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BLDP

Ballard Power Systems Inc. (BLDP) shares have risen following the announcement of a Long Term Supply Agreement with Solaris. Under this agreement, Ballard will supply 1,000 hydrogen fuel cell engines for the European transit bus market, marking a significant step in the adoption of clean energy solutions in public transportation.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:11 pm

MP

MP Materials (NYSE:MP) has been awarded a $58.5 million tax credit to support the construction of America's first fully-integrated rare earth magnet manufacturing facility. This initiative is part of a competitive process overseen by the Department of Energy, aimed at enhancing technical, commercial viability, and environmental impact. The facility will produce neodymium-iron-boron (NdFeB) magnets, crucial for various applications including electric vehicles and defense systems. MP Materials plans to start commercial production of precursor materials in Fort Worth by this summer and finished magnets by late 2025, with General Motors as a foundational customer. The raw materials will be sourced from MP's rare earth mine in Mountain Pass, California, ensuring an end-to-end supply chain with integrated recycling and sustainability.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:09 pm

IRON

Disc Medicine shares dropped following the announcement of topline results from the Phase 2 AURORA study of bitopertin in patients with EPP.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:07 pm

ALPN

Alpine Immune Sciences, Inc. (NASDAQ:ALPN) announced it will present updated clinical data for povetacicept in IgA nephropathy at the World Congress of Nephrology 2024. The data comes from the RUBY-3 phase 1b/2a study. Concurrently, ALPN will host an investor event on April 15th.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:05 pm

MMM

SYNX

Silynxcom Ltd. (SYNX) and 3M PELTOR have announced an expansion of their collaboration to include the latest Peltor ComTac VIII Headset in their mutual conversion distributor agreement. This partnership aims to deliver advanced tactical communication solutions, integrating Silynxcom's systems with Peltor's headsets for enhanced operational effectiveness.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:03 pm

BLRX

BioLineRx Ltd. announced a registered direct offering of 7.5M ADSs and warrants to purchase up to 7.5M ADSs at $0.80 each, aiming to raise $6M. The proceeds will support the commercialization of APHEXDA® for stem cell mobilization in multiple myeloma patients, advance pancreatic cancer clinical development, and other programs. The offering, facilitated by JonesTrading Institutional Services LLC, is expected to close by April 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:02 pm

OPTX

Syntec Optics (NASDAQ:OPTX), a key supplier in scientific and technical instruments, announced receiving new orders for a high-resolution, wide-field-of-view, innovative freeform prism subsystem for defense head-up microdisplays. These orders, scheduled for delivery in 2024, add to existing orders for other microdisplay optics versions. The company has been involved in the development and production of these lightweight freeform prism subsystems for over a decade, aimed at enhancing situational awareness for aviation pilots. The US defense is actively fielding these optical systems, which integrate electronics by OEMs to generate augmented reality overlays on OLED micro-displays.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:53 pm

BITF

Bitfarms Ltd (NASDAQ:BITF) shares are trading higher after the company released a production and operations update for March, reporting it mined 286 bitcoin, a decrease from previous months, but increased its total bitcoin holdings to 806. The company also announced the purchase of additional miners to reach a target of 21 EH/s by year-end, aiming for greater operating efficiency.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 12:51 pm

WLDS

Wearable Devices Ltd. (NASDAQ:WLDS) has signed a reseller agreement with WisePlus to expand its licensing program in South Korea and China. This partnership allows WisePlus to resell Wearable Devices' Mudra Developer Kit (MDK), enhancing touchless sensing wearables' development and integration. The collaboration aims to leverage WisePlus' regional expertise, offering local support and customization for enterprises. The MDK, designed for OEMs and developers, supports creating custom gestures for various applications, promising innovation in the XR market and beyond.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:50 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) reported a 24% increase in bitcoin mined in March, totaling 806, and now holds 5,021 bitcoins. The company sold 3.37 bitcoins at an average price of $58,800 each. Construction of its Dalton acquisition is nearly complete, with 15 megawatts of power expected to be activated soon, potentially increasing its operating hashrate to over 17 EH/s. CEO Zach Bradford stated the company is fully funded for its S21 miner payments and is prepared for aggressive acquisitions post-bitcoin halving. CleanSpark shares were down 9.34% at $19.20.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 12:50 pm