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NIO

NIO Inc. (NYSE:NIO) has opened a new showroom in Cologne, Germany, marking its second showroom opening in the country this month. This expansion comes amid impending EU tariffs on Chinese EVs. NIO shares are trading lower by 0.23% to $4.37 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 1:10 pm

KDLY

Kindly reported a Q1 EPS of $(0.06), down from $(0.04) year-over-year, and revenue of $829,029, down from $1.160 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 1:04 pm

EPRT

Over the past three months, 4 analysts have evaluated Essential Props Realty (NYSE:EPRT) with a mix of bullish and indifferent ratings. Analysts have set a 12-month price target range of $28.00 to $33.00, with an average target of $30.00, up 15.38% from the previous average. The company's financial performance is strong, with notable revenue growth, high net margin, and efficient debt management.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 1:00 pm

ANF

FN

NEOG

SMCP

The AlphaMark Actively Managed Small Cap ETF (SMCP) offers a strategic entry point for investors despite recent inflation slowing the small-cap rally. The ETF is actively managed and diversified, reducing individual company risk. Top holdings include Abercrombie & Fitch Co. (ANF), Fabrinet (FN), and Neogen Corporation (NEOG). The ETF has shown a 20% return over the past 52 weeks but has recently entered a sideways trend. Potential dovish monetary policy could reignite small-cap sentiment.

Portfolio Pulse from Joshenomoto@benzinga.com

June 28, 2024 | 12:56 pm

SPY

The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditure (PCE) index, fell to its lowest level since November 2021, easing trader concerns about interest rate hikes. Personal income rose more than expected, while personal spending grew less than predicted. The news led to a decline in Treasury yields and a rise in equity futures, with the SPDR S&P 500 ETF Trust (SPY) closing 0.2% higher on Thursday.

Portfolio Pulse from Piero Cingari

June 28, 2024 | 12:40 pm

DYAI

Dyadic International (NASDAQ: DYAI) has entered into a partnership with Proliant Health and Biologicals to develop and commercialize recombinant albumin products. Dyadic will receive an upfront milestone payment of $1.5 million and a share of profits from sales.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:40 pm

SWAG

Stran & Company announced preliminary unaudited Q1 results, expecting a 17% year-over-year revenue growth. Cash, cash equivalents, and investments are projected to increase to $20.2M by March 31, 2024, up from $18.5M on December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:39 pm

ASNS

Actelis Networks, Inc. (NASDAQ:ASNS) has received an initial order to provide a municipal utilities company in a major German city with its advanced hybrid-fiber networking solution. This order is part of a larger project and was placed by a local partner of Actelis in Germany.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:37 pm

HYW

Hywin Holdings (NASDAQ:HYW) reported a 25.76% year-over-year decrease in sales for the first half of the year, with sales dropping from $148.83 million to $110.50 million.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:35 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) plans to leverage the Inflation Reduction Act’s Section 45V Credit for the Production of Clean Hydrogen in its upcoming quarterly financial reports. This development positions Plug Power among the first U.S. clean hydrogen producers to utilize this new incentive, which has sent the stock price higher. The PTC offers up to $3.00 per kilogram for clean hydrogen produced in the U.S., making hydrogen production more cost-competitive with traditional fossil fuels. This benefit will significantly lower Plug Power’s fuel costs and help achieve a break-even fuel margin by year-end, with positive fuel margins expected in 2025 and beyond. Plug Power’s 15-ton-per-day electrolytic hydrogen plant in Georgia, the largest in the U.S., marks a significant milestone in the company’s efforts to build a vertically integrated hydrogen ecosystem. Additionally, Plug operates a 10 TPD plant in Tennessee and plans to open a 15 TPD liquid hydrogen facility in Louisiana by the end of 2024. The company is also working on future plant developments across the U.S. and collaborating with key strategic suppliers to expand its green hydrogen network. Despite a 74% stock loss in the last 12 months and a first-quarter fiscal 2024 net revenue decline of 42.8% year-over-year, PLUG shares are trading higher by 3.25% to $2.54 premarket on Friday.

Portfolio Pulse from Anusuya Lahiri

June 28, 2024 | 12:33 pm