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SFIX

Stitch Fix shares are trading lower after a surge following its recent Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 6:55 pm

FRZA

Forza X1 shares are up following the announcement of an initial purchase order from OneWater Marine for 100 units of the company's 22-foot electric monohull boat, worth approximately $12 million.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 6:53 pm

NKLA

Nikola shares are trading higher after shareholders reportedly rejected the company's proposal to issue more stock shares.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 6:51 pm

PBTS

Powerbridge Technologies announced a 1-for-30 share consolidation, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 6:50 pm

RXO

Susquehanna Financial Group analyst Bascome Majors initiated coverage on RXO Inc (NYSE:RXO) with a Neutral rating and a $20 price target. Majors praised RXO's growth during the pandemic, robust balance sheet, and healthy FCF conversion rate, which offers potential for share repurchases. The analyst expects RXO management to boost financials and investor credibility to sail through its first freight recession as a standalone company.

Portfolio Pulse from Lekha Gupta

June 09, 2023 | 6:48 pm

FCEL

FuelCell Energy Inc (FCEL) shares are down 3.25% after the company reported Q2 FY23 revenues of $38.35 million, surpassing estimates, but also disclosed a wider EPS loss of 9 cents and an expanded operating loss of $35.86 million.

Portfolio Pulse from Henry Khederian

June 09, 2023 | 6:46 pm

BYND

Beyond Meat (BYND) shares are trading lower by 8.46% amid profit taking after the stock gained on Thursday. The stock's rise may have been due to a short squeeze, with 43.07% of shares sold short.

Portfolio Pulse from Henry Khederian

June 09, 2023 | 6:44 pm

SHAK

Shake Shack has shown impressive margin progression in the last two quarters, driven by better staffing and fewer margin dilutive third-party delivery orders. TD Cowen analyst Andrew Charles reiterated a Market Perform rating on Shake Shack with a price target of $75. The company reported strong Q1 earnings, with revenue of $253.28 million and an adjusted pro forma EPS loss of $(0.01).

Portfolio Pulse from Shivani Kumaresan

June 09, 2023 | 6:44 pm

DOCU

DocuSign reported positive 1Q FY24 results, beating subscription revenue estimates and showing improved execution. Analysts from Needham, JMP Securities, Wedbush, and Oppenheimer provided mixed ratings and price targets, with some appreciating the company's growth strategy and new leadership, while others remain cautious due to weak billings guidance and challenging demand environment.

Portfolio Pulse from Anusuya Lahiri

June 09, 2023 | 6:40 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) hosted a management meeting discussing monetization initiatives, network integration, and margin-enhancing initiatives. Analysts from Wedbush, Stephens & Co, and RBC Capital reiterated their price targets for the company.

Portfolio Pulse from Anusuya Lahiri

June 09, 2023 | 6:33 pm