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Revenues

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has announced receiving orders exceeding $10 million for its e-Bloc and related products, with deliveries and installations starting in Q2 of 2024. These orders come from various sectors, including an EV charging infrastructure developer, a solar microgrid developer for a major U.S. airport, a large titanium smelter, and a major natural gas distribution provider. The company anticipates these orders to boost revenue for 2024 and 2025, addressing the robust demand in the distributed power generation market.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:16 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) has received its largest order ever, valued at $4.9 million, for its BolaWrap product to be delivered in Q4 2023. This order is seen as the beginning of a significant global deployment of WRAP's non-lethal restraint solutions in 2024. The company plans to use this order to scale production, accelerate R&D, and improve customer support, indicating strong demand and validation for its public safety technology.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:06 pm

LRHC

La Rosa Holdings Corp. (NASDAQ: LRHC) has acquired a 51% interest in its franchisee, La Rosa Realty Orlando, LLC, which generated $3.6 million in revenue and positive net income in 2022. Despite a down market, Realty Orlando increased transactions by 14% in 2023 compared to 2022. The company aims for a $100 million annual revenue run rate by end of 2024 and plans to acquire more franchisees soon.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:02 pm

FSLR

First Solar, Inc. (FSLR) has entered into agreements to sell up to $700 million in 2023 IRA Advanced Manufacturing Production tax credits to Fiserv, Inc. The deal, facilitated by Citigroup Global Markets, Inc. as the placement agent, is at a rate of $0.96 per $1 of tax credits. This transaction, a first in the solar industry, is expected to enhance First Solar's cash position and balance sheet, allowing for further investment in growth and innovation. The tax credits are derived from the sale of PV solar modules produced by First Solar's US manufacturing facilities. The company plans to invest over $2 billion in new manufacturing facilities and expects to have 14 gigawatts of US solar manufacturing capacity by 2026.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:01 pm

PINS

Analysts have provided mixed evaluations of Pinterest (NYSE:PINS) with 17 ratings over the past three months. The average 12-month price target is $36.18, up 13.88% from the previous target. Recent analyst actions mostly involve raising price targets and ratings, reflecting a positive outlook on Pinterest's performance. The company's financials show strong revenue growth and net margin but below-average ROE and ROA. Pinterest's market cap is below industry averages, and it has a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 2:00 pm

TRIB

Trinity Biotech plc (NASDAQ:TRIB) has started shipping its new rapid HIV screening test, TrinScreen HIV, to Kenya. The initial order consists of 2.5 million tests, with further shipments planned for early 2024. Kenya's HIV screening program, one of Africa's largest, performs approximately 10 million tests annually. Trinity Biotech expects to receive additional orders throughout 2024, as Kenya has secured funding from sponsors like Global Fund and USAID for all 10 million required tests. The new HIV testing algorithm, including TrinScreen HIV, will be implemented in January 2024. The company sees this as a significant opportunity to expand its presence in the HIV screening market across Africa, which is part of a global market estimated at 150 million tests annually.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 1:58 pm

BWEN

MKTX

Broadwind Inc (BWEN) has agreed to sell approximately $15 million of Advanced Manufacturing Production Credits to MarketAxess Holdings, Inc. (MKTX) under the Inflation Reduction Act. The tax credits are related to Broadwind's domestic production and sale of wind turbine components. Broadwind will also sell section 45X tax credits generated in 2024 on a quarterly basis. CEO Eric Blashford highlighted the economic incentive for renewable energy investment provided by the 45X tax credit. BWEN's stock saw a slight increase of 0.35% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 27, 2023 | 1:52 pm

SPY

VGK

Fitch Ratings reports that default rates for high yield bonds and leveraged loans are expected to rise in the U.S. and Europe in 2024 due to weaker economic growth and high interest rates. U.S. leveraged loan defaults increased from 1.6% at the end of 2022 to 3.04% in 2023, and high yield bond defaults rose from 1.35% to 2.99%. European leveraged loan defaults are projected to reach 4% by the end of 2024, with high yield bond defaults also expected to increase. The forecast reflects sector-specific issues in healthcare, pharmaceuticals, telecom, technology, consumer, industrial, and real estate sectors.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 1:43 pm

FNMA

IYR

SCHH

VNQ

XLRE

Fannie Mae forecasts a slight GDP decline of 0.3% in 2024 with a recovery in 2025. The housing market is expected to show resilience with slow recovery in home sales and mortgage originations. The Economic & Strategic Research Group at Fannie Mae presented this outlook. ETFs like VNQ, SCHH, XLRE, and IYR offer exposure to the real estate sector. Mortgage rates are predicted to average 6.7% in 2024, with a modest increase in home sales.

Portfolio Pulse from Surbhi Jain

December 27, 2023 | 1:15 pm

MDGS

Medigus Ltd. (NASDAQ:MDGS) announced that its subsidiary, Charging Robotics, has successfully completed a key experiment in wireless high voltage electricity transfer for EV charging. This is a significant step towards implementing a wireless charging system in automated car parks. The experiment verified the proprietary control algorithms for voltage and current. The global Automated Parking System market is expected to grow from USD 1.8 billion in 2022 to USD 5.2 billion by 2032, with a CAGR of 11.4%. The growth in the EV market alongside automated parking suggests a promising future for this technology.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 1:13 pm