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FSLR

RUN

SEDG

SPWR

Shares of solar companies are trading higher on reports of lawmakers pushing for an investigation into Chinese solar companies.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:10 pm

NVAX

Novavax shares are trading higher after the company announced that its COVID-19 vaccine for the JN.1 variant is effective against newer strains.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:09 pm

HPE

Hewlett Packard Enterprise shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:03 pm

SFIX

Stitch Fix, Inc. (NASDAQ:SFIX) shares surged after the company reported better-than-expected quarterly earnings and issued optimistic fiscal-year guidance. The company posted a smaller-than-expected loss per share and higher-than-expected sales, with a 16% year-over-year increase in sales. Analysts have adjusted their price targets following the announcement.

Portfolio Pulse from Dylan Berman

June 05, 2024 | 4:02 pm

DLO

13 analysts have provided mixed opinions on DLocal (NASDAQ:DLO) over the past quarter, with a range of ratings from bullish to bearish. The average 12-month price target has decreased by 12.08% to $16.81. Analysts have recently lowered their price targets, reflecting changing market dynamics and company performance. DLocal has shown strong revenue growth and profitability but faces challenges in return on equity.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 4:01 pm

Over the past three months, four analysts have evaluated XP Inc. (NASDAQ:XP), with ratings ranging from bullish to indifferent. The average 12-month price target has declined by 12.71% to $25.75. Analysts from Citigroup, Goldman Sachs, and Morgan Stanley have adjusted their ratings and price targets, reflecting evolving market conditions and company performance. XP has shown strong revenue growth and profitability but faces challenges with asset returns and high debt levels.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 4:00 pm

HJEN

HYDR

PLUG

Plug Power (NASDAQ:PLUG) shares fell 6% following a call for a government investigation into a $1.66 billion loan guarantee. Concerns were raised about potential conflicts of interest and the company's financial stability. The stock has lost over 29% in the last six months.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 4:00 pm

AIT

Applied Industrial Techs (NYSE:AIT) has significantly outperformed the market over the past 20 years, delivering an average annual return of 14.52%. A $100 investment in AIT 20 years ago would be worth $1,504.43 today. The company currently has a market capitalization of $7.19 billion.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 4:00 pm

APO

Apollo Global Management (NYSE:APO) has significantly outperformed the market over the past 5 years, delivering an average annual return of 28.65%. A $1000 investment in APO 5 years ago would now be worth $3,534.08. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 4:00 pm

ASNS

MITQ

SGRP

SILO

VLCN

WKME

U.S. stocks traded higher with the Nasdaq Composite surging over 1% on Wednesday. The ISM services PMI climbed to 53.8 in May, the highest level in nine months. Actelis Networks, Inc. (ASNS) shares shot up 655% after announcing orders for cyber-hardened networking technology. Moving iMage Technologies, Inc. (MITQ) surged 64% after being awarded a multi-million dollar contract. WalkMe Ltd. (WKME) gained 42% after announcing it will be acquired by SAP. Silo Pharma, Inc. (SILO) dropped 31% following a $2 million registered direct offering. Volcon, Inc. (VLCN) fell 19% after announcing a 1-for-100 reverse stock split. SPAR Group, Inc. (SGRP) declined 22% after entering a letter of intent to go private.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 4:00 pm