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NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading higher after the company announced it would adjourn and reconvene its annual meeting of stockholders on July 6, 2023. This aims to give stockholders additional time to vote for Proposal 2, which would increase the authorized number of shares and provide greater flexibility for the company's future growth. Nikola is also close to the initial commercial production of its hydrogen fuel cell electric truck.

Portfolio Pulse from Ryan Gustafson

June 08, 2023 | 6:29 pm

HD

Home Depot is shipping supplies such as air filters, box fans, air scrubbers, and respirator masks to meet increased customer demand in areas impacted by poor air quality.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 6:05 pm

RCEL

Avita Medical announced FDA approval of RECELL for the treatment of full-thickness skin defects, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:31 pm

FSLR

NEE

SPWR

The US solar industry installed 6.1 GW of solar capacity in Q1, marking its best first quarter in history. The growth was driven by decreasing supply chain challenges and delayed projects moving forward. The Inflation Reduction Act (IRA) is expected to triple the solar market size over the next five years, with domestic module capacity rising from under 9 GW to over 60 GW by 2026.

Portfolio Pulse from Shivani Kumaresan

June 08, 2023 | 5:09 pm

AMZN

Amazon's Twitch has retracted its recent ad guideline changes after facing criticism from streamers. The changes imposed restrictions on how streamers could monetize their channels, including limiting logo sizes and prohibiting permanent sponsor displays. Twitch acknowledged the guidelines were detrimental to both streamers and the platform and has removed them.

Portfolio Pulse from Franca Quarneti

June 08, 2023 | 4:48 pm

ADBE

Adobe shares are trading higher after the company announced several product innovations at Adobe Summit EMEA 2023, including enhanced AI features for its Content Supply Chain Solution and expansions to its generative AI service, Sensei GenAI. Piper Sandler and Deutsche Bank maintained positive ratings and raised their price targets for Adobe.

Portfolio Pulse from Erica Kollmann

June 08, 2023 | 4:34 pm

TSLA

Tesla plans to produce 375,000 Cybertruck units annually, with production set to begin in 2023 and first deliveries later this year. The electric pickup truck has strong reservation figures, estimated at over one million, and could become a top 10 selling vehicle in the US.

Portfolio Pulse from Chris Katje

June 08, 2023 | 4:32 pm

TSLA

Tesla shares are up as the Energy Department confirms all Model 3 variants qualify for a $7,500 EV tax credit, and the company plans to produce 375,000 Cybertrucks per year.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:25 pm

AMZN

WFC

Amazon shares rose over 3% after a report suggested the company plans to launch an ad-supported Prime Video streaming service tier. Wells Fargo analyst Ken Gawrelski initiated coverage on Amazon with an Overweight rating and a $159 price target.

Portfolio Pulse from AJ Fabino

June 08, 2023 | 4:22 pm

ALPMF

ALPMY

Astellas Pharma has licensed gene therapy KT430 from Kate Therapeutics for X-linked myotubular myopathy (XLMTM), a rare muscle disorder. This follows safety issues with Astellas' AT132 gene therapy, which led to a clinical hold from the FDA. Kate Therapeutics has also raised $51 million in a Series A financing round.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 4:10 pm