Streetbeat News

Revenues

AES

CLIA

HE

RNWZ

AES Corporation's Kuihelani Solar-plus-Storage facility, the largest solar project in Hawaii, has begun operations. The project generates 60 MW of renewable energy and has a 25-year power purchase agreement with Hawaiian Electric Industries. This initiative will reduce Maui's reliance on fossil fuels and support local agriculture. AES recently sold a 47.3% stake in AES Brasil for $640 million. AES shares are down 2.36% at $19.90.

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 5:48 pm

NTAP

NetApp (NASDAQ:NTAP) has outperformed the market over the past 5 years, delivering an average annual return of 15.74%. A $100 investment in NTAP 5 years ago would be worth $204.79 today. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 5:30 pm

BA

Boeing shares are trading lower after the company reported May 2024 plane deliveries data.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:30 pm

EL

Estee Lauder Cos (NYSE:EL) has outperformed the market over the past 15 years with an average annual return of 14.44%, surpassing the market by 1.96% annually. A $100 investment in EL 15 years ago would be worth $752.93 today.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 5:30 pm

PEG

Public Service Enterprise Inc. (NYSE:PEG) shares are trading at $73.08, down 0.49% in the current session. Over the past month, the stock decreased by 0.34%, but increased by 18.67% over the past year. The company's P/E ratio of 20.34 is lower than the Multi-Utilities industry average of 22.37, suggesting it might be undervalued or expected to perform worse than its peers.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 5:30 pm

TTWO

J.P. Morgan analyst Cory A Carpenter reiterated an Overweight rating on Take-Two Interactive Software Inc (NASDAQ:TTWO) with a price target of $200. The analyst highlighted positive trends in mobile gaming, the potential for GTA V and GTA VI, and skepticism about a potential FIFA 2K simulation game. The analyst expects a significant revenue and profitability increase with the release of GTA VI in Fall 2025.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 5:24 pm

GM

General Motors (GM) has resumed operations for its autonomous driving unit Cruise in Houston and adjusted its EV production target for the year to 200,000-250,000 units. The company also announced a $6 billion share repurchase authorization. GM shares are trading higher by 1.42%.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 5:22 pm

MSFT

Microsoft is considering launching a new software bundle that includes AI features as it explores pricing strategies for AI. This move could impact its product offerings and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:07 pm

CTRM

DAC

SB

SBLK

SHIP

STNG

ZIM

Shares of shipping and tanker stocks are trading lower amid reported hopes of an Israel-Hamas ceasefire, which could ease Red Sea uncertainty and pressure freight rates.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:06 pm

CCI

DTCR

SRVR

Crown Castle Inc. (NYSE:CCI) has announced plans to streamline its Fiber segment, including reducing capital expenditures, cutting jobs, and revising its guidance for FY24. The company aims to improve operational performance and expects significant cost savings and revenue growth in the coming years. Investors can also gain exposure through ETFs like Pacer Data & Infrastructure Real Estate ETF (NYSE:SRVR) and Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR).

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 5:05 pm