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Reports $26.8M in Revenues and EV Sales Growth for 2020
https://investorintel.com/markets/cleantech/cleantech-intel/ideanomics-continues-their-blockbuster-growth-reporting-ev-revenue-growth-of-over-600-in-fy2020/
$IDEX - Medici USA Electric Buses Preview
$IDEX - Medici USA Electric Buses Preview
Are We in the Early Stages of the Electric Vehicle Revolution?
According to Wikipedia data, the U.S. market share of plug-in electric passenger cars has increased from 0.14% in 2011 to 1.9% in 2019.
Interestingly though, the EIA reported that,
"In 2019, more than 90% of the U.S. transportation sector's energy was sourced from fossil fuels,"
Many consumers and investors may not realize that most of the electricity used in charging E.V.s today comes from coal and natural gas. So, while E.V.s themselves may be emission-free, the electricity used to power them often isn't. For President Biden and those pushing the Paris Agreement mandate, this has to change.
A Reuters article, E.V. rollout will require huge investments in strained U.S. power grids, sums up the challenge and opportunity for investors:
"A model utility with two to three million customers would need to invest between $1,700 and $5,800 in grid upgrades per E.V. through 2030, according to Boston Consulting Group. Assuming 40 million E.V.s on the road, that investment could reach $200 billion.
So far, investor-owned companies have plans approved for just $2.6 billion in charging programs and projects, according to trade group Edison Electric Institute."
Biden's recently announced $2 trillion infrastructure plan appears to meet this need head-on.
According to The New York Times,
"It proposes the creation of a "Clean Electricity Standard" — essentially, a federal mandate requiring that a certain percentage of electricity in the United States be generated by zero-carbon energy sources like wind, solar and possibly nuclear power."
This matters even more because E.V.s are about to be pushed like never before.
Biden's plan also,
"proposes spending $174 billion to encourage the manufacture and purchase of electric vehicles by granting tax credits and other incentives to companies that make electric vehicle batteries in the United States..."
That's $174 billion in tax credits and incentives directed at an already rapidly growing electric vehicle industry. The global electric vehicle market was estimated at USD 162.34 Billion in 2019, according to Valuates Reports.
Furthermore, and according to Valuates Reports data, the E.V. market,
"…is expected to reach USD 802.81 Billion by 2027, at a CAGR of 22.6 percent."
Valuates Reports made their estimates before Biden's proposed tax credits and incentives.
Biden's $2 Trillion Infrastructure Plan
The 1.9% E.V. adoption in 2019 might sound like a long way off the 66% target by 2050, but the percentage increase is what investors should note...
E.V.s on the road increased by more than 1,000% in the past eight years -- from 0.14% in 2011 to 1.9% in 2019. If that rate of increase holds, 66% of all cars being E.V.s by 2050 may be a conservative target.
Biden's infrastructure plan. The New York Times states that,
"The plan proposes an additional $46 billion in federal procurement programs for government agencies to buy fleets of electric vehicles, and $35 billion in research and development programs for cutting-edge, new technologies."
This, combined with the $174 billion in tax credits and incentives, should boost the E.V. market like nothing before.
One company that is on track with the global EV revolution is Ideanomics Inc.
Through its subsidiaries and investments, Ideanomics is driving EV adoption by assembling a global ecosystem across the 3 key pillars of EV, which are Vehicles, Charging, and Energy.
Ideanomics (Nasdaq-IDEX) Driving Commercial EV Adoption
https://ideanomics.com/divisions/ideanomics-mobility/
Are We in the Early Stages of the Electric Vehicle Revolution?
According to Wikipedia data, the U.S. market share of plug-in electric passenger cars has increased from 0.14% in 2011 to 1.9% in 2019.
Interestingly though, the EIA reported that,
"In 2019, more than 90% of the U.S. transportation sector's energy was sourced from fossil fuels,"
Many consumers and investors may not realize that most of the electricity used in charging E.V.s today comes from coal and natural gas. So, while E.V.s themselves may be emission-free, the electricity used to power them often isn't. For President Biden and those pushing the Paris Agreement mandate, this has to change.
A Reuters article, E.V. rollout will require huge investments in strained U.S. power grids, sums up the challenge and opportunity for investors:
"A model utility with two to three million customers would need to invest between $1,700 and $5,800 in grid upgrades per E.V. through 2030, according to Boston Consulting Group. Assuming 40 million E.V.s on the road, that investment could reach $200 billion.
So far, investor-owned companies have plans approved for just $2.6 billion in charging programs and projects, according to trade group Edison Electric Institute."
Biden's recently announced $2 trillion infrastructure plan appears to meet this need head-on.
According to The New York Times,
"It proposes the creation of a "Clean Electricity Standard" — essentially, a federal mandate requiring that a certain percentage of electricity in the United States be generated by zero-carbon energy sources like wind, solar and possibly nuclear power."
This matters even more because E.V.s are about to be pushed like never before.
Biden's plan also,
"proposes spending $174 billion to encourage the manufacture and purchase of electric vehicles by granting tax credits and other incentives to companies that make electric vehicle batteries in the United States..."
That's $174 billion in tax credits and incentives directed at an already rapidly growing electric vehicle industry. The global electric vehicle market was estimated at USD 162.34 Billion in 2019, according to Valuates Reports.
Furthermore, and according to Valuates Reports data, the E.V. market,
"…is expected to reach USD 802.81 Billion by 2027, at a CAGR of 22.6 percent."
Valuates Reports made their estimates before Biden's proposed tax credits and incentives.
Biden's $2 Trillion Infrastructure Plan
The 1.9% E.V. adoption in 2019 might sound like a long way off the 66% target by 2050, but the percentage increase is what investors should note...
E.V.s on the road increased by more than 1,000% in the past eight years -- from 0.14% in 2011 to 1.9% in 2019. If that rate of increase holds, 66% of all cars being E.V.s by 2050 may be a conservative target.
Biden's infrastructure plan. The New York Times states that,
"The plan proposes an additional $46 billion in federal procurement programs for government agencies to buy fleets of electric vehicles, and $35 billion in research and development programs for cutting-edge, new technologies."
This, combined with the $174 billion in tax credits and incentives, should boost the E.V. market like nothing before.
One company that is on track with the global EV revolution is Ideanomics Inc.
Through its subsidiaries and investments, Ideanomics is driving EV adoption by assembling a global ecosystem across the 3 key pillars of EV, which are Vehicles, Charging, and Energy.
Ideanomics (Nasdaq-IDEX) Driving Commercial EV Adoption
https://ideanomics.com/divisions/ideanomics-mobility/
Company Video March 2021
Company Video March 2021
$IDEX - Ideanomics Continues their Blockbuster Growth Reporting EV Revenue Growth of over 600% in FY 2020
https://investorintel.com/markets/cleantech/cleantech-intel/ideanomics-continues-their-blockbuster-growth-reporting-ev-revenue-growth-of-over-600-in-fy2020/
$IDEX - Ideanomics Continues their Blockbuster Growth Reporting EV Revenue Growth of over 600% in FY 2020
https://investorintel.com/markets/cleantech/cleantech-intel/ideanomics-continues-their-blockbuster-growth-reporting-ev-revenue-growth-of-over-600-in-fy2020/
$IDEX – CNN Analyst’s 12-month $5.00 Forecast
The 1 analyst offering 12-month price forecasts for Ideanomics Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +65.02% increase from the last price of 3.03.
https://money.cnn.com/quote/forecast/forecast.html?symb=idex
Medici Electric Buses Preview
$IDEX – CNN Analyst’s 12-month $5.00 Forecast
The 1 analyst offering 12-month price forecasts for Ideanomics Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +65.02% increase from the last price of 3.03.
https://money.cnn.com/quote/forecast/forecast.html?symb=idex
Medici Electric Buses Preview
$IDEX - Medici Electric Buses Preview
Medici Electric Buses Preview
Medici Electric Buses Preview
$WEED.T Canopy Growth to Acquire Supreme $FIRE.T Cannabis Compnay
#stocks #Investing
https://www.besthotstocks.com/canopy-growth-to-acquire-the-supreme-cannabis-company/
$WEED.T CANOPY GROWTH TO ACQUIRE THE SUPREME $FIRE.T CANNABIS COMPANY
https://www.besthotstocks.com/canopy-growth-to-acquire-the-supreme-cannabis-company/
Electric vehicle sector full of long-term opportunities - Wedbush
Wedbush Securities sees an opportunity for long-term investors in the electric vehicle sector.
Analyst Dan Ives: "While the stocks and the EV space is clearly going through a painful digestion period, we view this as a short-term pullback in a multi-year upward rally. The EV investing landscape is bigger than just the auto makers as over the coming years the Street will have an enormous ecosystem of EV battery players (QS among others), green driven EV recycle pure plays (Li-Cycle), and super charger infrastructure vendors driving this transformational market still in the early days of playing out... We forecast the EV market represents a $5 trillion TAM over the next decade with many EV OEMs/supply chain players poised to be major winners over the coming years.
Ives and team also believe stalwarts General Motors (NYSE:GM) and Tesla (NASDAQ:TSLA) will importantly see a restoration of federal EV tax credits under new legislation coming out of the Biden Administration. They think that one of the core underpinnings of the Biden platform will be around pushing clean energy and zero-emissions vehicles with hopes of accelerating the deployment of electric vehicles and ~500k public charging outlets by 2030.
$IDEX – CNN Analyst’s 12-month $5.00 Forecast
The 1 analyst offering 12-month price forecasts for Ideanomics Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +65.02% increase from the last price of 3.03.
https://money.cnn.com/quote/forecast/forecast.html?symb=idex
$IDEX – CNN Analyst’s 12-month $5.00 Forecast
The 1 analyst offering 12-month price forecasts for Ideanomics Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +65.02% increase from the last price of 3.03.
https://money.cnn.com/quote/forecast/forecast.html?symb=idex
$IDEX - Ideanomics Continues their Blockbuster Growth Reporting EV Revenue Growth of over 600% in FY 2020 #stocks #investing
https://investorintel.com/markets/cleantech/cleantech-intel/ideanomics-continues-their-blockbuster-growth-reporting-ev-revenue-growth-of-over-600-in-fy2020/
$IDEX - Ideanomics Continues their Blockbuster Growth Reporting EV Revenue Growth of over 600% in FY 2020 #stocks #investing
https://investorintel.com/markets/cleantech/cleantech-intel/ideanomics-continues-their-blockbuster-growth-reporting-ev-revenue-growth-of-over-600-in-fy2020/
Yes with IDEX more volume would move the stock higher.
CNN Analyst’s 12-month $5.00 Forecast
https://money.cnn.com/quote/forecast/forecast.html?symb=idex
CNN Analyst’s 12-month $5.00 Forecast
https://money.cnn.com/quote/forecast/forecast.html?symb=idex
$IDEX - Ideanomics Continues their Blockbuster Growth Reporting EV Revenue Growth of over 600% in FY 2020
https://investorintel.com/markets/cleantech/cleantech-intel/ideanomics-continues-their-blockbuster-growth-reporting-ev-revenue-growth-of-over-600-in-fy2020/
$IDEX - Ideanomics Continues their Blockbuster Growth Reporting EV Revenue Growth of over 600% in FY 2020
https://investorintel.com/markets/cleantech/cleantech-intel/ideanomics-continues-their-blockbuster-growth-reporting-ev-revenue-growth-of-over-600-in-fy2020/
Yes and only $3.05 Green .... which is buy imo
EV-focused fintech firm a buy now?
“Fitch believes IDEX's results will begin to recover in 2021, with sales growth of 7-8 per cent and some margin expansion, and that there is upside to IDEX's margins over time from operating leverage and as the company closely manages its expenses.”
https://capital.com/ideanomics-idex-stock-forecast-2021-2025
EV-focused fintech firm a buy now?
“Fitch believes IDEX's results will begin to recover in 2021, with sales growth of 7-8 per cent and some margin expansion, and that there is upside to IDEX's margins over time from operating leverage and as the company closely manages its expenses.”
https://capital.com/ideanomics-idex-stock-forecast-2021-2025
Yes very true JonesBur, $5 is conservative, I have seen $12 target for $IDEX`
Electric vehicle sector full of long-term opportunities - Wedbush
Wedbush Securities sees an opportunity for long-term investors in the electric vehicle sector.
Analyst Dan Ives: "While the stocks and the EV space is clearly going through a painful digestion period, we view this as a short-term pullback in a multi-year upward rally. The EV investing landscape is bigger than just the auto makers as over the coming years the Street will have an enormous ecosystem of EV battery players (QS among others), green driven EV recycle pure plays (Li-Cycle), and super charger infrastructure vendors driving this transformational market still in the early days of playing out... We forecast the EV market represents a $5 trillion TAM over the next decade with many EV OEMs/supply chain players poised to be major winners over the coming years.
Ives and team also believe stalwarts General Motors (NYSE:GM) and Tesla (NASDAQ:TSLA) will importantly see a restoration of federal EV tax credits under new legislation coming out of the Biden Administration. They think that one of the core underpinnings of the Biden platform will be around pushing clean energy and zero-emissions vehicles with hopes of accelerating the deployment of electric vehicles and ~500k public charging outlets by 2030.
Electric vehicle sector full of long-term opportunities - Wedbush
Wedbush Securities sees an opportunity for long-term investors in the electric vehicle sector.
Analyst Dan Ives: "While the stocks and the EV space is clearly going through a painful digestion period, we view this as a short-term pullback in a multi-year upward rally. The EV investing landscape is bigger than just the auto makers as over the coming years the Street will have an enormous ecosystem of EV battery players (QS among others), green driven EV recycle pure plays (Li-Cycle), and super charger infrastructure vendors driving this transformational market still in the early days of playing out... We forecast the EV market represents a $5 trillion TAM over the next decade with many EV OEMs/supply chain players poised to be major winners over the coming years.
Ives and team also believe stalwarts General Motors (NYSE:GM) and Tesla (NASDAQ:TSLA) will importantly see a restoration of federal EV tax credits under new legislation coming out of the Biden Administration. They think that one of the core underpinnings of the Biden platform will be around pushing clean energy and zero-emissions vehicles with hopes of accelerating the deployment of electric vehicles and ~500k public charging outlets by 2030.
CNN Analyst’s 12-month $5.00 Forecast
https://money.cnn.com/quote/forecast/forecast.html?symb=idex
"The 1 analysts offering 12-month price forecasts for Ideanomics Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +66.67% increase from the last price of 3.00."
CNN Analyst’s 12-month $5.00 Forecast
https://money.cnn.com/quote/forecast/forecast.html?symb=idex
"The 1 analysts offering 12-month price forecasts for Ideanomics Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +66.67% increase from the last price of 3.00."
$IDEX Reports Strong Full-year EV Sales Growth
• Ideanomics (NASDAQ: IDEX) reports full-year 2020 earnings results with $26.8M in overall revenue and $19.5M in EV revenue, up more than 600% on the prior year.
• The 2020 revenue includes the company's first sales of charging and battery systems. IDEX expects charging system revenues to grow as the WAVE inductive charging business acquired in January starts showing up in financials this quarter.
• "We are very pleased with the transformation that took place this past year," says CEO Alf Poor. "Despite a year highlighted by COVID-19, we were able to build the groundwork for 2021 and beyond for Ideanomics and we are excited for what the future holds with our recent activity across the EV ecosystem and developments in EV charging infrastructure."
$IDEX Reports Strong Full-year EV Sales Growth
• Ideanomics (NASDAQ: IDEX) reports full-year 2020 earnings results with $26.8M in overall revenue and $19.5M in EV revenue, up more than 600% on the prior year.
• The 2020 revenue includes the company's first sales of charging and battery systems. IDEX expects charging system revenues to grow as the WAVE inductive charging business acquired in January starts showing up in financials this quarter.
• "We are very pleased with the transformation that took place this past year," says CEO Alf Poor. "Despite a year highlighted by COVID-19, we were able to build the groundwork for 2021 and beyond for Ideanomics and we are excited for what the future holds with our recent activity across the EV ecosystem and developments in EV charging infrastructure."
Yes $IDEX is top stock and favorite amounts many investors.
I would expect they see a growing company with potential to be at $10-$20 / share
Ideanomics Appoints Kristen Helsel Chief Revenue Officer
https://investors.ideanomics.com/2021-04-05-Ideanomics-Appoints-Kristen-Helsel-Chief-Revenue-Officer
$IDEX Reports Strong Full-year EV Sales Growth
• Ideanomics (NASDAQ: IDEX) reports full-year 2020 earnings results with $26.8M in overall revenue and $19.5M in EV revenue, up more than 600% on the prior year.
• The 2020 revenue includes the company's first sales of charging and battery systems. IDEX expects charging system revenues to grow as the WAVE inductive charging business acquired in January starts showing up in financials this quarter.
• "We are very pleased with the transformation that took place this past year," says CEO Alf Poor. "Despite a year highlighted by COVID-19, we were able to build the groundwork for 2021 and beyond for Ideanomics and we are excited for what the future holds with our recent activity across the EV ecosystem and developments in EV charging infrastructure."
Ideanomics Company Video March 2021
Ideanomics Appoints Kristen Helsel Chief Revenue Officer
https://investors.ideanomics.com/2021-04-05-Ideanomics-Appoints-Kristen-Helsel-Chief-Revenue-Officer
$IDEX Reports Strong Full-year EV Sales Growth
• Ideanomics (NASDAQ: IDEX) reports full-year 2020 earnings results with $26.8M in overall revenue and $19.5M in EV revenue, up more than 600% on the prior year.
• The 2020 revenue includes the company's first sales of charging and battery systems. IDEX expects charging system revenues to grow as the WAVE inductive charging business acquired in January starts showing up in financials this quarter.
• "We are very pleased with the transformation that took place this past year," says CEO Alf Poor. "Despite a year highlighted by COVID-19, we were able to build the groundwork for 2021 and beyond for Ideanomics and we are excited for what the future holds with our recent activity across the EV ecosystem and developments in EV charging infrastructure."
Ideanomics Company Video March 2021
$IDEX Reports Strong Full-year EV Sales Growth
• Ideanomics (NASDAQ: IDEX) reports full-year 2020 earnings results with $26.8M in overall revenue and $19.5M in EV revenue, up more than 600% on the prior year.
• The 2020 revenue includes the company's first sales of charging and battery systems. IDEX expects charging system revenues to grow as the WAVE inductive charging business acquired in January starts showing up in financials this quarter.
• "We are very pleased with the transformation that took place this past year," says CEO Alf Poor. "Despite a year highlighted by COVID-19, we were able to build the groundwork for 2021 and beyond for Ideanomics and we are excited for what the future holds with our recent activity across the EV ecosystem and developments in EV charging infrastructure."
Ideanomics Company Video March 2021