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GNRC

Generac has been selected by the Department of Energy to enter negotiations for a $50 million grant as part of the Grid Resilience and Innovation Partnership. This selection highlights Generac's role in enhancing grid resilience and innovation.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:31 am

ACTG

Acacia Research Corporation (NASDAQ:ACTG) has acquired Deflecto Acquisition, Inc. for $103.7 million to expand its industrial portfolio. Deflecto, a specialty manufacturer, is expected to generate $128-$136 million in revenue in 2024. The acquisition is anticipated to be accretive to Acacia's free cash flow and earnings per share.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:29 am

CYN

Cyngn has completed the first paid deployment of its autonomous DriveMod Forklift, marking a significant step in its commercialization. The forklift, part of Cyngn's Enterprise Autonomy Suite, is designed for high precision and safety in dynamic environments. Cyngn plans to expand its deployment by 2025.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:11 am

HBT

HBT Financial reported its Q3 2024 results with an adjusted EPS of $0.61, beating the estimate of $0.57. However, its sales of $56.438 million missed the expected $57.156 million.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:07 am

WAB

Wabtec (NYSE:WAB) has secured a $405 million deal to supply Evolution Series ES44ACi locomotives to Kazakhstan Temir Zholy (KTZ), enhancing KTZ's fleet and supporting regional rail demand. The locomotives will be built in Astana and are designed for Kazakhstan's challenging conditions.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:01 am

MOS

Mosaic Company (NYSE:MOS) reports recovery from recent hurricanes affecting its Florida operations and addresses a $30M risk due to a key customer's bankruptcy. Most operations have resumed, and the company expects to recover the majority of the outstanding balance through credit insurance.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:35 am

AAPL

NFLX

NVDA

U.S. markets closed higher with record highs in major indexes, driven by strong Netflix earnings and tech stock gains. Key tech stocks like Apple and Nvidia contributed to the rally. U.S. housing stats showed a decline, while most S&P 500 sectors closed positively. In Asia, Japan and Australia saw gains, while India and Hong Kong declined. European markets opened lower. Commodities like crude oil and gold rose, while U.S. futures indicated a slight decline. The U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

October 21, 2024 | 10:32 am

PSN

Parsons Corporation has agreed to acquire BCC Engineering, LLC for $230 million in an all-cash transaction. BCC, a full-service engineering firm, will be integrated into Parsons' North America Infrastructure business unit. The acquisition aligns with Parsons' strategy of acquiring high-growth companies and is expected to be accretive to revenue growth and adjusted EBITDA margins.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:31 am

ROAD

Construction Partners projects FY25 revenue between $2.42B and $2.52B, surpassing estimates of $2.09B. The company anticipates net income of $90M to $106M and adjusted EBITDA of $338M to $368M, with a margin of 14.0% to 14.6%. These projections include results from Asphalt Inc., LLC.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:11 am

ISTR

Investar Holding reported a Q3 2024 adjusted EPS of $(0.45), missing the estimate of $0.33. However, their sales were $21.4M, surpassing the expected $19.6M.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:11 am