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HE

Hawaiian Electric (HE) shares are trading lower following reports that the company is facing multiple lawsuits and is in talks with restructuring firms.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 6:45 pm

DBCCF

TSXV:DB

Decibel Cannabis Company Inc. (TSXV:DB) (OTCQB:DBCCF) reported a YoY increase in net revenue to CA$58 million ($42.9 million) in Q2 2023, up from CA$18.5 million in the same quarter of last year. The company also reported a gross profit before fair value adjustments of CA$26.4 million, a gross margin of 46%, and a positive adjusted EBITDA of roughly CA$14 million. The net loss was CA$992,000, down from CA$2.1 million in Q2 2022.

Portfolio Pulse from Jelena Martinovic

August 17, 2023 | 6:44 pm

NOVA

KeyBanc Capital Markets analyst Sophie Karp has reiterated the Overweight rating on Sunnova Energy International Inc. (NOVA), but lowered the price target from $39 to $31 due to a decrease in 2023-2025 estimates. The reduction is based on 2Q results and market conditions. Karp highlights labor and operational risks within the dealer business model and policy uncertainty at federal and local levels. Despite these risks, Karp believes NOVA's current levels provide an attractive entry point for investors.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 6:42 pm

EQT

EQT's shares are trading higher after several analysts raised their price targets for the company. This follows the Federal Trade Commission's (FTC) completion of its review of EQT's agreement to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 6:31 pm

SNOW

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. Whales have been targeting a price range from $100.0 to $270.0 for Snowflake over the last 3 months. Guggenheim has downgraded its action to Sell with a price target of $105, while Mizuho maintains a Buy rating with a price target of $180, and Exane BNP Paribas has upgraded its action to Neutral with a price target of $173.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:30 pm

AHI

CELL

CREX

EMKR

LYTS

TRMR

WMT

US stocks traded lower with the Dow Jones falling more than 100 points. Walmart Inc reported better-than-expected Q2 earnings and raised FY24 outlook. PhenomeX Inc. shares shot up 137% after announcing a $108 million acquisition agreement with Bruker. LSI Industries Inc. shares rose 17% following better-than-expected Q4 results. Advanced Health Intelligence Ltd. shares gained 27% after obtaining overseas R&D reimbursement. Creative Realities, Inc. shares dropped 35% after reporting pricing of $6 million public offering. EMCORE Corporation shares were down 40% after reporting pricing of $15.8 million public offering. Tremor International Ltd was down 30% after reporting financial and operating results.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 6:30 pm

WEC

WEC Energy Group (NYSE:WEC) has outperformed the market over the past 20 years, producing an average annual return of 9.29%. If an investor had bought $100 of WEC stock 20 years ago, it would be worth $602.73 today.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:30 pm

AXP

American Express (NYSE:AXP) has outperformed the market over the past 15 years by 1.52% on an annualized basis, producing an average annual return of 9.98%. If an investor had bought $1000 of AXP stock 15 years ago, it would be worth $4,366.39 today.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:30 pm

ENPH

KeyBanc Capital Markets analyst Sophie Karp has reiterated an Overweight rating on Enphase Energy Inc (NASDAQ:ENPH), but lowered the price target from $267 to $200. The reduction reflects ongoing de-stocking in distribution channels and slowly recovering demand. Karp also noted a decrease in the target multiple due to market uncertainty. Enphase Energy's guidance for lower sales and stable margins reflects slowing shipments in the broader industry. The analyst also warned that slower than anticipated growth in demand for solar energy solutions could negatively impact operations.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 6:24 pm

CRSP

Shares of CRISPR are being closely watched as traders circulate a note about an upgrade from Citi.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 6:23 pm