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Benson Hill, Inc. - $BHIL STOCK NEWS

Welcome to our dedicated page for Benson Hill news (Ticker: $BHIL), a resource for investors and traders seeking the latest updates and insights on Benson Hill stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Benson Hill's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Benson Hill's position in the market.

Rhea-AI Summary
Benson Hill, a food tech company, has transferred ownership of its soybean crush facility in Seymour, Indiana to White River Soy Processing for $36 million. The proceeds will be used to improve liquidity, pay down debt, and reduce costs. The facility has been owned by Benson Hill since 2021. Approximately 30 team members will become employees of White River, and contracts with farmer partners will be honored.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
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none
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Rhea-AI Summary
Benson Hill, a food tech company, plans to improve its financial position and transition to an asset-light business model. They will focus on expanding into animal feed markets while continuing their work in human food ingredients. The company aims to retire high-cost debt, extend liquidity, and collaborate with industry partners. Deanie Elsner has been appointed as the permanent CEO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
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none
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Rhea-AI Summary
Benson Hill to provide strategic review update and release Q3 earnings
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Rhea-AI Sentiment
End-of-Day
12.29%
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Rhea-AI Summary
Benson Hill received a notice from NYSE for non-compliance with minimum share price requirement. Company has six months to regain compliance and intends to consider alternatives. The stock will continue to be listed and traded on NYSE.
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Rhea-AI Sentiment
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-- %
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
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management
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Rhea-AI Summary
Benson Hill, Inc. (BHIL) reported a 16% increase in revenues to $109 million, with a 53% increase in proprietary revenues. Gross profit was $3 million. Company ended Q2 with $118 million in cash, restricted cash, and marketable securities. Management expects $10 million in annualized operating cost reductions in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.63%
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Rhea-AI Summary
Rhea-AI Impact
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End-of-Day
2.99%
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Rhea-AI Sentiment
End-of-Day
14.15%
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partnership earnings
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Rhea-AI Summary
Benson Hill appoints Richard Mack as an Independent Director to its Board of Directors. Mack brings nearly 30 years of leadership experience in the agribusiness industry. He previously served as EVP and CFO of The Mosaic Company. Mack's appointment brings the total number of directors on the Board to nine, with seven being independent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.45%
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management
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.45%
Tags
management
Benson Hill, Inc.

NYSE:BHIL

BHIL Rankings

BHIL Stock Data

41.74M
100.15M
33%
36.69%
4.49%
Soybean Farming
Agriculture, Forestry, Fishing and Hunting
Link
United States of America
ST. LOUIS

About BHIL

benson hill is a crop improvement company that unlocks the natural genetic diversity of plants to help modernize our food system. we empower innovators with a revolutionary crop design platform to develop healthier and more sustainable crops. our cropos™ platform combines machine learning and big data with genome editing and plant biology to drastically accelerate and simplify the product development process. more information can be found online at www.bensonhillbio.com.