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SPWR

SunPower shares are trading lower following the departure of the company's CEO. This leadership change has likely contributed to investor uncertainty, impacting the stock's performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:57 pm

BBAI

BigBear.ai, Inc. (NYSE:BBAI) shares have surged over 50% in the past two days, possibly due to volatility among AI companies following Nvidia's earnings report. Analyst Yi Fu Lee of Cantor Fitzgerald maintained an Overweight rating and a $3 price target. The stock's movement is also attributed to heavy trading volume and a high short interest of 17.97%. BigBear.ai is expected to report Q4 financial results with estimated losses of 5 cents per share and revenue of $41.74 million. The company's past 5-year annualized stock performance is -24.01%, projecting a potential future price of $0.78 based on trend analysis.

Portfolio Pulse from Erica Kollmann

February 27, 2024 | 3:56 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares rose by 7.67% to $21.92 as Bitcoin's price surged above $57,000, marking its highest level in over two years. The increase in Bitcoin's price is attributed to the demand following the approval of spot ETFs and the anticipation of April's halving event. Additionally, CleanSpark announced the completion of its acquisition of three bitcoin mining data centers in Mississippi, which increases its operating hash rate to over 15 exahashes per second. The company has invested over $700 million in infrastructure and job creation around its Georgia facility and plans to extend similar efforts to Mississippi.

Portfolio Pulse from Adam Eckert

February 27, 2024 | 3:55 pm

CARG

CarGurus, Inc. (NASDAQ:CARG) shares fell after reporting Q4 FY23 results with a 22% Y/Y revenue decline to $223.1 million, though it beat the consensus. U.S. Marketplace revenue rose 9%, while Digital Wholesale revenue dropped 66%. Adjusted gross profit and EBITDA saw significant increases. The company repurchased $99.9 million in shares. Q1 FY24 EPS and revenue forecasts are below consensus estimates. The acquisition of CarOffer aims to expand the digital wholesale market presence.

Portfolio Pulse from Lekha Gupta

February 27, 2024 | 3:49 pm

SOUN

Capybara Research released a report on SoundHound AI, criticizing its repeated failures, misuse of NVIDIA's investment, and CEO's misleading statements. The report highlights SoundHound's history of unsuccessful ventures, financial struggles, and attempts to exploit AI hype without substantial business success. It also points out insider selling and concerns over shareholder dilution.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:44 pm

U

Unity Software Inc (NYSE:U) experienced a significant drop in early trading on Tuesday following a higher-than-expected loss for Q4. Analysts from Piper Sandler, Needham, Wedbush, Oppenheimer, and Goldman Sachs provided mixed reviews, adjusting their ratings and price targets based on the company's performance and strategic reset. The reset, aimed at addressing various challenges including competition and market declines, has led to a revised revenue growth outlook and concerns over the company's future performance.

Portfolio Pulse from Priya Nigam

February 27, 2024 | 3:42 pm

LI

Li Auto shares surged following the announcement of better-than-expected Q4 results and a significant year-over-year increase in deliveries.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:36 pm

CEG

Constellation Energy's shares saw an increase following the announcement of their Q4 revenue, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:34 pm

SGRP

SPAR Group, Inc. (NASDAQ:SGRP) has sold its ownership interest in SPAR China, a joint venture based in Shanghai. The financial terms of the sale were not disclosed. The company aims to simplify its operating and financial structure while focusing on its core business in the U.S. and Canada, which has seen significant growth over the last three years.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:31 pm

UBER

Recent options trading activity for Uber Technologies (NYSE:UBER) shows a mixed sentiment among investors, with 46% bullish and 53% bearish. The trades range from $57.5 to $100.0 strike prices, indicating varied expectations for the stock's future price. Uber's current stock price is $78.65, with a volume of 3,433,024 and an RSI suggesting potential overbought conditions. Analysts have given Uber an average target price of $89.6, with ratings ranging from Buy to Overweight. The company operates a technology platform for ridesharing, food delivery, and potentially more, serving over 150 million users across 63 countries.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 3:30 pm