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GEO

The GEO Group Inc (NYSE:GEO) reported Q4 FY23 revenue of $608.3 million, surpassing the consensus of $597.5 million. Adjusted EBITDA decreased to $129.0 million from $145.5 million a year ago, while adjusted EPS of $0.29 beat the consensus of $0.18. The company reduced its total net debt by $197.0 million, ending the year with $1.78 billion in total net debt. Cash and cash equivalents were $93.97 million as of December 31, 2023. GEO expects Q1 revenue between $600 million and $610 million, and FY24 net income between $110 million and $125 million, with revenues around $2.4 billion. Shares are up 6.59% at $11.84.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 6:13 pm

WCN

Waste Connections, Inc. (NYSE:WCN) reported Q4 earnings of $1.11 per share, surpassing estimates of $1.09. Sales reached $2.04 billion, exceeding expectations of $2.03 billion. The company anticipates significant growth in 2024, including a 120 basis points EBITDA margin expansion and potential revenue growth from acquisitions. Waste Connections plans to offer senior notes in a public offering. Shares rose 0.3% to $164.63. RBC Capital and BMO Capital raised their price targets for WCN following these results.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 6:13 pm

ABNB

Airbnb's stock (ABNB) is experiencing increased trading activity and higher prices following the release of its Q4 financial results earlier in the week. The movement is attributed to market volatility.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:11 pm

UPXI

Alliance Global Partners analyst Aaron Grey downgraded Upexi (NASDAQ:UPXI) from Buy to Neutral and reduced the price target from $3 to $1.25.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:10 pm

FSLY

Craig-Hallum analyst Jeff Van Rhee downgrades Fastly (NYSE:FSLY) from Buy to Hold and sets a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:07 pm

TSLA

A Delaware judge ruled against Elon Musk's $56 billion compensation plan, creating uncertainty for Tesla Inc (NASDAQ:TSLA). Musk is expected to appeal, with legal proceedings potentially taking six months. The appeal could impact Tesla's future compensation plans and Musk's financial status. Tesla's shares rose 3.74% to $195.76 following the news.

Portfolio Pulse from Chris Katje

February 15, 2024 | 6:07 pm

LCID

TSLA

Lucid Group, Inc. (NASDAQ:LCID) shares rose over 3% after announcing new pricing for its Lucid Air Pure and Air Touring models, along with a $1,000 charging allowance for customers. The price adjustments make the Air Pure and Air Touring more affordable, with the former now starting at $69,900 and the latter at $77,900. This move comes as Lucid's shares have fallen over 40% in the last six months, a steeper decline than Tesla, Inc. (NASDAQ:TSLA). Additionally, Lucid faces scrutiny from the National Highway Traffic Safety Administration (NHTSA) over a recall remedy for its Air Sedans, with concerns that the software update for the high voltage coolant heater may not be sufficient. Lucid is set to report its Q4 2023 financial results on February 21, 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 15, 2024 | 6:03 pm

SPWR

SunPower Corp (NASDAQ:SPWR) reported a Q4 FY23 revenue decline of 28.3% YoY to $356.91 million, missing consensus estimates. The adjusted EPS loss widened to 51 cents, also missing expectations. Despite these results, SPWR's stock price increased after announcing a funding update, including $175 million in new capital financing from TotalEnergies and Global Infrastructure Partners. The company added 16,000 customers but saw declines in adjusted gross margin and EBITDA. SunPower expects a net loss for FY24 but aims to be free cash flow positive in the second half of 2024.

Portfolio Pulse from Anusuya Lahiri

February 15, 2024 | 6:01 pm

GM

In the last three months, 13 analysts have published diverse ratings on General Motors (NYSE:GM), with a mix of bullish to bearish sentiments. The average 12-month price target for GM has been raised to $49.87, up from $48.55. Analysts from firms like Tigress Financial, Wedbush, and Goldman Sachs have adjusted their ratings and price targets, reflecting a nuanced view of GM's market position and financial health. Despite facing challenges like a slight revenue decline and high debt levels, GM's strong net margin, ROE, and ROA indicate solid profitability and financial performance.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 6:01 pm

AMGN

Financial giants have shown a bearish stance on Amgen (NASDAQ:AMGN) through options trading, with 83% of trades being bearish. The trading activity focuses on a price range between $125.0 and $292.5. Amgen, a leader in biotechnology-based human therapeutics, has seen its stock price slightly decrease by -0.68%, currently at $288.1. Analysts have mixed ratings on AMGN, with target prices ranging from $278 to $350. The next earnings report is expected in 70 days.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 6:00 pm