 Stock (UPGGY), Trade Ideas

Unifiedpost Group SA is a cloud-based platform for SME business services. The company's segment includes Platform; Paper processing; Payments; Services and Apps; Postage and Parcel and Corporate. It generates maximum revenue from the Platform segment. Platform segment includes groups of all digital document processing activities for as well SME clients as Corporate clients are part of this type of activity. It covers the inbound document flow (COLLECT) and the outbound document flow (CHANNEL).

UNIFIEDPOST GRP UNSP/ADR by Unifiedpost Group S. A.

Unifiedpost Group SA

Canaccord Genuity analyst Austin Moeller maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Buy and lowers the price target from $132 to $130.

News

Price Target

Analyst Ratings

ENPH

Canaccord Genuity Maintains Buy on Enphase Energy, Lowers Price Target to $130

B. Riley Securities analyst Anna Glaessgen maintains Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) with a Neutral and raises the price target from $70 to $87.5.

HIBB

B. Riley Securities Maintains Neutral on Hibbett, Raises Price Target to $87.5

Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares are trading higher Wednesday after the U.S. Senate passed a bill under which ByteDance would need to divest TikTok or <a href="https://www.benzinga.com/news/24/04/38394855/biden-set-to-sign-tiktok-ban-into-law-after-senate-passes-bill-supported-by-gop-democrats">face a ban in the U.S.</a>
What Happened: Late Tuesday, Congress passed new legislation to ban or force a sale of popular social media platform TikTok, according to a <a href="https://www.washingtonpost.com/technology/2024/04/23/tiktok-ban-senate-vote-sale-biden/">report</a> from the Washington Post. 
The Senate approved the bill 79 to 18 as part of an aid package for Israel, Ukraine and Taiwan. The House already approved the bill over the weekend, so the proposal is now headed to President Joe Biden&#8217;s desk, who is expected to sign it this week. 
Once the bill is signed, parent company ByteDance, which has been scrutinized for potential connections to the Chinese Communist Party, will have approximately nine months to sell TikTok. If the company fails to divest the popular app within that time, it will face a national ban.
The lawmakers who are pushing hard to implement restrictions on TikTok have cited concerns that ByteDance ownership may allow the Chinese government to access American user data.
From Last Month: <a href="https://www.benzinga.com/news/24/03/37594839/enemy-of-the-people-trump-slams-meta-stock-as-tiktok-ban-faces-scrutiny">&#8216;Enemy Of The People&#8217;: Trump Slams Meta Stock As TikTok Ban Faces Scrutiny</a>
Meta Platforms is due to report <a href="https://www.benzinga.com/calendars/earnings">first-quarter financial results</a> after the market close on Wednesday. The company is expected to report earnings of $4.32 per share on revenue of $36.156 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
Last quarter, Meta delivered an upside surprise when it reported <a href="https://www.benzinga.com/news/earnings/24/02/36899267/meta-platforms-q4-earnings-highlights-revenue-beat-eps-beat-companys-first-dividend-and-more">better-than-expected results</a>, initiated a quarterly dividend and announced a $50 billion increase to its buyback program. 
Meta said it focused on increasing its operating discipline, delivering strong execution and improving advertising performance in 2023. In 2024, the company said it plans to build on its progress in each of those areas while advancing longer-term ambitions in AI and Reality Labs. 
META Price Action: Meta shares were up 2.86% at $510.31 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Earnings

Previews

Movers

What's Going On With Meta Platforms Stock Wednesday?

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is scheduled to post earnings results for its first quarter, after the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38387398/meta-platforms-q1-earnings-preview-marginally-cautious-ai-opportunity-could-prove-f">closing bell on Wednesday</a>.
Analysts expect the Menlo Park, California-based company to report quarterly earnings at $4.32 per share, up from $2.20 per share in the year-ago period. Meta is projected to report quarterly revenue of $36.16 billion, up from $28.64 billion in the same quarter last year, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Meta has beaten revenue estimates from analysts in six straight quarters.
On April 22, Keybanc analyst Justin Patterson maintained Meta Platforms with an Overweight rating and lowered the price target from $575 to $555, while JMP Securities analyst Andrew Boone reiterated the stock with a Market Outperform and maintained a $550 price target.
With the recent buzz around Meta Platforms, some investors may be eyeing potential gains from the company's dividends. As of now, Meta Platforms has a dividend yield of 0.40%, which is a quarterly dividend amount of 50 cents a share ($2.00 a year).
To figure out how to earn $500 monthly from Meta Platforms, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Meta's $2.00 dividend: $6,000 / $2.00 &nbsp;= 3,000 shares
So, an investor would need to own approximately $1,488,300 worth of Meta Platforms, or 3,000 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $2.00 = 600 shares, or $297,660 to generate a monthly dividend income of $100.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/04/38396278/investor-sentiment-improves-further-dow-jumps-over-250-points">Investor Sentiment Improves Further, Dow Jumps Over 250 Points</a>
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
META Price Action: Shares of Meta Platforms rose 3% to close at $496.10 on Tuesday.
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38396305/tesla-boeing-and-3-stocks-to-watch-heading-into-wednesday">Tesla, Boeing And 3 Stocks To Watch Heading Into Wednesday</a>
Photo: Shutterstock

Long Ideas

Markets

Trading Ideas

How To Earn $500 A Month From Meta Platforms Stock Ahead Of Q1 Earnings

Amazon.Com,&nbsp;Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is establishing cloud regions in Southeast Asia in response to customer demands for secure local data storage.
&#8220;The reason for this is that many of our customers have been asking for that.&nbsp;They really wanted something local&nbsp;such that they can&nbsp;meet, for example, local data storage requirements, or protection of&nbsp;personal identifiable information,&#8221; CNBC&nbsp;<a target="_blank" href="https://www.cnbc.com/2024/04/24/amazon-cto-on-opening-southeast-asia-cloud-regions.html" rel="noreferrer noopener">cites</a>&nbsp;from Amazon&#8217;s Chief Technology Officer Werner Vogels&#8217; interview.
Amazon Web Services (AWS), Amazon&#8217;s cloud computing division, led the global cloud service market in the fourth quarter, capturing 31% of total cloud spending, says a Canalys report according to CNBC.
An AWS region consists of a physical location with clusters of data centers. Each area contains at least three separate availability zones, each equipped with power, cooling, and physical security and connected by redundant, ultra-low-latency networks.
Vogels noted that startups, large enterprises, and government agencies seek local technological deployments.&nbsp;
In November, Amazon announced the launch of a new AWS Region in Malaysia and committed to investing 25.5 billion Malaysian ringgit ($6 billion) by 2037. This investment supports the Malaysian government&#8217;s goal of transforming the country into a high-income digital economy by 2030.
Following the opening of cloud regions in Indonesia in December 2021 and Singapore in 2010, AWS plans to introduce an infrastructure region in Thailand.
AWS already operates multiple regions across various global locations, including North America, South America, Europe, China, Asia Pacific, South Africa, and the Middle East.
Analysts have flagged Amazon&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38322252/amazon-analyst-predicts-lead-in-ai-revolution-with-strategic-cost-efficiency-and-tech-innovations" rel="noreferrer noopener">leading position in</a>&nbsp;generative AI, predicting significant advantages from its development of AI chips and diverse&nbsp;large&nbsp;language model offerings.&nbsp;
For AWS, a quarter-over-quarter growth of $545 million and a 16% year-over-year increase are likely slightly ahead of the market&#8217;s 15% expectation.&nbsp;
They&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38364395/amazons-earnings-poised-for-boost-from-aws-ads-and-retail-innovation-bofa-analyst" rel="noreferrer noopener">highlighted potential growth</a>&nbsp;from AWS, advertising, and outperformance in the retail segment, with AWS expected to achieve a 16% year-over-year increase, slightly surpassing market expectations. Analysts also remain optimistic about Amazon&#8217;s eCommerce growth, supported by increased U.S. online spending and new developments like Prime Video ads and AI enhancements at the upcoming Worldwide Developer Conference.
Amazon stock gained over 69% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund&nbsp;&#8211;&nbsp;Consumer Discretionary&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) and&nbsp;Vanguard Consumer Discretion ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>).
Price Action:&nbsp;AMZN shares traded higher by 0.43% at $180.31 premarket on&nbsp;the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Company

Tech

Media

AMZN

Select Sector SPDR-Consumer Discretionary

Amazon to Open More Cloud Centers in Southeast Asia for Better Data Protection

B. Riley Securities analyst Christopher Souther maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Buy and lowers the price target from $149 to $133.

B. Riley Securities Maintains Buy on Enphase Energy, Lowers Price Target to $133

Following Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)<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"> first-quarter earnings release,</a> Wedbush analyst Daniel Ives maintained his bullish recommendation.
The Tesla Analyst: Ives maintained an Outperform rating, but reduced the price target from $300 to $275, citing his lowered estimates for the company. 
The Tesla Thesis: Tesla delivered a &#8220;rip the band-aid off 1Q,&#8221; with the <a href="https://www.benzinga.com/news/earnings/24/04/38394792/tesla-stock-surges-despite-ugly-q1-results-heres-why">disaster results</a> widely expected by the Street following the weak quarterly delivery numbers, said Ives in a note. The focus of the analysts and investors was, however, around the blueprint and roadmap for growth, he said.
The analyst also approved of CEO Elon Musk&#8217;s earnings call comments. &#8220;In a much-needed conference call Elon Musk finally stepped up as the adult in the room and laid the foundation for Tesla&#8217;s growth strategy, with most importantly a lower cost vehicle now slated for 2025 production and delivery,&#8221; he said.
This quelled anxiety among investors that Musk would take Tesla straight to robotaxis and essentially ditch the low-cost Model 2 vehicle, he had. 
&#8220;Instead it appears a &#8216;Model 2.5&#8217; will be the answer with a lower cost EV vehicle that we believe will be in the $25k-$30k range that uses &#8216;aspects of the next-gen platform&#8217; as well as the current platform and will be produced on current factory lines,&#8221; Ives said.
More importantly, the timeline for such a vehicle has been accelerated from the second half of 2025 and this EV will be key to Tesla&#8217;s volume turnaround in 2025, he said, adding &#8220;While it&#8217;s not a next-generation Model 2 platform, we believe this is the right strategy and move at the right time.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock" target="_blank" rel="noreferrer noopener">Everything You Need To Know About Tesla Stock</a>
The autonomy and full self-driving, according to Ives, is a key longer-term strategy but he sees regulatory hurdles and technology challenges serving as pushbacks.
&#8220;Clearly Tesla is going through a challenging period of delivery growth and this story will not turn around overnight so patience is required,&#8221; the analyst said. But he is encouraged by Musk taking tighter control of the reigns of Tesla, the lower-cost vehicle on the roadmap, cost cuts, FSD advancements, and ample financial power/treasure chest.
Ives cautioned of potential execution missteps. &#8220;Execution of the lower cost vehicle and driving incremental demand in the key China market must be flawless….otherwise this could derail the bull thesis in the next 6 to 12 months,&#8221; he said.
The &#8220;next wave of the Tesla growth story&#8221; and the &#8220;autonomous vision&#8221; was now forming, reinforcing Wedbush&#8217;s bullish thesis, the analyst said.
Tesla Price Action: In premarket trading on Wednesday, Tesla climbed 11.57% to $161.42, according to Benzinga Pro data.
Tesla Photo by Sheila Fitzgerald on Shutterstock

Analyst Color

Earnings Misses

Equities

Reiteration

TSLA

Tesla Bull Says Elon Musk Delivered 'Rip The Band-Aid Off' Q1 But Cautions This Could Derail Bullish Thesis

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is <a href="https://www.benzinga.com/money/shiba-inu-price-prediction">making waves again</a> is making waves again with significant burn rates, wallet movements, a good first-quarter performance and ecosystem developments.
What Happened: Shibburn data reveals a spike of 2,211.9% in burn rate in the past 24 hours, with a single transaction burning 1.8 million SHIB coins around two hours ago.
Shibburn data reveals a spike of 2,211.9% in burn rate in the past 24 hours, with a single transaction burning 1.8 million SHIB. 
Whale Alert <a href="https://twitter.com/whale_alert/status/1782930203393565004?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1782930203393565004%7Ctwgr%5E1d13da3e7916f44ac2b58af30e299c6305b47ac5%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fthecryptobasic.com%2F2024%2F04%2F24%2Frobinhood-shuffles-3000000000000-shiba-inu-in-one-transaction%2F">data</a> highlights the movement of 3 trillion SHIB tokens, worth $79.9 million, from one unknown wallet to another, both belonging to the trading platform Robinhood. This could be an internal shuffle carried out by the exchange to maintain security and optimize asset management. 
Tangem wallet <a href="https://twitter.com/Tangem/status/1782734816502280673?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1782734816502280673%7Ctwgr%5E4e700220b6bb2a9eb01317a4d745aa9fe57a6a91%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fthecryptobasic.com%2F2024%2F04%2F24%2Ftangem-wallet-adds-shiba-inu-as-payment-method%2F">announced</a> its support for payments in selected cryptocurrencies, with Shiba Inu being the only meme coin.
Price Action: At the time of writing, SHIB was trading at $0.00002723, up 3.2% over the past 24 hours, taking weekly gains to 24.7%. In the past 24 hours, Shiba Inu trading volume has expanded by 32% despite a marginal increase in its price.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38337646/dogecoin-killer-shiba-inu-whale-transactions-spike-55-100b-by-2025-predicts-crypto-investo">&#8216;Dogecoin Killer&#8217; Shiba Inu Whale Transactions Spike 55%: &#8216;$100B By 2025,&#8217; Predicts Crypto Investor</a>
Why It Matters: IntoTheBlock data highlights an increase of 3.2% in large transaction volume to $100.7 million, while concentration by large holders stands at 73%. 
Bitget Global, in its latest <a href="https://twitter.com/bitgetglobal/status/1782737175186178107?ref_src=twsrc%5Etfw">X</a> post, highlighted Shiba Inu&#8217;s Q1 performance, with a 416% surge in trading volume in the ecosystem and a 178% increase in the number of traders. The top three gainers in the SHIB Ecosystem sector were Shib, Leash, and Bone, with gains of 190%, 87%, and 25%, respectively.
This strong performance follows <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38358696/dogecoin-killer-shiba-inu-up-19-in-2-days-raises-12m-for-new-blockchain">Shiba Inu's announcement of a $12 million capital</a> raise to enhance its Layer 3 network and its collaboration with Fully Homomorphic Encryption technology leader Zama during the quarter.
What's Next: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga's upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38386424/shiba-inu-whale-accumulates-237b-shib-in-one-transaction-much-in-store-for-the-shib-army-v">Shiba Inu Whale Accumulates 237B SHIB In One Transaction: &#8216;Much In Store For The SHIB Army,&#8217; Vows Lead Developer</a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$SHIB

'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets 2,212%, As Robinhood Wallet Moves 3 Trillion SHIB In A Single Transaction

B. Riley Securities analyst Zach Cummins 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 $14 to $18.5.

AEYE

B. Riley Securities Maintains Buy on AudioEye, Raises Price Target to $18.5

Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) shares are trading lower Wednesday after the company reported worse-than-expected financial results and <a href="https://www.benzinga.com/news/24/04/38398319/enphase-energy-reports-weak-results-joins-lithia-motors-and-other-big-stocks-moving-lower-in-wednesd">issued weak guidance</a>.
What Happened: Enphase reported first-quarter revenue of $263.3 million, which missed the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a> of $281.95 million, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. U.S. revenue was down approximately 34% on a year-over-year basis, while revenues in Europe climbed approximately 70%. 
&#8220;The decline in revenue for the&nbsp;first quarter&nbsp;of 2024 compared to the&nbsp;fourth quarter&nbsp;of 2023 was the result of seasonality and a further softening in U.S. demand, while we continued to reduce shipments to manage channel inventory,&#8221; the company said. 
The company reported adjusted earnings of 35 cents per share, which missed analyst estimates of 40 cents per share.
Gross margin came in at 43.9%. Enphase said it generated $49.2 million in cash flow from operations and $41.8 million in free cash flow during the quarter. The company ended the quarter with $1.63 billion in cash, cash equivalents&nbsp;and marketable securities.
Enphase said it expects second-quarter revenue to be between $290 million and $330 million versus estimates of $350.706 million. The company anticipates second-quarter gross margin of 42% to 45%. 
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38401219/spotify-analysts-boost-their-forecasts-after-q1-earnings">Spotify Analysts Boost Their Forecasts After Q1 Earnings</a>
Analyst Changes: Following the print, multiple analysts adjusted ratings and price targets.
<ul>
<li>Guggenheim analyst Joseph Osha downgraded Enphase from Neutral to Sell and announced a price target of $92.</li>
</ul>
<ul>
<li>Mizuho analyst Maheep Mandloi maintained Enphase with a Buy and lowered the price target from $148 to $147.</li>
</ul>
<ul>
<li>Oppenheimer analyst Colin Rusch maintained Enphase with an Outperform and raised the price target from $133 to $134.</li>
</ul>
ENPH Price Action: <a href="https://www.benzinga.com/quote/ENPH">Enphase shares</a> were down 8.1% at $104.29 at the time of writing, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: courtesy of Enphase Energy.

Enphase Energy Stock Is Falling Wednesday: What's Going On?

B. Riley Securities analyst Zach Cummins reinstates Taboola.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>) with a Buy and announces $5.25 price target.

Initiation

TBLA

B. Riley Securities Reinstates Buy on Taboola.com, Announces $5.25 Price Target

Canaccord Genuity analyst George Gianarikas maintains Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Buy and lowers the price target from $234 to $222.

Canaccord Genuity Maintains Buy on Tesla, Lowers Price Target to $222

WIIM

Hilton Worldwide shares are trading higher after the company reported better-than-expected Q1 financial results and raised FY24 adjusted EPS guidance.

Management

RILY

B. Riley Financial Shares Higher, Co. Says The Results Of Independent Investigation Confirmed That Co. And Its Executives Had No Involvement With, Or Knowledge Of, Any Of The Alleged Misconduct Concerning Brian Kahn Or Any Of His Affiliates.

B. Riley Securities analyst Hal Goetsch maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Buy and raises the price target from $176 to $180.

B. Riley Securities Maintains Buy on Fiserv, Raises Price Target to $180

B. Riley Securities analyst Zach Cummins reinstates Outbrain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OB#NASDAQ">OB</a>) with a Neutral and announces $4.5 price target.

B. Riley Securities Reinstates Neutral on Outbrain, Announces $4.5 Price Target

Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>)(TSXV:<a class="ticker" href="https://www.benzinga.com/stock/VMC#TSXV">VMC</a>)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated April 23, 2024, notifying the Company that Nasdaq has determined that the Company is eligible for an additional 180 calendar day period to regain compliance with Nasdaq's minimum US$1.00 bid price per share requirement for continued listing on The Nasdaq Capital Market as set forth under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Requirement"), following the expiration on April 22, 2024 of the initial 180 calendar day period to regain compliance.
As previously disclosed, the Company was initially notified by Nasdaq on October 24, 2023 that the Company was not in compliance with the Bid Price Requirement for a period of 30 consecutive business days, and Nasdaq granted the Company a period of 180 calendar days, or until April 22, 2024, to regain compliance with the Bid Price Requirement.
As a result of the extension, the Company now has until October 21, 2024, to regain compliance with the Bid Price Requirement. To regain compliance, the Company's common shares must have a closing bid price of at least US$1.00 per share for a minimum of 10 consecutive business days, at which point the matter will be closed.
The receipt of the letter from Nasdaq has no immediate effect on the listing or trading of the Company's shares, which will continue to trade on The Nasdaq Capital Market under the symbol "VEV." The Company will monitor the closing price for its common shares during the extended compliance period and intends to take all reasonable measures available to regain compliance under the Bid Price Requirement and to maintain the listing of its common shares on The Nasdaq Capital Market.

TSXV:VMC

Vicinity Motor Corp. Receives Additional 180 Day Extension By Nasdaq To Regain Compliance With Minimum Bid Price Rule

WKHS

Workhorse Group Adds Milea Truck Sales And Leasing To Its Certified Dealer Network

Energy Transfer LP (NYSE:<a href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) today announced an increase in its quarterly cash distribution to $0.3175 per Energy Transfer common unit ($1.27 on an annualized basis) for the first quarter ended March 31, 2024.
This cash distribution per Energy Transfer common unit will be paid on May 20, 2024 to unitholders of record as of the close of business on May 13, 2024, and is an increase of 3.3 percent as compared to the first quarter of 2023.
In addition, as previously announced, Energy Transfer plans to release earnings for the first quarter of 2024 on Wednesday, May 8, 2024, after the market closes. The company will also conduct a conference call on Wednesday, May 8, 2024 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer's website at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.energytransfer.com&amp;esheet=53951738&amp;newsitemid=20240423530579&amp;lan=en-US&amp;anchor=energytransfer.com&amp;index=1&amp;md5=616d7ba1101f1a5a1619d151f1b95a8f">energytransfer.com</a>. The call will also be available for replay on Energy Transfer's website for a limited time.

Dividends

Energy Transfer Announces Increase In Quarterly Cash Distribution From $0.3150 To $0.3175

DKV Mobility's fuel and service cards will be accepted at Nayax's payment terminals starting in the second half of 2024.