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ALCE

XEL

The article highlights Alternus Clean Energy Inc (ALCE) and Xcel Energy Inc. (XEL) as the top 2 oversold utilities stocks preparing for a rebound in March. ALCE's strategic alliance with Hover Energy and its significant stock price drop are noted, alongside XEL's potential liability for the Smokehouse Creek Fire and its recent stock decline.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:52 pm

TGLS

Technoglass shares are trading lower following the announcement of Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:51 pm

IGT

Truist Securities analyst Barry Jonas downgraded Intl Game Tech (IGT) from Buy to Hold and reduced the price target from $32 to $30.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:51 pm

AMD

AVGO

NVDA

AMD's stock is set to build on its recent gains, outperforming Nvidia in premarket trading. The rise follows positive commentary from Citigroup, highlighting an expected global semiconductor sales growth of over 11% due to AI-related demand. AMD, along with Nvidia and Broadcom, were named as preferred companies by Citigroup. AMD's market valuation surpassed $300 billion after a significant rally. Analysts see AMD benefiting from AI demand, with a projected AI revenue run-rate of $4 billion by the end of 2024, potentially reaching over $7 billion in 2025. Despite a higher forward price-earnings multiple compared to Nvidia, AMD's stock gained 2.80% in premarket, while Nvidia rose 1.06%.

Portfolio Pulse from Shanthi Rexaline

March 01, 2024 | 12:48 pm

AY

Atlantica Sustainable (NASDAQ:AY) reported Q4 earnings of $0.02 per share, surpassing the $(0.24) estimate, but its sales of $241.31M fell short of the $245.84M estimate. This represents a 33.33% decrease in earnings and a 0.95% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:46 pm

DNA

Ginkgo Bioworks Holdings' shares dropped following the announcement of disappointing Q4 financial results and a revenue forecast for FY24 that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:45 pm

NYCB

New York Community Bancorp's shares dropped following the announcement of material weaknesses in its internal controls over loan review, attributed to ineffective oversight, risk assessment, and monitoring activities.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:42 pm

FUBO

FuboTV shares surged following the announcement of their Q4 earnings and FY24 revenue outlook, both exceeding expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:40 pm

FUBO

FuboTV has projected its FY24 revenue to be between $1.815 billion and $1.875 billion, surpassing the estimated $1.624 billion.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:39 pm

ESTC

Elastic NV (NYSE:ESTC) reported Q3 FY24 earnings with a 19% Y/Y revenue increase to $328.0 million, surpassing consensus estimates. Elastic Cloud revenue grew by 29% Y/Y. The company also raised its FY24 revenue and adjusted EPS outlook. Despite these positive results, ESTC shares are down 12.5% in premarket trading.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 12:37 pm