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.
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.
XPEV up since my 1st call. Adding WKSP to my watchlist.
Hope to see this keep climbing steady.
Adding a starter.
XPEV
Tesla, Inc.‘s (NASDAQ:TSLA) China recovery could face a risk as a domestic nimble upstart has just launched a product that is selling at a fast pace.
What Happened: XPeng, Inc. (NASDAQ:XPEV) kicked off deliveries of its new low-end electric-vehicle model, Mona M03, at the Chengdu Auto Show, which is being held on Aug. 30 to Sept. 8. The company unveiled the all-electric hatchback coupe, at its 10th Anniversary Gala Night held on Tuesday.
XPeng Chairman and CEO He Xiaopeng delivered the Mona M03 to its first owners on the show floor, reported CnEVPost adding that volume deliveries of the model would begin imminently. The company reportedly said it received 30,000 firm orders in the first 48 hours of availability, with 55% of the customers under 30 years and 61% men.
The company has unveiled three variants of the electric sedan, with a starting price of 119,800 yuan (around $16,900). This is about half as much as the cost of Tesla’s cheapest made-in-China Model 3 (rear-wheel-drive variant), which is listed at 231,900 yuan on the company’s China website.
See Also: Best EV Stocks
Why It’s Important: Tesla has been facing cut-throat competition in China as the mushrooming upstart ecosystem offers a serious threat to demand. More importantly, the U.S. company is stymied by the lack of a model to cater to the lower end of the market.
Recently, Tesla extended its “zero-interest-rate” financing scheme in China to the end of September, and this was seen by analysts as a signal that the company is still struggling with demand.
Weekly insurance registration data for Tesla EVs has shown an improvement but it may have come at a cost, potentially pressuring margins further.
Price Action: In premarket trading, XPeng ADRs listed on the NYSE rose 3.43% to $8.14, according to Benzinga Pro data. The stock has been seeing some upward momentum this week on the back of a stock purchase by Xiaopeng. Tesla climbed 1.60% to $209.59.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Holding 13k shares
Tesla, Inc.‘s (NASDAQ:TSLA) China recovery could face a risk as a domestic nimble upstart has just launched a product that is selling at a fast pace.
What Happened: XPeng, Inc. (NASDAQ:XPEV) kicked off deliveries of its new low-end electric-vehicle model, Mona M03, at the Chengdu Auto Show, which is being held on Aug. 30 to Sept. 8. The company unveiled the all-electric hatchback coupe, at its 10th Anniversary Gala Night held on Tuesday.
XPeng Chairman and CEO He Xiaopeng delivered the Mona M03 to its first owners on the show floor, reported CnEVPost adding that volume deliveries of the model would begin imminently. The company reportedly said it received 30,000 firm orders in the first 48 hours of availability, with 55% of the customers under 30 years and 61% men.
The company has unveiled three variants of the electric sedan, with a starting price of 119,800 yuan (around $16,900). This is about half as much as the cost of Tesla’s cheapest made-in-China Model 3 (rear-wheel-drive variant), which is listed at 231,900 yuan on the company’s China website.
See Also: Best EV Stocks
Why It’s Important: Tesla has been facing cut-throat competition in China as the mushrooming upstart ecosystem offers a serious threat to demand. More importantly, the U.S. company is stymied by the lack of a model to cater to the lower end of the market.
Recently, Tesla extended its “zero-interest-rate” financing scheme in China to the end of September, and this was seen by analysts as a signal that the company is still struggling with demand.
Weekly insurance registration data for Tesla EVs has shown an improvement but it may have come at a cost, potentially pressuring margins further.
Price Action: In premarket trading, XPeng ADRs listed on the NYSE rose 3.43% to $8.14, according to Benzinga Pro data. The stock has been seeing some upward momentum this week on the back of a stock purchase by Xiaopeng. Tesla climbed 1.60% to $209.59.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
XPEV going nuclear. Will be another Tesla type move in a few years.
This is on par with a Tesla Model Y but better in some ways.
?
Dow Jones NewsJul 17, 10:00 AM UTC
Software Defined Vehicle Market worth USD 1,237.6 billion by 2030 | MarketsandMarkets
CHICAGO, July 17, 2024 /PRNewswire/ -- Software Defined Vehicle market size is projected to grow from USD 213.5 billion in 2024 to USD 1,237.6 billion by 2030, at a CAGR of 34.0%, according to a new report by MarketsandMarkets. There are various factors that affect the growth of demand for SDVs in the global market. Receiving over-the-air updates guarantees that customers' car software is always up to date with the newest features and vehicle security improvements. Due to the regular software upgrades can often cure issues remotely, OEMs will profit greatly from lower recall costs. Furthermore, new business models that allow for real-time car diagnostics and problem solving, such as remote diagnostics, improve maintenance process.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=187205966
Browse in-depth TOC on "Software Defined Vehicle Market"
118 - Tables
93 - Figures
238 - Pages
Software Defined Vehicle Market Scope:
Report Coverage Details ------------------------- --------------------------------------------------- Market Revenue in 2024 USD 213.5 billion ------------------------- --------------------------------------------------- Estimated Value by 2030 USD 1,237.6 billion ------------------------- --------------------------------------------------- Growth Rate Poised to grow at a CAGR of 34.0% ------------------------- --------------------------------------------------- Market Size Available for 2020--2030 ------------------------- --------------------------------------------------- Forecast Period 2024-2030 ------------------------- --------------------------------------------------- Forecast Units Value (USD Billion) ------------------------- --------------------------------------------------- Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends ------------------------- --------------------------------------------------- Segments Covered SDV Type (Semi-SDV. SDV), E/E Architecture (Distributed, Domain Centralised, Zonal Control), Vehicle Type (Passenger Car and Light Commercial Vehicle) and Region ------------------------- --------------------------------------------------- Geographies Covered Asia Pacific, North America, and Europe. ------------------------- --------------------------------------------------- Report Highlights Updated financial information / product portfolio of players ------------------------- --------------------------------------------------- Key Market Opportunities SDV platform monetization ------------------------- --------------------------------------------------- Key Market Drivers Reduced recall and manufacturing costs ------------------------- ---------------------------------------------------
SDV segment is expected to have significant growth opportunities in global Software Defined Vehicle market.
During the forecast period, SDVs are expected to have largest growth prospects. Unlike conventional vehicles, which mostly rely on predefined hardware configurations, SDVs are more flexible and adaptive in nature which allows their functionality to be upgraded and improved over time through software upgrades. Among contemporary OEMS, Tesla has been setting the standard for the switch to SDVs since 2012. Leading OEMs such as Stellantis, BMW, Volkswagen among others are currently in the transition phase, moving from Semi-SDVs to SDVs fully by 2030, including increased flexibility and agility through OTA updates that enable quick response to market demands and problem solving without necessitating physical recalls. This will reduce production costs by focusing on standardizing hardware and software differentiation. Further, it prolongs the life of automobiles by upholding software upgrades.
"China to lead the Software Defined Vehicle market in Asia Pacific."
China is the largest vehicle market in the Asia Pacific and one of the biggest automobile markets worldwide, is expected to have significant growth in the Software Defined Vehicle industry. This will be led by continuous R&D and advancement in the autonomous driving technology by local software mobility providers and sophisticated automotive ecosystems integrating cloud-native technologies. Leading OEMs and technology providers in the country are utilizing open-source platforms to develop next-generation vehicle equipped with software stacks, which enhances SDV capabilities such as driving assistance, connectivity, and digitalization. SDV providers such as NIO, Li Auto Inc., ZEEKR, XPENG Inc. among others currently provide SDVs in China. Also, these SDV providers are partnering with software mobility providers to enhance their SDV capabilities. For instance, in May 2024, XPENG partnered with TrueEV, an Australia based Electric mobility provider company. TrueEV will handle distribution and retail of XPENG vehicles in Australia, starting with the launch of the XPENG G6 SUV, built on the SEPA 2.0 platform, by the end of 2024, for global markets.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=187205966
Software Defined Vehicle Market Dynamics:
Drivers:
1. Reduced recall and manufacturing costs
Restraints:
1. Increase in risk of cyberattacks
Opportunities:
1. SDV platform monetization
Challenge:
1. Complex software updates and security patching
Key Market Players Software Defined Vehicle Industry:
Prominent players in the Software Defined Vehicle Market include Tesla (US), Li Auto Inc. (China), NIO (China), Rivian (US), XPENG Inc. (China), and ZEEKR (China) and among others.
The break-down of primary participants is as mentioned below:
-- By Company Type: Tier I -- 42%, Tier II -- 40%, and OEM --18%, -- By Designation: C-level Executives-- 57%, Directors -- 29%, and Executives -- 14% -- By Region: North America -- 39%, Europe -- 33%, and Asia Pacific -- 28%
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=187205966
Software Defined Vehicle Industry Recent Developments:
-- In June 2024, XPENG Inc. partnered with NVIDIA Corporation for the adoption of the NVIDIA DRIVE Thor platform for its next-generation EVs. This platform will power XPENG's XNGP AI-assisted driving system, enhancing intelligent driving capabilities. XPENG launched the G6 Coupe SUV, G9 SUV, and P7 Sedan equipped with NVIDIA DRIVE Orin, boasts continuously upgraded AI capabilities through over-the-air updates. -- In June 2024, XPENG Inc. launched its all-new G6 electric mid-size SUV, positioning it as a strong contender against established rivals like the Tesla Model Y in the Australian market. It is designed on XPENG's SEPA 2.0 platform. The vehicle also features bidirectional charging (V2X) with V2L support up to 3.3 kW AC, making it versatile for energy transfer to external devices. This SUV accelerates from 0 to 100 km/h in 6.9 seconds and reaches a top speed of 200 km/h, powered by a rear-wheel drive system generating 190 kW (258 PS) of total power and 440 Nm of torque. Its battery architecture operates at 800 V, and it supports up to 11 kW AC charging. -- In June 2024, Rivian launched the second generation of the R1 lineup i.e., R1S and R1T models with software-defined technology. These vehicles feature a streamlined electrical architecture, reducing ECUs from 17 to 7 and significantly cutting down wiring. The new Rivian Autonomy Platform, powered by advanced sensors and AI, enhances driving assistance capabilities. In-vehicle connectivity includes digital car keys via Apple Wallet and Google Pixel, a rich entertainment system with streaming video and Apple Music integration, and an interactive user interface powered by Unreal Engine.
Software Defined Vehicle Market Size - Key Benefits of Buying the Report:
-- The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Software Defined Vehicle market and the subsegments. -- This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. -- The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
This report provides insights on:
-- Analysis of key drivers (Reduced recall and manufacturing costs, personalized client engagement, integration of ADAS digital cockpits, and increasing adoption of 5G technology), restraints (Limited over-the-air updates and increase in risk of cyberattacks), opportunities (Remote diagnostics, Pay-per-use mobility, SDV platform monetization and Digital twin for emergency repair), and challenges (Complex software updates and security patching and risk of data breach) influencing the growth of the Software Defined Vehicle market. -- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Software Defined Vehicle market. -- Market Development: Comprehensive information about lucrative markets -- the report analyses the Software Defined Vehicle market across varied regions. -- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Software Defined Vehicle market.
17 Jul 2024, 10:00 Software Defined Vehicle Market worth USD 1,237.6 -2-
-- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Tesla (US), Li Auto Inc. (China), NIO (China), Rivian (US), XPENG Inc. (China), and ZEEKR (China), among others in the Software Defined Vehicle market.
Related Reports:
Connected Car Market - Global Forecast to 2030
ADAS Market - Global Forecast to 2030
Electric Vehicle Market - Global Forecast 2030
Autonomous / Self-Driving Cars Market - Global Forecast to 2030
Get access to the latest updates on Software Defined Vehicle Companies and Software Defined Vehicle Industry Growth
About MarketsandMarkets(TM):
MarketsandMarkets(TM) has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets(TM) is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore(TM) (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets(TM).com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website:
View original content:https://www.prnewswire.com/news-releases/software-defined-vehicle-market-worth-usd-1-237-6-billion-by-2030--marketsandmarkets-302199096.html
SOURCE MarketsandMarkets
(END) Dow Jones Newswires
July 17, 2024 06:00 ET (10:00 GMT)
Good levels to get in on this.
Keep an eye on KITT.. News Out.
PR Newswire
HOUSTON, May 13, 2024
HOUSTON, May 13, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ: KITT) today announced its financial results for the quarter ended March 31, 2024.
"We have successfully deployed Aquanaut Mark 2 in the Gulf of Mexico and tested the platform at depths greater than 1300 meters," said John W. Gibson, Jr., Nauticus' CEO and President. "We should generate daily revenue from the Aquanaut Mark 2 vehicle beginning in Q3 2024 and have a strong queue of new opportunities developing. To maximize margins, we remain committed to keeping G&A expenses low, which can be seen in our results this quarter."
Operational Highlights
-- Vehicle 2 Testing: Nauticus tested its flagship AUV Aquanaut Mark 2 (Vehicle 2) in the Gulf of Mexico during Q1 2024. The tests boosted confidence in the vehicle being capable of generating daily revenue in Q3 2024 from existing contracts. -- Vehicle 1 Assembly: Given the successful testing of Vehicle 2, final assembly was initiated on Vehicle 1. The testing of Vehicle 1 is expected to begin in Q2 with Florida Atlantic University. This is expected to reduce Nauticus' monthly certification cost by up to 90%. The goal is to put Vehicle 1 in service with Vehicle 2 during Q4 2024. -- Vehicle 3 Assembly: Vehicle 3 is pending assembly. Assembly and staffing for deployment for Vehicle 3 will be initiated when both Vehicle 1 and Vehicle 2 are generating revenue. -- Day rates: Day rates for services including the vessel, personnel, and Aquanaut vehicle are expected to be between $25,000 and $70,000 depending on the depth, duration, and distance from shore. -- Software Platform Commercialization: Nauticus has added Jason Close, an experienced executive in bringing complex software products to market. Jason's specialty is increasing enterprise value though the commercialization of complex software platforms.
Financial Results
-- Revenue: Nauticus reported first-quarter revenue of $0.5 million, compared to $2.8 million for the prior-year period and $1.1 million for the prior quarter. Q1 marks the first time that Nauticus has recognized revenue from commercial sources, an important step in reducing dependence on historical defense revenues. -- Operating Expenses: Total expenses during the first quarter were $6.0 million, a $2.6 million decrease from the prior-year period, and a $29.3 million decrease from Q4 2023. -- Impairment Charges: In Q1 2024 Nauticus reported $0 in impairment charges for property plant and equipment compared to $25.4 million in Q4 2023. -- Net Income: For the first quarter, Nauticus recorded net income of $0.4 million, or $0.01 per basic earnings per share. This compares with a net loss of $14.1 million from the same period in 2023, and a net loss of $39.5 million in the prior quarter. -- Adjusted Net Loss: Nauticus reported adjusted net loss of $7.4 million for the first quarter, compared to $10.7 million for the same period in 2023. Adjusted net loss is a non-GAAP measure which excludes the impact of certain items, as shown in the non-GAAP reconciliation table below. -- 2024 G&A Cost: Nauticus reported G&A first-quarter costs of $3.4 million, which is a decrease of $1.8 million compared to the same period in 2023. This includes a non-cash stock compensation expense of $0.5 million and non-recurring legal fees of $0.4 million.
Balance Sheet and Liquidity
-- As of March 31, 2024, the Company had cash and cash equivalents of $6.2 million, compared to $0.8 million as of December 31, 2023. -- In Q1, the Company closed additional financing of $13.3 million to provide liquidity needed for operations and testing.
Conference Call Details
Nauticus will host a conference call on May 14, 2024 at 9:00 a.m. Central Daylight Time (10:00 a.m. EDT) to discuss its results for the quarter March 31, 2024. To participate in the earnings conference call, participants should dial toll free at 800-225-9448, conference ID: KITT, or access the listen-only webcast at the following link: https://events.q4inc.com/attendee/621212712. A link to the webcast will also be available on the Company's website (https://ir.nauticusrobotics.com/). Following the conclusion of the call, a recording will be available on the Company's website.
About Nauticus Robotics
Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus' approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus' services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.
PR Newswire
HOUSTON, May 13, 2024
HOUSTON, May 13, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ: KITT) today announced its financial results for the quarter ended March 31, 2024.
"We have successfully deployed Aquanaut Mark 2 in the Gulf of Mexico and tested the platform at depths greater than 1300 meters," said John W. Gibson, Jr., Nauticus' CEO and President. "We should generate daily revenue from the Aquanaut Mark 2 vehicle beginning in Q3 2024 and have a strong queue of new opportunities developing. To maximize margins, we remain committed to keeping G&A expenses low, which can be seen in our results this quarter."
Operational Highlights
-- Vehicle 2 Testing: Nauticus tested its flagship AUV Aquanaut Mark 2 (Vehicle 2) in the Gulf of Mexico during Q1 2024. The tests boosted confidence in the vehicle being capable of generating daily revenue in Q3 2024 from existing contracts. -- Vehicle 1 Assembly: Given the successful testing of Vehicle 2, final assembly was initiated on Vehicle 1. The testing of Vehicle 1 is expected to begin in Q2 with Florida Atlantic University. This is expected to reduce Nauticus' monthly certification cost by up to 90%. The goal is to put Vehicle 1 in service with Vehicle 2 during Q4 2024. -- Vehicle 3 Assembly: Vehicle 3 is pending assembly. Assembly and staffing for deployment for Vehicle 3 will be initiated when both Vehicle 1 and Vehicle 2 are generating revenue. -- Day rates: Day rates for services including the vessel, personnel, and Aquanaut vehicle are expected to be between $25,000 and $70,000 depending on the depth, duration, and distance from shore. -- Software Platform Commercialization: Nauticus has added Jason Close, an experienced executive in bringing complex software products to market. Jason's specialty is increasing enterprise value though the commercialization of complex software platforms.
Financial Results
-- Revenue: Nauticus reported first-quarter revenue of $0.5 million, compared to $2.8 million for the prior-year period and $1.1 million for the prior quarter. Q1 marks the first time that Nauticus has recognized revenue from commercial sources, an important step in reducing dependence on historical defense revenues. -- Operating Expenses: Total expenses during the first quarter were $6.0 million, a $2.6 million decrease from the prior-year period, and a $29.3 million decrease from Q4 2023. -- Impairment Charges: In Q1 2024 Nauticus reported $0 in impairment charges for property plant and equipment compared to $25.4 million in Q4 2023. -- Net Income: For the first quarter, Nauticus recorded net income of $0.4 million, or $0.01 per basic earnings per share. This compares with a net loss of $14.1 million from the same period in 2023, and a net loss of $39.5 million in the prior quarter. -- Adjusted Net Loss: Nauticus reported adjusted net loss of $7.4 million for the first quarter, compared to $10.7 million for the same period in 2023. Adjusted net loss is a non-GAAP measure which excludes the impact of certain items, as shown in the non-GAAP reconciliation table below. -- 2024 G&A Cost: Nauticus reported G&A first-quarter costs of $3.4 million, which is a decrease of $1.8 million compared to the same period in 2023. This includes a non-cash stock compensation expense of $0.5 million and non-recurring legal fees of $0.4 million.
Balance Sheet and Liquidity
-- As of March 31, 2024, the Company had cash and cash equivalents of $6.2 million, compared to $0.8 million as of December 31, 2023. -- In Q1, the Company closed additional financing of $13.3 million to provide liquidity needed for operations and testing.
Conference Call Details
Nauticus will host a conference call on May 14, 2024 at 9:00 a.m. Central Daylight Time (10:00 a.m. EDT) to discuss its results for the quarter March 31, 2024. To participate in the earnings conference call, participants should dial toll free at 800-225-9448, conference ID: KITT, or access the listen-only webcast at the following link: https://events.q4inc.com/attendee/621212712. A link to the webcast will also be available on the Company's website (https://ir.nauticusrobotics.com/). Following the conclusion of the call, a recording will be available on the Company's website.
About Nauticus Robotics
Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus' approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus' services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.
Holding 25mil SHIB its deffinetly consolidating. Lets hope it blasts off the rest of the year. If not, oh well.
HC Wainwright Reaffirms Buy on Fusion Fuel Green, Sets $3.5 Price Target
HC Wainwright has reaffirmed its buy rating on Fusion Fuel Green (HTOO) and set a $3.5 price target. This news comes after the company's second quarter 2023 investor update, in which it announced several green hydrogen projects and a contract with a Spanish customer. HC Wainwright analyst Amit Dayal, who covers the energy sector, maintains a 25.9% average return and a 35.87% success rate on recommended stocks.
The current analyst consensus on Fusion Fuel Green is a moderate buy, with an average price target of $5.25. The company has a one-year high of $7.82 and a one-year low of $1.42, with an average volume of 145.1K. Fusion Fuel Green is a blank check company focused on the hydrocarbon logistics and processing industries.
According to TipRanks, Fusion Fuel Green has a target price consensus of $4.67, with an average rating of buy. This is based on the opinions of 3 analysts, with a high estimate of $6.00 and a low estimate of $3.00. The company has also submitted three green hydrogen projects to the Spanish H2 Pioneers II Program, indicating its commitment to the green hydrogen market.
Overall, the reaffirmation of the buy rating by HC Wainwright and the positive news from the company's second quarter update suggest that Fusion Fuel Green may be a promising investment opportunity. However, as with any stock, investors should conduct their own research and consider their own risk tolerance and investment goals before making any decisions.
Price held up nicely today.
Most companies starting out are the same. The operating costs going down is positive. The alure here is the electrolyzer tech they are bring to market. And multiple revenue streams. Contacts with toyota ect. That means that things are on track to make 2024 a huge turnaround story. I have $10k parked here and was lucky enough to find this after the big move to $3. I have been adding at lower levels. I have others that I flip this one I think will see much much higher levels later this year. I think $2 will seem like a steal in 6mo. JMHO of course.
HTOO Earnings Update
Key Highlights
-- Entered into green hydrogen offtake agreements with Dourogas and Hydrogen Ventures -- Entered into partnership agreements with Toyota Material Handling España, Duferco Energia, and Elemental Clean Fuels -- Awarded EUR17 million in project grant funding -- Commercialized turnkey, modular HEVO-Chain solution for a global leader in the building materials industry -- Headcount has reduced by 30% from highest point in 1Q23; operating costs have reduced 22% year over year -- Published inaugural ESG Report -- Recognized first revenues; cumulatively booked EUR4 million in 2023 -- Received two orders for 1.25 MW HEVO-Chain green hydrogen systems to be delivered to projects in Portugal in 2024 -- Signed securities purchase agreement with Belike Nominees Pty Ltd., a Macquarie Group Company
Subsequent Events
-- Received notification of IPCEI approval from European Commission for 630 MW HEVO-Portugal Project -- Raised EUR6 million from at-the-market program to strengthen capital position -- Awarded EUR1.015 million grant from European Commission as part of H2tALENT consortium
Fusion Fuel will host a live conference call and webcast today, March 6, 2024.
-- Time: 10:00am ET / 3:00pm WEST -- Participant Dial-In: +1 (312) 248-9348 -- Participant ID: 033156 -- Participant Passcode: 8266 -- Webcast registration page: https://www.bigmarker.com/inscricao/Q4-Update-Fusion-Fuel
This is all good news!!
Relatively low volume increases in price is a good indicator that smart money is loading HTOO for a much stronger leg up. My target is still $7 - $12 by May.
Good news out today. Already gapped up.
I'm hoping for more big updates next week. We're at a good level to average down a little.
Good level to add more. Big News coming soon.
Latest News on $KITT
Should be getting a huge update soon on the testing of Nauticus' flagship robot, the Aquanaut.
They also have contracts lined up with major oil and gas companies in the Gulf of Mexico.
Huge Money$$
Nauticus Robotics Raises $12M in Funding to Execute 2024 Goals, including Industry-changing 'Augmented Autonomy' for Subsea Robots
PR Newswire
HOUSTON, Feb. 5, 2024
HOUSTON, Feb. 5, 2024 /PRNewswire/ -- Nauticus Robotics (NASDAQ: KITT), a leading developer of subsea robots and software, announces securing over $12M net today, part of a second tranche of investment.
The new investment will expedite certification of Nauticus' flagship robot, the Aquanaut, which facilitates the transformation of tethered ROV operations to fully autonomous operations. It is expected to perform numerous tasks in water depths ranging from 200 - 2000+ meters during February in preparation for an inaugural job inspecting a deep-water production facility of a major oil and gas company in the Gulf of Mexico.
The new investment comes only weeks after the company announced a change in leadership, including a new CEO, CFO and lead General Counsel.
Since becoming the President of Nauticus in October, John Gibson has been assessing the go-to-market strategy and said "the market sees our potential and supports our vision of delivering full autonomy to subsea operations -- however, the diffusion rate of our solutions requires a significant shift from the current paradigm of human operations to autonomous operations. To eliminate the inertia to change, we recast our vision. We realized the fastest path to full autonomy would be through the deployment of 'tethered/augmented autonomy.' This allows the customer and operators to retain the ability to intervene while simultaneously allowing Nauticus to gather the operational data needed to train our fully autonomous solutions for the future."
This is possible because our software architecture is platform independent and can be used on all subsurface vehicles and has already been deployed on several competitor vehicles for defense-related work. This enables the company to become a multi-platform operating system for a vast array of vehicles already deployed. The forecasted efficiency improvements for existing platforms using 'tethered autonomy' will exceed 20%, while simultaneously reducing emissions and increasing safety for all subsea robots.
"What Nauticus has planned can truly revolutionize the entire industry -- and I don't use that term lightly. We can now normalize performance of ROV operators because you will no longer have disparities between skill levels of employees. This obviously provides substantial safeguards to any company using this technology" said Sean Halpin, Head of Autonomous Solutions.
"We are creating a win-win situation for ROV operators. We are not asking them to give up complete control. These robots are not replacing jobs, but instead are making them both easier and more reliable", said Chuck Claunch, Co-head of Software Solutions.
"It's not dissimilar to when pilots first needed to adjust to automation in the airline industry -- they didn't lose their jobs -- they gained more reliable support to enjoy them," said Paul Dinh, Co-head of Software Solutions.
The board added that while they are investing heavily into commercialization, they are also actively working to minimize G&A costs. Changes to align board cost with the current forecast are underway.
In addition, the board has retained Piper Sandler & Co. to assist in the evaluation of strategic options to maximize shareholder value and the acquisition of 3D At Depth.
Media Contact:
Narwhal Media Group
Jennifer Gooding
jgooding@narwhalmediagroup.com
$KITT Trying to Gap and run today.
$KITT Gap and run back to a dollar..
Gap up on $KITT
$HTOO up over 10% today.
Good action this morning on $HTOO hope more added at the lower levels.
Adding $HTOO
Adding $HTOO
This premarket selloff tells me we need a new catalyst to get $HTOO moving again.
$HTOO consolidation above 2$. Adding For a huge breakout.
$HTOO consolidation above 2$. Adding for a huge breakout.
$HTOO consolidation above 2$. Adding For a huge breakout.
I'll be adding largely again below 2$. I can sit on it until the next rip to $5+.
$HTOO - Please Share News and Info.
Price Target of $10 - $15 on HTOO
Fusion Fuel Receives Notification of IPCEI Approval from European Commission for 630 MW HEVO
https://www.globenewswire.com/Tracker?data=XuT-mCnCrRFSQ1DXZ5uogfzklSHJyqdFnoYTzP94li7U9VPg_JAUtQcmIg_DY0ifUf_anxI6ywIyMSA5MIlQnLzPycnWEpomsEgBnd5BjH4=
Hydrogen is key to Hyundai Motor Group's RE100 targets of using only renewable energy in overseas factories by 2045 and in every group entity by 2050. Hyundai says it was the first mass producer of fuel cell EVs and is the top seller of hydrogen-powered vehicles. Under the HTWO brand — a play on the abbreviation for the hydrogen molecule — which now encompasses all of its hydrogen efforts, the company aims to eliminate 3 million tons of carbon emissions per year by 2035.
https://europe.autonews.com/ces/ces-2024-hyundai-lays-out-full-scale-hydrogen-ambitions?adobe_mc=MCMID%3D59583301448110210312053617429624213601%7CMCORGID%3D138FFF2554E6E7220A4C98C6%2540AdobeOrg%7CTS%3D1708489157&CSAuthResp=1%3A%3A1574946%3A20608%3A24%3Asuccess%3AFA81B739A29F8762EF7FF25D339A3F4F
Toyota's New Hydrogen Engine!
https://www.topspeed.com/toyotas-hydrogen-combustion-engine-has-the-potential-to-make-evs-obsolete/
Toyota expects Europe to be one of the world’s largest hydrogen fuel cell markets by 2030, with steady acceleration of different mobility and power generation applications. Growing investment and regulatory measures are encouraging development and market growth.
https://newsroom.toyota.eu/toyota-hydrogen-factory-scaling-up-its-european-activities/#:~:text=Toyota%20expects%20Europe%20to%20be,encouraging%20development%20and%20market%20growth.
https://myelectricsparks.com/yamaha-introduces-worlds-first-hydrogen-powered-outboard-engine-miami-boat-show/
$HTOO - Please Share News and Info.
Price Target of $10 - $15 on HTOO
Fusion Fuel Receives Notification of IPCEI Approval from European Commission for 630 MW HEVO
https://www.globenewswire.com/Tracker?data=XuT-mCnCrRFSQ1DXZ5uogfzklSHJyqdFnoYTzP94li7U9VPg_JAUtQcmIg_DY0ifUf_anxI6ywIyMSA5MIlQnLzPycnWEpomsEgBnd5BjH4=
Hydrogen is key to Hyundai Motor Group's RE100 targets of using only renewable energy in overseas factories by 2045 and in every group entity by 2050. Hyundai says it was the first mass producer of fuel cell EVs and is the top seller of hydrogen-powered vehicles. Under the HTWO brand — a play on the abbreviation for the hydrogen molecule — which now encompasses all of its hydrogen efforts, the company aims to eliminate 3 million tons of carbon emissions per year by 2035.
https://europe.autonews.com/ces/ces-2024-hyundai-lays-out-full-scale-hydrogen-ambitions?adobe_mc=MCMID%3D59583301448110210312053617429624213601%7CMCORGID%3D138FFF2554E6E7220A4C98C6%2540AdobeOrg%7CTS%3D1708489157&CSAuthResp=1%3A%3A1574946%3A20608%3A24%3Asuccess%3AFA81B739A29F8762EF7FF25D339A3F4F
Toyota's New Hydrogen Engine!
https://www.topspeed.com/toyotas-hydrogen-combustion-engine-has-the-potential-to-make-evs-obsolete/
Toyota expects Europe to be one of the world’s largest hydrogen fuel cell markets by 2030, with steady acceleration of different mobility and power generation applications. Growing investment and regulatory measures are encouraging development and market growth.
https://newsroom.toyota.eu/toyota-hydrogen-factory-scaling-up-its-european-activities/#:~:text=Toyota%20expects%20Europe%20to%20be,encouraging%20development%20and%20market%20growth.
https://myelectricsparks.com/yamaha-introduces-worlds-first-hydrogen-powered-outboard-engine-miami-boat-show/
$HTOO held up very well today. Good sign that things are on a slow upward march.