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CSIQ

Canadian Solar Inc (NASDAQ:CSIQ) reported a 14% year-on-year decline in Q4 fiscal 2023 revenue to $1.70 billion, slightly above consensus estimates. Despite a decrease in module average selling price and lower project sales, total module shipments increased by 26% Y/Y to 8.2 GW. The company experienced a decrease in EPS to $(0.02), down from $1.11 in Q4 2022. Gross profit and margin also declined due to lower ASPs and an inventory write-down. Operating cash flow decreased to $190 million from $395.4 million last year. CSIQ provided a conservative Q1 outlook with expected revenue of $1.20 billion to $1.40 billion, below consensus estimates, and anticipates a gross margin of 17% - 19%. For fiscal 2024, revenue is expected to be between $8.50 billion and $9.50 billion, with total module shipments of 42 GW - 47 GW and battery energy storage shipments of 6.0 GWh - 6.5 GWh. CSIQ shares rose 1.15% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 1:34 pm

WMT

Walmart (NYSE:WMT) and unspun have announced a pilot project to explore a novel 3D weaving technology aimed at reducing waste in apparel manufacturing and supporting US-based production. This technology, which directly converts yarn into garments, could offer a more sustainable process for meeting apparel demand. The pilot will focus on producing workwear style pants under a Walmart house brand. Success in this pilot could lead to further collaboration and expansion of microsites across the U.S. for localized manufacturing.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:33 pm

BTCUSD

Bitcoin's technical analysis reveals a bearish 'rising wedge' pattern, suggesting a potential pullback despite recent highs. Analysts express caution, noting divergences in indicators that historically precede corrections. Despite potential short-term declines, factors like ETF inflows and purchases by entities like MicroStrategy may limit bearish pressure. Bitcoin recently hit a new peak of $73,709, driven by significant investments into U.S. Bitcoin ETFs and discussions around the Bitcoin halving event.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 1:33 pm

LEXX

LEXXW

Lexaria Bioscience Corp. has appointed Nelson Cabatuan as its new Chief Financial Officer (CFO), effective immediately. Cabatuan brings over 15 years of experience in corporate finance and operations within the life sciences industry, notably with Rain Oncology, Inc. and Rigel Pharmaceuticals, Inc. His appointment is expected to bolster Lexaria's financial operations and support its long-term growth strategy, particularly in maximizing the potential of its DehydraTECH platform for GLP-1 and other therapeutic applications.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:22 pm

AMC

DIS

LYV

The Walt Disney Company (NYSE:DIS) acquired streaming rights for Taylor Swift's concert film, 'The Eras Tour (Taylor's Version)', set to release on Disney+ on March 14. The film, previously shown in theaters through a partnership with AMC Entertainment Holdings (NYSE:AMC), grossed over $261.7 million worldwide. Live Nation Entertainment (NYSE:LYV) also benefited from the demand for Swift's concerts. Disney's exclusive streaming rights could attract more subscribers to Disney+, potentially boosting its stock in the short term.

Portfolio Pulse from Chris Katje

March 14, 2024 | 1:19 pm

SWIN

SOLOWIN HOLDINGS (NASDAQ:SWIN) announced its expansion into the Private Wealth Management business through its new Hong Kong subsidiary, Solomon Private Wealth Limited. The company aims to serve high-net-worth individuals, family offices, and trusts with a range of wealth management services. This move is supported by the opening of a new office in Hong Kong's International Commerce Center, reflecting SOLOWIN's commitment to diversifying its services and catering to next-generation investors.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:16 pm

ATHM

CANG

KMX

UXIN

Cango Inc. (CANG) is shifting its focus to exporting used Chinese cars to developing markets with its new app, AutoCango, after facing intense competition in China's car market. Despite a 73% revenue drop in Q4 last year, Cango's stock has risen due to its conservative financial approach and substantial cash reserves. The company's domestic business struggles, but it aims to capitalize on China's position as a top auto exporter. Cango's cost-cutting measures have narrowed losses, and it is adjusting its business model to lower risk by focusing on intermediary services.

Portfolio Pulse from The Bamboo Works

March 14, 2024 | 1:15 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed trading signals, with Ethereum completing the 'Dencun' upgrade. Dogecoin's value may rise as Tesla considers accepting it for payments. Hacken's market cap reaches $57M after unveiling a tokenized share offering. Bitcoin critic Peter Schiff expresses regret over not investing in Bitcoin earlier. Crypto miners see record profits amid a Bitcoin rally. US markets see mixed movements with Hello Group and others moving lower. Political and global events include potential lawsuits, defense decisions, and tech partnerships. Electric vehicle market updates include Tesla's plans and competition from Polestar. Consumer, communication, healthcare, general news, space, and energy sectors also see significant updates.

Portfolio Pulse from Akanksha Bakshi

March 14, 2024 | 1:13 pm

MSFT

Speculation surrounds Microsoft Corp. (NASDAQ:MSFT) after a possible hint at the introduction of GPT-5 Turbo in its Copilot Pro subscription was dismissed as a typographical error. Despite the clarification, the typo has fueled ongoing speculation about the advancement in AI technology, particularly in the context of the competitive landscape with companies like Anthropic introducing advanced models.

Portfolio Pulse from Rounak Jain

March 14, 2024 | 1:11 pm

GBTC

IBIT

Bitcoin ETFs saw a net inflow of $683 million on March 13, with BlackRock's IBIT leading with $586 million in inflows, contrasting with Grayscale Bitcoin Trust's $276 million outflow. The interest in Bitcoin ETFs, especially IBIT, indicates growing investor confidence in cryptocurrency assets managed by established firms. The upcoming listing of Bitcoin ETFs on major asset management platforms and the introduction of options trading are expected to further integrate cryptocurrencies into mainstream financial markets.

Portfolio Pulse from Murtuza Merchant

March 14, 2024 | 1:04 pm