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PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) announced receiving three new orders totaling $3.1 million for its e-Boost mobile electric charging solutions. These orders are expected to contribute significantly to the company's revenue and operating margin in 2024. The orders include two from new customers and one reorder, showcasing the adoption and versatility of the e-Boost solutions across different platforms: Pod, Mobile, and Mini. Deliveries and installations are set to begin in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 2:08 pm

SCLX

Scilex Holding Company announced strong interest from rheumatologists in Gloperba, a liquid colchicine for gout prophylaxis, due to its precision dosing. Gloperba targets patients with comorbid conditions and those experiencing gastrointestinal side effects. Scilex, with a robust distribution network and experienced commercial team, is discussing dosing recommendations with the FDA. The gout treatment market is expected to reach $2.0 billion by 2028 in the U.S.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 2:03 pm

PNC

PNC Financial Services Group (NYSE:PNC) received mixed analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, 5 indifferent, 1 somewhat bearish, and 0 bearish. The average 12-month price target from 9 analysts is $141.04, up 7.5% from the previous $131.20. Analysts from firms like Goldman Sachs, Odeon Capital, and Piper Sandler have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. PNC's financial performance shows a revenue decline of -5.69%, a high net margin of 27.51%, a below-average ROE of 2.92%, an exceptional ROA of 0.26%, and a healthy debt-to-equity ratio of 1.34.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:01 pm

LII

Lennox Intl (NYSE:LII) has received a mix of bullish and indifferent analyst ratings over the last quarter, with no bearish ratings. The average 12-month price target among 10 analysts is $454.3, with a high of $550.00 and a low of $400.00. The current average target represents a 19.75% increase from the previous average of $379.38. Analysts from firms such as Wells Fargo, Stephens & Co., TD Cowen, Keybanc, Mizuho, Goldman Sachs, Barclays, and Morgan Stanley have raised their price targets for LII. Lennox International operates in the HVAC and refrigeration markets, with a focus on North America. The company has shown solid revenue growth but has a higher debt-to-equity ratio compared to the industry average.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:01 pm

ETN

Eaton Corp (NYSE:ETN) has been rated by 5 analysts in the last 3 months, with 2 somewhat bullish, 2 indifferent, and 1 somewhat bearish ratings. The average 12-month price target is $226.4, with a high of $257.00 and a low of $187.00. Over the past month, the average price target has increased by 5.92%. Analysts from Wells Fargo, RBC Capital, Barclays, JP Morgan, and Morgan Stanley have updated their ratings and price targets. Eaton is a diversified power management company with a strong market position, reflected in its financials, including a 10.67% revenue growth rate, a net margin of 15.15%, an ROE of 4.9%, an ROA of 2.41%, and a low debt-to-equity ratio of 0.52.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:00 pm

CCL

CRUZ

NCLH

RCL

Cruise line operators Carnival (CCL) and Royal Caribbean (RCL) have seen their shares more than double in 2023, with Carnival's stock up 128% and Royal Caribbean's up 145%. Norwegian Cruise Lines (NCLH) also gained 66%. The recovery is attributed to rising passenger numbers, lower oil prices, and the prospect of lower interest rates. Carnival's third-quarter revenues were the highest ever, driven by strong demand. The Defiance Hotel, Airline, and Cruise ETF (CRUZ), which includes cruise line operators, is up 33% year to date. However, Carnival noted rising input costs in its September quarterly results presentation, although oil prices have since fallen below $80 a barrel.

Portfolio Pulse from Neil Dennis

December 19, 2023 | 1:53 pm

ECDA

Humble Imports, Inc., a subsidiary of ECD Automotive Design, reported a significant increase in Q3 2023 revenue, up 68% to $6.2M. Vehicle deliveries rose 27% to 19 vehicles, with the average selling price per vehicle increasing by 33% to $325,215, attributed to higher customization and the introduction of the Jaguar E-Type. Gross margin improved to 35.4% in Q3 2023 from 25.7% in Q3 2022, and net income reached $668,000 compared to a net loss of $86,000 in Q3 2022. CEO Scott Wallace highlighted strong fundamentals, growth plans, and a full order book for 2024.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:47 pm

LVO

LiveOne projects its FY25 2025 revenue to be between $140M-$155M, which is in line with the analyst estimate of $145.75M.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:47 pm

CENN

Cenntro Electric Group Limited's all-electric class 4 Logistar 400 (LS400) has been approved by the California Air Resources Board (CARB) to participate in California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP), providing a $60,000 point-of-sale voucher for LS400 sales in California. This follows the LS400's CARB certification as a zero-emission vehicle and a certificate of conformity from the EPA. The HVIP approval is expected to make the LS400 more affordable, attractive, and drive sales in California, aiding in the commercial fleet electrification.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:44 pm

VERU

Veru Inc. announced an investor call on January 4, 2024, to discuss recent financing and its strategy to prioritize the development of enobosarm, a treatment for obesity that prevents muscle loss and augments fat loss in combination with GLP-1 drugs. The company plans a Phase 2b trial for enobosarm and expects first clinical data in Q4 2024. The recent financing is expected to support the company beyond the clinical milestones of this trial.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:42 pm