Arrival에 대한 매도 수량은 투자자에게 Arrival의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Arrival (OTC:ARVLF) 주식, 공매도 수량 보고

Arrival is reinventing the automotive industry with its entirely new approach to the design and assembly of electric vehicles. The initial focus for the company is the production of commercial electric vehicle vans and buses.

Equities

News

Media

ARVLF

FFIE

FSRN

GOEV

HYZN

KARS

LCID

NKLA

RIVN

TSLA

WKHS

XPEV

더 넓은 시장이 사상 최고치에 근접하며 마감했음에도 불구하고 전기 자동차(EV) 주식은 6월 14일에 끝난 주에 대부분 하락했다. 테슬라(NASDAQ:TSLA)는 지난주 목요일 연례 주주총회에서 주목을 받았다. 이 주에는 영국의 EV 스타트업 어라이벌(OTC:ARVLF)도 파산 신청을 확인했다.

주간 주요 전기차 뉴스: 테슬라의 연례 주총, 피스커의 리콜, 워크호스의 주식 역분할 등

Arrival

HC Wainwright &amp; Co. analyst Raghuram Selvaraju maintains Axsome Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) with a Buy and raises the price target from $180 to $190.

Price Target

Analyst Ratings

AXSM

HC Wainwright & Co. Maintains Buy on Axsome Therapeutics, Raises Price Target to $190

Needham analyst Quinn Bolton reiterates Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) from Hold to Hold.

Reiteration

INTC

Needham Reiterates Hold on Intelto Hold

B of A Securities analyst Jason Kupferberg maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Neutral and raises the price target from $331 to $363.

B of A Securities Maintains Neutral on Visa, Raises Price Target to $363

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Baird analyst Benjamin Hartford downgraded the rating for United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) from Outperform to Neutral and lowered the price target from $160 to $130. UPS shares closed at $114.90 on Thursday. <a href="https://www.benzinga.com/quote/UPS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Neil Mehta downgraded Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) from Neutral to Sell and slashed the price target from $54 to $45. Occidental Petroleum shares closed at $48.92 on Thursday. <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler analyst Michael Lavery downgraded the rating for The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) from Neutral to Underweight and cut the price target from $153 to $120. Hershey shares closed at $152.14 on Thursday. <a href="https://www.benzinga.com/quote/HSY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Jessica Reif Cohen downgraded Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) from Buy to Neutral and lowered the price target from $50 to $38. Comcast shares closed at $33.25 on Thursday. <a href="https://www.benzinga.com/quote/CMCSA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities analyst Neal Dingmann downgraded the rating for Murphy Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) from Buy to Hold and lowered the price target from $42 to $31. Murphy Oil shares closed at $27.47 on Thursday. <a href="https://www.benzinga.com/quote/MUR/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying OXY stock? Here&#8217;s what analysts think: 
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Downgrades

Pre-Market Outlook

Markets

Trading Ideas

CMCSA

This Occidental Petroleum Analyst Turns Bearish; Here Are Top 5 Downgrades For Friday

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Vir Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIR#NASDAQ">VIR</a>) with a Buy and maintains $110 price target.

HC Wainwright & Co. Reiterates Buy on Vir Biotechnology, Maintains $110 Price Target

B of A Securities analyst Ken Hoexter maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Buy and lowers the price target from $150 to $133.

B of A Securities Maintains Buy on United Parcel Service, Lowers Price Target to $133

Needham analyst Joseph Stringer reiterates Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) from Hold to Hold.

VRTX

Needham Reiterates Hold on Vertex Pharmaceuticalsto Hold

23andMe Holding Released New Polygenic Risk Score Report On The Genetics Of Osteoporosis For 23andMe+ Premium Members

WIIM

ABBV

AbbVie shares are trading higher following better-than-expected Q4 financial results.

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Mind Medicine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNMD#NASDAQ">MNMD</a>) with a Buy and maintains $55 price target.

MNMD

HC Wainwright & Co. Reiterates Buy on Mind Medicine, Maintains $55 Price Target

A new player in the AI arena, DeepSeek, has unveiled an open-source language model, R1, that experts say is a game-changer in efficiency, raising questions about the <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43244653/bitcoin-ethereum-solana-crash-heres-why-chinas-low-cost-ai-model-deepseek-may-be-to-blame">future of AI development.</a>
<h2 class="wp-block-heading">The DeepSeek Effect</h2>
Developed for under $6 million, DeepSeek&#8217;s R1 has not only outperformed established competitors in several tests but has also called into question the established big-spending approach prevalent in Silicon Valley. 
This development has triggered a mix of optimism about democratized AI and fears of an AI stock bubble bursting, sending ripples throughout financial markets.
&#8220;Another DeepSeek is hiding in plain sight,&#8221; said Roi Ginat, CEO of Endless AI, a multimodal AI company, highlighting DeepSeek's influence in making impactful AI with limited resources. 
Ginat&#8217;s own company, EndlessAI, has been working on efficient video processing, echoing DeepSeek's stand to using LLMs in practical, cost-effective ways. 
Ginat told Benzinga that EndlessAI provides the tools to make existing models work smarter by using proprietary video transfer optimization which enables massive cost reduction for video processing, adding that this is complementary, not competitive, with what DeepSeek is doing.
Speaking with Benzinga, Satya Nitta, CEO of Emergence AI, an AI orchestration company, echoed the sentiment, calling DeepSeek R1 a &#8220;meaningful advance in broadening access to AI reasoning.&#8221; 
Nitta emphasized the importance of open-source solutions that are not only trusted but also scalable and adaptable to evolving needs.
Matthew Putman, CEO of Nanotronics, an industrial AI company, told Benzinga that DeepSeek&#8217;s achievement demonstrates that &#8220;it is possible to do more with less,&#8221; suggesting that resource constraints may fuel innovation. 
Putman sees these developments as essential for broader adoption of AI for industries beyond just text generation, stressing it's critical for advancing semiconductor production, which makes AI technology possible.
Mitesh Agrawal, CEO of Positron, an AI hardware company, pointed to DeepSeek&#8217;s success as evidence that &#8220;inference-time compute is the new scaling factor&#8221; in AI development, delivering real results with optimized systems. 
Agrawal told Benzinga that performance per dollar and performance per watt are critical to make the best AI models accessible.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43356514/helix-debuts-ai-index-perpetual-market">Helix Debuts AI Index Perpetual Market, Bridging Crypto And Traditional Equities On-Chain</a>
<h2 class="wp-block-heading">Is DeepSeek A Cause For Concern?</h2>
However, concerns also accompany this disruptive innovation.
Speaking with Benzinga, Pukar Hamal, CEO of SecurityPal, an AI-enhanced security review company, warned about the security and regulatory implications of an "open-source" model with unknown alignment. 
Hamal highlighted the &#8220;gas law&#8221; of computing, whereby cheaper compute expands markets, but also stressed the need for guardrails to protect the public and maintain compliance.
These concerns translated into market jitters on the day DeepSeek news first broke.
The Nasdaq Composite dropped 2.7% on Monday, the S&amp;P 500 slid 1.6% and the Dow Jones Industrial Average dipped 0.1% following the DeepSeek announcement.
The announcement of a new low-cost, high-performance open source AI model that competes with existing proprietary AI systems also drove volatility in the cryptocurrency market. 
Crypto markets also took a hit, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) falling 5.5% and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) dropping 7% on Monday before recovering.
Other major altcoins also experienced significant losses, as traders grappled with the potential implications of DeepSeek&#8217;s emergence.
On Monday, altcoins like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), BNB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) were down 11%, 3.5%, 9% and 8.5%, respectively.
<h2 class="wp-block-heading">What&#8217;s Next For DeepSeek</h2>
DeepSeek's disruptive impact is already rippling through financial markets. 
The sharp declines in AI-related stocks and cryptocurrencies suggest that investors are reassessing the sustainability of current AI valuations. 
Analysts warn that DeepSeek's ability to deliver high-performance AI at a fraction of traditional costs may force industry leaders to rethink their strategies.
Moreover, experts believe DeepSeek's approach could reshape the $25 billion computer vision market and redefine the scalability of AI applications. 
As companies continue to push the boundaries of multimodal AI, the industry appears poised for a shift toward leaner, more efficient AI models that can thrive outside the confines of billion-dollar research labs.
In the face of this transformation, the question remains: will legacy AI firms adapt to the new paradigm, or will DeepSeek's breakthrough mark the beginning of a broader industry upheaval?
Read Next: 
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Experts Say DeepSeek Proves High-Performance AI Possible Without Silicon Valley's Spending

Guidance

AbbVie Sees FY25 Adj. EPS $12.12-$12.32 vs $10.08 Est.; Reaffirms Long-Term Revenue Growth Outlook of High Single-Digit CAGR Through 2029

YMAB

Y-mAbs Therapeutics Says It Will Present Preclinical And Translational Pharmacokinetics Data Of GD2-SADA In A Poster At Society Of Nuclear Medicine & Molecular Imaging Mid-winter And American College Of Nuclear Medicine Annual Meeting

Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) reported its Q3 earnings results on Friday, January 31, 2025 at 07:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Hitachi missed estimated earnings by -9.0%, reporting an EPS of $0.4 versus an estimate of $0.44.
Revenue was up $903.00 million from the same period last year.
<h3>Historical Earnings Summary</h3>
In the previous quarter, the company missed on EPS by $0.07, resulting in a 5.0% increase change in the share price the following day.
Here's a look at Hitachi's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.41</td>
<td>0.05</td>
<td>0.33</td>
<td>0.34</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.49</td>
<td>1.02</td>
<td>0.64</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>15.82B</td>
<td>12.27B</td>
<td>15.53B</td>
<td>13.49B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>15.68B</td>
<td>14.19B</td>
<td>18.68B</td>
<td>15.28B</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Hitachi management provided guidance for FY 2024, expecting earnings between $0.91 and $0.91 per share.
To track all earnings releases for Hitachi <a href="https://www.benzinga.com/quote/HTHIY/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

HTHIY

Earnings Summary: Hitachi Q3

AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) reported quarterly earnings of $2.16 per share which beat the analyst consensus estimate of $2.11 by 2.37 percent. This is a 22.58 percent decrease over earnings of $2.79 per share from the same period last year. The company reported quarterly sales of $15.102 billion which beat the analyst consensus estimate of $14.827 billion by 1.85 percent. This is a 5.60 percent increase over sales of $14.301 billion the same period last year.

Earnings Beats

AbbVie Q4 2024 Adj. EPS $2.16 Beats $2.11 Estimate, Sales $15.102B Beat $14.827B Estimate

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Lineage Cell Therapeutics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LCTX#AMEX">LCTX</a>) with a Buy and maintains $9 price target.

LCTX

HC Wainwright & Co. Reiterates Buy on Lineage Cell Therapeutics, Maintains $9 Price Target

First BanCorp. Reveals Strategic Reorganization Aligned With Corporate Succession Plan Aimed At Improving Operational Efficiency, Enhancing Customer Experience, And Driving Business Transformation To Align Resources For Growth

HC Wainwright &amp; Co. analyst Edward White reiterates Valneva (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) with a Buy and maintains $18 price target.

VALN

HC Wainwright & Co. Reiterates Buy on Valneva, Maintains $18 Price Target

Samsung Electronics Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) <a target="_blank" href="https://www.benzinga.com/topic/samsung" rel="noreferrer noopener">reported fourth-quarter revenue</a> growth of 12% year-on-year to 75.8 trillion Korean won ($52.2 billion).
Operating profit declined by 30% Q/Q to 6.5 trillion Korean won due to soft market conditions, especially for IT products, and higher R&amp;D expenditures.
The DS Division (encompassing Memory and S.LSI / Foundry) posted 30.1 trillion Korean won in revenue (versus 21.7 trillion Korean won Y/Y) backed by a higher blended DRAM average selling price (ASP) due to the increased sales of high-bandwidth memory (HBM) and high-density <a target="_blank" href="https://www.samsung.com/global/ir/financial-information/earnings-release/" rel="noreferrer noopener">DDR5 for servers</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/43165472/samsung-taps-google-ai-qualcomm-tech-for-galaxy-s25-to-rival-apples-iphone" rel="noreferrer noopener">Samsung Taps Google AI, Qualcomm Tech for Galaxy S25 to Rival Apple&#8217;s iPhone</a>
The division reported 2.9 trillion Korean won in operating profit (versus a loss of (2.2) trillion Korean won Y/Y).
Samsung Display Corp Division, posted 8.1 trillion Korean won in revenue (versus 9.7 trillion Korean won Y/Y). The division reported 0.9 trillion Korean won in operating profit (versus 2.0 trillion Korean won Y/Y) due to sluggish smartphone demand and rising competition for the mobile display business.
The Mobile eXperience (MX) and Networks businesses posted 25.8 trillion Korean won in revenue (versus 25.0 Korean won Y/Y). The division reported 2.1 trillion Korean won in operating profit (versus 2.7 trillion Korean won Y/Y).
The quarterly capex was 17.8 trillion Korean won, with 16 trillion Korean won allocated to the DS Division and 1 trillion Korean won to SDC.
While overall earnings improvement may be limited in the first quarter of 2025 due to weakness in the semiconductors business, the company aims to pursue growth through increased sales of smartphones with differentiated AI experiences and premium products in the Device eXperience (DX) Division.
For 2025, the company plans to enhance technological and product advantages in AI, meet future demand for high-value-added products, and drive sales growth in premium segments.
Samsung, in a preliminary earnings report, flagged sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business, with earnings also dented by rising R&amp;D costs and early investments in expanding advanced-chip processing capability, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/business/earnings/samsungs-net-profit-beats-consensus-but-chip-woes-weigh-cad40447?mod=tech_lead_pos1" rel="noreferrer noopener">reports</a>.
SK Hynix has left Samsung behind in HBM, Eric Ross of Cascend Securities, <a target="_blank" href="https://www.cnbc.com/2025/01/31/samsung-fourth-quarter-profit-falls-short-of-estimates-as-ai-demand-remains-strong.html" rel="noreferrer noopener">told</a> CNBC. Micron Technology, Inc also gained ground, Ross told. PC and smartphone DRAM markets are under price pressure, he added.
Nabila Popal of IDC told CNBC that Samsung&#8217;s share of the premium market has inched closer to market leader Apple Inc thanks to the former&#8217;s Galaxy S24 series featuring Galaxy AI.
Also Read:
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<li><a href="https://www.benzinga.com/media/25/01/43352019/amazon-cuts-more-jobs-in-cost-saving-push-report" target="_blank" rel="noreferrer noopener">Amazon Cuts More Jobs in Cost-Saving Push: Report</a></li>
</ul>
Image via Shutterstock.

SSNLF

Samsung Q4 Earnings: 12% Revenue Growth, Closes Gap With Apple In Premium Phones, Eyes AI-Powered Growth In 2025

NLSP

NLS Pharmaceutics And Kadimastem Says Shareholders Approved Their Merger, Bringing Companies One Step Closer To Creating A Combined Nasdaq-traded Biotechnology Company With Portfolio Of Advanced Therapies For Neurodegenerative Diseases And Diabetes

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Demand for EVs remains robust based on delivery numbers by some of the leading firms in the sector.&nbsp; Further, the expectation of rate cuts later this year promises to boost the sagging industry.&nbsp;



Yet that does not imply that investors should throw their hard-earned capital at <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> indiscriminately. In fact, there continues to be a glut of junk stocks available throughout the EV sector.&nbsp;



The automotive industry is one that is known for tight margins and difficult to secure profitability. The introduction of electric drive chain trains into that equation increases risk.



Beyond that simple truth, the special purpose acquisition companies (SPAC) that fueled the boom bringing many EV firms public continue to fail. The remnants of that boom linger and represent some of the weakest investments. Let&rsquo;s take a look at three EV stocks that investors must avoid.



<h2>Arrival (ARVLF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/electric-vehicles1600-300x169.png" alt="Yellow electric vehicles at the charging station."><div>Source: Ronald Rampsch / Shutterstock.com</div></div>It wasn&rsquo;t long ago that Arrival (OTCMKTS:<a href="https://investorplace.com/stock-quotes/arvlf-stock-quote/">ARVLF</a>) stock traded on the Nasdaq exchange. It now trades over-the-counter. The company is a prime example of the SPAC companies that continue to fall like flies.&nbsp;



Arrival is very clearly in trouble given that the company failed to post financial results on time. It then failed to submit a remediation package to the Nasdaq leading to its delisting. The company is currently considering a sale of its assets which is another way of saying that it is approaching bankruptcy.



The overarching premise of Arrival, and the reason it became so valuable, was its manufacturing approach. The company intended to leverage what it referred to as &lsquo;microfactories&rsquo; to substantially increase production efficiency.



However, the company was never capable of getting production humming as it had hoped. Ultimately, the company was <a href="https://techcrunch.com/2024/01/29/arrival-nasdaq-delisting-spac-ev/">incapable of producing</a> even a single production-level vehicle for any of its partners. It goes without saying that its promise of highly efficient microfactories was little more than a pipe dream. It should only fall further in value as a result.



<h2>ChargePoint (CHPT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/chargepoint-sbe-1600-300x169.jpg" alt="CHPT a chargepoint charging station"><div>Source: Michael Vi / Shutterstock.com</div></div>ChargePoint (NYSE:<a href="https://investorplace.com/stock-quotes/chpt-stock-quote/">CHPT</a>) has gone from the clear leader in the EV charging space to highly maligned stock today. The company had a strong lead just a few years ago and a massive advantage in the size of its network relative to its competitors. Its rapid decline is the primary reason for investors to avoid the stock at all costs.



The company announced that it was <a href="https://s22.q4cdn.com/779683160/files/doc_news/ChargePoint-Announces-Reorganization-to-Position-Itself-for-Long-Term-Sustainable-Growth-2024.pdf">going to fire</a> 12% of its workforce back in early January. Of course, it referred to that decision as a &lsquo;strategic reorganization&rsquo; but it&rsquo;s nothing more than an admission that the company is failing.



It should be no surprise then that the financial picture is bleak at ChargePoint. Revenues declined by 12% during the most recent quarter. <a href="https://s22.q4cdn.com/779683160/files/doc_financials/2024/q3/CHPT-8-K-ER-FY2024-Q3-EX-99-1.pdf">Losses ballooned</a> from $84.5 million to $158.2 million.&nbsp;



The company is also <a href="https://www.businesswire.com/news/home/20231205047885/en/CHARGEPOINT-SHAREHOLDER-ALERT-BY-FORMER-LOUISIANA-ATTORNEY-GENERAL-Kahn-Swick-Foti-LLC-Reminds-Investors-With-Losses-in-Excess-of-100000-of-Lead-Plaintiff-Deadline-in-Class-Action-Lawsuit-Against-Cha">now facing a class action lawsuit</a> for investors who lost more than $100,000 after investing in CHPT stock. Executives are charged with failing to disclose materially relevant information which is a violation of federal securities law.&nbsp;



<h2>Workhorse Group (WKHS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/wkhs_1600_b_workhorse-300x169.jpg" alt="Image of a Workhorse (WKHS) logo and drone on the side of a truck."><div>Source: Photo from WorkHorse.com</div></div>Workhorse Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/wkhs-stock-quote/">WKHS</a>) is another once-promising EV stock that is rapidly approaching dissolution. The company produces vans and drones and was once a prime candidate to win substantial business from the U.S. Postal Service. It ultimately failed to land that contract and has continued to slide ever since.



These days the company continues to avoid bankruptcy by producing four vans per week while relying on the promise of a combination of government handouts. Those handouts include grants and subsidies that ostensibly make it investment worthy.&nbsp;



Yet, the company is nowhere near profitability. The minimal sales that it does garner are far outweighed by the costs associated with those sales. The $8 million in sales the company managed to capture in the first nine months of 2023 led to a <a href="https://ir.workhorse.com/news-events/press-releases/detail/240/workhorse-group-reports-third-quarter-2023-results">gross loss of $11 million</a>. That is simply the difference between the sales and the total cost of sales. The company&rsquo;s net loss was much larger at $78.6 million.



There is no rational reason for investors to consider placing their capital into Workhorse at this time and there likely never will be.



On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.
<div>Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/02/3-ev-stocks-to-ignore-before-they-fall-even-further/">3 EV Stocks to Ignore Before They Fall Even Further</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 EV Stocks to Ignore Before They Fall Even Further

Fisker halts production as it goes on overdrive trying to secure funds

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Electric vehicle (EV) startup Canoo (NASDAQ:<a href="https://investorplace.com/stock-quotes/goev-stock-quote/">GOEV</a>) &mdash; which specializes in developing lifestyle vans using its modular &ldquo;skateboard&rdquo; frame &mdash; has been in the news. Specifically, the company <a href="https://techcrunch.com/2024/03/25/bankrupt-ev-startup-arrival-sold-its-assets-to-canoo/">bought assets from bankrupt EV competitor</a> Arrival (OTCMKTS:<a href="https://investorplace.com/stock-quotes/arvlf-stock-quote/">ARVLF</a>). However, the market didn&rsquo;t appreciate the announcement, sending GOEV stock down 15% today amid a challenging environment for EV manufacturers.



According to a TechCrunch article published Monday afternoon following the closing bell, Canoo touted its asset acquisition as a cost-saving measure that will ultimately reduce capital expenditures by 20%. Further, management disclosed that the assets &mdash; packed into more than 20 container ships &mdash; will be sent to the company&rsquo;s facility in Oklahoma.



The EV maker didn&rsquo;t specify whether the acquisition involved just physical assets or included intellectual property.



In a <a href="https://www.nwaonline.com/news/2024/mar/26/canoo-announces-arrival-automotive-uk-limited-assets-buy/">company statement</a>, Canoo CEO and Executive Chairman Tony Aquila remarked, &ldquo;[o]ur current strategy will save our shareholders tens of millions of dollars, which today is not properly reflected in the value of our company.&rdquo;



In January, Arrival announced that it planned to sell off assets and IP from its U.K. division after filing for bankruptcy protection in the U.K. It&rsquo;s a dramatic fall from grace. Once valued at more than $13 billion and backed by Hyundai (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hymtf-stock-quote/">HYMTF</a>) and United Parcel Service (NYSE:<a href="https://investorplace.com/stock-quotes/ups-stock-quote/">UPS</a>), Arrival has subsequently lost almost all its equity value.



<h2>GOEV Stock Struggles Amid EV Sector Challenges</h2>



One of the main motivations behind the acquisition was the implied addition of shareholder value. Per a news release, the deal covers &ldquo;a substantial portion&rdquo; of &ldquo;advanced manufacturing assets&rdquo; at a discount of 80% or more.



Another factor to consider is that Canoo features an order book value of more than $3 billion, with enterprise-level clients that include Walmart (NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>). In particular, Canoo has a deal in place with the big-box retailer to sell 4,500 vehicles. However, the company has struggled to convert those sales into deliveries, which factors into the volatility of GOEV stock.



To be fair, Canoo has <a href="https://journalrecord.com/2024/01/canoo-delivers-first-electric-vehicles-to-state/#:~:text=According%20to%20a%20release%2C%20the,assembly%20facility%20in%20Oklahoma%20City.">started deliveries</a>. For example, earlier this year, the company presented three of its LDV 130 vehicles to the state of Oklahoma. They represent the first commercial automobiles built in-state since 2006. They&rsquo;re also the first batch of vehicles to come out of Canoo&rsquo;s Oklahoma City facility.



However, the EV sector overall has been troubled due to multiple challenges, including stiff competition and a price war. Notably, legacy automakers have begun <a href="https://www.cnbc.com/2024/03/13/ev-euphoria-is-dead-automakers-trumpet-consumer-choice-in-us.html">scaling back</a> or delaying their EV transition plans. Further, a federal ruling giving an <a href="https://investorplace.com/2024/03/why-are-so-many-ev-stocks-down-today/">extended lease on life for combustion-powered vehicles</a> doesn&rsquo;t help.



<h2>Why It Matters</h2>



While GOEV stock faces many obstacles, the few analysts who cover the company believe unanimously that it&rsquo;s a <a href="https://www.tipranks.com/stocks/goev/forecast">strong buy</a>. The most recent &ldquo;buy&rdquo; rating came from Alliance Global Partners&rsquo; Poe Fratt, though a price target was not specified.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/03/goev-stock-alert-canoo-just-bought-assets-from-bankrupt-arrival/">GOEV Stock Alert: Canoo Just Bought Assets From Bankrupt Arrival</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

GOEV Stock Alert: Canoo Just Bought Assets From Bankrupt Arrival

Arrival SA (ARVLF) has released an update. Arrival SA, a Luxembourg-based company, has declared bankruptcy following a court ruling on May 22, 2024...

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