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PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading lower by 13.4% to $2.52 premarket on Friday. The company announced the pricing of its public offering of 78.74 million shares at $2.54 per share, with an option for underwriters to purchase an additional 11.81 million shares. The offering is expected to close around July 22, 2024, and aims to raise approximately $200 million for general corporate purposes. Plug Power has also completed the deployment of 13 hydrogen refueling stations across Europe over the past two years.

Portfolio Pulse from Nabaparna Bhattacharya

July 19, 2024 | 12:43 pm

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FDIS

RIVN

TSLA

XLY

Tesla Inc. (NASDAQ:TSLA) saw a 24% drop in car registrations in California in Q2, marking the third consecutive quarter of decline. Increased competition and high interest rates are driving consumers towards hybrid vehicles. CEO Elon Musk's controversial public persona is also affecting Tesla's brand. Competitors like Hyundai, Kia, BMW, Mercedes-Benz, Ford, and Rivian saw sales increases. Tesla's stock has lost over 14% in the last 12 months, but shares are trading slightly higher in premarket.

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 12:36 pm

PKBK

Parke Bancorp reported Q2 earnings per share (EPS) of $0.53, down from $0.67 year-over-year. Net interest income (NII) was $1.6 million, a decrease of 9.8%.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:35 pm

BDRX

Biodexa Pharmaceuticals has announced the pricing of a $5 million registered direct offering and a concurrent private placement. The company will sell 5,050,808 American Depositary Shares and 278,975 pre-funded warrants. The proceeds will be used to fund development programs, including a $17 million CPRIT grant match and a Phase 3 eRapa trial in Familial Adenomatous Polyposis, as well as for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:32 pm

BMI

Badger Meter reported Q2 2024 GAAP EPS of $1.12, beating the estimate of $0.98. Sales were $216.658 million, surpassing the expected $203.452 million.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:31 pm

HIHO

Highway Holdings (NASDAQ:HIHO) reported a Q4 EPS of $(0.26), an improvement from $(0.28) YoY, but sales decreased by 16.22% to $1.42M from $1.70M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:20 pm

SIGA

Siga Technologies shares are trading higher following the announcement that the U.S. Department of Health and Human Services exercised a $113 million procurement option for the delivery of oral TPOXX treatment courses.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:04 pm

SIGA

Siga Technologies announced that the U.S. Department of Health and Human Services has exercised a $113 million procurement option for the delivery of oral TPOXX treatment courses.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:02 pm

YOU

Analysts have provided mixed ratings for Clear Secure (NYSE:YOU) over the past three months, with a majority being bullish. The average 12-month price target remains at $35.0. Clear Secure has shown strong financial metrics, including a 35.28% revenue growth rate and a 10.5% net margin, but has a higher debt-to-equity ratio than industry averages.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 12:00 pm

MTB

7 analysts have provided mixed opinions on M&T Bank (NYSE:MTB) over the past quarter, with most ratings being indifferent. The average 12-month price target has increased by 3.82% to $166.71. Key analysts have raised their price targets, reflecting a cautiously optimistic outlook despite recent revenue and profitability challenges.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 12:00 pm