Latest news for Apollo Power (OTC:INVTF) Stock

Apollo Power Ltd through SolarPaint develops solar energy technologies.

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Apollo Power Ltd

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.61 by 13.11 percent. This is a 76.92 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $758.000 million which beat the analyst consensus estimate of $715.055 million by 6.01 percent. This is a 16.98 percent increase over sales of $648.000 million the same period last year.

Earnings

Earnings Beats

News

Portland Gen Electric Q2 2024 GAAP EPS $0.69 Beats $0.61 Estimate, Sales $758.000M Beat $715.055M Estimate

Needham analyst James Ricchiuti maintains Plexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) with a Buy and raises the price target from $114 to $144.

Price Target

Analyst Ratings

PLXS

Needham Maintains Buy on Plexus, Raises Price Target to $144

Guidance

Carter's Sees FY24 Sales Of $2.785B -$2.825B Vs. $2.92B Est; Adj EPS Of $4.60 - $5.05 Vs. $6.2 Est.

Piper Sandler analyst Brad Capuzzi initiates coverage on AG Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MITT#NYSE">MITT</a>) with a Overweight rating and announces Price Target of $9.

Initiation

MITT

Piper Sandler Initiates Coverage On AG Mortgage IT with Overweight Rating, Announces Price Target of $9

Needham analyst James Ricchiuti maintains Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) with a Buy and raises the price target from $68 to $79.

BELFB

Needham Maintains Buy on Bel Fuse, Raises Price Target to $79

Carter's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.49 by 55.1 percent. This is a 18.75 percent increase over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $564.40 million which missed the analyst consensus estimate of $568.16 million by 0.66 percent. This is a 5.96 percent decrease over sales of $600.20 million the same period last year.

Earnings Misses

Carter's Q2 Adj $0.76 Beats $0.49 Estimate, Sales $564.40M Miss $568.16M Estimate

Amid Boeing Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) <a href="https://www.benzinga.com/markets/equities/24/06/39384624/boeings-search-for-new-ceo-persists-as-calhoun-faces-congressional-hearing">ongoing CEO search</a>, Stephanie Pope, the internal favorite for the position, has taken the spotlight at the Farnborough International Airshow.
What Happened: Pope, who currently heads Boeing&#8217;s commercial airplane unit, has been actively engaging with customers and journalists at the airshow, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-26/boeing-s-pope-makes-mark-at-aviation-show-as-ceo-search-heats-up">reported</a> on Thursday. This move has been seen as an attempt to bolster her case for the top job at the embattled aerospace company.
Boeing is currently grappling with a series of crises, including financial instability, and trust issues with regulators and the public. The company&#8217;s board is under pressure to appoint a leader who can navigate these challenges.
Pope, 52, has been working to stabilize Boeing&#8217;s factory operations in Seattle, where the majority of the company&#8217;s manufacturing activities are based. She was appointed to lead the planemaking unit in March, <a href="https://www.benzinga.com/news/24/05/38906756/boeings-outgoing-ceo-dave-calhoun-reelected-to-board-despite-safety-concerns-at-company">coinciding with the announcement of current CEO</a> Dave Calhoun&#8216;s impending departure.
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39947663/peter-schiff-says-americans-are-broke-points-to-fords-dismal-q2-profit-they-cant-afford-to-buy-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Says &#8216;Americans Are Broke&#8217; — Points To Ford&#8217;s Dismal Q2 Profit: &#8216;They Can&#8217;t Afford To Buy New Cars&#8217; Due To Interest Rates</a>
Despite her background in finance and relatively short tenure in manufacturing, Pope has been endorsed by Calhoun as his natural successor. Her proactive approach at the airshow, including meeting with customers to address their concerns about delayed aircraft deliveries, has been well-received.
"I'm impressed with her, I think she's a quick learner," said John Plueger, the CEO of&nbsp;Air Lease Corp. 
"I'll restate that 24/7 I'm focused on the BCA recovery," Pope said. BCA is an acronym for Boeing's commercial airplane business. "That is my priority and that is my focus."
Pat Shanahan, CEO of Spirit AeroSystems Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>), and a former Boeing executive is a leading candidate as the planemaker looks to consolidate its former aerostructures division. According to the report, directors have been intently reviewing other external candidates as well.
Why It Matters: The Farnborough Airshow appearance comes at a crucial time for Boeing. Recently, Boeing resumed <a href="https://www.benzinga.com/markets/equities/24/07/39928770/boeing-resumes-737-max-deliveries-to-china-after-regulatory-delay-report">737 MAX deliveries to China</a> after a regulatory delay, marking a significant step in restoring its global operations. This comes after a prolonged halt due to a review of the batteries powering the cockpit voice recorder.
Boeing&#8217;s <a href="https://www.benzinga.com/markets/equities/24/07/39878752/boeings-commercial-market-outlook-predicts-soaring-demand-44-000-new-airplanes-needed-by-2043">Commercial Market Outlook</a> predicted a 3% increase in airplane deliveries over the next 20 years, estimating a need for nearly 44,000 new commercial airplanes by 2043. This forecast highlights the potential growth in the aviation sector, driven by emerging markets and single-aisle market demand.
However, Boeing also faces internal challenges. Last week, Washington state factory workers <a href="https://www.benzinga.com/news/24/07/39836988/boeing-workers-vote-for-strike-mandate">voted overwhelmingly in favor of a strike mandate</a>, demanding a 40% raise during their first full negotiation with Boeing in 16 years. This mandate, with over 99% approval, underscores the workers&#8217; determination but also adds pressure on the company&#8217;s management.
Price Action: Boeing stock closed at $184.35 on Thursday, up 2.38% for the day. In pre-market trading, the stock rose 0.46%. However, the stock is down $67.41, or 26.78%, year to date, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39951461/markets-are-sounding-an-alarm-peter-schiff-warns-federal-reserve-should-cut-rates-b?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Markets Are Sounding An Alarm:&#8217; Peter Schiff Warns Federal Reserve Should Cut Rates Before Recession Hits</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Management

Markets

Boeing's CEO Search Intensifies As Stephanie Pope Takes Center Stage At Farnborough International Airshow

Health Care

General

AVTR

Avantor Reported Q2 Operating Cash Flow Of $281M And Free Cash Flow Of $235M

Avantor Q2 2024 Adj EPS $0.25 Beats $0.23 Estimate, Sales $1.703B Inline

Needham analyst Joshua Reilly reiterates Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Buy and maintains $600 price target.

Reiteration

Needham Reiterates Buy on Tyler Technologies, Maintains $600 Price Target

Large Cap

Centene Increased Its 2024 Premium And Service Revenues Guidance Range By $5B To $141B-$143B To Reflect An Additional $2B Commercial Premium Revenue, $2B Medicare Premium Revenue And $1B Medicaid Premium Revenue

The question of whether former President Donald Trump might replace Sen. J.D. Vance (R-Ohio) as his vice presidential candidate has been raised. This speculation is due to Vance&#8217;s underwhelming polling and the growing momentum of Vice President Kamala Harris. Despite Trump&#8217;s continued support for Vance, the possibility of a replacement is being discussed.
What Happened: Republican Party rules technically allow Trump to select a new running mate. However, such a decision would need to be made swiftly. The party could either reconvene its national convention or proceed with a vote of the smaller group of Republican National Committee members to determine Vance&#8217;s replacement, Business Insider <a href="https://www.businessinsider.com/how-donald-trump-could-replace-jd-vance-vice-president-poll-2024-7">reported</a> on Friday.
Time is a significant factor, with early voting beginning in some states in September. Amy Dacey, former CEO of the Democratic National Committee, and Kenneth Mayer, a recently retired political science professor, both highlighted the complications that arise once ballots are printed. They described the potential replacement of Vance as &#8220;extraordinarily disruptive.&#8221;
&#8220;I think sometimes what people forget is that people start voting in September&#8230;And the worst case scenario would be for your nominees not to appear on a ballot in a state,&#8221; Dacey said. 
Despite the speculation, Trump reaffirmed his support for Vance on Thursday, stating that Vance was &#8220;doing a great job.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/07/39922362/hillary-clinton-says-kamala-harris-is-chronically-underestimated-says-vp-can-prosecute-a-compelling?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hillary Clinton Says Kamala Harris is &#8216;Chronically Underestimated&#8217; — Says VP Can &#8216;Prosecute A Compelling Case&#8217; Against Failed President Trump</a>
Why It Matters: Vance&#8217;s selection as <a href="https://www.benzinga.com/general/politics/24/07/39873381/trump-vp-pick-j-d-vance-worth-watching-for-potential-google-breakup-market-strategist-says-not-a">Trump&#8217;s running mate</a> had implications for several sectors, particularly the cryptocurrency industry, due to his pro-crypto stance and Bitcoin holdings. However, <a href="https://www.benzinga.com/general/politics/24/07/39916075/j-d-vance-venture-capital-background-under-scrutiny-it-never-seemed-like-he-was-even-working-it-">Vance&#8217;s venture capital</a> background and his short political career have come under scrutiny.
Nobel Prize-winning economist, Paul Krugman, highlighted <a href="https://www.benzinga.com/news/24/07/39975790/trump-vp-choice-jd-vance-is-a-tech-bro-pick-says-paul-krugman-same-people-last-year-were-infatuated">Vance&#8217;s strong backing </a>from the tech community, the same group that had previously shown a strong interest in Robert F. Kennedy Jr. This connection has brought Vance&#8217;s selection as VP candidate under the spotlight.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39924772/democratic-mega-donors-predict-kamala-harris-to-pick-vp-among-these-3-lawmakers-as-presidential-race?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Democratic Mega Donors Predict Kamala Harris To Pick VP Among These 3 Lawmakers As Presidential Race Against Trump Heats Up</a></li>
</ul>
Photo: Consolidated News Photos/Shutterstock.com
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Politics

Can Trump Replace JD Vance Amid Kamala Harris Picking Pace? Experts Warn That Could Be 'Extraordinarily Disruptive'

Centene Reaffirms 2024 Adjusted EPS Guidance Floor Of Greater Than $6.80 Versus Consensus Of $6.83

Needham analyst Ryan MacDonald downgrades Instructure Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INST#NYSE">INST</a>) from Buy to Hold.

Downgrades

INST

Needham Downgrades Instructure Hldgs to Hold

PODD

Insulet Expects To Raise Full Year 2024 Total Omnipod Revenue Outlook To 18% - 21% (Previously 15% - 19%)

Oppenheimer analyst Ken Wong maintains Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Outperform and raises the price target from $550 to $625.

Oppenheimer Maintains Outperform on Tyler Technologies, Raises Price Target to $625

Centene Reported Q2 Premium And Service Revenues Of $36B. Membership Increased 34% In The Marketplace Compared To The Second Quarter Of 2023

&quot;Second quarter&nbsp;revenue exceeded our expectations across the board as a result of strong demand for Omnipod 5, resulting in robust revenue growth and sequential increases in new customer starts in both the U.S. and international markets,&quot; said Jim Hollingshead, President and Chief Executive Officer.
&quot;The preliminary results we announced today reinforce our confidence in Insulet&#39;s ability to drive continued profitable growth for the remainder of 2024, and we look forward to providing an update on our upcoming earnings call.&quot;

Insulet Reports Preliminary Q2 Revenue Of $488M (Est $460.275M), Up 23% Y/Y, Exceeds Guidance Range Of 15% - 18% In Constant Currency Due To Revenue Outperformance For All Product Lines

Aon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) reported quarterly earnings of $2.93 per share which missed the analyst consensus estimate of $3.08 by 4.87 percent. The company reported quarterly sales of $3.760 billion which beat the analyst consensus estimate of $3.733 billion by 0.73 percent. This is a 18.35 percent increase over sales of $3.177 billion the same period last year.

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Apollo Power

News

Latest news for Apollo Power (OTC:INVTF) Stock