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FCEL

PLUG

SHIM

SPWR

In Tuesday's intraday session, notable movements were observed in the industrials sector with SunPower, FuelCell Energy, and Plug Power leading the gains, while Shimmick, JanOne, and Nano Nuclear Energy were among the top losers. SunPower saw a significant rise of 66.4%, while Shimmick experienced a notable drop of 25.6%. These movements reflect the dynamic nature of the market and the specific factors influencing these companies.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 4:31 pm

INTC

Deep-pocketed investors are showing a bullish sentiment towards Intel (NASDAQ:INTC), with a significant move in options activity detected by Benzinga. The activity includes 15 extraordinary options trades, with a bullish majority of 73%. The targeted price range for Intel is between $20.0 to $60.0. Notable options activity includes both puts and calls with varying sentiments and strike prices. Intel's current stock price is up by 1.38%, with a neutral RSI, indicating a balanced market position.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 4:31 pm

HOLO

INTZ

JAMF

LIDR

LINK

LPSN

MAXN

MTC

Information Technology stocks showed significant movement in Tuesday's intraday session, with notable gainers including MMTEC, Maxeon Solar Technologies, Interlink Electronics, MicroCloud Hologram, Intrusion, and LivePerson, experiencing increases ranging from 20.4% to 53.6%. On the downside, AEye, Jamf Holding, Taoping, CVD Equipment, WaveDancer, and Auddia saw declines between 10.06% and 17.7%. Earnings releases played a role in the price movements for several companies.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 4:31 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares rose after announcing a conditional loan commitment of up to $1.66 billion from the U.S. Department of Energy to finance green hydrogen plants. This development comes after disappointing Q1 results and concerns over the need for dilutive financing. Analyst Bill Peterson of JPMorgan maintains a Neutral rating on PLUG, citing the loan as a key de-risking event that could reaccelerate growth if finalized. Near-term catalysts include loan approval, project funding, margin improvements, and final 45V tax credit guidance.

Portfolio Pulse from Priya Nigam

May 14, 2024 | 4:30 pm

VRT

Vertiv Hldgs (NYSE:VRT) has significantly outperformed the market, with an annualized return of 57.32% over the past 5 years, turning a $100 investment into $962.57 today. The company now boasts a market capitalization of $36.41 billion.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 4:30 pm

ON Semiconductor (NASDAQ:ON) has significantly outperformed the market with an average annual return of 24.18% over the past 10 years, turning a $100 investment into $856.36 today. The company's market capitalization stands at $31.57 billion.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 4:30 pm

LOAR

Loar Holdings shares are trading higher following the announcement of a year-over-year increase in Q1 net sales results and the issuance of FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:23 pm

NKE

Traders are closely monitoring Nike following news that its subsidiary, Converse, is cutting jobs as part of Nike's broader cost-cutting strategy.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:20 pm

AMC

GME

GameStop Corporation (NYSE:GME) shares surged as Keith Gill, aka Roaring Kitty, returned to social media, reminiscent of the 2021 rally. High short interest over 24% and a significant price move resulted in a $1.43 billion loss for short sellers in May. AMC Entertainment Holdings (NYSE:AMC) also saw increased interest and price movement, with short interest at 19.0% and short sellers currently showing a profit, though this could change with ongoing price increases.

Portfolio Pulse from Chris Katje

May 14, 2024 | 4:19 pm

UBER

On CNBC, Jason Snipe disclosed his recent purchase of additional Uber shares, signaling his positive outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:16 pm