Miami Marlins release city-edition jerseys that honor Cuba’s Havana Sugar Kings

Stock Alert: Hims & Hers Health Shares Up 7%

Shares of Hims & Hers Health Inc. (HIMS) are rising over 7% Monday morning, after the company raised its fiscal 2021 revenue guidance, while reporting upbeat Q1 revenue. The stock, which has been trading in the range of $8.09 – $25.40 for the past one year, is currently trading at $9.48, up 64 cents or 7.24%, with trading volume of over 276K versus an average volume of 1.86 million shares.

The company now expects fiscal 2021 revenue to be in the range of $221 million – $227 million, and Q2 in the range of $55 million – $57 million. Three Wall Street analysts have a consensus revenue estimate of $202.02 million for the year 2021, and $50.23 million for the second quarter.

Previously, the company expected 2021 revenue in the range of $195 million – $205 million.

Q1 Results

The company reported Q1 net loss of $51.4 million or $0.34 per share compared to a loss of $6.03 million or $0.17 per share last year. The year-over-year increase in net loss was primarily driven by one-time stock-based compensation and transaction bonus expenses related to the merger with Oaktree Acquisition Corp.

Revenue for the quarter $52.3 million, an increase of 74%, compared to the previous year’s $30.1 million.

Analysts polled by Thomson Reuters expected a loss of $0.10 per share and revenue of $48.81 million for the quarter. Analysts’ estimate typically exclude certain special items.

Stock Alert: Nuvve Holding Up 11% On $750 Mln JV With Stonepeak Partners

Shares of Nuvve Holding Corp. (NVVE) are currently gaining over 11% after the company announced that along with Stonepeak Partners LP it will pursue a $750 million joint Venture, called Levo Mobility LLC.

NVVE is currently trading at $9.20, up $0.95 or 11.51%, on the Nasdaq.

Levo will use Nuvve’s V2G technology and Stonepeak’s capital to help accelerate the deployment of electric fleets, including thousands of zero-emission electric school buses for school districts nationwide through “V2G hubs” and Transportation as a Service.

Stonepeak, along with its portfolio company Evolve Transition Infrastructure LP, plans to deploy up to an aggregate $750 million capital commitment to Levo. Levo expects to initially focus on electrifying school buses and associated charging infrastructure plus V2G services.

Nuvve Holdings’ first-quarter loss widened to $5.4 million or $0.52 per share from $497 thousand or $0.06 per share last year. For the first quarter, the company reported revenues was $799 thousand, down from $945 thousand last year.

Stock Alert: Nuvve Holding Up 11% On $750 Mln JV With Stonepeak Partners

Shares of Nuvve Holding Corp. (NVVE) are currently gaining over 11% after the company announced that along with Stonepeak Partners LP it will pursue a $750 million joint Venture, called Levo Mobility LLC.

NVVE is currently trading at $9.20, up $0.95 or 11.51%, on the Nasdaq.

Levo will use Nuvve’s V2G technology and Stonepeak’s capital to help accelerate the deployment of electric fleets, including thousands of zero-emission electric school buses for school districts nationwide through “V2G hubs” and Transportation as a Service.

Stonepeak, along with its portfolio company Evolve Transition Infrastructure LP, plans to deploy up to an aggregate $750 million capital commitment to Levo. Levo expects to initially focus on electrifying school buses and associated charging infrastructure plus V2G services.

Nuvve Holdings’ first-quarter loss widened to $5.4 million or $0.52 per share from $497 thousand or $0.06 per share last year. For the first quarter, the company reported revenues was $799 thousand, down from $945 thousand last year.

Stock Alert: Liminal BioSciences Gains 3%

Shares of Liminal BioSciences Inc. (LMNL) are gaining over 5% on Monday morning after the clinical-stage biopharmaceutical company said it has agreed with Kedrion S.p.A. to sell its plasma collection centers operated in Winnipeg, Manitoba and Amherst, New York, through its subsidiaries, Prometic Plasma Resources Inc., and Prometic Plasma Resources (USA) Inc.

LMNL is currently trading at $4.50, up $0.22 or 5.14%, on the Nasdaq.

Upon closing of the deal, Liminal would receive purchase price of $17 million.

Liminal BioSciences said the deal reflects its recent announcement to focus its resources on the advancement of the company’s small molecule therapeutics business.

New York will drop its mask mandate for vaccinated people on Wednesday

  • New York state is ending its wide-ranging mask mandate for vaccinated people beginning May 19.
  • New York Gov. Andrew Cuomo said masks will still be required on public transit, in schools, and in “some communal settings.”
  • The CDC last week said vaccinated people no longer needed to wear masks in most indoor or outdoor settings. 
  • See more stories on Insider’s business page.

New York state announced that it will end its wide-ranging mask mandate for vaccinated people beginning Wednesday. 

“Unvaccinated people should continue to wear a mask,” New York Gov. Andrew Cuomo said in a tweet announcing the change on Monday.

Masks will still be required on public transit, in schools, and in “some communal settings,” Cuomo said. Private businesses are still allowed to require masks if they decide to do so, he said.

The Centers for Disease Control and Prevention last week said vaccinated people no longer needed to wear masks in most indoor or outdoor settings. 

The agency released a chart to show who is still required to wear a mask and in what settings. See Insider’s interactive version of the latest guidance here. 

Miami Marlins release city-edition jerseys that honor Cuba’s Havana Sugar Kings

The impact of Cuban culture in Miami and southern Florida is undeniable. 

So it only makes sense the Miami Marlins' city edition jerseys honor a historic Cuban baseball team — the Havana Sugar Kings. 

The red jersey with white stripes might say Miami, but they are inspired by what the Sugar Kings wore while playing in Havana from 1946-1960. (They were known as the Havana Cubans from 1946-53).