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Boeing Co is reportedly leading in negotiations with Indian carrier IndiGo for an order of approximately 25 wide-body aircraft. IndiGo is considering Boeing's 787 family of twin-aisle aircraft, which is competing against Airbus SE's A330neo jets. The decision has not been finalized yet. Recently, IndiGo placed an order for 500 Airbus narrow-body jets.

Portfolio Pulse from Akanksha Bakshi

August 14, 2023 | 1:30 pm

NKLA

Nikola Corp (NASDAQ:NKLA) has announced a voluntary recall of approximately 209 Class 8 Tre battery-electric vehicles due to a potential safety issue. The company is temporarily halting new BEV sales until a resolution is found. The recall follows a fire incident at Nikola's headquarters last month, which was likely caused by a coolant leak inside a single battery pack. Nikola's shares were down 16.4% following the announcement.

Portfolio Pulse from Adam Eckert

August 14, 2023 | 1:29 pm

NKLA

Nikola Corporation has announced a voluntary recall of over 200 vehicles, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:29 pm

CLF

X

Cleveland-Cliffs Inc (CLF) has made a public offer to acquire United States Steel Corp (X) for $35 per share, which was rejected by U.S. Steel as 'unreasonable'. U.S. Steel is exploring strategic alternatives after receiving multiple unsolicited proposals. The company's shares were up 27.8% at $29.04 after the news.

Portfolio Pulse from Adam Eckert

August 14, 2023 | 1:27 pm

RVNC

Revance Therapeutics has received FDA approval for DAXXIFY, a treatment for cervical dystonia. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:25 pm

NOVA

Sunnova Energy International Inc. (NYSE:NOVA) has announced the pricing of its underwritten public offering of 5.1 million shares at $14.75 per share, with an option for underwriters to purchase an additional 765,000 shares. The offering is expected to close on August 16, 2023. The net proceeds, estimated at $71.4 million, will be used for general corporate purposes. Goldman Sachs & Co. LLC is the book-running manager of the offering.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:24 pm

AMPS

Altus Power reported better-than-expected Q2 sales results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:24 pm

APP

AppLovin Corporation (APP) announced that KKR Denali Holdings L.P. has entered into an agreement with GQG Partners LLC to sell 10 million shares of AppLovin's Class A common stock in a direct placement to client accounts managed by GQG.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:23 pm

AMPG

AmpliTech Gr (NASDAQ:AMPG) reported a decrease in Q2 sales to $4.10 million, down 10.56% from $4.58 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:19 pm

JKS

JinkoSolar Holding Co Ltd reported Q2 2023 revenue growth of 50.4% YoY to $4.23 billion, beating the consensus of $4.18 billion. Quarterly shipments were up 28.5% sequentially and 76.7% YoY. Gross margin expanded to 15.6% from 14.7% in Q2 of 2022. The company held $2.35 billion in cash, cash equivalents, and restricted cash as of June 30. However, JKS shares traded lower by 2.59% at $35 premarket on Monday.

Portfolio Pulse from Akanksha Bakshi

August 14, 2023 | 1:17 pm