Universal Power Industry Stock (OTC: UPIN)

Latest news for Universal Power Industry (OTC:UPIN) Stock

Universal Power Industry Corp is a diversified holding company. It owns, invests, and or manages businesses and real estate, and on special situations provides financing solutions to companies at various developmental stages. Its business objectives cover a wide range of sectors from consumer/industrial products and technology research and development/startups.

UNIVERSAL PWR IND CORP by Universal Power Industry Corporation

Universal Power Industry Corp

BMO Capital analyst Ketan Mamtora maintains West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) with a Outperform and raises the price target from $92 to $105.

News

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on West Fraser Timber, Raises Price Target to $105

Tilray Brands Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) shares are trading higher Tuesday after the company reported better-than-expected financial results <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40036301/tilray-should-be-a-long-term-holding-in-any-global-portfolio-of-cannabis-stocks-say">for the fourth quarter</a>.
<ul>
<li>Q4 Revenue: $229.882 million, versus <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $227.07 million</li>
</ul>
<ul>
<li>Q4 EPS: 4 cents, versus estimates for a loss of 2 cents</li>
</ul>
Total revenue was up approximately 25% on a year-over-year basis. Cannabis net revenue jumped&nbsp;12%&nbsp;to&nbsp;$71.9 million in the quarter, while beverage-alcohol net revenue increased&nbsp;137%&nbsp;to&nbsp;$76.7 million. Distribution net revenue fell to&nbsp;$65.6 million&nbsp;in the fourth quarter and Wellness net revenue increased&nbsp;6%&nbsp;to&nbsp;$15.7 million.
Gross profit came in at&nbsp;$82.4 million in the fourth quarter. Gross margin&nbsp;and adjusted gross margin was&nbsp;36%. Adjusted EBITDA increased 37% year-over-year to&nbsp;$29.5 million&nbsp;in the&nbsp;fourth quarter. Tilray noted that it reduced its net convertible debt by about $300 million in fiscal 2024.
"Tilray Brands is leading the convergence of cannabis, beverages, and wellness on a global scale," said&nbsp;Irwin Simon, chairman and CEO of Tilray Brands.
"In Fiscal 2024, the Company achieved remarkable growth across its businesses, with a&nbsp;26%&nbsp;increase in net revenue over the prior year, record-breaking performance in gross profit and adjusted EBITDA, and generated positive adjusted free cash flow for the fiscal year. We have also significantly reduced our net convertible debt by ~$300 million&nbsp;and surpassed our cost-savings synergy target, which has strengthened our balance sheet."
Following the print, Zuanic &amp; Associates senior analyst&nbsp;Pablo Zuanic maintained a <a href="https://www.benzinga.com/analyst-stock-ratings">Neutral rating</a> on Tilray shares, but noted that the stock&nbsp;should be a long-term holding in global cannabis portfolios.
Check This Out: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40036301/tilray-should-be-a-long-term-holding-in-any-global-portfolio-of-cannabis-stocks-say">&#8216;Tilray Should Be A Long-Term Holding In Any Global Portfolio Of Cannabis Stocks,&#8217; Says Analyst</a>
TLRY Price Action: <a href="https://www.benzinga.com/quote/TLRY" target="_blank" rel="noreferrer noopener">Tilray shares</a> were up 7.65% at $1.97 at the time of publication, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: iQoncept via Shutterstock.

Movers

TLRY

Tilray Stock Is Trading Higher Tuesday: Here's Why

BMO Capital analyst Jeremy Mccrea maintains Topaz Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TPZ#TSX">TPZ</a>) with a Outperform and raises the price target from C$29 to C$30.

TSX:TPZ

BMO Capital Maintains Outperform on Topaz Energy, Raises Price Target to C$30

The elite group known as the Magnificent Seven faces a decisive market test as four mega-cap tech giants report their latest <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40006542/apple-amazon-microsoft-meta-lead-the-charge-as-investors-bank-on-tech-cheer-for-ral">quarterly earnings this week. </a>
Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) will kick things off on Tuesday, reporting its fiscal fourth-quarter 2024 earnings after market close.
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) will take the spotlight after the market closes on Wednesday, potentially making for a volatile day as traders assess interest rate moves following the Federal Reserve policy meeting and Fed Chair Jerome Powell&#8216;s press conference.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) will both report their fiscal second-quarter and third-quarter earnings, respectively, on Thursday, after market close.
Collectively, these four giants have a market valuation of nearly $10 trillion, highlighting the significant impact these earnings are expected to have on the markets.
Last week, the Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>) suffered its worst day since the fund&#8217;s inception, tumbling over 6% on Wednesday. On the same day, both the S&amp;P 500 and the Nasdaq 100 indices had their worst session since late 2022. Magnificent Seven also marked their third consecutive week of declines. 
Also Read: <a href="https://www.benzinga.com/news/earnings/24/07/40018739/apple-analyst-turns-focus-to-apple-intelligence-chinese-market-share-ahead-of-q3-earnings">Apple Analyst Turns Focus To &#8216;Apple Intelligence,&#8217; Chinese Market Share Ahead Of Q3 Earnings</a>
<h3 class="wp-block-heading">What Analysts Expect</h3>
&#8220;Much depends on investor sentiment,&#8221; said David Morrison, senior market analyst at Trade Nation.
According to Morrison, the key questions to address are whether the tech sector has pulled back enough for investors to buy again, regardless of earnings. Additionally, if there are further disappointments, will it trigger another wave of selling, and will funds then shift towards smaller-cap stocks?
&#8220;There's a lot to consider, and that's before factoring in monetary policy meetings from the Federal Reserve, Bank of Japan, and Bank of England, along with the U.S. Non-Farm Payrolls on Friday. This may prove to be a decisive week ahead of the summer's main holiday month,&#8221; he added.
<h3 class="wp-block-heading">Goldman Sachs Predicts Positive Amazon Performance Ahead of Earnings</h3>
Goldman Sachs equity analyst Eric Sheridan highlighted three key debates for investors ahead of Amazon&#8217;s earnings this week.
First, he pointed to the health of the consumer, with Amazon&#8217;s eCommerce business remaining strong in Q2 despite some weakness in the UK and Germany.
Second, Sheridan observed Amazon&#8217;s potential to boost operating income margins, with expected outperformance driven by higher retail margins, increased advertising contributions, and robust AWS profitability. 
Third, he addressed the growth trajectory of AWS revenue, anticipating a reacceleration in 2024 as optimization and workload migration challenges turn into tailwinds, alongside rising AI workloads.
Goldman Sachs raised Amazon&#8217;s 12-month price target from $225 to $250, reiterating a Buy rating.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Fiscal Quarter</th>
<th>EPS Estimate</th>
<th>Revenue Estimate</th>
</tr>
</thead>
<tbody>
<tr>
<td>Microsoft Corp.</td>
<td>Q4 2024</td>
<td>$2.93</td>
<td>$64.36B</td>
</tr>
<tr>
<td>Meta Platforms Inc.</td>
<td>Q2 2024</td>
<td>$4.72</td>
<td>$38.3B</td>
</tr>
<tr>
<td>Amazon.com Inc.</td>
<td>Q2 2024</td>
<td>$1.03</td>
<td>$148.6B</td>
</tr>
<tr>
<td>Apple Inc.</td>
<td>Q3 2024</td>
<td>$1.34</td>
<td>$84.4B</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39899280/microsoft-stock-has-further-room-to-run-says-analyst-as-software-giant-remains-on-t">Microsoft Stock Has Further Room To Run, Says Analyst, As Software Giant Remains On Track To Hit $200B Cloud Revenue In 2 Years</a></li>
</ul>
Photo: Shutterstock

Earnings

Equities

Large Cap

Broad U.S. Equity ETFs

Tech

ETFs

AAPL

AMZN

MAGS

MSFT

Magnificent Seven Face Pivotal Market Moment As 4 Mega Tech Giants Report Earnings This Week

VBIV

Trading Halt: Halted at 9:15:00 a.m. ET - Trading Halt: Halt News Pending

Lockhart, Texas voters may soon have a say in whether to decriminalize the possession of small amounts of <a href="https://www.benzinga.com/topic/texas-cannabis">cannabis within the city limits</a>.
What Happened: Lockhart City Secretary Julie Bowerman sent a memo on July 23 to the City Council verifying that the Lockhart Freedom Act ballot petition — Mano Amiga Responsible Implementation (MARI) — had successfully collected <a href="https://www.benzinga.com/markets/cannabis/24/05/39085462/marijuana-activists-in-lockhart-texas-collect-enough-signatures-to-place-cannabis-decriminalizat">more than 900 signatures</a> from city voters supporting the proposition before submitting them to the city in late May.
"While this campaign is working to end needless arrests for cannabis possession, keep community members free from the harmful collateral consequences of an arrest and save scarce city resources, we are also working to build community power in Lockhart," <a href="https://drupal-cloudfront.benzinga.com/topic/elle-cross">Elle Cross</a>, MARI's campaign director, said in a release <a href="https://www.kxan.com/news/local/caldwell-county/lockhart-residents-could-vote-on-decriminalizing-marijuana-this-november/">reported</a> on Monday by KXAN, a local NBC outlet. "This policy process is as democratic as it gets, and we're hopeful that this campaign will demonstrate to our community the power we hold as a collective and the future we can build alongside one another."&nbsp;
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/40024424/ex-police-officer-turned-cannabis-ceo-calls-for-federal-marijuana-de-scheduling-in-letter-to-har">Ex-Police Officer Turned Cannabis CEO Calls For Federal Marijuana De-Scheduling In Letter To Harris, Trump, Biden</a>
Lockhart City Council's next meeting is scheduled for Aug. 6. Officials with <a href="https://drupal-cloudfront.benzinga.com/topic/cannabis-texas" target="_blank" rel="noreferrer noopener">Ground Game Texas</a>, the advocacy group that has led or supported at least 10 city-based marijuana campaigns <a href="https://www.benzinga.com/topic/texas-cannabis">across the state</a>, confirmed that the city "is on track to put the proposition on the November ballot," noted the outlet.
With the proposition on the <a href="https://www.benzinga.com/topic/2024-election">November 2024</a> ballot, voters will be able to weigh in on whether or not Lockhart will decriminalize the possession of four ounces or less of marijuana within city limits. Lockhart is one of Texas's smallest town with a population of some 15,000.
Meanwhile, advocates are celebrating.
<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">Another victory, this time in Lockhart! We are proud to have supported this campaign, and look forward to its historic passage when the people vote yes in November.<a href="https://t.co/ywuP3jWx6l">https://t.co/ywuP3jWx6l</a>
&mdash; Texas Cannabis Collective (@txcannaco) <a href="https://twitter.com/txcannaco/status/1818044927542198555?ref_src=twsrc%5Etfw">July 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h2 class="wp-block-heading">Second City This Month And One More Joins Statewide Effort</h2>
This marks the second Texas city in July wherein signatures were successfully verified for a cannabis decriminalization ballot to be voted on in November. Dallas was <a href="https://www.benzinga.com/markets/cannabis/24/07/39920347/dallas-cannabis-reform-ballot-is-a-go-decriminalization-in-november-elections-would-allow-up-to-">cleared for the ballot</a> on July 25.
Desiree Venable, a Democrat running for a seat in the Texas House, <a href="https://www.benzinga.com/markets/cannabis/24/07/39678834/texas-town-joins-statewide-push-to-decriminalize-cannabis-with-successful-petition">turned in 600 signatures</a> in early July in support of decriminalizing marijuana in&nbsp;Bastrop, a town about 30 miles outside of Austin.
Now Read: 
<ul>
<li><a href="EXCLUSIVE: House Of Kush Partners With Pleasantrees To Bring Legacy Cannabis Genetics To Michigan">Dallas Cannabis Reform Ballot Is A Go: Decriminalization In November Elections Would Allow Up To 4 Ounces Of Weed</a></li>
</ul>
Photo: El Planteo

Cannabis

Government

Regulations

Politics

Legal

Texas Officials Approve Marijuana Decriminalization Initiative In Lockhart For November Ballot

CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares are trading lower Tuesday. The stock began moving lower late Monday following reports that Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) would seek compensation from the cybersecurity company for <a href="https://www.benzinga.com/news/24/07/39870313/microsoft-crowdstrike-issue-caused-largest-it-outage-in-history-showing-how-much-we-depend-on-a-hand">last week&#8217;s outage</a>.
What Happened: According to a CNBC <a href="https://www.cnbc.com/2024/07/29/delta-hires-david-boies-to-seek-damages-from-crowdstrike-microsoft-.html">report</a>, Delta has hired attorney David Boies to seek damages from CrowdStrike and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) following an outage earlier this month that led to thousands of flight cancellations.
CrowdStrike shares are down about 33% over the past month after the company took responsibility for a major IT outage that impacted businesses across the world.
Confirming that it was not a security incident or cyberattack, CrowdStrike CEO George Kurtz said the outage was caused by "a defect found in a single content update." 
CrowdStrike shares fell as much as 5% in after-hours trading on Monday. Delta has not filed a lawsuit, but reportedly plans to seek compensation for damages. CNBC reported that the outages cost Delta an estimated $350 million to $500 million.
According to the report, insurance startup Parametrix has estimated that the IT outage resulted in total losses of about $5.4 billion for Fortune 500 companies.
Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/40016868/jim-cramer-joins-multiple-analysts-calling-the-bottom-in-crowdstrike-stock"> Jim Cramer Joins Multiple Analysts Calling The Bottom In CrowdStrike Stock</a>
Needham analyst Alex Henderson maintained CrowdStrike with a <a href="https://www.benzinga.com/analyst-stock-ratings">Buy rating</a> on Tuesday and lowered the price target from $425 to $375.
CrowdStrike is not due to report earnings for the second quarter until sometime near the end of August. The company is expected to report earnings of 98 cents per share and revenue of $959.985 million, according to estimates from <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
CRWD Price Action: <a href="http://benzinga.com/quote/crwd" target="_blank" rel="noreferrer noopener">CrowdStrike shares</a> were down 4.02% at $248.40 at the time of publication, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

CRWD

CrowdStrike Stock Continues To Slide: What's Going On?

ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) reported better-than-expected second quarter <a href="https://www.benzinga.com/news/earnings/24/07/40013753/on-semiconductor-corp-beats-q2-earnings-and-revenue-estimates">financial results on Monday</a>.
ON Semiconductor reported a fiscal second-quarter 2024 revenue decline of 17.2% year-on-year to $1.74 billion, beating the analyst consensus estimate of $1.73 billion. The adjusted EPS of 96 cents beat the analyst consensus estimate of 92 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
CEO Hassane El-Khoury said, "As reflected by our recent supply agreement with Volkswagen Group, we also continue to strengthen our silicon carbide leadership position in automotive as we ramp production with leading global OEMs in Europe, North America and China."
ON Semiconductor said it expects third-quarter adjusted revenue of $1.70 billion – $1.80 billion, versus the consensus of $1.73 billion. The company sees adjusted EPS of 91 cents to $1.03 versus the consensus of 92 cents.
ON Semiconductor shares gained 11.5% to close at $78.27 on Monday.
These analysts made changes to their price targets on ON Semiconductor following the announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59f1c1bdefacff0001706787/harlan-sur">JP Morgan analyst Harlan Sur</a> maintained ON Semiconductor with a Neutral rating, while raising the price target from $85 to $88.</li>
<li><a href="https://widgets.benzinga.com/analyst-stock-ratings/analyst/60216a57879cba00010f246b/david-williams">Benchmark analyst David Williams</a> maintained the stock with a Buy rating, while increasing the price target from $80 to $90.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8eb85e9300015f1ae6/william-stein">Truist Securities analyst William Stein</a> maintained ON Semiconductor with a Buy rating and boosted the price target from $85 to $97.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/40029782/us-stocks-close-mixed-ahead-of-big-earnings-fed-decision-investor-optimism-improves-further">US Stocks Close Mixed Ahead Of Big Earnings, Fed Decision: Investor Optimism Improves Further</a></li>
</ul>

Markets

Trading Ideas

ON Semiconductor Analysts Increase Their Forecasts Following Upbeat Earnings

Expanded geographic presence and new LATAM leader will bring proven digital signage solutions to a wider range of businesses seeking an elevated customer experience
LOUISVILLE, Ky., July 30, 2024 (GLOBE NEWSWIRE) -- Creative Realities, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREX#NASDAQ">CREX</a>), a leading provider of digital signage and media solutions, announces its strategic expansion into Mexico and the broader Latin America market, along with the appointment of its new LATAM leader, Julian Arcila. This move marks a significant development in the fast-growing LATAM digital signage market as Creative Realities solidifies a robust presence in the region and further strengthens its footprint across North America.
In recent years, Creative Realities has been engaging with sports and entertainment customers in Latin America. With increasing inquiries from customers about its capabilities in Mexico, the decision to expand was driven by both market demand and the immense growth opportunities within the region.

Global

CREX

Creative Realties New Strategic Expansion In Mexico And The Broader Latin America Market, To Accelerate The Booming Digital Signage Market

Keefe, Bruyette &amp; Woods analyst Ryan Krueger maintains Principal Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>) with a Market Perform and lowers the price target from $88 to $86.

Keefe, Bruyette & Woods Maintains Market Perform on Principal Finl Gr, Lowers Price Target to $86

Two poster presentations at AAIC provide early evidence of the value of ultra-low-field Swoop&#xAE; system MR brain images in ARIA-E detection and morphography evaluation in patients with Alzheimer's disease
Hyperfine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYPR#NASDAQ">HYPR</a>), the groundbreaking health technology company that has redefined brain imaging with the first FDA-cleared portable magnetic resonance (MR) brain imaging system—the Swoop&#xAE; system—today announced the presentation of data using the Swoop system to image patients with Alzheimer's disease including initial data from the CARE PMR study. The data was presented at the 2024 Alzheimer's Association International Conference (AAIC) in Philadelphia from July 28 to August 1.
The CARE PMR (Capturing ARIA Risk Equitably with Portable MR) study is a collection of data from multiple sites assessing the clinical utility and workflow benefits of using Swoop&#xAE; system images to detect amyloid-related imaging abnormalities (ARIA) in Alzheimer's patients receiving amyloid-targeting therapy. These investigator-initiated observational studies aim to provide insights into the potential of ultra-low-field, portable MR brain imaging to enhance care for patients with Alzheimer's disease across many sites of care.

Biotech

General

HYPR

Hyperfine To Present Initial Data From Observational Clinical Studies Evaluating The Use Of Portable MR Brain Imaging For Alzheimer's Patients

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading marginally higher on Tuesday <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">in the premarket session.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLUG stock has lost over 81% in the past year. Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
Today, the company announced that it has&nbsp;hired Dean Fullerton as its new Chief Operating Officer (COO).
Fullerton joins from Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), where he was responsible for engineering services for North America, Europe and emerging countries.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/07/40036443/real-bitcoin-bull-market-is-yet-to-commence-violent-up-only-price-action-will-mirror-previ" rel="noreferrer noopener">&#8216;Real&#8217; Bitcoin Bull Market Is Yet To Commence: &#8216;Violent Up-Only Price Action&#8217; Will Mirror Previous Cycles, Touts Trader</a>
Plug and Amazon have enjoyed a long-term business relationship characterized by strategic investments and successful collaborations.
In April 2017, Amazon signed a major deal to acquire Plug&#8217;s hydrogen fuel cell solutions for its material-handling equipment.
Over the past seven years, their partnership has grown, expanding to additional sites and applications of Plug&#8217;s hydrogen fuel cells.
&#8220;Hiring Dean as COO is a landmark hire for our organization,&#8221; said Plug CEO Andy Marsh.
As COO for Plug, Fullerton will work with the executive team to craft and execute strategic plans, focusing on growth opportunities and operational enhancements. He will oversee global project execution, manufacturing, supply chain, and hydrogen generation.
Plug Power said that Fullerton&#8217;s role will be crucial in guiding the organization toward its strategic goals.
&#8220;As a long-time client of ours, we have a strong working relationship with Dean and look forward to his contributions to the expansion of our logistics operations as we pioneer and scale up a vertically integrated green hydrogen ecosystem,&#8221; Marsh added.
Price Action: PLUG shares are trading higher by 0.42% to $2.410 premarket 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 via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39999476/melania-trumps-new-memoir-promises-unseen-photos-and-revelations-before-election" target="_blank" rel="noreferrer noopener">Melania Trump&#8217;s New Memoir Promises Unseen Photos And Revelations Before Election</a></li>
</ul>

Management

ETF Series Solutions Defiance Next Gen H2 ETF

HDRO

HYDR

PLUG

What's Going On With Plug Power Stock Today?

Keefe, Bruyette &amp; Woods analyst Christopher O'Connell maintains Northfield Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFBK#NASDAQ">NFBK</a>) with a Market Perform and raises the price target from $9.5 to $11.25.

NFBK

Keefe, Bruyette & Woods Maintains Market Perform on Northfield Bancorp, Raises Price Target to $11.25

Consideration for the Acquisition to be&nbsp;$33.00&nbsp;per share in a mix of cash and Lundin Mining shares; concurrently, Filo announces a&nbsp;C$115 Million&nbsp;Private Placement to BHP and Lundin Mining in
Consideration for the Acquisition to be&nbsp;$33.00&nbsp;per share in a mix of cash and Lundin Mining shares; concurrently, Filo announces a&nbsp;C$115 Million&nbsp;Private Placement to BHP and Lundin Mining in connection with the Acquisition. 
&nbsp;
Highlights of the deal
<ul>
<li>Crystalizes immediate value for Filo shareholders and delivers a clear and credible path to developing Filo del Sol to its full potential, backed by two of the world&#39;s leading copper miners;</li>
<li>Consolidation of two key assets in the Vicu&ntilde;a district by the JV creates a market-leading operational footprint in the district and offers:
<ul>
<li>Strong balance sheet capacity to fund future project development;</li>
<li>Potential to capture synergies and operational efficiencies; and</li>
<li>The ability for&nbsp;Filo del Sol to benefit from recently passed legislation in&nbsp;Argentina&nbsp;benefiting projects entering development;</li>
</ul>
</li>
<li>Filo shareholders that receive Lundin Mining shares will maintain upside exposure to the JV, while also benefiting from:
<ul>
<li>Jurisdictional and project risk diversification in a company with diversified asset portfolio with long-life assets operating globally;</li>
<li>Exposure to strong and increasing cash flow generation and dividends; and</li>
<li>Enhanced market profile with greater share liquidity.</li>
</ul>
</li>
</ul>

FLMMF

LUNMF

CORRECTED: Reported Monday, BHP And Lundin Mining To Acquire Filo Corp For C$4.1B, Offering C$33/ Share In Cash And Lundin Mining Shares Or Mix Of Both

China Jo-Jo Drugstores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJJD#NASDAQ">CJJD</a>) reported quarterly losses of $(2.93) per share. This is a 92.93 percent increase over losses of $(41.46) per share from the same period last year. The company reported $154.54 million in sales this quarter. This is a 3.85 percent increase over sales of $148.81 million the same period last year.

CJJD

China Jo-Jo Drugstores FY EPS $(2.93) Up From $(41.46) YoY, Sales $154.54M Up From $148.81M YoY

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains Meritage Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) with a Market Perform and raises the price target from $195 to $210.

Keefe, Bruyette & Woods Maintains Market Perform on Meritage Homes, Raises Price Target to $210

Micron Technology Ships Industry-First Ninth-Generation TLC NAND In SSDs; G9 NAND Achieves 3.6 GB/s Transfer Speed, Enhancing Performance For AI And Data-Intensive Applications; Offers 73% Higher Density Than Competitors

<ul>
<li>New product line is the industry's first to integrate Arm&#xAE; Neoverse&#xAE; processors, inline compression, and four memory channels.</li>
<li>Structera&#x2122; A CXL near-memory accelerator family is optimized to address high-bandwidth memory applications such as deep learning and ML/AI on general-purpose servers.</li>
<li>Structera&#x2122; X CXL memory-expansion controller family is the first to support up to 12 DDR4 memory modules, enabling module recycling to reduce e-waste and maximize server memory capacity for applications such as in-memory databases.</li>
</ul>
SANTA CLARA, Calif., July 30, 2024 /PRNewswire/ -- <a href="https://www.marvell.com/">Marvell Technology, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), a leader in data infrastructure semiconductor solutions, today launched the <a href="https://www.marvell.com/products/cxl.html">Marvell&#xAE; Structera&#x2122; product line of Compute Express Link&#xAE; (CXL&#xAE;)</a>&nbsp;devices that enable cloud data center operators to overcome memory performance and scaling challenges in general-purpose servers.

MRVL

Marvell Introduces Structera CXL Product Line To Address Server Memory Bandwidth And Capacity Challenges In Cloud Data Centers

Guidance

SOFI

CORRECTION: SoFi Sees FY24 Revenue $2.425B-$2.465B Vs $2.783B Estimate, $2.39B-$2.43B Prior

Hologic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) reported upbeat earnings for its third quarter, but <a href="https://www.benzinga.com/quote/HOLX/earnings">issued soft guidance</a> on Monday.
Hologic reported quarterly earnings of $1.06 per share which beat the analyst consensus estimate of $1.02 per share. The company reported quarterly sales of $1.011 billion which beat the analyst consensus estimate of $1.000 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
&#8220;In our third quarter of fiscal 2024, Hologic returns to top-line reported growth and once again exceeded the high-end of our guidance for both the top and bottom-line,&#8221; said Stephen P. MacMillan, the Company&#8217;s Chairman, President and Chief Executive Officer. &#8220;Our strong fiscal quarter and year-to-date results continue to highlight the durable strength across our broad portfolio, with our Diagnostics (ex-COVID), Breast Health, and Surgical franchises delivering at or above our expectations. We are excited to finish fiscal 2024 strong as we continue to build for the long term.&#8221;
Hologic said it sees fourth-quarter adjusted earnings of 97 cents to $1.04 per share, versus market estimates of $1.04 per share. The company projects FY24 adjusted earnings of $4.04 to $4.11 per share, versus estimates of $4.07 per share.
Hologic shares gained 1.3% to close at $79.64 on Monday.
These analysts made changes to their price targets on Hologic following the announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6363d9392048c30001610cbe/casey-woodring">JP Morgan analyst Casey Woodring</a> maintained Hologic with an Overweight rating, while raising the price target from $91 to $95.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/63905fc4392e5e0001d32087/conor-mcnamara">RBC Capital analyst Conor McNamara</a> maintained the stock with a Sector Perform rating and boosted the price target from $81 to $82.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5df0d202bffdfc000193c4f3/mike-matson">Needham analyst Mike Matson</a>, meanwhile, reiterated Hologic with a Buy rating and maintained a $90 price target.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/40029782/us-stocks-close-mixed-ahead-of-big-earnings-fed-decision-investor-optimism-improves-further">US Stocks Close Mixed Ahead Of Big Earnings, Fed Decision: Investor Optimism Improves Further</a></li>
</ul>

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