Streetbeat News

Revenues

CARR

CLS

DWAC

FIX

PDD

TSM

TT

Jim Cramer shared his views on several companies, highlighting Trane Technologies (TT) and Carrier (CARR) as his preferences in the HVAC sector, with Carrier being undervalued. He was less enthusiastic about Digital World Acquisition Corp. (DWAC), describing it as a political stock. Taiwan Semiconductor (TSM) was praised for its strong performance, especially in AI chips, despite a decline in consumer electronics. Celestica (CLS) was noted for its positive financial results and outlook, similar to its peers Jabil (JBL) and Sanmina (SANM). PDD Holdings (PDD) was mentioned as a trade option due to potential Chinese market stimulus. Comfort Systems USA (FIX) was also discussed, with recent acquisitions noted. The article also reported on the recent stock movements of these companies.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 1:56 pm

LVO

LiveOne maintains its FY25 guidance with consolidated revenue expected to be between $140M-$155M and adjusted EBITDA between $16M-$20M. The guidance for its Audio Division is set for revenues of $130M-$140M, adjusted EBITDA of $20M-$25M, and over $17M of positive cash flow.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:53 pm

OMH

Ohmyhome Ltd. (NASDAQ:OMH) announced significant growth following its acquisition of Simply Sakal Pte. Ltd., now Ohmyhome Property Management. The acquisition has expanded Ohmyhome's services, adding a non-cyclical recurring revenue stream with 6,746 units under management and an ARR of over $2.7M. The integration into the Simple App allows entry into the private condominium market, potentially increasing revenue per transaction. New IoT solutions for vehicle management in condominiums have been introduced, enhancing property management efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:50 pm

NNN

National Retail Properties (NNN) reported a Q4 core FFO of $0.85 per share, up from $0.80 YoY, with sales of $216.23M beating the $206.86M estimate. This represents a 6.25% increase in earnings and an 8.92% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:47 pm

ADSE

ADS-TEC Energy (NASDAQ:ADSE) announced preliminary Q4 and FY 2023 financial results, showing significant revenue growth and its first profitable quarter. FY 2023 revenue reached approximately €107.4M, a 306% increase over FY 2022, with Q4 2023 revenue at about €50.3M. The company also reported a positive Q4 Adjusted EBITDA of €4.9M. ADS-TEC Energy attributes this success to easing supply chain issues, operational performance, and strong demand in Europe. The company reiterates its FY 2024 guidance of €200M in revenues and positive EBITDA.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:43 pm

NAAS

NaaS Technology Inc. (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, announced a positive net take rate for January 2024 and updated its 2023 revenue guidance to $44M-$46M, indicating a year-over-year growth of 234% to 256%. The company reported a 49% year-over-year growth in charging volume for January 2024 and a 55% increase in the fourth quarter of 2023 compared to the same period in 2022.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:36 pm

PPSI

Pioneer Power Solutions, Inc. (PPSI) has launched its new E-Bloc Charge Port series, receiving initial orders valued at over $2 million. The E-Bloc series, designed for EV charging stations, is expected to expand Pioneer's market opportunity by more than $1.5 billion. The company anticipates delivering these orders in Q2 2024. The E-Bloc Charge Port series is approved by Southern California Edison for California's 'Charge Ready' program and is highlighted for its flexibility, scalability, and rugged design. Pioneer's CEO, Nathan Mazurek, sees this as a significant growth opportunity, especially with California's mandate to install 100,000 charge ports in the next 3-5 years.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:34 pm

ABBV

AbbVie has launched VYALEV, a novel subcutaneous 24-hour infusion therapy for advanced Parkinson's disease (aPD) in Canada, marking the first new non-surgical treatment option in a decade. VYALEV, which is designed to control motor fluctuations in aPD patients not adequately managed by oral medications, has shown efficacy in clinical trials by reducing motor fluctuations and improving sleep quality and life quality. This launch underscores AbbVie's commitment to addressing neurological disorders and provides a significant new treatment option for the over 100,000 Canadians living with Parkinson's disease.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:16 pm

HUBC

HUB Cyber Security Ltd (NASDAQ:HUBC) has entered into a $3.2 million, five-year agreement with a top-tier European bank, in collaboration with Blackswan Technologies Ltd., to enhance the bank's data monitoring infrastructure with confidential computing security. This deal signifies HUB's entry into the finance sector and its expansion in global financial markets.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:13 pm

BTU

Peabody Energy projects its Q1 2024 U.S. Thermal PRB volume to be around 21 million tons, with a selling price of approximately $13.55 per ton and costs estimated to be between $11.75 and $12.50 per ton.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:12 pm