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LIN

Linde's subsidiary White Martins is set to build and operate a second electrolyzer for green hydrogen production in Brazil's Southeast region by 2025. The plant, powered by renewable energy, aims to supply green hydrogen to various industries, including a glass manufacturer, to reduce emissions.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:25 am

PUBM

PubMatic (NASDAQ:PUBM), a leading technology company in digital advertising, has partnered with Virgin Media to enhance ad-funded TV content in the UK, allowing advertisers to reach broader audiences through premium channels.

Portfolio Pulse from Charles Gross

April 18, 2024 | 10:23 am

APOG

Apogee Enterprises forecasts a 4% to 7% decline in FY25 net sales, attributing about 2% of this decline to the fiscal year reverting to 52 weeks and 1% to Project Fortify's elimination of certain lower-margin products and services.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:13 am

LIN

Linde (NASDAQ:LIN) is expanding its green hydrogen production in Brazil through its subsidiary White Martins, by building a second electrolyzer plant in Jacareí, São Paulo. This new five-megawatt plant will utilize renewable energy sources, including solar and wind, to produce green hydrogen, enhancing Linde's sustainable energy offerings in the southeast region of Brazil.

Portfolio Pulse from Charles Gross

April 18, 2024 | 10:03 am

TSLA

Morgan Stanley analyst Adam Jonas predicts an EV market recession but maintains an 'overweight' rating on Tesla (TSLA) with a $310 price target, citing the company's potential in AI. Despite a valuation of Tesla's core auto business at $62 per share, Jonas believes Tesla will leverage the downturn to strengthen its position. He notes the broader EV slowdown, evidenced by layoffs and revised targets, and anticipates further layoffs at Tesla. Jonas also suggests legacy carmakers will significantly lower their EV ambitions, while Tesla's AI initiatives could enhance its valuation.

Portfolio Pulse from Anan Ashraf

April 18, 2024 | 9:28 am

MEG

Montrose Environmental has priced its public offering of 3 million common shares at $37.15 each. The proceeds will be used for general corporate purposes and to accelerate strategic growth initiatives such as acquisitions, business expansion, commercialization of intellectual property, R&D, software development, capital expenditures, working capital, and debt repayment.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:23 am

AAPL

Huawei Technologies Co. has launched its new Pura 70 smartphone series, directly challenging Apple Inc. (AAPL) in the high-end Chinese market. This move comes as Apple faces declining iPhone sales in China, with the Pura 70 series expected to intensify competition. Analysts have expressed concerns about Apple's future revenue in China, with some remaining optimistic about a turnaround. The launch of the Pura 70, featuring innovative camera technology, could further impact Apple's market position in China.

Portfolio Pulse from Rounak Jain

April 18, 2024 | 8:23 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has resumed deliveries of its Cybertruck after a brief halt, with CEO Elon Musk citing caution as the reason for the pause. The halt was reportedly due to an issue with the pickup truck's accelerator pedal, but no injuries or accidents occurred. Tesla aims to deliver a quarter million Cybertruck vehicles annually, with 2,803 units sold in the U.S. in the first quarter. Tesla shares closed down nearly 1% at $155.45 and dropped nearly 0.5% after hours.

Portfolio Pulse from Anan Ashraf

April 18, 2024 | 8:09 am

CF

CF Industries and JERA have signed a Joint Development Agreement (JDA) to evaluate building a low-carbon ammonia plant in the U.S. with a capacity of 1.4 million metric tons. JERA is considering a 48% stake in the project and plans to procure over 500,000 metric tons of low-carbon ammonia annually for Japan's low-carbon fuel needs. The companies aim for a final investment decision within a year, targeting production start in 2028.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:46 am

CSCO

Cisco has introduced Hypershield, a new technology aimed at enhancing security for AI-driven data centers and cloud environments. This move underscores Cisco's commitment to addressing the growing security needs in complex digital infrastructures.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:22 am