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UCAR

U Power (NASDAQ:UCAR) shares surged 65.5% in premarket trading after announcing the commercial rollout of its battery-swapping and sharing model for EVs in Wuhu, China, set for April 2024. The company plans to establish 60 power-swapping service points to serve over 800 customers. The technology aims to enhance vehicle efficiency by reducing charging time.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 1:09 pm

BTCUSD

Bitcoin (BTC) has broken through a significant resistance level, surpassing $72,000, and is predicted to potentially reach or exceed $80,000 in the coming weeks, according to analysts. This bullish momentum is attributed to a technical breakout and is supported by a positive market environment, including a strong nonfarm payrolls report. The anticipated rally is part of a broader market upswing, with assets like the Nasdaq, S&P 500, and gold also gaining. The introduction of Bitcoin ETFs and the upcoming halving event are expected to further boost the cryptocurrency market.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 1:08 pm

DAIO

Data I/O Corporation (NASDAQ:DAIO) announced the sale of its 500th PSV automated programming system, marking a significant milestone. The PSV family, including PSV7000, PSV5000, PSV3500, and PSV2800, is recognized as the industry standard for device programming, serving the automotive, industrial, and consumer markets. Data I/O will showcase the PSV family and its security provisioning solutions at the IPC APEX Expo. The company's continuous innovation and partnership with top automotive electronics suppliers worldwide underscore its leadership in programming technology.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:07 pm

BECN

Beacon (NASDAQ:BECN), a specialty roofing distributor, announced the opening of new locations in Dieppe, New Brunswick, Canada, and Spring Lake Park, Minnesota. These branches aim to serve the residential and commercial roofing contractors in their respective regions. The expansion is part of Beacon's Ambition 2025 plan, which focuses on footprint expansion to drive above-market growth. The company has opened five new locations, completed two acquisitions adding seven branches, and signed a purchase agreement for a third acquisition in 2024, exceeding its Ambition 2025 revenue and shareholder return targets two years early.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:05 pm

DELL

FJTSY

HPE

INTC

R2 Semiconductor has filed a patent infringement lawsuit against Intel and its customers, including Dell and HP, in France, following successful court actions in Germany. The lawsuit, which concerns integrated voltage regulation technology, comes ahead of a similar trial against Intel in the U.K. R2 has also sued Amazon Web Services and Fujitsu in Germany for using infringing Intel chips. R2's technology is claimed to be critical to Intel's products in various markets, yet R2 alleges it has not been compensated.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:04 pm

ASTC

Astrotech's subsidiary, 1st Detect, has its TRACER 1000 mass spectrometer listed on the U.S. General Services Administration (GSA) IT Schedule 70 under contract with SRI Group. This listing approves Astrotech as a U.S. government vendor, potentially opening up significant federal procurement opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:04 pm

CELU

Celularity Inc. (NASDAQ:CELU), a biotech company, announced it will present in vitro data at the ASGCT Annual Meeting, suggesting its NK cell therapies (CYNK-001 and CYNK-201) could effectively eliminate senescent cells, potentially addressing age-related diseases. These cells contribute to degenerative diseases, cancer, and immune system decline with age. Celularity's technology leverages placental cells for cell therapy products targeting damaged and abnormal cells.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:03 pm

HYMTF

TSLA

WKSP

Hyundai Motor Company (OTC:HYMTF) and Kia Corporation are enhancing their competitiveness in India by signing a memorandum of understanding with Exide Energy Solutions Ltd for localizing EV battery production. This move aligns with Tesla Inc's (NASDAQ:TSLA) interest in India for EV production due to lower labor costs. Hyundai plans to invest $2.40 billion in India, launching six EVs by 2028, while Kia will introduce three EVs, including the made-in-India Carens EV. Hyundai Motor America reported record sales, with a significant increase in EV sales. Hyundai's collaboration with Worksport Ltd (NASDAQ:WKSP) for solar-powered tonneau covers and portable battery systems indicates a commitment to R&D and eco-friendly innovations. The strategic focus on India's booming EV market, where sales are expected to rise by 66% this year, positions Hyundai, Kia, and Exide to capitalize on this growth.

Portfolio Pulse from Upwallstreet

April 08, 2024 | 1:02 pm

BAH

NET

Cloudflare, Inc. (NYSE:NET) and Booz Allen Hamilton (NYSE:BAH) have announced a collaboration to provide immediate Incident Response and DDoS mitigation services to Booz Allen's global commercial clients facing cyber attacks. This partnership offers a 30-Day Rapid Response DDoS Mitigation service, including continuous monitoring and protection, leveraging Cloudflare's extensive network and cybersecurity expertise. The collaboration aims to support enterprises during critical times of cyber threats, ensuring rapid mitigation and ongoing protection.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:02 pm

SMRT

SmartRent has introduced the Alloy SmartHome Leak Sensor+, a new product that offers enhanced features such as superior battery longevity, increased humidity resistance, improved leak detection, broader compatibility, higher reliability, and better performance.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:02 pm