Spruce Power Holdings Corp (SPRU)

[WeTheMarket]

Pre merger DD video on XL Fleet:

[AlanDeMan]

https://investorplace.com/2021/03/thcb-stock-is-worth-between-20-92-and-30-15-based-on-comps-and-forecasts/

[WeTheMarket]

XL Fleet will release its fourth quarter and full year 2020 financial results before market open on Tuesday, March 30, 2021. This release will be followed by a conference call hosted by members of the XL Fleet management team at 8:30 a.m. Eastern Time on Tuesday, March 30, 2021.
Link: https://investors.xlfleet.com/news/news-details/2021/XL-Fleet-Corp.-Announces-Timing-of-Fourth-Quarter-and-Full-Year-2020-Earnings-Release-and-Conference-Call/default.aspx

[WeTheMarket]

XL Fleet Opens a Fleet Electrification Technology Center in Michigan
Nearly 25,000 square-foot facility in Metro Detroit provides access to leading automotive & commercial vehicle engineering talent

Company expects to increase its engineering headcount by 50% in 2021 as it continues rapid expansion

Michigan technology center is XL Fleet’s fourth location, expanding strategic nationwide coverage for customers, partners and employees

March 17, 2021 07:00 AM Eastern Daylight Time
BOSTON--(BUSINESS WIRE)--XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions, has opened its newest location in Wixom, MI, as the Company continues its rapid expansion to meet customer demand for a range of electrification solutions. The 24,655 square-foot facility is located in the heart of the United States’ top-ranked region for automotive engineering talent and will serve as a fleet electrification technology center to support the design, development, testing and production of a wide range of commercial vehicle electrification solutions.

The state-of-the-art facility will supplement XL Fleet’s extensive product research and development programs, with technology capabilities for prototyping, controls development, and electrical and systems engineering. The facility will include a component test lab including vibration capability, a vehicle chassis dynamometer, an electronics lab and battery testing equipment.

The Company expects to significantly expand its electrified powertrain systems portfolio over the next several years, with solutions including hybrid, plug-in hybrid, battery electric and fuel cell electric systems, as well as electrification systems for a range of new medium- and heavy-duty commercial applications.

XL Fleet anticipates growing its engineering team by approximately 50% in 2021, many of which will be based in the new Wixom facility. The Company expects to add at least 50 new Michigan-based team members within the next three years, as the location will provide access to a wealth of automotive and commercial vehicle engineering talent within the region.

“XL Fleet’s expansion into Michigan marks a great milestone for the Company, and an important element of our strategy to continue adding breadth and depth to our best-in-class engineering organization to develop the next generation of electrification solutions needed to scale the business,” said Dimitri Kazarinoff, CEO of XL Fleet. “We are very excited to expand the Company’s footprint into this highly strategic location, where we will be well positioned to add capacity to the exceptional talent we already have in house,” he said.

Link: https://www.businesswire.com/news/home/20210317005260/en/XL-Fleet-Opens-a-Fleet-Electrification-Technology-Center-in-Michigan

[WeTheMarket]

XL Fleet is considered grossly undervalued at current price levels, per macroaxis at current link: https://www.macroaxis.com/valuation/XL/XL-Fleet-Corp

[WeTheMarket]

Link to Video: XL Walk-around Series: Plug-in Hybrid Upfits for Ford Pickups:

[RayCharles]

About time for the shorts to cover, great buying opportunity and a great price..

[Glider549]

That site is an insult to the late, great Muddy Waters.

[realfast95]

good sign. Market seems to have dismissed Muddy Waters as they have run out of bullets. Possible short squeeze now.

[realfast95]

MW

https://www.muddywatersresearch.com/research/xl/still-spac-trash/



On March 8, 2021, XL issued a multi-page response to our March 3rd report.1 The response did not deny key claims of company misrepresentations. On the next page is a summary table of the key claims that we made in our initial report, and whether in our view XL specifically denied them in its response. Following the table, we discuss certain of XL’s responses to the claims in more detail.

XL did not deny exaggerating its purported $220 million pipeline. XL also did not deny that many of its featured customers have failed to reorder, or that its customer reorder rate is only approximately 10%. XL partially denied and partially admitted the claims of disappointing gas savings. While it made a general statement that its customers “regularly achieve” expected mileage gains, it simultaneously admitted that customers’ real world experiences can materially differ from the purported gas savings. To support its gas savings proposition, it points investors to testimonials on its website. One of the testimonials is from an employee of a Fortune 500 company, but the testimonial gives no specific savings numbers. However, we spoke to that exact person, and he specified that the fleet fuel savings his company received was only approximately 10%. XL also did not deny that its City of Seattle case study significantly misrepresented the customer’s results.

XL’s strongest denials centered around the assumptions we used to calculate fleet ROIs. We disagree with its responses on the specific assumptions that drive the ROI calculation, but on most of those assumptions, reasonable people can disagree. However, low reorder rates certainly imply that the ROI for most customers is in line with our estimate.

We understand that following our report, XL’s counsel sent threatening emails to former employees warning them about speaking with investors. We see that as consistent with a company that is dishonest. Based on XL’s response with its numerous non-denials, we continue to believe that the company greatly exaggerates its pipeline, performance, and potential sales. In short, XL is more SPAC trash.
Download Report
pdf | 839 KB

Use of Muddy Waters Research reports is limited by the Terms of Use on its website, which are as follows. These Terms of Use govern current reports published by Muddy Waters Research and supersede any prior Terms of Use for older reports of Muddy Waters Research, which you may download from the Muddy Waters Research’s website.

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March 10, 2021
Filed in: XL Fleet Corp.

[realfast95]

Warning - tweet from Muddy Waters

I'll be on @SquawkCNBC tomorrow at 8:45 am, discussing (among other things) our response to the $XL statements about our report. Spoiler alert: XL actually denied very little.

— MuddyWatersResearch (@muddywatersre) March 9, 2021

[JustGern]

https://www.forconstructionpros.com/trucks/trucks-accessories/pickup-trucks-vans/article/21319053/xl-fleet-develops-plugin-hybrid-for-gm-hd-pickups

How is this not on the front page of every page?!!!!

[AlanDeMan]

Wow! All traders must read! Goes into effect March 19th!
https://www.reddit.com/r/wallstreetbets/comments/m0ibrb/huge_news_from_dtcc_it_basically_means_that_short/

Please pin this news...

[realfast95]

In fact, XL Fleet’s most recently reported quarterly earnings included record quarterly revenue of $6.3 million and gross margins of more than 12% in the third quarter of 2020. XL Fleet looks forward to presenting its earnings for Q4 and FY 2020 on March 30, 2021.


https://www.businesswire.com/news/home/20210308005401/en/

full response in link above
top of page bullet points


XL Fleet Refutes Grossly Inaccurate and Misinformed Report by Short-Seller

XL Fleet’s technology is validated by independent testing facilities adhering to EPA standards and backed by real customer experience

XL Fleet has revenue growth, positive gross margins, proprietary technology, repeat customers, and over 4,000 systems with more than 145 million miles on the road

XL Fleet has successfully sold the majority of its electrified powertrain systems without subsidies in an industry where most sales have relied on incentives

XL Fleet has highly experienced technical and program management teams that have successfully developed a broad range of electrified powertrain systems

XL Fleet will report fourth quarter and full-year 2020 financial results on March 30, 2021

[WeTheMarket]

XL Fleet CEO in recent interview with Jim Cramer on CNBC Mad Money on deploying 1000 units electric vehicle charging stations in New York City
Link to video:

[conix]

XL Fleet (NYSE:XL) manufactures hybrid and plug-in powertrains. The idea is that the company’s products can be retrofitted on traditional gas-powered vehicles to make them hybrid vehicles. And the company has its own fully electric powertrains.

Although the product sounds very unique, XL Fleet does have competition in this sector, most notably from Hyliion (NYSE:HYLN). However, XL Fleet does appear to have an important first move advantage as its design is already being used in select Ford (NYSE:F), General Motors (NYSE:GM) and Isuzu (OTCMKTS:ISUZY) fleet trucks.

XL stock has been falling from its December 2020 highs. But that’s not surprising for a company coming off its IPO, particularly since it just completed the merger on December 22. However, the stock has recently pushed past the $20 mark and may be moving higher after it received a bullish price upgrade to $30 from Gregory Lewis of the analyst firm BTIG.

About XL Fleet

XL Fleet Corp. develops and deploys hybrid electric solutions for the commercial and municipal vehicle market in North America. Its products include hybrid electric drive systems (powertrains), and data-analytic systems that measure key automotive performance indicators, such as miles per gallon performance and carbon dioxide emissions in hybrid-electric fleet vehicles for new and in-use vehicles. READ MORE

Current Price: $11.17
Consensus Rating: Buy
Ratings Breakdown: 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $30.00 (168.6% Upside)

[alchemytrader]

i quit shorting. thanks

[TheFinalCD]

could have been a nice short for you

[alchemytrader]

nah

[alchemytrader]

just hit 17.60


$XL

11.70 now. this didnt age well.

[JustGern]

Selling is part of the problem. You gave up.

[realfast95]

Yes I was
I'm not going to fight MW

[JustGern]

Ha......you were never in.

..... “The Company intends to respond in due course.”

[realfast95]

lame response, I'm out


XL Fleet Corp. (NYSE: XL) ("XL Fleet" or the "Company"), a leader in vehicle electrification solutions for commercial and municipal fleets, today addressed a March 3, 2021 report targeting XL Fleet written by a short-seller who has a disclosed economic incentive to negatively influence the Company’s stock price.

The report contains numerous factual inaccuracies, misleading statements, and flawed conclusions. The Company intends to respond in due course.

[ClayTrader]

* * $XL Video Chart 03-03-2021 * *

Link to Video - click here to watch the technical chart video

[maynerd]

Looks like Muddy Waters Research is putting out a hit piece on XL...

[maynerd]

Right?? WTF... This is lame selling. I sold some options, so I am making some $$$, but this is ridiculous....

[Captbass]

I must’ve missed the part in the interview when they said to have some vasoline ready

[Captbass]

Someone
Looks more like everyone

[maynerd]

$XL Looks like warrant holders are selling their shares. This is way oversold now and should move back up now.

[maynerd]

What a fucking sell fest... bunch of BS

[JustGern]

What a way to fuck your shareholders!!!!

[maynerd]

$XL Fleet CEO on CNBC with Cramer

[maynerd]

$XL Looks like someone wanted out after converting those warrants...

[TheFinalCD]

just hit 17.60


$XL

[alchemytrader]

I got in 15.75....

I got out 15.77

Never bought the dip again to 15.41. Oof.

[TheFinalCD]

you in or commentating again?


broke $1M today


just fyi

[maynerd]

$XL heading back to 20's... $30 by Summer...

[alchemytrader]

16.81 now...

[maynerd]

$XL 50 dma moving over the 200 dma today...
More and more eyes are taking notice...

[maynerd]

$XL very nice! Thanks for the info...

[alchemytrader]

XL on mad money tonight

[maynerd]

$XL Last day for warrants! Time to move this puppy back up North...

[maynerd]

$XL Quite possible for XL to get some of that business. This is still the beginning of electrification. Lots of good stuff coming to XL...

[realfast95]

future partner?


Just 10 percent of the new Postal Service fleet will be electric
7 comments

Though the gas trucks are supposed to be convertible

https://www.theverge.com/2021/2/25/22300281/usps-new-mail-truck-ev-electric-workhorse-biden-dejoy

Only 10 percent of the United States Postal Service’s new fleet of mail trucks will be battery-powered despite President Biden’s desire to convert the entire government fleet, USPS head Louis DeJoy revealed in Congressional testimony on Wednesday. The other 90 percent will be gas-powered, though the trucks — which are being built by defense contractor Oshkosh — are supposedly designed to be converted into electric vehicles down the road.

When DeJoy was asked why it wasn’t the other way around, he said he was willing to talk to the Biden administration but that the USPS doesn’t “have the 3 or 4 extra billion [dollars] in our plan right now that it would take to do it.” The USPS mail vehicles make up about a third of the entire government fleet. The White House did not immediately respond to a request for comment.

The USPS announced the new-generation mail truck on Tuesday following a yearslong bidding process. It’s paying Oshkosh nearly $500 million to get the vehicles into production by 2023, and the defense contractor is promising to build anywhere between 50,000 and 165,000 of them over the next ten years. They will replace the current mail trucks that have been in service for more than two decades, which were built by defense contractor Grumman.

[maynerd]

Proud to partner w/UBSArena & NYIslanders

[maynerd]

$XL Fleet Becomes Electric Transportation Partner of UBS Arena and the New York Islanders, Plans to Deploy 1,000 EV Charging Stations
7:00 am, February 25, 2021

[maynerd]

Agreed... holding nicely from yesterday's bottom at 13.31

[RayCharles]

IMO

3 more days of folks selling Warrants. Suspect the bottom will be 1 March which is also the Warrant Exercise Deadline.

[maynerd]

$XL Looks like we got a bottom in... ??