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HYMTF

Hyundai Motor Company and LG Energy Solution have launched Indonesia's first EV battery plant with a capacity of 10 GWh. They plan to invest up to $9.8 billion to develop an EV supply chain in Indonesia, leveraging the country's rich nickel and copper resources. The facility will support Hyundai's production of 50,000 Kona Electric SUVs annually.

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 1:44 pm

BTCUSD

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) shares are trading lower due to a decline in Bitcoin prices and a decrease in their Bitcoin production for June. The company produced 590 bitcoins in June, down from 979 in the same period last year. Despite this, Marathon Digital's operational hashrate increased by 2% month-over-month to 26.3 EH/s, and they have increased their total bitcoin holdings to 18,536 coins. The company also reported a cash and bitcoin balance of $1.4 billion as of June 30. Bitcoin's price decline is partly attributed to net outflows from Bitcoin ETFs.

Portfolio Pulse from Adam Eckert

July 03, 2024 | 1:29 pm

F

Ford reported selling a total of 44,180 electric vehicles (EVs) in the first half of the year. The company's second-quarter sales reached 536,050 units, marking a 1% year-over-year increase. The best-selling F-Series and vans led the sales, with hybrids growing by 56%.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:20 pm

BTDR

Bitdeer Technologies Group (NASDAQ: BTDR) announced its June 2024 production and operations update, highlighting significant achievements in Bitcoin mining, power capacity expansion, and ASIC development. The company mined 179 Bitcoin, expanded its global contracted power capacity to 2.5 GW, and made advancements in its SEALMINER technology roadmap.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:13 pm

BYDDY

TSLA

BYD is set to surpass Tesla in BEV sales by 2024, driven by strong growth in the Chinese market. BYD reported a 21% increase in EV sales in Q2, while Tesla's deliveries declined by 4.8%. The EU plans to impose additional tariffs on Chinese EV companies, which may push them towards emerging markets.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 1:13 pm

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) announced its June 2024 operations update, revealing the production of 255 Bitcoin and achieving a deployed hash rate of 22.0 EH/s, surpassing its Q2 2024 target. The company anticipates reaching a total self-mining hash rate capacity of 31 EH/s by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:03 pm

BROS

In the past three months, 16 analysts have provided ratings for Dutch Bros (NYSE:BROS), with a mix of bullish, somewhat bullish, and indifferent perspectives. Recent analyst actions include several rating raises and price target increases, reflecting a positive sentiment. The average 12-month price target is $40.31, up 5.44% from the previous average. Dutch Bros has shown strong revenue growth and net margin but faces challenges with ROE and ROA.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 1:01 pm

LAES

SEALSQ Corp (NASDAQ: LAES) reports a new business pipeline of $71M and a cash position of $19M as of June 30, 2024. Preliminary unaudited revenue for H1 2024 is $5M, reflecting a slowdown in traditional semiconductor demand. The company anticipates a stronger H2 2024 and a return to growth in 2025.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:49 pm

LQR

LQR House shares are trading higher following the announcement of a 260% year-over-year revenue growth in June 2024.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:49 pm

LQR

LQR House Inc. (NASDAQ:LQR) reported a 260% year-over-year revenue growth for June 2024, with revenues reaching $236,157.05 compared to $65,575 in June 2023. This significant increase highlights the company's strong performance and growth in the ecommerce and alcohol sectors.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:47 pm