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AGFY

Agrify Corporation (NASDAQ:AGFY), a leader in cultivation and extraction solutions for the cannabis industry, has secured a $3.4 million sales order from HarvestWorks Farm, a woman-owned business in New Jersey. The deal includes 156 Vertical Farming Units, a Turnkey Pure Pressure Solventless extraction Lab Package, a 2-year Service Support Agreement with $350 per pound Production Success Fees, and a 5-year SaaS Fee Agreement worth approximately $1 million.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:38 pm

CIO

ONL

OPI

The article highlights the top 3 oversold real estate stocks, which are Office Properties Income Trust (OPI), Orion Office REIT Inc. (ONL), and City Office REIT, Inc. (CIO), based on their RSI values indicating potential undervaluation. OPI reported positive quarterly sales but saw a significant price drop. ONL faced a decline after posting worse-than-expected financial results and a disappointing FY24 Core FFO guidance. CIO also experienced a decrease in stock price following downbeat quarterly sales, despite positive leasing activity momentum.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 12:26 pm

IBM

IBM has announced that the Mixtral-8x7B, a popular open-source large language model developed by Mistral AI, is now available on its Watsonx AI and Data platform. This move signifies IBM's commitment to enhancing its AI offerings and providing advanced tools for data analysis and AI applications.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:24 pm

HAYW

Hayward Holdings projects FY24 net sales to be between $1.010B and $1.060B, marking a 2%-7% year-over-year increase. This guidance is based on solid execution, positive price realization, and continued technology adoption. The company expresses confidence in its long-term profitable growth and robust cash flow generation.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:24 pm

LASE

Laser Photonics announced it has received an order from Pima Air & Space Museum for its CleanTech LPC-1000-CTHS laser cleaning system. This order highlights the company's expansion in providing advanced laser cleaning solutions.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:22 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares dropped in premarket trading despite reporting a significant year-over-year revenue increase of 452% to $156.77 million and reversing to a profit of 66 cents per share. The decline was attributed to an adjusted loss of 2 cents per share, missing analyst expectations of a 3-cent per share profit. The company also reported a 172% increase in Bitcoin production. The drop occurred amidst a broader Bitcoin rally, with Bitcoin reaching a new intraday high of $63,432.97.

Portfolio Pulse from Shanthi Rexaline

February 29, 2024 | 12:17 pm

ASLN

ASLAN Pharmaceuticals has received a favorable opinion from the European Patent Office on its composition of matter patent application for Farudodstat, ensuring exclusivity for the drug until at least 2043. This development is significant for the company's intellectual property rights and its ability to commercialize Farudodstat in the European market.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:16 pm

TLSI

TriSalus Life Sciences announced the publication of a real-world study on the effectiveness of its TriNav device for trans-arterial chemoembolization and trans-arterial radioembolization in patients with hepatocellular carcinoma and liver metastases. The study's findings could potentially enhance the company's reputation in the medical device sector and impact its market position.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:15 pm

LEV

Lion Electric Company (LEV) reported a significant increase in vehicle deliveries, totaling 852 vehicles for the current period, up by 333 vehicles from the 519 delivered in fiscal 2022.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:06 pm

GOOG

GOOGL

Alphabet Inc.'s Google celebrates Leap Day on Feb. 29, 2024, with a special doodle featuring a frog and the number 29. This part of Google's Leap Year festivities includes sharing interesting facts and a retrospective of its doodle series. Leap Day, occurring every four years, helps keep our calendars in alignment with the Earth's orbit around the Sun.

Portfolio Pulse from Rounak Jain

February 29, 2024 | 12:06 pm