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The clean energy sector has been dramatically favored by the pandemic, as a shift towards renewable sources of energy and technologies including hydrogen fuel cells, wind, and solar solutions have gained traction as feasible ways to deal with the issue of climate change. During 2020, the largest clean energy exchange-traded funds (ETF) have seen tremendous…
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Fuel cell stocks had another strong day on Tuesday and Plug Power, FuelCell Energy, and Bloom Energy Corporation respectively gained 22%, 21%, and 3%. While investors have poured money into fuel cell stocks, Tesla’s CEO Elon Musk has doubted the hydrogen fuel cell technology. After rallying sharply in 2020, fuel cell stocks are having another…
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NIO stock was among the biggest gainers in 2020 with a rise of over 1,100%. The company has provided more details about its upcoming sedan ET7 during the NIO Day last week. What factors could drive NIO stock higher from these levels? NIO had announced the launch of its sedan earlier this year only when…
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Nvidia stock fell 5.9% on Wednesday after the UK competition watchdog Competition and Markets Authority (CMA) said that it would probe the company’s acquisition of Arm Holdings. Last year, Nvidia had announced the deal to acquire Arm Holdings from SoftBank for $40 billion. The deal was structured in a mix of cash and stock that…
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After a strong 2020, electric vehicle companies have started 2021 on a mixed note. While electric vehicle producers like Tesla, NIO, and XPeng Auto gained on the first trading day of the year, many of the companies that listed through the SPAC route including QuantumScape, Romeo Power, Canoo tumbled. To be sure, the sell-off in…
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Nikola stock surged over 19% on Monday after a bullish note from JP Morgan. The stock is, however, down sharply from its 2020 highs. Can Nikola deliver good returns in 2021? 2020 was an incredible year for electric vehicle companies and we saw a rerating of all the companies in the electric vehicle ecosystem. Tesla’s…
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Yesterday, XL Fleet listed by completing its reverse merger with SPAC (special purpose acquisition company) Pivotal Investment. SPACs have been the preferred listing mode for loss-making companies this year. Many electric vehicle companies including Nikola, Fisker, Lordstown, and battery maker QuantumScape have listed through the SPAC route this year. Earlier this year, famous fund manager…
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Shopify stock surged to a record high yesterday as Amazon remains 9% below its 52-week highs that it hit earlier this year. Investors also gave a thumbs down to the IPO of eCommerce company Wish and it closed below its issue price on the first day of listing. Shopify Shopify stock surged 7.8% yesterday and…
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US stock futures are starting the week on an upbeat tone as investors appear to be optimistic about the impact that vaccinations will have on the country’s economic outlook. E-mini futures of the value-focused Dow Jones Industrial Average are leading today’s uptick, advancing 244 points – or 0.82% – so far during the European futures…
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NIO stock was trading sharply lower in early trading today after the company announced an ADS (American Depository Shares) issue, its third for the year. Over the last week, other electric vehicle producers have also announced share issuance. While NIO stock has come off its recent highs, it is still up over 1,000% for the…
