Streetbeat News

Revenues

TSLA

XIACF

Xiaomi Corp's shares surged nearly 15% following the launch of its first EV, the SU7, priced $4,000 lower than Tesla's Model 3. The SU7 received 88,898 pre-orders within 24 hours, indicating strong market demand. Other Chinese EV makers like Xpeng and Nio have responded with price cuts, amidst a slowdown in China's new energy vehicle market growth. Xiaomi aims to attract 20 million premium users in China with the SU7, having received 120,000 orders within 36 hours of launch.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 3:17 am

CLVR

CLVRW

Clever Leaves Holdings Inc. (NASDAQ:CLVR) (NASDAQ:CLVRW) reported a 6% revenue increase for the full year ended December 31, 2023, with a notable 39% rise in cannabinoid revenue. The fourth quarter saw a 5% revenue increase to $4.6 million, driven by the cannabinoid segment's 29% growth. Operational improvements included a significant increase in harvest volume. The company also completed the sale of its Non-Cannabinoid Herbal Brands Business for $8.02 million on March 21, 2024, as part of its strategic focus on core operations.

Portfolio Pulse from Nicolás Jose Rodriguez

April 02, 2024 | 1:24 am

BLBX

Blackboxstocks (NASDAQ:BLBX) reported Q4 sales of $781.16K, surpassing the $700K estimate by 11.59%, but marking a 26.86% decrease from $1.07M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:36 pm

ACNT

MP

MTRN

X

Proxy advisory firms ISS and Glass Lewis recommend U.S. Steel's sale to Nippon Steel, highlighting the deal's premium and all-cash offer. Ascent Industries reports a significant drop in sales and a shift to net loss for Q4 and the full year of 2023. Materion anticipates a 10% decline in Q1 sales but remains hopeful for recovery in 2024. MP Materials receives a $58.5 million grant to build America's first fully-integrated rare earth magnet facility, aiming to reduce dependency on imports and address national security concerns.

Portfolio Pulse from Austin DeNoce

April 01, 2024 | 9:25 pm

GOEV

Canoo anticipates its 2024 annual revenue to be between $50M and $100M, which is below the estimated $152.525M. The company also expects a cash outflow of $45M to $75M per quarter.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:22 pm

XBP

XBP Europe Holdings reported a 2023 revenue of $166.6 million, marking a 7.7% decrease compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:12 pm

CENN

Cenntro Inc. reported a significant increase in its Q4 2023 net revenue, up 376% to $8.6 million. Despite this revenue growth, the company still reported a net loss of $13.0 million, which is an improvement from the $73.3 million loss reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:10 pm

THG

Four analysts have recently updated their ratings on Hanover Insurance Gr (NYSE:THG), showing a shift towards a more bullish stance in the last 30 days. The average 12-month price target for THG has been raised to $145.25, indicating a positive outlook. The company's financial performance shows a positive revenue trend but challenges in profitability and debt management. Analysts' ratings and price targets reflect their expectations for the company's future performance.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:01 pm

HLMN

Four analysts have recently evaluated Hillman Solutions (NASDAQ:HLMN), showing a shift towards more bullish sentiments over the last three months. The average 12-month price target for HLMN has been raised to $13.00, reflecting a 10.64% increase from the previous target of $11.75. Analysts from firms including Stifel and Barclays have adjusted their ratings and price targets, indicating a positive outlook on the company's performance despite its challenges in market capitalization, revenue growth, and debt management.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:00 pm

BILL

Recent analysis of BILL Holdings (NYSE:BILL) by 9 analysts shows a mixed sentiment, with ratings ranging from bullish to bearish. The average 12-month price target is $82.56, slightly down from the previous $83.00. Analyst actions include adjustments to ratings and price targets, reflecting dynamic market conditions and company performance. BILL Holdings, a provider of cloud-based payment solutions, has seen a 22.5% revenue growth but struggles with profitability and debt management compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:00 pm