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Okeanis Eco Tankers

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.

Okeanis Eco Tankers Corp

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electroCore Inc

ELCORA ADVANCED MAT ORD by Elcora Advanced Materials Corp.

Elcora Advanced Materials Corp

Pacer Emerging Markets Cash Cows 100 ETF

ECO INNOVATION GRP INC by Eco Innovation Group, Inc.

Eco Innovation Group Inc

News

Management

DNUT

Krispy Kreme Reveals  Changes To Its Global Leadership Team; Names Nicola Steele As Incoming COO

Tech

ZBRA

Zebra Technologies Launches  New AI Solutions For Retail Frontline Operations

Amwell reiterated its guidance for 2024, which calls for:
<ul>
<li>Revenue in the range of $247 million and $252 million</li>
<li>Adjusted EBITDA in the range of ($137) million and ($142) million</li>
<li>AMG visits between 1.4 million and 1.5 million</li>
</ul>

Health Care

General

AMWL

Amwell Has Sold Its Amwell Psychiatric Care Business To Avel eCare, A Provider Of Clinician-to-clinician Telehealth Services For $21M

Guidance

WillScot Reaffirms Its Most Recently Stated FY24 Guidance

In the last three months, 4 analysts have published ratings on Liquidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $24.25, a high estimate of $30.00, and a low estimate of $19.00. This upward trend is evident, with the current average reflecting a 8.6% increase from the previous average price target of $22.33.
<img src="https://www.benzinga.com/files/images/story/2025/1736427623_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 Liquidia. 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>Serge Belanger</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$19.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Andrew Fein</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$29.00</td>
<td>$29.00</td>
</tr>
<tr>
<td>Serge Belanger</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$19.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Greg Harrison</td>
<td>Scotiabank</td>
<td>Announces</td>
<td>Sector Outperform</td>
<td>$30.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Liquidia. This insight gives a snapshot of 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 Liquidia 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>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Liquidia's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LQDA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Liquidia 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>Delving into Liquidia's Background</h2>
Liquidia Corp is a United States-based biopharmaceutical company focused on the development, manufacturing, and commercialization of products that address unmet patient needs, with the current focus directed towards the treatment of pulmonary hypertension (PH) and pulmonary hypertension associated with interstitial lung disease. It conducts research, development, and manufacturing of novel products by applying its proprietary PRINT technology, a particle engineering platform, to enable the precise production of uniform drug particles. Its product includes YUTREPIA (treprostinil) inhalation powder, for the treatment of pulmonary arterial hypertension. The company also generates revenue from the sale of Treprostinil Injection through an agreement between its subsidiary and the manufacturer.
<h3>Liquidia's Financial Performance</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Over the 3 months period, Liquidia showcased positive performance, achieving a revenue growth rate of 20.94% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Health Care sector.
Net Margin: Liquidia's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -520.57%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Liquidia's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -26.73%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Liquidia's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -10.76%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.02.
<h2>The Basics of Analyst Ratings</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.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

LQDA

Breaking Down Liquidia: 4 Analysts Share Their Views

In the preceding three months, 8 analysts have released ratings for Penguin Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>), presenting a wide array of perspectives from bullish to bearish.
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 align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">6</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $25.25, a high estimate of $30.00, and a low estimate of $21.00. Observing a downward trend, the current average is 13.53% lower than the prior average price target of $29.20. 
<img src="https://www.benzinga.com/files/images/story/2025/1736427615_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A comprehensive examination of how financial experts perceive Penguin Solutions is derived from recent analyst actions. The following is a detailed summary of 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>Quinn Bolton</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$27.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Ananda Baruah</td>
<td>Loop Capital</td>
<td>Announces</td>
<td>Buy</td>
<td>$30.00</td>
<td>-</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$27.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Rustam Kanga</td>
<td>JMP Securities</td>
<td>Announces</td>
<td>Market Outperform</td>
<td>$23.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Ng</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$21.00</td>
<td>-</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Brian Chin</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$27.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Quinn Bolton</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$25.00</td>
<td>$35.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Penguin Solutions. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Penguin Solutions compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Penguin Solutions's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Penguin Solutions's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PENG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Penguin Solutions 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 Penguin Solutions</h2>
Penguin Solutions Inc is an end-to-end technology company engaged in Intelligent Platform Solutions, Integrated Memory, and Optimized LED business. Its product include Servers, software, OCP HPC &amp; AI system, Racks and Edge. Servers include AMD-based Serves, Intel-based Servers, etc. Software products include Scyld ClusterWare, Scyld Cloud Central, etc. OCP HPC &amp; AI Systems includes OCP Servers &amp; Storage and etc.
<h3>Penguin Solutions: Financial Performance Dissected</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: Penguin Solutions's revenue growth over 3 months faced difficulties. As of 31 August, 2024, the company experienced a decline of approximately -1.74%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Penguin Solutions's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -7.89% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Penguin Solutions's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -6.03%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Penguin Solutions's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -1.63%, the company showcases efficient use of assets and strong financial health.
Debt Management: Penguin Solutions's debt-to-equity ratio surpasses industry norms, standing at 1.83. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<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.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Penguin Solutions, Inc. - Ordinary Shares

PENG

Where Penguin Solutions Stands With Analysts

On Thursday, Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) announced a significant achievement in its financial performance, reporting the highest-ever unaudited and unreviewed contribution <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n42892514/zoomcar-reports-highest-ever-unaudited-and-unreviewed-contribution-profit-in-december-2024-which-c" rel="noreferrer noopener">profit for December 2024.</a>
The company achieved $494,506 in contribution profit for the month, which was sufficient to cover its operational costs in India. It is to be noted that Zoomcar currently only operates in India and does not incur operational costs in any other country.
This result reflects a 17% increase in bookings compared to December 2023, underscoring the growing demand for Zoomcar&#8217;s platform in India and the rising adoption of car-sharing solutions.
Over the past year, Zoomcar has seen a remarkable recovery in its financials.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/42681649" rel="noreferrer noopener">Zoomcar Stock Zooms Over 100% On Booking Surge And Website Upgrades: Details</a>
In the first quarter of fiscal year 2024-25, the company reported a contribution profit of $0.46 million, a sharp recovery from a loss of $1.2 million in the same period the previous year.
This upward trajectory continued in the second fiscal quarter, where Zoomcar posted a contribution profit of $1.21 million, significantly improving from the prior year&#8217;s loss.
Interim CEO Hiroshi Nishijima attributed the company&#8217;s success to its focus on customer experience, which drives repeat bookings and strengthens host retention, all while reducing marketing expenses.
&#8220;This focus drives repeat bookings from Guests and strengthens Host retention, all while minimizing our spend on discounts and marketing—an organic flywheel of growth,&#8221; Nishijima said.&nbsp;
Price Action: ZCAR shares closed lower by 3.26% at $1.78 on Wednesday.
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</ul>

Earnings

Equities

Markets

ZCAR

Zoomcar's 17% Bookings Surge Fuels ~$494K Profit In December: Details

Keybanc analyst Justin Patterson maintains DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) with a Overweight and raises the price target from $180 to $225.

Price Target

DASH

Keybanc Maintains Overweight on DoorDash, Raises Price Target to $225

Jefferies analyst Daniel Fannon maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Hold and lowers the price target from $212 to $190.

CBOE

Jefferies Maintains Hold on Cboe Global Markets, Lowers Price Target to $190

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk said on Thursday that the company sees its full self-driving (FSD) driver assistance technology superseding human driving capabilities in 3 months.
What Happened: Musk said in an X live on Thursday that the company sees FSD driving better than an average human driver in terms of the incidence of accidents by the second quarter of this year and getting 10 times safer in due time and further until it will no longer crash. 
Tesla&#8217;s FSD currently requires active driver supervision. However, Musk is optimistic that the technology will enable autonomous driving with future versions of the software. 
Musk is known for overestimating his company&#8217;s products and providing deadlines he cannot meet. As far back as 2019, Musk said that he was confident about Tesla having operational robotaxis by 2020.&nbsp;
Last year, Musk said that the company would start deploying self-driving Model 3 and Model Y vehicles in Texas and California for ride-hail in 2025, provided it gets the necessary regulatory clearances. 
Regulatory Clearance Pending: Earlier this week, the U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) opened a probe&nbsp;<a href="https://www.benzinga.com/25/01/42840097/nhtsa-opens-probe-into-26-million-tesla-vehicles-after-complaint-of-crash-involving-actually-smart-summon-feature" target="_blank" rel="noreferrer noopener">into about 2.6 million Tesla vehicles</a>&nbsp;equipped with the company&#8217;s full self-driving driver assistance technology following a complaint alleging that the use of its &#8220;Actually Smart Summon&#8221; feature led to a crash.
Actually Smart Summon refers to a feature that allows a user to remotely move the vehicle towards themselves or to another nearby location such as a parking lot through the company&#8217;s phone app.
In October, NHTSA opened another investigation into<a href="https://www.benzinga.com/news/24/10/41398764/nhtsa-opens-probe-into-2-4m-tesla-vehicles-after-reports-of-4-crashes-with-fsd-involved" target="_blank" rel="noreferrer noopener">&nbsp;2.4 million Tesla vehicles</a>&nbsp;following reports of four crashes where its&nbsp;<a href="https://www.benzinga.com/topic/tesla-fsd" target="_blank" rel="noreferrer noopener">full self-driving</a>&nbsp;(FSD) partial driving automation system was engaged.
The regulator then said that it had identified four crash reports in which a Tesla experienced a crash after entering an area of "reduced roadway visibility" with FSD engaged.&nbsp;The reduced visibility, the regulator said, was caused by sun glare, fog, or airborne dust.
In one of the crashes, the vehicle struck and killed a pedestrian, the regulator added.
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>
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Photo courtesy: Shutterstock

TSLA

Elon Musk Predicts Tesla's FSD Will Surpass Human Driving Safety By Q2 2025

William Blair initiates coverage on Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Market Perform rating.

Initiation

William Blair Initiates Coverage On Cboe Global Markets with Market Perform Rating

Needham analyst Quinn Bolton maintains Penguin Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) with a Buy and raises the price target from $25 to $27.

Needham Maintains Buy on Penguin Solutions, Raises Price Target to $27

SPACE

Redwire Announced Its Flight-proven Camera Technology Will Launch Onboard Firefly's Blue Ghost Lunar Lander For Their First Mission To The Moon. Redwire Delivered 12 Flight Cameras, A Vision Navigation Processor, And Two Flight Floodlights For The Blue Ghost Lander

Needham analyst Ami Fadia maintains Avadel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDL#NASDAQ">AVDL</a>) with a Buy and lowers the price target from $22 to $19.

Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

AVDL

Needham Maintains Buy on Avadel Pharmaceuticals, Lowers Price Target to $19

As wildfires continue to wreak havoc in Los Angeles, investor confidence in the financial stability of Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) is waning. The concern stems from the possibility that the company&#8217;s equipment may have sparked the fires.
What Happened: Southern California electric utility&#8217;s stock price plummeted by 10% on Wednesday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>, in the wake of the wildfires. The exact cause of the fires is yet to be determined, with investigations likely to span weeks or even months, The Wall Street Journal <a href="https://www.wsj.com/finance/wildfires-are-making-investors-nervous-about-los-angeles-area-utility-again-0f448a84">reported</a> on Thursday.
California&#8217;s &#8220;inverse condemnation&#8221; law holds utilities strictly liable&nbsp;for property damage caused by&nbsp;their power lines and equipment, irrespective of fault. This law has previously driven major utilities, such as PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>), into bankruptcy following a single wildfire.
Pedro Pizarro, CEO of Edison, has in the past conceded the company&#8217;s susceptibility to wildfires. In a&nbsp;2019 interview with the Los&nbsp;Angeles Times, Pizarro stated that the company&#8217;s solvency was partly due to luck and risk mitigation efforts. He also cautioned that Edison could face bankruptcy in the aftermath of a major fire.
Despite legislative efforts to reduce utilities&#8217; liability risk, including laws allowing utilities to recoup wildfire costs from customers and the establishment of an insurance fund, the financial risk posed by wildfires remains substantial. The insurance fund&#8217;s total assets of $11.4 billion are overshadowed by the potential costs of a major wildfire, as evidenced by the $16.5 billion in damage caused by the 2018 Camp Fire.
Edison&#8217;s financial stability remains precarious, with negative free cash flow and the looming risk of its $18.1 billion equity being wiped out by a single catastrophic event. 
Meanwhile, the company&#8217;s market capitalization is valued at $27 billion.
Edison International has yet to respond to <a href="https://pro.benzinga.com">Benzinga</a>&#8216;s queries.
Why It Matters: The recent wildfires have already caused significant damage in the Los Angeles area. A&nbsp;destructive wildfire&nbsp;swept through the <a href="https://www.benzinga.com/25/01/42878466/wildfire-rips-through-las-pacific-palisades-neighborhood-3000-acres-burned-30000-evacuated-homes-destroyed">Pacific Palisades neighborhood</a>, burning over 3,000 acres and forcing 30,000 residents to evacuate. The National Weather Service had issued warnings for extreme fire conditions, including wind gusts up to 80 mph, which exacerbated the situation.
The ongoing fires have also sparked ethical debates, as <a href="https://www.benzinga.com/news/25/01/42891954/los-angeles-wildfires-will-be-tamed-by-this-day-predict-polymarket-users-observers-raise-ethical-question">multiple betting contracts</a> emerged on the&nbsp;Polymarket platform, allowing users to wager on the outcome of the disaster. This has raised questions about the morality of profiting from such tragic events.
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<li><a href="https://www.benzinga.com/25/01/42890191/trump-themed-nfts-launch-on-bitcoin-network-for-first-timeheres-what-you-should-know" target="_blank" rel="noreferrer noopener">Trump-Themed NFTs Debut On Bitcoin Network — One Card Gets Listed At $1.9 Million</a></li>
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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.
Image via Shutterstock

Los Angeles Wildfires Stoke Investor Fears: Edison International's Stock Ended 10% Lower On Wednesday Amid Concerns Over Possible Equipment Links To Forest Fires

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Alterity Therapeutics Limited - American Depositary Shares

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Alterity Therapeutics In Its Letter To Shareholders Said The Company Expects Topline Data Readout In 2025 From Two Phase 2 Trials In Multiple System Atrophy

Chile has rejected the proposed $2.5 billion Dominga iron and copper mining project. Andes Iron, a domestic <a target="_blank" href="https://www.benzinga.com/topic/mining" rel="noreferrer noopener">exploration and mining company</a>, aimed to establish two open-pit mines and a seaport near the Humboldt Penguin National Reserve.
However, the regulators rejected the project again, citing environmental concerns for an area home to a unique mix of species, including Humboldt penguins, dolphins, and endangered parrots.
The mines were expected to extract 12 million tons of iron and 150,000 tons of copper annually for 22 years, generating 1,400 jobs in a country that is the world's top copper producer.
In 2017, socialist President Michelle Bachelet's administration first rejected the project, leading to the resignation of two top ministers. In 2019, the Chilean Supreme Court ordered a reevaluation, and under the current government of President Gabriel Boric, the project was rejected again in January 2023.
This latest decision by Chile's Committee of Ministers follows an environmental court's mandate to revisit that ruling.
The project's potential impact on biodiversity influenced their decision. The committee noted a lack of a credible mitigation plan, particularly for the burrowing parrot, whose habitat and food sources were inadequately assessed.
"It was not possible to determine or evaluate the real impact on these species," the committee stated.
As <a target="_blank" href="https://www.reuters.com/markets/commodities/chile-rejects-environmental-permit-dominga-copper-iron-mine-2025-01-08/" rel="noreferrer noopener">per</a> the Reuters report, Andes Iron criticized the ruling, accusing the government of bias since the nearby Cruz Grande port received environmental approval.
"The action of the Committee of Ministers sets an unfortunate precedent never seen before in the history of Chile in terms of environmental permits," the company said in a <a target="_blank" href="https://www.dominga.cl/andes-iron-llama-al-comite-de-ministros-a-respetar-fallo-de-justicia-ambiental/" rel="noreferrer noopener">statement</a>.
Despite continuously rejecting this prospective project, Chile remains committed to growing its copper output. State-owned miner Codelco recently showed <a target="_blank" href="https://www.benzinga.com/news/guidance/25/01/42840568/chiles-codelco-targets-turnaround-with-modest-copper-output-increase-and-strategic-lithium-ventures" rel="noreferrer noopener">signs of a production turnaround</a> and is raising $1.5 billion in bonds to fund its capital expenditure plans.
After spending between $4 and $5 billion last year, these expenditures could reach nearly $6 billion in 2025, aiming to push the copper output toward the goal of 1.7 million tons per year by the decade's end. The financing deal, sourced by Bank of America, Citigroup, JPMorgan Chase &amp; Co., and Banco Santander, is expected to close by January 13.
Read Next:
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<li><a href="https://www.benzinga.com/news/global/25/01/42884764/how-trump-could-impact-chinas-role-in-emerging-greenland-mining-frontier" target="_blank" rel="noreferrer noopener">How Trump Could Impact China's Role In Emerging Greenland Mining Frontier</a></li>
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Needham analyst Matt Dezort maintains CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Buy and raises the price target from $360 to $410.

CYBR

Needham Maintains Buy on CyberArk Software, Raises Price Target to $410

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) spot ETFs faced substantial net outflows of $742 million on Jan.8.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42840886/bitcoin-spot-etf-inflows-hit-987-million-but-watch-this-mid-january-fiscal-deadline">Bitcoin ETFs</a> led the decline, recording $583 million in outflows, with Blackrock&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), Fidelity&#8216;s (CBOE: FBTC), and Ark &amp; 21Shares (CBOE: ARKB) contributing $124 million, $258 million and $148 million, respectively, according to <a href="https://sosovalue.com/assets/etf/us-btc-spot?from=moved">data</a> from SoSo Value.
<a href="https://www.benzinga.com/money/what-is-ethereum-etf">Ethereum spot ETFs</a> saw $159 million in withdrawals, $147 million of which stemmed from Fidelity&#8216;s (CBOE: FETH), data shows.
This comes as <a href="https://blog.cex.io/ecosystem/bitcoin-supply-shock-34857">research</a> from the cryptocurrency exchange CEX.IO suggests a Bitcoin supply shock is unlikely in 2025, despite market fluctuations and ETF movements.
CEX.IO's analysis, released today, indicates that 70% of Bitcoin&#8217;s circulating supply is in free float, providing ample liquidity to mitigate the risk of a supply shock. 
Their research further highlights a 1.75 million Bitcoin decrease in long-term holder (LTH) supply in 2024, signaling potential for significant selling pressure within this group in the upcoming year. 
While U.S. spot ETFs absorbed 2.4 times the annual mined supply of Bitcoin in 2024, they account for less than 4% of overall trading volume. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42885028/gary-gensler-says-10000-15000-projects-wont-survive-crypto-market-is-wrapped-up-in-sentiment">Gary Gensler Says 10,000-15,000 Projects Won&#8217;t Survive, Crypto Market Is &#8216;Wrapped Up In Sentiment&#8217;</a>
This suggests that while influential, ETF trading volume is not the dominant force in the market.
The report revealed a redistribution of Bitcoin supply with exchange reserves dropping 21% while over-the-counter (OTC) balances increased by 105%, and about 40% of Bitcoin's transaction volume in 2024 was exchange related. 
CEX.IO also quadrupled its market share in 2024, becoming a top 2 exchange for Bitcoin market depth, with a 61% increase in USD denominated 2% market depth. 
The exchange's report argues that with a substantial amount of Bitcoin held by long-term holders ready to take profits, the market will likely see continued adherence to the traditional 4-year market cycle. 
This analysis states that despite the recent outflows in spot ETFs, these market trends mitigate the risk of a severe supply shock in 2025.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42882375/92000-is-bitcoins-key-support-heres-what-top-analyst-says-will-happen-if-it-fails">$92,000 Is Bitcoin&#8217;s Key Support — Here&#8217;s What Top Analyst Says Will Happen If It Fails</a></li>
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Image: Shutterstock

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KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) has announced the extension of the tender offer period for its acquisition of FUJI SOFT INCORPORATED, extending the<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42892784/kkr-further-extends-second-tender-offer-for-fuji-soft" rel="noreferrer noopener"> deadline from January 9 to January 24.</a>
This decision was made following market conditions, where FUJI SOFT&#8217;s share price has remained above the tender offer price of 9,451 yen.
The extension will allow FUJI SOFT shareholders to make more informed decisions amid ongoing developments, including Bain Capital&#8217;s attempts to acquire the company and recent public statements from both FUJI SOFT and Bain Capital.
Bain Capital, which had previously waived the board&#8217;s support for its offer, is now pursuing a hostile partial takeover to seize control of FUJI SOFT.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/01/42888800/goldman-sachs-flags-market-correction-risk-as-inflation-trump-policies-stir-uncertainty" rel="noreferrer noopener">Goldman Sachs Flags Market Correction Risk As Inflation, Trump Policies Stir Uncertainty</a>
Bain Capital made it a condition precedent of their tender offer that the Second Tender Offer by the Offeror be unsuccessful or withdrawn, and Bain Capital has expressed its intention to begin its tender offer from late January 2025 or after.
However, KKR, through its vehicle FK Co., remains committed to privatizing the company, despite Bain Capital&#8217;s moves. KKR has no intention of withdrawing its offer and is prepared to continue with the tender offer even if it is unsuccessful initially.
As the largest shareholder, KKR is confident that Bain Capital&#8217;s offer will not gain traction.
In a notable turn, FUJI SOFT&#8217;s founding family contacted KKR on December 27, 2024, to propose a potential collaboration involving KKR, Bain Capital, and the founding family in a privatization effort.
Despite the uncertainty surrounding Bain Capital&#8217;s intentions, KKR said it remains committed to FUJI SOFT&#8217;s privatization, which aims to enhance corporate value and growth.
Read Next:
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KKR Extends Tender Offer For FUJI SOFT Amid Bain Capital's Hostile Partial Bid

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Okeanis Eco Tankers Remains A Top Pick Post Earnings, Maintain Buy

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Frontline: One Of The Most Aggressive Capital Structure In The Tanker Industry

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