ROTH Capital initiated coverage on Benson Hill with a new price target
$BHIL
Packaged Foods
Consumer Staples
ROTH Capital initiated coverage of Benson Hill with a rating of Buy and set a new price target of $9.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/10/2023 | Outperform → Perform | Oppenheimer | |
| 10/4/2022 | $7.00 | Buy | Lake Street |
| 3/25/2022 | $9.00 | Buy | ROTH Capital |
| 12/9/2021 | $9.00 | Outperform | Oppenheimer |
| 11/23/2021 | $9.00 | Neutral | Goldman Sachs |
| 10/25/2021 | $10.00 | Overweight | Barclays |
Second quarter revenues of approximately $33.8 million, an increase compared to $23.5 million in the same period of 2023, reflect the Company's ongoing transition to an asset-light business model. Net loss from continuing operations, net of income taxes, was $18 million in the quarter, an improvement of $18.5 million in reported loss from the same period of the prior year. Adjusted EBITDA was a loss of $12.4 million, compared to a loss of $15.2 million in the same period of 2023, due primarily to expense reductions. Free cash flow loss in the first half of 2024 was $31.8 million, which was approximately 50 percent of the free cash flow loss in the first half of 2023. The Company e
Reported revenues for the quarter were approximately $21.1 million, excluding results of the divested processing assets, as the business transitions to an asset-light licensing model. Business transition execution led to improved gross profit and reduced operating expenses, with the Company delivering gross profit of $5.2 million and operating expenses of $21.8 million, compared to gross profit of $4.6 million and operating expenses of $25.9 million in the prior year. Cash used in operating activities from continuing operations was $10.2 million, a $24.3 million reduction from $34.5 million used in the prior year. The Company ended the first quarter with $30.5 million of cash and mar
Former CEO of Growers Edge begins in role May 10 Benson Hill, Inc. (NYSE:BHIL), an ag tech company unlocking the natural genetic diversity of plants, has named agriculture industry leader Dan Cosgrove as Chief Administrative Officer and General Counsel, effective May 10, 2024. He will assume responsibility for Benson Hill's day-to-day operations related to business development, compliance, and legal matters. Chief Legal Officer Yevgeny Fundler is leaving Benson Hill to pursue other opportunities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509748763/en/Benson Hill Names Dan Cosgrove as Chief Administrative Officer and Ge
4 - Benson Hill, Inc. (0001830210) (Issuer)
4 - Benson Hill, Inc. (0001830210) (Issuer)
3/A - Benson Hill, Inc. (0001830210) (Issuer)
Operations will continue as normal for the Company during the transitional period. Employee wages and benefits will be paid following DIP financing approval. Court authorizes vendor payments and critical operational support. Benson Hill, Inc. (NASDAQ:BHIL, "Benson Hill")), a seed innovation company, today announced that the U.S. Bankruptcy Court for the District of Delaware has approved the Company's initial "first-day" motions following its voluntary filing for relief under Chapter 11 of the U.S. Bankruptcy Code on March 20, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250325440772/en/BHIL, "Benson Hill")), a seed
Debtor-in-Possession Financing Secured to Support Ongoing Operations and Chapter 11 Process. Company Filed a Variety of First-Day Motions, Subject to Court Approval. Benson Hill, Inc. (NASDAQ:BHIL, "Benson Hill")), a seed innovation company, today announced that it and its subsidiaries (collectively, the "Company") filed voluntary petitions for relief under Chapter 11 of Title 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware (the "Court"). The Company further disclosed that it intends to pursue a sale of its business under Section 363 of the Bankruptcy Code, including a sale of all or a portion of the Company's assets, whi
Latest collaboration represents the third major poultry feeding trial using the Company's Ultra-High Protein, Low-Oligosaccharide (UHP-LO) soybean meal in poultry diets. Proprietary soy quality traits translate into higher nutritional efficiency and lower feed costs for poultry producers and integrators. Benson Hill, Inc. (NASDAQ:BHIL, the "Company" or "Benson Hill")), a seed innovation company, today announced positive results from a controlled broiler feeding trial conducted with Tyson Foods. Study findings, consistent with those released in May 2024, demonstrate how Benson Hill's Ultra-High Protein, Low Oligosaccharide (UHP-LO) soybean meal offers a high-performance, cost-effectiv
Oppenheimer downgraded Benson Hill from Outperform to Perform
Lake Street initiated coverage of Benson Hill with a rating of Buy and set a new price target of $7.00
ROTH Capital initiated coverage of Benson Hill with a rating of Buy and set a new price target of $9.00
8-K - Benson Hill, Inc. (0001830210) (Filer)
NT 10-K - Benson Hill, Inc. (0001830210) (Filer)
SCHEDULE 13G - Benson Hill, Inc. (0001830210) (Subject)