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NKLA

Nikola Corp (NASDAQ:NKLA) shares rose after announcing legal action against EMBR Motors and individuals involved in a takeover attempt following the sale of the Badger electric pickup truck assets. Nikola accuses EMBR and associates of violating an agreement by involving Nikola's disgraced founder, Trevor Milton. The company's FY23 revenue declined by 28.62%, influenced by various factors including the macroeconomic environment. Nikola's stock was up 5.77% at $1.10.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 2:22 pm

D

The Virginia State Corporation Commission approved over a dozen new solar projects for Dominion Energy Virginia, totaling 764 MW of electricity, enough to power nearly 200,000 homes. These projects, including both owned and PPAs, will support over 1,600 jobs and generate $570 million in economic benefits. Dominion Energy's solar fleet will exceed 4,600 MW upon completion, making it the second largest in the nation. The projects are expected to be completed by 2026, with an estimated cost increase of $1.54 to the average residential monthly bill.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:03 pm

SPY

USA Construction Spending for February decreased by 0.3% month-over-month, underperforming against the estimated 0.7% increase and also lower than the previous month's -0.2%.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:01 pm

FFIN

Analysts have provided diverse opinions on First Financial Bankshares (NASDAQ:FFIN) over the last three months, with recent updates indicating a neutral stance. The average 12-month price target for FFIN has been raised to $33.00, reflecting a 4.76% increase from the previous target. Despite a -10.22% decline in revenue growth for the last quarter of 2023, FFIN exhibits strong financial health with a high net margin of 39.61%, exceptional ROE of 3.36%, and efficient asset management with an ROA of 0.36%. The company's low debt-to-equity ratio of 0.01 suggests prudent financial management.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:01 pm

PSX

9 analysts have recently updated their ratings on Phillips 66 (NYSE:PSX), showing a mix of bullish to indifferent sentiments. The average 12-month price target has been raised to $165.89, indicating an 11.67% increase from the previous target. Analysts from firms like JP Morgan, Goldman Sachs, and Mizuho have raised their price targets, reflecting optimism about the company's future performance. Despite a -4.99% decline in revenue growth and challenges in net margin, Phillips 66's strong ROE and ROA, along with a sound debt management strategy, suggest a robust financial health.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:01 pm

AMX

America Movil (NYSE:AMX) received mixed analyst ratings over the past three months, with an updated average 12-month price target of $20.5, reflecting an 8.24% increase from the previous target. Analysts from firms like JP Morgan, Goldman Sachs, Jefferies, and UBS have adjusted their ratings and price targets, indicating varying levels of optimism. Despite a -1.54% decline in revenue growth for the last quarter of 2023, America Movil maintains strong profitability metrics, including a net margin of 9.0% and an ROE of 4.58%. The company, a major telecom carrier in Latin America, also has a strategic stake in Verizon, Telekom Austria, and Dutch carrier KPN.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:00 pm

ESTA

Establishment Labs Holdings (NASDAQ:ESTA) has seen a positive shift in analyst ratings over the past three months, with a recent average price target of $56.25, up 15.57% from the previous $48.67. Analysts from Mizuho, TD Cowen, JP Morgan, and Stephens & Co. have raised their price targets, reflecting optimism about the company's future performance. Despite this, the company faces challenges with a -27.97% revenue decline, a net margin of -65.09%, and a high debt-to-equity ratio of 10.45, indicating potential financial leverage concerns.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:00 pm

BOKF

Analysts have provided diverse opinions on BOK Financial (NASDAQ:BOKF), with all 6 maintaining an indifferent stance over the past quarter. The average 12-month price target for BOKF has risen to $95.00, indicating a 3.45% increase from the previous target. The company faces challenges in revenue growth, profitability, and debt management, with its financial performance lagging behind industry averages.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:00 pm

SG

Sweetgreen (NYSE:SG) has been analyzed by 11 analysts, showing a shift towards a more bullish sentiment over the last quarter with 7 somewhat bullish, 2 indifferent, and 2 somewhat bearish ratings. The average 12-month price target for SG is now $18.55, up 27.93% from the previous $14.50, with a high estimate of $34.00 and a low of $10.00. Sweetgreen's financial performance includes a 29.06% revenue growth rate as of December 31, 2023, but struggles with profitability and efficiency, as indicated by its net margin of -17.91%, ROE of -5.58%, and ROA of -3.16%. The company's debt-to-equity ratio is 0.63, below the industry average.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 2:00 pm

GWAV

Greenwave Technology Solutions, Inc. (GWAV) has strengthened its balance sheet by approximately $14.87 million through warrant exercises, debt to equity conversions, and debt restructuring. This financial maneuvering has likely brought the company into compliance with Nasdaq's shareholder equity requirements. Additionally, GWAV has secured waivers for certain financial covenants, allowing for operational growth. The company anticipates record revenues and steel processing volumes in 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:57 pm