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NETI

Offshore wind turbine and foundation installation companies Cadeler A/S and Eneti Inc. have announced a share exchange offer for all outstanding shares of Eneti Inc. The offer is part of a business combination agreement announced in June 2023 and is expected to close in Q4 2023. The combined group will be named Cadeler, headquartered in Copenhagen, Denmark, and listed on the New York Stock Exchange and the Oslo Stock Exchange. Cadeler's management anticipates the business combination will deliver annual synergies of €106 million.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:42 pm

IDA

IDACORP, Inc. (NYSE:IDA) has announced a public offering of $260 million of its common stock. The shares are expected to be borrowed by the forward counterparty from third parties and sold to the underwriters. IDACORP also plans to grant the underwriters an option to purchase up to $39 million of additional shares. Wells Fargo Securities, LLC and Morgan Stanley are acting as the representatives of the underwriters. IDACORP will enter into a forward sale agreement with Morgan Stanley, selling approximately $260 million of shares at an initial forward sale price per share equal to the price per share at which the underwriters purchase the shares.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:41 pm

MRCY

Mercury Systems has reaffirmed its FY24 revenue guidance of $950M-$1.00B and raised its adjusted EPS outlook from $1.14-$1.48 to $1.19-$1.54.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:40 pm

AKAM

Akamai Technologies has increased its 2023 revenue outlook from $3.765B-$3.795B to $3.802B-$3.822B. The company also raised its adjusted EPS outlook from $5.87-$5.95 to $6.08-$6.13.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:37 pm

HLGN

Heliogen has announced the suspension of its NYSE listing status, with shares halted ahead of the announcement.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:36 pm

METC

Ramaco Resources has increased the midpoint of its FY23 coal shipment forecast from 3.1M-3.6M tons to 3.25M-3.5M tons.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:36 pm

SNEX

StoneX Group Inc. (NASDAQ:SNEX) has announced a three-for-two stock split, approved by its Board of Directors, to make stock ownership more accessible. The additional shares will be distributed after trading closes on November 24, 2023, to stockholders of record at the close of business on November 17, 2023. Trading will begin on a stock split-adjusted basis on November 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:32 pm

BROS

Dutch Bros Inc. (NYSE:BROS) reported Q3 earnings of 14 cents per share, beating the analyst consensus estimate of seven cents. The company also reported record revenue of $265.00 million, surpassing the analyst consensus estimate of $258.60 million. Dutch Bros saw a 4.0% increase in system same-shop sales compared to 2022. The company reaffirmed its FY23 outlook, expecting revenue to be at the lower end of the $950 million to $1 billion range.

Portfolio Pulse from Ryan Gustafson

November 07, 2023 | 10:27 pm

FLYW

Flywire has projected its FY23 revenue to be between $394.1M and $399.3M, which is higher than the estimated $385.17M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:26 pm

FLYW

Flywire has projected its Q4 2023 revenue to be between $91.5M and $96.5M, which is higher than the estimated $89.3M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:25 pm