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WKSP

Worksport has published a U.S. patent application for an electric vehicle charging station that uses hydrogen, making it independent of the commercial power grid.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 5:04 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares surged over 100% on Thursday, experiencing multiple trading halts due to volatility. The stock's movement follows a recent 1-for-40 reverse stock split and an announcement of a new China-U.S. Automotive Bridge Strategy. The company plans to introduce a mass-market EV brand leveraging its core technologies.

Portfolio Pulse from Erica Kollmann

August 22, 2024 | 5:03 pm

RR

Richtech Robotics has released a teaser video on X, hinting at a significant upcoming announcement. The company has not disclosed details, but the promotional content suggests a major development.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 5:01 pm

BYDDF

BYDDY

Chinese EV maker BYD is considering three Mexican states for a new manufacturing plant, evaluating various state incentives. The plant will initially produce 150,000 units, with plans to expand. The facility will focus on the Mexican market, with no current plans for U.S. market entry.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 4:51 pm

DOYU

HUYA

Huya Inc. (NYSE:HUYA) is diversifying its revenue streams amid a challenging Chinese economy and regulatory environment. Despite a 16% revenue decline in Q2, income from new game-related services more than doubled, showing promise for future growth. The company announced a special cash dividend and extended its share buyback program, which initially boosted its stock price. Huya's financials remain stable, with significant interest income and cash reserves.

Portfolio Pulse from The Bamboo Works

August 22, 2024 | 4:44 pm

FCEL

HDRO

HYDR

FuelCell Energy (NASDAQ:FCEL) shares are down 6.07% after receiving a CAD$5.9 million grant from Natural Resources Canada for projects using its electrolyzer technology to produce low-carbon synthetic fuels. The company is also considering a reverse stock split. Investors can gain exposure through ETFs like HDRO and HYDR.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 4:41 pm

F

BofA Securities analyst John Murphy maintains a Buy rating on Ford Motor Co (NYSE:F) with a price target of $20, citing Ford's upcoming electric vans and trucks as key to boosting profitability. Ford plans to launch new electric vehicles and leverage hybrid technology, aiming to improve capital efficiency and earnings.

Portfolio Pulse from Anusuya Lahiri

August 22, 2024 | 4:41 pm

GOOGL

Google Cloud has announced the launch of the Jamba 1.5 Model Family from AI21 Labs on Vertex AI Model Garden. This includes two models, Jamba 1.5 Mini and Jamba 1.5 Large, designed for enterprise applications such as customer service and financial analysis. These models offer advanced features and are available as Model-as-a-Service on Google Cloud's Vertex AI platform.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:38 pm

ACN

AMZN

IETC

JGRW

Accenture has expanded its collaboration with Amazon's AWS to launch the Accenture Responsible AI Platform, which helps organizations adopt and scale AI responsibly. The platform integrates Accenture's insights and AWS AI services to ensure AI compliance and governance. Accenture's recent financial performance showed a slight miss in sales and EPS compared to analyst expectations.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 4:28 pm

AMZN

RIVN

STLA

Rivian Automotive Inc (RIVN) faces significant challenges as its stock drops 38.32% year-to-date. The company halted production of EV vans for Amazon due to parts shortages and lost its manufacturing chief to Jeep. These issues, along with bearish technical indicators, suggest a tough road ahead for Rivian.

Portfolio Pulse from Surbhi Jain

August 22, 2024 | 4:26 pm