Streetbeat News

Revenues

SMID

Smith-Midland Corporation (NASDAQ:SMID) has secured a $7.5 million contract to provide precast concrete noise walls for a Georgia Department of Transportation project.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:04 pm

NGG

PCYO

The article highlights two oversold utility stocks, National Grid plc (NYSE:NGG) and Pure Cycle Corporation (NASDAQ:PCYO), which may present buying opportunities. National Grid reported a significant equity raise and a decrease in full-year revenue, while Pure Cycle posted an increase in quarterly sales driven by its Sky Ranch Master Planned community.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 11:58 am

AAL

LUV

UAL

Southwest Airlines (NYSE:LUV) is under pressure from Elliott Investment Management, which recently acquired a $1.9 billion stake, to reconsider its 'bags fly free' policy. Elliott is pushing for strategic changes, including the introduction of baggage fees, which could impact Southwest's customer loyalty. The airline's CEO, Bob Jordan, reaffirmed the commitment to the free bag policy, but potential compromises may be on the horizon.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 11:54 am

NXPI

SOXX

TSM

VWO

Taiwan Semiconductor Manufacturing Co (TSMC) plans to hire 2,000 employees in Europe through its subsidiary, European Semiconductor Manufacturing Co (ESMC). This move is part of a joint venture with Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors NV. The joint venture aims to build a 12-inch wafer fab in Dresden, with mass production expected by the end of 2027. TSMC has seen significant growth, with a 30% sales increase in May and a 55% stock gain over the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 11:46 am

RBRK

Rubrik shares are trading higher after the company reported a year-over-year increase in Q1 sales results and issued Q2 revenue guidance above estimates. Additionally, the company provided FY25 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:43 am

LTRN

Lantern estimates that their drug LP-284 has the potential to improve outcomes for 40,000 to 80,000 patients with blood cancers annually, with a global annual market potential of $4 billion.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:40 am

DNNGY

TSLA

Orsted (OTC:DNNGY) is investing in a Tesla (NASDAQ:TSLA) battery energy storage system to stabilize the U.K. energy supply and reduce price volatility. The system will be installed at the Hornsea 3 Offshore Wind Farm and is expected to be operational by the end of 2026.

Portfolio Pulse from Lekha Gupta

June 12, 2024 | 11:38 am

VVOS

Vivos Therapeutics has announced the closing of a $7.5 million at-the-market private equity-backed investment. Additionally, the company has launched a strategic marketing and distribution alliance.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:38 am

XOMA

XOMA received an $8.1M milestone payment from Viracta Therapeutics, Inc., related to Day One Biopharmaceuticals' sale of its Priority Review Voucher (PRV) for $108M to an undisclosed buyer.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:32 am

DORM

Dorman Products has announced the grand opening of a new drive shaft manufacturing facility in Virginia Beach, Virginia.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:04 am