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VFS

Pham Nhat Vuong, founder of VinFast Auto Ltd (NASDAQ:VFS), launched V-Green, an EV charging venture to support VinFast vehicles globally. V-Green aims to expand charging infrastructure in key markets, manage VinFast's network in Vietnam, and may extend services to other EV manufacturers after five years. An investment of $404 million over two years is planned to enhance infrastructure. Vuong's previous venture, Green SM, significantly contributed to VinFast's sales in 2023. VFS shares rose 0.80% to $5.06 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 1:29 pm

COSM

Cosmos Health has received regulatory approval to sell its Sky Premium Life nutritional supplements in the UAE market and has secured initial purchase orders. This expansion into the UAE represents a significant step for Cosmos Health in increasing its global footprint and tapping into new revenue streams.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:28 pm

LEEEF

LEEF Brands, Inc. announced the launch of Well-Kept CBD Infused Honey, emphasizing sustainability and wellness. The product supports environmental conservation and addresses declining honeybee populations by integrating bee farming into their operations. The company's shares traded slightly lower at $0.0219 after the market close on Friday.

Portfolio Pulse from Jelena Martinovic

March 18, 2024 | 1:25 pm

WETH

Wetouch Technology has entered into a strategic collaboration with IDEC Corporation to enhance its presence in the Japanese touch display market. This partnership aims to leverage both companies' strengths to expand their market share and innovate in the touch display sector.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:19 pm

RVSN

Rail Vision Ltd. (RVSN) announced a non-binding MoU with a leading U.S.-based railway technologies company for the distribution of Rail Vision's MainLine and Switch Yard systems. This partnership aims to expand Rail Vision's presence in the North American market by leveraging the distributor's network to market Rail Vision's solutions.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 1:16 pm

WAVD

WaveDancer, Inc. (NASDAQ:WAVD) and Firefly Neuroscience, Inc. have received the necessary stockholder approvals for their merger. The merger is expected to close in Q2 2024, with the combined company to operate under the name Firefly Neuroscience, Inc. and focus on advancing Firefly's FDA-approved BNA platform for brain health.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 1:12 pm

EH

EHang Holdings Ltd (NASDAQ:EH) shares are trading higher after the company began selling its EH216-S flying taxi on Taobao for $332,000. This follows safety approval from the Civil Aviation Administration of China. EHang's stock has seen significant growth, with a 95.77% increase over the past year and a 71.88% increase over the past month. However, its current RSI of 79.91 suggests it may be overbought.

Portfolio Pulse from Adam Eckert

March 18, 2024 | 1:11 pm

IPWR

RELL

Ideal Power has entered into a global distribution agreement with Richardson Electronics for its products, including the B-TRAN device and SymCool Power Module. This partnership aims to enhance the distribution and availability of Ideal Power's innovative products worldwide.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:11 pm

IPWR

RELL

Ideal Power Inc (NASDAQ:IPWR) has entered into a global distribution agreement with Richardson Electronics, Ltd (NASDAQ:RELL) for its products, including the B-TRAN device and SymCool power module. This partnership aims to leverage Richardson Electronics' technical sales capabilities and global reach to distribute Ideal Power's products, which are suitable for applications in EVs, renewable energy, and more. Ideal Power anticipates the solid-state circuit breaker market to be an early source of sales growth starting in the second half of 2024.

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 1:10 pm

TSLA

XLY

Goldman Sachs has lowered its stock price projections and delivery forecasts for Tesla, Inc. (NASDAQ:TSLA) due to production challenges and weakening demand for electric vehicles. The firm reduced its 12-month price target for Tesla from $220 to $190, citing slower Model 3 ramp-up, operational disruptions in Berlin, and a general softening in EV demand. Despite these challenges, Goldman Sachs sees growth opportunities for Tesla, including new models and a low-cost vehicle. Tesla's shares have dropped 34% year to date, significantly impacting its market valuation. The Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY), with Tesla as its largest holding, has also seen its price stall.

Portfolio Pulse from Piero Cingari

March 18, 2024 | 1:09 pm