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( Pexels ) In general, 2020 has been an awful year for manufacturing firms as the business has ground to a halt due to a lack of new orders and occasional production shortages. In the U.S., vehicle sales have been down 30-50% with similar declines in most of the world. Since most automobile ...
Most Wall Street players are, for good reason, very bullish on the emerging electric vehicle market. It’s not hard to see why considering industry research firm MarketsandMarkets forecasts 21.1% CAGR from 3.27 million EVs in 2019 to 26.95 million units by 2030. To that point, leading...
Document Security Systems (NYSEMKT: DSS ) +69% after its target acquisition Company, Impact Biomedical reports positive results of equivir and linebacker for treatment of COVID-19. More news on: Document Security Systems, Inc., Infinity Pharmaceuticals, Inc., Dolphin Entertainment...
National General Holdings (NASDAQ: NGHC ) +66% on being acquired by Allstate. More news on: National General Holdings Corp., NanoViricides, Inc., Intersect ENT, Inc., Stocks on the move, , Read more ...
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO), a designer and manufacturer of electric vehicles, has closed a sale of 10,000,000 common shares with certain institutional investors. According to the update ElectraMeccanica secured gross proceeds of $20 million, with each of the shares sold at ...
Evolus (NASDAQ: EOLS ) -37% on potential barrier to Jeuveau sales in U.S. More news on: Evolus, Inc., Remark Holdings, Inc., Unum Therapeutics Inc., Stocks on the move, , Read more ...
Gainers: Ayro (NASDAQ: AYRO ) +102% . More news on: Ayro, Inc., Electrameccanica Vehicles Corp., LM Funding America, Inc., Stocks on the move, , Read more ...
Introduction The Weekly Breakout Forecast continues my doctoral research analysis on MDA breakout selections over more than 5 years. This subset of the different portfolios I regularly analyze has now reached 164 weeks of public selections as part of this ongoing live forward-testing resea...
The EV sector is of high interest again to investors as Tesla continues its record-breaking rally. Also underpinning the positive vibe, China has set ambitious goals to shift towards cleaner vehicles by targeting 25% of sales to be electric by 2025 from ~5% now. More news on: NIO Inc.,...
LM Funding America (NASDAQ: LMFA ) +83% . More news on: LM Funding America, Inc., Myomo, Inc., Electrameccanica Vehicles Corp., Stocks on the move, , Read more ...
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Luxury high-performance sports car carmaker Porsche has announced that it is abandoning its electric vehicle targets due to sluggish EV demand. Porsche is the latest in a growing list of established automakers that made ambitious electrification plans but have been forced to scale back amid fa...
New research has revealed that electric-vehicle demand among American drivers has waned for the first time in four years . The research confirms what many automakers have been experiencing for the past several months: the nascent EV industry is losing the steam it has gathered over the last deca...
The recent drop in electric vehicle demand that has left many automakers rethinking their electrification plans may be short-lived. New data shows that while the drop in EV sales may have forced major carmakers such as General Motors (GM) and Ford to scale down their plans amid mounting losses ...