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The company says it will start delivering cars on Saturday at an event in California. That is about a month after production began at Lucid's Arizona plant.
The automotive industry is in the midst of a sea change. A combination of pressures – social, environmental, and political – are pushing the industry faster and faster toward electrification. The political tailwind may be the most prominent, at least for now. The Biden Administration is pushing to make half of all new car sales in the US electric by 2030. This includes electric battery powered vehicles, fuel-cell electric vehicles, and plug-in hybrids – with the last category offering a potentia
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […]
This trio could deliver jaw-dropping revenue growth over the next three years. However, this doesn't tell the full story.
WINNIPEG, Manitoba (Reuters) -Suncor Energy Inc's strategy of returning cash to shareholders and repaying debt with its soaring profits is sustainable even if surging crude prices pull back, the company's chief executive said on Thursday. The stock of Canada’s second-biggest oil producer climbed as much as 10% after it said late on Wednesday that it would double its dividend, reversing a cut made last year when lockdowns due to the COVID-19 pandemic hammered fuel demand. Suncor also said it would buy back more shares than it previously planned and repay debt faster, just a year and a half after the pandemic's spread reduced travel and generated losses for oil producers.
It's not just Halloween decorations that are putting a fright into Proto Labs (NYSE: PRLB) investors today. As of 10:53 a.m. EDT, shares of Proto Labs had plummeted 18.5%. Overshadowing the fact that it reported a company quarterly record, Proto Labs missed the consensus revenue estimate of $127.3 million, and it reported sales of $125.3 million.
Cathie Wood the value investor? Sort of.
If you can't beat them, join them.
In this updated daily bar chart of AUPH, below, we can see that prices rallied into late September before correcting lower for a few days. AUPH is trading above the rising 50-day moving average line and the rising 200-day line. AUPH is roughly twice the level of the 200-day line so they are considered extended or overbought in some circles.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is clearly on a profit run, and the company is continuously surpassing expectations, which has led investors to pay more attention. In this article, we will examine if the stock price is too expensive in relation to the ability of AMD to produce future cash flows, and look at possible investment strategies that might occu
These income stocks, with yields ranging from 1.8% to 7.4%, are the perfect place for investors to put their money to work during a downturn.
Giant auto maker Ford's earnings, operating profit, and sales all topped Wall Street's views. The reinstated dividend was icing on the cake.
Phunware Inc (NASDAQ: PHUN) is trading higher Wednesday after the company announced its Digital Front Door solution is now available on the Epic App Orchard marketplace. Digital Front Door enables hospital systems and clinicians to contextually engage with their patients and visitors via mobile while providing optimal care, driving operational efficiency and ensuring patient satisfaction. ”With almost a third of the Electronic Health Record (EHR) market and more than 40% of all hospital beds, Ep
Shares of Plug Power (NASDAQ: PLUG) popped 3.7% in early trading Wednesday after the fuel cell stock attracted a huge analyst upgrade following the announcement of a new partnership. Today morning, Plug Power signed a memorandum of understanding with renewable green hydrogen producer Lhyfe at HyVolution, a two-day green hydrogen event being held at Paris. Plug Power and Lhyfe plan to jointly develop green hydrogen plants in Europe with an operating capacity of 300 megawatts (MW) by 2025, along with developing a production site with a capacity of 1 gigawatt.
The tech stock's move higher follows the company's strong earnings report earlier this week as well as a number of analyst upgrades for the stock since then. Teradyne said its third-quarter revenue increased 16% year over year to $951 million. Zooming out two years, quarterly revenue is notably up 63%.
Shares of the online retailer took off after it reported earnings, but some key trends need to be addressed here.
This article highlights seven cryptos that are likely to rise over the next year. This is based on my analysis of what is going on with their blockchain platforms and other developments in their platforms. In most cases, these cryptos are easy to buy and are all available on Coinbase Global (NASDAQ:COIN) or Binance US. The fact remains that cryptos have outperformed stocks this year. For example, year-to-date, as of Oct. 26, the S&P 500 index is up 22.0%, according to Yahoo! Finance and the GSPC
Three months ago, Boeing (NYSE: BA) reported a surprise profit for the second quarter of 2021. On Wednesday, Boeing reported that it fell back into the red last quarter, posting a bigger loss than analysts had expected. Boeing generated $15.3 billion of revenue last quarter, missing the analyst consensus of $16 billion.
The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has received a purchase order from Groupe Autocar Jeannois ("Jeannois") for 35 zero-emission LionC school buses, to be delivered over the next five years. The purchase order also includes an option for Jeannois to purchase an additional five LionC buses. These LionC buses will be added to Jeannois' existing fleet of three
Ford Motor joined General Motors with a mixed report for the third quarter Wednesday. But Ford hiked full-year guidance and reinstated its dividend, after GM guided toward the "high end" of its 2021 earnings forecast.
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