Streetbeat News

CDZI

Cadiz Inc.

https://www.cadizinc.com

Industry

Regulated Water

Cadiz Inc., together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County. It is also involved in the cultivation of lemons, and spring and fall plantings of vegetables and grains. Cadiz Inc. was founded in 1983 and is headquartered in Los Angeles, California.

Open

3.32

Mkt cap

250M

Volume

627K

High

3.49

P/E Ratio

-6.38

52-wk high

3.85

Low

3.27

Div yield

N/A

52-wk low

2.12

Cadiz, Inc. (NASDAQ:CDZI) has signed a Letter of Intent to provide 75,000 acre-feet of water supply to the City of Hesperia, supporting sustainable growth and groundwater recharge in the Mojave River Basin.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 12:36 pm

Cadiz Inc.'s subsidiary, ATEC Water Systems, has been awarded a $5.2 million contract, leading to an increase in ATEC's FY24 revenue forecast from $12 million to $15 million.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:02 pm

Cadiz, Inc. has partnered with MZ Group to enhance its investor relations and financial communications strategy. This move comes at a critical inflection point under the new leadership of Susan Kennedy, highlighted by significant permitting and contracting milestones. Additionally, a recent Form 4 filing revealed the CEO's purchase of Cadiz shares, aligning interests with shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:30 pm

Cadiz Inc. has entered into a water supply agreement with Solstra Communities to support housing for 4,000 Central Coast working families near Vandenberg Space Force Base. The water will be supplied by Cadiz through exchanges with regional water contractors using its Northern Pipeline.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

Cadiz Inc. (CDZI) reported a Q4 EPS loss of $(0.12), an improvement from $(0.15) YoY. Sales increased to $684K from $574K YoY, marking a 19.16% growth.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:55 am

Cadiz Inc. (CDZI) and Heerema IGS have entered into a financing agreement where Heerema will acquire a $21.2 million Senior Secured Loan and provide an additional $20 million to fund Cadiz's capital investments for revenue generation, operations, and growth.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:41 pm

Cadiz Inc. has appointed Susan Kennedy as its new CEO, effective January 1, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:21 pm

Insiders at four companies have recently made notable purchases of their own company's stock. Cadiz Inc. CEO Susan P Kennedy bought 6,762 shares at $2.81 each. Lument Finance Trust President James Henson acquired 15,000 shares at $2.37 each. Retractable Technologies President and CEO Thomas J Shaw purchased 5,522 shares at $1.09 each. Sharps Technology Director Timothy J. Ruemler bought 9,466 shares at $0.40 each. These transactions can signal insider confidence and may influence investor decisions regarding penny stocks.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 11:55 am

The U.S. Bureau of Land Management (BLM) has approved the assignment of a Mineral Leasing Act right-of-way (ROW) grant to Cadiz Inc. for the company's Northern Pipeline. This approval finalizes Cadiz's acquisition of the 220-mile pipeline from El Paso Natural Gas (EPNG) and enables the company to proceed with project development. The pipeline is central to Cadiz's clean water and energy initiatives, including green hydrogen and low-emission generation projects.

Portfolio Pulse from Benzinga Newsdesk

December 16, 2023 | 11:33 pm

Cadiz, Inc. (NASDAQ: CDZI/CDZIP) has entered into a binding agreement with San Bernardino County, Santa Margarita Water District (SMWD) and Fenner Gap Mutual Water Company to provide priority rights to water supply from the Cadiz Water Conservation and Storage Project (Cadiz Project) to public water systems serving San Bernardino County communities. The agreement amends a 2012 MOU and requires Cadiz to offer binding agreements for water supply from the Cadiz Project to public water systems serving San Bernardino County residents prior to exporting water for beneficial use outside of San Bernardino County.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:10 pm

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