Get started

Electriccars

SOCMA and $GTEC Sign Co-Operation AgreementSOCMA and Greenland Technologies Sign Co-Operation Agreement to Support U.S. Production of Electric Industrial Vehicles $GTEC yesterday announced a co-operation agreement to utilize SOCMA's existing supply-chain and certain technologies. The agreement also represents a commitment by Greenland to invest in the U.S. as a key center of innovation in the global electric vehicle market. Under the agreement, both parties intend to establish a strategic partnership to fully cooperate on technology sharing and supply chain management for the production of electric industrial vehicles in the U.S. finance.yahoo.com
NASDAQ:GTEC
by AlenCiken
1
Chinese drone company EHang rebounds after short reportChinese drone company EHang rebounds after short report Yesterday, the stock had plunged more than 60% after a short sell report from Wolfpack, claiming that EHang was largely fabri-- had largely fabricated revenues based on sham sales contracts. Now EHang today put out a statement saying that the report contains numerous errors, unsubstantial statements, and misinterpretation of information. So the stock has been rebounding a bit from yesterday. finance.yahoo.com
NASDAQ:EH
by AlenCiken
$LODE soars after taking stake in lithium-ion battery recyclerComstock Secures Majority Interest in Lithium-Ion Battery Recycling Company; Facility Plans 10,000 Tons Per Year of 99.9% Pure Lithium-ion Cathodes for Clean Energy Transition. Comstock today announced transactions securing the rights to a majority equity stake in LINICO Corporation (“LiNiCo”), a lithium-ion battery (“LIB”) recycling company who recently acquired a state-of-the-art battery metal recycling facility from Aqua Metals, Inc. (“Aqua Metals”) located in the Tahoe Reno Industrial (“TRI”) Center in Storey County, Nevada. The Company will pay $4,500,000 in cash and 3,000,000 shares of its restricted common stock, representing up to $10,750,000 in consideration for up to a 64% ownership stake in LiNiCo. Aqua Metals is investing $2,000,000 for a 10% stake in LiNiCo. LiNiCo will use the proceeds to increase its direct strategic investment in Green Li-ion Pte, Ltd. (“Green Li-ion”), purchase Green Li-ion’s patented process equipment, with exclusive rights for the U.S. market, enabling the production of 99.9% pure lithium-ion cathodes. Extraordinary Growth Lithium-ion battery production capacity has increased tenfold in the past decade. finance.yahoo.com
AMEX:LODE
by AlenCiken
2
Volta Industries to go public via $SNPR spac companyVolta Industries, Inc. and Tortoise Acquisition Corp. II Announce Planned Merger Combined Company to Remain on the NYSE Volta is a leading owner - operator of public electric vehicle charging infrastructure that is prominently located in places where drivers live, work, shop and play. Pro Forma enterprise value of the transaction is estimated to be $1.4 billion. Anticipated net proceeds of approximately $600 million (assuming minimal redemptions) will be used to accelerate Volta's buildout of its charging network already in the pipeline. This includes an upsized $300 million fully committed private placement of common stock in the combined company (the "PIPE"). The PIPE is anchored by institutional investors including funds and accounts managed by BlackRock, Fidelity Management & Research Company, LLC and Neuberger Berman Funds. - Volta's significant contract portfolio of real estate and retail partners (including Ahold Delhaize, Brookfield, Regency and others), as well as the company's iconic installations at the United Center and Dignity Health Arena as examples, highlight Volta's market leading position in convenience, high-accessibility public charging. - Existing Volta securityholders will roll 100% of their equity in the transaction and are expected to own approximately 64% of the company upon transaction close. - Pro forma implied equity value of the combined company of over $2 billion, at the $10.00 per share PIPE price and assuming minimal redemptions by Tortoise Acquisition Corp. II public shareholders. The transaction is expected to close late in the second quarter of 2021 finance.yahoo.com
S
by AlenCiken
4
Morgan Stanley $QS Buy and $70 price targetFor Morgan Stanley’s Jonas, involvement in QS stock comes with high risk, but also high potential reward. In fact, the analyst calls it, "The Biotech of Battery Development." "We believe their solid state technology addresses a very big impediment in battery science (energy density) that, if successful, can create extremely high value to a wide range of customers in the auto industry and beyond. The risks of moving from a single layer cell to a production car are high, but we think these are balanced by the commercial potential and the role of Volkswagen to help underwrite the early manufacturing ramp," Jonas explained. Noting that QS is a stock for the long haul, Jonas rates the shares an Overweight (i.e. Buy), and his $70 price target indicates confidence in an upside of 28% for one-year time horizon.
NYSE:QS
by AlenCiken
Morgan Stanley $FSR Buy and $27 price targetFisker, is based in Southern California, the epicenter of so much of our ground-breaking tech industries. Fisker’s focus is on solid-state battery tech, a growing alternative to the lithium-ion batteries that most EVs depend on. While more expensive that the older lithium-based systems, solid state batteries are safer and offer higher energy densities. For EVs, solid-state batteries offer faster charging times, longer range per charge, and potentially lower battery weight – all important factors in vehicle performance. Morgan Stanley’s Jonas is impressed by this company, describing the ‘value proposition of Fisker’ as “…design, time to market, clean sheet user experience and management expertise,” and saying that the 4Q22 launch schedule for the Ocean is likely to be met. “Fisker is specifically targeting the personal owned/passenger car business as opposed to commercial oriented end markets, where emotive design and user experience matter more. Additionally, the company wants to create an all-digital experience from the website to the app to the HMI in the car and continued customer engagement through its flexible lease product,” Jonas added. In line with his upbeat outlook on the company (and the car), Jonas rates Fisker an Overweight (i.e. Buy), and sets a $27 price target suggesting an upside of 42% for the coming year. finance.yahoo.com
F
by AlenCiken
2
Short term cycle is up and we could see $1080 per share.Smaller term cycle is up until March 15th and for now the medium and long term cycles support the move. The super cycle is up for many years ahead, however medium to long term cycles are likely to top on March 15th and will be down until July 2021 (medium term) and August 2022 (longer term). Since there is conjunction of important cycles topping I expect one last push to the upside before the bear market begins. The $1080 target is calculated by adding 1400% to the March low, which was at $72 per share. Why 1400%? 7 is an important figure in predicting American stock prices: There are cycles that count 7 units (days, weeks, months, years, decades, centuries), moves will often find nominal support/resistance right around the multiples of 7 (14, 70, 700, 1400 etc.) and moves will often run a percentage that will be a multiple of 7 (1400% as in our case). I hope this makes sense and if doesn't feel free to ask me in the comments. I personally will wait until cycles top and take a positional trade shorting this, because all cycles (except the super cycle) will be on my side, but if you are willing to take more risk you could take a small long and if tesla closes below 780 daily - I would get out, because cycles are turning down and risk is increasing.
NASDAQ:TSLALong
by CSInvestment
Why $AYRO Ayro, Inc. Surged yesterday?Why $AYRO Anchiano Therapeutics Surged yesterday? Thanks to some news in January, $AYRO stock is racing higher. So what was that news? And what else do you need to know? $AYRO is captivating investors thanks to its $20 Million Registered Direct Offering with Two Existing Investors news on January 25. Announced that it has entered into definitive agreements with two existing institutional investors for the purchase and sale of 3,333,334 shares of the Company’s common stock, at a purchase price of $6.00 per share, in a registered direct offering. AYRO has also agreed to issue to the investors unregistered warrants to acquire 3,333,334 shares of common stock at $6.93 per share, exercisable six months after the closing and terminating two and a half years after the date of issuance. finance.yahoo.com
NASDAQ:AYRO
by AlenCiken
3
Electric Vehicle Frenzy. Is XL the Next Breakout?!?XL is an EV play that I have been watching for the past couple of weeks. Recent news: 6 days ago they released news on a partnership to develop all-electric and plug-in hybrid refuse trucks with Curbtender. They also were initiated with Buy rating and $30 PT at Canaccord and BTIG. This news gave XL some momentum and we gapped up 8% and tried to break out of the Daily channel. XL sold off hard and gap filled but found a bottom at $20.12 area and has started to bounce. Today we retested the Daily trend line but failed to close above. EV stocks are hot right now (check out NIO and BLNK). XL looked to have the same momentum this morning but failed to hold the gains. Volume: on the 4h chart we can see a stepwise increase in volume as we found support around $20 lvl. Today’s volume may have just been a sympathy play based on the overall EV market but keep an eye on how XL behaves the rest of this week. I am going to be watching to see if we can breakout of this Daily channel. This would set up a retest of $25. The main thing missing from XL is volume. Ideally we want to see >12M in volume. SMA’s: We have the Daily 20 SMA serving as support at the $20.18 lvl and on the 4h chart we are sitting right above the 50 & 20 SMA’s which should help hold the $20 lvl. Plan: I am currently swinging shares at $20.41 avg which I will hold with a stop loss under $18.30. If XL fails to gain momentum and breakout I will be looking for another leg down to the $18.70 area where we had the triple-bottom. If these lvls can hold I will add more shares. If volume and momentum continue into tomorrow and we can break out of the wedge pattern then I will be adding 2/19 22.5 and 3/19 22.5 calls for swings. **I will be keeping an eye on NIO NYSE:NIO /BLNK NASDAQ:BLNK to monitor EV momentum. I am currently in NIO calls as of this morning with the massive breakout. Hopefully, this can continue into tomorrow for XL. About XL: XL Fleet Corp., formerly Pivotal Investment Corporation II is a provider of vehicle electrification solutions for commercial and municipal fleets. The Company offers electric drive systems that enhances fuel economy up to 25-50% and reduce carbon dioxide emissions up to 20-33%, while enhancing fleet operations. The Company offers XLP plug-in hybrid electric and XLH hybrid electric upfit solutions. Its hybrid solutions can be installed onto many of the gasoline and diesel fleet vehicles, including pickup trucks, cargo and passenger vans, commercial vans and shuttles, box trucks and delivery vans. The Company offers its solutions for Ford, Chevrolet, GMC and Isuzu customers.
XLong
by DOpeTrades
3