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FSR

Fisker Inc (NYSE:FSR) shares are rising after announcing momentum in its new Dealer Partnership model, with over 100 dealers interested in partnering. The company expects to sell all remaining 2023 vehicles by the end of Q1 and anticipates significant cash generation from these sales. Fisker also reported a reduction in its outstanding debt under its 2025 convertible notes by $185.5 million, decreasing the total debt from $510 million to $324.5 million.

Portfolio Pulse from Adam Eckert

January 23, 2024 | 1:57 pm

RBLX

Benchmark analyst Mike Hickey has reiterated a Buy rating on Roblox Corporation (NYSE:RBLX) and maintained a price target of $46.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:55 pm

DTSS

Trading for DTSS was halted and then resumed at 8:55 AM ET, with updated quotation resumption times following the release of news.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:55 pm

FSR

Fisker Inc. shares have risen following a business update where the company announced its expectation to sell most of its current vehicle inventory before the end of Q1. This positive outlook on sales performance is likely driving investor optimism.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:54 pm

AGYS

Ramesh Srinivasan, President and CEO of Agilysys, has indicated his intention to adopt a stock trading plan, with plans to sell up to 300,000 shares of Agilysys common stock. The majority, if not all, of these shares are expected to be issued upon his exercise of stock-settled appreciation rights, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:51 pm

NTES

NetEase shares are trading higher following the removal of draft rules by China's gaming regulator from its website. These rules were intended to limit spending and rewards that encourage video game playing, which could have negatively impacted gaming companies like NetEase.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:49 pm

NTES

TCEHY

China's gaming regulator has removed proposed video game rules from its website, leading to a rise in shares of gaming companies. The draft rules aimed to curb spending and rewards in video games, causing market turmoil when announced. The removal suggests potential revisions, with analysts expecting contentious articles to be changed or removed. Shares of Tencent Holdings and NetEase rose significantly, outperforming the Hang Seng Index.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:48 pm

SGMT

JMP Securities analyst Jonathan Wolleben has maintained a Market Outperform rating on Sagimet Biosciences (NASDAQ:SGMT) and increased the price target from $31 to $47, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:45 pm

BLK

CSIQ

Recurrent Energy, a subsidiary of Canadian Solar Inc. (CSIQ), has secured a $500 million investment from BlackRock (BLK) to expand its renewable energy platform. The investment represents 20% of Recurrent Energy's shares on a fully diluted basis. Canadian Solar will retain the majority ownership. The capital will help Recurrent Energy grow its project pipeline and transition to a long-term owner and operator, particularly in the U.S. and Europe. The company has a significant development pipeline and expects to have substantial solar and storage operations by 2026. The transaction excludes certain regions and is subject to regulatory approvals. BlackRock's investment is from its Climate Infrastructure fund, aligning with the global trend towards renewable energy, with solar capacity expected to triple by 2027.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:45 pm

RDFN

Redfin (NYSE:RDFN) has experienced a 10.63% increase in short interest since its last report, with 21.84 million shares sold short, representing 28.11% of its float. The current short interest suggests a bearish market sentiment, as it takes an average of 3.2 days for traders to cover their short positions. Redfin's short interest is significantly higher than its peer group average of 6.04%. While high short interest can indicate potential downward pressure on a stock, it can also be a bullish sign if investors expect a short squeeze.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 1:45 pm