Streetbeat News

Revenues

VLTLF

Volt Lithium, led by CEO Alex Wylie, is focusing on extracting lithium from oilfield brine, presenting a $6 billion cash flow opportunity. Despite initial market skepticism, the company has secured industry validation and investment to deploy a field unit in Texas. Volt aims to scale up its operations with minimal capex, leveraging existing oil and gas infrastructure.

Portfolio Pulse from Stjepan Kalinic

June 25, 2024 | 1:57 pm

HJEN

HYDR

PLUG

Plug Power, Inc. (NASDAQ:PLUG) announced it has exceeded 7.5 gigawatts in global Basic Engineering and Design Package (BEDP) contracts within two years. Despite this achievement, PLUG stock has lost over 73% in the past year. Investors can gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:HYDR) and Direxion Hydrogen ETF (NYSE:HJEN). Plug Power also secured industry certification for its high-powered stationary system and a 25 MW order for PEM electrolyzer systems for a European customer.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 1:57 pm

CVS

RADCQ

WBA

A U.S. Bankruptcy Judge ruled against MedImpact in a $200 million debt dispute with Rite Aid. MedImpact assumed Elixir's debts when it acquired the company. Rite Aid's bankruptcy plan aims to reduce its debt by $2 billion. CVS Health and Walgreens Boots Alliance are also involved due to reimbursement payments owed.

Portfolio Pulse from Vandana Singh

June 25, 2024 | 1:54 pm

MRM

Medirom Healthcare Technologies reported its FY23 revenue at $48.45 million.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:51 pm

MRM

MEDIROM Healthcare Technologies reported a revenue of $43 million for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:44 pm

KSCP

Knightscope announced that two more clients have renewed their contracts for the K5 security robots. This indicates continued trust and satisfaction with Knightscope's services.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:39 pm

RTX

WLFC

Willis Lease Finance Corporation (WLFC) has entered into an agreement with Pratt & Whitney, a division of RTX Corporation, to purchase up to 15 new engines in FY24. The transaction is valued at $363.9 million.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:35 pm

EPOW

Sunrise New Energy has secured a new client who will place a monthly order of 300 tons of anode materials.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:30 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) shares are trading slightly higher as the company announces details of its 10th Prime Day event, scheduled for July 16 and 17. The event will feature millions of exclusive deals across more than 35 categories, with special promotions involving Megan Thee Stallion. Last year's Prime Day saw U.S. online sales climb 6.1% year-over-year to $12.7 billion.

Portfolio Pulse from Adam Eckert

June 25, 2024 | 1:26 pm

HES

IYE

NVDA

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) and its partners, including Hess Corporation (NYSE:HES) and CNOOC, have generated $6.33 billion from their oil venture in Guyana, with Exxon reporting a net profit of $2.9 billion. The consortium's net margin of 56% surpasses that of NVIDIA Corporation (NASDAQ:NVDA). The venture's revenue rose by 23% in 2023, and production is expected to increase with the addition of three more vessels. Investors can gain exposure to Exxon via Energy Select Sector SPDR Fund (NYSE:XLE) and iShares U.S. Energy ETF (NYSE:IYE).

Portfolio Pulse from Lekha Gupta

June 25, 2024 | 1:22 pm