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Electrameccanica Vehicles (SOLO): Q3 GAAP EPS of -C$0.21 misses by C$0.09.Revenue of C$0.33M (+65.0% Y/Y).Company CFO Bal Bhullar added, “During Q3 we increased our cash position by another $50 million, bringing our total cash and cash equivalents to above $100 million at Sep...
VANCOUVER, British Columbia, Nov. 10, 2020 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, reported financial results for the third quarter ended September 30, 2020. ...
Renewable energy and electric-vehicle stocks rise in premarket trading after Democrat-candidate Joe Biden wins the U.S. election.The strong gains today include NextEra (NEE) +8.1%, SunPower (SPWR) +8.1%, Canadian Solar (CSIQ) +6.4%, First Solar (FSLR) +6%, JinkoSolar (JKS)...
Assembly Biosciences (ASMB) -55% on Q3 earnings release.Global Blood Therapeutics (GBT) -32% on Q3 earnings release.Epizyme (EPZM) -23% on Q3 earnings release.Marin Software (MRIN) -14% on Q3 earnings release.Hall of Fame Resort & Entertainment (HOF...
While Tesla (TSLA) and NIO (NIO) get all the attention, there are a few smaller EV companies that could soar in the years to come. Here are three definitely worth a look: Kandi Technologies Group (KNDI), Electrameccanica Vehicles Corp. (SOLO), and Arcimoto Inc. (FUV). Of all the hot tren...
Investors continue to rush into electric vehicle stocks as concerns over the U.S. election, the global economy and valuations seem to be in the rear mirror. The strong gains today include XPeng (XPEV) +15.35% (see more here), Electrameccanica Vehicles (SOLO) +11.39%, Nikola (NK...
3 Tech Penny Stocks To Watch This Week Election day is over yet we still have no confirmed winner. Regardless of this, several sectors are surging and tech stocks are among the bullish movers on Wednesday. When we look at certain trends in the market, you can’t ignore the p...
Record global electric car sales for Sept. 2020, up 91% YoY, with 4.9% market share (3.4% YTD). Europe sales surged 166% YoY reaching 12% share, China sales rise 66% YoY. EV market news - New Jersey follows California in banning gas car sales by 2035. China sets sights on global EV do...
Alternative Energy Vehicles (AEVs) are here to stay with state governments banning the sale of gas cars in the years to come. The Ratings, Five-Factor Grades, and Peer Comparison shows us which company is best positioned for this upcoming rotation. Now might be the time to buy and...
The automobile sector is seeing solid gains and there is another huge rip for the Chinese EV sector in particular ahead of tomorrow's U.S. election. Notable gainers include Xpeng ([[XPEV]] +10.5%), Nio ([[NIO]] +9.7%), Li Auto ([[LI]] +12.8%), Electrameccanica ([[SOLO]] +4.3%), Niu Technologi...
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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 ...