Latest News for Supernova Energy Stock (OTC:SPRN)

Supernova Energy Inc is a United States-based oil and gas exploration and production company. The company provides wellbore completion and re-completion services for small, independent operators with existing oil and gas production. Its consulting services include completion, recompletion, workover, well engineering services, project management, and turnkey solutions.

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SUPERNOVA ENERGY INC by Supernova Energy, Inc.

Supernova Energy Inc

Piper Sandler analyst Justin Crowley maintains Heartland Bancorp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HLAN#OTC">HLAN</a>) with a Overweight and lowers the price target from $101 to $100.

Price Target

Analyst Ratings

HLAN

Piper Sandler Maintains Overweight on Heartland Bancorp, Lowers Price Target to $100

Piper Sandler analyst Casey Orr Whitman maintains Atlantic Union Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUB#NYSE">AUB</a>) with a Overweight and lowers the price target from $40 to $38.

Piper Sandler Maintains Overweight on Atlantic Union Bankshares, Lowers Price Target to $38

Under HVIP, the Mullen THREE EV truck, with a suggested MSRP of $68,500, now qualifies for a rebate of up to $45,000.
When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen THREE would be less than $17,000.
BREA, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- via IBN -- <a href="https://www.globenewswire.com/Tracker?data=cG2YSI5bIlU9s6WU2LRaLJHbYHiBXwo-nLav6URdtWkQNVnnoDzve6go3BWo2wcdr80uuuKJRbdG5GJjwOcdWqNP2qJZDEfhREL0DMVny1w=">Mullen Automotive, Inc.</a> (NASDAQ:<a href="https://www.globenewswire.com/Tracker?data=Kxz06agufvMl3cyP03hE1sFG7hAkeq2fD1nQI9G58UtMlEKJ6LJryq2p7fKmuC1K_BpSVZZQenJrypaNHf12LYqIm4VLNhPJ72zmfu78jvE="> MULN</a>) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today the&nbsp; <a href="https://www.globenewswire.com/Tracker?data=x9OdOWHFB4My_PPeznf94ALxBTmu7geM2QaL4Z5KDi-pJCRqxIJvyDwGsSmWaRduQVdE9GgLKzzCLYMcCgH4r9wYmClfIdU00lWcM4sHy0QImoW4wp10OlAOjWYLJ0LUs2rXAXBlxYJtDuzFvHTjzLs8BGeRc-IUl5Aer5sWe03r9ALsBo8GfAPDTP7jL_hR6MsfqXt-CXx7u20PMvUbTdTFAbDs9yr3yM1WCW4WufKuPfmWfEis-hiVRCAnwU9ObxriZQfC4qRDQC_taqaigA==">California Air Resources Board</a> ("CARB") has approved the Company's all-electric Class 3 low cab forward, the 2024 Mullen THREE, for the <a href="https://www.globenewswire.com/Tracker?data=KX0pweJeZLLwY2lvbgP2ON5nXDM28Bg5zolFwSB2cKnpKYMlCEjahhQLBZBGm0-uizJYDK322upBLO9frdeTi7u4q4x-Hrwz1g2XWqmrJh1C0ir78UIGFT-6ofv9sK2OtuR1jXQdUl2eraIRjmi9KSMRD-HIM_puDxKfG1OEdTg=">Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project ("HVIP")</a>.&nbsp;
The HVIP program plays a crucial role in the deployment of zero-emission technologies and accelerates commercialization by providing point-of-sale vouchers to make advanced vehicles more affordable. Under HVIP, the 2024 Mullen THREE EV truck, with a suggested MSRP of $68,500, now qualifies for up to $45,000 cash voucher. When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen THREE could be less than $17,000.&nbsp; A copy of Mullen's Class 3 HVIP approval can be found <a href="https://www.globenewswire.com/Tracker?data=sGxqE7XcSa8gsBAOfJ3A1kDBGDkPSwF3J6ozn_ABEaYDSpupIkQz47PswdK32w2WR0MeBUuhmYnX6Qt8ZIDw8V752-tOEftzViwZuguBNQAHLyNE0DgFv6THwQ393MBibeDECma13C7mKswV-YM5vZoh1m-JYz5VuZYl2XIhn2w=">here</a>.
"California's HVIP approval for the 2024 Mullen THREE is a significant milestone making our Class 3 electric truck even more attractive and accessible to businesses seeking to electrify their fleets," said David Michery, CEO of Mullen Automotive.
Mullen <a href="https://www.globenewswire.com/Tracker?data=MzuNPi40zvIAxL6I15U3u5r0JW6nWn9OT2ZsGNu0TPBml45PkHHTOutKKS3_olSJlTpg9z15pKIJkeESEnwvQVlsKW8sr-mbu_jHLrv_yN8CJMH_UVCEPQlYn52J4njHtCryL4SOId7rclj0YtjfwoRLsC1iaNvGmM5sOyUCEi9AfMum4W7MHPMr2B-COzfP">recently announced</a> that it is now in receipt of CARB approval for both 2024 and 2025 Class 3 model years. Mullen's Class 1 and Class 3 commercial vehicles are both in receipt of Environmental Protection Agency ("EPA") and CARB certifications and in full compliance with U.S. Federal Motor Vehicle Safety Standards.
The all-electric Mullen THREE is a Class 3 low cab forward EV truck featuring a robust payload, a 125-mile range and is purpose-built to meet the demands of urban last-mile delivery. The Mullen THREE chassis has a clean top-of-rail design to support a variety of upfits for vocational needs, to last mile delivery, construction, landscaping, catering and more.

MULN

Mullen Automotive Announces 2024 Mullen THREE EV Truck, Priced At $68,500, Eligible For Up To $45,000 In HVIP Incentives

Management

LXRX

Lexicon Pharmaceuticals CEO Lonnel Coats Retires

Hope Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOPE#NASDAQ">HOPE</a>) reported quarterly earnings of $0.23 per share which missed the analyst consensus estimate of $0.26 by 11.54 percent. This is a 30.3 percent decrease over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $123.333 million which missed the analyst consensus estimate of $130.428 million by 5.44 percent. This is a 14.86 percent decrease over sales of $144.856 million the same period last year.

Earnings

Earnings Misses

HOPE

Hope Bancorp Q1 2024 Adj EPS $0.23 Misses $0.26 Estimate, Sales $123.333M Miss $130.428M Estimate

Piper Sandler analyst Casey Orr Whitman maintains Ameris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABCB#NASDAQ">ABCB</a>) with a Overweight and raises the price target from $55 to $57.

ABCB

Piper Sandler Maintains Overweight on Ameris, Raises Price Target to $57

Barclays analyst Adrienne Yih downgrades Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) from Overweight to Equal-Weight and lowers the price target from $612 to $434.

Downgrades

ULTA

Barclays Downgrades Ulta Beauty to Equal-Weight, Lowers Price Target to $434

VINO common stock expected to begin trading on a split-adjusted basis on May 1, 2024
MIAMI, FL / ACCESSWIRE / April 29, 2024 / Gaucho Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINO#NASDAQ">VINO</a>), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods and accessories (the "Company" or "Gaucho Holdings"), today announced a 1-for-10 reverse stock split of the Company's common stock to become effective at 12:01 a.m. (Eastern Time) on May 1, 2024. The Company's common stock is expected to begin trading on a split-adjusted basis when the markets open on May 1, 2024 under the existing trading symbol "VINO."
The reverse stock split is primarily intended to bring the Company into compliance with the minimum bid price requirements for maintaining its listing on the Nasdaq Capital Market. The new CUSIP number following the reverse stock split will be 36809R503.
As a result of the reverse stock split, every 10 shares of the Company's common stock issued and outstanding or held by the Company as treasury stock will be automatically reclassified into one new share of common stock. The reverse stock split will not modify any rights or preferences of the shares of the Company's common stock. Proportionate adjustments will be made to the exercise prices and the number of shares underlying the Company's outstanding equity awards, as applicable, and warrants, as well as to the number of shares issued and issuable under the Company's equity incentive plans. The common stock issued pursuant to the reverse stock split will remain fully paid and non-assessable. The reverse stock split will not affect the number of authorized shares of common stock or the par value of the common stock. The reverse stock split was approved by the Company's stockholders at the special meeting of stockholders held on February 29, 2024 at a ratio in the range of 1-for-2 and 1-for-10, such ratio to be determined by the Board of Directors and included in a public announcement. On April 19, 2024, the Company's Board of Directors approved the reverse stock split at the ratio of 1-for-10.
No fractional shares will be issued in connection with the reverse stock split and no cash or other consideration will be paid in connection with any fractional shares. Stockholders who would otherwise would have held a fractional share after giving effect to the reverse stock split will instead own one whole share of the post-reverse stock split common stock.

Stock Split

VINO

Gaucho Group Holdings, Inc. Announces 1-For-10 Reverse Stock Split, Expected To Begin Trading On A Split-adjusted Basis When The Markets Open On May 1, 2024

WIIM

ATXI

Avenue Therapeutics shares are trading lower after the company announced the exercise of warrants for $4.4 million in gross proceeds.

Contracts

E-Home Household Services Holdings Signs Cleaning Service Agreements With Several Property Companies; Total Value Over RMB6M

Piper Sandler analyst Nathan Race maintains Horizon Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBNC#NASDAQ">HBNC</a>) with a Neutral and lowers the price target from $14 to $13.

HBNC

Piper Sandler Maintains Neutral on Horizon Bancorp, Lowers Price Target to $13

<ul>
<li>More than 20 million people in the U.S. are living with peripheral artery disease (PAD) yet there have been limited treatment options</li>
<li>The first-of-its-kind Esprit&#x2122; BTK Everolimus Eluting Resorbable Scaffold dissolves over time after it has opened blocked arteries below the knee (BTK)</li>
<li>The Esprit BTK System is a dissolving stent that offers the possibility of better outcomes for people with the most severe form of PAD</li>
</ul>
&nbsp;

Biotech

Abbott's Receives FDA Approval For Esprit BTK Everolimus Eluting Resorbable Scaffold System

CJJD

China Jo-Jo Drugstores shares are trading lower after the company announced a $1.53 million registered direct offering.

Miami's housing market has been on a tear, with prices doubling since 2018.
The rapid rise is part of a larger trend across the country, but it's been particularly pronounced in Florida. Experts point to investor interest and urban development projects as some of the reasons behind Miami's booming housing market.
Other markets where home prices have doubled since 2018 include Tampa, Florida; Baltimore, Maryland; and Spokane, Washington.
While the surge in prices has been a boon to some, it's made it more difficult for middle-income families to afford to buy a home in the city.
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"It's unaffordable for people to own a home today," real estate mogul Grant Cardone told Fox Business in December.
Cardone blames the Federal Reserve for killing the housing market with interest rate hikes.
"He [Fed Chairman Jerome Powell] has not controlled inflation," Cardone said. "He has failed miserably. What he has actually done is created, and in the meantime stopped, the housing industry."
Nationally, prices have doubled in less than 10 years in 68 of the country's largest 100 cities, according to a report from Point2. Over the past decade, the average home price in the United States has ballooned from about $200,000 to $400,000. The dramatic rise is fueled by a perfect storm of factors: inflation, limited housing supply and skyrocketing demand.
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The situation is even more glaring in cities like Detroit, where as recently as 2019, you could buy a house for $40,000 — half of what homes cost now.
<h2 class="wp-block-heading">U.S. Cities Where Median Home Prices Doubled Fastest</h2>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Detroit</td>
<td>4.9 years</td>
</tr>
<tr>
<td>Spokane, Washington</td>
<td>5.9 years</td>
</tr>
<tr>
<td>Tampa, Florida</td>
<td>6 years</td>
</tr>
<tr>
<td>Miami</td>
<td>6 years</td>
</tr>
<tr>
<td>Baltimore, Maryland</td>
<td>6.1 years</td>
</tr>
<tr>
<td>Scottsdale, Arizona</td>
<td>6.2 years</td>
</tr>
<tr>
<td>Buffalo, New York</td>
<td>6.4 years</td>
</tr>
<tr>
<td>St. Petersburg, Florida</td>
<td>6.6 years</td>
</tr>
<tr>
<td>Jersey City, New Jersey</td>
<td>6.8 years</td>
</tr>
<tr>
<td>Phoenix</td>
<td>6.8 years</td>
</tr>
<tr>
<td>Gilbert, Arizona</td>
<td>6.8 years</td>
</tr>
<tr>
<td>Mesa, Arizona</td>
<td>6.9 years</td>
</tr>
<tr>
<td>Cleveland</td>
<td>6.9 years</td>
</tr>
<tr>
<td>Charlotte, North Carolina</td>
<td>7 years</td>
</tr>
<tr>
<td>North Las Vegas, Nevada</td>
<td>7 years</td>
</tr>
<tr>
<td>Chandler, Arizona</td>
<td>7 years</td>
</tr>
<tr>
<td>Cincinnati</td>
<td>7 years</td>
</tr>
<tr>
<td>Boise, Idaho</td>
<td>7.1 years</td>
</tr>
<tr>
<td>Milwaukee</td>
<td>7.1 years</td>
</tr>
<tr>
<td>Tucson, Arizona</td>
<td>7.1 years</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Point2</figcaption></figure>
Home price increases were the least dramatic in Anchorage, Alaska, where it took more than 21 years to increase from $179,600 in 2003 to $359,200 today. It took seven other cities more than 19 years for home prices to double: urban Honolulu; Washington, D.C.; Corpus Christi, Texas; Brooklyn, New York; and Virginia's Arlington, Chesapeake and Virginia Beach.
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Real Estate

Miami Housing Market Doubles Down: Prices Soar 100% In Four Years

ZVSA

ZyVersa Therapeutics shares are trading higher after the company announced the publication of a scientific paper in a peer-reviewed journal that reinforces the rationale for inhibiting ASC with IC 100 to potentially attenuate cardiac comorbidities in patients with Alzheimer's Disease.

Late-breaker Phase 3 STRIDE-10 trial presented as an oral presentation at European Society of Clinical Microbiology and Infectious Diseases
Results build on the data supporting the clinical profile of V116 for adults

Merck Announces Data For V116, Investigational, 21-Valent Pneumococcal Conjugate Vaccine Specifically Designed For Adults

Hope Bancorp, Inc. ("Hope Bancorp") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOPE#NASDAQ">HOPE</a>), the holding company of Bank of Hope, and Territorial Bancorp Inc. ("Territorial") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBNK#NASDAQ">TBNK</a>), the stock holding company of Territorial Savings Bank, today jointly announced the signing of a definitive merger agreement, which is expected to create the largest regional bank catering to multi-ethnic customers across the continental United States and the Hawaiian Islands.
As of December 31, 2023, Territorial had total assets of $2.24 billion, total loans of $1.31 billion and total deposits of $1.64 billion. Territorial Savings Bank, a state-chartered savings bank, originally chartered in 1921 by the Territory of Hawai‘i, conducts business from its headquarters in Honolulu, Hawai‘i, and operates 28 branches in the state. Hope Bancorp intends to preserve the 100-plus year legacy of the Territorial Savings Bank brand name, culture and commitment to local communities. Following the completion of the transaction, the legacy Territorial franchise in Hawai‘i will continue to do business under the Territorial Savings Bank brand, as a trade name of Bank of Hope.
Strategic Highlights of Proposed Transaction
<ul>
<li>Adds stable, low-cost core deposit base to the combined company</li>
<li>Accelerates diversification of the combined company's loan mix through the addition of a residential mortgage portfolio with excellent asset quality</li>
<li>Opportunity to grow Territorial's market share and enhance the customer experience by leveraging the combined company's larger balance sheet, resources and more extensive array of banking products and services</li>
<li>Combined footprint expands to include attractive Hawai‘i market with large Asian American and Pacific Islander communities</li>
<li>Strong levels of capital to support the growth of the combined franchise</li>
</ul>
"We believe this combination will strengthen our position as one of the leading Asian American banks in the country by expanding our footprint to the Hawaiian Islands," stated Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp, Inc. "Upon the close of the transaction, we believe Territorial's high-quality deposit base will enhance our core funding mix and Territorial's residential mortgage portfolio will accelerate the diversification of our loans. We look forward to building on Territorial's 100-plus year legacy of exemplary customer service and support of local communities in a strategically important market."
"Our merger with Hope Bancorp will bring together two companies that share long-standing commitments to our customers and the communities where we live and work," said Allan S. Kitagawa, Chairman, President and Chief Executive Officer of Territorial Bancorp Inc. "Our name will remain Territorial Savings Bank, and we expect a seamless transition for our customers, who will continue to benefit from our strong focus on relationship banking, personalized service and tailored financial solutions. At the same time, we believe the proposed combination will strengthen Territorial Savings Bank for the long term, providing many advantages for our customers and employees as we become part of a larger organization with greater resources, enhanced technology platforms, and an expanded array of banking products and services."
Under the terms of the merger agreement, upon completion of the transaction, Territorial shareholders will receive a fixed exchange ratio of 0.8048 shares of Hope Bancorp common stock in exchange for each share of Territorial common stock they own, in a 100% stock-for-stock transaction valued at approximately $78.6 million. Based on the closing price of Hope Bancorp's common stock on April 26, 2024, this represents a value of $8.82 per share of Territorial common stock, although the actual value will be determined upon transaction closing. Upon completion of the transaction, it is expected that Hope Bancorp shareholders will own approximately 94.4% of the combined entity and Territorial shareholders will own approximately 5.6%, with the actual percentages being determined as of the transaction closing date. The transaction is intended to qualify as a tax-free reorganization for Territorial shareholders. The proposed transaction, after the close, is expected to be immediately accretive to Hope Bancorp's earnings.
The Boards of Directors of both companies have approved the merger agreement and the transaction contemplated thereby. The transaction is expected to close by year-end 2024, subject to regulatory approvals, the approval of Territorial shareholders, and the satisfaction of other customary closing conditions.
Hope Bancorp is being advised by the investment banking firm of D.A. Davidson &amp; Co., and the law firm of Greenberg Traurig, LLP. Territorial is being advised by the investment banking firm of Keefe, Bruyette &amp; Woods, a Stifel Company, and the law firm of Luse Gorman, PC.

TBNK

Hope Bancorp And Territorial Bancorp Announce Definitive Merger Agreement; Territorial Shareholders Will Receive A Fixed Exchange Ratio Of 0.8048 Shares Of Hope Bancorp Common Stock In Exchange For Each Share Of Territorial Common Stock They Own, In A 100% Stock-For-Stock Transaction Valued At ~$78.6M

Piper Sandler analyst Crispin Love maintains Virtus Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) with a Overweight and lowers the price target from $275 to $265.

VRTS

Piper Sandler Maintains Overweight on Virtus Inv, Lowers Price Target to $265

California-based marijuana multi-state&nbsp;operator (MSO),&nbsp;Punch Edibles &amp; Extracts (Punch)&nbsp;is acquiring Tempo Crackers (Tempo), an LGBTQ-founded cannabis-infused snack company. This deal&nbsp;is expected&nbsp;to broaden Punch's house of brands and support Tempo's future product launches.&nbsp;
"After three and a half years being Tempo's manufacturer, we are thrilled to officially add the brand to the Punch family," stated  Samantha O'Donnell, co-founder &amp; CFO of Punch. "While we will continue to create terpene-enhanced, savory edibles with a focus on precision dosing and targeted effects, there are limitless possibilities for where Tempo's compelling positivity can take us."
The price and other terms of the deal&nbsp;were not disclosed.
"Tempo is extremely proud to have been acquired by a beloved legacy brand like Punch," stated Robert Holland, founder of Tempo who will remain at the company as its creative director. "We are excited to be a part of their ongoing portfolio expansion and enable the Punch family to represent a different demographic than their existing consumer base. We are already at work developing a new Tempo product line that will further showcase the power of flavor and leverage Punch's manufacturing expertise to speak to a broader segment of cannabis consumers."
The two companies recently teamed up on a new product, launching the high-potency Solventless Hash 2-PackCrackers. Each compact snack pack includes two 50 mg crackers made with Punch's single strain solventless hash, containing a total of 100mg THC. 
Punch's current portfolio offers a rich "Know Your Dose" catalog of products and brands such as Punch Edibles, Punch Extracts, Tempo Crackers, and Dr. Norm's. They are available in licensed dispensaries in California, Oklahoma and <a href="https://www.benzinga.com/markets/cannabis/23/09/34242747/exclusive-these-popular-california-weed-edibles-are-now-available-in-new-york" target="_blank" rel="noopener">New York.</a>
Related Links:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/06/32968046/exclusive-lgbtq-owned-cannabis-edibles-business-honors-pride-month-with-new-snack-pack" target="_blank" rel="noopener">EXCLUSIVE: LGBTQ-Owned Cannabis Edibles Business Honors Pride Month With New Snack Pack</a>
Photo: Courtesy of Tempo Crackers

Cannabis

Exclusives

Exclusive: California Legacy Cannabis Company Is Buying Weed-Infused Snack Producer

Eastman Chemical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMN#NYSE">EMN</a>) reported better-than-expected first-quarter earnings after the <a href="https://www.benzinga.com/quote/EMN/earnings">closing bell on Thursday.</a>
Eastman Chemical posted adjusted earnings of $1.61 per share, beating market expectations of $1.43 per share. The company's quarterly sales came in at $2.310 billion versus estimates of $2.293 billion, according to data from <a href="https://editorial.benzinga.com/wp-admin/post.php?post=312704&amp;action=edit">Benzinga Pro</a>.
&#8220;We delivered strong sequential earnings growth in the first quarter, above the high-end of our initial expectations,&#8221; said Mark Costa, Board Chair and CEO. &#8220;In the first quarter, we were encouraged to see continued evidence that inventory destocking is complete across most of our key end markets including consumer durables, building and construction, and personal care. Sales volume/mix improved 4 percent sequentially as demand for our products appears to be reconnecting to primary end-market demand. We are also incredibly proud to have achieved on spec production and revenue generation at our Kingsport methanolysis facility.&#8221;
Eastman Chemical affirmed FY2024 adjusted earnings guidance of $7.25 to $8.00 per share.
Eastman Chemical shares fell 0.6% to close at $95.56 on Friday.
These analysts made changes to their price targets on Eastman Chemical following earnings announcement.
<ul>
<li>B of A Securities cut the price target on Eastman Chemical from $113 to $112. B of A Securities analyst Steve Byrne maintained a Buy rating.</li>
<li>Jefferies increased the price target on Eastman Chemical from $102 to $125. Jefferies analyst Laurence Alexander upgraded the stock from Hold to Buy.</li>
</ul>
Now Check This Out: <a href="https://www.benzinga.com/news/24/04/38487215/this-analyst-with-86-accuracy-rate-sees-around-13-upside-in-chipotle-mexican-grill-here-are-5-stock">This Analyst With 86% Accuracy Rate Sees Around 13% Upside In Chipotle Mexican Grill &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a>

These Analysts Revise Their Forecasts On Eastman Chemical After Q1 Earnings

Supernova Energy

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Latest News for Supernova Energy Stock (OTC:SPRN)

Wednesday, September 04, 2019