Harbor ETF Trust Energy Transition Strategy ETF (ARCA: RENW)

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The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Index, which was developed by Quantix Commodities Indices LLC (QCI or the Index Provider), an affiliate of Quantix Commodities LP, the Funds subadvisor (Quantix or the Subadvisor). The Index is composed of futures contracts on physical commodities associated with the accelerating transition from carbon-intensive energy sources, such as petroleum, crude oil and thermal coal, to less carbon-intensive sources of energy, such as natural gas, ethanol, wind power, and solar power. The Index is constructed using QCI's proprietary quantitative methodology, as described below.

Harbor Energy Transition Strategy ETF

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Over the last year, unique natural phenomena — including record heat waves in Europe — have contributed to high gas prices. Heat waves brought about droughts, which have reduced the supply of water and farmland.

The Heat Is On — And So Is The Creation Of New ESG Funds

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Harbor ETF Trust Energy Transition Strategy ETF

Wells Fargo analyst Derek Archila maintains Immunovant (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMVT#NASDAQ">IMVT</a>) with a Overweight and lowers the price target from $47 to $45.

News

Price Target

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IMVT

Wells Fargo Maintains Overweight on Immunovant, Lowers Price Target to $45

<a href="https://www.fda.gov/drugs/drug-safety-and-availability/fda-clarifies-policies-compounders-national-glp-1-supply-begins-stabilize" title="https://www.fda.gov/drugs/drug-safety-and-availability/fda-clarifies-policies-compounders-national-glp-1-supply-begins-stabilize">https://www.fda.gov/drugs/drug-safety-and-availability/fda-clarifies-policies-compounders-national-glp-1-supply-begins-stabilize</a>

Biotech

General

Hims & Hers Health, Inc. Class A Common Stock

HIMS

FDA Clarifies Policies For Compounders As National GLP-1 Supply Begins To Stabilize; Does Not Intend To Take Action Against Compounders For Violations Of FD&C Act Arising From Conditions That Depend On Tirzepatide Injection

VRAR

The Glimpse Group Shares Resume Trade

Wells Fargo analyst Chris Carey maintains General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) with a Equal-Weight and lowers the price target from $70 to $68.

Wells Fargo Maintains Equal-Weight on General Mills, Lowers Price Target to $68

Deep-pocketed investors have adopted a bearish approach towards AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in APP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for AppLovin. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 62% bearish. Among these notable options, 2 are puts, totaling $77,820, and 6 are calls, amounting to $228,919.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $380.0 for AppLovin over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of AppLovin stands at 1027.0, with a total volume reaching 464.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AppLovin, situated within the strike price corridor from $250.0 to $380.0, throughout the last 30 days.
<h3>AppLovin Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734619589_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.5</td>
<td>$8.5</td>
<td>$8.5</td>
<td>$380.00</td>
<td>$77.3K</td>
<td>2.9K</td>
<td align="right">110</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$63.3</td>
<td>$62.9</td>
<td>$62.9</td>
<td>$380.00</td>
<td>$50.3K</td>
<td>606</td>
<td align="right">8</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$25.0</td>
<td>$22.8</td>
<td>$24.4</td>
<td>$330.00</td>
<td>$36.6K</td>
<td>1.4K</td>
<td align="right">40</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/03/25</td>
<td>$33.9</td>
<td>$30.3</td>
<td>$31.65</td>
<td>$300.00</td>
<td>$31.6K</td>
<td>21</td>
<td align="right">10</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$29.3</td>
<td>$27.5</td>
<td>$27.5</td>
<td>$320.00</td>
<td>$30.2K</td>
<td>314</td>
<td align="right">43</td>
</tr>
</tbody>
</table>

<h3>About AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
<h3>AppLovin's Current Market Status</h3>
<ul>
<li>With a trading volume of 191,410, the price of APP is up by 1.82%, reaching $318.76.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 55 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for AppLovin</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $447.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for AppLovin, targeting a price of $480. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for AppLovin, targeting a price of $375. 
&#x2A; An analyst from Oppenheimer downgraded its action to Outperform with a price target of $480. 
&#x2A; An analyst from Loop Capital persists with their Buy rating on AppLovin, maintaining a target price of $450. 
&#x2A; An analyst from Macquarie persists with their Outperform rating on AppLovin, maintaining a target price of $450. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AppLovin options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

AppLovin Unusual Options Activity For December 19

Whales with a lot of money to spend have taken a noticeably bearish stance on Trump Media &amp; Technology.
Looking at options history for Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $226,100 and 5, calls, for a total amount of $567,093.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $40.0 for Trump Media &amp; Technology over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Trump Media &amp; Technology's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Trump Media &amp; Technology's whale activity within a strike price range from $20.0 to $40.0 in the last 30 days. 
<h3>Trump Media &amp; Technology Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734619583_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DJT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$16.55</td>
<td>$15.55</td>
<td>$16.24</td>
<td>$20.00</td>
<td>$312.8K</td>
<td>2.5K</td>
<td align="right">265</td>
</tr>
<tr>
<td>DJT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.2</td>
<td>$15.95</td>
<td>$16.2</td>
<td>$20.00</td>
<td>$116.6K</td>
<td>2.5K</td>
<td align="right">265</td>
</tr>
<tr>
<td>DJT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$14.0</td>
<td>$13.65</td>
<td>$14.0</td>
<td>$40.00</td>
<td>$112.0K</td>
<td>513</td>
<td align="right">130</td>
</tr>
<tr>
<td>DJT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$14.0</td>
<td>$13.55</td>
<td>$14.0</td>
<td>$40.00</td>
<td>$70.0K</td>
<td>513</td>
<td align="right">0</td>
</tr>
<tr>
<td>DJT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/10/25</td>
<td>$3.85</td>
<td>$3.5</td>
<td>$3.7</td>
<td>$35.50</td>
<td>$55.5K</td>
<td>89</td>
<td align="right">150</td>
</tr>
</tbody>
</table>

<h3>About Trump Media &amp; Technology</h3>
Trump Media &amp; Technology Group Corp is a media and technology company rooted in social media, digital streaming, information technology infrastructure, and more. Its initial product launch will focus on its social media platform, Truth Social, which encourages an open, free, and honest global conversation without discriminating against political ideology.
Following our analysis of the options activities associated with Trump Media &amp; Technology, we pivot to a closer look at the company's own performance.
<h3>Current Position of Trump Media &amp; Technology</h3>
<ul>
<li>Currently trading with a volume of 860,236, the DJT's price is up by 2.2%, now at $36.1. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 46 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Trump Media &amp; Technology, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Market Whales and Their Recent Bets on DJT Options

Investors with significant funds have taken a bearish position in Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in TGT usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 8 options transactions for Target. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 0% being bullish and 87% bearish. Of all the options we discovered, 7 are puts, valued at $376,311, and there was a single call, worth $44,820.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $140.0 for Target during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Target's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Target's significant trades, within a strike price range of $125.0 to $140.0, over the past month.
<h3>Target Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734619578_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$14.05</td>
<td>$13.65</td>
<td>$14.05</td>
<td>$140.00</td>
<td>$63.2K</td>
<td>3.1K</td>
<td align="right">180</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$14.1</td>
<td>$13.65</td>
<td>$13.94</td>
<td>$140.00</td>
<td>$62.7K</td>
<td>3.1K</td>
<td align="right">91</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$10.9</td>
<td>$10.3</td>
<td>$10.9</td>
<td>$135.00</td>
<td>$54.0K</td>
<td>1.6K</td>
<td align="right">50</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$14.0</td>
<td>$13.35</td>
<td>$14.0</td>
<td>$140.00</td>
<td>$50.4K</td>
<td>3.1K</td>
<td align="right">90</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$13.8</td>
<td>$13.8</td>
<td>$13.8</td>
<td>$140.00</td>
<td>$49.5K</td>
<td>3.1K</td>
<td align="right">54</td>
</tr>
</tbody>
</table>

<h3>About Target</h3>
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
<h3>Current Position of Target</h3>
<ul>
<li>With a volume of 127,377, the price of TGT is up 0.11% at $130.84. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 75 days.</li>
</ul>
<h3>What Analysts Are Saying About Target</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $153.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on Target, maintaining a target price of $160. 
&#x2A; An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Target, which currently sits at a price target of $195. 
&#x2A; In a cautious move, an analyst from Citigroup downgraded its rating to Neutral, setting a price target of $130. 
&#x2A; An analyst from Roth MKM has decided to maintain their Neutral rating on Target, which currently sits at a price target of $131. 
&#x2A; Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Target with a target price of $150. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Target, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Behind the Scenes of Target's Latest Options Trends

TPET

Trio Petroleum Shares Halted On Circuit Breaker To The Upside, Stock Now Up 220.5%

Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) has outperformed the market over the past 5 years by 6.62% on an annualized basis producing an average annual return of 19.58%. Currently, Booking Holdings has a market capitalization of $165.39 billion. 
Buying $1000 In BKNG: If an investor had bought $1000 of BKNG stock 5 years ago, it would be worth $2,459.07 today based on a price of $4997.08 for BKNG at the time of writing.
<h3>Booking Holdings's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734619515_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BKNG

$1000 Invested In Booking Holdings 5 Years Ago Would Be Worth This Much Today

Bill Gates is one of the <a href="https://www.benzinga.com/24/12/42258198/from-tech-to-climate-the-financial-impact-of-bill-gates-net-zero-vision">biggest supporters of fighting climate change</a>, but his use of private jets makes some people question his seriousness. Despite his efforts to fund carbon-cutting technologies and offset his emissions, Gates admits his carbon footprint is enormous – and his private jet habits are a big reason.
<h2 class="wp-block-heading">Four Jets and Frequent Flying</h2>
Gates owns a fleet of private aircraft worth an estimated $194 million. This includes two Gulfstream G650ERs, which cost $70 million each and two Bombardier Challenger 350s, valued at $27 million. According to Simple Flying, he also owns a Cessna Caravan seaplane and two helicopters registered under his company, MENTE LLC.
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<li>Deloitte's fastest-growing software company partnered with Amazon, Walmart &amp; Target announces the deadline to invest this year is 12/20. – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
<li>It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a></li>
</ul>
Gates reportedly traveled on 392 private jet flights in 2022. This equates to multiple flights per day. Despite their convenience for someone with a hectic schedule, private jets are notorious for their high pollution output. CBS News cites the Environmental and Energy Study Institute, saying private and commercial jets account for 10% of U.S. transportation emissions.
Gates has defended himself by citing his attempts to offset his emissions when questioned about the inconsistency between his jet use and climate activism. He funds Climeworks, a Swiss company specializing in direct air capture (DAC), a technology that removes carbon dioxide directly from the atmosphere. Gates claims his investment in Climeworks offsets far more than his family's carbon footprint.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEW: A BBC reporter asked Bill Gates directly why his climate activism should be taken seriously, as he continues to fly private all over the world: Gates tried to assure the reporter that, despite his private jet usage, he is not part of the problem, he's part of the solution. <a href="https://t.co/U6f8Ymcp4l">pic.twitter.com/U6f8Ymcp4l</a>
&mdash; Will Hild (@WillHild) <a href="https://twitter.com/WillHild/status/1623080578504441857?ref_src=twsrc%5Etfw">February 7, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
&#8220;I'm comfortable with the idea that not only am I not part of the problem by paying for the offsets,&#8221; Gates said during a BBC <a href="https://x.com/WillHild/status/1623080578504441857">interview</a>, &#8220;but also through the billions that my Breakthrough Energy group is spending that I'm part of the solution."
Breakthrough Energy, <a href="https://www.benzinga.com/news/24/08/40359364/bill-gates-jeff-bezos-and-jack-ma-backed-breakthrough-energy-ventures-nears-1b-goal-for-climate-focu">founded by Gates in 2015</a>, focuses on funding innovations to tackle climate challenges in areas like transportation, manufacturing and agriculture. To date, Gates has reportedly invested over $2 billion in climate technologies.
Gates asked, &#8220;Should I stay at home and not come to Kenya to learn about farming and malaria?&#8221;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">Critics Say Offsets Aren't Enough</h2>
While carbon offsets are helpful, some experts say they are not a perfect fix. The International Energy Agency <a href="https://www.iea.org/energy-system/carbon-capture-utilisation-and-storage/direct-air-capture">explains</a> that removing pollution from the air with this kind of technology is still very expensive and uses a lot of energy. It would be much better to stop the pollution from being created in the first place.
Critics and environmental groups say Gates&#8217; regular use of jets sends the wrong message, particularly when the wealthy are being closely examined for their oversize environmental impact. Events like the World Economic Forum <a href="https://www.benzinga.com/startups/24/01/36830151/world-economic-forum-again-slammed-for-lecturing-everyday-citizens-about-climate-change-as-attendees">have sparked backlash</a>, with activists calling out billionaires for discussing climate solutions while traveling on private planes.
Trending: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones.&nbsp; <a href="https://www.benzinga.com/money/mode-mobile-2">The deadline to invest and receive your shares this year is 12/20. Join 30,000+ shareholders and invest at $0.26/share today.</a>
<h2 class="wp-block-heading">Gates' Own Admission</h2>
Gates has been surprisingly frank about his jet habits. In a 2021 60 Minutes interview, he admitted, "I probably have one of the highest greenhouse gas footprints on the planet … My personal flying alone is gigantic." Still, he says he tries to make up for it by using things like plant-based fuel for his jets, driving an electric car, installing solar panels at home and paying $7 million each year to offset his pollution.
Despite his efforts, critics believe Gates – and others like him, including Bezos (who also <a href="https://www.benzinga.com/news/24/12/42509430/jeff-bezos-with-a-fleet-of-four-private-jets-including-the-fastest-gulfstream-is-offloading-one-for-a-whoppi">owns four private jets</a>), Musk, Cuban, Swift and countless other billionaires and millionaires – need to lead by example, especially when urging the world to reduce its reliance on fossil fuels.
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<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">The deadline to invest and receive your shares this year is 12/20. Join 30,000+ shareholders and invest at $0.26/share today.</a></li>
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Bill Gates Owns 4 Private Jets Valued At $194M, Flying More Than Once A Day On Average – He Has One Of The Highest Carbon Footprints

Trio Petroleum Shares Resume Trade

APCX

AppTech Payments Shares Halted On Circuit Breaker To The Downside, Stock Now Up 183.5%

AppTech Payments Shares Resume Trade

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

Currenc Group Shares Resume Trade

BPTH

Bio-Path Holdings Shares Halted On Circuit Breaker To The Downside, Stock Now Up 341%

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Afya Limited (NASDAQ:<a href="https://www.benzinga.com/stock/AFYA#NASDAQ">AFYA</a>, B3: A2FY34)) ("Afya" or the "Company"), the leading medical education group and medical practice solutions provider in Brazil, announced today that it has entered into a share purchase agreement for the acquisition, through its wholly-owned subsidiary Afya Participações S.A., of 100% of the total share capital of Faculdade Masterclass Ltda. ("Faculdade Única de Contagem" or "FUNIC"), present in Contagem (MG).
The acquisition will add 60 medical school seats to Afya in Contagem, a city in the metropolitan area of Belo Horizonte, the capital of Minas Gerais. FUNIC is pre-operational, with leased real estate prepared for the start of the medical school operation. It will be Afya's fifth medical school in Minas Gerais and will serve as an academic hub for the other medical campuses in the state. Afya will confirm the expected timing of the first intake, contingent on the completion date of the closing process.
The aggregate purchase price is R$ 100 million, and the Net Debt will be deducted at closing. The price and payment conditions are R$ 60 million will be paid in cash at the closing date, and R$ 40 million will be paid in three annual installments adjusted by the Brazilian interbank interest rates ("CDI").
Furthermore, there is a potential for 60 additional seats. If approved by the Ministry of Education ("MEC") within 36 months from the closing date, it will result in an additional payment of R$ 1 million per granted seat, limited to 60 seats.
Afya expects an EV/EBITDA of 3.3x at full maturity and post synergies in 2030 with expected Net Revenues of R$ 52.4 million, of which 100% will come from Medicine.

AFYA

Afya To Acquire Faculdade Única De Contagem For R$100M, Adding 60 Medical School Seats In Minas Gerais With Potential For 60 More, Targeting R$52.4M Annual Revenue And 3.3x EV/EBITDA By 2030

FuelCell Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading lower after the company <a href="https://www.benzinga.com/pressreleases/24/12/g42573324/fuelcell-energy-reports-fourth-quarter-and-full-fiscal-year-2024-results" target="_blank" rel="noreferrer noopener">reported its fourth quarter 2024 results.</a>
The company&#8217;s total revenues grew 120% year-over-year to $49.326 million, beating the consensus of $39.716 million.
Product revenues rose to $25.4 million for the three months ending October 31, 2024, from $10.5 million a year earlier. The increase was driven by $18.0 million from the GGE Agreement for fuel cell module replacements in Korea and $7.7 million from a sales contract with Ameresco for a 2.8 MW platform for the Sacramento Sewer District.
Service agreements revenue rose to $5.6 million from $(0.8) million, driven by two module exchanges during the quarter. Generation revenue increased 40.3% to $12.0 million due to the Toyota and Derby projects.
Advanced Technologies revenue grew to $6.4 million, supported by ExxonMobil&#8216;s Rotterdam project and government contracts, offset by $0.8 million lower revenue from the EMTEC Joint Development Agreement.
The company reported a loss per share of $2.21, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus loss of $1.75</a>. The company reported a gross loss of $10.9 million, down from the previous year&#8217;s $1.5 million loss.
Operating expenses for the quarter decreased to $30.1 million from $34.9 million the previous year. Adjusted EBITDA loss improved to $25.3 million in the quarter from the $30.8 million loss a year ago.
In November, FCEL announced a <a href="https://www.benzinga.com/news/guidance/24/11/42011849/restructure-and-recharge-fuelcell-cuts-workforce-plans-to-reduce-operating-costs-by-15-in-2025" target="_blank" rel="noreferrer noopener">global restructuring </a>in the U.S., Canada, and Germany to reduce operating costs by 15% in fiscal 2025, including a 13% workforce reduction. Delays in solid oxide and carbon capture product timelines mean it will <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">not meet revenue targets provided in fiscal 2022. </a>
However, FuelCell expects a material revenue improvement in fiscal 2025, driven by contracted deliveries, including replacement modules for GGE.
As of October 31, 2024, FuelCell&nbsp;had $318.0 million in cash, restricted cash, and short-term investments, down from $403.3 million in 2023. This included $148.1 million in unrestricted cash, $109.1 million in investments, and $60.8 million in restricted cash.
During the quarter, the company sold 1.9 million shares under its Amended Open Market Sale Agreement at $11.23 per share, generating $21.5 million in gross proceeds and $20.8 million net after $0.6 million in fees.
As of October 31, 2024, FCEL&#8217;s backlog rose 13.1% to $1.16 billion year-over-year, driven by the GGE Agreement. The backlog includes product, service, and generation agreements, with a weighted average term of 16 years.
Price Action: FCEL shares are trading lower by 3.05% at $9.52 at the last check Thursday.

Earnings

Guidance

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FCEL

FuelCell Energy Q4 Revenue Surges 120%, Backlog Climbs 13%, But Losses Persist Amid Restructuring Efforts

Movers

AppTech Payments Shares Halted On Circuit Breaker

IMMX

Immix Biopharma Announces Initial Data From First Four Patients In NEXICART-2 US Study; Says All Four Patients Treated With NXC-201 Normalized Disease Markers Within 30 Days Of Dosing, Of Which, Two Are Already Classified As Complete

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Over the last year, unique natural phenomena &mdash; including record heat waves in Europe &mdash; have contributed to high gas prices. Heat waves brought about droughts, which have reduced the supply of water and farmland.

While these situations aren&rsquo;t ideal, exchange-traded funds (ETFs) that specialize in investing in environmental, social and governance (ESG) companies offer ways to invest in climate realities, including the Deka Future Energy ESG UCITS ETF (FRA: D6RD) and the Harbor All-Weather Inflation Focus ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HGER#NYSE">HGER</a>). These ETFs can include those like Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), which is a powerhouse in the U.S. solar industry.

<h2>Record Heat Waves Worldwide</h2>

Last June, Europe experienced record heat waves, which resulted in England having 40.3-degree Celsius (104 Fahrenheit) days. England has not had days like these in its recorded history. Besides England, other European countries including Spain and Portugal had forest fires that destroyed acres of land and killed several people.

Aside from Europe, other areas of the world including China and India have experienced heat waves. These areas have also experienced strong monsoons and storms in the south, resulting in record flooding. Monsoons and hurricanes are greatly strengthened by warm ocean water that continues to get warmer each year.

<h2>High Gas Prices Around The World</h2>

Besides record heat waves and other natural disasters, every country has been experiencing some of the highest gas prices in history. The average cost per gallon of gas is around $5 in the U.S. This figure is much higher in other places. For example, Hong Kong and Norway <a href="https://money.usnews.com/money/personal-finance/spending/articles/a-look-at-gas-prices-around-the-world">have average gas prices per gallon of $11 and $10, respectively.</a>

To add insult to injury, a lack of oil pipelines and the war in Ukraine are pushing these record prices even higher. The costs to refine crude oil are going up, which is being passed on to the customer.

Some of the costs to refine crude oil include labor and materials for supplies like aluminum, which has seen sky-high prices since the beginning of the year. Since 2020, aluminum prices have increased from $1,500 per ton to $2,400 per ton in August 2022.

A silver lining behind these high gas prices and costs is tax incentives. Currently, California is offering tax incentives to its residents for buying electric cars and installing solar panels. For example, residents could earn a federal tax credit of up to $7,500 if they purchase electric cars.

Besides electric car tax credits, other generous solar tax benefits exist like <a href="https://www.sunrun.com/solar-by-state/ca/california-solar-incentives#:~:text=Federal%20Solar%20Investment%20Tax%20Credit%20(ITC)&#x2A;&#x2A;,2023%20and%20ends%20in%202024">the Federal Solar Investment Tax Credit (ITC) and the Solar Energy System Property Tax Exclusion</a>. With the ITC, residents could earn up to a 26% tax credit on home solar systems installed by December 2022. The Property Tax Exclusion lets residents exclude the value of rooftop solar systems from property taxes.

<h2>Deka Launched New UCITS ETF Focused On Future Energy Sources In Spring 2022</h2>

The European-based Deka Future Energy ESG UCITS ETF tracks the Solactive Future Energy ESG Index, which is composed of 60 medium- to large-sized companies in industrialized countries, including China.&nbsp;

Some of the companies that this ETF invests in focus on solar energy, wind power, geothermal energy and hydrogen propulsion. A few of its top holdings include U.S.-based solar firm Sunrun and Canadian renewable energy company Algonquin Power &amp; Utilities Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AQN#NYSE">AQN</a>).

Like other ESG funds, this ETF excludes companies that earn significant revenues from coal, oil extraction, deep water drilling and nuclear power generation. This fund is trading at near-breakeven prices since its inception. It also has a reasonable expense ratio of 0.55%.

<h2>Other Companies Jumping On The ESG Band Wagon</h2>

Besides Deka, investment manager Harbor Capital Advisors is also capitalizing on the demand for ESG funds and recently created its Harbor Energy Transition Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RENW#NYSE">RENW</a>).

&nbsp;.&nbsp;

This ETF invests in three main commodities (copper, aluminum and silver) that are crucial in providing sustainable energy by being key materials for constructing new energy infrastructure. It also tracks the Quantix Energy Transition Index.&nbsp;

Launched in July 2022, this ETF is seeing more demand and currently has $24.7 million in total assets. It&rsquo;s currently trading at $23.15, which is a respectable 18.6% gain from its inception date. This fund has a higher expense ratio of 0.8%.

<h3>AAM Transformers ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFM#NYSE">TRFM</a>)</h3>

The AAM Transformers ETF follows the Pence Transformers Index, which targets companies that are highly innovative and exhibit higher sales growth and capital expenditures (Capex) compared to their competitors. A few sample industries include self-driving cars, artificial intelligence (AI) and carbon offset alternatives.

It has exposure to domestic and international stocks, with heavy weighting in Dutch, Israeli and Chinese companies. A few of its U.S holdings include household names like Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).

Like other ESG funds, it&rsquo;s experiencing increasing demand and has $6.2 million of net assets. This fund is relatively new, having been launched in July 2022, and has already seen a 12% run-up.

<h2>Investors Are Even More Interested In ESG Companies</h2>

Record heat waves, droughts and high gas prices have led to a rise in sustainable ESG investments. Aside from profits and cash flow, investors want to support companies that help society, especially when it comes to the environment.

It is likely that ESG will continue to see more inflows, especially since younger investors in the millennials and Gen Z age range are more interested in this sector. Per a CNBC poll, one-third of millennials and 19% of Gen Z investors take ESG factors into consideration before investing.&nbsp;

Related News Highlights in Alternative Investments

<ul>
	<li>The farmland investment platform <a href="https://www.benzinga.com/alternative-investments/platform/acretrader">AcreTrader</a> fully funded its $11 million Willamette River Farm offering. The latest investment posted on the platform is a timber tract in Independence County, AR, which is expected to produce a 4.3% cash yield to investors over the target hold period of 5-10 years.</li>
</ul>

<ul>
	<li>The Bezos-backed real estate investment platform <a href="https://www.benzinga.com/alternative-investments/platform/arrived-homes">Arrived Homes</a> launched a new batch of offerings to allow retail investors to purchase shares of single-family rental homes with a minimum investment of $100. The platform has already funded over 150 properties with a total value of over $50 million.&nbsp;</li>
</ul>

<ul>
	<li>The <a href="https://www.benzinga.com/alternative-investments/platform/caltier-realty">CalTier Multi-Family Portfolio Fund</a> recently completed a new investment in a portfolio of four multi-family properties consisting of 185 units. The CalTier Multi-Family Portfolio Fund is one of the few non-traded real estate funds available to non-accredited investors and has a minimum investment of $500. Year to date, the fund has produced an annualized cash-on-cash return of 7.02%.</li>
</ul>

Find more current offerings and news on <a href="https://www.benzinga.com/alternative-investments">Benzinga Alternative Investments</a>

Image by&nbsp;<a href="https://www.shutterstock.com/g/solovushka">Soloviova Liudmyla</a>&nbsp;on Shutterstock

The NYSE Pickens Oil Response ETF, the once scuffling energy exchange traded fund that was built by Boone Pickens Capital Fund Advisors, the investing firm founded by the legendary oilman, is no longer. As was previously reported, the ETF once known by the ticker &ldquo;BOON,&rdquo; is converting to an <a href="https://www.benzinga.com/trading-ideas/long-ideas/19/07/14166103/a-new-down-for-this-energy-etf">alternative energy fund</a>.

<h3>What Happened</h3>

That conversion was completed Wednesday with the debut of the Pickens Morningstar Renewable Energy Response ETF (NYSE:<a class="ticker" href="/stock/RENW#NYSE">RENW</a>). RENW targets the Morningstar North America Renewable Energy Index.

That benchmark is designed &ldquo;to provide exposure to companies that operate across the full renewable energy supply chain, including renewable energy innovators, suppliers, adopters, and end users,&rdquo; according to a statement issued by Dallas-based TriLine Index Solutions, the index and ETF unit of BP Capital.

<h3>Why It&#39;s Important</h3>

While no sector has been spared the broader market&#39;s recent carnage, RENW debuts at a time when alternative energy stocks and ETFs have been outpacing their traditional energy rivals and as the weight of the energy sector dwindles in the S&amp;P 500. As of Aug. 13, energy stocks account for <a href="https://us.spdrs.com/en/etf/spdr-sp-500-etf-SPY">just 4.54% of the S&amp;P 500</a>, less than half the sector&#39;s weight just a few years ago.

&ldquo;RENW seeks to mitigate the downside and capture the upside of renewable energy cycles by investing in producers and consumers of renewable energy, in contrast to more narrowly focused renewable energy funds,&rdquo; <a href="https://www.renewableenergyetf.com/factsheet">according to TriLine.</a>

The new RENW has 82 holdings, 46% of which hail from the utilities sector, <a href="https://www.renewableenergyetf.com/factsheet">according to issuer data</a>. Industrial and technology stocks combine for 27% of the new ETF&#39;s weight. Familiar names on RENW&#39;s roster include Tesla Inc. (NASDAQ:<a class="ticker" href="/stock/TSLA#NASDAQ">TSLA</a>), Walmart (NYSE:<a class="ticker" href="/stock/WMT#NYSE">WMT</a>), Edison International (NYSE:<a class="ticker" href="/stock/EIX#NYSE">EIX</a>) and SunRun (NYSE:<a class="ticker" href="/stock/RUN#NYSE">RUN</a>).

RENW is designed to be a more encompassing alternative energy fund than rival ETFs that focus on just one theme, such as solar or wind energy.

<h3>What&#39;s Next</h3>

Declining costs and increased adoption are among the factors contributing to the renewable energy industry&#39;s stout growth trajectory and that growth is expected to continue.

&ldquo;The share of renewables in meeting global energy demand is expected to grow by one-fifth in the next five years to reach 12.4% in 2023,&rdquo; according to TriLine.

RENW charges 0.65% per year, or $65 on a $10,000 investment.

Related Links:

<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/08/14261948/add-some-excitement-to-your-consumer-staples-investing-with-this-etf">An Exciting Staples ETF</a>

<a href="https://www.benzinga.com/markets/cannabis/19/08/14261218/the-new-cannabis-etf-makes-some-additions">Cannabis ETF Makes Some Changes</a>

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Latest news for Harbor ETF Trust Energy Transition Strategy ETF (ARCA:RENW)

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