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PLBY

PLBY Group's stock price is trading lower due to the company reporting third-quarter earnings per share (EPS) results that were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:43 pm

FREY

B of A Securities analyst Julien Dumoulin-Smith downgraded FREYR Battery (NYSE:FREY) from Buy to Underperform and significantly reduced the price target from $13 to $1.9.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:43 pm

BIOL

Biolase, Inc. reported disappointing Q3 financial results, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:42 pm

SUNW

Sunworks, Inc (NASDAQ:SUNW) reported a significant decline in Q3 FY23 revenue, missing consensus estimates. The company's revenue dropped by 29.5% year-on-year to $28.7 million, with a notable decrease in the Residential Solar segment and a smaller backlog compared to the previous year. Adjusted EPS matched consensus, but the company faced an increased adjusted EBITDA loss. The CEO cited higher interest rates and policy changes in California as challenges. Sunworks has taken cost-cutting measures, including layoffs and market closures. Despite the setbacks, the CEO remains optimistic about new commercial opportunities and the company's first commercial-grade electric vehicle system. SUNW's stock price has fallen significantly, down 7.1% at the last check and 79% YTD.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 4:42 pm

PLUG

Jefferies analyst Sam Burwell has downgraded Plug Power (NASDAQ:PLUG) from Buy to Hold and set a new price target of $6.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:41 pm

KORE

KORE Group Holdings' stock is trading lower following the release of disappointing Q3 financial results and FY23 revenue guidance that fell short of expectations. Additionally, Morgan Stanley has reduced its price target for KORE from $1.5 to $0.7.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:38 pm

LILM

Lilium N.V. (NASDAQ:LILM) has announced the extension of its partnership with InoBat for the production of high-performance battery cells for the Lilium Jet. The cells will be produced at InoBat's Volta I and upcoming Volta II plants in Slovakia, with production starting in early 2024. The Volta II plant will be a gigafactory with a capacity of up to 4 GWh, aligning with Lilium's future battery cell needs. This partnership is part of Lilium's strategy to secure multiple sources for cell production to ensure a reliable supply for the Lilium Jet's service entry and beyond. Despite the positive development, LILM shares dropped by 5.77% to $0.8103.

Portfolio Pulse from Lekha Gupta

November 10, 2023 | 4:35 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) stock is trading higher after reporting Q3 financial results that exceeded analyst expectations. The company posted a loss of 16 cents per share, surpassing the estimated loss of 41 cents, and revenue of $43.337 million, beating the $30.388 million estimate by 42.74% and marking a 152% increase year-over-year. Blink Charging raised its full year 2023 revenue target to $128-$133 million, above the $116.63 million estimate. The stock is experiencing high trading volume with over 13 million shares traded, against a 100-day average of 2.183 million shares. BLNK is trending on Yahoo Finance and has a high short interest of 31.67%.

Portfolio Pulse from Erica Kollmann

November 10, 2023 | 4:35 pm

CANO

Cano Health's stock price has declined following the release of their mixed Q3 financial results. The company's performance did not align with market expectations on all fronts, leading to a negative reaction from investors.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:31 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares dropped over 37% after reporting disappointing Q3 results and a going concern warning. Analysts from Oppenheimer, Truist Securities, RBC Capital Markets, and BMO Capital Markets have downgraded their price targets due to challenges such as hydrogen supply shortages, working capital normalization, and the need for external financing. The company's balance sheet is under stress, and there is significant concern about its ability to continue.

Portfolio Pulse from Surbhi Jain

November 10, 2023 | 4:31 pm