival's strategy for measured capacity growth and is contingent upon financing expected to be completed later this year.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:03 pm

GM

GM's CFO announced at the Bank of America Conference that the company is in the early stages of scaling up its electric vehicle (EV) production. This statement indicates GM's commitment to expanding its presence in the EV market.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:48 pm

CNVS

Cineverse has signed a multi-year deal with Konami Cross Media to distribute titles including the 'Yu-Gi-Oh!' franchise, enhancing Cineverse's anime library. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:32 pm