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4 Stocks To Watch As EV Demand Rebounds

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6 months ago

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–News Direct–

Contrary to the numerous mainstream reports that EV demand will be slowing down this year, the market is already showing solid signs of recovery. In China for instance, which is currently the worlds biggest EV market, EVs drove first-quarter sales growth, rising 31.8% to 2.09 million units, as automakers launched new models and cut prices.

In the US, the number of newly introduced EV options that can go 300 miles or more on a single charge, which is considered the threshold for a long-range vehicle, increased to 30 models at the beginning of 2024, representing a 500% increase in three years.

It is therefore no surprise that research firm Fastmarkets forecasts global EV sales growth will increase by 36% year-on-year in 2024, marking another year of consecutive double-digit growth rates.

In other large emerging vehicle markets like India and Southeast Asia, the EV market has been gaining major traction thanks to increasing government support. Thailand and Malaysia both provide tax support for final EV purchases, while in the Philippines, as part of its push to develop the countrys EV sector, the government is looking to incentivize the manufacture of four million EV units in the next 10 years.

That means that although EV stocks are down right now, the long-term fundamentals of the broader sector remain strong, and now would be the perfect time to spot undervalued companies. And it won't be only EV companies that will benefit from a rebound in demand; battery stocks will also benefit from the tailwinds of this trend.

With that being said, here are four stocks that investors should consider adding to their watchlist as EV demand picks up again.

VivoPower International (NASDAQ:VVPR) is a sustainable energy solutions company that believes sustainability doesnt need to be expensive. This is why it has taken a differentiated approach to getting into the EV market. Through its subsidiary, Tembo, the company provides conversion kits with all the parts required to convert a vehicle from an internal combustion engine to an EV. Think motors, batteries, transmission, charger, software, and the rest of the components that make the converted vehicle work safely and seamlessly.

Initially, these conversion kits are targeted at some of the most widely used utility vehicle models, including the Landcruiser and Hilux, which are designed to function in the harshest and most rugged terrains. The kits pack a 72kWh battery, which allows a 180 km to 190 km range as well as more pulling power and hill climbing capabilities than the diesel equivalent predecessor.

Tembos value proposition is simple and straightforward. Its users will incur lower maintenance and operational costs, have less downtime, and wont need expensive fuel infrastructure.

So far, VivoPower International (NASDAQ:VVPR) has secured a commitment of 5000+ kits and an order pipeline of 10,000+, illustrating the companys strong growth prospects. Those included an MOU in Jordan for 1,000 kits, opening a path to the Middle East, which is the largest Landcruiser market, and a definitive agreement in Kenya for 4,000 kits, providing entry into second-hand vehicle segments.

Furthermore, the company signed a definitive joint venture agreement with Francisco Motor Corporation in September 2023 to develop and supply electric utility vehicle (EUV) electrification kits for a new generation of electric jeepneys (e-jeepneys) in the Philippines.

In order to better position itself for this coming recovery, VivoPower International (NASDAQ:VVPR) recently revealed that Tembo would go public via a merger with Cactus Acquisition Corp. 1 Limited (CCTS), a NASDAQ-listed SPAC, and change its name to Tembo Group.

CCTS will issue 83.8 million shares in exchange for Tembo shares at $10 per CCTS share, which implies a valuation of Tembo of $838 million. The deal, which will be finalized in May, will also see 16.76 million Tembo Dividend Shares distributed to VivoPower shareholders, who will receive 5 Tembo Group shares for each VivoPower share held.

What that means is that even in a base-case scenario where Tembo shares debut is at say $1 per share instead of $10, VVPR stock would surge to at least $28 per share.

This incredible upside potential is further reaffirmed by the fact that VivoPower International (NASDAQ:VVPR) received a direct investment of $5 million into Tembo at a pre-money valuation of $120 million from a private investment office of a member of the ruling Al Maktoum family of Dubai.

To further illustrate his confidence in the company, Vivopower announced that executive chairman and CEO Kevin Chin is increasing his individual shareholding in the company by 146,084 shares (about 4.4% of the outstanding shares) to increase his shareholding to 12.3%.

Plug Power Inc. (NASDAQ:PLUG) is a global leader in hydrogen fuel-supply solutions and hydrogen applications for material handling, power generation, and e-mobility. The companys end-to-end hydrogen value chain includes electrolyzers to make green hydrogen and the infrastructure needed to liquefy, store, transport, dispense, and convert hydrogen into carbon-free electricity.

PLUG recently announced that it signed a contract to provide a significant U.S. electric vehicle manufacturer with hydrogen infrastructure and fuel cell technology for its material handling fleet. The automotive facility is one of the largest in the nation dedicated to electric vehicle and battery production, and under the agreement, Plug Power will supply the entire material handling fleet at the facility, including forklifts and tuggers, with its fuel cell solutions.

The partnership also includes the installation of on-site hydrogen infrastructure, such as two liquid hydrogen storage tanks and over 10 hydrogen dispensers, to support the facility's expansion into hydrogen applications. Plug Power will begin the installation and commissioning of the hydrogen infrastructure in 2024, with the facility anticipated to be fully operational by the first quarter of 2025.

Although the company has not yet achieved profitability, CFO Paul Middleton gave some interesting insights into why the company was facing problems at the JPMorgan 2024 Industrials conference. Basically, PLUG has been subsidizing the hydrogen fuel market as it waits for its own production plants to come on line. The Georgia plant finally came on line in January

Enovix Corp. (NASDAQ:ENVX) develops high-performance batteries, leveraging its more than 626 technology patents and patent applications globally.

The company recently announced it has been granted 15-year Pioneer Status from the Malaysian Investment Development Authority (MIDA) for manufacturing its batteries in its high-volume manufacturing facility by the name Fab2.

Enovixs Pioneer Status application was approved by the Government of Malaysia for the manufacture of lithium-ion batteries within the country for 15 years, with the primary benefit of this status being an exemption from the payment of income tax, subject to meeting certain conditions

In July 2023, Enovix and YBS International Berhad, a Malaysia-based investment holding company, signed a Master Service Agreement to support Enovixs Fab2 site. Since then, Enovix has made significant progress, establishing Fab2, hiring nearly 100 team members and building out approximately 250,000 square feet of factory space.

Earlier this month, the company revealed that it had completed Factory Acceptance Testing (FAT) for its Gen2 Agility Line and is on track to produce the first silicon battery samples from Fab2 in the second quarter of 2024. SAT (Site Acceptance Test) is also well underway. Both FAT and SAT processes ensure that we only place machines into service that meet our specifications for throughput, yield, and machine uptime," said Ajay Marathe, Chief Operating Officer at Enovix.

The company has had a successful start to the year, reporting a remarkable fourth-quarter revenue increase to $7.4 million, which beat estimates by an impressive $3.96 million. Moreover, its massive sales grew by 575.3% on a year-over-year basis, underscoring its powerful positioning in its niche.

Microvast Holdings, Inc. (NASDAQ:MVST) designs, develops, and manufactures lithium-ion battery solutions. The company was founded in 2006 and went public in July 2021 through a merger with SPAC Tuscan Holdings in a deal valued at over $700 million in cash.

The company recently reported FY 2023 earnings, revealing a significant year-over-year revenue increase of 49.9% to $306.6 million, with a record quarterly revenue of $104.6 million in Q4 2023, representing a 61.4% increase.

The company's financials, particularly in gross margin improvement and revenue growth, clearly illustrate its increasing efficiency and market penetration, especially in the EMEA region. Microvast's founder and CEO, Yang Wu, has expressed optimism about the company's trajectory, citing revenue growth in EMEA as a positive sign for continued success in 2024.

Institutional investors are already taking a keen interest in the company, with Vanguard Group recently growing its holdings in the company by 8.9% in the 3rd quarter, according to its most recent 13F filing. The fund owned 12.5 million shares of the companys stock after purchasing an additional 1 million shares during the quarter, representing 3.95% of Microvast shares worth $23.6 million.

The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, or assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or due to the speculative nature of the companies profiled. Capital Gains Report (CGR) owned by RazorPitch Inc. is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. CGR has been retained by VivoPower International PLC. to produce and distribute content related to VVPR. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website https://capitalgainsreport.com. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR is not a fiduciary by virtue of any persons use of or access to this content.

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View source version on newsdirect.com: https://newsdirect.com/news/4-stocks-to-watch-as-ev-demand-rebounds-489899707

VVPR, PLUG, ENVX, MULN

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Olympus Bound by Zoe Routh Wins Book of the Earth Award from Words of the Earth

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1 hour ago

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October 22, 2024

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Australia, 22nd Oct 2024, –
 

 

Words of the Earth reveals that Olympus Bound by Zoe Routh has been honoured with the Book of the Earth Award. This accolade celebrates literary works that masterfully weave together the themes of the natural world, environmental challenges, and the endless possibilities of human imagination.

In Olympus Bound, Zoe Routh explores the complexities of leadership in extreme environments, transporting readers to a Moonbase where survival depends not just on physical resilience, but on the strength of human connection and leadership. Through the eyes of Commander Xanthe Waters, Routh deftly illustrates the tension between humanity’s ambition to conquer new frontiers and the desperate need to preserve Earth’s dwindling resources.

The novel centres on Xanthe and her diverse crew as they navigate life on a Moonbase under constant threat—from scarce resources and meteor showers to fragile political alliances. More than just a tale of survival, Olympus Bound is an exploration of humanity’s quest to create sustainable environments even beyond our planet, mirroring the urgent environmental issues we face on Earth.

One of the most compelling aspects of the novel is how it juxtaposes life on the Moon with the fragility of Earth. The base’s greenhouse, a microcosm of Earth’s ecosystems, serves as a powerful symbol of humanity’s dependency on delicate, interconnected systems. Xanthe’s poignant reflections on her home planet, particularly her memories of a once-thriving Australia, draw attention to the irreversible damage done to Earth and the critical importance of sustainability, whether on the Moon or on our home planet.

Olympus Bound received high praise from the Book of the Earth review, which stated: “Figuratively speaking, Olympus Bound reads like a tightly wound thread, unspooling through space to remind us that no matter how far humanity ventures, our survival is always tethered to the delicate balance we must maintain with nature. Zoe Routh’s vivid storytelling not only brings to life the physical and psychological challenges of space exploration, but also highlights the enduring connection between our species and the ecosystems we depend on.”

About the Author

Zoe Routh is an award-winning leadership futurist, podcaster, and author. With over 30 years of experience working with leaders and teams worldwide, Zoe is known for her expertise in exploring future leadership challenges. She is the author of multiple award-winning books, including People Stuff, which won Book of the Year at the Australian Business Book Awards in 2020. Zoe’s passion for adventure has taken her from wild Canadian rivers to the Australian Outback. She is also the producer of The Future of Leadership (formerly called Zoe Routh Leadership Podcast), where she shares big ideas on the future of leadership.

About the Book of the Earth Award

The Book of the Earth Award celebrates fiction and nonfiction works that explore the intricate connection between literature, the natural world, and the vast realms of human thought. From classic environmental writing to speculative fiction, these works inspire thoughtful reflection on our relationship with Earth and our place in the cosmos. The award honours narratives that highlight the beauty, complexity, and challenges of our planet, and envision futures that inspire hope, change, and innovation.

For more information about Olympus Bound, Zoe Routh, and the Book of the Earth Award, please visit the Words of the Earth website.

To know more about the book and to arrange interviews with Zoe Routh, please contact her directly via zoe@zoerouth.com or visit the book’s page on zoerouth.com.

 

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Country:Australia

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Mos Web Design LLC Now Offers WordPress Maintenance and Hosting: Experience the Benefits of Stress-Free Website Management

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October 22, 2024

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United States, 22nd Oct 2024 – Mos Web Design LLC, a leading digital design and web management company, is thrilled to announce the launch of its WordPress maintenance and hosting services. These new offerings are designed to take the stress out of website management for businesses, ensuring top performance, security, and continuous functionality.

Building on their expertise in WordPress management, Mos Web Design aims to provide a complete solution that allows businesses to focus on growth while leaving the technicalities of website management in the hands of experienced professionals. Specializing in website management services and web management in Illinois, the company is dedicated to delivering reliable, affordable, and comprehensive support that enhances user experience and optimizes site performance.

“At Mos Web Design, we understand how important it is for businesses to have a fully functional, secure, and scalable website. That’s why we are offering WordPress maintenance and hosting as part of our comprehensive suite of services,” said John Carter, Founder and CEO of Mos Web Design. “Whether you’re looking for regular updates, security checks, or managed hosting, our goal is to ensure that your website remains up-to-date and performs at its best, all while providing peace of mind for our clients.”

Why Choose Mos Web Design for WordPress Maintenance and Hosting?

Mos Web Design provides website management services tailored to meet the needs of modern businesses, particularly those located in Chicago and across Illinois. Whether you require basic website updates or advanced hosting solutions, Mos Web Design ensures a seamless experience by combining technical expertise with a focus on customer satisfaction.

Their website management company in Illinois is known for delivering:

  • Regular updates to WordPress plugins and themes, ensuring optimal performance.
  • Top-tier security measures, including routine backups and malware protection.
  • Managed hosting services that guarantee fast load times and minimal downtime.
  • Proactive performance monitoring to keep your site running smoothly.

With Mos Web Design’s WordPress management services, businesses can enjoy the benefits of a professional team dedicated to keeping their website in top condition—without the hassle.

Expert Web Design Services for Businesses in Illinois

In addition to their new maintenance and hosting services, Mos Web Design continues to excel in providing professional web design services using cutting-edge technologies such as WordPress and Elementor. Their approach to website design in Illinois is built on creating visually appealing, functional, and highly engaging websites that reflect each client’s unique brand identity and business objectives.

For businesses seeking a trusted web design company in Illinois, Mos Web Design is renowned for its ability to deliver high-quality, customized websites that drive growth and user engagement. By optimizing websites for performance, scalability, and conversion, the company helps businesses stay ahead of the competition.

Whether you’re looking for website management in Illinois or need a partner for your next design project, Mos Web Design has you covered with a range of services that meet the evolving needs of today’s digital landscape.

About Mos Web Design LLC

Mos Web Design LLC is a full-service web design and management company based in Chicago, Illinois. Specializing in WordPress management, website design, and ongoing site maintenance, the company has built a reputation for creating professional, high-performance websites that are tailored to fit the specific needs and budgets of businesses.

With an experienced team of designers and developers, Mos Web Design ensures that their clients not only receive a website that looks great but one that performs exceptionally well and drives meaningful results.

For more information about Mos Web Design’s services, please visit https://moswebdesign.com/.

Media Contact

Organization: Mos Web Design LLC

Contact Person: John Carter

Website: https://moswebdesign.com/

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The post Mos Web Design LLC Now Offers WordPress Maintenance and Hosting: Experience the Benefits of Stress-Free Website Management appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Visa Advisers Announces Five-Year Milestone in Supporting Migrants to New Zealand

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October 22, 2024

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New Zealand, 22nd Oct 2024 – Visa Advisers, a trusted name in migration consultancy, proudly announces five successful years of supporting migrants as they transition to life in New Zealand. With a dedicated team of Licensed Immigration Advisers who understand the complexities of the migration process, Visa Advisers offers comprehensive services to help families navigate their journey and achieve their dreams in Aotearoa.

Understanding that migration is not just a change of location but a profound transformation for individuals and their families, Visa Advisers emphasizes the personal nature of this journey. “We believe that every migration story is unique,” says Hernan, Founder and CEO of Visa Advisor. “As fellow migrants ourselves, we empathize with the challenges and aspirations of our clients. Our goal is to provide the guidance and support needed for a successful transition to New Zealand life.”

Visa Advisers specializes in various visa categories, including the Accredited Employer Work Visa (AEWV), which allows skilled workers to live and work in New Zealand while contributing to the nation’s economy. With the AEWV, migrants can secure employment with accredited employers, enhancing their prospects for a brighter future. The team at Visa Advisers is well-versed in the requirements and processes associated with obtaining a work visa in New Zealand, ensuring clients have all the information they need to make informed decisions.

The work visa NZ is a crucial step for many individuals and families seeking to establish themselves in New Zealand. Visa Advisers offers tailored services to meet the specific needs of each client, providing clarity on NZ work visa requirements and assisting with all necessary documentation. By leveraging their expertise, clients can navigate the complexities of the immigration process with confidence.

With a strong commitment to supporting migrants, Visa Advisers provides a range of services, including:

  • Personalized Consultations: One-on-one consultations to understand individual circumstances and offer tailored advice.
  • Comprehensive Application Support: Assistance with completing and submitting visa applications, ensuring compliance with New Zealand immigration laws.
  • Continuous Guidance: Ongoing support throughout the migration journey, helping clients adjust to their new life in New Zealand.

In addition to their professional expertise, the Visa Advisers team brings a personal touch to their services. As individuals who have navigated the migration process themselves, they understand the emotional and logistical challenges involved. This unique perspective allows them to provide not only expert advice but also compassionate support throughout the entire process.

As Visa Advisers celebrates five years of service, they look forward to continuing to assist migrants in achieving their dreams in New Zealand. The team remains dedicated to providing exceptional service and support, helping families build a brighter future in their new homes.

For more information about Visa Advisers and their services, including details about the AEWV visa and other work visa options, visit their website at https://visaadvisers.co.nz.

About Visa Advisers:
Visa Advisers is a leading migration consultancy in New Zealand, specializing in assisting individuals and families through the immigration process. With a team of experienced professionals who are themselves migrants, Visa Advisers is committed to providing personalized support to help clients achieve their migration goals.

Media Contact

Organization: Visa Advisers

Contact Person: Hernan

Website: https://visaadvisers.co.nz/

Email: Send Email

Country: New Zealand

Release Id: 22102418809

The post Visa Advisers Announces Five-Year Milestone in Supporting Migrants to New Zealand appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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