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VivoPower International PLC (VVPR)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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8.65-0.30 (-3.35%)
As of 12:53PM EDT. Market open.
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Chart Events
Neutralpattern detected
Previous Close8.95
Open9.01
Bid8.60 x 3200
Ask8.62 x 1000
Day's Range8.26 - 9.15
52 Week Range0.59 - 24.33
Volume1,078,440
Avg. Volume4,854,145
Market Cap117.272M
Beta (5Y Monthly)4.95
PE Ratio (TTM)N/A
EPS (TTM)-0.38
Earnings DateAug 24, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    VivoPower International PLC Announces Latest Data Center Contract

    LONDON, Oct. 16, 2020 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (“VivoPower”), an international battery technology, electric vehicle, solar and critical power services company, is pleased to announce that Kenshaw Electrical Pty Limited (“Kenshaw”), its wholly-owned subsidiary in Australia, has been awarded a contract by a leading Australian data center to supply and install emergency backup generators. Kenshaw will deliver four 2,250 kVA Cummins generators to the Canberra facility, guaranteeing it can meet its operational requirements without interruption in the event of an outage. Work on the AUD$1.9 million (USD$1.3 million) project will begin in October, with plans for the generators to be ready by Christmas.Kenshaw has a strong track record delivering critical power solutions for data center providers, and its onsite generators enable fully independent off-grid operations if needed.“We are proud that our work can help this center give its clients peace of mind around security and reliability,” said Adam Malcolm, Kenshaw’s General Manager.“This project is another welcome addition to our order book and cements our status as a high-quality provider to the data center industry. We look forward to expanding our capabilities in this area in the future.”About VivoPowerVivoPower is an international battery technology, electric vehicle, solar and critical power services company whose core purpose is to deliver sustainable energy solutions to its customers. VivoPower is a certified B Corporation and has operations in Australia, North America and Europe.About KenshawKenshaw is a wholly-owned subsidiary of VivoPower in Australia. Founded in 1981, Kenshaw has a differentiated mix of critical electrical power, critical mechanical power and non-destructive testing capabilities for customers across a range of industries. Kenshaw specializes in: * generator design, turn-key sales and installation * generator servicing and emergency breakdown services * electrical motor service and repair * customized motor modifications * non-destructive testing services including crack testing * diagnostic testing such as motor testing, oil analysis, thermal imaging and vibration analysis * industrial electrical services.Forward-Looking StatementsThis communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise. CONTACT: Contact Investor Relations shareholders@vivopower.com

  • MarketWatch

    VivoPower's stock plunges toward 4th-straight loss after public share offering prices at deep discount

    Shares of VivoPower International PLC plunged 21.5% in afternoon trading Thursday, putting them on track for a fourth-straight loss, after the electric vehicle, solar and battery technology announced the pricing of the upsized public offering of nearly 3 million shares ate a deep discount. The stock has now plummeted 44.6% since it closed at a record $16.28 on Oct. 9. The U.K.-based company said late Wednesday that its offering of 2,941,176 shares, which represented nearly 22% of the shares outstanding according to FactSet data, priced at $8.50 a share, which was 26% below Wednesday's closing price of $11.49. The stock had skyrocketed 694% in two months to close Oct. 9 at a record of $16.28. It started selling off after the company said after the Oct. 9 close that it was offering 2,380,952 shares. The stock has still soared 758.7% year to date, while the S&P 500 has gained 7.6%.

  • GlobeNewswire

    VivoPower Announces Pricing of $25.0 Million Underwritten Public Offering of Ordinary Shares

    LONDON, Oct. 14, 2020 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (“VivoPower” or the “Company”), an international battery technology, electric vehicle, solar and critical power services company, today announced the pricing of an underwritten public offering of 2,941,176 of its ordinary shares at a price to the public of $8.50 per share. Gross proceeds, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $25.0 million.  Maxim Group LLC is acting as sole book-running manager for the offering. In addition, VivoPower has granted the underwriters a 45-day option to purchase up to an additional 441,176 of its ordinary shares at the public offering price less underwriting discounts and commissions.  The offering is expected to close on or about October 19, 2020, subject to the satisfaction of customary closing conditions.VivoPower intends to use the net proceeds from the offering, together with its existing cash and cash equivalents, to fund working capital needs in connection with the expansion of its operations to the commercial electric vehicle segment, including $4.7 million to fund its acquisition of Tembo e-LV B.V., and for working capital and other general corporate purposes.The offering is being conducted pursuant to the Company's registration statement on Form F-1 (File No. 333-248761) previously filed with and subsequently declared effective by the Securities and Exchange Commission ("SEC"). A prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov. Electronic copies of the prospectus relating to this offering, when available, may be obtained from Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, at (212) 895-3745.This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.About VivoPower VivoPower is an international battery technology, electric vehicle, solar and critical power services company whose core purpose is to deliver sustainable energy solutions to its customers. VivoPower is a certified B Corporation and has operations in Australia, Canada, the United States, and the United Kingdom. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, contained in this press release, including statements regarding the completion of the public offering, the satisfaction of customary closing conditions with respect to the public offering and the use of proceeds therefrom, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue” or the negative of these terms or other comparable terminology, which are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Various factors may cause differences between our expectations and actual results as discussed in greater detail in our filings with the SEC, including without limitation, risks and uncertainties related to global economic or market conditions, volatility in the share price of our ordinary shares, changes in our operating plans or funding requirements and the risks and uncertainties described in the section entitled “Risk Factors” in our annual report on Form 20-F for the year ended June 30, 2020 that was filed with the SEC on September 8, 2020 and our subsequent periodic and current reports filed with the SEC. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. CONTACT: Contact Investor Relations shareholders@vivopower.com