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ECLN

PUI

WEC

WEC Energy Group, Inc. (NYSE:WEC) shares rose after announcing the acquisition of a 90% stake in the Delilah I Solar Energy Center for $459 million. The 300-megawatt project, part of the Samson & Delilah solar portfolio, is located near Dallas, Texas, with operations expected to start by end of June. This acquisition underscores WEC's commitment to investing in clean energy. The company is also set to release its first-quarter FY24 earnings on May 1. Investors can also gain exposure to WEC through Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) and First Trust EIP Carbon Impact ETF (NYSE:ECLN).

Portfolio Pulse from Lekha Gupta

April 29, 2024 | 5:13 pm

ARLP

Alliance Resource Partners' shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company reaffirmed its guidance for FY24, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:11 pm

SNAP

Snap, Inc. (NASDAQ:SNAP) shares surged over 30% in the past five days following better-than-expected Q1 results, with daily active users growing to over 422 million. Analysts from Truist Securities, Goldman Sachs, RBC Capital, Barclays, and Wells Fargo raised their price targets on SNAP stock. The stock's RSI of 89.64 indicates overbought conditions.

Portfolio Pulse from Erica Kollmann

April 29, 2024 | 5:10 pm

CTEX

TAN

Daqo New Energy Corp. (NYSE:DQ) shares fell after missing Q1 FY24 EPS and sales estimates, with revenue and gross profit significantly lower than the previous year. Despite higher production volume, the company's polysilicon average selling price and margins declined. Daqo Energy maintains its production forecast for FY24 and plans to start pilot production at its new facility in Q2 2024. The stock's movement can impact investors in Invesco Solar ETF (NYSE:TAN) and ProShares S&P Kensho Cleantech ETF (NYSE:CTEX).

Portfolio Pulse from Lekha Gupta

April 29, 2024 | 5:08 pm

GEV

GE Vernova's stock price increased following B of A Securities' decision to maintain a Neutral rating while raising its price target from $150 to $160.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:05 pm

ADXN

ANVS

CLVR

DCPH

Clever Leaves Holdings Inc. announced its decision to voluntarily delist from Nasdaq, causing a 60% drop in its shares. Other stocks moved significantly in Monday's session, with Deciphera Pharmaceuticals surging 73% after an acquisition announcement, and various companies like Collective Audience and ImmunityBio also seeing substantial gains. Losers included Annovis Bio, down 57% after disappointing trial results, and Addex Therapeutics, falling 48.8% due to a failed epilepsy study.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 5:04 pm

ORCL

Deep-pocketed investors have shown a bullish sentiment towards Oracle (NYSE:ORCL), with significant options activity detected by Benzinga. The activity includes both puts and calls with a target price range of $100.0 to $125.0. The volume and open interest in Oracle's options have been analyzed, indicating a strategic interest in the stock's future movement. Oracle's current stock price is down -0.89% at $116.17, with the next earnings report expected in 42 days. The RSI indicators suggest the stock may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 5:01 pm

HUBS

Over the past 5 years, HubSpot (NYSE:HUBS) has outperformed the market with an annualized return of 16.73%, averaging 28.38% annually. A $1000 investment in HUBS 5 years ago would now be worth $3,578.68. HubSpot's market capitalization stands at $32.58 billion.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 5:00 pm

XPO

Over the past 10 years, XPO (NYSE:XPO) has outperformed the market with an annualized return of 18.45%, averaging 29.02% annually. A $1000 investment in XPO a decade ago would now be worth $12,341.15, showcasing the impact of compounded returns on investment growth. XPO's current market capitalization stands at $12.89 billion.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 5:00 pm

DAL

IYC

JPM

The CNBC Halftime Report featured final trade recommendations including JP Morgan Chase & Co. (JPM), Delta Air Lines (DAL), and the iShares U.S. Consumer Discretionary ETF (IYC). These picks highlight areas of potential growth or value as identified by the analysts on the show.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:00 pm