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Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has started sending <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36039263/did-tesla-overpromise-and-underdeliver-with-the-cybertruck">Cybertruck delivery invites</a> to long-term shareholders who opted for early delivery, company executive Martin Viecha said on Friday. 
What Happened: &#8220;The first batch of early Cybertruck delivery invites for long-term shareholders just went out &#8211; please check your inbox!,&#8221; Viecha wrote in a post on X, formerly Twitter. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The first batch of early Cybertruck delivery invites for long-term shareholders just went out &#8211; please check your inbox! Sorry about the delay, verifying statements of so many shareholders is taking some time. More to come! Thanks <a href="https://twitter.com/J0se?ref_src=twsrc%5Etfw">@J0se</a>, his team and the IR team &#x1f642; <a href="https://t.co/jshOaWmm6u">https://t.co/jshOaWmm6u</a>
&mdash; Martin Viecha (@MartinViecha) <a href="https://twitter.com/MartinViecha/status/1784006816625770877?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
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Tesla announced an <a href="https://www.benzinga.com/news/24/03/37610567/tesla-offers-early-cybertruck-delivery-to-long-term-shareholders-how-to-check-if-you-qualify">exclusive offer to its long-term shareholders</a>, allowing them to receive early delivery of the Foundation Series Cybertruck, in March. The criteria was that the Cybertruck reservation be made in the shareholder&#8217;s name before March 1. Each participant must further provide brokerage statements showing that they owned Tesla shares on Feb. 28, 2021, and owned at least 500 Tesla shares on Feb. 29. The more recent brokerage statement must also show that the participant still owns at least half of the shares they owned as of Feb. 28, 2021, the company said. 
Viecha on Friday pegged the delay in sending out the first batch of invites to the statement verification process. The company had to verify statements from &#8220;so many shareholders,&#8221; he said, hinting that several shareholders opted into the offer. 
Cybertruck Delivery Timeline: Tesla aims to deliver 250,000 units of the Cybertruck in a year <a href="https://www.benzinga.com/news/23/10/35322048/tesla-ceo-elon-musk-details-enormous-challenges-in-reaching-volume-production-for-cybertruck-we-dug">starting in 2025. </a>
During Tesla's third-quarter earnings call in October, a month before the Cybertruck&#8217;s delivery event,&nbsp;Musk had said that over a million people had already reserved the vehicle. 
In January, Tesla Supply Chain Vice President&nbsp;Karn Budhiraj&nbsp;said&nbsp;that the conversion of reservations to orders for the vehicle has been &#8220;very encouraging&#8221; and that the company has been receiving new orders since the vehicle's launch, implying that those lower below the waitlist might have to wait for their vehicles until 2026 or later<a href="https://www.benzinga.com/news/24/02/37174949/want-your-cybertruck-delivered-faster-tesla-offers-priority-option-if-you-have-these-many-referral-c"> without these offers.</a> 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/government/24/04/38454591/breaking-nhtsa-starts-probe-into-teslas-software-fix-for-2m-vehicles-recalled-in-december">Did Tesla&#8217;s Software Update Fix Autosteer Problems For 2M Cars? NHTSA Starts Probing</a>
Photo via Shutterstock

News

Tech

TSLA

'Check Your Inbox!': Tesla Sends Out Expedited Cybertruck Delivery Invites To Long-Term Shareholders

Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; has outlined the key events that investors should keep an eye on in the upcoming week.
What Happened: Cramer highlighted the significant events scheduled for the week, including earnings reports from&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>),&nbsp;Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and&nbsp;Eli Lilly and Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>),&nbsp;<a href="https://www.cnbc.com/2024/04/26/cramers-week-ahead-fed-meeting-and-apple-amazon-eli-lilly-report.html">reported</a> CNBC on Friday.
He also spoke about the importance of the <a href="https://www.benzinga.com/topic/fomc-meeting">Federal Reserve meeting</a> on Wednesday and the&nbsp;employment figures from the Department&nbsp;of Labor on Friday.
The Mad Money host expressed his concerns about the economy, stating, &#8220;We&nbsp;have to run such a&nbsp;ridiculous gauntlet next week that&nbsp;I have no idea how&nbsp;it'll play out.&#8221; Adding, &#8220;But&nbsp;I do think the economy's&nbsp;getting weaker — I just&nbsp;hope the Federal Reserve has noticed.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
On Monday,&nbsp;SoFi&nbsp;and&nbsp;Domino&#8217;s Pizza&nbsp;will report their earnings. Tuesday will see reports from&nbsp;Eli Lilly,&nbsp;McDonald&#8217;s,&nbsp;Amazon, and&nbsp;Starbucks. Wednesday will feature reports from&nbsp;CVS,&nbsp;Pfizer,&nbsp;Wingstop,&nbsp;Carvana, and&nbsp;Marriott, as well as the Fed&#8217;s rate announcement.
Cramer said Eli Lilly&#8217;s outcomes will offer clarity on the sales performance of the <a href="https://www.benzinga.com/general/biotech/24/04/38356901/changing-frugal-eating-habits-how-novo-nordiskeli-lillys-weight-loss-drugs-reshaping-food-spendin">company&#8217;s weight loss</a> and diabetes drug, along with further details on the potential approval timeline for its Alzheimer&#8217;s treatment by <a href="https://www.benzinga.com/general/biotech/24/03/37558545/eli-lillys-donanemab-for-alzheimers-hits-fda-speed-breaker-biogen-stock-gains-on-delayed-decision">the Food and Drug Administration</a>.
On Thursday, Apple is set to release its report, with Cramer highlighting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38378204/apple-is-a-top-stock-pick-for-2024-analyst-says-4-catalysts-to-look-for-in-next-ear">significant investor skepticism</a> toward the Big Tech firm. He pointed out that <a href="https://www.benzinga.com/news/24/03/37821802/apple-vision-pro-gets-nvidia-boost-with-dedicated-data-centers-to-stream-advanced-3d-experiences">Apple&#8217;s collaboration</a> with Nvidia, facilitating enterprise applications for the Vision Pro, could potentially bolster the stock.
Why It Matters: On Thursday, Cramer <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38456821/jim-cramer-scoffs-at-disproportionate-coverage-of-apple-while-google-and-microsoft-">criticized the disproportionate coverage</a> of Apple&#8217;s struggles compared to the successes of Google and Microsoft. He pointed out that while Apple&#8217;s challenges with antitrust regulations and declining iPhone sales in China received major attention, the <a href="https://www.benzinga.com/news/24/04/38459818/real-deal-amid-microsoft-google-earnings-techpreneur-says-by-2030-companies-not-fully-utilizing-ai-w">remarkable quarterly results</a> of Google and Microsoft barely made the news.
He has previously also&nbsp;<a href="https://www.benzinga.com/news/earnings/24/04/38406798/jim-cramer-takes-potshots-at-tesla-boeing-shrugs-off-post-earnings-rally-as-smacks-of-fiction-horre">expressed skepticism</a>&nbsp;about the post-earnings rally of Tesla and Boeing, stating that it &#8220;smacks of fiction not fact.&#8221; 
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/04/38368953/jim-cramer-sees-nvidia-as-going-from-star-of-the-show-to-being-the-goat-of-the-game?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Sees Nvidia As Going &#8216;From Star Of The Show To Being The Goat Of The Game&#8217;</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Courtesy of Scott Beale on Flickr

Market Summary

AAPL

AMZN

NVDA

Jim Cramer Weighs In Ahead Of Apple, Amazon, Eli Lilly Earnings: 'We Have To Run Such A Ridiculous Gauntlet Next Week'

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has hiked the price of its new <a href="https://www.benzinga.com/news/24/04/38401202/teslas-new-53k-model-3-performance-eligible-for-full-tax-credits-but-leasing-long-range-might-be-che">Model 3 Performance </a>in the U.S. by $1000, merely days after its launch. 
What Happened: The Model 3 Performance is now priced at $53,990 on Tesla&#8217;s website. The company launched the new variant only on Tuesday, ahead of its first-quarter results. 
The Model 3 Performance, unlike the other two versions of Model 3, is eligible for a $7,500 federal EV tax credit, taking the effective price for eligible buyers down to $46,490, below even the Long Range version of the vehicle. 
The Performance version has a range of 296 miles and a top speed of 163 mph. On ordering the vehicle now, customers can take delivery by June. 
Why It Matters: In January, Tesla introduced the <a href="https://www.benzinga.com/news/24/01/36570546/you-can-finally-order-teslas-new-model-3-in-america-heres-its-starting-price">updated Model 3</a> in the U.S., initially offering two variants: rear-wheel drive and long-range. The Performance variant was conspicuously absent from the listings. However, a company executive affirmed its forthcoming availability.
Tesla slashed prices on all trim levels of the Model Y, S, and X in the U.S. by <a href="https://www.benzinga.com/markets/equities/24/04/38345362/tesla-slashes-model-s-x-and-y-prices-in-us-by-2-000-in-late-friday-move-as-volume-growth-turns-n">$2,000 earlier this month. </a>It spared the refreshed Model 3 then. 
Price Action:&nbsp;Tesla stock closed down 1.11% at $168.28 per share on Friday, according to data from&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro.</a>&nbsp;The stock is down 32.26% year-to-date.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/mobility" rel="noreferrer noopener">following this link</a>.
Read More:<a href="https://www.benzinga.com/news/24/04/38453221/another-blow-to-tesla-hertzs-ev-disposal-plan-jumps-by-10k-as-car-rental-company-aims-for-95-gas-pow"> Another Blow To Tesla? Hertz&#8217;s EV Disposal Plan Jumps By 10K As Car-Rental Company Aims For 95% Gas-Powered Fleet By Year-End</a>
Photo via Shutterstock

Tesla Increases Price Of Model 3 Performance By $1K In US Days After Launch

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has reportedly resumed discussions with Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI about incorporating the startup&#8217;s AI technology into the <a href="https://www.benzinga.com/news/24/03/37932418/apple-reportedly-readying-ios-18-with-home-screen-redesign-and-ai-upgrades">upcoming iPhone features</a>.
What Happened: Apple is in talks with OpenAI to potentially integrate its technology into the iPhone&#8217;s next operating system, iOS 18, <a href="https://www.bloomberg.com/news/articles/2024-04-26/apple-intensifies-talks-with-openai-for-iphone-generative-ai-features">Bloomberg</a> reported.
The companies are discussing the terms of the agreement and how OpenAI&#8217;s features would be integrated into iOS 18.
This development marks the reopening of discussions between the two companies. While Apple had initially collaborated with OpenAI earlier this year, there has been minimal engagement between the two entities since then.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Apple has not yet made a final decision on its partners and there is no guarantee that a deal will be reached. The company may ultimately strike a deal with both OpenAI and Google or choose another provider altogether.
Apple and OpenAI did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga's</a> request for comment.
See Also: <a href="https://www.benzinga.com/news/24/04/38424000/mark-zuckerberg-shades-apple-vision-pro-once-again-calls-it-fashionable-ai-glasses-without-a-display?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Shades Apple Vision Pro Once Again, Calls It &#8216;Fashionable AI Glasses Without A Display&#8217;</a>
The iOS 18 update is set to include several new features based on <a href="https://www.benzinga.com/markets/equities/24/03/37819063/apples-in-house-ai-features-for-ios-18-are-codenamed-project-graymatter-separate-from-googles-ge">Apple&#8217;s in-house large language model AI model</a>. The company is also seeking partners to power a chatbot-like feature similar to OpenAI&#8217;s ChatGPT.
Why It Matters: The renewed talks between Apple and OpenAI come amidst Apple&#8217;s <a href="https://www.benzinga.com/news/24/03/37771653/apple-in-talks-with-google-to-license-gemini-ai-models-for-future-iphones-report">ongoing discussions with</a> Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google about licensing the latter&#8217;s Gemini AI models for future iPhones. The potential deal with OpenAI and Google could also significantly impact the iPhone&#8217;s AI capabilities.
Apple&#8217;s CEO, Tim Cook, has been vocal about the company&#8217;s plans to <a href="https://www.benzinga.com/markets/equities/24/03/37871211/google-or-microsoft-backed-openai-apple-hasnt-picked-the-winner-yet-for-its-ai-ambitions-report">introduce new AI features</a> on a &#8220;very thoughtful basis.&#8221; By collaborating with external partners like OpenAI and Google, Apple aims to accelerate its AI push and enhance its devices&#8217; AI capabilities while mitigating potential risks.
Price Action: Apple's shares closed 0.35% lower at $169.30 on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37784585/gene-munster-says-apple-will-fight-to-rebrand-gemini-on-iphone-but-the-deal-is-what" target="_blank" rel="noreferrer noopener">Gene Munster Says ‘Apple Will Fight' To Rebrand Gemini On iPhone, But The Deal Is What Google Investors Have Been ‘Waiting For The Last 6 Months'</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo by Thai Nguyen on Unsplash

General

GOOG

GOOGL

MSFT

Goodbye Google Gemini? Apple In Talks With Microsoft-Backed OpenAI For iPhone AI Features: Report

Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO&nbsp;Elon Musk&nbsp;has placed high hopes on its&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/38012152/tesla-rolls-out-30-day-free-trial-for-its-full-self-driving-software" rel="noreferrer noopener">Full Self-Driving</a>&nbsp;(FSD) software. However, the electric vehicle giant&#8217;s autonomous driving technology continues to be controversial. On Thursday, a tech entrepreneur made some shocking claims that further clouded the outlook for the technology.
Red Flags: <a href="https://www.benzinga.com/23/11/35841525/elon-musk-under-fire-facebook-co-founder-calls-for-resignation-from-tesla-amid-antisemitism-controve">Dustin Moskovitz</a>, co-founder of&nbsp;Facebook&nbsp;(now&nbsp;Meta), expressed strong concerns about Tesla in a post on Meta&#8217;s&nbsp;Threads&nbsp;messaging app. He compared Tesla&#8217;s situation to the infamous collapse of energy company&nbsp;Enron, stating, &#8220;I know I sound crazy to most people who don&#8217;t follow $TSLA closely but at this&nbsp;point&nbsp;it&nbsp;really&nbsp;needs to be said. This is Enron now, folks.&#8221;
Enron executives systematically inflated their company&#8217;s financial performance for years, hiding billions in debt through a web of complex financial instruments. It eventually came crashing down, leading to one of the biggest corporate scandals in U.S. history.
Moskovitz, who also serves as CEO of work-management platform&nbsp;Asana, suggested that Tesla could face legal repercussions. &#8220;People are going to jail at the end,&#8221; he warned.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock" rel="noreferrer noopener">Everything You Need To Know About Tesla Stock</a>
Skeletons In The Closet?&nbsp;Moskovitz accused Tesla of presenting misleading data about FSD capabilities. &#8220;The data doesn&#8217;t say what they claim it says, even when they make it up,&#8221; he stated. He further alleged that Tesla has &#8220;committed consumer fraud on a massive scale&#8221; through misrepresentations about FSD, vehicle ranges, and potentially even odometer readings.
There have been social media reports of Tesla vehicles displaying inaccurate odometer readings, potentially affecting range calculations. Moskovitz shared a social media post from a user who claimed a 20% discrepancy between their Tesla Model Y&#8217;s odometer and a&nbsp;Lexus RZ.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is Tesla inflating odometer to show more range, ding lessors with over miles and duck repairs under warranty? As I return my leased Model Y I noticed the odometer is off by 20% vs my Lexus RZ. Turns out other Tesla owners have a similar concern. Is Musk gaming the Tesla odometer? <a href="https://t.co/jM8Pmf6U1D">https://t.co/jM8Pmf6U1D</a> <a href="https://t.co/h4BB0iiar6">pic.twitter.com/h4BB0iiar6</a>
&mdash; Facts Chaser &#x1f30e; &#x1f926;&#x1f3fb;&#x200d;&#x2642;&#xfe0f; (@Factschaser) <a href="https://twitter.com/Factschaser/status/1782247551896269052?ref_src=twsrc%5Etfw">April 22, 2024</a></blockquote>
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Tesla, however, has not responded to any of these allegations.
Questionable FSD Progress:&nbsp;To support his claims of fraudulent data, Moskovitz shared a Bloomberg chart on Tesla&#8217;s software sales revenue. &#8220;Tesla makes up more in revenue straight from their imagination every single quarter than my company does selling actual products in a year,&#8221; he quipped.
Moskovitz also questioned the recent update to Tesla&#8217;s FSD progress graph. He pointed out that Tesla AI celebrated achieving 1 billion FSD miles on April 3, shortly after <a href="https://www.benzinga.com/news/24/03/37926548/elon-musk-rolls-out-free-full-self-driving-trial-to-us-tesla-owners-but-only-for-a-month">the free FSD trial</a> began on March 25.&nbsp;
&#8220;The new graph is humorously ambiguous&nbsp;wrt&nbsp;dates. Is &#8216;March 2024&#8217; the 1st? The 31st? Why is the inflection &#x2A;after&#x2A; the 1B miles milestone in the new graph?&#8221; Moskowitz said. &#8220;I guess trying to avoid the obvious conclusion the inflection comes from the trial rollout.&#8221;
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26151642/Screenshot-2024-04-27-at-12.46.34%E2%80%AFAM-702x1024.png" alt="" class="wp-image-311493" /></figure>
Tesla&#8217;s FSD: A Risky Gamble?&nbsp;The&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38286437/tesla-ceo-elon-musk-says-going-balls-to-the-wall-for-autonomous-driving-is-blindingly-obvious-as-eve" rel="noreferrer noopener">success of FSD</a>&nbsp;is crucial for Tesla, as it forms the foundation of its planned&nbsp;robotaxi&nbsp;service. The company is scheduled to unveil its&nbsp;robotaxi&nbsp;program in August. However, concerns persist regarding the technology&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/10/35125361/exclusive-dawn-projects-dan-odowd-warns-teslas-terrible-fsd-could-be-banned-blames-musk-for-coordina" rel="noreferrer noopener">level of autonomy, safety</a>, and regulatory approval.
While some&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32357884/cathie-wood-unfazed-by-autopilot-concerns-calls-teslas-fsd-most-impactful-ai-projec" rel="noreferrer noopener">analysts believe FSD</a>&nbsp;could become a significant revenue driver for Tesla due to its recurring revenue model, they acknowledge it&#8217;s a long-term play. This adds pressure, especially with Tesla&#8217;s core electric vehicle business facing industry-wide challenges.
Tesla&#8217;s stock had been on a downward trend since the second half of 2023 but has shown some recovery since its first-quarter earnings announcement. The company&#8217;s confirmation of a low-cost model launch has offered investors a glimmer of hope.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38453144/teslas-robotaxi-plan-hasnt-excited-investors-but-fund-manager-gary-black-says-this-"> Tesla&#8217;s Robotaxi Plan Hasn&#8217;t Excited Investors, But Fund Manager Gary Black Says This Is What Matters More: &#8216;No Other Way To Interpret This&#8230;&#8217;</a>
Photo via Shutterstock

Rumors

Tesla 'Is Now Enron, Folks:' Facebook Co-Founder Claims Musk's EV Giant Is Cooking Up Some FSD Data

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk has responded to the allegations of &#8220;consumer fraud on a massive scale&#8221; made by Facebook co-founder Dustin Moskovitz.
What Happened: On Thursday, Moskovitz, the CEO and co-founder of software company Asana, took to Threads and accused Tesla of fraudulent practices. He likened the EV giant&#8217;s actions to those of Enron, a corporation that <a href="https://www.benzinga.com/general/education/21/12/24405944/this-day-in-market-history-enron-declares-bankruptcy">went bankrupt in 2001</a> due to a massive accounting fraud.
&#8220;I know I sound crazy to most people who don&#8217;t follow $TSLA closely but at this point it really needs to be said. This is Enron now, folks,&#8221; he said, adding, &#8220;It may keep going, but people are going to jail at the end.&#8221;
He went on to say, &#8220;Tesla has committed consumer fraud on a massive scale, from lying about FSD, ranges, and (recently, unconfirmed!) even inflating odometers,&#8221; adding, &#8220;Many times now, also securities fraud.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38349837/elon-musk-agrees-every-american-household-will-have-a-1-000-per-month-home-robot-in-7-years-time?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees Every American Household Will Have A $1,000-Per-Month Home Robot In 7 Years&#8217; Time</a>
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Moskovitz&#8217;s allegations are based on&nbsp;a graph Tesla shared to&nbsp;mark a significant&nbsp;milestone: one billion miles driven&nbsp;using Full Self-Driving, the company&#8217;s&nbsp;advanced driver assist system. 
He&nbsp;said that Tesla is incorrectly recognizing its deferred revenue&nbsp;as earned revenue through the&nbsp;wider release of its Autopark&nbsp;feature, resulting in inflated numbers.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26211904/Screenshot-2024-04-27-at-6.48.56%E2%80%AFAM-1024x819.png" alt="" class="wp-image-311686" /></figure>
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Musk has been responding to his allegations on X, formerly Twitter, mostly by ridiculing Moskovitz. In one of the posts on X, he said,&nbsp;&#8220;Yeah, Dustin is the one&nbsp;who should go to jail&nbsp;for impersonating a smart person,&#8221; Musk wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yeah, Dustin is the one who should go to jail for impersonating a smart person
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1783956942836379751?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: This is not the first time Moskovitz has criticized Tesla and Musk. Last year, he&nbsp;<a href="https://www.benzinga.com/23/11/35841525/elon-musk-under-fire-facebook-co-founder-calls-for-resignation-from-tesla-amid-antisemitism-controve">called for Musk&#8217;s resignation</a>&nbsp;from all his roles, including his position as CEO of Tesla, following a controversial tweet endorsing an antisemitic post. 
Moskovitz&#8217;s skepticism about Musk&#8217;s success also led to a <a href="https://www.benzinga.com/news/23/07/33453340/is-elon-musks-success-a-result-of-deception-facebook-co-founder-challenges-true-impact-of-tesla-spac">contentious debate</a> over whether Musk&#8217;s companies, Tesla and SpaceX, were as revolutionary as they were portrayed. 
&#8220;If they were really built on outward lies, rather than just self-deceptions (rose-colored glasses), then we should really see them as scams he got away with,&#8221; he said in July 2023. 
Meanwhile, Tesla has been facing a tumultuous period, with the company <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">reporting a 9% year-over-year revenue decrease</a> in the first quarter of 2024. The revenue total fell short of the Street consensus estimate of $22.15 billion, according to <a href="https://www.benzinga.com/pro/feature/newsfeed?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">data from Benzinga Pro.</a>
Price Action: Tesla shares closed 1.11% lower at $168.29 on Friday.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38268298/when-elon-musk-met-jack-ma-and-instantly-regretted-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk's Tesla Slashes Price Of Full Self-Driving Package By Half: ‘…Now $99/Month'</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Elon Musk Claps Back At Facebook Co-Founder's Consumer Fraud Accusations Against Tesla: 'Should Go To Jail For Impersonating A Smart Person'

Netflix loves launching new stuff on its platform every week to keep things fresh but that also makes every weekend a bit of an adventure to try and stay ahead of what&#8217;s worth a watch and what&#8217;s just &#8216;meh.&#8217; Well, that&#8217;s where we step in.
With the sun shining, we&#8217;ve combed through all the new, new-to-us, and new-to-stream fare gracing the streamer's digital shelves to craft a watch list that spares you the trouble of wasting precious weekend hours in sifting through Netflix&#8217;s endless catalogue.
Here are our top picks for what to watch on Netflix this weekend:
<h3 class="wp-block-heading">1. Dead Boy Detectives</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103217/Dead-Boy-Detectives-1024x576.jpg" alt="Dead Boy Detectives is about a pair of teenagers investigating paranormal mysteries. Image credit: Tudum/ Netflix" class="wp-image-311009" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103217/Dead-Boy-Detectives-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103217/Dead-Boy-Detectives-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103217/Dead-Boy-Detectives-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103217/Dead-Boy-Detectives.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Dead Boy Detectives is about a pair of teenagers investigating paranormal mysteries. Image credit: Tudum/ Netflix</figcaption></figure>
Spawned from the imaginative world of Neil Gaiman's comics, Dead Boy Detectives tells the tale of two British teens who shun the afterlife to linger on Earth. Edwin and Charles, the spirited duo, along with Crystal, an American clairvoyant, journey to the U.S. to tackle eerie mysteries involving the supernatural. Their adventures are packed with encounters with ghosts, witches, and even Death itself as they roam the former colonies.
<h3 class="wp-block-heading">2. Anyone But You</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103425/Anyone-But-You-1024x576.jpg" alt="Anyone But You is an edgy comedy that features Sydney Sweeney and Glen Powell. Image credit: Tudum/ Netflix" class="wp-image-311016" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103425/Anyone-But-You-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103425/Anyone-But-You-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103425/Anyone-But-You-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103425/Anyone-But-You.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Anyone But You is an edgy comedy that features Sydney Sweeney and Glen Powell. Image credit: Tudum/ Netflix</figcaption></figure>
Turning a Shakespeare classic on its head, Anyone But You features a snappy, modern twist on &#8220;Much Ado About Nothing.&#8221; Sydney Sweeney and Glen Powell play Bea and Ben, who transform from hot to cold after a first date gone wrong, only to pretend to be an item at a frenzied wedding in Australia. This edgy comedy will have you guessing if they'll ever truly click.
<h3 class="wp-block-heading">3. Miller&#8217;s Girl</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103551/Millers-Girl-1024x576.jpeg" alt="Miller's Girl is headlined by Wednesday star Jenna Ortega and Martin Freeman. Image credit: Tudum/ Netflix" class="wp-image-311020" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103551/Millers-Girl-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103551/Millers-Girl-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103551/Millers-Girl-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103551/Millers-Girl.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Miller&#8217;s Girl is headlined by Wednesday star Jenna Ortega and Martin Freeman. Image credit: Tudum/ Netflix</figcaption></figure>
In Miller&#8217;s Girl, Jenna Ortega and Martin Freeman dive into a narrative that blurs the lines between a mentorship and a tangled web of emotions. A young writer finds herself in deep waters as what begins as a creative pursuit with her professor spirals into a dark, manipulative relationship.
<h3 class="wp-block-heading">4. The Asunta Case</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103701/The-Asunta-Case-1024x576.jpg" alt="The Asunta Case is an investigative thriller starring Candela Peña and Tristán Ulloa. Image credit: Tudum/ Netflix" class="wp-image-311024" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103701/The-Asunta-Case-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103701/The-Asunta-Case-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103701/The-Asunta-Case-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103701/The-Asunta-Case.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The Asunta Case is an investigative thriller starring Candela Peña and Tristán Ulloa. Image credit: Tudum/ Netflix</figcaption></figure>
The Asunta Case explores the chilling true story of Asunta Fong Yang, an adopted girl found murdered in Spain. The gripping series uncovers the layers of a high-profile case that shook the nation, questioning the very essence of parental love and betrayal. It's a must-watch for true crime aficionados.
<h3 class="wp-block-heading">5. King Richard</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103832/King-Richard-1024x576.jpg" alt="King Richard is a sports-biodrama about the father of Tennis superstars Venus and Serena Williams. Image credit: Tudum/ Netflix" class="wp-image-311027" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103832/King-Richard-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103832/King-Richard-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103832/King-Richard-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26103832/King-Richard.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">King Richard is a sports-bio-drama about the father of Tennis superstars Venus and Serena Williams. Image credit: Tudum/ Netflix</figcaption></figure>
Relive the inspiring story of Venus and Serena Williams through King Richard, a film that showcases their father's relentless coaching that led them to tennis stardom. This sports drama not only captured hearts but also won Will Smith an Oscar, making headlines for more reasons than one in 2022. Now streaming on Netflix for the first time, it's a perfect pick for sports enthusiasts and story lovers alike.
Netflix Photo by Burdun Iliya on Shutterstock

Entertainment

Can't Pick What To Watch? Here Are 5 New Netflix Releases Worth Your Weekend

In an exclusive&nbsp;interview, Christine Smith, founder and CEO of&nbsp;<a href="https://eatgron.com/">Gr&ouml;n Edibles</a>, provided an in-depth look at the economic dynamics of operating a cannabis edibles brand across various states.
2024 marks a significant year for Gr&ouml;n, with expansion into multiple U.S. markets including New York, New Jersey,<a href="https://www.benzinga.com/topic/ohio-cannabis"> Ohio</a>&nbsp;and <a href="https://www.benzinga.com/topic/maryland-cannabis">Maryland</a>, enhancing their presence to a total of eight U.S. and Canadian markets.
<h3>Strategic Expansion And Market Dynamics</h3>
Smith emphasized the strategic selection of states based on detailed market analysis. &quot;Each state is very different,&quot; <a href="https://www.benzinga.com/markets/cannabis/24/03/37945428/how-to-spot-and-seize-market-opportunities-with-products-you-love-top-cannabis-brand-founder-has">Smith</a> noted, highlighting the unique regulatory and market environments that influence their expansion strategy. For instance, Ohio&#39;s recent shift to adult use and its limited license model presents a promising market, similar to past <a href="https://www.benzinga.com/markets/cannabis/24/04/38078767/exclusive-missouris-cannabis-market-sees-surge-with-high-dose-products">successes in Missouri</a>.
While less structured, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36250035/a-2024-investor-guide-to-new-yorks-cannabis-market-expansion-the-mso-wealth-roadmap">New York offers vast potential</a> due to its focus on brand scalability. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33329222/the-maryland-effect-a-game-changer-for-the-east-coast-cannabis-industry">Maryland</a>, often overlooked, was chosen based on robust data analytics, including retailer and license counts, and market share opportunities, making it a strategic part of Gr&ouml;n&#39;s East Coast presence.
<h3>Supply Chain Complexity And Ingredient Sourcing: Adapting to Localized Manufacturing Needs</h3>
Gr&ouml;n&#39;s commitment to organic, single-origin ingredients and fair-trade certified suppliers, is a cornerstone of its market appeal, yet this approach presents considerable challenges in navigating the fragmented regulatory landscape of the U.S. cannabis market.
In states like Ohio, regulations prohibit the purchase of oil on the open market, necessitating that companies process oil only within the licensed facilities. To manage these challenges, Gr&ouml;n has diversified its sourcing strategy to ensure a steady supply of biomass, crucial for scalable operations as it enters new markets.
Smith noted the strategic importance of biomass availability: &quot;We will not enter a market if we don&#39;t know that we have the biomass and availability to be able to move at scale.&quot;
Further complicating their operations, Gr&ouml;n has adopted a unique manufacturing model to comply with varied state laws. &quot;We set up our kitchens in all of our facilities. We operate under a <a href="https://www.benzinga.com/markets/cannabis/23/11/35662129/are-traditional-cannabis-licensing-models-obsolete-how-reverse-licensing-can-help">reverse licensing model</a>,&quot; Smith described. In this model, Gr&ouml;n builds up a production space to their specifications under someone else&#39;s license, approved by the state.
This setup involves using their equipment, such as water-jacketed kettles for cooking gummies and tempering <a href="https://www.benzinga.com/markets/cannabis/23/02/31079080/if-you-like-chocolate-youll-love-gr-n-cannabis-edibles-made-by-an-architect-turned-confectioner">machines for chocolate</a>, making it &quot;much less of a kitchen and far more of a production manufacturing facility.&quot;
The need to tailor production processes to each state&#39;s regulations prevents the streamlining of operations across the board. In Canada, for instance, where Gr&ouml;n can operate nationally, the setup is significantly different and more efficient compared to the U.S., where they must establish separate facilities in each state.
&quot;The equipment we&#39;re using in Canada, which is national, allows us to do one facility for the entire country, is very different than what we&#39;re doing here in the States,&quot; Smith added, highlighting the extensive manual labor involved due to each state&#39;s distinct rules.
<h3>Technology And Operational Efficiency</h3>
For Gr&ouml;n, leveraging technology and innovative manufacturing processes is essential in <a href="https://www.benzinga.com/general/biotech/23/08/33579692/cannabis-robots-meet-the-company-boosting-efficiency-and-margins-through-packaging-automation">optimizing production costs</a> and ensuring <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/09/34625368/nasa-precision-meets-cannabis-roi-pre-rolled-infusion-robots-revolutionizing-indust">consistent product quality</a> across a wide range of markets.
Smith explained that this lack of uniformity leads to a reliance on both manual labor and automated systems, tailored to each location. Gr&ouml;n&rsquo;s operations require using smaller, more versatile equipment that can be adjusted to meet local requirements, thereby maintaining compliance while still striving for efficiency.
Moreover, Gr&ouml;n&#39;s approach to technology not only involves the physical machinery but also extends to their<a href="https://www.benzinga.com/general/biotech/23/02/30915385/exclusive-how-to-lower-the-cost-of-cannabis-quality-and-save-30-of-your-top-line-revenue"> software systems</a>, which must be flexible enough to handle varied regulatory demands from tracking and reporting to quality control.
<h3>Product Development And Consumer Engagement: Adapting to Local Markets</h3>
Gr&ouml;n&#39;s product development is deeply influenced by consumer trends, requiring a strategic balance between innovation and economic viability.
With over 250 SKUs tailored to meet the diverse regulatory and consumer landscapes of various states, Gr&ouml;n&#39;s approach to <a href="https://www.benzinga.com/news/23/04/32018716/exclusive-what-it-takes-to-build-a-successful-cannabis-edibles-brand-a-discussion-with-industry-lead">product creation and marketing</a> is meticulously localized.
Smith elaborates on the complexities involved in adapting product formulations to suit different markets, particularly when it comes to the use of <a href="https://www.benzinga.com/markets/cannabis/20/08/17023053/cannabis-concentrates-a-beginners-guide-1">cannabis extracts</a> like<a href="https://www.benzinga.com/markets/cannabis/24/03/37850817/vaping-emerges-as-a-preferred-method-for-rosin-consumption-in-cannabis-market"> rosin and distillate</a>.
&quot;We&#39;re using rosin depending on the market, and that&#39;s the thing because every market has a different availability as the markets mature,&quot; Smith explained. For example, in the West Coast markets like Oregon, there is a large and consistent availability of rosin, which allows for its broader use in products.
However, in other regions, the limited availability of such extracts requires Gr&ouml;n to adjust their formulations to include a blend of rosin and distillate based on what is locally accessible.
<h3>Pricing Across Markets</h3>
This variability in ingredient availability not only affects the type of products that can be offered in different states but also impacts Gr&ouml;n&#39;s pricing strategy. &quot;In Oregon, we can get oil for $1.50 a gram. On the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38282615/cannabis-brands-leading-market-expansion-in-east-midwest-a-look-at-prices-and-trend"> East Coast</a>, we&#39;re looking at oil for $15 a gram, sometimes $20 a gram,&quot; Smith noted, highlighting the significant cost differences that can affect product pricing and margins.
Despite these challenges, Gr&ouml;n is committed to maintaining a consistent quality and price point for consumers, which occasionally means absorbing higher costs in markets where inputs are more expensive.
The strategy involves a long-term view where initial sacrifices in margins are seen as an investment in establishing market presence and consumer trust. &quot;We sacrifice the margins on the front end for the longevity of having consistency and pricing,&quot; Smith added.
This approach is crucial for <a href="https://www.benzinga.com/news/24/03/37944162/is-the-future-of-the-marijuana-industry-shaped-by-consumer-packaged-goods-or-vice-versa">consumer packaged goods (CPG)</a> like those offered by Gr&ouml;n, where consumer expectations around product quality and price consistency are high.
Smith is optimistic about the future, focusing on minor cannabinoids and new product developments like low-dose sleep aids, reflecting Gr&ouml;n&#39;s commitment to innovation aligned with consumer needs.
&quot;We are 100% committed to <a href="https://www.benzinga.com/general/biotech/23/10/35300227/from-cbn-cbg-to-thcv-consumer-centric-brands-embrace-rare-cannabinoids-for-differentiation">minor cannabinoids</a>. They play a significant role in our product effects and formulations. Hopefully, we&#39;ll see clearer regulations from federal authorities soon,&rdquo; Smith said.
&ldquo;As for our investments in minor cannabinoids, we&#39;re <a href="https://www.benzinga.com/news/events/24/04/38185665/surge-in-missouris-cannabis-sales-spurs-new-product-launch-by-gr-n">doubling down</a>. We&#39;re excited about our upcoming product release in May&mdash;it&#39;s a super sleep aid featuring a 10 to 1 ratio, with 25mg of CBN and 2.5mg of THC. It&#39;s designed for consumers who prefer a lower dose than a full 10mg gummy. We&rsquo;re also exploring THC-V and sugar-free options, among other minor cannabinoids,&quot; Smith noted.
Photo: AI-Generated Image.&nbsp;

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Inside Grön's Marijuana Edibles Factory: What Can We Learn About Choco-Nomics And Multi-State Expansion?

<h3 class="wp-block-heading">Congresswoman Advocates for Marijuana Banking Reform</h3>
In a bid to advance cannabis legislation, Congresswoman Maxine Waters (D- CA) champions the need for marijuana<a href="https://www.benzinga.com/markets/cannabis/24/04/38416745/three-pathways-to-federal-cannabis-legalization-that-investors-are-watching-closely"> banking reform,</a> highlighting bipartisan collaboration. Waters, a ranking member of the House Financial Services Committee, stresses the urgency of passing the <a href="https://www.benzinga.com/topic/safe-banking-act">Secure and Fair Enforcement Regulation </a>(SAFER) Banking Act, <a href="https://www.marijuanamoment.net/key-congresswoman-says-now-is-the-time-to-pass-marijuana-banking-bill-despite-mcconnells-concerns/">reported </a>Marijuana Moment. This legislation aims to provide banking services to cannabis businesses, addressing their current lack of access to traditional financial institutions due to federal prohibition.
Despite potential challenges from Senate Minority Leader Mitch McConnell, Waters expresses optimism and determination to overcome obstacles. 
"I know that there may be some concerns with McConnell, but I am hopeful that we can overcome that (&#8230;), we've got to have SAFER Banking, and most of us who have been working on this support that." 
<h3 class="wp-block-heading">Washington State Proposes Diversity Measures For Cannabis Ownership</h3>
The <a href="https://www.benzinga.com/markets/cannabis/23/02/30902464/washington-state-liquor-and-cannabis-officials-face-obstacles-to-personal-use-under-federal-laws">Washington State Liquor and Cannabis Board (WSLCB)</a> introduces amendments to foster diversity in cannabis ownership. With a focus on inclusivity, the proposed changes aim to encourage minority participation and eliminate licensing barriers in cannabis retail. Acknowledging the importance of equitable access, the WSLCB seeks to create a more inclusive landscape.
The WSLCB members<a href="https://tvw.org/video/washington-state-liquor-and-cannabis-board-2024041034/?eventID=2024041034"> received a briefing</a> on proposed changes to the scoring criteria for minority license applicants, aiming to prioritize those most affected by the war on drugs. One proposed change involves considering convictions for all drugs, not just marijuana, in the scoring process. These revisions to the scoring system reflect feedback from social equity applicants in the initial round of applications.
<h3 class="wp-block-heading">New Hampshire Senate Reviews Marijuana Legalization Bill</h3>
A New Hampshire bill legalizing marijuana, passed by the House, now faces scrutiny in a Senate committee. Opponents, including state Sen. Daryl Abbas (R) and Senate president Jeb Bradley (R), propose significant modifications.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Senate Judiciary (04/25/2024)" width="500" height="281" src="https://www.youtube.com/embed/qQHRZsEvhcQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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<figcaption class="wp-element-caption">Senate Judiciary Session of 04/25/2024</figcaption></figure>
Earlier this year, the House-approved <a href="https://legiscan.com/NH/bill/HB1633/2024">HB 1633</a> permits 15 statewide retail stores, imposing a 10% state charge on adult-use purchases. Medical marijuana remains tax-exempt and regulated under an &#8220;agency store&#8221; model with strict marketing limitations.
Abbas&#8217;s proposed changes aim to elevate penalties for<a href="https://www.benzinga.com/markets/cannabis/24/04/38326268/cannabis-consumption-legal-or-not-in-your-state-everyone-seems-to-be-consuming-at-equal-rates-ne"> public consumption</a>, turning repeat offenses into misdemeanors with potential jail time, contradicting legalization goals. Additionally, Abbas&#8217;s amendment suggests a shift to a franchise system, overseen by the state&#8217;s Liquor Commission, governing the aesthetics and operations of the 15 stores. This, among other amendments, might distort the original spirit of HB1633, putting it at risk of failing in the House when revised, proponents of the bill alerted.

Push For Cannabis Banking Reform, Washington Social Equity, New Hampshire Debates Retail Weed Sales And More

With the potential legalization of adult-use marijuana under Amendment 3, Florida&#39;s cannabis market is set for a significant transformation. <a href="https://www.benzinga.com/topic/florida-cannabis">Florida&#39;s legal cannabis</a> spending is projected to grow at a 12% CAGR from 2023 to 2028, with total sales expected to reach $4.5 billion by 2028, positioning Florida as the second-largest U.S. cannabis market after California.
<h3>Competitive Landscape And Consumer Behavior</h3>
Florida&#39;s retail cannabis landscape has already shown significant growth, with the number of dispensaries rising to 628 by April 2024, as per&nbsp;<a href="https://www.benzinga.com/topic/bdsa">BDSA</a> data.&nbsp;
The state&#39;s medical cannabis sector remains robust, with patient numbers surpassing 878,000 this month and sales reaching $2.6 billion in 2023, marking an 18% increase from the previous year.
As Florida prepares for a November ballot initiative on adult-use legalization, BDSA analyst Brendan Mitchel-Chesebro underscores the legislative uncertainty around <a href="https://www.benzinga.com/markets/cannabis/24/04/38299011/its-on-the-ballot-the-future-of-adult-use-cannabis-in-florida-whats-the-contingency-plan-if-lega">Amendment 3</a>, which allows but does not require the expansion of adult-use cannabis licenses.
This leaves the future market landscape uncertain. If the initiative passes, BDSA forecasts sales of $874 million in 2025 for the adult-use segment.
In this context, existing operators like <a href="https://www.benzinga.com/markets/cannabis/24/04/38313915/cannabis-in-florida-the-bellamy-brothers-tell-trulieve-ceo-we-rolled-a-fat-one-when-legalization">Trulieve</a> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTC">TCNNF</a>) are advised to refine their strategies to cater to a potentially larger and more diverse consumer base.
As consumer penetration rates are expected to surge&mdash;mirroring trends observed in other states transitioning to adult use&mdash;companies must adeptly navigate evolving preferences across different product forms and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37666783/marijuana-shoppers-favorite-strains-2024">usage motivations</a> to maintain or enhance their market shares.
Mitchel-Chesebro points out that, unlike other adult-use markets, only 31% of Florida consumers currently prioritize <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38341510/how-to-max-profits-this-420-smart-discounts-amid-sales-spike-of-premium-marijuana">low-cost</a>, compared to 36% in general adult-use markets.
However, the typical initial price increase following legalization might heighten price sensitivity among <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38037571/floridas-6b-cannabis-market-anticipates-400-growth-following-court-decision-allowin">Florida shoppers</a>.
This, along with the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36268367/u-s-cannabis-market-premium-products">growing popularity of infused pre-rolls</a> and a notable 47% year-over-year growth in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33369455/sweet-treats-take-over-gummie-consumption-outpaces-flower-in-latest-consumer-data-h">edibles sales</a>, indicates significant upcoming shifts in consumer behavior as the market expands.
<h3>Strategies For Market Entry And Expansion</h3>
As the Florida market braces for a likely uptick in mergers and acquisitions, Mitchel-Chesebro advises new entrants and expanding firms to adopt a nuanced pricing strategy.
Using BDSA&rsquo;s Price Tiers analysis, he highlights the potential for brands to capitalize on specific product segments where premium offerings are underrepresented relative to their market performance.
For example, in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35991290/analyst-inside-look-trends-and-opportunities-in-ohios-emerging-recreational-cannabi">markets like Ohio</a>, premium-priced flower products disproportionately contribute to sales relative to their market availability. Identifying and targeting these lucrative price tiers can be a key strategy for newly introduced brands aiming for rapid growth in new markets.
Photo: AI-Generated Image.&nbsp;

Analyst Color

Analyst Ratings

TCNNF

Landing In Florida's Cannabis Market: Legal Adult-Use Marijuana Could Yield $874M In 2025

<h3 class="wp-block-heading">Health Recall: Microbial Contamination Alert In British Columbia</h3>
In an uncommon event, <a href="https://recalls-rappels.canada.ca/en/alert-recall/sirona-pharma-inc-acreage-pharms-ltd-recalls-one-lot-full-sesh-purple-gelato-punch">Health Canada </a><a href="https://recalls-rappels.canada.ca/en/alert-recall/sirona-pharma-inc-acreage-pharms-ltd-recalls-one-lot-full-sesh-purple-gelato-punch">recalls Sirona Pharma Inc.&#8217;s Full Sesh Purple Gelato Punch</a> dried cannabis sold in British Columbia due to microbial contamination. The recall responds to a quality control measure.
<a href="https://www.benzinga.com/markets/cannabis/23/09/34548455/medical-cannabis-in-canada-faces-decline-whats-behind-the-38-drop-in-registrations">Health Canada&#8217;s </a>Cannabis Data Gathering Program identified microbial contaminant levels exceeding specified limits, potentially posing health risks. While no adverse health reports have been received, consumers have been alerted and are advised to cease using the recalled product immediately. With 1200 units sold between September 18, 2023, and April 18, 2024, the product must be returned to retailers or disposed of safely. Further specification on the contaminant was not made public. 
<h3 class="wp-block-heading">Manitoba&#8217;s Home Cultivation Ban Reversal: Shifting Regulations</h3>
Manitoba&#8217;s political landscape is undergoing a significant shift as the <a href="https://winnipeg.citynews.ca/2024/04/19/manitoba-set-to-remove-provinces-ban-on-growing-cannabis/">provincial government plans to overturn its ban on homegrown cannabis cultivation</a>. Aligned with federal law and evolving societal attitudes, this reversal reflects changing political dynamics and public sentiment regarding cannabis regulations.
The decision comes as Manitoba and Quebec were the only provinces to enforce restrictions against growing adult-use marijuana at home following <a href="https://www.benzinga.com/topic/canada-cannabis">Canada&#8217;s </a>legalization of recreational cannabis in 2018. With the New Democratic Party of Manitoba (NDP) now in power, the province anticipates lifting the ban, marking a pivotal moment in cannabis policy reform.
<h3 class="wp-block-heading">International Expansion: Greenway Greenhouse Cannabis Corporation Receives Certifications</h3>
In other news, <a href="https://www.benzinga.com/markets/cannabis/23/09/34951623/greenway-greenhouse-cannabis-launches-first-brands-in-the-canadian-market">Greenway Greenhouse</a> Cannabis Corporation (CSE:<a class="ticker" href="https://www.benzinga.com/stock/GWAY#CSE">GWAY</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/GWAYF#OTCQB">GWAYF</a>) <a href="https://www.prnewswire.com/news-releases/greenway-receives-international-cannabis-accreditation-302128092.html">announced </a>a significant milestone as its cultivation facility in Leamington, Ontario receives CUMS-GAP and GACP certification. This achievement positions Greenway to distribute its high-quality greenhouse cannabis internationally, tapping into new markets and revenue streams.
The certifications, completed through Control Union, demonstrate compliance with strict international standards, allowing Greenway to engage with multiple international cannabis purchasers. With an annual cultivation capacity of 24,000 kg, Greenway aims to capitalize on the export market&#8217;s potential, enhancing revenue, gross margins, and global presence.
&#8220;Receiving these certifications opens up a whole new world of opportunities for Greenway,&#8221; said Jamie D&#8217;Alimonte, CEO of Greenway. &#8220;With our most recent expansion, we are able to scale up production to meet any new demand for our product internationally.&#8221;
As Canada&#8217;s cannabis industry continues to evolve, these developments signal both challenges and opportunities for stakeholders, shaping the future of cannabis regulation, consumer safety and market expansion.

Media

CSE:GWAY

GWAYF

Canada Cannabis Update: Health Recall, Home Cultivation Ban Reversal, International Expansion

IDEXX Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) has outperformed the market over the past 5 years by 5.0% on an annualized basis producing an average annual return of 16.57%. Currently, IDEXX Laboratories has a market capitalization of $41.47 billion. 
Buying $1000 In IDXX: If an investor had bought $1000 of IDXX stock 5 years ago, it would be worth $2,164.47 today based on a price of $499.30 for IDXX at the time of writing.
<h3>IDEXX Laboratories's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714167027_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

IDXX

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,200 Today

Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) has outperformed the market over the past 10 years by 13.17% on an annualized basis producing an average annual return of 23.61%. Currently, Progressive has a market capitalization of $121.84 billion. 
Buying $1000 In PGR: If an investor had bought $1000 of PGR stock 10 years ago, it would be worth $8,578.56 today based on a price of $208.03 for PGR at the time of writing.
<h3>Progressive's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714167022_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.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $8,600 Today

During the last three months, 4 analysts shared their evaluations of Bread Finl Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFH#NYSE">BFH</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Bread Finl Hldgs, presenting an average target of $34.75, a high estimate of $48.00, and a low estimate of $26.00. Surpassing the previous average price target of $30.33, the current average has increased by 14.57%.
<img src="https://www.benzinga.com/files/images/story/2024/1714165300_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Bread Finl Hldgs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Fotheringham</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$33.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$26.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Bill Carcache</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$48.00</td>
<td>-</td>
</tr>
<tr>
<td>James Fotheringham</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$32.00</td>
<td>$33.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Bread Finl Hldgs. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Bread Finl Hldgs compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Bread Finl Hldgs's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Bread Finl Hldgs's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BFH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Bread Finl Hldgs analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Bread Finl Hldgs</h2>
Formed by a combination of JCPenney's credit card processing unit and The Limited's credit card bank business, Bread Financial is a provider of private label and co-branded credit cards, loyalty programs, and marketing services. The company's most financially significant unit is its credit card business that partners with retailers to jointly market Bread's credit cards to their customers. The company also retains minority interest in its recently spun-off LoyaltyOne division, which operates the largest airline miles loyalty program in Canada and offers marketing services to grocery chains in Europe and Asia.
<h3>Financial Milestones: Bread Finl Hldgs's Journey</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Bread Finl Hldgs's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -1.55% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Bread Finl Hldgs's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 4.23%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Bread Finl Hldgs's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.49%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.19%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Bread Finl Hldgs's debt-to-equity ratio is below the industry average at 1.86, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 4 Analyst Insights On Bread Finl Hldgs

In the preceding three months, 4 analysts have released ratings for Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>), presenting a wide array of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $360.5, a high estimate of $380.00, and a low estimate of $345.00. This upward trend is apparent, with the current average reflecting a 17.24% increase from the previous average price target of $307.50.
<img src="https://www.benzinga.com/files/images/story/2024/1714165265_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Reliance. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$345.00</td>
<td>$355.00</td>
</tr>
<tr>
<td>Daniel Knauff</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$380.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$355.00</td>
<td>$295.00</td>
</tr>
<tr>
<td>Philip Gibbs</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$362.00</td>
<td>$300.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Reliance. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Reliance compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of Reliance's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/RS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Reliance analyst ratings.</a>
<h2>About Reliance</h2>
Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.
<h3>Understanding the Numbers: Reliance's Finances</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Negative Revenue Trend: Examining Reliance's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -7.57% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Reliance's net margin excels beyond industry benchmarks, reaching 8.17%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Reliance's ROE excels beyond industry benchmarks, reaching 3.53%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Reliance's ROA excels beyond industry benchmarks, reaching 2.6%. This signifies efficient management of assets and strong financial health.
Debt Management: Reliance's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.18.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For Reliance

Analysts' ratings for VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) over the last quarter vary from bullish to bearish, as provided by 12 analysts.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated VF and provided 12-month price targets. The average target is $16.38, accompanied by a high estimate of $22.00 and a low estimate of $12.00. A 9.25% drop is evident in the current average compared to the previous average price target of $18.05. 
<img src="https://www.benzinga.com/files/images/story/2024/1714165258_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive VF. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.50</td>
<td>$14.00</td>
</tr>
<tr>
<td>Laurent Vasilescu</td>
<td>Exane BNP Paribas</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$22.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$22.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Ike Boruchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$14.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$14.00</td>
<td>-</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$15.50</td>
<td>$16.50</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.50</td>
<td>$15.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$22.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to VF. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of VF compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of VF's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of VF's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VFC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on VF analyst ratings.</a>
<h2>Get to Know VF Better</h2>
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of about a dozen brands includes Vans, The North Face, Timberland, Supreme, and Dickies. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. The company has grown through multiple acquisitions and traces its roots to 1899.
<h3>Unraveling the Financial Story of VF</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: VF's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -16.16%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: VF's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -1.43%, the company may face hurdles in effective cost management.
Return on Equity (ROE): VF's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -1.97%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): VF's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.33%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: VF's debt-to-equity ratio stands notably higher than the industry average, reaching 3.48. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: Simplified</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

12 Analysts Assess VF: What You Need To Know

Eagle Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXP#NYSE">EXP</a>) has outperformed the market over the past 15 years by 3.58% on an annualized basis producing an average annual return of 15.74%. Currently, Eagle Materials has a market capitalization of $8.84 billion. 
Buying $100 In EXP: If an investor had bought $100 of EXP stock 15 years ago, it would be worth $921.72 today based on a price of $256.70 for EXP at the time of writing.
<h3>Eagle Materials's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714165230_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.

If You Invested $100 In This Stock 15 Years Ago, You Would Have $900 Today

Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) has outperformed the market over the past 10 years by 4.87% on an annualized basis producing an average annual return of 15.31%. Currently, Apollo Global Management has a market capitalization of $63.76 billion. 
Buying $100 In APO: If an investor had bought $100 of APO stock 10 years ago, it would be worth $413.64 today based on a price of $112.22 for APO at the time of writing.
<h3>Apollo Global Management's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714165225_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.

$100 Invested In Apollo Global Management 10 Years Ago Would Be Worth This Much Today

Ratings for Vital Farms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VITL#NASDAQ">VITL</a>) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $24.57, a high estimate of $32.00, and a low estimate of $18.00. This current average reflects an increase of 22.85% from the previous average price target of $20.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1714165216_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of Vital Farms's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Smith</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$30.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Ben Klieve</td>
<td>Lake Street</td>
<td>Raises</td>
<td>Buy</td>
<td>$32.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Robert Moskow</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$19.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Brian Holland</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$25.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Ben Klieve</td>
<td>Lake Street</td>
<td>Raises</td>
<td>Buy</td>
<td>$26.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Matthew Smith</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$22.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Adam Samuelson</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Vital Farms. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Vital Farms compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Vital Farms's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Vital Farms's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VITL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Vital Farms analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Vital Farms</h2>
Vital Farms Inc is an ethical food company. The company retails pasture-raised eggs and butter. Its products include Pasture-Raised Eggs and Pasture-Raised Butter &amp; Ghee. The company's purpose is rooted in a commitment to Conscious Capitalism, which prioritizes the long-term benefits of its stakeholders (farmers and suppliers, customers and consumers, communities and the environment, employees, and stockholders).
<h3>Vital Farms: Financial Performance Dissected</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Vital Farms showcased positive performance, achieving a revenue growth rate of 23.37% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 5.31%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Vital Farms's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.84% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Vital Farms's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.75%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.12.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

VITL

Breaking Down Vital Farms: 7 Analysts Share Their Views

<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38327580/exclusive-kind-founders-reveal-how-theyre-building-a-better-web3-for-creators-gamers-and-c">Kind</a>, the innovative Web3 creators agency known for enhancing the digital experiences of creators and gamers, recently hosted one of the largest online parties in Web 3 history.&nbsp;This <a href="http://www.benzinga.com/markets/cryptocurrency/24/02/37252915/exclusive-pixels-web3-gaming-revolution-luke-barwikowski-tells-all">monumental event on </a><a href="http://www.benzinga.com/markets/cryptocurrency/24/02/37252915/exclusive-pixels-web3-gaming-revolution-luke-barwikowski-tells-all">Pixels</a> attracted up to 126,000 players, witnessed by over 2,500 viewers on Twitch, and connected more than 100 key opinion leaders (KOLs) simultaneously.
<blockquote class="twitter-tweet">126K USERS SHOWED UP TO THE <a href="https://twitter.com/Kind_HQ?ref_src=twsrc%5Etfw">@Kind_HQ</a> ENERGY PARTY LETS GOOOOOO
&mdash; heidi (@heidichristne) <a href="https://twitter.com/heidichristne/status/1781350014046101662?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>See also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38327580/exclusive-kind-founders-reveal-how-theyre-building-a-better-web3-for-creators-gamers-and-c">&nbsp;Kind Founders Reveal How They&#39;re Building A Better Web3 For Creators, Gamers And Communities</a>
The party wasn&#39;t just about breaking records; it was a showcase of community and technology. Attendees enjoyed a slew of rewards, including Pixels tokens, TEK Guild memberships, and VIP in-game passes, enhancing their interactive experience.
This event marks a significant milestone in the Web3 community, demonstrating Kind&rsquo;s commitment to building a more engaging and rewarding platform for creators and gamers alike. As Web3 continues to evolve, Kind is at the forefront, pushing the boundaries of what&#39;s possible in virtual spaces.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37252915/exclusive-pixels-web3-gaming-revolution-luke-barwikowski-tells-all" target="_blank">EXCLUSIVE: Pixels&#39; Web3 Gaming Revolution - Luke Barwikowski Tells All</a>
In the aftermath of their successful event, Kind took to X to express heartfelt thanks to everyone who played a pivotal role in the organization and execution of their massive online party in Pixels. They extended their gratitude to <a href="https://x.com/kyleblohm?s=21">Kyle Blohm</a> for his expertise in crafting the event, and to Heidi Christne for her pivotal role in making the event possible. Appreciation was also shown to <a href="https://x.com/chief_axiegg?s=21">Chief</a>&nbsp;for an enthralling Twitch stream, and to partners like TEK and <a href="https://twitter.com/TriballyGames">Tribally Games</a> for their significant contributions to the event&#39;s success in the Pixels ecosystem. Additionally, Kind acknowledged <a href="https://x.com/e4e_gg?s=21">Esports4Everyone</a>, Sourbeck, and Covetor for their exceptional efforts in stream production, which peaked at over 2,700 viewers on Twitch.
<blockquote class="twitter-tweet">126000 Players attended the <a href="https://twitter.com/pixels_online?ref_src=twsrc%5Etfw">@pixels_online</a> Kind Energy Party!
We are grateful to the community for the support and to Pixels for the opportunity to do this Event that represented a Milestone in KIND&#39;s History.
Thank you very much to the architect of the event <a href="https://twitter.com/KyleBlohm?ref_src=twsrc%5Etfw">@KyleBlohm</a>,&hellip; <a href="https://t.co/1NsrcaBeVL">https://t.co/1NsrcaBeVL</a> <a href="https://t.co/ib9Bat3jOl">pic.twitter.com/ib9Bat3jOl</a>
&mdash; KIND (@Kind_HQ) <a href="https://twitter.com/Kind_HQ/status/1781480503121444880?ref_src=twsrc%5Etfw">April 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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Kind Hosts Massive 126K-Attendee Web3 Online Party In Pixels

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The U.S. economy is on the rise, and the stock market is moving with it. Investing in these three undervalued <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> can offer high potential returns, particularly for investors seeking significant portfolio growth. These companies offer innovative products, good market positioning and potential for disruptive growth in their respective sectors. Overall, these undervalued penny stocks present compelling investment opportunities for those willing to accept higher volatility in exchange for potentially lucrative returns.



<h2>Aker Carbon Capture (AKCCF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/mountain_peak_climber_1600-300x169.jpg" alt="A photo of a person on the peak of a mountain."><div>Source: Nejron Photo / Shutterstock.com</div></div>Aker Carbon Capture (OTCMKTS:<a href="https://investorplace.com/stock-quotes/akccf-stock-quote/">AKCCF</a>) is a pure-play carbon capture company that is working towards reducing and removing CO2 emissions.



Valued at <a href="https://www.gminsights.com/industry-analysis/carbon-capture-and-storage-market">$6.8 billion in 2023</a>, the carbon capture market is expected to see a CAGR of 19% by 2032. This growth stems from carbon emission reduction regulations, increased investments in control initiatives and a decarbonization focus. 



In <a href="https://akercarboncapture.com/?cision_id=B4A75C80C6EF3DDC">Q4 2023</a>, Aker Carbon reported revenue of 573 million Norwegian kroner, up an impressive 139% YOY. Aker also increased its order backlog to NOK 2.6 billion, compared to NOK 1.3 billion YOY. It also holds a cash position of NOK 1.1 billion. Looking forward, management hopes to secure contracts to capture 10 million tons of CO2 per annum by 2025. With astonishing financial growth and ambitious expansion plans, Aker Carbon will likely continue to grow.



Additionally, the company was recently <a href="https://akercarboncapture.com/?cision_id=044A575F57DA0EBD">awarded a milestone project</a> to test a carbon capture campaign for CO280 Solutions, a leading pulp and paper company. The U.S. pulp and paper industry is a huge emitter of CO2 and a priority market for Aker Carbon to develop. This partnership holds immense growth potential for both parties.



<h2>Blink Charging (BLNK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/blnk-stock-300x169.jpg" alt="a blink charging station, BLNK stock"><div>Source: David Tonelson/Shutterstock.com</div></div>Blink Charging (NASDAQ:<a href="https://investorplace.com/stock-quotes/blnk-stock-quote/">BLNK</a>) is a leading provider of EV charging equipment and services, serving both domestic and international customers. After falling almost 56% in the last year, the stock could be at an oversold level, presenting an intriguing opportunity.&nbsp;



In Q4 2023, <a href="https://ir.blinkcharging.com/news-events/press-releases/detail/2500/blink-charging-announces-record-fourth-quarter-with-89">Blink Charging</a> reported robust revenues of $42.7 million, marking an 89% increase YOY. While the company has yet to achieve profitability, its operating expenses in Q4 2023 decreased by 16%. It is showing progress towards its target of positive adjusted EBITDA by the end of 2024. Furthermore, after raising $113 million via ATM, Blink Charging strengthened its balance sheet by paying off $45.5 million in promissory notes and accrued interest. These notable financial achievements and the company&rsquo;s record-breaking Q4 results underscore its promising future.



Adding to its momentum, Blink Charging announced plans to build a new 30,000-square-foot <a href="https://blinkcharging.com/news/blink-charging-establishes-global-corporate-headquarters-and-announces-expansion-of-manufacturing-facility-in-bowie-maryland">production facility</a>. The facility will streamline production and ramp up manufacturing capacity. This should position the company to meet global demand for EV charging stations &mdash; this company is clearly worth more than it&rsquo;s currently trading at.



<h2>IAMGOLD (IAG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/gold1600-300x169.jpg" alt="An image of multiple gold bars. Gold prices"><div>Source: Shutterstock</div></div>IAMGOLD (NYSE:<a href="https://investorplace.com/stock-quotes/iag-stock-quote/">IAG</a>) owns and operates gold mines in Canada and Burkina Faso. IAG is currently trading at <a href="https://seekingalpha.com/symbol/IAG">$3.07</a>, up 21.34% YTD. Valued at <a href="https://www.linkedin.com/pulse/global-gold-mining-market-size-share-growth-trends-outlook-howard/">$198 billion in 2022</a>, the global gold mining market is expected to reach $260 billion by 2030, exhibiting a CAGR of 3.5%.&nbsp;



In <a href="https://www.iamgold.com/English/investors/news-releases/news-releases-details/2024/IAMGOLD-Reports-Fourth-Quarter-and-Year-End-2023-Results-Provides-2024-Outlook/default.aspx">Q4 2023</a>, IAMGOLD reported revenue of $297.6 million and EBITDA of $70.2 million. The company also has an available liquidity buffer of $754.1 million, signifying its robust financial position and strong cash flows. Looking forward, management forecasts gold production at all company mines to produce a combined 650,000 to 780,000 ounces in 2024. With strong financial flexibility and strength, IAMGOLD has multiple avenues of both organic and acquisition-driven growth. Furthermore, IAG is one of the notably undervalued penny stocks, thanks to a forward price-earnings ratio of <a href="https://seekingalpha.com/symbol/IAG/valuation/metrics">25.1</a>.&nbsp;



Additionally, IAMGOLD&rsquo;s C&ocirc;t&eacute; Gold asset is expected to <a href="https://s202.q4cdn.com/468687163/files/doc_presentations/2024/02/iag-corporate-presentation-february.pdf">begin production</a> this month. If initial gold production commences on time, production from C&ocirc;t&eacute; Gold for the year is expected to be between 220,000 and 290,000 ounces on a 100% basis. As the third largest gold mine in Canada, C&ocirc;t&eacute; Gold has an expected mine life exceeding 18 years and provides significant opportunities for growth. With healthy production growth and upside visibility, IAMGOLD is well-positioned to benefit from its C&ocirc;t&eacute; Gold asset and grow massively.



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.&nbsp;



Read More:&#8239;Penny Stocks &mdash; <a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>&nbsp;



On the date of publication, Michael Que did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



The researchers contributing to this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Michael Que is a financial writer with extensive experience in the technology industry, with his work featured on Seeking Alpha, Benzinga and MSN Money. He is the owner of Que Capital, a research firm that combines fundamental analysis with ESG factors to pick the best sustainable long-term investments.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/the-3-most-undervalued-penny-stocks-to-buy-in-march-2024/">The 3 Most Undervalued Penny Stocks to Buy in March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Most Undervalued Penny Stocks to Buy in March 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
There is no doubt that <a href="https://investorplace.com/stock-types/blue-chip-stocks/">blue-chip stocks</a> are steady value creators and act as a fortress for the portfolio. However, it&rsquo;s growth and high-potential <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> that can make millionaires.



A general tendency is to look at penny stocks purely as a speculative bet. That&rsquo;s understandable in specific cases where the rally is driven by factors like short-squeeze. However, a deeper look into the world of penny stocks will reveal names that are fundamentally strong.



Further, selected penny stocks represent business that have immense growth potential in the long term. Of course, there&rsquo;s many a slip between the cup and the lip. Exposure to quality penny stocks should be limited to 15% of the portfolio considering the high-beta factor.



Having said that, when the target is 10x returns, even 15% allocation is likely to have a significant impact on total portfolio returns. Let&rsquo;s therefore talk about seven high-potential penny stocks to buy for multibagger returns by 2029.



<h2>Cronos (CRON)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/cannabis_1600_1793299462-300x169.png" alt="Young green medicinal marijuana plant in a pot after a rain fall shallow depth of field with focus on leaf; cannabis stocks"><div>Source: gvictoria / Shutterstock.com</div></div>Cronos (NASDAQ:<a href="https://investorplace.com/stock-quotes/cron-stock-quote/">CRON</a>) is a high-potential penny stock that can deliver 10x or 20x returns by 2029. The cannabis sector has ample headroom for growth and regulatory headwinds has been waning.



It&rsquo;s worth noting that CRON stock has trended higher by almost 35% in the last six months. The rally has been backed by positive business developments. Further, the news of Germany legalizing cannabis has been a catalyst for the rally. Additionally, there is a strong case for reclassification of cannabis as a Schedule III drug in the United States. If this happens in the coming quarters, CRON stock is likely to go ballistic.



From a financial perspective, Cronos reported a strong cash buffer of $862 million as of 2023. This provides flexibility for aggressive growth investments. Cronos has also been pursuing geographic expansion. The Company has presence in Canada and Israel. In the recent past, Cronos <a href="https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-group-reports-2023-fourth-quarter-and-full-year-results1">has ventured into</a> Australia and Germany in the medicinal cannabis market. As the addressable market expands, growth is likely to accelerate.



<h2>Solid Power (SLDP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/sldp_solid_power_1600-300x169.png" alt="Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display."><div>Source: T. Schneider / Shutterstock.com</div></div>In the solid-state batter space, Solid Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/sldp-stock-quote/">SLDP</a>) is an attractive pick. If the Company can commercialize solid-state batteries in the next few years, multibagger returns are on the cards. After a deep correction, SLDP stock seems to have bottomed out and has trended higher by 22% for year-to-date. I expect the uptrend to sustain backed by positive business progress.



The first positive is that Solid Power has the backing of automotive majors that include Ford (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>) and BMW (OTCMKTS:<a href="https://investorplace.com/stock-quotes/bmwyy-stock-quote/">BMWYY</a>). In December 2022, the Company licensed its cell design and technology to BMW for parallel research and development. Additionally, Solid Power has <a href="https://www.solidpowerbattery.com/investor-relations/investor-news/news-details/2024/Solid-Power-and-SK-On-Deepen-Partnership-with-New-Agreements/default.aspx">continued to deepen its partnership</a> with SK On. This will enable the Company to make inroads in the Korean market.



From a business development perspective, Solid Power shipped A-1 cells to automotive partners in October 2023 for validation testing. This year, the Company <a href="https://www.solidpowerbattery.com/investor-relations/investor-news/news-details/2024/Solid-Power-Full-Year-2023-Results-Reflect-Strong-Execution/default.aspx">has shifted focus</a> to A-2 sample cells. With a strong cash buffer, I don&rsquo;t see any financial concerns. Once automotive validation delivers positive outcome, SLDP stock is likely to surge.



<h2>Blink Charging (BLNK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/blnk-stock-300x169.jpg" alt="a blink charging station, BLNK stock"><div>Source: David Tonelson/Shutterstock.com</div></div>Without a proper EV charging infrastructure, it&rsquo;s impossible for the industry to achieve the EV adoption target in the coming years. EV charging companies are therefore likely to benefit in the coming decade.



Among emerging players, Blink Charging (NASDAQ:<a href="https://investorplace.com/stock-quotes/blnk-stock-quote/">BLNK</a>) looks promising. In the last 12 months, BLNK stock has plunged by 65%. However, the correction is overdone and I expect a strong reversal.



For 2023, Blink reported revenue growth of 130% on a year-on-year basis to $140.6 million. For the current year, <a href="https://ir.blinkcharging.com/news-events/press-releases/detail/2500/blink-charging-announces-record-fourth-quarter-with-89">revenue is guided</a> at $170 million. Therefore, there is growth deceleration. However, the good news is that expects full year gross margin of 33%. Further, the Company expects to achieve adjusted EBITDA break-even by the end of 2024.



With ample scope for growth in the United States and Europe, I expect renewed acceleration in top-line. Additionally, EBITDA margin expansion is likely to sustain in the coming years on the back of operating leverage and recurring services revenue.



<h2>Standard Lithium (SLI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/sli1600-300x169.png" alt="Standard Lithium logo or icon on website page, Illustrative Editorial"><div>Source: Postmodern Studio / Shutterstock.com</div></div><a href="https://investorplace.com/industries/energy/renewable-energy/battery/lithium/">Lithium stocks</a> have been depressed in the last few quarters and Standard Lithium (NYSE:<a href="https://investorplace.com/stock-quotes/sli-stock-quote/">SLI</a>) is no exception. SLI stock has plunged by 65% in the last 12 months mirroring the deep correction in lithium.



However, purely based on the asset potential, I believe that it&rsquo;s a good time to buy SLI stock. Once lithium reverses, the stock will surge from a deep valuation gap as indicated by the asset net present value.



Currently, Standard Lithium has a market valuation of $218 million. In comparison, the key asset of the company (South West Arkansas) has <a href="https://d1io3yog0oux5.cloudfront.net/_e78c66e58d8d6ed60f616b7a71b68acc/standardlithium/db/314/2108/pdf/Nov+6%2C+2023+Corp+Presentation+RFS.pdf">an after-tax net present value</a> of $4.5 billion. Further, the Lanxess project has an after-tax NPV of $772 million.



Besides the upside in lithium, financing of construction for the South West Arkansas project is a potential game changer. The asset requires a development capex of $1.27 billion. Once financing is secured, SLI stock will skyrocket.



<h2>Aker Carbon Capture (AKCCF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-fingers-300x169.jpg" alt="Image of a penny held between two fingers with a white indoor background. Dividend-Paying Penny Stocks"><div>Source: Shutterstock</div></div>Aker Carbon Capture (OTCMKTS:<a href="https://investorplace.com/stock-quotes/akccf-stock-quote/">AKCCF</a>) has been under-the-radar as the stock trades in the OTC exchange. However, it&rsquo;s among the high-potential penny stocks that can deliver 10x to 20x returns in the coming years.



As an overview, Aker Carbon is in the business of providing products, technology, and solutions in the field of carbon capture. With global focus on decarbonisation, Aker has positive industry tailwinds beyond the decade. Further, with a proven technology, the Company is well positioned for stellar growth. Aker Carbon has already delivered seven carbon capture units with the technology having 60,000 operating hours.



As of Q4 2023, Aker Carbon reported a <a href="https://mb.cision.com/Main/20223/3914955/2561853.pdf">strong order backlog</a> of 2.6 billion Norwegian krone. It&rsquo;s likely that the order backlog will swell significantly in the next few years.



Recently, the Company signed a memorandum of understanding with MAN Energy Solutions in the U.S. The country has a potential market of 200 tons of carbon capture by 2030. Of course, European markets will add to the backlog and Aker is targeting to capture 10 million tonnes CO2 per annum by 2025. This will translate into stellar growth and margin expansion.



<h2>Yatra Online (YTRA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-single-300x169.jpg" alt="A close up photo of a penny. Penny Stocks to Buy"><div>Source: Shutterstock</div></div>Yatra Online (NASDAQ:<a href="https://investorplace.com/stock-quotes/ytra-stock-quote/">YTRA</a>) stock is a micro-cap and hence carries significantly higher risk. However, YTRA stock is deeply undervalued and can surprise in the next few years. As an overview, Yatra is an online travel company in the business of air ticketing, hotels, holiday packages, and other travel related services. The Company&rsquo;s business focus is in India, which is a market with big potential.



To put things into perspective, Indian travellers are set to be the <a href="https://www.cnbc.com/2023/11/02/indian-travelers-are-set-to-be-fourth-largest-global-spenders-by-2030-.html">fourth largest global spenders</a> by 2030. In terms of value, the spending on travel and tourism is predicted at $410 billion by the end of the decade. Clearly, the opportunity is huge and the best part of growth is due for online travel companies.



Specific to Yatra, the corporate travel business is a differentiating factor among online players. Yatra has <a href="https://s22.q4cdn.com/850749348/files/doc_presentations/2024/Feb/15/yatra-investor-presentation-february-2024.pdf">800 corporate customers as clients</a> with an addressable employee base of seven million. At the same time, the Company is increasing focus on the business-to-consumer segment. This is likely to ensure sustainable growth and continued margin expansion.



<h2>Archer Aviation (ACHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/achr1600-2-300x169.png" alt="Person holding cellphone with logo of American eVTOL aircraft company Archer Aviation Inc. (ACHR) on screen in front of webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>The flying car market is at a nascent growth stage. Early movers are likely to create immense value if the business is backed by innovation and a strong management. To put things into perspective, the flying car market is expected to be <a href="https://asia.nikkei.com/Business/China-tech/China-s-flying-car-developers-ready-for-takeoff-in-2025">worth $9 trillion by 2050</a>.



One company that looks promising is Archer Aviation (NYSE:<a href="https://investorplace.com/stock-quotes/achr-stock-quote/">ACHR</a>). ACHR stock has been in a correction mode in the last six months and it&rsquo;s a good opportunity to accumulate for multibagger returns.



Archer has made significant strides in terms of business progress. It&rsquo;s likely that the Company&rsquo;s eVTOL aircraft will be commercialized in the United States in 2025. During the same year, the Company is also targeting operations in Dubai. Further, Archer has plans to commence operations in India in 2026. In the next 24 months, I expect announcements related to entry into multiple other countries through local partnerships.



Another important point to note is that Archer expects to complete the construction of its manufacturing facility in 2024. This will <a href="https://investors.archer.com/files/doc_financials/2023/q4/Shareholder-Letter-Q423-FINAL.pdf">support production of 650 aircraft annually</a>. This positions Archer to service the existing order backlog of $3.5 billion. It&rsquo;s also likely that the backlog will continue to swell in the coming years.



On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-penny-stocks-that-could-deliver-1000-returns-by-2029/">7 Penny Stocks That Could Deliver 1,000% Returns by 2029</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Penny Stocks That Could Deliver 1,000% Returns by 2029

Aker Carbon Capture ASA reports Q1 results

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
In 2023, Carvana (NYSE:<a href="https://investorplace.com/stock-quotes/cvna-stock-quote/">CVNA</a>) traded as a penny stock after plunging from an all-time high of $360. At the time, investors soured on the name, and it looked like CVNA&rsquo;s days were numbered. However, CVNA surprised investors and analysts since then, with multi-bagger returns in just over a year. Last month, the stock hit a high of $94. It&rsquo;s this kind of rally among attractive <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to buy that can change the fortune of investors.



It&rsquo;s important to note that not all penny stocks can replicate the rally in CVNA stock. The surge in Carvana&rsquo;s stock should not be construed as a signal for going overboard on penny stocks. 



At the same time, it&rsquo;s important to have at least 10% to 15% exposure to penny stocks. One or a few stories like Carvana can have a significant impact on the overall portfolio. In fact, here are seven penny stocks to buy that could rally like CNVA stock and deliver multi-bagger returns.



<h2>Cronos Group (CRON)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cron_1600-300x169.jpg" alt="Don't Count on Altria to Keep the Price of Cronos Stock Propped Up"><div>Source: Shutterstock</div></div>I believe that some of the best <a href="https://investorplace.com/industries/healthcare/cannabis/">cannabis stocks</a> might be poised for a big move in the next few quarters. With U.S. elections around the corner, there is likely to be some news related to federal legalization. That&rsquo;s a big potential catalyst. Further, cannabis is likely to be reclassified as a Schedule III drug in the U.S.



Cronos Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/cron-stock-quote/">CRON</a>) is among the most undervalued cannabis penny stocks to buy. In the last six months, CRON trended higher by 41%. However, this is just the beginning of the rally in my opinion.



It&rsquo;s also worth noting that Cronos ended its fourth quarter with a <a href="https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-group-reports-2023-fourth-quarter-and-full-year-results1">cash buffer of $862 million</a>. This provides the company with high flexibility for organic and acquisition-driven growth.



In addition, Germany just legalized cannabis and Cronos has entered the German markets with an initial focus on medicinal cannabis. Further, Australia is another new market for the company. That, plus a strong cash buffer coupled with geographical expansion tells me Cronos is positioned for robust growth.



<h2>Archer Aviation (ACHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/achr1600-3-300x169.png" alt="Person holding mobile phone with web page of US eVTOL aircraft company Archer Aviation Inc. (ACHR) on screen with logo. Focus on center of phone display. Unmodified photo. Archer Aviation Stock Analysis"><div>Source: T. Schneider / Shutterstock.com</div></div>Another one of the top penny stocks to buy is Archer Aviation (NYSE:<a href="https://investorplace.com/stock-quotes/achr-stock-quote/">ACHR</a>). Granted, it recently corrected from all-time highs of $7.50 to current levels of $4, but it&rsquo;s set to launch with flying cars.



For one, Archer is preparing for commercial operations in 2025. Two, it just initiated the construction of its manufacturing facility. And, with an initial capacity to produce 650 eVTOL annually, Archer is positioned to scale up operations.



I also like the fact that Archer has an <a href="https://www.investors.archer.com/files/doc_financials/2023/q4/Shareholder-Letter-Q423-FINAL.pdf">order backlog of $3.5 billion</a>. The backlog is from the United States, UAE, and India. The Company will commence operations in these countries before the end of 2026. &nbsp;Therefore, stellar revenue growth seems likely in the next five years. Helping, Archer will continue to enter new markets.



<h2>Solid Power (SLDP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/sldp_solid_power_1600-300x169.png" alt="Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display."><div>Source: T. Schneider / Shutterstock.com</div></div>Solid Power&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/sldp-stock-quote/">SLDP</a>) stock is up about 18% on the year. The upside comes after an extended period of correction. In January, Chardan Research estimated that the stock is <a href="https://seekingalpha.com/news/4058069-ev-battery-developer-solid-power-is-tipped-by-chardan-to-triple-in-share-price">likely to triple in share price</a> after the company deepened its partnership with Korean conglomerate SK On. 



In terms of business progress, Solid Power <a href="https://www.solidpowerbattery.com/investor-relations/financials/quarterly-results/default.aspx#:~:text=LOUISVILLE%2C%20Colo.%2C%20Nov.,cells%20to%20enter%20automotive%20qualification.">delivered A-sample cells in 2023</a> to formally enter the automotive qualification process. The Company&rsquo;s automotive partners include BMW (OTCMKTS:<a href="https://investorplace.com/stock-quotes/bmwyy-stock-quote/">BMWYY</a>) and Ford (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>). With BMW also involved in parallel research and development, Solid Power has a strong backing.



For the current year, the company <a href="https://www.solidpowerbattery.com/investor-relations/investor-news/news-details/2024/Solid-Power-Full-Year-2023-Results-Reflect-Strong-Execution/default.aspx">shifted focus to A-2 sample cells</a>. The objective is to achieve safer and higher-performance cells. Coming back to the partnership with SK On, the company has expanded its addressable market. Further, SK On will use &ldquo;Solid Power&rsquo;s <a href="https://www.solidpowerbattery.com/investor-relations/investor-news/news-details/2024/Solid-Power-and-SK-On-Deepen-Partnership-with-New-Agreements/default.aspx">cell technology for research and development</a>.&rdquo; At the same time, SK On will produce solid-state batteries in Korea.



Therefore, with strong partnerships, high financial flexibility, and steady business progress, SLDP stock is likely to skyrocket.



<h2>Bitfarms (BITF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/bitf1600-300x169.png" alt="Bitcoin and crypto mining farm. Big data center. High tech server computers at work. Bitfarms (BITF) mines crypto."><div>Source: PHOTOCREO Michal Bednarek / Shutterstock.com</div></div>With the completed Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) halving, the cryptocurrency will likely trade at new highs in the coming months. In fact, it&rsquo;s <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">been estimated</a> that Bitcoin is likely to touch $120,000 by the end of the year. If true, some of the best Bitcoin miners are likely to surge higher, including Bitfarms (NASDAQ:<a href="https://investorplace.com/stock-quotes/bitf-stock-quote/">BITF</a>).



I strongly believe the latest correction in the Bitcoin mining stock is a good opportunity to accumulate. It&rsquo;s also important to note that the correction in BITF stock has been on the back of a $375 million equity offering.



The company plans to use the funds for massive hash rate capacity expansion. This will translate into stellar revenue and cash flow upside. To put things into perspective, Bitfarms reported a hash rate capacity of 6.5EH/s at the end of 2023. The Company is <a href="https://d1io3yog0oux5.cloudfront.net/_3d9f30263cc377c28f8aee6a84b05123/bitfarms/db/862/8429/pdf/BITF.04.01.24Preso.FinalV2.pdf">expecting to increase capacity</a> to 21EH/s by the end of the year. With a zero-debt balance sheet and a strong liquidity position, the next leg of expansion will likely follow. Current levels are therefore attractive for accumulation.



<h2>Plug Power (PLUG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/plug1600-2-300x169.png" alt="Person holding smartphone with logo of US hydrogen fuel cell company Plug Power Inc. (PLUG) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Plug Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/">PLUG</a>) currently trades at $2.60. In my view, PLUG stock is deeply oversold and a strong reversal rally is in the cards.



The first point to note is that industry tailwinds remain positive with the global hydrogen economy likely to get bigger with time. However, Plug Power has suffered due to cash burn and concerns related to ambitious project execution. At the same time, raising funds would imply significant dilution of equity and that has depressed the stock.



However, there are positives to note amidst the concerns. Recently, Plug Power indicated that the company has made &ldquo;<a href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Continues-to-Make-Substantial-Advancement-in-Hydrogen-Generation-Buildout/default.aspx">substantial advancement</a>&rdquo; in hydrogen generation buildout. 



The company&rsquo;s first green hydrogen plant in Georgia has reached a nameplate capacity of 15 tons per day (TPD) of liquid hydrogen production. The Tennessee plant is also operating at a nameplate capacity of 10 TPD. Further, the Louisiana plant is projected to add 15 TPD of liquid green hydrogen by Q3 2024. If revenue growth gathers momentum in the coming quarters, PLUG stock is likely to surge.



<h2>Ring Energy (REI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/oil-price-predictions1600-300x169.png" alt="Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. Oil prices and oil price predictions"><div>Source: Golden Dayz / Shutterstock.com</div></div>With a forward price-earnings ratio of 4.4, Ring Energy (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/rei-stock-quote/">REI</a>) is among the most undervalued penny stocks to buy. The oil and gas company trended marginally higher by 10% in the last 12 months. I believe that a big breakout rally is in the cards for this $400 million company.



Helping, I&rsquo;m bullish on crude trending higher. The reasons are geopolitical tensions and potential rate cuts in the second half of 2024. With higher realized oil prices, Ring Energy is positioned to deliver EBITDA margin expansion and robust free cash flows. Strong quarterly numbers are likely to be another factor that will drive REI stock upside.



<h2>Aker Carbon Capture (AKCCF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/penny-stocks-1600-300x169.jpg" alt="A concept image of a penny sitting on a stock chart"><div>Source: Billion Photos / Shutterstock.com</div></div>Aker Carbon Capture (OTCMKTS:<a href="https://investorplace.com/stock-quotes/akccf-stock-quote/">AKCCF</a>) is another under-the-radar penny stock to buy. From current levels of 67 cents, the AKCCF stock is poised for 10 to 20 times returns, I believe. It&rsquo;s important to note that the bullish outlook is backed by positive industry tailwinds that are likely to last beyond the current decade.



As an overview, Aker Carbon is a provider of product, technology, and solutions in the field of carbon capture. With increasing focus on decarbonisation, Aker Carbon has a big addressable market in the United States and Europe.



The big positive is that the company has a proven proprietary technology with over 60,000 operating hours and seven carbon capture units being delivered. The Company is planning a massive scale-up and is <a href="https://akercarboncapture.com/wp-content/uploads/2024/01/ACC-Q4-2023.pdf">targeting 10 million tons of CO2 capture</a> per annum by 2025.



Therefore, revenue growth is likely to be stellar in the coming quarters. It&rsquo;s worth noting that Aker has an order backlog of 2.6 billion Norwegian krone. This provides near-term revenue visibility.



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions,&nbsp;InvestorPlace&nbsp;does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s&nbsp;writers disclose this fact and warn readers of the risks.



Read More:&#8239;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">Penny Stocks &mdash;&nbsp;How to Profit Without Getting Scammed</a>



On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-penny-stocks-to-buy-that-can-skyrocket-like-carvana/">7 Penny Stocks to Buy That Can Skyrocket Like Carvana</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Penny Stocks to Buy That Can Skyrocket Like Carvana

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ACGL

ACHR

AKCCF

BAIDF

BIDU

BIRK

BITF

BLNK

BMWYY

CLLNY

CLNXF

CLZNF

CLZNY

CRON

CVNA

DAVA

DCHPF

DPHAY

DSFIY

DSMFF

EQBBF

FIGIF

FYGGY

JPXGY

KDSKF

KGDEF

KGDEY

MBFJF

MUFG

OSCUF

PLUG

RNECF

RNECY

SCPPF

SLDP

SMFG

SMFNF

SYIEF

SYIEY

TOELF

TOELY

WOSGF

YTRA

Europe Carbon Dioxide Market to Grow at 7.2% CAGR, Reaching US$ 772.4 Million by 2032

Aker Carbon Capture