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.
Price looks promising! Somebody knows something. :)
Not sure the price is correct in my account. Did this price open in the $50s and drop to 18s? Little perplexed on the price right now?
BFT, PIC, BTWN all poised to spike.
BFT is the biggest opportunity merging with paysafe.
PIC will be going public this week and BTWN upon confirmation of its going public with Tokopedia will be huge.
That and the Cramer from Mad money review on Friday. Highlighted the company in a good light and showed it has real earnings not a Nicola type pie in the sky stock.
https://www.cnbc.com/video/2020/12/18/jim-cramer-recommends-xl-fleet-ev-company-going-public-via-spac.html
Monday is the big day!
Pivotal Announces Effectiveness of Registration Statement and Annual Meeting of Stockholders to Approve Proposed Merger With XL Fleet to Be Held December 21, 2020
Upon Closing, Combined Company Stock and Warrants Will Trade on NYSE Under "XL" and "XL WS" Ticker Symbols
Has to come to fruition but when it does this will be tremendous.
https://www.bloomberg.com/news/articles/2020-12-16/tokopedia-picks-morgan-stanley-and-citi-to-manage-debut-listing?utm_source=url_link
Excellent points. Colorado is pushing for that as well. Which is where Gevo is so it’s positioned in the correct state. This time next year $2 could be a distant memory.
Keep in mind that green new deal is contingent on them winning Georgia’s senate seats. Then it’s off to the races on anything green including pot. Haha.
Thinking this could be a good buying opportunity at these levels. Added a few more.
4:07p ET 12/11/2020 - Benzinga
Medium-Duty Electric Vehicle Share Leader Lightning eMotors Going Public In SPAC Deal
Mentioned: AMZN BP BWA F HYLN NKLA PIC PLUG RMG
Lightning eMotors is going public via the SPAC GigCapital3 (NYSE: GIK). The deal values Lightning eMotors at $650 million.
The new company will trade on the NYSE as "ZEV" when the deal is completed in the first half of 2021.
About Lightning eMotors: Operating in the U.S. commercial medium-duty EV market, Lightning eMotors is the market share leader in the Class 3 to Class 7 markets and has a 50% share in the Class 3 to Class 6 market.
Lightning eMotors is the only company that has delivered electric vehicles for each of the Class 3, Class 4, Class 5, Class 6 and Class 7 segments.
Among the company's customers are Amazon.com (NASDAQ: AMZN), DHL, CBRE, Praxair, Winnebago and Cox Enterprises.Partners for Lightning eMotors include Ford Motor Company (NYSE: F), BorgWarner Inc (NYSE: BWA), Plug Power Inc (NASDAQ: PLUG) and BP (NYSE: BP), who is also an investor in the company. The company has a three-year battery partnership with Romeo Power, which is going public via SPAC RMG Acquisition Corp (NYSE: RMG).
Lightning eMotors owns an energy-as-a-service segment, Lightning Energy, that has patented mobile charging. The company also has Lightning Capital, an EV-as-a-service segment providing financing for potential customers.
Related Link: Electric Last Mile SPAC Merger: What Investors Should Know
Financials: Lightning eMotors says it has high revenue visibility, with 100% of projected 2021 revenue coming from vehicles that were already ordered.
Twenty-five percent of fiscal 2022 is also from firm orders.
For fiscal 2020, the company expects $9 million in revenue. That figure Is expected to grow to $63 million and $354 million in the next two respective fiscal years.
By 2025, the company sees revenue hitting $2 billion. Revenue is seen growing at a compounded annual growth rate of 195% from 2020 to 2025.
Unit deliveries are expected to increase from 78 in fiscal 2020 to 20,000 by fiscal 2025.
The company's path to profitability sees positive EBITDA in fiscal 2022.
Growth Ahead: The company sees a total addressable market of $67 billion. Lightning eMotors has a backlog of over 1,500 orders.
The company has manufacturing capabilities of 1,000 units annually now and the ability to scale this to 20,000 units by 2025.
The current customers for Lightning eMotors together operate 500,000 vehicles, which could set the company up nicely for future sales.
Competition: According to the investor presentation, Lightning eMotors has a two-year head start in customer validation for the market. The company has over 120 vehicles already on the road.
The company says it is miles ahead of Hyliion Holdings Corp (NYSE: HYLN), Nikola Corporation (NASDAQ: NKLA) and XL Fleet, which is merging with Pivotal Investment Corporation II (NYSE: PIC).
These competitors are only starting to validate their zero-emission vehicle models in 2023, according to the company.
Price Action: Shares of GigCapital3 gained 1.36% Friday, closing at $12.70.
Shares traded up double digits in the pre-market session.
Disclosure: Author is long GIK, HYLN and PIC.
December 11, 2020
XL Fleet Launches Pilot Program with Essential Utilities, Inc. to Electrify its Utility Fleet
Leading Water/Wastewater/Natural Gas Corporation Serving 5 Million People Across 10 States is Deploying XL Fleet’s Hybrid Electric Drive System on its Most Popular GM Fleet Vehicles After Successful Trial
BOSTON, December 11, 2020 – XL Fleet (the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced that Essential Utilities, Inc. (“Essential”) (NYSE: WTRG), one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands, is launching a pilot program to electrify its two most popular commercial GM vehicle platforms with the XLH™ hybrid electric drive system.
The initial pilot will include installing an XL Fleet hybrid system onto a GMC Sierra 2500 HD pickup truck and GMC Savanna Express van, two of Essential’s most widely deployed vehicles in its water and natural gas divisions for applications including Customer Service, Field Service, and Distribution. Essential, headquartered in Bryn Mawr, PA, deploys a fleet of approximately 2,500 of these vehicles across 10 states. If the pilot is successful on the first two platforms, Essential plans on electrifying a larger percentage of its fleet with XL Fleet’s hybrid and plug-in hybrid electric drive systems beginning in 2021.
“Essential has a strong and growing commitment to sustainability, and XL Fleet’s hybrid system provides an innovative way for us to reduce emissions without sacrificing the mission-critical performance of our fleet vehicles,” said Charles Stevenson, Vice President of Fleet Operations at Essential. “I personally drove XL Fleet’s hybrid-equipped Silverado 3500 HD demo unit during our preliminary trial and recorded a fuel economy improvement of well over 30%, which is impressive for a vehicle of that size and weight. If this pilot program is successful, we will be able to substantially reduce our fuel costs and lower emissions by scaling our deployment of these vehicles starting next year.”
“XL Fleet’s electrified powertrain technology is a perfect fit for companies like Essential, who are looking to immediately electrify their fleet vehicles, but also have demanding drive cycles and performance requirements that need to be met,” said Brian Piern, Vice President of Sales and Marketing at XL Fleet. “We are excited to be partnering with Essential as they begin their journey toward a more sustainable fleet.”
Business Combination Update
XL Fleet remains on track to complete its previously announced merger agreement with Pivotal Investment Corporation II (NYSE: PIC), a publicly traded special purpose acquisition company, by the end of December 2020. Upon closing, the combined company will be named XL Fleet Corp. and its common stock and warrants will remain listed on the New York Stock Exchange under new ticker symbols, “XL” and “XL WS”, respectively.
Shakeout of weak hands and profit takers. My opinion is that I’m confident it’ll level and power up as the day goes on especially into the close.
Shakeout before big news? Always suspicious of these types of moves for no reason.
BFT. Next paypal and only $13s before the spac merger.
BFT. No way this will not be a double. Check it out. I added more today and some in the morning if I can get it.
Now it gets interesting...
Is my math off by calculating the value being stated on this deal at $9 billion , and them having 183.4 million shares that puts the value per share at $40? Could be a triple in due time? I like it!
Once Citron gets out of the way it can stabilize.
Also; 2020-12-08 16:12:00 GMT DJ Luminar Technologies Price Target Announced at $41.00/Share by Northland Capital Markets
Lots of attention and volume again. Shaking out profit takers.
BFT could get interesting in the next few days. Spac with Paysafe.
Paysafe Goes Public Again In SPAC Deal: What Investors Should Know
Mentioned: BFT DKNG GOOG GOOGL SPOT
One of the largest SPAC deals to date was announced Monday, with online payments company Paysafe going public.
The Transaction: Paysafe is going public via SPAC Foley Transimene Acquisition Corp II (NYSE: BFT). The deal values Paysafe at an enterprise value of $9 billion. The deal includes a PIPE of $2 billion, with Fidelity among the investors in the deal.
The new company will trade as "PSFE" on the NYSE.
Bill Foley, the chairman of the SPAC, will become the chairman of Paysafe's board of directors. He's the chairman of Fidelity and former CEO of the company.
Foley has a strong history of value creation, having led five separate multibillion-dollar public market platforms that completed over 100 acquisitions.
Related Link: Exclusive: Stephen Weiss Talks Jumia-Amazon Comparisons, JumiaPay Becoming Square Of Africa
About Paysafe: Paysafe is a leading global payments provider focused on digital commerce and iGaming transactions.
Paysafe holds the No. 2 market share position in the global digital wallet market. The company's digital wallet is in over 120 markets and has customers like DraftKings Inc (NASDAQ: DKNG) and William Hill. The company has 3.8 million active users for its digital wallet segment.
Paysafe is No. 1 in the iGaming eCash network segment. Customers for this segment include Fortnite, Twitch and Spotify Technologies (NYSE: SPOT).
In the independent merchant market, Paysafe holds the No. 4 market share position and helps with POS and e-commerce for small businesses.
Paysafe also lists Roblox (NYSE: RBLX) and YouTube, owned by Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) as customers.
Paysafe was taken private by Blackstone and CVC in 2017 in a $4.7-billion deal.
Financials: The company estimates that its 2021 payment volume will hit $103 billion. Revenue of $1.5 billion is estimated for fiscal 2021 by the company. Paysafe said revenue will grow at a compounded annual growth rate of 11% from 2020 to 2023.
The digital wallet segment is expected to have $441 million in revenue for 2021 with a 1.9% take on transactions. This represents 29% of the company's 2021 revenue.
The eCash segment has 12 million active users and $5 billion in payment volume. This segment has a take of 6.8% and is expected to have 2021 revenue of $318 million.
The integrated processing segment has over $75 billion in payment volume and a 1% take. This segment is expected to have revenue of $764 million in fiscal 2021, representing 50% of the company's total.
Growth: The deal is expected to help Paysafe accelerate growth, enhance margins and build out with mergers and acquisitions.
Paysafe also sees the ability to unlock $100 million in adjusted EBITDA from organic revenue and cost savings.
The company sees more wins coming in the iGaming segment as more states legalize online sports betting and iGaming.
Price Action: Shares of Foley Trasimene Acquisition Corp II were trading 15.36% higher to $12.24 at last check Monday.
Hi all, found this today on MarketWatch, street, and buttonwood tree. Had to join you guys as the backer on this is impressive. Loved my run on Palantir and have a similar feeling on this one. Let’s kick this to $20 at least. GLTYa
PIC expected to bring the spac on Dec 18th. Good movement today and options are showing even higher.
Added a little more earlier. Glad I did. It’ll be interesting to see where this lands by end of next week. Let’s hope it’s well received like others recently!
Tough call today after it topped, it fell hard but held at $2. Lot of profit takers but lots of new holders too. The potential is fantastic if the senate goes blue in Georgia in January. Otherwise think this may consolidate or drift until the P/E catches up. $190k in sales last quarter makes this lofty until they report the $1.5Bil in contract per the reports. If there’s a short squeeze all bets are off. Wonder if that was part of today’s action?
I do think it’ll go up regardless, especially with additional states coming online this year, going up regardless of who wins, but if a particular party wins this is the best one to own.
Anyone else try to short with TD when this was in the 70s and get denied? What a racket.
Short and sweet sadly. Back to the $2s. Do a couple more of those runs and maybe it’ll set up for a sustained rally. I just hope they aren’t diluting.
Not even sure how this is possible but TDA says the short interest as of 5/31/19 is at 89.59%.
If that’s true, nearly anything could blow this up. Might be time to reconsider a position again. Got my @zz handed to me on this one from 7s to almost 4 so that’d be some good redemption if we could trust anything from a Chinese stock. Would suck just as bad to go from 2.5 to 1.25 and that’s not as far to fall this time. Hummmm. 50 mil in volume is ticking up.
Sen. Chris Van Hollen is pushing bipartisan legislation that would require increased oversight of Chinese companies whose stocks trade in the United States and are collectively valued at more than $1 trillion.
The Maryland Democrat told CNBC on Thursday that, like all companies with shares on U.S. exchanges, Chinese firms should be held to the same U.S. standards of transparency and accountability.
“This is important to protect the integrity of U.S. exchanges and U.S. investors,” said Van Hollen, co-sponsor with Republican Sen. John Kennedy from Louisiana of the Holding Foreign Companies Accountable Act.
Last week, senators including Republican Marco Rubio of Florida and Democrat Kirsten Gillibrand of New York introduced a similar bill. Gillibrand is one of the many candidates seeking her party’s 2020 presidential nomination. Rubio unsuccessfully sought the GOP nomination for president in 2016.
“Why would we want to expose U.S. investors to the possibility of being defrauded by one country?” Van Hollen asked rhetorically on CNBC. China is the “only country that is not playing by the rules.” The Van Hollen-Kennedy bill would give Chinese companies three years to come into compliance with U.S. standards.
In a letter Wednesday to U.S. Trade Representative Robert Lighthizer, Van Hollen and Kennedy asked that any U.S.-China trade deal include conditions requiring Chinese companies listed in the U.S. to comply with U.S. auditing and reporting requirements.
Van Hollen told “Squawk Box” on Thursday he has not heard back from Lighthizer.
The senator said he’s trying to “elevate” this issue before President Donald Trump goes to the G-20 meeting at the end of the month in Japan, where he hopes to meet with Chinese President Xi Jinping.
Officials in the Trump administration have expressed optimism toward an agreement between Washington and Beijing, though many have said the G-20 meeting will only lay the groundwork for a potential deal.
“Eventually, this will end in negotiation,” Commerce secretary Wilbur Ross told CNBC on Tuesday. “Even shooting wars end in negotiations.”
Doubt it’ll take months at this rate it’ll be Tuesday or Wednesday. Worst trade and stock I’ve ever come across. Maybe when it bounces it’ll be viable but I see no near term catalyst to make that happen. We’ve been suckered...
It was a total sham. The 60 minutes was the biggest prop on this one. I got suckered too. Waiting to hit the $1s or low $2s before I think about dabbling again.
I sadly agree with you. The tariffs were a death nail and who knows what dilution is taking place. My worst trade in years. Hoping to catch the bottom if we get into the $2s
Totally right there with you. Luckily took my lumps at 5$. Now waiting for $2s. Trade war and shorts are killing any chance of rally. A great report will help but a bad and this is $1 bound.
Going to get back in when we hit $3 or less. The selling is relentless and unless the sales numbers are amazing the tariffs are going to crush it further. Hope I’m wrong but so far it’s not looking good...
News Release
NIO Inc. to Report First Quarter 2019 Financial Results on Tuesday, May 28, 2019
May 15, 2019 at 5:00 AM EDT
PDF Version
SHANGHAI, China, May 15, 2019 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced that it will report its first quarter 2019 unaudited financial results on Tuesday, May 28, 2019, before the open of the U.S. markets.
The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 28, 2019 (8:00 PM Beijing/Hong Kong time on May 28, 2019).
Dial-in details for the earnings conference call are as follows:
United States: +1-845-675-0437
International: +65-6713-5090
Hong Kong: +852-3018-6771
Conference ID: 1251815
Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com.
A replay of the conference call will be accessible by phone approximately two hours after the conclusion of the live call at the following numbers, until June 5, 2019 08:59 AM ET:
United States: +1-646-254-3697
International: +61-2-8199-0299
Hong Kong: +852-3051-2780
Conference ID: 1251815
About NIO Inc.
NIO Inc. is a pioneer in China’s premium electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater high-performance premium electric SUV, in China in June 2018, and its variant, the 6-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and plans to make the first batch of deliveries of ES6 in June 2019.
For investor and media inquiries, please contact:
NIO Inc.
Investor Relations
Tel: +86-21-6908-3681
Email: ir@nio.com
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: nio@tpg-ir.com
Ross Warner
Tel: +86-10-5730-6201
Email: nio@tpg-ir.com
TDA has the short at 73.5% of the stock is sold short as of 4/30.
If there is ANY good news this could be a rediculous short squeeze. Problem is where is that good news going to come from? Staying in for now but damn hard to do...
Good start. Let’s hope for some good numbers when they report and some amazing response to the next released car at the attractive price point. Would be great to see the shorts blown out.
According to Ameritrade on April15 - 71% of float was the percentage of shares shorted. Could be a heck of a covering on any good news.
Chinese auto stocks soar
Apr. 17, 2019 2:05 PM ET|About: BYD Company Limited (BYDDF)|By: Clark Schultz, SA News Editor
Shares of Nio (NYSE:NIO) are up 4.0% amid reports that China may cut down on automobile license restrictions in major cities.
Sources say new subsidies for new energy vehicles could also be instituted.
China's National Development and Reform Commission hasn't confirmed the report.
Great Wall Motors (OTCPK:GWLLF) was up 9.9% today in Hong Kong and BYD (OTCPK:BYDDF) was 13.7% higher, while Dongeng Motors (OTCPK:DNFGF, OTCPK:DNFGY) posted a 6.2% gain. Geely Automobile soared 12.8%.
As of 3/29 according to Ameritrade almost 51% of the shares are shorted.... now if there is ANY good news this could rocket to the moon on covering. That’s insanely high is it not?