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CODX

Co-Diagnostics has submitted its Co-DX PCR COVID-19 test and Co-Dx PCR PRO instrument for FDA Emergency Use Authorization. The platform aims to support point-of-care and at-home testing, with a development pipeline including tests for TB, HPV, and a multiplex respiratory panel for flu A/B, COVID-19, and RSV.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:32 pm

BITF

MARA

RIOT

Shares of Bitcoin miners Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and Bitfarms Ltd (BITF) are trading higher as Bitcoin's price increases. The rise in Bitcoin and related stocks is attributed to optimism about a potential spot Bitcoin ETF and expectations of Federal Reserve rate cuts in 2024. Bitcoin crossed $40,000 in early December and has been fluctuating within a range for most of the month. Analysts expect the SEC to approve a spot ETF in early 2024, which is driving positive sentiment in the crypto market.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 2:16 pm

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has announced receiving orders exceeding $10 million for its e-Bloc and related products, with deliveries and installations starting in Q2 of 2024. These orders come from various sectors, including an EV charging infrastructure developer, a solar microgrid developer for a major U.S. airport, a large titanium smelter, and a major natural gas distribution provider. The company anticipates these orders to boost revenue for 2024 and 2025, addressing the robust demand in the distributed power generation market.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:16 pm

NIO

NIO Inc (NYSE:NIO) shares dropped after a surge earlier in the week due to the launch of its new ET9 sedan and entry into the luxury EV segment. The ET9 is available for pre-order in China with deliveries expected in Q1 2025. Nio also introduced new power swap stations and a liquid-cooled charger. Additionally, Nio completed a $2.2 billion investment from CYVN Investments, giving CYVN a 20.1% stake in Nio. Analysts have a consensus price target of $28.13 for Nio stock, with 12 positive and 5 neutral ratings.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 2:14 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) has received its largest order ever, valued at $4.9 million, for its BolaWrap product to be delivered in Q4 2023. This order is seen as the beginning of a significant global deployment of WRAP's non-lethal restraint solutions in 2024. The company plans to use this order to scale production, accelerate R&D, and improve customer support, indicating strong demand and validation for its public safety technology.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:06 pm

MTNB

Matinas Biopharma's stock is up following the announcement of positive results from in vivo studies showing successful oral delivery of LNC-formulated oligonucleotides.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:06 pm

SOAR

Volato Inc. (NYSE:SOAR) has increased its HondaJet fleet by 50% to 24 aircraft as of December 2023, with the addition of three new aircraft in that month. The company has also contracted for 22 additional HondaJet Elite IIs for delivery in 2024 and beyond. This expansion is part of Volato's strategic growth plan, which includes acquiring aircraft directly from Honda and managing planes for owners. The larger fleet will improve availability and flexibility for customers, and the company has signed a letter of intent for HondaJet's new Echelon aircraft, capable of transcontinental flights.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:05 pm

FSLR

First Solar, Inc. (FSLR) has entered into agreements to sell up to $700 million in 2023 IRA Advanced Manufacturing Production tax credits to Fiserv, Inc. The deal, facilitated by Citigroup Global Markets, Inc. as the placement agent, is at a rate of $0.96 per $1 of tax credits. This transaction, a first in the solar industry, is expected to enhance First Solar's cash position and balance sheet, allowing for further investment in growth and innovation. The tax credits are derived from the sale of PV solar modules produced by First Solar's US manufacturing facilities. The company plans to invest over $2 billion in new manufacturing facilities and expects to have 14 gigawatts of US solar manufacturing capacity by 2026.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:01 pm

TRIB

Trinity Biotech plc (NASDAQ:TRIB) has started shipping its new rapid HIV screening test, TrinScreen HIV, to Kenya. The initial order consists of 2.5 million tests, with further shipments planned for early 2024. Kenya's HIV screening program, one of Africa's largest, performs approximately 10 million tests annually. Trinity Biotech expects to receive additional orders throughout 2024, as Kenya has secured funding from sponsors like Global Fund and USAID for all 10 million required tests. The new HIV testing algorithm, including TrinScreen HIV, will be implemented in January 2024. The company sees this as a significant opportunity to expand its presence in the HIV screening market across Africa, which is part of a global market estimated at 150 million tests annually.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 1:58 pm

AAPL

Apple Inc (NASDAQ:AAPL) shares closed slightly lower on Tuesday. The company is exploring licensing its content to news and publishing firms and is under DOJ scrutiny for blocking the Beeper app. Apple's dividend yield is 0.50%, with a quarterly dividend of 24 cents per share. To earn $500 monthly from dividends, one would need to own 6,250 shares, valued at approximately $1,206,563. The dividend yield fluctuates with stock price and dividend changes. AAPL shares fell 0.3% to close at $193.05.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 1:52 pm