Pre-Open Stock Movers 07/13: (DPW) (PLXP) (MSEX) Higher; (SLP) (TWO) (AFIB) Lower (more...)

Shoals Technologies Group, Inc. (SHLS) Prices 13.4M Share Offering at $28/sh

Shoals Technologies Group, Inc. (Nasdaq: SHLS) (the Company) today announced the pricing of an underwritten public offering of an aggregate of 13,384,155 shares of the Companys Class A common stock, at a price to the public of $28.00 per share. The Company is offering 8,394,463 shares of its Class A common stock, the net proceeds of which will be used to purchase equity interests in its operating subsidiary from certain holders including its founder Dean Solon, Director Brad Forth, Chief Executive Officer Jason Whitaker and Chief Financial Officer Philip Garton (collectively, the Existing Stockholders). Additionally,... More

Acutus Medical (AFIB) Announces 5.5M Share Offering at $14/sh

Acutus Medical, Inc. (NASDAQ: AFIB) (Acutus) today announced the pricing of its underwritten public offering of 5,500,000 shares of its common stock at a price to the public of $14.00 per share. All of the shares of common stock are being offered by Acutus. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Acutus,... More

Chargepoint Holdings Inc. (CHPT) Prices 12M Share Secondary Offering at $23.50/sh

ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle ("EV") charging network, announced today the pricing of its previously announced underwritten secondary offering of 12,000,000 shares of the Companys common stock, par value $0.0001 per share (the Common Stock), by certain stockholders of the Company (the Selling Stockholders), at a public offering price of $23.50 per share. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. The offering is expected to close on or about July 19, 2021, subject to the satisfaction of... More

Olink Holding AB (OLK) Prices 7.5M Secondary Offering at $31/ADS

Olink Holding AB (publ) (Nasdaq: OLK) (Olink or the Company), today announced the pricing of a public offering of 7,500,000 American Depositary Shares, each representing one common share of the Company (the ADSs), to be sold by certain selling shareholders of the Company, at a price to the public of $31.00 per ADS. In addition, certain selling shareholders have granted the underwriters a 30-day option to purchase up to 1,125,000 additional ADSs. The selling shareholders will receive all of the net proceeds from the offering and Olink will not receive any proceeds. The... More

ConAgra (CAG) PT Lowered to $40 at Jefferies

Jefferies analyst Rob Dickerson lowered the price target on ConAgra (NYSE: CAG) to $40.00 (from $42.00) while maintaining a Buy rating.

The analyst commented, "We trim our FY'22 EPS estimate by 8% to $2.50, in line with guidance, and FY'23 EPS by4% to $2.80. FY'22 OM... More

Celldex (CLDX) Prices Upsized 5.95M Share Offering at $42/sh

Celldex Therapeutics, Inc. (Celldex or the Company) (Nasdaq: CLDX) today announced the pricing of an underwritten public offering of 5,952,381 shares of its common stock at a public offering price of $42.00 per share. In connection with the offering, Celldex has granted the underwriters a 30-day option to purchase up to an additional 892,857 shares of common stock at the public offering price, less underwriting discounts and commissions.

Jefferies, SVB Leerink, Guggenheim Securities and Cantor are acting as the joint book-running managers for the offering. LifeSci Capital LLC and H.C. Wainwright & Co. are acting as co-lead... More

Pepsico (PEP) PT Raised to $171 at Guggenheim

Guggenheim analyst Laurent Grandet raised the price target on Pepsico (NASDAQ: PEP) to $171.00 (from $160.00) while maintaining a Buy rating.

The analyst commented, "PepsiCo reported exceptionally strong 2Q results with nearly 13% organic top-line growth and EPS of $1.72 that, in our view, gives the company... More

Pepsico (PEP) PT Raised to $185 at Cowen

Cowen analyst Vivien Azer raised the price target on Pepsico (NASDAQ: PEP) to $185.00 (from $165.00) while maintaining an Outperform rating.

The analyst commented, "PEP delivered a robust beat, reporting $1.72 in EPS (vs. the Street's $1.53). Strength was broad-based in the quarter, led by strong DD... More

Hanesbrands (HBI) Upgraded to 'Overweight' at Wells Fargo, Turnaround in the Early Innings with Upside Drivers in Place Says Analyst

Wells Fargo analyst Ike Boruchow upgraded Hanesbrands Inc. (NYSE: HBI) to Overweight from Equal Weight as he is impressed by the business execution and the overall direction of the business.

For the rst time in many years, we see a clear path to potential upside as the company has: 1) begun to take back market share in innerwear, 2) demonstrated sustainable growth potential for Champion, 3) laid out a more compelling plan around reinvestment (both marketing dollars and capex to support the supply chain) and 4) stated its intention to simplify the model, divesting non-core assets and utilizing FCF to... More