Roman Tiraspolsky Is the EV trade in trouble? Earlier this month, Hertz (NASDAQ:HTZ) announced that it plans to sell off a third of its electric vehicle fleet, opting to buy gasoline-powered cars with some of the cash proceeds. The firm sees lower demand for EVs while repair costs for that group of vehicles have soared….
tupungato Investment Thesis Hertz Global Holdings (NASDAQ:HTZ) faces a bumpy road ahead after its ambitious push into electric vehicles failed to gain traction. Selling off nearly a third of its EV fleet represents a drastic reversal from previous pronouncements that “EVs are now mainstream.” Financial damage has already emerged through higher expenses and impairment charges….
blackCAT/E+ via Getty Images Orion S.A. (NYSE:OEC) recently delivered beneficial FCF expectations driven by lower capital expenditures and megatrend drivers like new EV vehicles or demand for batteries. OEC also looks like a buy as management continues to use cash flows to buy back shares and lower its debt levels. Besides, the recent increase in…
Geetarism We previously covered Ford Motor (NYSE:F) in September 2023, discussing its mixed prospects, attributed to the lack of EV production scale and decelerating demand, pulling down the company’s overall profitability while inflating the automaker’s unsold inventory, respectively. Combined with the uncertain results from the previous UAW strikes and impacted near-term productions, we had preferred…
mdworschak Looking for a way to profit from the reshoring of U.S. manufacturing? The transition to electrical vehicles? The broader ‘green transition’ in the economy? The boom in AI? Hammond Power Solutions (ticker OTCPK:HMDPF, abbreviated HPS) is participating in all of these trends because they make the electrical transformers and other equipment required for these…
EVS Broadcast Equipment SA (OTCPK:EVSBY) Q2 2023 Earnings Conference Call August 18, 2023 9:30 AM ET Company Participants Serge Van Herck – Chief Executive Officer Veerle De Wit – Chief Financial Officer Benoit Quirynen – Senior Vice President, Strategy Conference Call Participants Guy Sips – KBC Securities Alexander Craeymeersch – Kepler Cheuvreux David Vagman –…
The latest decision is one of many attempts by Tesla to grow its sales by all means necessary. Tesla Inc (NASDAQ: TSLA), an American automotive company, has introduced cheaper variants of some of its high-end electric vehicles (EVs) to the US market. According to a Reuters report, the decision might be in line with the…