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PL

Planet Labs (NYSE:PL) announced that its Pelican tech demonstration satellite, Pelican-1, and 36 SuperDoves, Flock 4Q, will be launched on SpaceX's Transporter-9 mission on November 11, 2023. The mission will validate the design and operations of Planet's common bus platform, which will host Planet's next generation of imaging sensors. Planet's shares closed lower by 3.67% at $2.10 on Thursday.

Portfolio Pulse from Shivani Kumaresan

November 10, 2023 | 11:27 am

GRPN

TTD

U

Several stocks including Unity Software, Groupon, Trade Desk, and others are moving lower in Friday's pre-market session. Unity Software reported worse-than-expected Q3 revenue results, leading to a 13.2% drop in pre-market trading. Other companies such as Groupon, Plug Power, Trade Desk, Westrock Coffee Company, Diageo, Illumina, Applied Optoelectronics, Ballard Power Systems, Hawaiian Electric Industries, FuelCell Energy, and Wynn Resorts also reported disappointing financial results, leading to declines in pre-market trading.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 11:24 am

HE

Wells Fargo analyst Jonathan Reeder has downgraded Hawaiian Electric Industries (NYSE:HE) from Equal-Weight to Underweight, while raising the price target from $8 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:18 am

EVA

JP Morgan analyst Drew Chamberlain has downgraded Enviva (NYSE:EVA) from Neutral to Underweight.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:16 am

PLUG

RBC Capital analyst Chris Dendrinos has downgraded Plug Power (NASDAQ:PLUG) from Outperform to Sector Perform and lowered the price target from $12 to $5.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:10 am

AQN

SHCO

STNE

TTD

WYNN

Wall Street expects Soho House & Co Inc. (SHCO) to report a quarterly loss at 10 cents per share on revenue of $306.26 million. Wynn Resorts, Limited (WYNN) reported better-than-expected earnings for its third quarter. Algonquin Power & Utilities Corp. (AQN) is expected to earn 12 cents per share on revenue of $648.89 million for the latest quarter. The Trade Desk, Inc. (TTD) posted upbeat results for its third quarter, but issued weak revenue guidance for the current quarter. StoneCo Ltd. (STNE) is expected to report quarterly earnings at $1.11 per share on revenue of $3.09 billion.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 11:09 am

GRPN

Groupon Inc reported Q3 FY23 revenue of $126.5 million, missing the consensus of $129.6 million. North America and International revenues decreased due to a decline in engagement on the platform. Adjusted EPS loss of $(0.12) missed the consensus of $0.11. The company plans to raise around $100 million through equity rights offering and non-core asset sales. Groupon's co-founder Eric Lefkofsky is set to resign from the board. Following the news, Groupon shares traded lower by 32.27%.

Portfolio Pulse from Lekha Gupta

November 10, 2023 | 11:07 am

JBLU

Exane BNP Paribas analyst James Hollins has downgraded JetBlue Airways from Neutral to Underperform.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 10:58 am

AAL

Exane BNP Paribas analyst James Hollins has downgraded American Airlines Group (NASDAQ:AAL) from Outperform to Neutral.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 10:50 am

LUV

Exane BNP Paribas analyst James Hollins has downgraded Southwest Airlines (NYSE:LUV) from Neutral to Underperform.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 10:48 am