Latest news for Tidewater Renewables (OTC:TDWRF) Stock

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low-carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas. The corporation generates revenue from the sale of renewable products. The renewable energy operating segment includes the following revenue categories: renewable fuels and renewable natural gas. The company generates maximum revenue from Renewable Fuels.

TIDEWATER RENEWABLES LTD by TIDEWATER RENEWABLES LTD.

Tidewater Renewables Ltd

Evercore ISI Group analyst Umer Raffat initiates coverage on Spyre Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRE#NASDAQ">SYRE</a>) with a Outperform rating.

News

Initiation

Analyst Ratings

SYRE

Evercore ISI Group Initiates Coverage On Spyre Therapeutics with Outperform Rating

Argus Research analyst Stephen Biggar maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Buy and raises the price target from $880 to $910.

Price Target

Argus Research Maintains Buy on BlackRock, Raises Price Target to $910

Guidance

Dividends

Buybacks

Morgan Stanley CEO Ted Pick Says We're In The Early Stages Of Investment Banking Multi-Year Cycle; Dividends Are Highest Priority In Use Of Capital; Not Thinking About Acquisitions In The Short Term; 'Might Look" At Potential Opportunities Down The Road, In 2-3 Years; Macroeconomic Uncertainties Offer Trading Opportunities

Financial giants have made a conspicuous bearish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $68,700, and 7 were calls, valued at $207,540.
<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 $240.0 to $350.0 for Palo Alto Networks over the recent three 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 Palo Alto Networks'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 Palo Alto Networks's whale activity within a strike price range from $240.0 to $350.0 in the last 30 days. 
<h3>Palo Alto Networks Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721140289_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$18.45</td>
<td>$17.95</td>
<td>$18.45</td>
<td>$310.00</td>
<td>$36.9K</td>
<td>415</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/23/24</td>
<td>$38.9</td>
<td>$35.7</td>
<td>$35.7</td>
<td>$310.00</td>
<td>$35.7K</td>
<td>12</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/23/24</td>
<td>$34.5</td>
<td>$33.15</td>
<td>$34.5</td>
<td>$310.00</td>
<td>$34.5K</td>
<td>12</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$108.35</td>
<td>$108.25</td>
<td>$108.25</td>
<td>$240.00</td>
<td>$32.4K</td>
<td>423</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$15.9</td>
<td>$15.55</td>
<td>$15.9</td>
<td>$330.00</td>
<td>$31.8K</td>
<td>3.3K</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>

<h3>About Palo Alto Networks</h3>
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.
In light of the recent options history for Palo Alto Networks, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Palo Alto Networks Standing Right Now?</h3>
<ul>
<li>With a volume of 265,065, the price of PANW is down -0.97% at $337.61. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 31 days.</li>
</ul>
<h3>Professional Analyst Ratings for Palo Alto Networks</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $363.3333333333333.
<ul>
<li>An analyst from Baird persists with their Outperform rating on Palo Alto Networks, maintaining a target price of $360. </li>
<li>Reflecting concerns, an analyst from DA Davidson lowers its rating to Buy with a new price target of $380.</li>
<li>An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $350. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Palo Alto Networks with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

PANW

Palo Alto Networks Options Trading: A Deep Dive into Market Sentiment

Financial giants have made a conspicuous bearish move on Toll Brothers. Our analysis of options history for Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $286,200, and 3 were calls, valued at $138,431.
<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 $100.0 to $122.0 for Toll Brothers over the recent three months. 
<h3>Analyzing 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 Toll Brothers'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 Toll Brothers's whale activity within a strike price range from $100.0 to $122.0 in the last 30 days. 
<h3>Toll Brothers Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721140283_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TOL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.75</td>
<td>$0.5</td>
<td>$0.75</td>
<td>$100.00</td>
<td>$112.5K</td>
<td>4.0K</td>
<td>2.4K</td>
</tr>
<tr>
<td>TOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$16.0</td>
<td>$15.6</td>
<td>$16.0</td>
<td>$115.00</td>
<td>$81.6K</td>
<td>168</td>
<td>26</td>
</tr>
<tr>
<td>TOL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.95</td>
<td>$0.75</td>
<td>$0.75</td>
<td>$100.00</td>
<td>$45.1K</td>
<td>4.0K</td>
<td>0</td>
</tr>
<tr>
<td>TOL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.8</td>
<td>$0.75</td>
<td>$0.75</td>
<td>$100.00</td>
<td>$37.1K</td>
<td>4.0K</td>
<td>0</td>
</tr>
<tr>
<td>TOL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.75</td>
<td>$0.75</td>
<td>$0.75</td>
<td>$100.00</td>
<td>$34.7K</td>
<td>4.0K</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About Toll Brothers</h3>
Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.
Having examined the options trading patterns of Toll Brothers, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Toll Brothers</h3>
<ul>
<li>With a trading volume of 415,624, the price of TOL is up by 4.73%, reaching $129.32.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 35 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Toll Brothers</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $136.25.
<ul>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Toll Brothers, which currently sits at a price target of $180. </li>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Toll Brothers with a target price of $125. </li>
<li>An analyst from Barclays has decided to maintain their Underweight rating on Toll Brothers, which currently sits at a price target of $116. </li>
<li>An analyst from Goldman Sachs upgraded its action to Neutral with a price target of $124. </li>
</ul>
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 Toll Brothers options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Toll Brothers Unusual Options Activity

Deep-pocketed investors have adopted a bearish approach towards Eli Lilly and Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</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 LLY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for Eli Lilly and Co. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 46% bearish. Among these notable options, 4 are puts, totaling $304,322, and 26 are calls, amounting to $3,313,701.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $400.0 and $1080.0 for Eli Lilly and Co, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Eli Lilly and Co stands at 379.43, with a total volume reaching 283.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Eli Lilly and Co, situated within the strike price corridor from $400.0 to $1080.0, throughout the last 30 days.
<h3>Eli Lilly and Co Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721140278_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$40.3</td>
<td>$38.85</td>
<td>$39.5</td>
<td>$950.00</td>
<td>$691.2K</td>
<td>987</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$23.75</td>
<td>$21.55</td>
<td>$23.0</td>
<td>$950.00</td>
<td>$402.5K</td>
<td>105</td>
<td style="text-align: right;">9</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$55.25</td>
<td>$51.65</td>
<td>$51.05</td>
<td>$900.00</td>
<td>$392.5K</td>
<td>1.2K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$91.85</td>
<td>$88.85</td>
<td>$90.35</td>
<td>$960.00</td>
<td>$225.6K</td>
<td>463</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$240.9</td>
<td>$238.2</td>
<td>$240.9</td>
<td>$720.00</td>
<td>$216.7K</td>
<td>158</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Eli Lilly and Co</h3>
Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for diabetes; and Taltz and Olumiant for immunology.
<h3>Eli Lilly and Co's Current Market Status</h3>
<ul>
<li>With a trading volume of 309,671, the price of LLY is down by -0.09%, reaching $949.65.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 23 days from now.</li>
</ul>
<h3>Expert Opinions on Eli Lilly and Co</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $912.6.
<ul>
<li>Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $885.</li>
<li>An analyst from Morgan Stanley has decided to maintain their Overweight rating on Eli Lilly and Co, which currently sits at a price target of $1023. </li>
<li>An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $885. </li>
<li>An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $885. </li>
<li>An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $885. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Eli Lilly and Co with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Eli Lilly and Co's Options: A Look at What the Big Money is Thinking

JP Morgan analyst Richard Shane maintains Apollo Comml Real Est (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARI#NYSE">ARI</a>) with a Neutral and raises the price target from $9.5 to $10.

JP Morgan Maintains Neutral on Apollo Comml Real Est, Raises Price Target to $10

Piper Sandler analyst Stephen Scouten maintains Servisfirst Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>) with a Neutral and raises the price target from $63 to $70.

SFBS

Piper Sandler Maintains Neutral on Servisfirst Bancshares, Raises Price Target to $70

Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) reported quarterly earnings of $2.65 per share which beat the analyst consensus estimate of $2.00 by 32.5 percent. The company reported quarterly sales of $17.210 billion which missed the analyst consensus estimate of $17.637 billion by 2.42 percent. This is a 18.99 percent increase over sales of $14.464 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Progressive Q2 2024 Adj EPS $2.65 Beats $2.00 Estimate, Sales $17.210B Miss $17.637B Estimate

United Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UTHR#NASDAQ">UTHR</a>) has outperformed the market over the past 20 years by 9.58% on an annualized basis producing an average annual return of 18.13%. Currently, United Therapeutics has a market capitalization of $14.52 billion. 
Buying $1000 In UTHR: If an investor had bought $1000 of UTHR stock 20 years ago, it would be worth $27,504.19 today based on a price of $327.26 for UTHR at the time of writing.
<h3>United Therapeutics's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721140251_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.

Trading Ideas

UTHR

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $28,000 Today

Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) has outperformed the market over the past 10 years by 8.78% on an annualized basis producing an average annual return of 19.77%. Currently, Patrick Industries has a market capitalization of $2.66 billion. 
Buying $1000 In PATK: If an investor had bought $1000 of PATK stock 10 years ago, it would be worth $6,199.18 today based on a price of $118.95 for PATK at the time of writing.
<h3>Patrick Industries's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721140245_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.

PATK

Here's How Much $1000 Invested In Patrick Industries 10 Years Ago Would Be Worth Today

WIIM

Penske Automotive Group shares are trading higher after the company announced it acquired Bill Brown Ford.

Barbara Corcoran, a prominent real estate mogul, shared striking advice on the <a href="https://youtu.be/YrhPDXe-TRM?si=Athec7zErPMb9Bna">Elvis Duran Show</a>, steering potential investors away from the Florida real estate market, which she described as overinflated.
The hosts asked Corcoran where to look for great value. "There's always a cheap house to buy," she commented before delivering a more sobering follow-up, "but not Florida."&nbsp;
Don't Miss:
<ul>
<li>Will the surge continue or decline on real estate prices?<a href="https://www.benzinga.com/money/realbricks"> People are finding out about risk-free real estate investing that lets you cash out whenever you want. </a></li>
<li>Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> here&#8217;s how to get started investing in real estate with just $100</a></li>
</ul>
"Forget about Florida," Corcoran asserted, marking a definitive shift in her perspective on what was <a href="https://www.benzinga.com/real-estate/24/05/38590354/florida-sellers-slash-prices-as-buyers-bypass-the-state-entirely-view-it-as-overpriced-and-undervalu">once considered a lucrative market</a>. Her recommendation reflects broader market dynamics that have seen Florida's property prices soar to levels that may no longer offer good value. Corcoran's advice comes when many seek affordable investment opportunities in a market significantly impacted by the pandemic-induced buying frenzy.
Instead, she highlighted opportunities in lesser-known regions of the South, particularly in areas with poor school districts where property values remain low.
Expanding on her strategy for finding promising real estate investments, Corcoran suggested that potential buyers look to "anywhere that has a poor school district where prices are low." This approach is based on her belief in the potential for economic growth and recovery in regions currently undervalued due to less desirable educational rankings. According to Corcoran, these areas offer hidden gems that could result in significant returns as they develop and improve over time.
Trending: Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield.</a>
Corcoran's advice isn't limited to domestic markets. She also discussed international opportunities, such as in Italy, where small towns offer homes for nominal prices to revitalize aging communities. However, she cautioned listeners about the challenges associated with such deals, emphasizing the isolation and significant renovation costs that can accompany these attractive prices. "The problem is there's nobody that lives in the town. Why do you want to go to Italy and live by yourself?" she remarked, providing a realistic view of these seemingly idyllic opportunities.
Listeners of the show engaged Corcoran with various questions about navigating the complex real estate landscape. Responding to inquiries, she emphasized the importance of <a href="https://www.benzinga.com/real-estate/24/06/39485036/this-state-is-a-house-flippers-paradise-with-20-roi-and-sky-high-sales-rates">seeking out markets that have not yet peaked</a> and where the potential for future appreciation is greatest. Her focus on strategic, informed investment decisions resonates particularly during a period when many traditional markets, like Florida, no longer offer the value they once did.
Read Next:
<ul>
<li>Mark Cuban believes &#8220;the next wave of revenue generation is around real estate and entertainment&#8221; —<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> this new real estate fund allows you to get started with just $100.</a></li>
<li>Gen Z and Millennial millionaires couldn't care less for stocks and bonds —<a href="https://www.benzinga.com/money/gen-z-and-millennial-millionaires-investments-adv"> Here's what they're buying instead.</a></li>
</ul>

Personal Finance

'Forget About Florida': Barbara Corcoran Says 'There's Always A Cheap House To Buy — But Not In Florida'

JP Morgan analyst Richard Shane maintains Arbor Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>) with a Underweight and lowers the price target from $12 to $11.5.

JP Morgan Maintains Underweight on Arbor Realty Trust, Lowers Price Target to $11.5

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading slightly higher on Tuesday.</a>
The company has expanded to 50 battery swap stations across Europe, with a majority situated in Germany and Norway, <a target="_blank" href="https://cnevpost.com/2024/07/16/nio-50-swap-stations-europe/" rel="noreferrer noopener">reported </a>CnEV Post.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NIO stock has lost over 55% in the past year. Investors can gain exposure to the stock via KraneShares MSCI China Clean Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGRN#NYSE">KGRN</a>) and&nbsp;KraneShares Electric Vehicles And Future Mobility Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>).
As of July 15, NIO operated 15 battery swap stations in Norway and 17 in Germany, based on data compiled by CnEVPost.
&#8220;On July 15, the 50th Power Swap Station in Europe officially opens in Norway. This latest Power Swap Station, located in Oslo, is a significant landmark in our commitment to developing a European infrastructure that supports smooth travel for every NIO user,&#8221; the EV firm <a target="_blank" href="https://x.com/NIOGlobal/status/1813154633487118590" rel="noreferrer noopener">wrote </a>on X, formerly Twitter.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39787139/chinese-ev-thrive-despite-tariff-hikes-foreign-rivals-struggle" rel="noreferrer noopener">Chinese EV Thrive Despite Tariff Hikes, Foreign Rivals Struggle</a>
According to data tracked by CnEVPost, NIO has notably ramped up its construction of battery swap stations in Europe, with seven new additions just this month.
Amid increased tariffs on Chinese EV imports into Europe, NIO and other Chinese EV makers are navigating a challenging regulatory landscape. The European Commission announced temporary countervailing duties starting July 5, adding to NIO&#8217;s existing 10% tariff with a weighted average of 20.8%.
NIO indicated it would maintain current pricing for its models in European markets despite the tariffs. However, it acknowledged the possibility of future price adjustments due to the imposed tariffs, CnEV Post added.
Price Action: NIO stock is up 1.19% at $4.68 at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Sundry Photography on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39761487/nancy-pelosi-reportedly-urged-to-end-democratic-turmoil-by-calling-for-bidens-withdrawal-from-pr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nancy Pelosi Reportedly Urged To End Democratic Turmoil By Calling For Biden's Withdrawal From Presidential Election</a></li>
</ul>

Equities

Movers

Media

General

KARS

KGRN

What's Going On With NIO Shares Today?

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

Shares of health insurers are trading higher in sympathy with UnitedHealth, which gained following strong Q2 earnings.

Argus Research analyst Joseph Bonner maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Buy and raises the price target from $200 to $215.

GOOG

GOOGL

Argus Research Maintains Buy on Alphabet, Raises Price Target to $215

JP Morgan analyst Doug Anmuth maintains Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) with a Neutral and raises the price target from $57 to $67.

RDDT

JP Morgan Maintains Neutral on Reddit, Raises Price Target to $67

SNDL Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>), which announced its restructuring project on Tuesday, also said that as part of these operational adjustments, it is consolidating its cannabis segments into a single unit under the leadership of Tyler Robson.
<h3 class="wp-block-heading">Why It Matters</h3>
The consolidation is intended to enhance efficiency, improve alignment and improve process speed within SNDL&#8217;s vertical model.
The restructuring project is expected to reduce corporate overheads and improve the efficiency of its organizational structure while positioning the company for future growth.
The project is expected to deliver over $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending, including the reduction in 106 full-time employees.
&#8220;This restructuring project and segment consolidation are critical steps in our journey towards better capital deployment, improved agility, focus, and profitability, and will free up resources to invest in profitable growth opportunities,&#8221; Zachary George, SNDL CEO said. &#8220;We are committed to enhancing our organizational effectiveness by streamlining processes while leveraging technology and automation.&#8221;
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/05/38593020/canadian-giant-sndl-speeds-up-acquisition-of-majority-positions-in-two-us-cannabis-companies-as-">Canadian Giant SNDL Speeds Up Acquisition Of Majority Positions In Two US Cannabis Companies As Marijuana Rescheduling Looms</a>
<h3 class="wp-block-heading">What's Next</h3>
The restructuring will require a one-time investment of $11 million over the next 18 months.
SNDL expects to achieve most of the anticipated annualized savings by mid-2025 while starting to capture some of the opportunities as early as the third quarter of 2024.
As recently highlighted by Benzinga's <a href="https://www.benzinga.com/author/javier-hasse">Javier Hasse</a>, SNDL has been making headlines recently thanks to <a href="https://www.benzinga.com/markets/cannabis/24/07/39782251/inside-one-cannabis-companys-aggressive-loan-to-own-strategy-to-control-distressed-industry-play">its "aggressive loan-to-own strategy."</a>
The company recently announced that it has entered into a purchase agreement with cannabis edibles producer Indiva Limited and its subsidiaries. Under that deal, SNDL offered to buy all of the issued and outstanding shares of Indiva and <a href="https://www.benzinga.com/markets/cannabis/24/07/39667447/cannabis-giant-sndl-is-taking-care-of-other-companies-debts-expects-to-acquire-shares-of-canadia">the business and assets of the Indiva Group.</a>
"As explained in a recent newsletter from Viridian Capital Advisors, this approach involves acquiring secured debt from cannabis companies, pressuring them into bankruptcy and then using their debt holdings to bid for ownership of these companies' assets," Hasse wrote. "This method has allowed SNDL to expand its influence and control within the industry, leveraging both its lending arm and operational expertise to take over distressed businesses."
<h3 class="wp-block-heading">SNDL Price Action</h3>
SNDL's shares traded 0.87% higher at $2.2192 per share during the pre-market session on Tuesday morning.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/05/38740451/sndl-cannabis-co-wraps-up-q1-with-no-outstanding-debt-as-it-works-on-expanding-in-us">SNDL Cannabis Co. Wraps Up Q1 With No Outstanding Debt As It Works On Expanding In US</a> </li>
</ul>
Cannabis rescheduling seems to be right around the corner. Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> before prices surge by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.

Cannabis

SNDL

SNDL Announces Restructuring, Consolidation Of Cannabis Segments: Here's What It Means

Expands North America Retail Operations Presence in the Midwest
Expected to Add $550 Million in Estimated Annualized Revenue
BLOOMFIELD HILLS, Mich., July 16, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and nine countries, announced today the acquisition of Bill Brown Ford in southeastern Michigan.&nbsp; Located in Livonia, the dealership operations serve Michigan's largest county by population. &nbsp;The acquisition is expected to add $550 million in estimated annualized revenue.
As part of the acquisition, the Company will acquire over 200,000 square feet of existing facilities across 29 acres, including a main dealership premises, a pre-owned facility, a fleet maintenance center and a collision center.&nbsp; Bill Brown Ford is proudly an 18-time recipient of the Ford President's Award, representing a commitment to the highest level of performance, customer service and satisfaction.&nbsp;
Commenting on the acquisition, Penske Automotive Group North American Operations Officer Rich Shearing said, "We are pleased to expand our retail automotive footprint in the Midwestern U.S. and our relationship with Ford.&nbsp; For decades, Bill Brown Ford has been building partnerships within its community by creating an environment that focuses on exceeding the expectations of its customers and empowering its employees.&nbsp; We look forward to cultivating those partnerships and welcome the employees of Bill Brown Ford to the Penske Automotive Group team."
Year-to-date 2024, Penske Automotive Group has completed acquisitions representing nearly $2 billion in estimated annualized revenue.&nbsp;

Reported Earlier, Penske Automotive Group Acquired Bill Brown Ford, Financial Terms Of The Transaction Was Not Disclosed; Expected To Add $550M In Estimated Annualized Revenue

Tidewater Renewables GAAP EPS of C$0.08, revenue of C$13.16M

Tidewater Renewables GAAP EPS of C$0.27, revenue of C$24.24M

Tidewater Renewables Ltd. reports Q4 results

Tidewater Renewables Ltd. GAAP EPS of C$0.21

TDWRF

Tidewater Renewables

Scotiabank

Scotiabank analyst Robert Hope maintains Tidewater Renewables (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TDWRF#OTC">TDWRF</a>) with a Outperform and lowers the price target from C$16 to C$15.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tidewater Renewables

News

Latest news for Tidewater Renewables (OTC:TDWRF) Stock

Wednesday, June 28, 2023