Streetbeat News

HSAI

Hesai Group

https://www.hesaitech.com

Industry

Auto - Parts

Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas. Hesai Group was founded in 2014 and is based in Shanghai, China.

Open

4.48

Mkt cap

524M

Volume

580K

High

4.48

P/E Ratio

-8.76

52-wk high

11.55

Low

4.33

Div yield

N/A

52-wk low

3.28

Shares of companies within the consumer discretionary sector are trading higher due to overall market strength following softer-than-expected July PPI figures, which could alleviate some inflation concerns and boost consumer sentiment outlook.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:44 pm

Loar Holdings Inc. (NYSE:LOAR) reported better-than-expected second-quarter earnings and sales, leading to an 18.2% increase in its stock price. Other notable gainers include iLearningEngines, Inc. (NASDAQ:AILE), Starbucks Corporation (NASDAQ:SBUX), PACS Group, Inc. (NYSE:PACS), Pulse Biosciences, Inc. (NASDAQ:PLSE), and Clean Energy Fuels Corp. (NASDAQ:CLNE), among others.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 3:44 pm

Rumble Inc. (NASDAQ:RUM) shares rose 7.1% in pre-market trading after reporting better-than-expected Q2 financial results. Other notable pre-market movers include Vicinity Motor Corp. (NASDAQ:VEV) up 136.7%, MKDWELL Tech Inc. (NASDAQ:MKDW) up 54.1%, and Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) down 56.4%.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 10:35 am

The U.S. Commerce Department is preparing a proposal to ban Chinese software in autonomous and connected vehicles, citing national security concerns. This move could impact Chinese companies like WeRide Inc. (NASDAQ:HSAI), Baidu (NASDAQ:BIDU), BYD (OTC:BYDDF), NIO (NYSE:NIO), and XPeng Inc. (NYSE:XPEV), which are involved in autonomous driving technology.

Portfolio Pulse from Benzinga Neuro

August 05, 2024 | 7:34 am

Hesai Technology has entered a strategic partnership with Westwell to provide lidar solutions for autonomous driving, industrial robots, heavy machinery, and smart cities.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:31 pm

Baidu has selected Hesai Technology as the exclusive long-range lidar provider for its next-generation robotaxis, with a deal estimated at $200-300 million. This partnership is significant given Baidu's plans to deploy 100,000 robotaxi vehicles in China, a market expected to grow substantially in the coming years.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:07 pm

James Hardie Industries (NYSE:JHX) shares fell 14.3% after reporting worse-than-expected quarterly earnings and sales. JP Morgan downgraded the stock from Overweight to Neutral. Other notable movers include MGO Global (NASDAQ:MGOL) up 194% after Q1 results, and Greenwave Technology Solutions (NASDAQ:GWAV) down 60.5% after reporting a year-over-year decrease in Q1 results.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 5:36 pm

Shares of Larimar Therapeutics (NASDAQ:LRMR) surged 17.6% in pre-market trading after the FDA lifted a partial clinical hold on its nomlabofusp clinical program. Other notable pre-market movers include Edible Garden AG (NASDAQ:EDBL) up 94.5%, MGO Global (NASDAQ:MGOL) up 83.6%, and Meta Materials (NASDAQ:MMAT) up 59.1%. On the downside, Greenwave Technology Solutions (NASDAQ:GWAV) fell 59.2%, Rubicon Technologies (NYSE:RBT) dropped 24.1%, and Palo Alto Networks (NASDAQ:PANW) declined 7.9% despite better-than-expected earnings.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:12 pm

The article highlights the pre-market movements of several consumer discretionary stocks on Tuesday. Notable gainers include MGO Global, Cheetah Net Supply Chain, Serve Robotics, Raytech Holding, Container Store Group, and Tupperware Brands. On the losing side, Barnes & Noble Education, Selina Hospitality, Hesai Group, Color Star Tech, Kaixin Holdings, and Dogness International saw declines.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 12:06 pm

Hesai Group shares are trading lower following their Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:46 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.