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GP

GreenPower Motor Company Inc. (NASDAQ:GP) announced plans to deliver 88 all-electric school buses in West Virginia in FY25, following a record number of deliveries in FY24. The company received an $18.56 million EPA grant for deploying zero-emission buses and charging infrastructure in seven West Virginia counties. GreenPower's production is expected to reach 50-60 buses per quarter by FY25 end. The commercial division also saw increased deliveries, with a 9% increase in EV Star deliveries and resumed deliveries to Workhorse.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:01 pm

AN

Analysts have recently updated their ratings and price targets for AutoNation (NYSE:AN), showing a positive shift in sentiment. The average 12-month price target has increased to $172.5, up 7.59% from the previous $160.33, with individual targets ranging from $140.00 to $215.00. This change reflects adjustments in analysts' views from four major firms, with actions including both raises and lowers in ratings and price targets. AutoNation, a leading automotive dealer in the US, has shown strong financial performance with significant revenue growth, above-average net margin, ROE, and ROA, alongside sound debt management.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:01 pm

HIMS

Six analysts have recently updated their ratings on Hims & Hers Health (NYSE:HIMS), showing a mix of bullish and indifferent stances. The average 12-month price target has increased to $14.5, up 26.09% from the previous $11.50, with a high estimate of $20.00 and a low of $10.00. Analysts from firms including Canaccord Genuity, Guggenheim, Citigroup, Piper Sandler, Truist Securities, and Leerink Partners have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance. Hims & Hers Health, a telehealth platform, has shown notable revenue growth of 47.5% and strong financial metrics such as net margin, ROE, and ROA, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:00 pm

ACRE

Ares Comml Real Est (NYSE:ACRE) has received mixed analyst ratings, with a notable negative shift in sentiment. The average 12-month price target was lowered by 22.84% to $7.6. Analysts from JP Morgan, UBS, B of A Securities, and Keefe, Bruyette & Woods have all lowered their price targets, reflecting concerns over ACRE's financial health, including a significant revenue decline of -45.55%, a net margin of -238.04%, and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:00 pm

LAD

Lithia Motors (NYSE:LAD) received mixed analyst ratings, with an updated average 12-month price target of $345.57, reflecting a 5.49% increase from the previous target. Analysts' actions varied, including ratings adjustments and price target changes, in response to Lithia Motors' market dynamics and performance. The company, a leading auto dealer, reported a 10.48% revenue growth rate as of December 31, 2023, and strong financial metrics such as a 2.78% net margin and a 3.5% ROE. Lithia Motors aims for further expansion, particularly in the US and UK markets.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:00 pm

BXMT

Four analysts have recently evaluated Blackstone Mortgage Trust (NYSE:BXMT), maintaining a neutral stance with all four ratings being indifferent. The average 12-month price target for BXMT has been adjusted to $20.38, marking a 3.5% decrease. Analysts from JP Morgan, UBS, B of A Securities, and Keefe, Bruyette & Woods have all lowered their price targets, reflecting a cautious outlook on the company's financial performance. Blackstone Mortgage Trust, a real estate finance company, has experienced a revenue decline of -19.53% and faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:00 pm

CAVA

Cava Group (NYSE:CAVA) has been analyzed by 9 analysts, showing a shift towards bullish sentiment with an average 12-month price target of $61.67, up 24.41% from the previous target. The company's financial performance indicates a strong revenue growth rate of 36.35% but challenges in profitability and asset utilization. Analysts' ratings and price targets have been updated, reflecting optimism about the company's future performance.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:00 pm

PUBM

RBLX

Roblox is intensifying its efforts to attract advertising revenue by partnering with ad-tech firm PubMatic to facilitate the sale of video ads displayed on virtual billboards within its platform, which boasts over 71 million daily users. This strategic move aims to diversify Roblox's revenue streams amid a broader tech industry trend of seeking additional income through advertising.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:00 pm

RNW

ReNew Energy has surpassed 10 GW of gross renewable energy assets, making it one of the fastest clean energy companies to reach this milestone. In FY24, the company added 1.94 GW, bringing its revenue-generating capacity to 9.52 GW. ReNew, listed on Nasdaq as RNW, contributes about 10% to India's RE generation and plans to double its RE asset portfolio to 20 GW by 2027/28. The company's expansion is supported by a strong balance sheet of around $10.6 billion as of December 31, 2023. ReNew's growth aligns with India's goal to achieve 500 GW of non-fossil fuel energy capacity by 2030.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:40 pm

ABVC

ABVC BioPharma, Inc. (NASDAQ:ABVC) has executed a term sheet with OncoX BioPharma, Inc. for the global licensing of its Oncology/Hematology products, expecting to receive $55M in licensing income and up to $50M in royalties. The deal includes clinical trial, registration, manufacturing, supply, and distribution rights for ABVC's pipeline, with the US FDA approving four INDs for various cancers. The partnership aims to leverage both companies' strengths to drive innovation and create value in the Oncology/Hematology sector.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:38 pm