NIBE Industrier Stock (OTC:NDRBF), Trade Ideas

NIBE Industrier AB manufactures and sells energy-efficient products for industrial and consumer use. The firm is organized into three segments by product type. The climate solutions segment, which generates the majority of revenue, sells HVAC systems and hot water heaters to homes, apartment buildings, and other large properties. The elements segment sells components and elements to multiple industries, including appliance manufacturers, home remodelers, energy, and automotive. The stoves segment sells energy-efficient stoves and chimney systems to residential and commercial customers. The vast majority of revenue comes from Europe.

NIBE INDUSTRIE AB NEW by Nibe Industrier AB

NIBE Industrier AB

Benchmark analyst Reuben Garner initiates coverage on Beacon Roofing Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) with a Buy rating and announces Price Target of $135.

News

Price Target

Initiation

Analyst Ratings

BECN

Benchmark Initiates Coverage On Beacon Roofing Supply with Buy Rating, Announces Price Target of $135

Commodities

Buybacks

Markets

General

ASA Gold And Precious Metals' Board Of Directors Authorized The Purchase Of Up To 5% Of Company Stock Under The Company's Stock Repurchase Program, To Be Effective On May 1

Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.81 by 9.88 percent. The company reported quarterly sales of $333.800 million which beat the analyst consensus estimate of $325.913 million by 2.42 percent. This is a 10.71 percent increase over sales of $301.500 million the same period last year.

Earnings

Earnings Beats

Forestar Group Q2 2024 GAAP EPS $0.89 Beats $0.81 Estimate, Sales $333.800M Beat $325.913M Estimate

The Alliance allows for the bidding on government contracts utilizing Epic&#39;s small business status while leveraging SSI&#39;s 40+ years of past performance.

Castellum Announces New Strategic Alliance Between Its Subsidiary Specialty Systems And Epic Systems

Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $1.12 by 15.18 percent. The company reported quarterly sales of $784.000 million which missed the analyst consensus estimate of $806.371 million by 2.77 percent. This is a 20.81 percent decrease over sales of $990.000 million the same period last year.

Earnings Misses

Comerica Q1 2024 Adj EPS $1.29 Beats $1.12 Estimate, Sales $784.000M Miss $806.371M Estimate

Needham analyst Charles Shi reiterates Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) with a Buy and maintains $168 price target.

Reiteration

Needham Reiterates Buy on Taiwan Semiconductor, Maintains $168 Price Target

Technical services company Jacobs Solutions Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) has been chosen as a prime supplier of cyber security <a href="https://www.benzinga.com/pressreleases/24/04/n38307641/jacobs-named-as-supplier-of-cyber-security-services-to-uk-ministry-of-defence" target="_blank" rel="noreferrer noopener">solutions to the U.K. Ministry of Defence (MOD).</a>
Jacobs and its specialist suppliers will provide maintenance, design and support of secure system architecture, cryptographic systems and security, including testing and evaluation of technical and non-technical security features.&nbsp; &nbsp; &nbsp;
The contract has been awarded under the Digital and IT Professional Services (DIPS) Framework.
The DIPS framework, procured with assistance from the Crown Commercial Service (CCS), has a potential value of $1.52 billion (£1.2 billion) and runs until November 2027.
&#8220;It reflects our team&#8217;s experience and commitment to supporting the critical needs of the MOD and provides another opportunity for Jacobs to further contribute to the nation&#8217;s defense and security initiatives,&#8221; said Executive Vice President Steve Arnette.
Price Action: J shares closed lower by 1.39% at $142.97 on Wednesday.

Equities

Contracts

Jacobs Secures Contract To Safeguard UK Ministry Of Defence Against Cyber Threats

HC Wainwright &amp; Co. analyst Scott Buck maintains AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) with a Buy and raises the price target from $10 to $17.

AEYE

HC Wainwright & Co. Maintains Buy on AudioEye, Raises Price Target to $17

WIIM

Lithium Americas Corp shares are trading lower after the company priced a $275 million public offering.

EV giant Tesla has reportedly begun informing affected employees about their severance packages following <a href="https://www.benzinga.com/news/24/04/38307316/after-teslas-cost-cutting-rivian-trims-workforce-again-this-year-amid-profitability-push" target="_blank" rel="noreferrer noopener">the recent layoffs</a>.
What Happened: Tesla is offering a severance package that includes two months of pay and covers the cost of COBRA health insurance for the same period for affected workers,&nbsp;Business Insider&nbsp;<a target="_blank" href="https://www.businessinsider.in/thelife/news/tesla-has-begun-sending-out-severance-info-to-laid-off-workers-heres-how-much-theyre-getting-/articleshow/109380266.cms" rel="noreferrer noopener">reported</a>, citing five former employees.
To receive the severance package, workers must sign a contract that prohibits any lawsuit or public defamation of the company, among other things. The contract must be signed within five days of receipt, and the severance pay will be issued 45 days after the termination date.
Why It Matters:&nbsp;Under the Worker Adjustment and Retraining Notification Act (WARN Act), companies with more than 100 employees are required to provide 60 days of notice before a large-scale layoff, as per the report.
Tesla&#8217;s severance offer could address any potential penalties if it were found to have violated the WARN Act, which allows laid-off employees to be entitled to up to 60 days of pay and benefits if not given proper advanced notice.
On Monday, Tesla laid off&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees" rel="noreferrer noopener">about 14,000 employees</a>, or 10% of its global workforce, via email to cut costs and eliminate duplicate roles.&nbsp;
&#8220;About every five years, we need to reorganize and streamline the company for the next phase of growth,&#8221; company CEO&nbsp;Elon Musk&nbsp;said on X&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38263933/elon-musk-re-enters-wartime-ceo-mode-tesla-chief-explains-necessity-of-massive-job-cuts-amid-report" rel="noreferrer noopener">about the sweeping job cuts</a>.
Check out more of Benzinga&#8217;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/news/24/04/38308138/just-being-very-cautious-says-elon-musk-as-tesla-reportedly-resumes-cybertruck-deliveries-after-brie">&#8216;Just Being Very Cautious,&#8217; Says Elon Musk As Tesla Reportedly Resumes Cybertruck Deliveries After Brief Halt</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.
Image made using AI via Midjourney

Tech

Laid Off By Tesla? Here's What You Get (And Can't Do) With Their Severance Offer

Alcoa shares are trading higher following better-than-expected Q1 financial results.

HC Wainwright &amp; Co. analyst Douglas Tsao reiterates argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) with a Buy and maintains $451 price target.

ARGX

HC Wainwright & Co. Reiterates Buy on argenx, Maintains $451 Price Target

Bank OZK shares are trading higher following better-than-expected Q1 earnings.

BHVN

Biohaven shares are trading lower after the company priced a 5.609 million share offering at $41 per share.

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Avino Silver &amp; Gold Mines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ASM#AMEX">ASM</a>) with a Buy and raises the price target from $1.5 to $1.6.

HC Wainwright & Co. Maintains Buy on Avino Silver & Gold Mines, Raises Price Target to $1.6

Zscaler shares are trading higher after KeyBanc upgraded the stock from Sector Weight to Overweight.

Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) reported quarterly earnings of $4.75 per share which beat the analyst consensus estimate of $4.64 by 2.37 percent. The company reported quarterly sales of $1.182 billion which missed the analyst consensus estimate of $1.199 billion by 1.43 percent. This is a 0.08 percent decrease over sales of $1.183 billion the same period last year.