Cadiz (NASDAQ:CDZI) Stock, Quote.Headers.trade-ideas

Cadiz

Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.

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CDZI

Archer Daniels Midland (NYSE: ADM) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.

Archer Daniels Midland Q2 Earnings and Revenues Miss Estimates

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The Dow Jones index closed higher by around 10 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Retractable Technologies And 3 Other Stocks Under $3 Insiders Are Buying

Cadiz Inc

Cadiz And Lytton Rancheria of California Sign LOI For Lytton To Invest Up To $50M In Co.'s Groundwater Banking Project In The Mojave Desert

Steel from terminated Keystone XL Pipeline Project to be repurposed for water delivery as Company prepares for construction of groundwater banking project
LOS ANGELES, Nov. 12, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>) (the "Company" or "Cadiz") announced today that it has entered into an agreement to purchase 180-miles of steel pipe from the terminated Keystone XL Pipeline Project. The Company plans to use the steel pipe for the construction of a pipeline network connecting the Company's groundwater bank in the Mojave Desert to major water networks in the Southwestern U.S. The 180 miles of new steel pipe will be added to the Company's expansive portfolio of pipeline assets, including 220 miles of existing pipeline acquired by the Company from El Paso Natural Gas in 2021. The 180 miles of new steel pipe will be used to expand the Company's pipeline network creating the largest new groundwater bank in the Southwest. The Company plans to begin construction in 2025.
&nbsp;
In October, the Company announced it had entered into a letter of intent (the "LOI") with a non-profit investment fund ("Fund') for a prospective investment up to $150 million for the construction, ownership, and operation of the Mojave Groundwater Bank. Under the terms of the&nbsp;LOI, the Fund along with other non-profit and public sector investors, including federally recognized Native American Tribes, will provide up to $401 million of equity capital to acquire assets and fund the construction of facilities for the Mojave Groundwater Bank, presently estimated in the amount of $800 million. The parties will coordinate to seek available grant funding for any remaining construction costs.
For additional details regarding the Company's agreement for the purchase of the steel pipe assets, please refer to its Current Report on Form 8-K filed with the SEC today, November 12, 2024.

Contracts

Cadiz Has Entered Into An Agreement To Purchase 180-Miles Of Steel Pipe From The Terminated Keystone XL Pipeline Project

Offerings

Cadiz Enters Into A $23.38M Placement Agent Agreement For The Purchase And Sale Of An Aggregate Of 7M Shares Of Its Common Stock In A Registered Direct Offering At A Price Of $3.34 Per Share

Hydrogen facility at Cadiz Ranch site to use 100% solar power to produce 50 tons of green hydrogen per day to fuel zero-emission trucks, cars and electricity
LOS ANGELES, Oct. 23, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>), a California water solutions company, and RIC Energy, a global renewable energy company, announced today they have entered into an agreement to build California's largest green hydrogen facility at Cadiz Ranch in the Mojave Desert. Under the agreement, Cadiz will supply land and water to RIC Energy for the creation of industrial quantities of 100% green hydrogen using solar energy. Rail lines, pipelines and interstate highways that intersect Cadiz Ranch will deliver green hydrogen to Southern California markets to fuel zero-emission trucks, cars and electric generation.

Cadiz And RIC Energy Partner To Build The Largest Hydrogen Production Facility In California; Hydrogen Facility At Cadiz Ranch Site To Use 100% Solar Power To Produce 50 Tons Of Green Hydrogen Per Day To Fuel Zero-Emission Trucks, Cars And Electricity

Cadiz's ATEC Water Systems Secures $1.6M In New Contracts For Arsenic, Iron, And Manganese Filtration Systems, With Deliveries Set For 2025

Management

Cadiz Appoints Cathryn Rivera As COO To Lead Execution Of Groundbreaking Groundwater Banking Project And Expansion Of Water Treatment Technologies, Effective September 16, 2024

WIIM

Cadiz shares are trading higher after the company announced it secured water purchase agreements for 85% capacity of its Northern Pipeline.

umulative total acre-feet per year under contract for delivery via the Northern Pipeline to 21,275 acre-feet per year.
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Under the five water supply agreements signed so far this year, the Project is expected to deliver an annual supply of water under "take-or-pay" contracts over 40 – 50 years.&nbsp; The Northern Pipeline, which stretches approximately 220-miles northwest from Cadiz, California through San Bernardino and Kern Counties, has a total capacity of 25,000 AFY and is capable of serving remote desert and Inland Empire communities that currently rely upon imported water from Northern California through the California State Water Project.

Cadiz Secures Water Purchase Agreements For 85% Capacity Of "Northern Pipeline"

Archer Daniels Midland (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adm#NYSE">ADM</a>) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -16.26%. A quarter ago, it was expected that this agribusiness giant would post earnings of $1.35 per share when it actually produced earnings of $1.46, delivering a surprise of 8.15%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
ADM, which belongs to the Zacks Agriculture - Operations industry, posted revenues of $22.25 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.08%. This compares to year-ago revenues of $25.19 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
ADM shares have lost about 12.4% since the beginning of the year versus the S&amp;P 500&#39;s gain of 14.5%.
What&#39;s Next for ADM?
While ADM has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ADM: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.40 on $21.12 billion in revenues for the coming quarter and $5.54 on $88.71 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Agriculture - Operations is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Cadiz (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdzi#NASDAQ">CDZI</a>), is yet to report results for the quarter ended June 2024.
This renewable resource company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +23.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Cadiz&#39;s revenues are expected to be $4 million, up 393.8% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2311602/archer-daniels-midland-adm-q2-earnings-and-revenues-miss-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2311602">To read this article on Zacks.com click here.</a>

As of July 23, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">National Fuel Gas Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>)</h3>
<ul>
<li>On July 12, Scotiabank analyst Cameron Bean maintained National Fuel Gas with a Sector Outperform rating and raised the price target from $75 to $80. The company's stock gained around 4% over the past month and has a <a href="https://www.benzinga.com/quote/NFG">52-week high of $58.60</a>.</li>
<li>RSI Value: 70.48&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NFG Price Action: Shares of National Fuel Gas gained 1.4% to close at $58.29 on Monday.</li>
</ul>
<h3 class="wp-block-heading">Cadiz Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>)</h3>
<ul>
<li>On July 18, Cadiz said its operating subsidiary ATEC Water Systems, LLC secured three additional sales contracts for iron and manganese filtration systems totaling an expected $1.5 million in sales revenue. The company's stock gained around 20% over the past month and <a href="https://www.benzinga.com/quote/CDZI">has a 52-week high</a> of $4.30.</li>
<li>RSI Value: 71.99</li>
<li>CDZI Price Action: Shares of Cadiz rose 0.3% to close at $3.68 on Monday.</li>
</ul>
Read This: 
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<li><a href="https://www.benzinga.com/news/24/07/39881526/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></li>
</ul>

Filters will provide iron and manganese treatment for groundwater in Wisconsin, Nevada and Washington cleaning water supply for a variety of communities
LOS ANGELES, July 18, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>) ("Cadiz" or the "Company"), a California water solutions company, today announced the Company's operating subsidiary ATEC Water Systems, LLC ("ATEC") secured three additional sales contracts for iron and manganese filtration systems totaling an expected $1.5 million in sales revenue.

Cadiz's ATEC Water Systems Secures 3 New Sales Contracts Expected To Add $1.5M In 2024 Revenues

Cadiz Plans Expansion With New 50-Year Water Delivery Partnership, Inks Pact With The Santa Margarita Water District To Deliver Water From The Cadiz Water Supply And Storage Project Through Company's Northern Pipeline

75,000 acre-feet of water supply will support sustainable growth and groundwater recharge in the Mojave River Basin.
LOS ANGELES and HESPERIA, Calif., June 10, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>) ("Cadiz" or the "Company"), announced that on June 5th the Company signed a Letter of Intent ("LOI") to provide 75,000 acre-feet of water supply to the City of Hesperia as part of the Company's commitment to the "One Water" Initiative in San Bernardino County's Mojave River Basin.

Cadiz Signs LOI To Provide 75K Acre-Feet Of Water Supply To The City Of Hesperia

Guidance

Cadiz Subsidiary ATEC Water Systems, Awarded $5.2M Contract; Increases ATEC's FY24 Revenue Forecast From $12M To $15M

Company's Critical Inflection Point Under Susan Kennedy's New Leadership Drives Expansion of Investor Communications
Recent Form 4 Filing Disclosed CEO's Purchase of Shares of CDZI to Align with Shareholders
LOS ANGELES, May 9, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>, CDZIP)))) ("Cadiz" or the "Company"), a California water solutions company, has engaged international investor relations specialists MZ Group ("MZ") to lead a comprehensive strategic investor relations and financial communications program across all key markets at a pivotal inflection point for the Company. Several key developments over the last six months demonstrate this inflection point including critical permitting and contracting milestones in the development of water and infrastructure assets.
MZ Group will work closely with Cadiz management to develop and implement a capital markets strategy designed to increase the Company's visibility throughout the investment community.

Cadiz Engages MZ Group To Enhance Strategic Investor Relations Program

Innovative "Solomon Hills"&nbsp;project will support 4,000 Central Coast working families near Vandenberg Space Force Base

Cadiz Announces Water Supply Agreement With Solstra Communities To Support Housing In Santa Barbara County; Water Supply From Cadiz Delivered Through Exchanges Of Water With Regional Water Contractors Using Its Northern Pipeline

Cadiz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>) reported quarterly losses of $(0.12) per share. This is a 20 percent increase over losses of $(0.15) per share from the same period last year. The company reported $684.00 thousand in sales this quarter. This is a 19.16 percent increase over sales of $574.00 thousand the same period last year.

Cadiz Q4 EPS $(0.12) Up From $(0.15) YoY, Sales $684.00K Up From $574.00K YoY

Heerema to acquire $21.2 million Senior Secured Loan and provide the Company an additional $20 million to fund capital investments for revenue generation, operations and growth.

Financing

Cadiz And Heerema IGS Announce Financing Agreement; Heerema To Acquire $21.2M Senior Secured Loan And Provide Additional $20M

Cadiz Appoints Susan Kennedy As CEO, Effective Jan. 1

The Dow Jones index closed higher by around 10 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Cadiz </h3>
<ul>
<li>The Trade: Cadiz Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdzi#NASDAQ">CDZI</a>) CEO Susan P Kennedy <a href="https://www.benzinga.com/quote/CDZI/analyst-ratings"> acquired a total of 6,762 shares </a> an average price of $2.81. To acquire these shares, it cost around $18,999.</li>
<li>What&rsquo;s Happening: Cadiz, during November, signed agreement with San Bernardino County and water project agencies to reserve water supply for desert communities.</li>
<li>What Cadiz Does: Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture.</li>
</ul>
<h3>Lument Finance Trust</h3>
<ul>
<li>The Trade: Lument Finance Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lft#NYSE">LFT</a>) President James Henson <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 15,000 shares at </a> at an average price of $2.37. To acquire these shares, it cost around $35,572.</li>
<li>What&rsquo;s Happening: Lument Finance Trust, during November, reported its third quarter distributable earnings of $6.0 million, or 11 cents per share.</li>
<li>What Lument Finance Trust Does: Lument Finance Trust Inc operates as a real estate investment trust. The company is engaged in investment, financing, and management of a portfolio of commercial real estate debt investments.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36489301/wall-streets-most-accurate-analysts-say-buy-these-3-energy-stocks-delivering-high-divide"> Wall Street&#39;s Most Accurate Analysts Say Buy These 3 Energy Stocks Delivering High-Dividend Yields </a>
<h3>Retractable Technologies </h3>
<ul>
<li>The Trade: Retractable Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rvp#NYSE">RVP</a>) President and CEO Thomas J Shaw <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 5,522 shares </a> at an average price of $1.09. The insider spent around $6,019 to buy those shares.</li>
<li>What&rsquo;s Happening: On Nov. 14, Retractable Technologies reported that its loss from operations was $8.7 million for the first nine months of 2023.</li>
<li>What Retractable Technologies Does: Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.</li>
</ul>
<h3>Sharps Technology </h3>
<ul>
<li>The Trade: Sharps Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stss#NASDAQ">STSS</a>) Director Timothy J. Ruemler <a href="https://www.benzinga.com/quote/STSS/analyst-ratings"> acquired a total of 9,466 shares </a> at an average price of $0.40. The insider spent around $3,786 to buy those shares.</li>
<li>What&rsquo;s Happening: The company&rsquo;s stock fell around 17% over the past month.</li>
<li>What Sharps Technology Does: Sharps Technology Inc is a medical device company. It offers syringes and other safety products.</li>
</ul>

Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

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