Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Link to XL Fleet Q2 Quarterly Report (10-Q) https://ih.advfn.com/stock-market/NYSE/xl-fleet-XL/stock-news/85829707/quarterly-report-10-q
XL Fleet Partners with NFI’s ARBOC to Offer Hybrid Electric Bus Option
July 27 2021 - 07:30AM, Business Wire
https://ih.advfn.com/stock-market/NYSE/xl-fleet-XL/stock-news/85675342/xl-fleet-partners-with-nfi-s-arboc-to-offer-hybri
XL Hybrid system can immediately be ordered as an option on ARBOC Freedom low floor buses sold through ARBOC’s North American dealer network
Wheelchair-accessible hybrid buses are built on the GM 4500 chassis and require no electric vehicle charging infrastructure
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, and ARBOC Specialty Vehicles, LLC (TSX: NFI) (“ARBOC”), a subsidiary of NFI Group Inc. (“NFI”), one of the world’s leading independent global bus manufacturers, have announced a partnership to electrify ARBOC Freedom low floor buses with the XL Hybrid (XLH™) electric propulsion system. The wheelchair-accessible buses are built on the GM 4500 chassis and are now available for purchase with an installed XL Hybrid system through the ARBOC North American dealer network. ARBOC has sold 39 vehicles with the XL Hybrid system installed thus far in 2021.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210727005422/en/
XL Fleet is partnering with NFI’s ARBOC to offer hybrid electric bus options, similar to the one shown here, through ARBOC’s North American dealer network. (Photo: Business Wire)
XL Fleet is partnering with NFI’s ARBOC to offer hybrid electric bus options, similar to the one shown here, through ARBOC’s North American dealer network. (Photo: Business Wire)
Through the partnership, 24 ft. and 29 ft. ARBOC low floor bus models are available for the first time as hybrid electric units, providing a cost-effective option for customers looking to improve fuel economy, lower emissions and advance their sustainability goals without adding charging infrastructure or disrupting their existing operations. The XL Hybrid electric system runs in parallel to the OEM vehicle drivetrain, helping to slow the vehicle down during deceleration and providing an electric assist during acceleration throughout normal drive cycles, reducing fuel consumption and lowering emissions in standard gas-powered vehicles.
Individual partners within the ARBOC North American dealer network are now authorized to sell the XL Fleet electrification system as an available option on their buses, providing a new commercial channel for the Company as it expands into a broader range of medium duty applications.
“The bus industry represents a substantial electrification opportunity for XL Fleet, and we are excited to gain access to a great new customer base by partnering with an accessible bus market leader like ARBOC,” said Dimitri Kazarinoff, Chief Executive Officer of XL Fleet. “This partnership allows us to expand our growing suite of products, broaden our customer reach and bring new and unique solutions to market for bus fleets needing an immediate path forward for their sustainability goals.”
“The ARBOC Freedom is an innovative low-floor platform allowing riders using wheelchairs and other mobility devices to safely and comfortably get where they need to go. Now, they can do so in a cleaner, greener vehicle,” said Doug Minix, ARBOC’s General Manager. “XL Fleet’s innovative hybrid electric upfit technology gives our customers an opportunity to drive more sustainable versions of the ARBOC vehicle lineup without compromising our reliability while enhancing our world-class performance.”
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 150 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet’s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. XL Fleet’s plug-in hybrid electric drive system was named one of TIME magazine's best inventions of 2019. For additional information, please visit www.xlfleet.com.
About NFI
Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.
With 8,000 team members in nine countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motor coaches), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 105,000 buses and coaches around the world. NFI common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com and www.nfi.parts.
About ARBOC
ARBOC is North America’s low-floor, body-on-chassis (“cutaway”) bus leader serving transit, paratransit, and shuttle applications. With more than 4,000 buses produced, ARBOC leads the low-floor cutaway bus market providing unsurpassed passenger accessibility and comfort. ARBOC also offers the Equess, a medium-duty bus used for transit and shuttle applications. Further information is available at www.arbocsv.com.
So this may not be the sexiest electric vehicle news to hit their news feed recently, but it's still noteworthy nonetheless. One of the faster-moving realms of transportation electrification is the commercial fleet space, particularly buses and semi-trucks.
One could argue that large companies and fleet managers see the big picture in terms of ROI and long-term savings with EVs and their limited maintenance. The whole zero emissions, less pollution thing is merely a bonus.
No matter the reason, these electrified class 8 trucks are becoming less and less dependent on diesel. However, their precious cargo (including the driver) may require more battery power for components like AC and trailer dependable refrigeration – elements that used to rely on diesel.
Solving this issue for fleets by using clean energy, like solar roofs and additional auxiliary batteries, is a big step in addressing a power issue before it becomes just that.
There may be mixed feelings about XL Fleet, but it most certainly (and understandably) sees an in with eNow and its technology to corner a new section of the commercial fleet market.
That could be a reason why they already have the option to buy the entire company too. Bet they make a decision on that during this initial rollout of 1,000 units for next year.
https://electrek.co/2021/07/21/xl-fleet-partners-with-enow-to-power-electric-refrigerated-trailers/
XL Fleet Partners with eNow to Electrify Refrigerated Trucks; Shares Jump
By Sheryl Sheth, Jul 22, 2021, 02:26 AM
https://www.tipranks.com/news/xl-fleet-partners-with-enow-to-electrify-refrigerated-trucks-shares-jump?utm_source=advfn.com&utm_medium=referral
XL Fleet Corp. (XL) announced its partnership with eNow, Inc., together with a $3 million investment in eNow’s convertible notes, to support the commercialization of its new Class 8 commercial trailers. Shares jumped 6.7% on the news in after-hours trading on July 21.
XL Fleet provides vehicle electrification solutions for commercial and municipal fleets, while eNow provides renewable energy systems for heavy-duty trucks and trailers.
Per the terms of the deal, XL Fleet will supply battery and power electronics systems for the first 1,000 units of eNow’s new electrified refrigerated trailer solutions. (See XL Fleet stock charts on TipRanks)
The scope for the electrification of the traditional diesel-powered refrigerated trailers represents a multi-billion-dollar total addressable market potential as around 50,000 new trailers are sold annually.
The fully-electric Transport Refrigeration Units (eTRUs) will significantly reduce diesel emissions and lower its cost of ownership.
Additionally, the partnership will open the door for the cross-selling of XL’s other offerings, such as electrified powertrains and XL Grid charging infrastructure.
Currently, XL is developing a high-capacity lithium-ion battery that will provide about 12 hours of run time between charges. Once done, eNow will integrate the same into its solar panels mounted on the roofs of the trailers. The inbuilt thermal management system will enable the year-round operation of the eTRUs in North America.
Moreover, under XL’s Electrification-as-a-Service offering, the company will provide finance or leasing options for the eTRUs and related infrastructure to customers.
The initial delivery of the eTRUs is expected to begin in the first half of 2022, serving customers in the food, retail, manufacturing, and distribution industries.
Jeff Flath, President & CEO at eNow said, “This partnership will change the way the transportation industry thinks about energy and refrigerated transportation, as together we will offer the most advanced renewable power systems for reefer trailers, coupled with charging infrastructure, to eliminate a major source of diesel fuel consumption and emissions for fleets.”
Along with XL’s initial investment in eNow, it also has the right to acquire eNow at a predetermined valuation in the future.
XL Fleet stock has a Moderate Buy consensus rating based on 1 Buy versus 1 Hold. The average XL Fleet price target of $7.50 implies 6.1% upside potential to current levels. Shares have lost 64.8% year-to-date.
News XL Fleet Introduces Hybrid Electric Drive System Upfit for Isuzu NPR-HD
July 14 2021 - 08:00AM, Business Wire
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced that its XL Hybrid electric drive system is now available as an upfit solution for the new Isuzu NPR-HD. The electrification system is XL Fleet’s newest product release and enables Isuzu customers to electrify one of its newest and most popular medium duty low cab forward vehicles, which is ideally suited for demanding applications including last mile delivery, beverage distribution, utility work and food service.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210714005298/en/
Featuring a high efficiency lithium-ion battery, electric motor, inverter and control software, the XL Hybrid system transforms traditional gas-powered fleet vehicles into hybrid electric units with no operational disruption to the fleet. The NPR-HD is the second Isuzu vehicle XL Fleet has electrified, after originally launching its hybrid system on the Isuzu Reach™ diesel walk-through van for a global package delivery customer in 2015.
“XL Fleet is thrilled to be launching our hybrid platform on the NPR-HD and expanding our electrification portfolio with the latest high-performance fleet truck from Isuzu,” said Dimitri Kazarinoff, Chief Executive Officer at XL Fleet. “We continue to expand our industry leading breadth of electrification offerings enabling our customers to address sustainability objectives today, not just someday in the future.”
“We are excited that XL Fleet has chosen our world-class NPR-HD to deploy their hybrid electric drive system on,” said Shaun Skinner, President of Isuzu Commercial Truck of America. “The superior maneuverability and all the other advantages of the NPR-HD will bring many benefits to our fleet customers in the years to come.”
On June 9, 2021, XL Fleet displayed its hybrid electric drive system on the Isuzu NPR-HD at its Michigan Fleet Electrification Technology Center ribbon cutting ceremony with Governor Gretchen Whitmer.
XL Fleet’s hybrid system on the Isuzu NPR-HD is now available for purchase throughout North America. It is currently available on NPR-HD models with a 6.6L gas powered engine, on 150” and 176” wheelbases, and with both standard and crew cab configurations. To learn more or receive a quote, email sales@xlfleet.com.
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 150 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet’s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. XL Fleet’s plug-in hybrid electric drive system was named one of TIME magazine's best inventions of 2019. For additional information, please visit www.xlfleet.com.
About Isuzu
Isuzu commercial trucks have been the best-selling low cab forward trucks in the combined U.S.-Canadian market for 35 consecutive years. Headquartered in Anaheim, California, Isuzu Commercial Truck of America, Inc. is the distributor of Isuzu commercial vehicles in the United States. Isuzu Commercial Truck of America is a subsidiary of Isuzu Motors Limited, one of the world’s largest manufacturers of medium- and heavy-duty trucks. For more information, call (866) 441-9638 or visit www.isuzucv.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210714005298/en/
XL Fleet Corp (XL)
7.27 ? -0.43 (-5.58%)
Volume: 4,362,328 @07/09/21 7:58:57 PM EDT
Bid Ask Day's Range
- - 7.16 - 7.6
XL Detailed Quote
XL Fleet Added to Membership of Russell 3000® and U.S. Small Cap Russell 2000® Indexes https://ih.advfn.com/stock-market/NYSE/xl-fleet-XL/stock-news/85456738/xl-fleet-added-to-membership-of-russell-3000-and
June 28 2021, Business Wire
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions, today announced that the Company has been added to the Russell 3000® Index and the U.S. Small Cap Russell 2000® Index effective after the U.S. markets open on June 28, 2021.
The annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, 2021, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index and Russell 2000® Index remains in place for one year.
“This exciting milestone exemplifies the success we have achieved to date and highlights the significant ongoing growth opportunities ahead of us in helping to electrify the commercial fleet industry,” said Dimitri Kazarinoff, Chief Executive Officer of XL Fleet. “I am proud of our entire team whose collective efforts have positioned us to become part of this community, and look forward to the enhanced investor visibility that we expect from our inclusion in Russell’s world-class market index.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on Russell indexes and reconstitution, please visit the “Russell Reconstitution” section on the FTSE Russell website.
XL Fleet and Rubicon Collaborate to Accelerate Fleet Electrification in Waste and Recycling Industry https://ih.advfn.com/stock-market/NYSE/xl-fleet-XL/stock-news/85437149/xl-fleet-and-rubicon-collaborate-to-accelerate-fle
June 24 2021 - 08:00AM, Business Wire
Collaboration to provide fleet Electrification-as-a-Service to haulers to reduce capital and operating costs while lowering emissions
Positions XL Fleet to capitalize on the significant market opportunity from deploying clean vehicles and charging infrastructure across North America
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions for commercial and municipal fleets, announced an agreement with Rubicon, a software platform that provides smart waste and recycling solutions for businesses and governments worldwide, to bring XL Fleet’s offerings for fleet electrification to Rubicon’s network of waste and recycling hauler partners.
This will allow XL Fleet to grow its customer base by jointly approaching Rubicon’s expansive partner network with the Electrification-as-a-Service offering. XL Fleet aims to provide hybrid electric, plug-in hybrid and all-electric solutions, as well as deliver charging infrastructure through its XL Grid division, as a complete, end-to-end offering to Rubicon’s network of more than 7,000 vendor and hauler partners across the United States. XL Fleet and Rubicon can significantly accelerate fleet electrification in this space by reducing upfront costs and complexity. This also creates an opportunity for infrastructure investors to deploy significant capital into clean vehicle and charging infrastructure assets.
With over 150 million customer miles driven and more than 4,300 units on the road, XL Fleet is the leader in fleet electrification solutions for Class 2-6 commercial and municipal vehicles, with plans to expand its product offering into heavy duty applications including waste management. The company is excited to advance on its Electrification-as-a-Service offering and accelerate the electrification of Rubicon’s network of hauler partners.
“We are extremely proud to partner with technology leaders like Rubicon and bring our comprehensive fleet electrification solutions to its broad partner base of fleet managers within the waste management space,” said Tod Hynes, Founder and President at XL Fleet. “The market opportunity to help electrify the waste and recycling industry is significant as fleets look to meet their sustainability goals, and this collaboration expands and advances our existing efforts to capitalize on this growing opportunity. With the help of XL Fleet’s electrification offering, Rubicon will be able to offer solutions to its network of hauler partners, and bring enhanced cost-efficiency, convenience and performance to their fleets.”
“We are committed to securing smart waste and recycling solutions for our customers and partners, who are now increasingly looking to electrify their fleets and drive tangible sustainability success in their businesses and operations,” said David Rachelson, Chief Sustainability Officer at Rubicon. “With XL Fleet’s cutting-edge electrification solutions, analytics capabilities, and charging infrastructure solutions, we can deliver real value by streamlining the process of fleet electrification. Rubicon is looking forward to helping our sustainability-focused hauler partners electrify their recycling and waste management fleets with the help of XL Fleet’s comprehensive Electrification-as-a-Service suite of offerings.”
This latest partnership builds on XL Fleet’s existing initiatives in the waste and recycling space announced earlier this year, including a key partnership with refuse trucks provider Curbtender, to develop all-electric and plug-in hybrid vehicles. For sales inquiries related to this partnership, please contact: EaaS@xlfleet.com.
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 150 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet’s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. XL Fleet’s plug-in hybrid electric drive system was named one of TIME magazine's best inventions of 2019. For additional information, please visit www.xlfleet.com.
About Rubicon
Rubicon is a software platform that provides smart waste and recycling solutions for businesses and governments worldwide. Using technology to drive environmental innovation, the company helps turn businesses into more sustainable enterprises, and neighborhoods into greener and smarter places to live and work. Rubicon’s mission is to end waste. It helps its partners find economic value in their waste streams and confidently execute on their sustainability goals. Learn more at Rubicon.com.
XL Fleet Corp (XL)
8.68 ? 0.28 (3.33%)
Volume: 6,324,410 @06/24/21 1:46:05 PM EDT
Bid Ask Day's Range
- - 8.47 - 9.18
XL Detailed Quote
XL Fleet Celebrates Michigan Fleet Electrification Technology Center with Ribbon Cutting Event Featuring Governor Gretchen Whitmer
https://www.businesswire.com/news/home/20210609005751/en/
June 09, 2021 12:55 PM Eastern Daylight Time
Governor Whitmer reaffirms Michigan and XL Fleet’s joint commitment to accelerating the electrification of the automotive and commercial fleet industry
Expansion to Detroit region enables XL Fleet to attract top automotive and commercial vehicle engineering talent
BOSTON--(BUSINESS WIRE)--XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions for commercial and municipal fleets, today celebrated the grand opening of its Fleet Electrification Technology Center in Wixom, MI, with Michigan Governor Gretchen Whitmer and other legislative leaders of the state in attendance. Governor Whitmer joined XL Fleet CEO Dimitri Kazarinoff, Founder & President Tod Hynes, CTO and VP of Engineering Mike Kenhard, Wixom Mayor Patrick Beagle, and Michigan Economic Development Corporation Executive VP Josh Hundt in a press conference and ribbon cutting ceremony at the new facility. In addition to the ribbon cutting ceremony, Governor Whitmer and XL Fleet executives offered remarks highlighting the importance of expanding the electrification of the commercial fleet industry while XL Fleet showcased its latest hybrid and plug-in hybrid electric drive solutions for popular vehicles from General Motors, Ford and Isuzu.
“This investment by XL Fleet will create nearly 50 good-paying, high-skill jobs and help us continue our economic jumpstart and put Michigan back to work”
The formal unveiling of the Fleet Electrification Technology Center, which the Company first announced in March 2021, highlighted XL Fleet’s plans to bring new green transportation jobs to Michigan, contributing to the state’s commitment to sustainability under Governor Whitmer. It was noted during the ceremony that the new facility currently includes 26 full time Michigan employees, including more than one dozen who have been hired since the beginning of 2021. The Company plans to expand its engineering team by 50% in 2021, with more than 50 jobs expected to be added at the facility over the next three years by capitalizing on the location’s strategic access to a wealth of automotive and commercial vehicle engineering talent within the region.
As the Biden administration continues to prioritize and promote the advancement of electric transportation, XL Fleet is positioned to play a valuable role in accelerating the adoption of hybrid, plug-in hybrid and all-electric vehicles, as well as charging infrastructure, energy management and electrification as a service solutions for commercial fleets across the state of Michigan and the United States in the coming years.
As XL Fleet’s fourth U.S. location, the Fleet Electrification Technology Center is a state-of-the-art, nearly 25,000 square foot facility designed to help the Company more rapidly expand its suite of commercial fleet electrification solutions while meeting the growing demand for vehicle electrification throughout North America.
“The grand opening of our Fleet Electrification Technology Center in Michigan marks a milestone for XL Fleet as we expand our footprint into this highly strategic location, positioning us to add capacity to the exceptional talent we already have in-house," said XL Fleet CEO Dimitri Kazarinoff. “It is an honor to be joined by Governor Whitmer and other officials to help celebrate and inaugurate our first facility located in the country’s top region for automotive engineering innovation.”
XL Fleet Founder & President Tod Hynes added, “XL Fleet continues to reach milestones with our proven and growing product suite, strong strategic partnerships and world-class talent that will be enhanced through our new Michigan Fleet Electrification Technology Center. These milestones put XL Fleet in a unique position to not only capitalize on the industry’s shift to electrification, but to continue to help drive it.”
“This investment by XL Fleet will create nearly 50 good-paying, high-skill jobs and help us continue our economic jumpstart and put Michigan back to work,” said Governor Whitmer. “The new facility reinforces our reputation as the place that put the world on wheels, and a leader in the future of mobility and electrification. We’re excited to welcome XL Fleet to Michigan and look forward to the pathbreaking innovations that will be created right here in our state.”
XL Fleet qualified for a Michigan state incentive of up to $400,000 from the Michigan Economic Development Corporation (MEDC) for the leased facility, a grant designed to encourage expansion into the state among growing businesses. “XL Fleet’s new R&D facility will drive new advancements in future mobility and further demonstrate that Michigan is the place where manufacturing and technology converge,” said MEDC Chief Business Development Officer and Executive Vice President Josh Hundt. “This project aligns with our strategic focus on growing the mobility and electrification ecosystem in Michigan and fostering high-wage job growth. We’re pleased to work with our local partners to support XL Fleet’s investment.”
In addition, XL Fleet worked with MICHauto, the state’s automotive and mobility cluster association, on expanding into the facility. “MICHauto is very pleased to welcome XL Fleet to the Michigan automotive and technology community,” said Glenn Stevens, Executive Director for MICHauto. “XL Fleet has strategically located in the densest cluster of next-generation electrification technology, engineering, and advanced manufacturing in the world. The opportunity to utilize the talent, infrastructure, and quality of life across our state is unique to Michigan, and MICHauto looks forward to working with them to support their company’s growth. “
* * $XL Video Chart 06-08-2021 * *
Link to Video - click here to watch the technical chart video
Yes but I think this hits 15.00
Well looks like shorts still doing there thing.
How bout $17.90. I’d be happy.
Yes I see 13-16.00 soon
Reversal in progress
I’m seeing a flag pattern????
XL Fleet Corp (XL)
6.9 ? 0.42 (6.48%)
Volume: 3,761,834 @05/26/21 7:59:30 PM EDT
Bid Ask Day's Range
- - 6.41 - 6.92
XL Detailed Quote
XL Fleet Acquires World Energy Efficiency Services to Accelerate Fleet Electrification Adoption and Expand Charging Infrastructure Offering https://www.businesswire.com/news/home/20210517005923/en/XL-Fleet-Acquires-World-Energy-Efficiency-Services-to-Accelerate-Fleet-Electrification-Adoption-and-Expand-Charging-Infrastructure-Offering
May 17, 2021
BOSTON--(BUSINESS WIRE)--XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions for commercial and municipal fleets, today announced the acquisition of World Energy Efficiency Services, LLC (“World Energy”) for total cash and stock consideration of approximately $16 million.
“We are incredibly excited to bring World Energy’s experience and expertise in house. This transaction reflects a highly complementary addition to our XL Grid offering, improving our ability to reduce the total cost of ownership for the charging infrastructure needed to power fleet vehicles.”
World Energy is a leading provider of energy efficiency, renewable technology, electric vehicle charging station and other energy solutions to customers across the New England region. By leveraging its comprehensive solutions in combination with utility incentive programs, project management and financing, World Energy assists companies throughout all aspects of the electrification process. The company provides full-service EV charger installations, including the assessment of a location’s electrical infrastructure, site layout of the charging area plan and equipment installation.
“Availability of robust electric vehicle charging and infrastructure solutions is critical to meeting the long-term fleet electrification goals of the global industry and our customers,” said Tod Hynes, Founder and President of XL Fleet. “Some of our largest customers have identified that fleet facility power constraints create a unique and large challenge when trying to charge dozens and even hundreds of vehicles at the same location. The team at World Energy is filled with experts that can help solve this problem by incorporating energy efficiency measures and solar power, while integrating EV charging to increase the amount of energy available for fleet vehicle charging.”
“We remain focused on eliminating barriers to electrification, and are committed to making it easier, cheaper and simpler for companies to electrify their fleets,” continued Mr. Hynes. “We are incredibly excited to bring World Energy’s experience and expertise in house. This transaction reflects a highly complementary addition to our XL Grid offering, improving our ability to reduce the total cost of ownership for the charging infrastructure needed to power fleet vehicles.”
“The highly strategic bolt-on acquisition is consistent with our growth strategy, our focus on electrification as a service, and was enabled by our new public platform with more than $400 million of cash,” said Dimitri Kazarinoff, Chief Executive Officer of XL Fleet. “As our customers look to install and operationalize their electric fleets, they will need seamless electric charging infrastructure. Our customers will greatly benefit from the supplementary energy efficiency services that we will gain with the acquisition of World Energy and its experienced team. World Energy amplifies the value of our XL Grid division by embedding critical charging solutions to deliver energy and cost savings to our expanding base of customers.”
“World Energy’s track record of winning in the energy efficiency utilities space within the U.S. market positions us to bring incredible value to XL Fleet’s suite of fleet electrification and charging infrastructure solutions,” said Rick Galipeau, President of World Energy. “We are tremendously excited about joining the XL Fleet team and bringing our commercial relationships to their world-class platform.”
Transaction & Financial Overview
Total consideration for the World Energy acquisition is approximately $16 million, comprised of $8.0 million in cash paid on the closing date and the obligation to issue newly issued shares of XL Fleet common stock valued at $7.0 million. The purchase price is subject to an adjustment for closing date net working capital and an additional earn out payment of $1.0 million payable based on the achievement of World Energy’s 2021 revenue target.
World Energy generated $18 million of total revenue and was free cash flow positive for full-year 2020. The transaction was approved by both companies' Boards of Directors and was closed effective May 17, 2021.
* * $XL Video Chart 05-18-2021 * *
Link to Video - click here to watch the technical chart video
hi dare lol can ya sing like ah ray
hi dare lol can ya sing like ah ray
some shorting all spacs
XL Fleet Corp (XL)
5.7 ? -0.48 (-7.77%)
Volume: 4,292,005 @05/10/21 7:58:29 PM EDT
Bid Ask Day's Range
- - 5.67 - 6.16
XL Detailed Quote
any reason for declining pps XL Fleet Corp (XL)'
Buying all the way down, great buys at this point :)
A new CEO is great. However, if the sales force is not selling any measurable product, there’s nothing to account for.
Losing faith. Not gonna lie. I feel like I may have made a mistake.
Prove me wrong!
News out XL Fleet Bolsters Executive Team with Appointment of Cielo M. Hernandez as Chief Financial Officer
April 20 2021 - 07:30AM
Accomplished finance executive with more than 25 years of public and private company experience joins fleet electrification leader
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced the addition of Cielo M. Hernandez as Chief Financial Officer of XL Fleet. As CFO, Hernandez will oversee the Company’s financial organization, including financial reporting, financial planning, internal controls, as well as treasury. Hernandez’s extensive experience and capability will also contribute to strategic planning, M&A, and investor relations.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210420005456/en/
“We are extremely excited to welcome Cielo to our leadership team,” said Dimitri Kazarinoff, Chief Executive Officer of XL Fleet. “Cielo is a high-caliber finance executive whose extensive experience driving growth, operational improvements and functional excellence positions her very well to lead XL Fleet’s finance organization and deliver significant value to our stakeholders. I look forward to working closely with Cielo as we continue to execute on our growth plan as a public company.”
Hernandez is a finance professional with more than 25 years of experience, with an extensive track record of leading global teams and strategies for both publicly traded and private companies. She has held various positions in finance, operations, procurement and information systems, and prior to joining XL Fleet, served as Senior Vice President and Chief Financial Officer of South Jersey Industries, Inc., a publicly traded energy utility company. She previously served as Vice President and Chief Financial Officer for the North America region at A.P. Moeller Maersk A/S, and held leadership roles at APM Terminals, Amcor and DIRECTV.
“Cielo’s strong finance and accounting background at both public and private companies is well-aligned with XL Fleet’s growth trajectory, and her strategic financial leadership is immensely valuable at a critical time in our company’s evolution,” said Tod Hynes, Founder and President of XL Fleet. “We look forward to Cielo’s contributions toward our ongoing growth and our mission of leading electrification across the global commercial fleet space.”
Hernandez earned her undergraduate degree in Accounting from Universidad Santiago de Cali, Colombia. She also holds a Master of Business Administration degree with specialization in International Business from the University of Miami. Hernandez is a Certified Public Accountant and holds a Certification in Human Resources Talent Management from Universidad Santiago de Cali, Colombia as well as Certifications in Executive Leadership and High-Performance Leadership from Cornell University, and Strategic Leadership and Improving the Business from IMD University Switzerland. Hernandez is a Board member of Rowan University Foundation and was named as one of South Jersey Biz’s Women to Watch for 2020.
XL Fleet Corp (XL)
6.52 ? -0.09 (-1.36%)
Volume: 10,507,815 @04/16/21 7:59:47 PM EDT
Bid Ask Day's Range
- - 6.28 - 6.8883
XL Detailed Quote
Jim Cramer bashed XL Fleet last night in his Mad Money show, repeating the lame attacks by the short seller. He also bashed four other companies that also went public through a SPAC: Lordstown Motors, Canoo, Romeo Power, and Nikola. All of these companies already way down from their peaks following going public. Wouldn't it be nice if XL Fleet as well as the other four stocks all finished higher today.
Well, he supposedly has tens of thousands of followers, and most stocks are down the day after he puts up a video chart....so.
I heard from another board that every time Clay posts that means he's shorting the stock, any idea if that's true?
* * $XL Video Chart 04-08-2021 * *
Link to Video - click here to watch the technical chart video
Not much you can do when already down, and Clay kicks you almost daily.
* * $XL Video Chart 04-07-2021 * *
Link to Video - click here to watch the technical chart video
News out this morning explaining the positive price action.
XL Fleet Electrifying Apex Clean Energy Pickup Fleet
April 07 2021 - 07:00AM
Business Wire
Leading clean energy company is electrifying its work truck fleet with XL Fleet plug-in hybrid and hybrid systems on its F-Series pickup trucks
Apex fleet electrification investment will support its commitment to reduce carbon emissions
Vehicles were acquired for Apex by XL Fleet’s Fleet Management Company (FMC) partner Enterprise Fleet Management
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions, and Apex Clean Energy (“Apex”), a leading clean energy company that develops, constructs, and operates utility-scale wind and solar power facilities throughout North America, today announced that XL Fleet is electrifying Apex’s vehicle fleet as part of a comprehensive effort to reduce its carbon emissions.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210407005381/en/
Apex’s first investment in vehicle electrification, the order will provide 19 electrified Ford F-series pickup trucks, including ten plug-in hybrid electric and nine hybrid electric systems for pickups in its service fleet, for delivery in the second quarter of 2021. The strategic mix of hybrid and plug-in hybrid electric vehicles being deployed aligns with Apex’s current sustainability goals and operational requirements, while allowing it to consider expanding its electrification investments as it replaces more vehicles in the future.
XL Fleet’s electrification systems will enable Apex to equip its project teams with a diverse array of cleaner, more fuel-efficient vehicles as Apex installs renewable power generation equipment and facilities throughout North America. Apex is planning to deploy the plug-in hybrid vehicles to its operations employees, who will have access to charging infrastructure being installed at operational wind and solar facilities. The hybrid vehicles are expected to be used by Apex’s on-site construction team, who currently do not have regular access to charging infrastructure and will benefit from the regenerative braking provided by the XL Fleet hybrid system. In the past decade, Apex has commercialized $9 billion worth of wind and solar projects representing nearly 7 GW of clean energy opportunity.
“XL Fleet and Apex Clean Energy share a common goal of delivering sustainable products and services designed to protect our environment, and we are proud to become Apex’s electrified vehicle partner as they look to take immediate and significant steps toward reducing their carbon footprint,” said Brian Piern, VP of Sales and Marketing at XL Fleet.
“As a mission-driven company with sustainability at the heart of our work, Apex is driving the transition to a clean energy economy, and XL Fleet is an ideal partner to help us extend this core value to our transportation choices,” said Mark Goodwin, president and CEO of Apex Clean Energy. “XL Fleet gives us the ability to begin working toward our carbon reduction goals immediately by electrifying our vehicle fleet with proven solutions that make strong financial sense.”
This deployment of electrified pickups reflects XL Fleet’s broad lineup of plug-in hybrid and hybrid solutions for some of the fleet industry’s most popular light and medium duty work trucks, which also includes the Company’s newest plug-in and hybrid offerings for Chevrolet Silverado and GMC Sierra HD models.
The Ford F-series pickups being electrified for Apex were acquired by XL Fleet’s Fleet Management Company (FMC) partner Enterprise Fleet Management as part of this transaction. Enterprise is a leading full-service provider of fleet management capabilities, including vehicle acquisition, financing, maintenance and more. Enterprise takes a sustainable approach to its business practices and actively helps fleet customers manage their carbon footprint.
Link to article: https://ih.advfn.com/stock-market/NYSE/xl-fleet-XL/stock-news/84769430/xl-fleet-electrifying-apex-clean-energy-pickup-fle
* * $XL Video Chart 04-06-2021 * *
Link to Video - click here to watch the technical chart video
* * $XL Video Chart 04-05-2021 * *
Link to Video - click here to watch the technical chart video
* * $XL Video Chart 04-01-2021 * *
Link to Video - click here to watch the technical chart video
As a result, we continue to experience significant friction including OEM delays amid microchip and other shortages, and currently forecast first quarter 2021 revenue of approximately $1 million, or roughly flat versus the prior year quarter."
XL Fleet EPS beats by $0.03, misses on revenue
Mar. 31, 2021 4:49 PM ETXL Fleet Corp. (XL)By: Shweta Agarwal, SA News Editor5 Comments
XL Fleet (NYSE:XL): Q4 GAAP EPS of -$0.06 beats by $0.03.
Revenue of $10.87M misses by $1.18M.
Gross profit of $2M, reflecting gross margin of 18.3%
Year-end cash balance of $329.6M
https://seekingalpha.com/news/3678298-xl-fleet-eps-beats-0_03-misses-on-revenue?utm_source=advfn.com&utm_medium=referral
2021-03-31 20:15:00 GMT *DJ XL Fleet 4Q Loss $5.56M >XL
2021-03-31 20:15:00 GMT *DJ XL Fleet 4Q Rev $10.9M >XL
2021-03-31 20:15:00 GMT Press Release: XL Fleet Announces Fourth Quarter and Full-Year 2020 Financial Results
XL Fleet Announces Fourth Quarter and Full-Year 2020 Financial Results
BOSTON--(BUSINESS WIRE)--March 31, 2021--
XL Fleet Corp. (NYSE: XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced fourth quarter and full-year 2020 financial results.
Full-Year and Recent Highlights
-- Generated revenue for full-year 2020 of $20.3 million, an increase of
182% vs. $7.2 million in the prior year
-- Generated revenue for fourth quarter of 2020 of $10.9 million, compared
to $0.3 million in the prior year quarter
-- Shipped 1,537 total systems during full-year 2020, including 837 systems
in the fourth quarter of 2020
-- Reported gross profit for full-year 2020 of $2.7 million, reflecting
gross margin of 13.5%
-- Reported gross profit for fourth quarter of 2020 of $2.0 million,
reflecting gross margin of 18.3%
-- Completed business combination with Pivotal Investment Corp. II on
December 21, 2020
-- Exited 2020 with cash balance of $329.6 million; cash balance of $407.9
million as of March 15, 2021
-- Achieved over 4,300 cumulative hybrid and plug-in hybrid systems sold
through 2020
Management Commentary
"XL Fleet continues to deliver on its commitments, including achieving record fourth quarter and full-year 2020 revenue, capping off the most successful year in our company's history," said Dimitri Kazarinoff, Chief Executive Officer of XL Fleet. "We nearly tripled revenue despite the significant challenges facing industries and economies across the globe, delivered more than 1,500 systems to a strong base of customers, while generating positive gross margins. Following the completion of our business combination in December and warrant redemption in March, we are armed with approximately $408 million in cash, and we believe we are extremely well positioned to continue executing our growth strategy and to maintain a leadership position in the rapidly growing commercial fleet electrification market."
"We are proud to be a leader in commercial fleet electrification, with over 4,300 systems sold through 2020, hundreds of commercial fleet customers throughout North America, and over 150 million customer miles driven," said Tod Hynes, Founder and President of XL Fleet. "We continue to successfully scale our platform, grow our team, expand our portfolio of electrification solutions, and enable our customers to meet their sustainability and operational goals, while upholding the performance and reliability they require. Our mission is to make electrification simple, efficient and low-cost. Our growing solutions portfolio, including ongoing development of all-electric solutions and development of XL Grid, positions us well to become a comprehensive solutions provider for commercial fleet electrification."
Outlook
"We believe the long-term outlook for the commercial fleet market remains robust, with continued growth in demand for electrification and our expanding base of solutions," said Mr. Kazarinoff. "The world is electrifying -- however, economies and businesses around the world continue to face ongoing impacts of the COVID-19 pandemic. As a result, we continue to experience significant friction including OEM delays amid microchip and other shortages, and currently forecast first quarter 2021 revenue of approximately $1 million, or roughly flat versus the prior year quarter."
"Given this ongoing uncertainty and the potential for extended industry-wide issues, combined with typical seasonal patterns in our orders and a significant majority of revenues focused on the second half as in prior years, we are not currently providing formal full-year 2021 financial guidance. As these pressures abate, we expect to see a stronger market environment emerge later this year. In this scenario, we would expect to realize significant revenue growth in 2021, accompanied by even more pronounced seasonality and therefore weighting to the second half of the year."
Full-Year 2020 Financial Results
Revenue totaled $20.3 million for full-year 2020, reflecting an increase of 182% as compared to $7.2 million for the full-year 2019. Gross profit totaled $2.7 million for the full-year 2020, compared to a gross loss of $0.9 million for the full-year 2019. Adjusted EBITDA for the full-year 2020 totaled ($14.7), compared to ($13.3) million for the full-year 2019.
Fourth Quarter 2020 Financial Results
Revenue totaled $10.9 million in the fourth quarter of 2020 compared to $0.3 million in the fourth quarter of 2019. Gross profit totaled $2.0 million for the fourth quarter of 2020, compared to a gross loss of $0.6 million in the fourth quarter of 2019. Adjusted EBITDA totaled ($1.8) million for the fourth quarter of 2020, compared to ($3.8) million for the fourth quarter of 2019.
Balance Sheet and Capital
Cash and cash equivalents as of December 31, 2020 totaled $329.6 million. Following the Public Warrant redemption completed in March 2021, total cash and cash equivalents increased by an additional $85.6 million, resulting in total cash and cash equivalents of $407.9 million as of March 15, 2021. Total debt outstanding as of December 31, 2020 was approximately $0.1 million. Following the completion of the business combination in December 2020 and including the Public Warrant redemption in March 2021, XL Fleet currently has approximately 139 million shares of Common Stock outstanding.
Operating Summary
For the full-year 2020, the Company shipped a total of 1,537 systems, of which, 837 systems were shipped during the fourth quarter of 2020. Systems shipped during 2020 include XL Fleet's hybrid and plug-in hybrid systems. XL Fleet is currently developing all electric systems, and remains on track to begin shipments in 2022.
Recent Operational & Business Updates
In March 2021, XL Fleet opened its commercial fleet electrification technology center, an approximately 25,000 square-foot engineering facility located in the Metro Detroit region. The state-of-the-art facility is strategically located with access to world-class automotive and engineering talent, and will be utilized for the design, development, testing and production of electrification solutions.
In February 2021, XL Fleet reached a strategic partnership with UBS Arena and the New York Islanders, with the opportunity to explore the deployment and operation of 1,000 EV charging stations at UBS Arena, which is located strategically in the metropolitan New York region near both LaGuardia and JFK Airports. XL Fleet intends to support this project through the development, deployment and management of a robust suite of electrification infrastructure, including solar power generation, energy storage and vehicle charging stations, and the equipment and deployment of EV fleets for use by UBS Arena and the New York Islanders.
In February 2021, XL Fleet announced a partnership with Curbtender to develop all-electric, plug-in hybrid and hybrid electric refuse trucks beginning in 2021. The agreement also includes the joint development of plug-in hybrid electric versions of the vehicle, as well as a range of Class 3 to Class 8 vehicle solutions for the waste management industry.
In December 2020, XL Fleet announced the launch of XL Grid, advancing the Company's electrification as a service offering. XL Grid provides charging infrastructure, energy storage and power solutions for fleets. In January 2021, the Company hired Colleen Calhoun as Vice President & General Manager of XL Grid. Colleen brings more than 25 years of leadership experience in GE's Energy, Power and Finance Businesses.
In December 2020, XL Fleet expanded its line of electrified powertrains to include a hybrid electric drive system for the Class 5 Ford F-550 Super Duty chassis to meet significant, growing demand across municipal transportation, utilities, construction equipment and customer service vehicle applications. Deliveries to customers began in the fourth quarter of 2020.
On December 21, 2020, XL Fleet completed its business combination with Pivotal Investment Corporation II and began trading on the New York Stock Exchange under the ticker symbol XL on December 22, 2020.
XL Fleet Announces Date Change for Fourth Quarter and Full-Year 2020 Earnings Release and Conference Call
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced that it has changed the date of its previously announced earnings release and earnings conference call to allow additional time to complete a review of its fourth quarter and full-year 2020 financials.
The Company will now report its fourth quarter and full-year 2020 financial results after market close on Wednesday, March 31, 2021, followed by a conference call at 5:00 p.m. Eastern Time. The Company previously planned to release its earnings results and hold its earnings conference call on Tuesday, March 30, 2021.
The earnings conference call can be accessed live by dialing 877-407-3982, or for international callers, 201-493-6780 and referencing XL Fleet. Alternatively, the call can be accessed via a live webcast accessible on the Events & Presentations page in the Investor Relations section of The Company’s website at www.xlfleet.com.
A replay will be available shortly after the call and can be accessed by dialing 844-512-2921, or for international callers, 412-317-6671. The passcode for the replay is 13716139. The replay will be available until April 14, 2021. An archive of the webcast will be available for a period of time shortly after the call on the Investor Relations section of the Company’s website at www.xlfleet.com.
Yahoo Analysis tab is pretty reliable for estimates
Earnings estimate for Q4 is -.09
Revenue estimate for Q4 is $12.1m
for 2020 the year
Earnings estimate is -.17
Revenue estimate is $21.41M
Followers
|
33
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
468
|
Created
|
09/18/20
|
Type
|
Free
|
Moderators |
XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America,
with more than 140 million miles driven by customers such as The Coca-Cola Company, Verizon,
Yale University and the City of Boston.
XL Fleet’s electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent,
decreasing operating costs and meeting sustainability goals while enhancing fleet operations.
XL Fleet's electric drive system was named one of TIME magazine's best inventions of 2019.
For additional information, please visit
http://www.xlfleet.com.
PER IHUB MGMT |
02-07-2021
DISCLAIMER: ONLY FOR MICK
https://investorshub.advfn.com/boards/profilea.aspx?user=1012
*The Board Monitor and herewithin , are not licensed brokers and assume NO responsibility for actions,
investments,decisions, or messages posted on this forum.
CONTENT ON THIS FORUM SHOULD NOT BE CONSIDERED ADVISORY NOR SOLICITATION
AUTHORS MAY HAVE BUYS OR SELLS WITH THE COMPANIES MENTIONED IN TRADING POSTERS SHOULD DUE DILIGENT BUYING OR SELLING.
ALL POSTING SHOULD BE CONSIDERED FOR INFORMATION ONLY. WE DO NOT RECOMMEND ANYONE BUY OR SELL ANY SECURITIES POSTED HEREWITHIN.
ANY trade entered into risks the possibility of losing the funds invested.
• There are no guarantees when buying or selling any security.Any
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |