Canoo

Canoo, Inc. manufactures electric vehicles. It designed a modular electric platform purpose-built to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses. The company was founded in August 2018 and is headquartered in Torrance, CA.

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Canoo reports robust Q4 performance, eyes growth through strategic partnerships

Canoo demonstrated strong performance and financial management in Q4 2022, focusing on key milestones and growth strategies.
While challenges exist in production targets and financing, opportunities in tax credits and strategic partnerships offer avenues for expansion.
Overall, Canoo's emphasis on manufacturing, fleet sales, and financial discipline positions it well for growth and market success.

Canoo reports progress in zero-emission vehicles and capital raise strategy

Canoo's Q1 2023 earnings call highlighted progress in addressing challenges, focusing on strengths in zero-emission technology and efficient manufacturing. The company faces challenges in the traditional automotive industry but sees opportunities in market growth and capital raise strategies.

Canoo advances in resolving SEC matter, focuses on fleet sales

Canoo making progress in resolving SEC matter, focusing on fleet sales and manufacturing readiness.
Strong compliance activities and partnerships in place to support growth and job creation.
Challenges include capital needs for manufacturing readiness and achieving positive margins by 2025.
Opportunities lie in leveraging fleet sales focus, decreasing battery prices, and customer-centric approach.

Canoo hits manufacturing milestones and raises capital for future growth

Canoo's Q3 performance reflects significant achievements in manufacturing, revenue generation, and capital raising, positioning the company for future growth.
While facing challenges in cost efficiency and production scalability, Canoo's strategic strengths in innovation, financial management, and market positioning offer opportunities for sustained success.
The company's focus on automation, cost optimization, and strategic partnerships align with opportunities in democratizing assembly processes and leveraging labor arbitrage for enhanced profitability.

Canoo projects revenue growth in 2024 with disciplined deployment

Canoo's Q4 2023 earnings call highlighted revenue growth projections for 2024, disciplined capital deployment, and focus on quality and scalability. The company is strategically aligning with customer needs and emphasizing supply chain consistency.

Canoo (GOEV) reports strong Q1 earnings, eyes global expansion

Canoo (GOEV) showcased strong financial performance, strategic partnerships, and market expansion in Q1 2024 earnings call. Despite challenges in manufacturing and capital constraints, the company's innovative approach and focus on key markets position them for growth and success.

Canoo achieves record revenue in Q2 2024, focuses on growth

Canoo delivered strong financial performance in Q2 2024, marked by revenue growth, cost management, and improved profitability.
The company's focus on innovation, customer relationships, and operational excellence underscores its commitment to sustainable growth.
While facing challenges in capital management and operational execution, Canoo has opportunities to drive future growth through strategic initiatives.
Overall, Canoo's Q2 2024 earnings call highlights its progress, challenges, and strategic direction in the competitive electric vehicle market.

Canoo reports record revenue, focuses on fleet market expansion

Canoo's Q3 2024 performance showcased record revenue, improved EBITDA, and successful capital raising efforts. The company's strategic shifts towards fleet customers and cost optimization demonstrate adaptability and focus. While facing industry challenges and organizational changes, Canoo is positioning itself for production ramp-up and growth through market expansion and funding strategies.

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Canoo, Inc. is a mobility technology company, which engages in the designing and developing of electric vehicles. It designed a multi-purpose platform to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses. The company was founded on August 6, 2018 and is headquartered in Torrance, CA.

Strategy of acquiring new and unused equipment at pennies on the dollar (80%+ discount), reduces capital expenditures by tens of millions of dollars, enhancing equity value Strategy of acquiring new and unused equipment at pennies on the dollar (80%+ discount), reduces capital expenditures by tens of millions of dollars, enhancing equity value

Canoo Acquires Additional Advanced Manufacturing Assets at Deep Discounts

Faraday Future Intelligent Electric

Nikola

Faraday Future (NASDAQ: FFIE), Canoo (GOEV), and Nikola (NKLA) stock prices continued their short-squeeze this week even as concerns about the EV industry intensified. Nikola jumped to $0.6574, 11% above its lowest level this month.

Faraday Future, Canoo (GOEV), Nikola short squeeze intensifies

It feels like 2021 all over again, with both meme stocks and debate around which name will be the next short-squeeze target surging. Canoo (NASDAQ: GOEV ) is certainly seeing some of this short-squeeze interest today, with GOEV stock up more than 30% in afternoon trading.

The Cost to Borrow Canoo (GOEV) Stock Is up 4,400% This Week

GOEV stock closed at $3.41 on Wednesday and is up $0.67 during pre-market trading. Shares of electric vehicle (EV) startup Canoo (NASDAQ:GOEV) have risen this week following the U.S. Department of Commerce's approval of its Oklahoma City facility as a Foreign Trade Zone (FTZ), paving the way for substantial cost savings.

Canoo stock price: Analysts are bullish on GOEV

Easily one of the biggest winners on Monday was upstart electric vehicle manufacturer Canoo (NASDAQ: GOEV ). Thanks to a key government approval, GOEV stock skyrocketed, aided by a clearer pathway to profitability.

Trade of the Day: How to Profit from the Surge in Canoo (GOEV) Stock

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Despite a 50% increase today, shares of Canoo (NASDAQ: GOEV ) stock are still down by over 45% year-to-date. This morning, the electric vehicle (EV) company announced that the U.S. Department of Commerce had provided its Oklahoma City facility with clearance to become a Foreign Trade Zone (FTZ).

5 Investors Betting Big on Canoo (GOEV) Stock

Canoo (NASDAQ: GOEV ) stock is on the rise Monday after the company announced approval for its Oklahoma City facility to be a Foreign Trade Zone (FTZ). That approval comes from the Department of Commerce and brings with it several benefits for Canoo.

Why Is Canoo (GOEV) Stock Up 68% Today?

Shares of Canoo Inc. soared again Monday, toward a record one-day gain, after the maker of electric trucks and delivery vans said its facility in Oklahoma City was approved as a foreign trade zone.

EV maker Canoo's stock soars again after facility gets foreign-trade-zone OK

Investors need to pay close attention to Canoo (GOEV) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Canoo (GOEV) Stock?

Canoo (NASDAQ: GOEV) stock price has staged a strong comeback after the company delivered a reverse stock split last week. The shares surged by almost 50% on Friday, up by over 5% in the pre-market session.

Canoo stock price: here's why GOEV shares are surging

Approval supports American advanced manufacturing, jobs, and delivers up to $70 million in estimated vehicle cost savings and duty deferrals in 2024 and 2025 Approval supports American advanced manufacturing, jobs, and delivers up to $70 million in estimated vehicle cost savings and duty deferrals in 2024 and 2025

Canoo's Oklahoma City Manufacturing Facility Approved as Foreign Trade Zone

Investors in embattled EV company Canoo (NASDAQ: GOEV ) have not really gotten much of a break at all over the past few years. This year alone, GOEV stock is down 65%, and that is after an upward move of 50% in the stock price today.

Alliance Global Just Trimmed Its Price Target on Canoo (GOEV) Stock

Fisker Inc

Mullen Automotive

I wrote about Fisker (NYSE: FSR) stock on Wednesday and warned that the company was between a rock and a hard place. In that article, I explained that the chances of a bankruptcy were extremely high as the company continued to burn cash at an alarming rate.

Fisker could go bankrupt: are Mullen (MULN), Canoo, Faraday Future next?

Justin, TX, March 11, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter and full year ended December 31, 2023 after market close on Monday, April 1, 2024. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period.  Those interested are invited to listen to the live webcast online here. A replay of the webcast will be available shortly afterwards here.   Date: Monday, April 1, 2024  Time: 5:00 pm ET   U.S. Dial-in: 877-407-9169  International Dial-in: 201-493-6755   Access ID: 13744832  An audio replay of the call will be available shortly after its conclusion through April 15, 2024.   Toll-free Replay Number: 877-660-6853  International Replay Number: 201-612-7415  Replay ID: 13744832

Canoo to Announce Fourth Quarter and Fiscal Year 2023 Financial Results

Cybin

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The struggling electric vehicle maker enacted a reverse stock split. The split was at a 1-for-23 ratio.

Why Canoo Stock Lost 7% Today on Its Stock-Split News

Struggling electric vehicle (EV) maker Canoo (NASDAQ: GOEV ) is trending on social media and financial news websites today because the firm has carried out a 1-for-23 reverse split of GOEV stock. More About the Reverse Split Canoo's reverse stock split has caused its stock price to soar to $2.25 this morning from 9.9 cents as of the market close yesterday.

GOEV Stock Alert: Canoo's 1-for-23 Reverse Stock Split Takes Effect Today

Justin, TX, March 07, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV), a leading high-tech advanced mobility company, today announced that the Company's management team will be attending the following upcoming investor conferences: --On Thursday, March 7th at 12:35pm EST, the company will present at the Emerging Growth Conference, a virtual event.  --On Monday, March 18th and Tuesday, 19th, the company will attend the 36th Annual ROTH Conference, in Dana Point, CA. The company will have the opportunity to present to certain investors, family offices, and institutions. --On Monday, April 8th and Tuesday, April 9th, the company will attend the LD Micro Invitational XIV, in New York, NY. The company will have the opportunity to present to certain investors, family offices, and institutions. Please visit the Investor Relations Calendar page on the Canoo website to access available live webcasts and any available replays. 

Canoo to Participate at Upcoming Investor Conferences

Electric vehicle (EV) maker Canoo (NASDAQ: GOEV ) just announced a 1-for-23 reverse stock split to be executed on March 8. The aim of the reverse split is to prevent a delisting by getting the price of GOEV stock over $1 per share.

GOEV Stock Alert: Canoo Announces 1-for-23 Reverse Stock Split

Justin, TX, March 06, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV), (“Canoo” or the “Company”), an advanced high-tech mobility company, announced today that it will effect a 1-for-23 reverse stock split of its common stock, par value $0.0001 per share (“Common Stock”), that will become effective on March 8, 2024, at 8:00 a.m., Eastern Time (“Effective Date”). Canoo's Common Stock will continue to trade on The Nasdaq Capital Market under the existing ticker symbol "GOEV" and will begin trading on a split-adjusted basis when the market opens on March 8, 2024.  The new CUSIP number for Canoo's Common Stock following the reverse stock split will be 13803R201.

Canoo Inc. Announces 1-for-23 Reverse Stock Split Effective March 8, 2024

Government incentives are a critical part of supporting job growth in advanced manufacturing and other important global technologies Government incentives are a critical part of supporting job growth in advanced manufacturing and other important global technologies

Canoo Successfully Completes First Hiring Milestone and Receives Non-Dilutive Incentives from Oklahoma

Lucid Group

Rivian Automotive

It's no secret that this is not a good year for EV stocks like Rivian, Tesla, Mullen Automotive, Canoo (GOEV), and Lucid Motors as most of them have tumbled hard.

This EV risk is bad news for EV stocks like Rivian, Lucid, MULN, GOEV

Justin, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV), an advancing high-tech mobility company, today announced appointments of two leaders in electric mobility, public policy, clean energy, technology, and cybersecurity to the company's Board of Directors. The appointments of Ms. Deborah Diaz and Mr. James Chen are effective immediately. “I'm excited to strengthen the board with the additions of Deborah and James,” said Tony Aquila, Investor, Executive Chairman, and CEO of Canoo. “As innovators and leaders, they will support Canoo and its team achieve our strategic growth objectives and increase our market penetration.” Deborah B. Diaz previously served as former Chief Technology Officer and Deputy Chief Information Officer at National Aeronautics and Space Administration (NASA) and CIO for Science and Technology at U.S. Department of Homeland Security. Ms. Diaz currently serves on the board of directors of Archer Aviation, Primis Financial, and ZeroAvia. Ms. Diaz is also Chief Executive Officer of Catalyst ADV, a technology and strategic growth advisory firm. She brings decades of experience in government and corporate leadership with expertise in technology governance, cybersecurity, management of complex IT systems and infrastructure, and digital transformation to the Canoo Board of Directors. James C. Chen is former Vice President of Regulatory Affairs & Deputy General Counsel at Tesla and former Vice President of Public Policy & Chief Regulatory Counsel at Rivian Automotive. Mr. Chen is currently a shareholder at the law firm of Babst, Calland, Clements and Zomnir in the firm's transportation technology and energy practice. He brings extensive experience in designing and implementing solutions for complex legal, policy, and regulatory matters to the board. Ms. Diaz said: "Canoo's innovative design, utilization of smart technology, and expert staff are very impressive. The company has built commercial orders in addition to U.S. government and military partnerships to transform future mobility. As Canoo scales and manufactures more electric vehicles, there will be an increased need to assure that risk-based data and system protections are in place to create a world-class infrastructure. I am excited to be part of the Canoo board and to help establish the roadmap for Canoo's digital transformation journey.” Mr. Chen said: “What excites me about Canoo is its approach of focusing on commercial fleets by taking the company's transformative technology and tailoring innovative approaches to where the demand for electrification is the greatest. That vision of combining the benefits of EVs with the demand of fleet owners and operators is incredibly inspiring.” Additionally, Ms. Josette Sheeran and Mr. Rainer Schmueckle are resigning from the Board of Directors with Ms. Sheeran leaving her role as President and moving to the role of strategic advisor to the CEO. “I look forward to continuing working with Josette in her new role as strategic advisor to the CEO. Josette was instrumental in the re-founding of Canoo, our government partnerships such as with the State of Oklahoma, and our selection by NASA to provide the Crew Transportation Vehicles for the Artemis launches,” said Mr. Aquila. Mr. Aquila added: “I appreciate Rainer's service and the many years of legacy experience he brought us from his time with Daimler AG and Freightliner.” “The additions of Ms. Diaz and Mr. Chen to our board was a team effort and exemplify our commitment to an impressive independent board of innovators and pioneers in the mobility sector with deep skillsets that are additive to the next phase of Canoo's growth,” said Mr. Aquila. The current independent members of the board include: Thomas Dattilo is an accomplished executive and advisor who held executive roles at several automotive industry companies, including CEO of Viper Motor Car Company, a Chrysler company, Chairman, President, and CEO of Cooper Tire & Rubber Company, and various senior positions with Dana Corporation. Mr. Dattilo is currently on the boards of L3 Harris Technologies and Haworth. Claudia Romo Edelman is an award-winning social entrepreneur and a catalyst for positive change. She's led marketing and advocacy initiatives for global organizations, including the United Nations, UNICEF, and the World Economic Forum. Currently she is Founder and CEO of We Are All Human Foundation, a foundation dedicated to advancing the agenda of equality, diversity, and inclusion. Arthur Kingsbury has nearly five decades of experience in business, finance, and corporate governance. He has served on the boards of Solera Holdings, Dolan Media Co., Remark Holdings, NetRatings, Affiliated Publications, and McCaw Cellular Communications. Foster Chiang is former Vice Chairman of TPK Holding Co. Currently he is on the board of TES Touch Embedded Solutions (Xiamen) Co. and a member of the Board of Trustees of the Taft School. Debra von Storch is a former Partner at Ernst & Young, where she specialized in advising early-stage to rapid-growth companies. She currently serves as an advisory board member of Varidesk and a board member of the North Texas Chapter of the National Association of Corporate Directors.

Canoo Appoints Former NASA Chief Technology Officer Deborah Diaz and Veteran EV Transportation Leader James Chen to Board of Directors

RE/MAX Hld

Let's face reality – the very concept of struggling stocks to sell is an ugly one. In many ways, the loyalty to the enterprises in our portfolio is understandable.

News for Canoo Stock (GOEV)