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SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) shares dropped after announcing a $1.5 billion convertible senior notes offering due 2029, with an option for an additional $225 million. The notes have a conversion rate of 0.7455 shares per $1,000, at a price of $1,341.38 per share, a 37.5% premium over the recent closing price. SMCI's stock has surged recently, partly due to AI excitement and social media buzz. The company does not pay dividends but engages in other capital allocation strategies.

Portfolio Pulse from Erica Kollmann

February 23, 2024 | 4:06 pm

LUNR

Intuitive Machines, Inc. (NASDAQ:LUNR) shares surged after its Odysseus spacecraft successfully landed on the Moon, marking the first U.S. soft landing since 1972. The achievement has sparked significant interest, with the stock gaining over 240% in the past month. A press conference is scheduled to discuss further details. Despite the recent success, a long-term stock forecast based on past performance suggests a potential annualized return of -3.02%, projecting a stock price of $9.27 in five years.

Portfolio Pulse from Erica Kollmann

February 23, 2024 | 4:03 pm

RUN

Sunrun Inc (NASDAQ:RUN) shares dropped 4% to $12.26 after announcing a $475 million convertible senior notes offering due 2030, with an option for an additional $75 million. The notes have a 4.00% interest rate and an initial conversion price of $16.29 per share. Sunrun plans to use the proceeds for repurchasing its 2026 notes, capped call transactions, and general corporate purposes. Additionally, Sunrun's past 5-year annualized stock performance is -4.04%, projecting a potential future stock price of $10.11.

Portfolio Pulse from Henry Khederian

February 23, 2024 | 4:02 pm

SIBN

SI-BONE (NASDAQ:SIBN) is expected to report a Q4 earnings per share (EPS) of $-0.28 on Monday, 2024-02-26. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for the next quarter. SI-BONE's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by a 2.06% drop. Shares are currently trading at $20.2, up 18.42% over the last 52 weeks, indicating a generally positive sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:02 pm

TREX

Trex Co (NYSE:TREX) is scheduled to release its quarterly earnings report on February 26, 2024, with an expected EPS of $0.19. Analysts and investors are looking for an earnings beat and positive guidance for future growth. Trex Co's past earnings performance shows a consistent trend of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $93.52, reflecting an 81.68% increase over the last 52 weeks, indicating bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:01 pm

RLJ

RLJ Lodging (NYSE:RLJ) is scheduled to release its quarterly earnings report on February 26, 2024. Analysts predict an EPS of $0.00. The company's past performance shows a pattern of beating EPS estimates, which has positively impacted its share price. Shares are currently trading at $12.0, with a 3.43% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:01 pm

EVBG

Everbridge (NASDAQ:EVBG) is scheduled to release its quarterly earnings report on February 26, 2024. Analysts predict an EPS of $0.49. The company's past earnings performance shows a pattern of beating EPS estimates, which has occasionally led to positive stock price movements the following day. However, over the last year, Everbridge's shares have declined by 13.56%, indicating potential investor concern. The upcoming earnings report and particularly the company's guidance for future quarters will be critical for investor sentiment.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:01 pm

MFIC

MidCap Financial (NASDAQ:MFIC) is scheduled to release its quarterly earnings report on Monday, 2024-02-26, with an estimated EPS of $0.43. Historical data shows mixed reactions to past earnings, with the last quarter's miss resulting in a 2.92% share price drop. Shares have risen 13.02% over the last year, indicating positive sentiment among long-term investors. The upcoming report's guidance will be crucial for short-term stock movement.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:01 pm

TGL

Treasure Global Inc (NASDAQ:TGL) announced a 1-for-70 reverse stock split to comply with Nasdaq's $1.00 minimum bid price requirement. The split-adjusted trading starts on February 27, 2024. The move, approved by stockholders and the Board, aims to maintain its Nasdaq listing without altering stockholder equity percentages. Fractional shares will be rounded up, and no action is required from stockholders for the adjustment.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 4:01 pm

PEG

Public Service Enterprise (NYSE:PEG) is scheduled to release its quarterly earnings report on 2024-02-26, with analysts expecting an EPS of $0.52. The company's past earnings performance shows a mix of beats and misses, with the share price reacting accordingly. Shares are currently trading at $60.37, down 1.04% over the last year. Investors will be looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:01 pm