German Solar Electric Vehicle Disruptor Sono Group IPO Debut

Germany-based Sono Group NV $SEV raised $150 million at a $1.1 billion market cap. The company is developing what it believes is disruptive solar technology, as well as a solar and battery powered vehicle. Sono Motors is developing the solar electric vehicle (SEV) for the masses, the Sion. It has reached more than 16,000 reservations with advance payments for the Sion, the solar electric vehicle (SEV) for the masses, German disruptive solar technology company Sono Group (SEV) Sono Group N.V. (parent company to … Continue reading “German Solar Electric Vehicle Disruptor Sono Group IPO Debut”

Australian Green Bitcoin Miner Iris Energy Debuts on NASDAQ

Australian green bitcoin miner Iris Energy debuted on Nasdaq Wednesday opening at the $US28 IPO price only to sell off sharply. Trading under the symbol $IREN , which accesses abundant or under-utilized renewable energy to power its operations, fell as much as 22% in its first session and closed down 12.7 % at $US24.45. It didn’t help that Bitcoin prices fell though the day. Australia’s Iris Energy (IREN) is an Bitcoin mining company primarily powered by renewable energy raised its initial public … Continue reading “Australian Green Bitcoin Miner Iris Energy Debuts on NASDAQ”

Electric Truck Developer Rivian Automotive IPO Soars To $85 Billion on Debut

Electric truck developer Rivian Automotive raised $11.9 billion to become the largest IPO of 2021, and the largest IPO since Alibaba (NYSE: BABA) in 2014. RIVN reached a high of $119.38 and closed at $100.73/share when markets closed

The Trade Desk Soars After Earnings Avoid Headwinds That Hit Social Media Digital Advertising Space

Digital advertising placement firm Trade Desk shares soared 21.5% after better than expected third quarter earnings. Relief came as $TTD avoided headwinds that plagued the social media industry in Q3, hitting Snap, Facebook (FB), Twitte r(TWTR) and Roku with underwhelming reports.

Relief For Twitter With Modest Apple iOS 14.5 Impact & Positive Q4 Guidance

Social media company Twitter reported worse than expected third quarter earnings Tuesday with a net $537 million loss. However $TWTR revenue growth outpaced the increase in users. Apple’s iOS 14.5 privacy change impact on Q3 revenue compared with Q2 “remained modest.”

Panasonic New Prototype Battery For Tesla With Fives Times More Energy Storage Capacity

Japan’s Panasonic unveiled a new prototype battery specificly for U.S. electric-car maker Tesla. The advanced battery has five times curent capacity. The battery will cost 50% less to produce and help boost battery production at Panasonic “100-fold,” by 2030. Panasonic shares rose nearly 6% on the news.

Facebook Issues $50 Billion Buyback Among Troubled Earnings Release

Social media beast Facebook reported mixed third quarter earnings after the close Monday. $FB guiding inline and warning on uncertainty from Apple IOS changes that saw $SNAP lose 26% last week. Launched $50 Billion Buyback program as transitions from social media company to a metaverse company in coming years.

WeWork’s Second Coming, Will it Work as Workers Return to Offices?

Shared-office company WeWork has been a poster child for greed and ignorance with the collpase of their previous IPO, the billion dollar losses to SoftBank and the wipe out of paper wealth for co-founder Adam Neumann. Now we get a second try through BowX Acquisition, week one $WE Shares closed 13% higher

RV Maker Winnebago Profits Drive Higher With Remote Work and Freedom Seekers

Leading RV maker Winnebago reported better than expected fourth quarter (Aug) earnings on Tuesday before the bell. Thor Industries $THO, $WGO’s top competitor also reported solid earnings and revenue in its JulQ report from the easing of travel restrictions & lockdown inspired off-the-grid living.

General Motors To Invest USD300 Million in Chinese Autonomous Vehicle Startup Momenta

General Motors $GM will invest USD300 million in Chinese autonomous vehicle startup Momenta. This investment is a strategic partnership that will support GM in building autonomous technologies for future models in China