Electric Vehicle Financing – Sfeva http://sfeva.org/ Fri, 04 Jun 2021 19:03:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://sfeva.org/wp-content/uploads/2021/05/sfeva-icon-150x150.png Electric Vehicle Financing – Sfeva http://sfeva.org/ 32 32 Workhorse Stock Meme-Fueled Rally Is An Opportunity To Make Profits http://sfeva.org/workhorse-stock-meme-fueled-rally-is-an-opportunity-to-make-profits/ http://sfeva.org/workhorse-stock-meme-fueled-rally-is-an-opportunity-to-make-profits/#respond Fri, 04 Jun 2021 13:57:00 +0000 http://sfeva.org/workhorse-stock-meme-fueled-rally-is-an-opportunity-to-make-profits/

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AP Govt employees will get electric vehicles from July through NREDCAP http://sfeva.org/ap-govt-employees-will-get-electric-vehicles-from-july-through-nredcap/ http://sfeva.org/ap-govt-employees-will-get-electric-vehicles-from-july-through-nredcap/#respond Fri, 04 Jun 2021 09:38:19 +0000 http://sfeva.org/ap-govt-employees-will-get-electric-vehicles-from-july-through-nredcap/

AMARAVATI: With the aim of encouraging the use of electric vehicles, especially among government employees, the Andhra Pradesh New and Renewable Energy Development Corporation (NREDCAP) has formulated a new policy. which has been approved by the central government. NREDCAP is a Crown corporation and is the nodal agency for the implementation of electric mobility and all renewable energy programs.

As part of this policy, the company will facilitate the provision of one lakh of electric two-wheelers to government employees and is preparing to launch the program in the first week of July.

Although there are around 10 lakhs of government employees working in various government departments across AP, NREDCAP aims to provide one lakh vehicles in the initial phase. Contracts with automakers where financing options allowing employees to pay monthly installments directly from their wages without any upfront payment are under discussion. Interested staff from public sector organizations have received information to register online. NREDCAP said the price of the vehicles would be based on the capacity and speed of the battery. The manufacturer is also responsible for maintaining the vehicles for three years.

In line with the electric mobility policy, the state government aims to phase out all internal combustion engine (ICE) vehicles in four major cities, including Visakhapatnam, Vijayawada and Tirupati by 2024, and in all cities by 2030.

The government has devised a plan in which financial institutions will offer loans at lower interest rates to government personnel, allowing them to purchase electric two-wheelers. The state government has issued a call for tenders from original equipment manufacturers (OEMs) to offer electric two-wheelers at attractive equivalent monthly payments.

The government is in talks with various companies to define the loan plans, which can be paid off in 24 to 60 months, depending on the vehicle’s battery capacity, making it an affordable financing option for employees.

Read also: AP Govt to provide affordable loans to employees to purchase electric two-wheelers


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iSun, Inc. Appoints Daniel Dus, Former Director of Adani Solar USA, as President of Utility-Scale Division, Expanding Presence in Under-Served $ 69 Billion Market http://sfeva.org/isun-inc-appoints-daniel-dus-former-director-of-adani-solar-usa-as-president-of-utility-scale-division-expanding-presence-in-under-served-69-billion-market/ http://sfeva.org/isun-inc-appoints-daniel-dus-former-director-of-adani-solar-usa-as-president-of-utility-scale-division-expanding-presence-in-under-served-69-billion-market/#respond Thu, 03 Jun 2021 12:11:00 +0000 http://sfeva.org/isun-inc-appoints-daniel-dus-former-director-of-adani-solar-usa-as-president-of-utility-scale-division-expanding-presence-in-under-served-69-billion-market/

BURLINGTON, Vermont – (COMMERCIAL THREAD) – iSun, Inc. (Nasdaq: ISUN) (“ISUN” or the “Company”), a leading solar energy and clean mobility infrastructure company with 50 years of experience in building solar, power and data services, announced yesterday that Daniel Dus, an expert in the renewable energy sector, has resigned from the company’s board of directors and has been appointed chairman of its utilities division, effective June 2 2021.

Jeffrey Peck, President and CEO of iSun, said: “Daniel has been a multi-faceted expert, leader and veteran of the renewable energy industry. During his 15-year career in the renewable energy industry, he has demonstrated exceptional thought leadership in the development, construction and financing of solar projects. We look forward to leveraging his insightful ideas and strategic contributions as we continue to expand our range of unique offerings, from small commercial projects to large-scale solar energy and clean mobility projects. Having helped build several large national solar EPCs, we are confident that Daniel’s addition to our leadership team will support our continued commitment to generate higher shareholder value through growth and profitability.

Mr. Dus previously served as the head of renewable energy in the United States for a large, fully integrated, multinational company of over $ 100 billion, ranked the world’s largest solar company by Mercom Capital. Having held various leadership roles in the solar industry throughout his career, Mr. Dus has managed the execution of over $ 1 billion in solar assets on 1,400 projects in 17 states across the globe. nationwide. He has held a variety of strategic, financial and managerial positions and has been an influential leader focused on removing barriers to deploy and use renewable energy most efficiently.

Daniel Dus commented: “Following its acquisition of SPAC in 2019, iSun has consolidated a unique advantage as a publicly traded solar company with an aggressive and perfectly timed rapid growth strategy. I couldn’t be more excited to join the iSun management team, which has a long history of delivering innovative solutions to its core and ancillary businesses. I am honored to leverage my experience in deploying solar power nationwide to meet customer project needs in my new role and feel fortunate to be able to use my passion for the mission of iSun to help decarbonise the energy sector.

Mr. Dus is a Certified Solar Designer, holds an MBA from Drexel University, is a Stanford Certified Project Manager, Six Sigma Master Lean Blackbelt Villanova Certified, while also holding dozens of certificates in energy coverage, network infrastructure and technologies emerging energies. like OSHA 30.

ABOUT iSun

Based in Williston, VT, iSun, Inc. (NASDAQ: ISUN) is a company rooted in values ​​that align people, purpose, innovation and sustainability. Ranked by Solar Power World as one of the leading commercial solar entrepreneurs in the United States, iSun provides solar power and clean mobility infrastructure to customers for projects ranging from smart solar charging of mobile phones and electric vehicles renewable energy solutions for large utilities. Since entering the renewable energy market in 2012, iSun has installed more than 400 megawatts of rooftop, ground, and carport solar systems for electric vehicles (equivalent to the power required for 76,000 homes). We continue to focus on profitable growth opportunities. For more information visit www.isunenergy.com

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding (i) the plans, objectives, expectations and intentions of iSun and other statements contained in this press release that are not historical facts; and (ii) other statements identified by words such as “expects”, “anticipates”, “intention”, “plans”, “believes”, “research”, “estimates”, “objectives” , “Plans” or similar words meaning generally intended to identify forward-looking statements. These forward-looking statements are based on the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions regarding future business strategies and decisions which are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements due to possible uncertainties.


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Edison International launches its 2020 sustainability report and publishes a sustainable financing framework in line with the clean energy strategy http://sfeva.org/edison-international-launches-its-2020-sustainability-report-and-publishes-a-sustainable-financing-framework-in-line-with-the-clean-energy-strategy/ http://sfeva.org/edison-international-launches-its-2020-sustainability-report-and-publishes-a-sustainable-financing-framework-in-line-with-the-clean-energy-strategy/#respond Wed, 02 Jun 2021 20:55:00 +0000 http://sfeva.org/edison-international-launches-its-2020-sustainability-report-and-publishes-a-sustainable-financing-framework-in-line-with-the-clean-energy-strategy/

ROSEMEAD, Calif .– (COMMERCIAL THREAD) – Edison International has published its Sustainability report for 2020, detailing the progress made in achieving long-term sustainability goals, successes and challenges encountered in executing its clean energy strategy, commitment and approach to advancing diversity, equity and inclusion and other disclosures and actions of interest to investors, regulators, customers and other stakeholders. The company also released its Sustainable financing framework, underlining its commitment to sustainable development and its intention to continue to align capital raising activities with the principles of sustainable development.

“Our framework underscores the close connection between our strategy and our fundraising activities,” said Pedro J. Pizarro, President and CEO of Edison International. “The wide array of financing tools enabled by the framework are part of our efforts to keep costs affordable for clients while meeting our sustainability goals, including reducing greenhouse gas emissions that contribute to change.” climate. ”

Edison International’s framework is aligned with the Green Bond Principles 2018 and Social Bond Principles 2020 of the International Capital Market Association and has received a second-party opinion from Vigeo Eiris. The financings will generate income to finance new projects or to refinance existing projects in four environmental categories (renewable energies, clean transport, energy efficiency and carbon reduction, or adaptation to climate change) or one social category (socio-economic progress and empowerment) .

Of the society Sustainable development report 2020 describes its commitment to tackling the impacts of climate change and, in particular, describes Southern California Edison’s continued work to deliver 100% carbon-free electricity in terms of retail sales by 2045 and to accelerate the electrification of the economy to most affordably meet California’s ambitious goals. economy-wide goal of net zero. Learn more about the report on Energized by Edison.

Among other accomplishments in 2020, Edison International’s main subsidiary, SCE, purchased 1,360 megawatts of energy storage and installed 1,442 new vehicle charging ports as part of its Charge Ready program. SCE has maintained the lowest system average rate among investor-owned California utilities, and its rates have risen less than Los Angeles-area inflation over the past 30 years.

The fight against climate change concerns everyone, utilities and energy users, including large companies. Edison Energy, the company’s unregulated competitive business, partners with leading commercial, institutional and industrial clients, including 15 of the Fortune 50, to help them navigate and manage three of the company’s biggest challenges. today: costs, carbon and increasingly complex energy choices. . Edison Energy advised clients on 2.2 gigawatts of renewable energy deals in 2020.

“We continue to adapt our business to climate change and its impacts as we invest in the power grid that is critical to resilience and meeting California’s carbon-free energy goals,” said Pizarro. “In addition, our commitment to diversity, equity and inclusion reflects the rich diversity of the regions we serve. We believe that our ability to lead the transformation of the electric power industry towards a clean energy future rests on the diversity of our team and on a company that enables everyone to thrive.

About Edison International

Edison International (NYSE: EIX) is one of the nation’s largest electric utility holding companies, providing clean, reliable power and energy services through its independent companies. Based in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility that provides electricity to 15 million people in southern, central and coastal California. Edison International is also the parent company of Edison Energy, a global energy consulting company providing comprehensive, data-driven energy solutions to commercial and industrial users to meet their cost, sustainability and risk goals.


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ATLIS Motor Vehicles announces the closing date of its A + settlement offer http://sfeva.org/atlis-motor-vehicles-announces-the-closing-date-of-its-a-settlement-offer/ http://sfeva.org/atlis-motor-vehicles-announces-the-closing-date-of-its-a-settlement-offer/#respond Tue, 01 Jun 2021 12:00:00 +0000 http://sfeva.org/atlis-motor-vehicles-announces-the-closing-date-of-its-a-settlement-offer/

MESA, Ariz., June 1, 2021 / PRNewswire / – ATLIS Motor Vehicles (ATLIS), a startup specializing in mobility technologies, announced that its A + settlement offering will close at 11:59 p.m. on Wed, June 30, 2021. To date, ATLIS A + Regulation offer has generated investments from more than $ 8.24 per share.

ATLIS is developing a fully electric XP vehicle platform, an electric XT pickup truck, proprietary cells and battery packs, and the charging ecosystem needed to recharge a 500 mile range battery in less than 15 minutes.

MAIN DEVELOPMENT MILESTONES

  • ATLIS’s two previous crowdfunding campaigns from 2018 to 2020 funded key development milestones, including:
    • the first iteration of the XP platform prototype,
    • an ATLIS battery charging demonstration resulting in a full proof of concept charge time of 8 minutes and 55 seconds,
    • the ongoing development of the XT pickup truck prototype, expected to be revealed in the third quarter of 2021,
    • financing the move from ATLIS to its Mesa, AZ, the headquarters of the manufacturing and strategic growth of the company’s team.
  • ATLIS has so far filed 25 patent protection applications for battery cells, battery thermal management technology, charging technology, modular platform and various vehicle systems.
  • ATLIS and Clemson University have teamed up to advance the development of electric vehicle batteries that charge faster, last longer, and can be tailored to a variety of vehicle classes.
  • ATLIS signed a memorandum of understanding with South KoreaMedia Tech Co., Ltd., based in Media Tech Co., Ltd., will be the sole supplier for the design, development, manufacture, installation and calibration of all machines including the electrode, assembly and training lines required for ATLIS to create a prototype limited run battery cell production line.
  • ATLIS signed a memorandum of understanding with Malaysia– Greatech, which will supply all the parts, equipment and machinery needed to form ATLIS ‘limited-run battery prototype assembly line.
  • The funds raised under the A + settlement offering are used to complete the development and testing of the XP platform, XT pickup truck, battery pack, and will help fund the first phase of manufacturing at Small scale.

INVEST IN ATLIS
ATLIS offers actions to $ 8.24 per share, with a minimum investment of 30 shares, to accredited and non-accredited national and international investors. Visit invest.atlismotorvehicles.com to find out more about ATLIS and become an investor. ATLIS Qualified Offer Circular, dated August 28, 2020, can be viewed here.

About ATLIS Motor Vehicles
ATLIS is a mobility technology company developing products that will power work. ATLIS innovators are building an electric vehicle technology platform for heavy and light work trucks used in agriculture, service, utilities and construction. To meet the towing and payload capabilities of older diesel-powered vehicles, ATLIS is developing proprietary battery technology and a modular system architecture capable of scaling to meet the specific needs of the all-electric vehicle. For more information visit www.atlismotorvehicles.com.

Forward-looking statements
Certain information presented in this press release contains “forward-looking information”, including “forward-looking financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained in this document constitutes forward-looking statements and includes, but is not limited to, (i) the projected financial performance of the Company; (ii) the realization and use of the proceeds from the sale of shares offered hereunder; (iii) the planned development of the Company’s activities, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activities and global growth; (v) the sources and availability of third party funding for the Company’s projects; (vi) the completion of the Company’s projects currently underway, under development or otherwise under consideration; (vi) the renewal of current contracts with customers, suppliers and other significant contracts of the Company; and (vii) future liquidity, working capital and equity needs. Forward-looking statements are provided to enable potential investors to understand management’s beliefs and opinions regarding the future so that they can use these beliefs and opinions as a factor in valuing an investment.

These statements are not guarantees of future performance and should not be placed undue reliance on them. These forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projection of future performance or result expressed or implied in such forward-looking statements.

Although the forward-looking statements contained in this press release are based on what the management of the company considers to be reasonable assumptions, there can be no assurance that the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from these. provided for in such declarations. The Company assumes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE ATLIS Motor vehicles

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China’s three-child policy will benefit the auto market; Didi’s stand-alone unit to raise over $ 300 million in new round – China Money Network http://sfeva.org/chinas-three-child-policy-will-benefit-the-auto-market-didis-stand-alone-unit-to-raise-over-300-million-in-new-round-china-money-network/ http://sfeva.org/chinas-three-child-policy-will-benefit-the-auto-market-didis-stand-alone-unit-to-raise-over-300-million-in-new-round-china-money-network/#respond Mon, 31 May 2021 16:14:14 +0000 http://sfeva.org/chinas-three-child-policy-will-benefit-the-auto-market-didis-stand-alone-unit-to-raise-over-300-million-in-new-round-china-money-network/

ACIPR Secretary General: China’s three-child policy will benefit auto market

Cui Dongshu, general secretary of the China Passenger Car Association, said in a statement that the Chinese auto market is dominated by middle-aged consumers and is gradually evolving into a market dominated by elderly consumers. Therefore, China’s three-child policy will make the auto market more diverse, which is a good thing. As for the structure of the whole automobile market, although the three-child policy has led to the growth of seven-seater cars, but the impact is small, and the Chinese automobile market is bound to be oriented towards middle-aged and elderly people. The current auto market will inevitably drive increases in consumption and boost sales of mid and large luxury vehicles, while also driving the growth of the microelectric vehicle market targeting the elderly.

Didi’s autonomous driving unit set to raise more than US $ 300 million in new funding round

Didi Chuxing’s autonomous driving unit is about to complete a new round of funding with a funding amount of over US $ 300 million, in which the GAC group has invested US $ 200 million (the group GAC directly invested US $ 100 million and a fund under GAC Capital invested US $ 100 million). People familiar with the matter said that after the investment, Didi’s autonomous driving unit would be appreciated beyond Pony.ai. Since the split in 2019, Didi Chuxing’s autonomous driving unit has totaled more than US $ 1.1 billion.

Haier Could Enter Automobile Field Through Cooperation With Geely

Haier Group and Geely Group are currently in contact for further cooperation, according to insiders. The all-new ZEEKR smart EV brand launched by Geely Group will appear in Haier retail stores. The two companies will also cooperate in other areas.

Tencent and Evergrande jointly launched the real estate technology platform “Weiwuyun”

Tencent Holdings and Evergrande Real Estate held a strategic cooperation signing ceremony to jointly build “Weiwuyun”, an open ownership technology platform. According to the official introduction, “Weiwuyun” technology platform will integrate three main sectors: SaaS system for intelligent properties, space IoT and user operation services, and fully introduce value-added services such as health care, senior care, education, finance and community group purchases. .

ROKAE Technology Completes RMB 200 Million C + Series Funding Round

Chinese light industrial robot maker ROKAE Technology announced the completion of a RMB 200 million C + Series financing round, which was jointly invested by Shenzhen Capital Group and Grand Flight Investment. The funds will then be used for the development, application and commercialization of new products of the company. Founded in 2014, ROKAE Technology is a lightweight robot company with two product lines: high performance industrial robots and new generation flexible collaborative robots.

(China Money Network articles are curated and translated by credible Chinese media with established brands, experienced editorial staff, and trustworthy journalistic practices. However, we are not responsible for the accuracy of the information. , please contact our editorial. department.)

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Ford goes electric pro for F-150 lighting and more http://sfeva.org/ford-goes-electric-pro-for-f-150-lighting-and-more/ http://sfeva.org/ford-goes-electric-pro-for-f-150-lighting-and-more/#respond Mon, 31 May 2021 01:39:54 +0000 http://sfeva.org/ford-goes-electric-pro-for-f-150-lighting-and-more/

Ford, which is already helping commercial customers “do it themselves” with the world’s most popular pickup trucks and vans, now plans to redefine those customers’ success with Ford Pro – a global vehicle service and distribution company which will increase uptime and lower costs of ownership. for increased productivity and performance.

The new business – distinct within Ford and the first of its kind among automakers – is a major outcome of the Ford + plan for growth and value creation, which is based on building long-lasting and ongoing customer relationships.

“Ford Pro will redefine the utility vehicle and service market, where Ford is already the world leader,” said Jim Farley, CEO of Ford. “We are creating a one-stop shop to help these customers increase their uptime and productivity while reducing complexity and the total cost of ownership.”

A fundamental strength of Ford Pro is the most comprehensive and flexible lineup of F-Series and Ranger trucks, as well as Transit, the world’s best-selling minivan – and their flawless modernization. Soon, Ford will begin manufacturing high-volume electric vehicles, including the E-Transit later this year and the F-150 Lightning Pro in mid-2022, which Ford Pro will pair with commercially-oriented charging solutions.

Besides the expected benefits for customers, the ambitions of Ford Pro for itself are important. The company expects its growing capabilities and attractiveness to generate $ 45 billion in revenue from adjacent and new equipment and services by 2025, up from $ 27 billion in 2019. In North America, Ford’s share in Class 1 to Class 7 full-size trucks and vans today exceeds 40%. In Europe, Ford has been the number one brand of commercial vehicles for six consecutive years.

Farley said Ford Pro will be led by Ted Cannis as CEO. Cannis will work with Hans Schep, general manager of commercial vehicles for Ford Europe, and other regional leaders. Cannis currently leads Ford’s North American CV business and was previously head of the Team Edison electric vehicle development group.

Redefine, unleash the business value of customers

Ford Pro, which will be implementing new services in stages, is squarely focused on helping business customers work better, with productive, sustainable and intelligent connected vehicles and services.

Today, Ford maintains relationships of trust with nearly 125,000 commercial and government fleet customers in North America and thousands more in Europe and beyond. Ford Pro is designed to anticipate and respond to their needs and those of new customers even faster and at lower cost.

“We’re going to give business customers even more reasons to choose and trust Ford,” said Cannis. “Our team understands that when customers win, we win, which is why we are completely focused on creating tremendous value for them.”

Ford Pro will integrate, digitize and simplify transportation with capabilities covering:

  • Ford Pro vehicles – including Ford’s wide range of combustion-engine and hybrid utility vehicles and, soon to be, fully-electric versions of the company’s advanced vans and full-size pickup trucks being developed for commercial use
  • Ford Pro loading – hardware and software solutions for public, depot and home charging of EVs so that they are ready to operate again the next day
  • ·Ford Pro Intelligence – digital services, with distinct functionalities integrated into their vehicles that allow customers to better manage and maintain their fleet
  • Ford Pro Elite Services – extend Ford’s strong network of CV centers by adding 120 dedicated large bay service centers across the United States with extended hours and fast turnaround time, as well as the introduction of 1,200 mobile service vehicles by 2025 to meet customers where they are, save them money and get them back in business, and
  • Ford Pro FinSimple – pooled financing for vehicles, services and recharging of electric vehicles.

Some elements of Ford Pro’s commercial services have already been introduced and are currently being expanded in Europe, including the recent launch of Ford Fleet Management and Ford Pro Liive. The latter is a connected availability system that is expected to reduce customer fleet downtime by up to 60%. These enhanced services are driving higher levels of customer satisfaction and loyalty, as well as growth for Ford.

Ford Pro will initially be launched in North America and Europe. More information can be found at fordpro.com.


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Bitcoin drops 5.2% to $ 33,849, Ether 6.3% http://sfeva.org/bitcoin-drops-5-2-to-33849-ether-6-3/ http://sfeva.org/bitcoin-drops-5-2-to-33849-ether-6-3/#respond Sat, 29 May 2021 18:21:10 +0000 http://sfeva.org/bitcoin-drops-5-2-to-33849-ether-6-3/

TipRanks

Billionaire George Soros chooses these 3 “Strong Buy” actions

Some investors achieve legendary status, far surpassing their peers through a combination of luck and success. No one is perhaps more representative of it than George Soros, the Holocaust survivor who after the war earned a doctorate from the London School of Economics and went into banking to make his mark. He was very successful. The hedge fund he founded, Soros Fund Management, achieved an average annualized return of 33% from 1970 to 2020, making it the most successful hedge fund in history. Soros’ greatest success came on September 16, 1992, when he “broke the Bank of England”. He had taken a short position on the pound sterling, which rose to $ 10 billion, and when the pound fell in response to the policy shift, he personally gained $ 1 billion in a single day. Soros hasn’t always been right in his financial appeals, but he’s more often right than wrong. He is also known for his good words when it comes to trading. “It’s not whether you’re right or wrong,” Soros said, “but how much money you make when you’re right and how much you lose when you’re wrong.” With this in mind, we decided to take inspiration from the recent activity of Soros Fund Management. By managing three stocks that the fund raised in the first quarter through the TipRanks database, we found that the analyst community was on board as well, as each sports a “Strong Buy” consensus rating. Farfetch, Ltd. (FTCH) We will start with an online retail inventory, Farfetch, a company specializing in the sale of luxury goods and brands. Farfetch is a truly international company, founded in Portugal, headquartered in London with offices in New York and Los Angeles, Tokyo and Shanghai, and Brazil. Like many tech-focused companies, Farfetch operated at a loss – but in the first quarter of this year the company made a sharp turnaround in profitability. The 1Q21 earnings report showed after-tax profit of $ 516.7 million, compared to a quarterly loss of $ 79.2 million a year ago. The company disclosed that this gross profit included a one-time non-cash benefit of $ 660 million “arising from the lower impact of the share price on items held at fair value and revaluations.” Total operating revenue was reported at $ 485 million, up 46% year-over-year, and above the $ 457 million expected by analysts. A key metric, the gross merchandise value of orders processed on the company’s platform, increased 49% year-over-year to $ 915.6 million. Farfetch’s success is built on a strong user base. The company has more than 3 million active customers and operates in 190 countries. The platform’s vendors have made available more than 1,300 luxury brands. Even after a decline in the stock’s value in the first half of 2021, the stock has still risen 234% in the past 12 months. Among the FTCH fans is Soros. In his most recent disclosure, Soros revealed that his fund had purchased 125,000 shares of FTCH, a stake now valued at more than $ 5.5 million. As for the analyst community, 5-star Credit Suisse analyst Stephen Ju credits FTCH with an outperformance (i.e. a buy) with a price target of $ 78. Investors are expected to pocket a gain of around 88% if the analyst’s thesis comes to fruition. (To view Ju’s track record, click here) “We have a positive opinion on the Company’s continued Adjusted EBITDA forecast as Farfetch will reinvest the highest revenue contributions into customer acquisition – supporting long-term adoption rates. We are modeling ~ 700,000 new customers for 2021, ~ 600,000 for 2022 and from 2023 our expectations are also unchanged at ~ 1.2 million to 1.5 million, ”Ju said. The analyst summed up: “Our investment thesis points remain: 1) the large addressable $ 300 billion market remains fragmented and underpenetrated, 2) relative protection against competition from larger cap online competitors. , 3) exposure to the growing adoption of luxury goods in the APAC region as well as emerging markets. ”Most analysts support Ju’s confident view of the online fashion company, as TipRanks analyzes present FTCH as a strong buy. Based on 8 analysts polled in the past 3 months, 6 attribute the stock to a buy, while 2 attribute it to a wait. The 12-month average price target is 60. $ 63, which is an increase of around 37% from current levels. (See FTCH market analysis on TipRanks) Coursera (COUR) The next stock we are looking at, Coursera, is a MOOC company – a provider very open online course. C he niche is leveraging the size and reach of the Internet to make a wide range of high-level university courses available to the general public. Coursera is a leader in the field and, since its inception in 2012, it has made available over 4,000 courses from over 200 universities, in over 30 study programs, and at a lower cost than coursework. in person. Through Coursera, students can take courses at top schools such as Imperial College London, University of Illinois at Urbana-Champaign, University of Michigan, and Johns Hopkins. The company boasts that over 77 million students have used its services. Although the company is 9 years old, it is new to public procurement; Coursera held its IPO at the end of March this year. It made 15.73 million shares available on the NYSE, at an opening price of $ 33. It was the high end of the original price range, which was set between $ 30 and $ 33. Overall, the IPO raised $ 519 million, before expenses. In early May, Coursera published its first quarterly report since its IPO. The report showed total revenue of $ 88.4 million, a 64% year-over-year gain. The company’s gross profit, at $ 49.5 million, was up 71% from the quarter last year. George Soros saw an opportunity in this IPO, and his fund picked up 105,000 shares of the company. This new position is valued at ~ $ 4 million at the current share price. Among the bulls is 5-star analyst Ryan MacDonald, of Needham, who presents a clear and bullish case for Coursera shares. “Given the growing role of automation, the widening of the skills gap and the shift to e-learning, we believe that Coursera’s comprehensive platform will help it gain shares in a large TAM that we estimate between $ 47 billion and $ 50.6 billion. As the COVID-focused tailwind for the growth of enrolled learners in FY20 creates a difficult comparison for the consumer segment in FY21, we believe that Coursera’s effective GTM move and the passage higher value corporate and degree offerings can generate 25% + sustainable growth and gross margin expansion, ”MacDonald noted. To that end, MacDonald gives COUR a buy rating and his price target of $ 56 indicates confidence in a 47% hike over the next 12 months. (To view MacDonald’s track record, click here) During its short time on the stock market, COUR garnered 14 analyst reviews, with a split of 12 buys into 2 holds to support the Strong Buy consensus rating. The shares are trading at $ 38 and their average price target of $ 54.67 implies a one-year rise of 44%. (See COUR stock market analysis on TipRanks) Sotera Health (SHC) Last on our list of new positions from George Soros is Sotera Health, a holding company whose subsidiaries offer a range of consulting, laboratory testing and sterilization services in the health sector. Sotera’s activities serve more than 5,800 healthcare customers in more than 50 countries. The company has 13 laboratories capable of performing more than 800 tests and 50 sterilization facilities. Sotera’s customer base includes 75 of the top 100 medical device manufacturers and 8 of the top 10 pharmaceutical companies. SHC’s shares went public on November 24 last year, in an IPO that sold 53.6 million shares and raised $ 1.2 billion. The capital raised was used to repay the existing debt. The company has worked diligently to reduce debt levels and, in the 1Q21 report, said it has total debt of $ 1.87 billion and free cash flow of $ 108 million. First quarter net sales were $ 212 million, up 13% from the previous year. Net income showed a strong gain, going from a loss of 1 cent per share a year ago to earnings per share of 4 cents. In the first quarter, Soros took a new position in Sotera, buying 179,274 shares of the title. At the current share price, this stake is worth over $ 4.3 million. Tycho Peterson, 5-star analyst at JPMorgan, likes SHC and rates the stock overweight (i.e. buy). Its price target of $ 35 suggests a 45% rise from current trading levels. (To see Peterson’s track record, click here) Supporting his position, Peterson writes: “First quarter results have been generally strong, and while the forecast remains unchanged, it should provide an upward path for the 2021 balance. , as we continue to be fans of the company’s diverse operating platform, rigorous multi-year contracts, an efficient pricing strategy and high regulatory oversight, while supporting its broad competitive divide, with FCF to support the deleveraging… ”Overall, The Street is unanimous in its outlook on Sotera shares; the stock recently received 8 positive reviews supporting its consensus rating from Strong Buy analysts. The shares are trading at $ 24.06 and their average price target of $ 31.75 implies a year-over-year rise of ~ 32%. (See SHC Stock Analysis on TipRanks) To find great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all the information about TipRanks stocks. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.


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A16z to increase size of third crypto fund: report http://sfeva.org/a16z-to-increase-size-of-third-crypto-fund-report/ http://sfeva.org/a16z-to-increase-size-of-third-crypto-fund-report/#respond Sat, 29 May 2021 00:58:48 +0000 http://sfeva.org/a16z-to-increase-size-of-third-crypto-fund-report/

TipRanks

Billionaire George Soros chooses these 3 “Strong Buy” actions

Some investors achieve legendary status, far surpassing their peers through a combination of luck and success. No one is perhaps more representative of it than George Soros, the Holocaust survivor who after the war earned a doctorate from the London School of Economics and went into banking to make his mark. He was very successful. The hedge fund he founded, Soros Fund Management, achieved an average annualized return of 33% from 1970 to 2020, making it the most successful hedge fund in history. Soros’ greatest success came on September 16, 1992, when he “broke the Bank of England”. He had taken a short position on the pound sterling, which rose to $ 10 billion, and when the pound fell in response to the policy shift, he personally gained $ 1 billion in a single day. Soros hasn’t always been right in his financial appeals, but he’s more often right than wrong. He is also known for his good words when it comes to trading. “It’s not whether you’re right or wrong,” Soros said, “but how much money you make when you’re right and how much you lose when you’re wrong.” With this in mind, we decided to take inspiration from the recent activity of Soros Fund Management. By managing three stocks that the fund picked up in the first quarter through the TipRanks database, we found that the analyst community was on board as well, as each carries a “Strong Buy” consensus rating. Farfetch, Ltd. (FTCH) We will start with an online retail inventory, Farfetch, a company specializing in the sale of luxury products and brands. Farfetch is a truly international company, founded in Portugal, headquartered in London with offices in New York and Los Angeles, Tokyo and Shanghai, and Brazil. Like many tech-focused companies, Farfetch operated at a loss – but in the first quarter of this year the company made a sharp turnaround in profitability. The 1Q21 earnings report showed an after-tax profit of $ 516.7 million, compared to a quarterly loss of $ 79.2 million a year ago. The company disclosed that this gross profit included a one-time non-cash benefit of $ 660 million “arising from the lower impact of the share price on items held at fair value and revaluations.” Total operating revenue was reported at $ 485 million, up 46% year-over-year, and above the $ 457 million expected by analysts. A key metric, the gross merchandise value of orders processed on the company’s platform, increased 49% year-over-year to $ 915.6 million. Farfetch’s success is built on a strong user base. The company has more than 3 million active customers and operates in 190 countries. The platform’s vendors have made available more than 1,300 luxury brands. Even after a decline in the stock’s value in the first half of 2021, the stock has still risen 234% in the past 12 months. Among the FTCH fans is Soros. In his most recent disclosure, Soros revealed that his fund had purchased 125,000 shares of FTCH, a stake now valued at more than $ 5.5 million. As for the analyst community, Credit Suisse 5-star analyst Stephen Ju credits FTCH with an outperformance (i.e. a buy) with a price target of $ 78. Investors are expected to pocket a gain of around 88% if the analyst’s thesis comes to fruition. (To view Ju’s track record, click here) “We have a positive opinion on the Company’s continued Adjusted EBITDA forecast as Farfetch will reinvest the highest revenue contributions into customer acquisition – supporting long-term adoption rates. We are modeling ~ 700,000 new customers for 2021, ~ 600,000 for 2022 and from 2023 our expectations are also unchanged at ~ 1.2 million to 1.5 million, ”Ju said. The analyst summed up: “Our investment thesis points remain: 1) the large addressable $ 300 billion market remains fragmented and underpenetrated, 2) relative protection against competition from larger cap online competitors. , 3) exposure to the growing adoption of luxury goods in the APAC region as well as emerging markets. ”Most analysts support Ju’s confident view of the online fashion company, as TipRanks analyzes present FTCH as a strong buy. Based on 8 analysts polled in the past 3 months, 6 attribute the stock to a buy, while 2 attribute it to a wait. The 12-month average price target is 60. $ 63, which is an increase of around 37% from current levels. (See FTCH market analysis on TipRanks) Coursera (COUR) The next stock we are looking at, Coursera, is a MOOC company – a provider very open online course. C he niche is leveraging the size and reach of the Internet to make a wide range of high-level university courses available to the general public. Coursera is a leader in the field and, since its inception in 2012, it has made available over 4,000 courses from over 200 universities, in over 30 study programs, and at a lower cost than coursework. in person. Through Coursera, students can take courses at top schools such as Imperial College London, University of Illinois at Urbana-Champaign, University of Michigan, and Johns Hopkins. The company boasts that over 77 million students have used its services. Although the company is 9 years old, it is new to public procurement; Coursera held its IPO at the end of March this year. It made 15.73 million shares available on the NYSE, at an opening price of $ 33. It was the high end of the original price range, which was set between $ 30 and $ 33. Overall, the IPO raised $ 519 million, before expenses. In early May, Coursera published its first quarterly report since its IPO. The report showed total revenue of $ 88.4 million, a 64% year-over-year gain. The company’s gross profit, at $ 49.5 million, was up 71% from the quarter last year. George Soros saw an opportunity in this IPO, and his fund picked up 105,000 shares of the company. This new position is valued at ~ $ 4 million at the current share price. Among the bulls is 5-star analyst Ryan MacDonald, of Needham, who presents a clear and bullish case for Coursera shares. “Given the growing role of automation, the widening of the skills gap and the shift to e-learning, we believe that Coursera’s comprehensive platform will help it gain shares in a large TAM that we estimate between $ 47 billion and $ 50.6 billion. As the COVID-focused tailwind for the growth of enrolled learners in FY20 creates a difficult comparison for the consumer segment in FY21, we believe that Coursera’s effective GTM move and the passage higher value corporate and degree offerings can generate 25% + sustainable growth and gross margin expansion, ”MacDonald noted. To that end, MacDonald gives COUR a buy rating and his price target of $ 56 indicates confidence in a 47% hike over the next 12 months. (To view MacDonald’s track record, click here) During its short time on the stock market, COUR garnered 14 analyst reviews, with a split of 12 buys into 2 holds to support the Strong Buy consensus rating. The shares are trading at $ 38 and their average price target of $ 54.67 implies a one-year rise of 44%. (See COURT Stock Analysis on TipRanks) Sotera Health (SHC) Last on our list of new positions from George Soros is Sotera Health, a holding company whose subsidiaries offer a range of consulting, laboratory testing and sterilization services in the health sector. Sotera’s activities serve more than 5,800 healthcare customers in more than 50 countries. The company has 13 laboratories capable of performing more than 800 tests and 50 sterilization facilities. Sotera’s customer base includes 75 of the top 100 medical device manufacturers and 8 of the top 10 pharmaceutical companies. SHC’s shares went public on November 24 last year, in an IPO that sold 53.6 million shares and raised $ 1.2 billion. The capital raised was used to repay the existing debt. The company has worked diligently to reduce debt levels and, in the 1Q21 report, said it has total debt of $ 1.87 billion and free cash flow of $ 108 million. First quarter net sales were $ 212 million, up 13% from the previous year. Net income showed a strong gain, going from a loss of 1 cent per share a year ago to earnings per share of 4 cents. In the first quarter, Soros took a new position in Sotera, buying 179,274 shares of the title. At the current share price, this stake is worth over $ 4.3 million. Tycho Peterson, 5-star analyst at JPMorgan, likes SHC and rates the stock overweight (i.e. buy). Its price target of $ 35 suggests a 45% rise from current trading levels. (To see Peterson’s track record, click here) Supporting his position, Peterson writes: “First quarter results have been generally strong, and while the outlook remains unchanged, it should provide an upward path for the 2021 balance. , as we continue to be fans of the company’s diverse operating platform, rigorous multi-year contracts, effective pricing strategy and strong regulatory oversight, while supporting its broad competitive divide, with FCF to support the deleveraging… ”Overall, The Street is unanimous in its outlook on Sotera shares; the stock recently received 8 positive reviews supporting its Strong Buy analyst consensus rating. The shares are trading at $ 24.06 and their average price target of $ 31.75 implies a year-over-year rise of ~ 32%. (See SHC Stock Analysis on TipRanks) To find great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all the information about TipRanks stocks. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.


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Stellantis considers investment in batteries | Transport topics http://sfeva.org/stellantis-considers-investment-in-batteries-transport-topics/ http://sfeva.org/stellantis-considers-investment-in-batteries-transport-topics/#respond Fri, 28 May 2021 15:30:00 +0000 http://sfeva.org/stellantis-considers-investment-in-batteries-transport-topics/

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The Italian government is in talks with Stellantis NV, the automaker resulting from the merger of Fiat Chrysler and the PSA Group, to invest in the manufacture of batteries for electric vehicles in the country, according to people familiar with the matter.

A meeting in Rome this week between Stellantis chairman John Elkann, CEO Carlos Tavares and Giancarlo Giorgetti, Italy’s economic development minister, focused on the future of electric mobility in the country, the people said, who asked not to be named because the gathering was private. .

Giorgetti asked for assurance from Stellantis that Italy will remain one of the main countries where the company manufactures vehicles and inquired about plans to invest in battery manufacturing in Mirafiori, Fiat’s main industrial district. in Turin, people said.

Carlos Tavares by Marlene Awaad / Bloomberg News.

Stellantis spokespersons and the minister declined to comment. Discussions are at an early stage, no final decision has been made and the company may decide to invest in battery production elsewhere.

Tavares, 62, is in a delicate position at the helm of what is now the second largest car maker in Europe, behind only Volkswagen AG.

France recently put pressure on the former boss of Peugeot PSA manufacturer to maintain the engine power that the company was going to transfer to Hungary. Stellantis executives have also been negotiating with the British government for months for support to revamp an auto factory in England in light of the impending ban on combustion cars in the country.

PSA was more advanced in investing in electric vehicles before its merger with Fiat, having planned a project of around 5 billion euros with oil giant Total SA, backed by the French government. PSA’s stronger sales of plug-in hybrids and battery-powered cars allowed Stellantis to exit an emissions credit deal that Fiat struck with Tesla Inc. in 2019.

Stellantis employs more than 50,000 people in several dozen manufacturing plants in Italy. Last year, the government led by Prime Minister Giuseppe Conte approved a € 6.3 billion ($ 7.7 billion) credit facility for Fiat, the largest government-backed financing organized for a automaker in Europe during the coronavirus pandemic.

As part of its green transition, the new government led by Mario Draghi plans to invest around 25 billion euros of European Union stimulus funds in new infrastructure and to supplement this amount with national funds for an investment. total of more than 31 billion euros. .

The plan plans to renew the public transport fleet with zero-emission and low-emission vehicles and to allocate around 8.5 billion euros to sustainable mobility, including 21,000 public fast-charging stations.

Road signs

When the pandemic began, drivers faced crowded parking lots, closed rest areas and minimal roadside assistance. And almost a year and a half later, they still face the fear of not finding a place to park, which means having no place to rest. In this episode, host Michael Freeze seeks answers from those at the forefront of research and legislative action. Listen to a sample above and get the full schedule by accessing RoadSigns.TTNews.com.

Tavares has pledged to speed up Stellantis’ electric switchover and predicts that battery-powered cars will account for more than a third of its European sales by the middle of the decade. The maker of Fiats, Peugeot and Jeeps plans to triple sales of plug-in hybrid and fully electric vehicles to more than 400,000 units this year.

The CEO said last month that Stellantis would aim to secure a battery capacity of 250 gigawatt hours by the end of the decade. Decisions to develop additional battery factories in Europe and North America could be made this year, and the company has scheduled an investor briefing on its EV strategy for July 8.

Fiat has been manufacturing cars at its iconic Mirafiori factory since 1939. Mirafiori has previously been a hub of the company’s electric vehicle production, starting with the electric version of the Fiat 500. Stellantis plans to start producing versions electric models of Maserati’s Gran Turismo and Gran Cabrio in Turin in mid-2022.

Want more news? Listen to today’s daily briefing below or click here for more information:


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