October 4, 2022
“Electric vehicle maker Rivian Automotive said Monday that it produced over 7,000 vehicles in the third quarter, its highest quarterly total to date. The company also confirmed that it remains on track to produce 25,000 vehicles in 2022. Shares of Rivian were… Continue Reading…
May 3, 2022
“…Already frustrated and angry about high gasoline prices, many Americans are being hit by rapidly rising electricity bills, compounding inflation’s financial toll on people and businesses. The national average residential electricity rate was up 8 percent in January from a… Continue Reading…
November 9, 2021
“U.S. industrial giant General Electric will split into three companies following years of seeing its stock underperform, the company announced on Tuesday. The company will be divided into separate units focused on aviation, health care and energy. GE plans to spin off… Continue Reading…
August 5, 2021
“Electric Last Mile Solutions (ELMS)… The unanimous Strong Buy consensus rating on ELMS is based on 5 reviews since the stock entered the public markets. Shares are currently priced at $8.30 each, and their $15.40 average price target suggests a one-year… Continue Reading…
August 2, 2021
“General Electric just increased its stock price by more than $90 a share. GE stock (ticker: GE) will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening. At the… Continue Reading…
July 30, 2021
“…The company posted better-than-expected earnings results on Tuesday, but Wall Street appears more excited about the industrial conglomerate’s improving cash flow. In addition to beating estimates, GE (ticker: GE) raised its full-year free-cash-flow guidance for its industrial operations to a midpoint of… Continue Reading…
June 30, 2021
“…”We view GE as the ultimate self-help, re-opening levered story in Industrials,” said Goldman Sachs analyst Joe Ritchie in a new research note on Tuesday. The analyst slapped a $16 price target on GE’s stock, representing about a 22% upside… Continue Reading…
June 21, 2021
“General Electric said Friday that its 1 for 8 reverse stock split will happen on July 30, after the market closes, so on Monday, Aug. 2, the stock will open at around $100 a share. That isn’t a windfall for investors. A person holding… Continue Reading…
March 19, 2021
“Lamborghini reported record profits in 2020 as its wealthy customers — especially in China — rode the global bull market in style. Despite a mandatory factory shutdown of over two months during the Covid-19 pandemic, the “raging bull” of the… Continue Reading…
March 10, 2021
“Shares of General Electric Co. dropped Wednesday, after the industrial conglomerate confirmed a $30 billion deal with AerCap Holdings NV, while also surprisingly proposing a 1-for-8 reverse stock split… The stock GE, -6.40% swung to a loss of 2.0% in premarket trading, reversing… Continue Reading…
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