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EVRI

Everi Holdings Inc. (NYSE:EVRI) reported Q4 sales of $192.00 million, missing expectations of $198.46 million, but posted adjusted earnings of 30 cents per share, beating estimates of 20 cents. The company announced a strategic combination with IGT's Gaming and Digital businesses. Shares gained 5.1% to close at $11.86. Analysts from Jefferies and Truist Securities adjusted their price targets and downgraded the stock following the results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:59 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) reported a fiscal 2023 net revenue growth of 27.1% to $891.234 million, missing the consensus estimate of $900.29 million. The net loss per share widened to $(2.30), below the consensus of $(1.61), primarily due to increased investments in growth and expansion, and significant non-cash charges. Operating loss expanded to $(1.343) billion from $(679.55) million in 2022, with net cash used in operating activities totaling $(1.106) billion. Despite these challenges, PLUG launched new products in the energy business and aims to strengthen its financial profile in 2024. PLUG shares dropped 5.95% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

March 01, 2024 | 12:58 pm

GDRX

GoodRx Holdings' shares surged following positive analyst actions. Barclays maintained an Overweight rating and increased the price target from $8 to $9. Additionally, JP Morgan upgraded GoodRx from Neutral to Overweight and raised its price target from $7 to $10.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:56 pm

SATS

EchoStar's shares have declined following the announcement of a decrease in its Q4 earnings per share (EPS) compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:55 pm

SANA

Sana Biotechnology shares are trading higher following the announcement of improved Q4 financial results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:54 pm

EVRI

Truist Securities analyst Barry Jonas downgraded Everi Holdings (NYSE:EVRI) from Buy to Hold and reduced the price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:52 pm

GRBK

Green Brick Partners shares are trading lower following the announcement of Q4 financial results that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:52 pm

ALCE

XEL

The article highlights Alternus Clean Energy Inc (ALCE) and Xcel Energy Inc. (XEL) as the top 2 oversold utilities stocks preparing for a rebound in March. ALCE's strategic alliance with Hover Energy and its significant stock price drop are noted, alongside XEL's potential liability for the Smokehouse Creek Fire and its recent stock decline.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:52 pm

TGLS

Technoglass shares are trading lower following the announcement of Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:51 pm

IGT

Truist Securities analyst Barry Jonas downgraded Intl Game Tech (IGT) from Buy to Hold and reduced the price target from $32 to $30.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:51 pm