Streetbeat News

Stock Prices

SOL

Emeren Group Ltd (NYSE:SOL) shares dropped over 9% after reporting Q3 FY23 results with revenue of $13.95 million, significantly missing the consensus estimate of $28.29 million. The decline of 42% Y/Y was attributed to delayed government approval for a solar project in Hungary. Despite this, gross profit increased to $5.7 million with a higher margin compared to the previous year. The company posted an adjusted EBITDA loss and a loss per ADS, both missing consensus estimates. Emeren's FY23 outlook anticipates lower revenue than expected but projects a net income and a gross margin within a specific range. SOL's stock price fell to $2.3807.

Portfolio Pulse from Lekha Gupta

November 22, 2023 | 3:21 pm

ACB

CURLF

IMCC

SPRC

TKUNF

Israel's cannabis industry is growing, with increased medical cannabis prescriptions post-Gaza war. ICD Pharma, Tikun Olam Cannbit (TKUNF), and Syqe Medical are key players, with Syqe set for a $650 million acquisition by Philip Morris. IM Cannabis Corp. (IMCC) was the first Israeli cannabis company on NASDAQ. Curaleaf Holdings (CURLF) and Aurora Cannabis (ACB) are North American companies involved in Israel's market. SciSparc Ltd. (SPRC) plans to merge with an unnamed vehicle importer, expecting the importer to hold 80% of the combined entity post-merger and financing round.

Portfolio Pulse from Jelena Martinovic

November 22, 2023 | 3:18 pm

SOL

Roth MKM analyst Philip Shen has maintained a Buy rating on Emeren Group (NYSE:SOL) but has reduced the price target from $7 to $5.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:17 pm

CTVA

Roth MKM analyst Brian Wright has maintained a Buy rating on Corteva (NYSE:CTVA) but has reduced the price target from $82 to $63.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:13 pm

MSFT

Wedbush analyst Daniel Ives has reiterated an Outperform rating on Microsoft (NASDAQ:MSFT) and maintained a price target of $425.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:11 pm

NVDA

Wedbush analyst Matt Bryson has reiterated an Outperform rating on NVIDIA (NASDAQ:NVDA) and maintained a price target of $600.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:09 pm

During a conference call, an executive from Deere & Company discussed the current state of the construction and forestry market, indicating that the demand outlook remains mixed. The executive highlighted uncertainty in housing and commercial investments as contributing factors to the market's unpredictability.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:08 pm

During a conference call, an executive from Deere & Co indicated that shifting agricultural market dynamics are expected to lead to a decline in demand for their products in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:06 pm

AGL

CLMT

GHRS

GYRE

HPQ

IRDM

PAGS

TCOM

VFS

U.S. stocks were up, with the Dow Jones gaining about 100 points. HP Inc. (HPQ) shares rose 3.9% after reporting quarterly results with net revenue of $13.817 billion, slightly above consensus, and adjusted EPS of $0.90, meeting expectations. The company maintained its full-year profit forecast. Other stocks that moved higher include Gyre Therapeutics (GYRE), agilon health (AGL), GH Research (GHRS), VinFast Auto (VFS), Trip.com Group (TCOM), Calumet Specialty Products Partners (CLMT), PagSeguro Digital (PAGS), and Iridium Communications (IRDM), with Iridium's CEO purchasing 28,000 shares.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 3:06 pm

EIS

Israel and Hamas have reached an agreement to release around 50 hostages in exchange for 150 Palestinian prisoners, with a four-day ceasefire and potential for further releases. The deal includes pauses in fighting and drone flights. U.S. President Biden and Secretary of State Blinken welcomed the deal, emphasizing continued efforts for the release of all hostages. The UN also supports the agreement. Israeli stocks rallied, with the Tel Aviv 125 index up 1.8% and the iShares MSCI Israel ETF (EIS) closing 0.3% higher.

Portfolio Pulse from Piero Cingari

November 22, 2023 | 3:06 pm