Streetbeat News

Products Services

SMXT

SolarMax Technology, Inc. (Nasdaq: SMXT) signed a non-binding term sheet for a new commercial solar project at a major mall in San Jose, California. The project includes a 4.17 MW photovoltaic solar power plant and a 2.0 MW energy storage system, along with roof replacement to support the new infrastructure.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:01 pm

HNRA

HNR Acquisition Corp (NYSE:HNRA) announces key infrastructure improvements and upgrades to flowlines for producing wells and water injection systems, which will increase production and reduce monthly costs by $30K.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:56 pm

FFNTF

4Front Ventures Corp. (OTCQX: FFNTF) reported a 31% YoY decrease in Q2 revenue to $18.7 million. Despite this, the company reduced its net loss to $4.87 million from $11.46 million last year. The Illinois facility saw a slight revenue drop but a 10% increase in wholesale revenue. Massachusetts showed a positive trend with a 31% growth in wholesale revenue. The company is expanding its Matteson, Illinois facility and introduced a new vape product. Shares closed 4.03% higher at $0.062.

Portfolio Pulse from Nina Zdinjak

August 15, 2024 | 12:55 pm

BHAT

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) is expanding into the gold trading industry through strategic partnerships. Gold prices have shown volatility and upward trends, with a notable high above $2,483 per ounce in July. The medium to long-term outlook for gold remains bullish due to safe-haven demand and economic uncertainties.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:54 pm

SHFS

SHF Holdings, Inc. (NASDAQ:SHFS), operating as Safe Harbor Financial, reported a significant turnaround in Q2 2024 with net income of $0.9 million, up from a net loss of $17.6 million in Q2 2023. Despite a revenue drop to $4 million from $4.6 million, the company achieved a 14.5% increase in adjusted EBITDA to $0.97 million. The improvements were driven by a sharp reduction in operating expenses and strategic shifts towards higher-margin products. SHFS shares rose 2.44% to $0.6249 following the announcement.

Portfolio Pulse from Patricio Liddle

August 15, 2024 | 12:49 pm

CDZI

Cadiz has secured water purchase agreements for 85% of the capacity of its Northern Pipeline, totaling 21,275 acre-feet per year. These agreements are under 'take-or-pay' contracts for 40-50 years, ensuring a steady revenue stream.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:46 pm

AMAT

IYJ

JEPQ

NU

Applied Materials, Nu Holdings, and other assets were highlighted on CNBC's 'Final Trades'. Applied Materials is set to release its Q3 earnings, with expectations of $2.02 EPS and $6.67 billion in revenue. Nu Holdings reported strong Q2 results with a 65% YoY revenue increase. ETFs JEPQ and IYJ were also mentioned.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:46 pm

CSCO

Cisco Systems, Inc. (NASDAQ:CSCO) shares are trading higher in the premarket session after the company reported better-than-expected fourth-quarter revenue and earnings. Despite a 10% decline in total revenue, Cisco saw a 14% year-over-year growth in product orders and improved gross margins. The company also announced plans to cut around 7% of its global workforce, incurring up to $1 billion in pre-tax charges. Cisco aims to reallocate resources towards cybersecurity, cloud systems, and AI-related products.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 12:45 pm

PAPL

Pineapple Financial has launched a Real-Time Insights Module in its PineappleONE platform, aimed at enhancing broker efficiency. This move is expected to drive increased deal closures, client retention, and market share expansion, positioning the company for revenue growth amid a surge in Canadian mortgage renewals.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:43 pm

NVVE

Nuvve Holding and WISE EV have partnered to expand public high-speed EV charging stations to over 100 high-traffic locations nationwide. The first wave of installations will be unveiled in Las Vegas.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:40 pm