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NEP

NextEra Energy Partners LP (NEP) shares dropped by around 18% after the company revised its limited partner distribution per unit growth rate to 5% to 8% annually through at least 2026, with an expected growth rate of 6%. The company doesn't expect to require growth equity to meet its revised growth expectations until 2027. NEP also revised its year-end run-rate expectations for adjusted EBITDA and CAFD. The company's shares are down 17.8% at $38.54.

Portfolio Pulse from Lekha Gupta

September 27, 2023 | 2:17 pm

ASML

A significant investor has taken a bearish stance on ASML Holding (NASDAQ:ASML), with 61% of investors opening trades with bearish expectations. The majority of the trades spotted are puts, totaling $607,654, compared to calls totaling $241,580. Whales have been targeting a price range from $500.0 to $740.0 for ASML Holding over the last 3 months. The price of ASML is currently up 1.32% at $580.27, and the next earnings are expected in 21 days.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:17 pm

MCD

McDonald's Corp (NYSE:MCD) has announced a 1% increase in franchisee royalty charges, from 4% to 5%, starting next year. This decision is significant as franchisees operate 95% of McDonald's 40,000 global locations and their fees made up 61% of the company's $23 billion revenue last year. Meanwhile, McDonald's stock has seen a 4% decrease this month, breaching a significant support level at $271.

Portfolio Pulse from Zaheer Anwari

September 27, 2023 | 2:08 pm

YTRA

Yatra Online, Inc.'s Indian subsidiary, Yatra Online Limited, is set to commence trading on the Bombay Stock Exchange on September 28, 2023, after a successful IPO of $93 million. The parent company will retain about 65% ownership in the subsidiary. The IPO proceeds will be used for strategic investments, acquisitions, customer acquisition and retention, technology, and other growth initiatives. Yatra Online also benefits from an additional capital of ~$21 million by selling shareholder THCL. YTRA shares are trading higher by 7.34% at $2.34.

Portfolio Pulse from Akanksha Bakshi

September 27, 2023 | 2:08 pm

SOUN

Shares of SoundHound AI, Inc. (NASDAQ:SOUN) are trading higher after DA Davidson initiated coverage on the stock with a Buy rating and a price target of $5. The stock has seen heavy trading volume with more than 7.5 million shares traded in the session. The stock has significant short interest with 16.16% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

September 27, 2023 | 2:06 pm

GVA

Glass House Research has issued a short on Granite Construction (GVA), titled 'Granite Construction: Blueprint For Disaster'.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 2:02 pm

RNLX

Renalytix (NASDAQ:RNLX) is set to release its latest quarterly earnings report on September 28, 2023. Analysts estimate an EPS of $-0.13. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varying stock price changes. The stock is currently trading at $1.88 and has seen a 49.6% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:01 pm

PTN

Palatin Techs (AMEX:PTN) is set to release its latest quarterly earnings report on September 28, 2023. Analysts estimate an earnings per share (EPS) of $-0.56. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. The stock is currently trading at $1.52, down 73.2% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:01 pm

VRAR

Glimpse Group (NASDAQ:VRAR) is set to release its latest quarterly earnings report on September 28, 2023. Analysts estimate an earnings per share (EPS) of $-0.14. The company's past performance shows a general negative trend in stock price changes post-earnings release. The stock was trading at $3.25 as of September 26, with a 52-week return down by 37.43%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:01 pm

VLY

Valley Ntl (NASDAQ:VLY) has received four indifferent and one somewhat bearish analyst ratings in the last quarter. The average 12-month price target for the stock, according to five analysts, is $9.7, a 10.86% increase from the previous average of $8.75.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:01 pm