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Toyota plans to build a new battery plant in Fukuoka to enhance its EV production, aiming to make Kyushu a key hub for its battery-powered vehicle supply chain. The plant will supply batteries for Lexus cars, with operations managed by Primearth EV Energy. Toyota's stock has gained over 17% in the past year.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 1:22 pm

WINT

Windtree Therapeutics, Inc. (NASDAQ:WINT) shares surged 166% after the company withdrew its Registration Statement and announced a private placement of Series C preferred stock, eliminating senior debt and supporting ongoing operations.

Portfolio Pulse from Erica Kollmann

July 26, 2024 | 1:20 pm

BHRB

Burke & Herbert Financial (NASDAQ:BHRB) reported a significant decrease in Q2 EPS to $(1.41) from $0.80 YoY, despite a substantial increase in sales to $69.27M from $28.42M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:20 pm

CURLF

Curaleaf Holdings, Inc. announced the opening of two new medical dispensaries and the start of co-located adult-use sales at two existing medical dispensaries in New York. This expansion increases Curaleaf's retail footprint in the state to six locations. The company's shares traded 2.93% lower at $3.97 per share at market close on Thursday.

Portfolio Pulse from Jelena Martinovic

July 26, 2024 | 1:10 pm

HSCS

Heart Test Laboratories, Inc. (HeartSciences) announced an analysis by the Innovation Value Institute on the MyoVista wavECG's potential to improve cardiovascular pathway efficiency. The study suggests that the MyoVista wavECG could significantly reduce the number of LV function test queries, potentially eliminating 49.5% from the waitlist.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:08 pm

CCAP

Crescent Capital BDC (NASDAQ:CCAP) has received mixed analyst ratings over the past quarter, with two analysts being somewhat bullish and two indifferent. The average 12-month price target has increased to $18.75 from $17.75. Analysts from Wells Fargo, Keefe, Bruyette & Woods, and Raymond James have raised their price targets, reflecting positive sentiment. Despite high debt levels, Crescent Capital BDC shows strong revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 1:01 pm

FTI

TechnipFMC (NYSE:FTI) has received varied ratings from analysts over the last quarter, with a mix of bullish and somewhat bullish sentiments. Analysts have raised their 12-month price targets, reflecting positive expectations. The company's financials show strong revenue growth, net margin, ROE, and ROA, along with prudent debt management.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 1:00 pm

BEN

Franklin Resources (NYSE:BEN) reported Q3 2024 adjusted EPS of $0.60, beating the $0.57 estimate. Sales were $2.12 billion, surpassing the $1.66 billion estimate and showing a 7.82% increase from last year's $1.97 billion.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:34 pm

PMN

ProMIS Neurosciences Inc. (NASDAQ:PMN) announced a private placement financing of up to $122.7 million to support the development of its novel antibody PMN310 for Alzheimer's Disease. The financing includes an upfront $30.3 million and up to an additional $92.4 million tied to the exercise of warrants. The proceeds are expected to support the company beyond the 6-month and 12-month data from the PMN310 Phase Ib study.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:34 pm

MMM

3M Company (NYSE:MMM) reported better-than-expected Q2 2024 results, leading to a 6.82% increase in its stock price. The company raised its annual outlook, with adjusted EPS now expected to be between $7.00 and $7.30. Despite a slight decline in net sales, 3M saw growth in adjusted net sales and organic sales, along with improved operating margins.

Portfolio Pulse from Akanksha Bakshi

July 26, 2024 | 12:34 pm