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ALEX

Alexander & Baldwin, Inc. (ALEX) announced a build-to-suit lease and two sales at its Maui Business Park Phase II project in Kahului, Maui. The project includes a lease to a national food manufacturer for a warehouse and distribution facility, the sale of 12.5 acres to the County of Maui for a Department of Transportation facility, and the sale of two lots to Hamai Appliances, Inc. for a showroom and service center. The project's final phase offers commercial space for various uses, with infrastructure improvements to be completed by early 2026.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:10 pm

UAL

United Airlines Holdings Inc announced that flights between New York/Newark and Tel Aviv will resume on March 2, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:08 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) reported Q4 earnings with revenue of $1.32 billion, surpassing estimates but missed EPS expectations with a loss of $1.36 per share. The company produced 17,541 vehicles and delivered 13,972 in Q4, ending the year with $9.37 billion in cash. For 2024, Rivian aims for cost efficiency and expects to produce 57,000 vehicles with an adjusted EBITDA loss of $2.7 billion. It also plans a 10% workforce reduction and the unveiling of the Rivian R2 on March 7. RIVN shares dropped 17% in after-hours trading.

Portfolio Pulse from Chris Katje

February 21, 2024 | 9:55 pm

CLPT

ClearPoint Neuro, Inc. (NASDAQ:CLPT) announced FDA clearance and first-in-human cases for its ClearPoint 2.2 Software with integrated Maestro Brain Modeling. Additionally, a validation study for the ClearPoint Maestro Brain Model was published in NeuroImage. The ClearPoint system offers precise navigation for various brain procedures, with the Maestro Brain Model enhancing accuracy and reproducibility in segmentation of brain structures. The first clinical cases using ClearPoint 2.2 were successfully completed, with a full market release expected in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:54 pm

JOBY

Joby Aviation, Inc. (NYSE:JOBY) reported Q4 financial results with a loss of 17 cents per share, beating estimates by 10.53%, but missed sales estimates by 1.71% with $1.03 million. The company highlighted 2023 achievements including an exclusive air taxi operation agreement in Dubai and a piloted flight in NYC. Joby's 2024 focus will be on aircraft certification, manufacturing, and commercialization preparation for 2025, expecting to use $440-$470 million in cash and investments.

Portfolio Pulse from Erica Kollmann

February 21, 2024 | 9:52 pm

DDD

3D Systems (NYSE:DDD) has introduced a groundbreaking multi-material, one-piece jetted denture solution, marking a significant advancement in digital dentistry. This solution, which combines aesthetics with durability, is expected to expand the company's addressable dental market significantly, with denture demand projected to exceed $2 billion by 2028. Glidewell, the largest dental lab globally, plans to implement this new denture solution in 2024. The solution has been developed to meet critical patient needs for break-resistance and aesthetics, and is pending 510(k) clearance from the FDA for the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:51 pm

TSAT

Avanti Communications has signed a Memorandum of Understanding with Telesat (TSX:TSAT) to develop LEO services as part of Avanti's multi-orbit strategy. This collaboration aims to incorporate Telesat's Lightspeed services into Avanti's network, enhancing broadband connectivity worldwide. The partnership focuses on delivering tailored solutions to enterprise and government customers, with Telesat's Lightspeed constellation expected to be operational in 2027. The agreement also includes potential integration of Avanti's terrestrial infrastructure into the Telesat Lightspeed network.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:50 pm

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TSLA

Tesla Inc (TSLA) showcased its dominance in California's new vehicle sales in 2023, with the Model Y and Model 3 leading the charts. Despite Tesla's headquarters moving to Texas, its Fremont factory in California remains the largest vehicle-producing factory in the U.S. Tesla's vehicles sold in California totaled 230,589 units, closely trailing Toyota's 278,345 units but surpassing other competitors like Honda, Ford, and Chevrolet. The report highlights Tesla's significant market share in California and its strong position in the electric vehicle market globally.

Portfolio Pulse from Chris Katje

February 21, 2024 | 9:49 pm

NVOS

Novo Integrated Sciences, Inc. (NVOS) and its subsidiary, Clinical Consultants International (CCI), have signed a Consulting Services Agreement with Futura Surgicare Pvt Ltd, an India-based surgical product manufacturer. The agreement aims to obtain U.S. FDA 510K approvals for Futura's products and introduce Dolphin Sutures and mesh products to the North American healthcare market. This partnership is expected to bring cost savings and improved care to American patients and healthcare providers.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:48 pm

CDE

Coeur Mining, Inc. forecasts its FY24 production to be between 95,000 to 103,000 ounces of gold and 5.9 to 6.7 million ounces of silver.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:45 pm