Arevon Energy, Inc. today announced it has closed financing on the Vikings solar-plus-storage project with a combination of debt financing and tax credit transfer. Arevon secured a commitment with J.P. Morgan to purchase $191 million of investment tax credits and production tax credits, among the nation's first transactions announced to date that leverage the Inflation Reduction Act's transferability provision. The additional $338 million debt facility was financed with MUFG, BNP Paribas, Sumito...
Continue ReadingAmazon-backed Rivian lifted its full-year production forecasts amid improving demand for its electrified trucks and SUVs following solid third quarter earnings late Tuesday...
Continue ReadingInvestors need to consider risk relative to upside potential, and stock valuations sometimes reflect too much optimism for high-quality businesses. High interest rates, coupled with a slowing economy, discourage investors from taking more risk, which is bad news for growth stocks with expensive valuations. Tesla leads the U.S. electric vehicle market with roughly 50% share, but its dominance over the market is declining...
Continue ReadingIn Q3 2023, Voss Value Fund and Voss Value Offshore Fund returned -8.3% and -8.9% to investors net of fees. Click here to read the full fund letter...
Continue ReadingThe market win streak continued with Datadog leading software stocks, but be ready for a pause. Tesla rivals Rivian and Lucid reported late...
Continue ReadingNIO's monthly delivery volumes have rebounded to growth in the third and fourth quarters. Find out why the stock is a Hold...
Continue ReadingThe market rally win streak continued, with Datadog leading big software gains. Tesla rivals Rivian and Lucid reported overnight...
Continue ReadingRivian raised EV production guidance for the full year late Tuesday after revenue surged more than expected in the third quarter. Rivian stock rose in extended trading. Estimates: Analysts, on average, expected the maker of premium electric vehicles to narrow it net loss to $1.34 per share from $1.57 a year ago, according to FactSet...
Continue ReadingFool.com contributor Parkev Tatevosian highlights the latest news from Tesla (NASDAQ: TSLA). Company management is offering smaller raises to employees compared to rival automakers. *Stock prices used were the afternoon prices of Nov...
Continue ReadingFEATURE Rivian Automotive reported a smaller loss than expected and raised full-year production guidance. That’s pretty good considering how investors feel about EVs these days. Shares were up shortly after the third-quarter results were released...
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