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Warrants conversion news is out. Take a look if you have any.
Price drop after Q2 earnings release had to with the following (as per their earnings call):
“there were two significant pushouts, which were really to do with the customer's programs per se, nothing that was within our control, their own engineering execution. And I would say it's important to note that no business has been lost here. It's just being pushed out by a few quarters in order to allow these guys to complete whatever they need to do on the engineering side”.
They guided for a slow growth Q3, again due to the customer pushbacks, but a rather robust and profitable Q4…we will see.
They also had some design wins with Bosch which they implied could be the biggest in the company’s history so far.
There is still potential here but the wait continues…
2 upgrades today: Deutsche Bank raises price target to $15 from $10. B. Riley raises price target to $14. They had just set it to $13 last week from $10.
B. Riley Securities Upgrades Indie Semiconductor to Buy, Raises Price Target to $13
Big acquisition today. Read all about it in the news section/tab.
I think the Company (INDI) is close to offering all holders of the public warrants the opportunity to receive X number of ordinary Shares of INDI stock in exchange for each outstanding public warrant that they hold. Probably something like .25 shares for every warrant held.
This Convertible Senior Notes offering killed the stock today. I’m speculating they’ll use most of the proceeds for an acquisition which then may cause the stock to rebound (depending on the target company).
Another great quarter (Q3). CEO predicting profitability in second half of next year. Nice bounce in price today.
Q2/2022 results are out…looks like another great quarter.
Just announced a 6 month merger extension. They now have till the end of June /2022 to finalize the merger.
In addition, looks like they lower the valuation of the deal from $9.3B to $7.9B.
I think the lock up period expires today. It’s 6 months since the merger closed.
Strong comeback this week.
Merger vote passed! Will be trading as Solid Power in a few days.
Price targets increased today at Riley ($22) and Deutsche Bank ($16).
Next quarter will have 50% sequential growth…that puts Q4 to have 12.2 x 1.5 = 18.2m in revenue. They said q4 will only include a partial quarter of TeraXion, otherwise it would be a bigger quarter. They also said they are approaching a $75 million annual revenue run rate and see maintaining the steep growth trajectory it’s been on. That means they should top the 91M revenue projection for 2022.
2021 revenue:
Q1 $8.1M
Q2 $9.2M
Q3 12.2M
Q4 18.2M guidance
47.7 total for 2021
Initial revenue SPAC projections were:
2021 - $44M
2022 - $91M
2023 - $203M
Very good Q3 earnings and guidance. Check the news tab for the earnings release.
Thanks for starting a board for this.
Indie Semiconductor Enters Definitive Agreement to Acquire Analog Devices’ Symeo Radar Division
Check news tab from more…gl
Nice quarter! Blowout earnings…
GrowGeneration Signs Asset Purchase Agreement to Acquire Nation's Third-Largest Chain of Hydroponic Garden Centers
https://newsfilter.io/articles/growgeneration-to-buy-michigan-based-hydroponic-garden-centers-company-hgs-hydro-88b1fee4818eeef11fc628e2a24960b4
50M in yearly revenue being added.
Commercial EV company Arrival to build electric buses for Anaheim
This came out 4 days ago.
https://www.google.com/amp/s/techcrunch.com/2021/07/22/commercial-ev-company-arrival-to-build-electric-buses-for-anaheim/amp/
So, install as many devices as you can and then make the money off its advertising platform….sounds like the way ROKU makes their money. I like that model.
Is Arrival Becoming A Short Squeeze Target? WallStreetBets Post Sends Shares Soaring
https://www.benzinga.com/trading-ideas/long-ideas/21/06/21581910/is-arrival-becoming-a-short-squeeze-target-wallstreetbets-post-sends-shares-soaring?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+benzinga%2Ftrading-ideas%2Flong-ideas+%28Channels+-+Trading+Ideas+-+Long+Ideas%29&utm_content=Google+Feedfetcher
Thunder Bridge Acquisition II, Ltd. (NASDAQ:THBR) announced in an 8-K filing that its shareholders approved its combination with indie Semiconductor at a special meeting held earlier today.
Montana close to passing bill to legalize recreational MJ.
https://thehill.com/homenews/state-watch/550086-montana-senate-passes-bill-legalizes-recreational-marijuana
UPS reaffirms order with Arrival in tweet.
Want a glimpse into the future? Our newest Electric Vehicles arrive in 2022 thanks to @arrival ! #howbrowndoesgreen #earthmonth #sustainability pic.twitter.com/oosS2ZcXD3
— UPS (@UPS) April 14, 2021
New Mexico Becomes Second State in 24 Hours to Vote to Legalize Weed
https://www.rollingstone.com/culture/culture-news/new-mexico-marijuana-legalization-1149999/
Looking ahead to 2021 first quarter results due out in the middle of May: guidance is $85-88M compared to 2020 first quarter revenue of $33M. Going to be another 150%+ year over year increase in revenue.
GrowGeneration Expands Southern California Footprint with New Super Hydroponic Garden Centers in Los Angeles County
GrowGeneration announced it has signed two new leases in Los Angeles County, California, which will serve as the future sites of two new GrowGeneration Super Hydroponic Garden Centers. Located in the heart of downtown Los Angeles at 1651 Naomi Street and near the Long Beach Ports at 19516 South Susan Street in Rancho Dominguez, the leases represent an additional 122,000 square feet of retail and distribution space in Los Angeles County, making them the largest hydroponic garden centers in Southern California. With these leases, GrowGen will operate close to 800,000 square feet of retail and warehouse space across 52 locations nationwide, with 10 of those locations in the important Southern California market and 19 in the state of California
Read more at:
https://thefly.com/n.php?id=3262882
GrowGeneration price target raised to $77 from $60 at Lake Street
Read more at:
https://thefly.com/n.php?id=3248943
GrowGeneration Acquires Colorado-Based Grow Warehouse, Expands Footprint in Colorado and Oklahoma
https://ir.growgeneration.com/news-events/press-releases/detail/116/growgeneration-acquires-colorado-based-grow-warehouse
Latest filing by BlackRock shows an increased exposure to GRWG compared to last quarter.
Payday finally! This has a low float due to all the redemptions so we could have big moves on this merger news.
Warrants finally broke through $10. Should be hearing something on that merger vote soon.
Speculation regarding eToro is running this one up. Hope it works out.
Oppenheimer Adjusts GrowGeneration's Price Target to $60 From $40, Maintains Outperform Rating
CIIC picked up its first Wall Street recommendation on Thursday. Wolfe Research analyst Scott Group initiated coverage of CIIG with an outperform rating and a price target of $50 by year-end.
Have 20k warrants @ .85. Energy spac plays are too hot now to pass up.
$58 price target from Stifel but a downgrade from Buy to Neutral at Roth Capital.
https://thefly.com/news.php?symbol=GRWG
We have one target upgrade to $65 and two downgrades to neutral from buy.
https://thefly.com/news.php?symbol=GRWG