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JOBY

Joby Aviation, Inc. (NYSE:JOBY) has received the Part 145 Repair Station Certificate from the FAA, enabling it to perform select maintenance activities on aircraft. This certification is a significant step towards commercializing its electric air taxi service. Joby is the first eVTOL developer to receive such certification from the FAA, which also allows it to offer maintenance, repair, and overhaul (MRO) services for its eVTOL aircraft once certified for commercial operations. The company plans to announce its Q4 and full year 2023 financial results on February 21, 2024. JOBY shares closed lower by 3.42% at $5.65.

Portfolio Pulse from Nabaparna Bhattacharya

February 08, 2024 | 1:13 pm

RBBN

Ribbon Communications Inc. (NASDAQ:RBBN) has been selected by American Electric Power (AEP) to supply IP and Optical products to enhance AEP's network capabilities and supply chain reliability. This partnership underscores the importance of digital transformation in the utilities sector, meeting regulatory, security mandates, and improving services. Ribbon's solutions will support AEP's critical communications needs, emphasizing the significance of Ribbon's technology in modernizing and securing national infrastructure networks.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:12 pm

SDIG

Stronghold Digital Mining, Inc. reported mining 192 Bitcoin in January. This performance update highlights the company's operational status and its contribution to the cryptocurrency mining industry.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:11 pm

SLNH

Soluna Holdings, Inc. (SLNH) announced its January business update, highlighting a mining output of 44 BTC compared to 47 BTC in the previous month. The update includes corporate highlights such as attending the DealFlow MicroCap Conference, achieving a high Net Promoter Score, and airing Season 4 of the Clean Integration podcast. Key project updates include the temporary shutdown of Project Dorothy 1A/1B during extreme weather for grid stability, the launch of construction and equipment tenders for Project Dorothy 2, nearing completion of two new customer deployments for Project Sophie, and progress in ERCOT planning and commercial agreements for Project Kati.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:11 pm

BTU

Peabody Energy anticipates its Q1 2024 seaborne metallurgical volumes to reach 1.4 million tons, aiming to achieve 65%-75% of the premium hard coking coal price index.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:11 pm

BWA

BorgWarner has extended its contract to supply 400V high voltage coolant heaters (HVCH) to a major global OEM for use in electric SUVs and passenger trucks. This contract is one of three secured with North American OEMs for BorgWarner's HVCH technology, which is crucial for managing battery pack temperature and cabin heating in EVs. The HVCH will be manufactured at BorgWarner's facility in Cadillac, Michigan, marking BorgWarner as the only supplier of American-made HVCH. The technology is designed for optimal charging efficiency, battery life, and driving range, and is more powerful than those used in smaller vehicles.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:09 pm

BWA

BorgWarner has won a contract to supply its dual inverter with boost function for PHEV and REEV passenger car platforms of a major Chinese OEM. This technology, which integrates two inverters and a high-power boost module into a single package, will be produced in BorgWarner's Suzhou, China plant starting September 2024. The product aims to enhance power density and performance while meeting local hybrid architecture standards in China, marking BorgWarner's first 400V dual inverter with boost function for this OEM.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:08 pm

BWA

XPEV

BorgWarner has initiated production of eMotor rotor and stator for XPeng Motors, targeting the X9 MPV and a future B-class sedan. The HVH220 eMotor, featuring high power and efficiency, began production in January 2024. This collaboration aims to enhance China's electric vehicle industry, with BorgWarner's technology offering up to 300kW power and over 97% efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:07 pm

BTU

Peabody Energy projects its Q1 2024 seaborne thermal volumes to be 3.9 million tons, which includes 2.5 million tons designated for export.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:07 pm

AAPL

META

MSFT

Apple Inc. has launched a new AI image editing tool, MGIE, allowing users to edit photos with text prompts. Developed with the University of California, Santa Barbara, MGIE uses multimodal language models for edits and is available on GitHub and Hugging Face Spaces. This marks Apple's significant move into the generative AI space, aligning with CEO Tim Cook's plans to integrate more AI features into Apple devices. The launch comes amid ethical concerns over AI in image generation, highlighted by a Stanford study and comments from Microsoft CEO Satya Nadella.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 1:05 pm