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Nasdaq gained over 100 points with U.S. stocks trading higher. Kraft Heinz reported weaker-than-expected sales for its fourth quarter, missing sales expectations but beating earnings estimates. Datasea, Earlyworks, and Brera Holdings saw significant stock price increases, while Azitra, Enviva, and Ohmyhome experienced substantial declines. Enviva is reportedly preparing to file for bankruptcy.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 2:52 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) announced plans to cut its annual operational expenses by over $75 million through layoffs, supply chain optimization, and other cost-reduction measures. The company aims to streamline processes and enhance operational efficiency with automation and digital technologies. Despite the layoffs, affected employees will receive severance packages and career transition support. Plug Power also highlighted recent achievements, including the delivery of liquid hydrogen refuelers and the production of liquid green hydrogen at its Georgia plant, marking it as the largest in the U.S. market. Additionally, Plug Power has secured a contract in Europe for a 500 MW electrolyzer project. Shares of Plug Power rose 2.10% to $4.25.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 2:50 pm

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The article highlights notable value stocks in the utilities sector, focusing on companies with low P/E multiples indicating undervaluation. OPAL Fuels, Cia Energetica DE Minas, Enel Chile, Genie Energy, and TransAlta are featured for their financial performance and dividend yields. Earnings per share and dividend yield changes are detailed for each company, providing insight into their recent financial health.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 2:38 pm

DSX

Diana Shipping Inc. (DSX) has signed contracts for two new Kamsarmax dry bulk vessels with methanol dual fuel capabilities for $46M each, to be built by Tsuneishi Group (Zhoushan) Shipbuilding Inc., China, and delivered by 2027 and 2028. These vessels are designed to meet stringent energy efficiency and GHG emissions standards, capable of operating on methanol or fuel oil, with near-zero GHG emissions when using green methanol. This expansion follows the sale of m/v Artemis, leaving DSX's fleet at 39 vessels with a combined capacity of approximately 4.5 million dwt.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:35 pm

HKD

AMTD Digital has announced a new $20M share repurchase program, signaling confidence in the company's future prospects and potentially increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:34 pm

BTCUSD

ETHUSD

STXUSD

Bitcoin surpassed the $51,000 mark, with Ethereum also seeing gains, trading above $2,700. Stacks emerged as the top gainer over the last 24 hours, while Astar was the biggest loser. The global crypto market cap increased by 2.7% to $1.93 trillion. Other notable gainers include Pyth Network, Sei, Blur, and VeChain, with losers including Litecoin, Injective, Render, and Toncoin.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 2:32 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) shares dropped following Q4 financial results, despite beating revenue estimates with $2.22 billion and reporting adjusted earnings of $0.76 per share. The company also announced a $6 billion share repurchase program. Analyst reactions were mixed, with DA Davidson downgrading the stock to Neutral and setting a price target of $145, while Needham maintained a Buy rating and raised the price target to $160.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 2:31 pm

TOL

Over the past 5 years, Toll Brothers (NYSE:TOL) has outperformed the market with an annualized return of 22.19%, turning a $1000 investment into $2,723.38 today. The company's market capitalization stands at $10.53 billion.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 2:30 pm

JPM

Over the past 10 years, JPMorgan Chase (NYSE:JPM) has produced an average annual return of 11.56%, outperforming the market by 1.14% on an annualized basis. With a current market capitalization of $502.56 billion, a $1000 investment in JPM stock a decade ago would be worth $2,986.84 today.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 2:30 pm

GNRC

Generac Holdings Inc. (NYSE:GNRC) shares fell in premarket trading after reporting Q4 earnings and revenue that missed analyst expectations. The company posted adjusted earnings of $2.07 per share versus the consensus of $2.08, and revenue of $1.064 billion against expectations of $1.094 billion. Despite a year-over-year net sales increase of 1% and improvements in gross profit margin, the company's full-year 2024 net sales growth guidance of 3% to 7% also fell short of the consensus. Generac announced a new stock repurchase program of up to $500 million over the next 24 months.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 2:26 pm