Streetbeat News

Revenues

DSY

GME

HOVR

KWE

PERI

SIFY

TNXP

US stocks traded mixed on Monday with the Nasdaq Composite falling around 50 points. The Dow and S&P 500 saw slight gains. Notable stock movements included Perion Network Ltd. (PERI) dropping 28% after cutting its revenue outlook, and GameStop Corp. (GME) falling 4% following a significant drop last Friday. Big Tree Cloud Holdings Limited (DSY), KWESST Micro Systems Inc. (KWE), and New Horizon Aircraft Ltd. (HOVR) saw substantial gains.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 2:13 pm

FLNC

Fluence Energy, Inc. (NASDAQ:FLNC) and TransnetBW GmbH have commenced construction on Germany's first and largest battery-based energy storage system, which will be a critical part of the country's transmission network infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 2:03 pm

META

Meta Platforms (NASDAQ:META) has significantly outperformed the market over the past decade, delivering an average annual return of 22.66%. A $1000 investment in META 10 years ago would be worth $7,732.20 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:01 pm

GD

General Dynamics (NYSE:GD) has outperformed the market over the past 20 years with an average annual return of 9.4%, resulting in a $1000 investment growing to $6,032.42. The company currently has a market capitalization of $82.18 billion.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:01 pm

ET

Four financial analysts have recently published ratings on Energy Transfer (NYSE:ET), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $20.5, with a high estimate of $24.00 and a low estimate of $19.00. Analysts from Morgan Stanley, UBS, Stifel, and Mizuho have all raised their price targets, reflecting positive market conditions and company performance. Despite positive revenue growth, Energy Transfer faces challenges in profitability and financial returns.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:00 pm

AYRWF

IIPR

Innovative Industrial Properties, Inc. (IIPR) has acquired a 16-acre property in Ocala, Florida for $13 million and entered into a long-term lease with Ayr Wellness Inc. (AYRWF). IIPR will reimburse up to $30 million for redevelopment, bringing the total investment to $43 million. Ayr operates 64 dispensaries in Florida, a major medical cannabis market, and could benefit from potential adult-use legalization in November 2024.

Portfolio Pulse from Nina Zdinjak

June 10, 2024 | 1:54 pm

FCEL

FuelCell Energy Inc (NASDAQ:FCEL) reported a mixed Q2 fiscal 2024 with a 42% revenue decline year-over-year to $22.42 million, beating the consensus of $21.35 million. Despite a gross loss of $7.1 million and an EPS loss of $0.07, the company saw a 67% increase in Generation revenues and a 3.8% rise in backlog. New projects and agreements, including a significant deal with GGE and a partnership with Ameresco, Inc., are fueling optimism.

Portfolio Pulse from Akanksha Bakshi

June 10, 2024 | 1:42 pm

VUZI

Vuzix has received additional orders from Xander for its smart glasses, which are designed to assist the hard of hearing. The growing demand for these award-winning captioning glasses indicates a positive market reception.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:32 pm

SWAG

Stran & Company, Inc. (NASDAQ: SWAG) has secured multiple expanded contracts with industry-leading, enterprise-level customers across various sectors and geographies. This development highlights Stran's leadership in the promotional products industry and its capability to meet complex marketing needs.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:18 pm

LMFA

LM Funding America, Inc. (NASDAQ:LMFA) announced that it mined 31.7 BTC and estimated the value of its 163.1 Bitcoin holdings to be approximately $11.4 million for the month ended May 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:17 pm