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2021-06-21

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Plug Power: This Stock Fails To Get Us Charged Up

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17:37","market":"us","language":"en","title":"Plug Power: This Stock Fails To Get Us Charged Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1196746626","media":"seekingalpha","summary":"Summary\n\nPlug Power, the producer of hydrogen fuel cell solutions, has had a turbulent history, with","content":"<p><b>Summary</b></p>\n<ul>\n <li>Plug Power, the producer of hydrogen fuel cell solutions, has had a turbulent history, with the stock trading at just a fraction of its 1999 tech boom price.</li>\n <li>Despite experiencing a renaissance in the 2020 tech and growth surge, the stock appears to be re-rating back to its earlier valuation multiple as investor optimism falters.</li>\n <li>Management has high hopes for the future, with an impressive slide-deck published in the fall of 2020 laying out how they see the company developing in the near future.</li>\n <li>While forecasts are impressive to read, investors should consider whether there is enough substance in the numbers to back them up.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd52b10176701b73dd7d557921bfd29e\" tg-width=\"768\" tg-height=\"480\"><span>3alexd/E+ via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Despite a strong end to 2020, fuelled by investor optimism for all things linked to our clean and green future, this stock appears to be re-rating back to its former valuation multiple.While there are many factors investors will point towards to support a bull thesis, in our opinion many forward-looking projections are overly ambitious and may ultimately be out of reach. We question whether the total addressable market is significant enough for Plug to prosper, particularly in the light of strong competition.</p>\n<p><b>The Background to our thesis</b></p>\n<p>Plug Power (PLUG) was a roaring success in the latter part of 2020, increasing by over 400% to its January 2021 peak, before crashing back down to earth as the stock was hit by an&nbsp;accounting scandal.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c03000d0db7000dd850fad52fdd9068\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>The accounting issues have been covered in detail in the article linked above, so we won’t pore over them in too much detail here, except to say we are big believers in the old adage - “if in doubt, get out.\" An accounting scandal and a restatement of prior year figures is perhaps not the wisest foundations with which to build an investment decision in our opinion.</p>\n<p>Whether an accounting scandal is considered a red flag from an investment thesis or not, most investors would baulk at the thought of investing in a firm with legal concerns and unknown liabilities. Unfortunately, for PLUG stockholders, that is exactly what is laid out in the company’s most recent&nbsp;annual report, with a flurry of legal proceedings being filed in early 2021 off the back of the accounting scandal, adding to earlier proceedings from staff involved in an accident which is yet to be resolved. For many investors, these flags would be enough to deter them from an investment. However, a contrary argument may be that these factors are already priced in and the company's future may be rosier. Let's consider what the future holds for Plug Power.</p>\n<p><b>Considering Plug Power's Valuation</b></p>\n<p>As long-term growth investors, the consideration of valuation is not normally the first port of call when considering an investment decision. We’ve previously laid out our belief that what seems expensive, often is so for good reason, when laying out a bull thesis for other stocks. However, in this case we think it paints a very different story. When considering the valuation of Plug Power, we note a current enterprise value of $16.1 billion, being a $16.8 billion market cap, deducting $1.3 billion cash and adding $0.6 billion in debt. This gives us a forward looking EV/Sales figure for the next twelve months of 36.</p>\n<p>While the multiple itself is high by most gauges, as we’ve outlined, the number itself is not really our primary concern. If we delve a little deeper into the valuation story, what we can see is a company that traded at 3.8 times its next twelve-month revenues in September 2019 (using the same metrics outlined above). This multiple increased gradually to 12.3 by June 2020, before exploding as high as 56 times next twelve-month sales in December 2020.</p>\n<p>This incredible volatility in valuation multiple does not appear to have been triggered by developing sales or profitability. PLUG's quarter-on-quarter last twelve-month sales increased a modest 50% between September 2019 and September 2020 ($198 million September 2019 and $308 million September 2020). Thereafter a large decline, caused by their accounting irregularities, led to a December 2020 loss of $94 million.</p>\n<p>It's our thesis that the stock price surge was not built on any solid financial foundation, more likely linked to investor appetite for exposure to companies that may benefit from future environmental trends, and potentially the strong forecasts from management. As the projections have not yet played out in the numbers, the share price has suffered and this is a trend we expect to continue to see.</p>\n<p>One positive case that can be made for PLUG's future from a valuation perspective is that despite negatively trending income statement features, the company appears to have a strong balance sheet. The considerable cash and cash equivalent balance ($1.3 billion) by far surpasses their current and long-term liabilities ($784 million), meaning PLUG should have no issues in withstanding short-term poor performance.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a02d2db1e6065bc1e3501e02da38a16a\" tg-width=\"624\" tg-height=\"229\"><span>(Source: PLUG's 2020 Annual report)</span></p>\n<p>The company's current ratio of 7.21, being current assets divided by current liabilities, suggests a company more than able to continue operations despite being in a loss-making position.While this is encouraging from a bull thesis perspective, our core investment strategy is more revenue and growth orientated. PLUG certainly appears to be well capitalized, yet that alone will not enable the company to drive returns for investors. One obvious option for PLUG would be to deploy their cash into projects that would develop new revenue streams and enhance their earnings position.</p>\n<p><b>Consideration of growth opportunities</b></p>\n<p>Since we deviated from our normal order of assessment, let’s now return to where the thesis normally begins, that is the story of the company itself. Do we consider this investment story to paint a positive picture of future growth, with products that will change the company fortunes and lead to a prosperous future? If we’re honest, right now, no. Let’s assess why that is the case.</p>\n<p>Firstly, PLUG is a producer of hydrogen powered fuel cell solutions, outlining in their recent&nbsp;annual report&nbsp;that they see their products in “material handling vehicles and industrial trucks.\" This is the first factor that investors should be acutely aware of. The hype of 2020 may have gotten some investors carried away with this “battery producer” for electric vehicles, without understanding its position in the market.</p>\n<p>The vehicle battery market is well laid out by this&nbsp;IHS Markit report, which considers the future prospects for hydrogen fuel cells. If you’re bullish on PLUG, this report will give some encouragement, showing that there is a strong increase expected in both vehicles and charging stations in the coming years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c627200e94e6301508a5f09d5381a43b\" tg-width=\"640\" tg-height=\"251\"><span>(Source:IHS Markit)</span></p>\n<p>However, it’s not the headline numbers that caught our eye in this report, but the description of where exactly hydrogen-powered batteries sit within the marketplace. According to the report, while there are clear benefits of hydrogen over the lithium batteries used by Tesla and others, the downside is that they use “more complex processes” and have “about half the wheel to wheel efficiency of battery electric,” concluding that they are more suitable for vehicles with heavier weights and longer trip times – think industrial vehicles and buses.</p>\n<p>In our consideration of the story, this dramatically reduces the total addressable market (\"TAM\"). Yes, there are a lot of industrial vehicles in the world, but there is a significantly larger market for standard lighter automobiles, boats, light-aircraft and drones.</p>\n<p>Our assessment of the story is enhanced further by reporting from the International Energy Agency, who lay out their future projections for electric light duty vehicles (“LDV”) in the graph below – electric cars essentially. With projections for up to 200 million units expected to be on the road in 2030, up from 22 million today. In our opinion, if investing in the clean and green future of electric vehicles, the LDV space is far more appealing, and the smaller TAM in the hydrogen fuel cell space is a concern to the company's long-term prospects.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59bfbab3f6732c318b381f6832adfd3d\" tg-width=\"640\" tg-height=\"342\"><span>(Source :IEA 2021 Report)</span></p>\n<p><b>The contrary thesis for PLUG</b></p>\n<p>We should also consider the counter argument to our thesis on the PLUG story. The bulls will be screaming that despite the smaller market, many companies have been highly profitable while cornering a certain segment of a larger market. That would undoubtedly be a fair assessment to make overall; however, do we consider that PLUG is best placed to do so?</p>\n<p>In the heavy duty vehicle and hydrogen power market, there are already firms such as Proterra (PTRA), who have proof of concept and regular sales in electric buses. Plus it has become apparent that heavyweight competitors are entering the space, with General Motors' (GM&nbsp;)plans to supply&nbsp;fuel cells for locomotive trains. With this in mind, it is difficult to see PLUG capturing a significant portion of the smaller TAM that we defined earlier. Our thesis is that they may get squeezed out by this competition in the longer term.</p>\n<p>That being said, the company management clearly forecasts a bright future. Their impressive September 2020&nbsp;slide deck&nbsp;highlights their forecasts of an incredible surge in revenue growth to $1.2 billion in annual sales and $250 billion in operating EBITDA. This impressive growth will be fuelled by expansion of their existing operations and development of new market segments, such as hydrogen power plants, refueling stations, heavy duty electric vehicles, airplanes and even a \"gigafactory.\"</p>\n<p>The coining of a phrase synonymous with Tesla, via their gigafactory plans, may have whet the appetite of some investors. However, we are firmly in the let’s wait and see camp here. Firstly, on the revenue side, even excluding the 2020 annual loss and writing off to the restatement issues mentioned earlier, it’s hard to gather where the $1 billion figure comes from. That would be an approximate 6.5-fold increase on the 2019 annual revenues ($150 million) in a two and a half year period; pretty ambitious? Not quite as ambitious as doing so while increasing EBITDA to $250 million from a historic loss-making position, while presumably also increasing capital expenditure to fund their gigafactory, hydrogen plant, plane and truck expansions? Unfortunately, we are struggling to see the math.</p>\n<p><b>Our conclusions on Plug Power</b></p>\n<p>In a global environment currently shifting toward a greener and cleaner world, fuelled by more carbon efficient vehicles, it is no surprise that investors have high hopes for a stock such as PLUG. It is easy to read their marketing material and fall in love with the story and the projections. It's encouraging to see the bold plans that management have for the company; however, we would like to see more results before assuming that these can be executed.</p>\n<p>From the research we have undertaken, we believe that the total addressable market for PLUG is smaller than currently perceived by the bulls. Long-term trends suggest that lithium batteries will be the clear leader in fuelling our greener future and we believe the hydrogen market will be considerably smaller, impacting PLUG's ability to grow. When considering this, alongside the strong competition within their subsector, the accounting and litigation red flags we noted earlier, we believe that PLUG may continue to see multiple contraction and a reduction in market cap - hence our bearish outlook at this point in time.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power: This Stock Fails To Get Us Charged Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power: This Stock Fails To Get Us Charged Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 17:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435786-plug-power-this-stock-fails-to-get-us-charged-up><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nPlug Power, the producer of hydrogen fuel cell solutions, has had a turbulent history, with the stock trading at just a fraction of its 1999 tech boom price.\nDespite experiencing a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435786-plug-power-this-stock-fails-to-get-us-charged-up\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://seekingalpha.com/article/4435786-plug-power-this-stock-fails-to-get-us-charged-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196746626","content_text":"Summary\n\nPlug Power, the producer of hydrogen fuel cell solutions, has had a turbulent history, with the stock trading at just a fraction of its 1999 tech boom price.\nDespite experiencing a renaissance in the 2020 tech and growth surge, the stock appears to be re-rating back to its earlier valuation multiple as investor optimism falters.\nManagement has high hopes for the future, with an impressive slide-deck published in the fall of 2020 laying out how they see the company developing in the near future.\nWhile forecasts are impressive to read, investors should consider whether there is enough substance in the numbers to back them up.\n\n3alexd/E+ via Getty Images\nInvestment Thesis\nDespite a strong end to 2020, fuelled by investor optimism for all things linked to our clean and green future, this stock appears to be re-rating back to its former valuation multiple.While there are many factors investors will point towards to support a bull thesis, in our opinion many forward-looking projections are overly ambitious and may ultimately be out of reach. We question whether the total addressable market is significant enough for Plug to prosper, particularly in the light of strong competition.\nThe Background to our thesis\nPlug Power (PLUG) was a roaring success in the latter part of 2020, increasing by over 400% to its January 2021 peak, before crashing back down to earth as the stock was hit by an accounting scandal.\nData by YCharts\nThe accounting issues have been covered in detail in the article linked above, so we won’t pore over them in too much detail here, except to say we are big believers in the old adage - “if in doubt, get out.\" An accounting scandal and a restatement of prior year figures is perhaps not the wisest foundations with which to build an investment decision in our opinion.\nWhether an accounting scandal is considered a red flag from an investment thesis or not, most investors would baulk at the thought of investing in a firm with legal concerns and unknown liabilities. Unfortunately, for PLUG stockholders, that is exactly what is laid out in the company’s most recent annual report, with a flurry of legal proceedings being filed in early 2021 off the back of the accounting scandal, adding to earlier proceedings from staff involved in an accident which is yet to be resolved. For many investors, these flags would be enough to deter them from an investment. However, a contrary argument may be that these factors are already priced in and the company's future may be rosier. Let's consider what the future holds for Plug Power.\nConsidering Plug Power's Valuation\nAs long-term growth investors, the consideration of valuation is not normally the first port of call when considering an investment decision. We’ve previously laid out our belief that what seems expensive, often is so for good reason, when laying out a bull thesis for other stocks. However, in this case we think it paints a very different story. When considering the valuation of Plug Power, we note a current enterprise value of $16.1 billion, being a $16.8 billion market cap, deducting $1.3 billion cash and adding $0.6 billion in debt. This gives us a forward looking EV/Sales figure for the next twelve months of 36.\nWhile the multiple itself is high by most gauges, as we’ve outlined, the number itself is not really our primary concern. If we delve a little deeper into the valuation story, what we can see is a company that traded at 3.8 times its next twelve-month revenues in September 2019 (using the same metrics outlined above). This multiple increased gradually to 12.3 by June 2020, before exploding as high as 56 times next twelve-month sales in December 2020.\nThis incredible volatility in valuation multiple does not appear to have been triggered by developing sales or profitability. PLUG's quarter-on-quarter last twelve-month sales increased a modest 50% between September 2019 and September 2020 ($198 million September 2019 and $308 million September 2020). Thereafter a large decline, caused by their accounting irregularities, led to a December 2020 loss of $94 million.\nIt's our thesis that the stock price surge was not built on any solid financial foundation, more likely linked to investor appetite for exposure to companies that may benefit from future environmental trends, and potentially the strong forecasts from management. As the projections have not yet played out in the numbers, the share price has suffered and this is a trend we expect to continue to see.\nOne positive case that can be made for PLUG's future from a valuation perspective is that despite negatively trending income statement features, the company appears to have a strong balance sheet. The considerable cash and cash equivalent balance ($1.3 billion) by far surpasses their current and long-term liabilities ($784 million), meaning PLUG should have no issues in withstanding short-term poor performance.\n(Source: PLUG's 2020 Annual report)\nThe company's current ratio of 7.21, being current assets divided by current liabilities, suggests a company more than able to continue operations despite being in a loss-making position.While this is encouraging from a bull thesis perspective, our core investment strategy is more revenue and growth orientated. PLUG certainly appears to be well capitalized, yet that alone will not enable the company to drive returns for investors. One obvious option for PLUG would be to deploy their cash into projects that would develop new revenue streams and enhance their earnings position.\nConsideration of growth opportunities\nSince we deviated from our normal order of assessment, let’s now return to where the thesis normally begins, that is the story of the company itself. Do we consider this investment story to paint a positive picture of future growth, with products that will change the company fortunes and lead to a prosperous future? If we’re honest, right now, no. Let’s assess why that is the case.\nFirstly, PLUG is a producer of hydrogen powered fuel cell solutions, outlining in their recent annual report that they see their products in “material handling vehicles and industrial trucks.\" This is the first factor that investors should be acutely aware of. The hype of 2020 may have gotten some investors carried away with this “battery producer” for electric vehicles, without understanding its position in the market.\nThe vehicle battery market is well laid out by this IHS Markit report, which considers the future prospects for hydrogen fuel cells. If you’re bullish on PLUG, this report will give some encouragement, showing that there is a strong increase expected in both vehicles and charging stations in the coming years.\n(Source:IHS Markit)\nHowever, it’s not the headline numbers that caught our eye in this report, but the description of where exactly hydrogen-powered batteries sit within the marketplace. According to the report, while there are clear benefits of hydrogen over the lithium batteries used by Tesla and others, the downside is that they use “more complex processes” and have “about half the wheel to wheel efficiency of battery electric,” concluding that they are more suitable for vehicles with heavier weights and longer trip times – think industrial vehicles and buses.\nIn our consideration of the story, this dramatically reduces the total addressable market (\"TAM\"). Yes, there are a lot of industrial vehicles in the world, but there is a significantly larger market for standard lighter automobiles, boats, light-aircraft and drones.\nOur assessment of the story is enhanced further by reporting from the International Energy Agency, who lay out their future projections for electric light duty vehicles (“LDV”) in the graph below – electric cars essentially. With projections for up to 200 million units expected to be on the road in 2030, up from 22 million today. In our opinion, if investing in the clean and green future of electric vehicles, the LDV space is far more appealing, and the smaller TAM in the hydrogen fuel cell space is a concern to the company's long-term prospects.\n(Source :IEA 2021 Report)\nThe contrary thesis for PLUG\nWe should also consider the counter argument to our thesis on the PLUG story. The bulls will be screaming that despite the smaller market, many companies have been highly profitable while cornering a certain segment of a larger market. That would undoubtedly be a fair assessment to make overall; however, do we consider that PLUG is best placed to do so?\nIn the heavy duty vehicle and hydrogen power market, there are already firms such as Proterra (PTRA), who have proof of concept and regular sales in electric buses. Plus it has become apparent that heavyweight competitors are entering the space, with General Motors' (GM )plans to supply fuel cells for locomotive trains. With this in mind, it is difficult to see PLUG capturing a significant portion of the smaller TAM that we defined earlier. Our thesis is that they may get squeezed out by this competition in the longer term.\nThat being said, the company management clearly forecasts a bright future. Their impressive September 2020 slide deck highlights their forecasts of an incredible surge in revenue growth to $1.2 billion in annual sales and $250 billion in operating EBITDA. This impressive growth will be fuelled by expansion of their existing operations and development of new market segments, such as hydrogen power plants, refueling stations, heavy duty electric vehicles, airplanes and even a \"gigafactory.\"\nThe coining of a phrase synonymous with Tesla, via their gigafactory plans, may have whet the appetite of some investors. However, we are firmly in the let’s wait and see camp here. Firstly, on the revenue side, even excluding the 2020 annual loss and writing off to the restatement issues mentioned earlier, it’s hard to gather where the $1 billion figure comes from. That would be an approximate 6.5-fold increase on the 2019 annual revenues ($150 million) in a two and a half year period; pretty ambitious? Not quite as ambitious as doing so while increasing EBITDA to $250 million from a historic loss-making position, while presumably also increasing capital expenditure to fund their gigafactory, hydrogen plant, plane and truck expansions? Unfortunately, we are struggling to see the math.\nOur conclusions on Plug Power\nIn a global environment currently shifting toward a greener and cleaner world, fuelled by more carbon efficient vehicles, it is no surprise that investors have high hopes for a stock such as PLUG. It is easy to read their marketing material and fall in love with the story and the projections. It's encouraging to see the bold plans that management have for the company; however, we would like to see more results before assuming that these can be executed.\nFrom the research we have undertaken, we believe that the total addressable market for PLUG is smaller than currently perceived by the bulls. Long-term trends suggest that lithium batteries will be the clear leader in fuelling our greener future and we believe the hydrogen market will be considerably smaller, impacting PLUG's ability to grow. When considering this, alongside the strong competition within their subsector, the accounting and litigation red flags we noted earlier, we believe that PLUG may continue to see multiple contraction and a reduction in market cap - hence our bearish outlook at this point in time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167586185,"gmtCreate":1624277487347,"gmtModify":1703832200005,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167586185","repostId":"2145081082","repostType":4,"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166998193,"gmtCreate":1623987205812,"gmtModify":1703825770475,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166998193","repostId":"1152038469","repostType":4,"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161201447,"gmtCreate":1623926625389,"gmtModify":1703823668658,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161201447","repostId":"1184912441","repostType":4,"repost":{"id":"1184912441","pubTimestamp":1623911473,"share":"https://www.laohu8.com/m/news/1184912441?lang=&edition=full","pubTime":"2021-06-17 14:31","market":"us","language":"en","title":"Fisker: One Of The Best Pure-Play EV Bets","url":"https://stock-news.laohu8.com/highlight/detail?id=1184912441","media":"seekingalpha","summary":"Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Fisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.</li>\n <li>The finalized Foxconn deal of mass-producing an electric vehicle justifies the current valuation.</li>\n <li>The announcement of a climate-neutral vehicle goal by 2027 strengthens the long-term outlook.</li>\n <li>Fisker has a robust balance sheet position to support significant investments in product development and innovation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9723e0a794926349a61ee7329622c779\" tg-width=\"768\" tg-height=\"571\"><span>Chesky_W/iStock via Getty Images</span></p>\n<p>Fisker (FSR) is up more than 65% since the publication of our previous article on Fisker last month (Fisker: High Risk, Very High Return) with a “very bullish” rating. Therefore, we believe now was the time to revisit the stock and revise our rating. After revisiting the stock, we continue to remain bullish as the mispricing persists and valuation fails to incorporate the long-term growth potential of the stock. However, valuation offers favorable risk-reward metrics to enter the stock but does not offer the same extraordinary returns with low risk as before, therefore, we would now reduce the rating from \"very bullish\" to \"bullish\".</p>\n<p>We like Fisker's visionary leadership, competitive product, asset-light business model, and solid partnerships. This article focuses more on updates after our previous coverage, risk reward metrics at current valuation, and strengths that can help expand product portfolio. If you haven’t read our previous article, we highly recommend having a quick look to gain a better understanding of the overall business and strengths.</p>\n<p><b>Business Summary</b></p>\n<p>Fisker Inc. is a California-based EV company focused on designing and developing electric vehicles. Its first vehicle, Fisker Ocean, an electric SUV, is expected to be ready for sale by November 2022. The manufacturing process of Fisker Ocean is outsourced to Magna (MGA) that has an annual capacity to produce 240,000 units. The company went public in October 2020 through a reverse merger with a SPAC. (Source)</p>\n<p><b>What changed since our previous coverage on Fisker?</b></p>\n<p>The company signed an MOU with Foxconn (OTC:FXCOF) in February 2021, which later got converted into an agreementin May 2021. As per the agreement, Foxconn and Fisker will co-develop and manufacture an electric vehicle that would hit the market by Q4 2023 and will be sold under the Fisker brand name in North America, Europe, China, and India. The expected capacity of the vehicle would be 250,000 annually worldwide. The vehicle would be priced under $30,000 and would be a five-seater.</p>\n<p>In the recent&nbsp;stockholders’ annual meeting, Fisker reassured that it was on course to deliver its Fisker Ocean in November 2022. It also reassured that it has sourced majority of parts for its first vehicle, and the cost structure is in line with expectations laid out by the company last year. The company announced its goal to produce a fully climate-neutral vehicle by 2027. It also announced plans to exhibit its Fisker Ocean vehicle at the LA Auto Show in November 2021.</p>\n<p><b>Vision to make the world’s most sustainable vehicles</b></p>\n<p>The company was founded with a vision to build the most sustainable vehicles in the world. So far, the company has been on track with its progress. Fisker Ocean has a solar roof that besides delivering a higher range to the vehicle, also generates a free of cost and greenest form of energy source. The company also uses recycled material within its car. In line with its vision, the company set a goal to produce a fully climate-neutral vehicle by 2027 with net-zero greenhouse gases over its lifetime.</p>\n<p><b>Well-positioned to expand vehicle portfolio</b></p>\n<p>Two major partnerships with international contract manufacturers (Foxconn and Magna) uniquely positioned Fisker to grow its vehicle portfolio and reach its goal of four vehicles by 2025. The partnerships enable it to make vehicle design and development the center of attention for the company, have an asset-light business model, build confidence among top suppliers, and enhance negotiation capabilities with suppliers.</p>\n<p>In collaboration with Fisker, Magna will also&nbsp;develop a new ADAS feature&nbsp;that includes digital-imaging radar technology. The technology would be coming with Fisker Ocean initially and can be levered to all the upcoming models of Fisker and will play a material role in differentiating Fisker from other automotive manufacturers. The company is also expected to have one of the fastest development times for a vehicle of 2.5 years which can be more than 4 years for most of the automotive OEMs.</p>\n<p>We believe that the company is well-positioned to grow its portfolio by leveraging its existing technology, partnerships, and unique asset-light business model. It outsources multiple areas where it believes that differentiation is not important such as manufacturing process, fleet management services, lease financing, other related services, etc. This helps the company focus primarily on product innovation and development, unlike other companies with their hands entirely filled.</p>\n<p><b>More upside potential</b></p>\n<p>As we discussed in a previous report, the Foxconn deal alone can generate $3.75Bn+ annually in revenue (after 3 to 5 years). Similarly, based on conservative estimates of 50,000 Fisker Ocean vehicles at an average price of $50K, Fisker can generate $2.5Bn annually starting 2023 from Fisker Ocean. Both combined are still greater than the current market capitalization of $5.5Bn despite a 65%+ price return in the last one month.</p>\n<p>Furthermore, the company can deliver more than 20% growth in the medium-term (after 2025) even after the above two revenue sources are realized. This is because the company can continue to grow by adding more vehicles to its portfolio with the help of an asset-light business model, visionary leadership, and strong partnership.</p>\n<p>The stock can justify its valuation based on estimates of barely two vehicles with a forward P/S ratio (FY3) of less than 1 as per our estimates discussed above. Announcement of the other two vehicles' development as per the company's defined 2025 goal would exponentially boost the company’s outlook and shareholder’s returns.</p>\n<p><b>Risk to Thesis</b></p>\n<p><b>Rising short interest</b></p>\n<p>Short interest has gone up significantly in recent months. Increased pressure from short sellers can push the stock downwards. Besides that, Fisker can also become a victim of short-sellers' attacks due to its lack of revenue and salable product. Short-sellers might publish short-seller reports citing unproven concerns and push the stock downwards for personal gains. This can lead to tarnishing the firm's reputation, which can reduce the ability to secure additional financing, credibility among suppliers, disrupt existing partnerships, as well as impact demand for its vehicles.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3ae9e44bb7e2d5ebf034087945deef\" tg-width=\"615\" tg-height=\"355\"><span>Data by YCharts</span></p>\n<p><b>Conclusion</b></p>\n<p>The stock continues to offer immense upside potential at the current valuation based on its growth trajectory. Asset-light business model ensures that equity dilution would be insignificant as capital requirements are lower than other EV startups like Workhorse (WKHS) and Lordstown (RIDE) (that are at the risk of facing liquidity crisis when they enter mass production). Moreover, Fisker has zero balance sheet debt and strong liquidity position of $985Mn to support R&amp;D, CapEx, and Marketing costs. Fisker is still one of the best pure-play EV bets currently in the market despite the recent boom in stock price. We expect the stock to double in the next 2-3 years.</p>\n<p>The stock would also see increased investments and recognition in the near term asit will be added to Russel 3000 index, which can lead to upside potential for stockholders.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fisker: One Of The Best Pure-Play EV Bets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFisker: One Of The Best Pure-Play EV Bets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 14:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.\nThe finalized Foxconn deal of mass-producing an electric vehicle ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FSR":"菲斯克"},"source_url":"https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184912441","content_text":"Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.\nThe finalized Foxconn deal of mass-producing an electric vehicle justifies the current valuation.\nThe announcement of a climate-neutral vehicle goal by 2027 strengthens the long-term outlook.\nFisker has a robust balance sheet position to support significant investments in product development and innovation.\n\nChesky_W/iStock via Getty Images\nFisker (FSR) is up more than 65% since the publication of our previous article on Fisker last month (Fisker: High Risk, Very High Return) with a “very bullish” rating. Therefore, we believe now was the time to revisit the stock and revise our rating. After revisiting the stock, we continue to remain bullish as the mispricing persists and valuation fails to incorporate the long-term growth potential of the stock. However, valuation offers favorable risk-reward metrics to enter the stock but does not offer the same extraordinary returns with low risk as before, therefore, we would now reduce the rating from \"very bullish\" to \"bullish\".\nWe like Fisker's visionary leadership, competitive product, asset-light business model, and solid partnerships. This article focuses more on updates after our previous coverage, risk reward metrics at current valuation, and strengths that can help expand product portfolio. If you haven’t read our previous article, we highly recommend having a quick look to gain a better understanding of the overall business and strengths.\nBusiness Summary\nFisker Inc. is a California-based EV company focused on designing and developing electric vehicles. Its first vehicle, Fisker Ocean, an electric SUV, is expected to be ready for sale by November 2022. The manufacturing process of Fisker Ocean is outsourced to Magna (MGA) that has an annual capacity to produce 240,000 units. The company went public in October 2020 through a reverse merger with a SPAC. (Source)\nWhat changed since our previous coverage on Fisker?\nThe company signed an MOU with Foxconn (OTC:FXCOF) in February 2021, which later got converted into an agreementin May 2021. As per the agreement, Foxconn and Fisker will co-develop and manufacture an electric vehicle that would hit the market by Q4 2023 and will be sold under the Fisker brand name in North America, Europe, China, and India. The expected capacity of the vehicle would be 250,000 annually worldwide. The vehicle would be priced under $30,000 and would be a five-seater.\nIn the recent stockholders’ annual meeting, Fisker reassured that it was on course to deliver its Fisker Ocean in November 2022. It also reassured that it has sourced majority of parts for its first vehicle, and the cost structure is in line with expectations laid out by the company last year. The company announced its goal to produce a fully climate-neutral vehicle by 2027. It also announced plans to exhibit its Fisker Ocean vehicle at the LA Auto Show in November 2021.\nVision to make the world’s most sustainable vehicles\nThe company was founded with a vision to build the most sustainable vehicles in the world. So far, the company has been on track with its progress. Fisker Ocean has a solar roof that besides delivering a higher range to the vehicle, also generates a free of cost and greenest form of energy source. The company also uses recycled material within its car. In line with its vision, the company set a goal to produce a fully climate-neutral vehicle by 2027 with net-zero greenhouse gases over its lifetime.\nWell-positioned to expand vehicle portfolio\nTwo major partnerships with international contract manufacturers (Foxconn and Magna) uniquely positioned Fisker to grow its vehicle portfolio and reach its goal of four vehicles by 2025. The partnerships enable it to make vehicle design and development the center of attention for the company, have an asset-light business model, build confidence among top suppliers, and enhance negotiation capabilities with suppliers.\nIn collaboration with Fisker, Magna will also develop a new ADAS feature that includes digital-imaging radar technology. The technology would be coming with Fisker Ocean initially and can be levered to all the upcoming models of Fisker and will play a material role in differentiating Fisker from other automotive manufacturers. The company is also expected to have one of the fastest development times for a vehicle of 2.5 years which can be more than 4 years for most of the automotive OEMs.\nWe believe that the company is well-positioned to grow its portfolio by leveraging its existing technology, partnerships, and unique asset-light business model. It outsources multiple areas where it believes that differentiation is not important such as manufacturing process, fleet management services, lease financing, other related services, etc. This helps the company focus primarily on product innovation and development, unlike other companies with their hands entirely filled.\nMore upside potential\nAs we discussed in a previous report, the Foxconn deal alone can generate $3.75Bn+ annually in revenue (after 3 to 5 years). Similarly, based on conservative estimates of 50,000 Fisker Ocean vehicles at an average price of $50K, Fisker can generate $2.5Bn annually starting 2023 from Fisker Ocean. Both combined are still greater than the current market capitalization of $5.5Bn despite a 65%+ price return in the last one month.\nFurthermore, the company can deliver more than 20% growth in the medium-term (after 2025) even after the above two revenue sources are realized. This is because the company can continue to grow by adding more vehicles to its portfolio with the help of an asset-light business model, visionary leadership, and strong partnership.\nThe stock can justify its valuation based on estimates of barely two vehicles with a forward P/S ratio (FY3) of less than 1 as per our estimates discussed above. Announcement of the other two vehicles' development as per the company's defined 2025 goal would exponentially boost the company’s outlook and shareholder’s returns.\nRisk to Thesis\nRising short interest\nShort interest has gone up significantly in recent months. Increased pressure from short sellers can push the stock downwards. Besides that, Fisker can also become a victim of short-sellers' attacks due to its lack of revenue and salable product. Short-sellers might publish short-seller reports citing unproven concerns and push the stock downwards for personal gains. This can lead to tarnishing the firm's reputation, which can reduce the ability to secure additional financing, credibility among suppliers, disrupt existing partnerships, as well as impact demand for its vehicles.\nData by YCharts\nConclusion\nThe stock continues to offer immense upside potential at the current valuation based on its growth trajectory. Asset-light business model ensures that equity dilution would be insignificant as capital requirements are lower than other EV startups like Workhorse (WKHS) and Lordstown (RIDE) (that are at the risk of facing liquidity crisis when they enter mass production). Moreover, Fisker has zero balance sheet debt and strong liquidity position of $985Mn to support R&D, CapEx, and Marketing costs. Fisker is still one of the best pure-play EV bets currently in the market despite the recent boom in stock price. We expect the stock to double in the next 2-3 years.\nThe stock would also see increased investments and recognition in the near term asit will be added to Russel 3000 index, which can lead to upside potential for stockholders.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161201600,"gmtCreate":1623926609900,"gmtModify":1703823668335,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161201600","repostId":"1164279693","repostType":4,"repost":{"id":"1164279693","pubTimestamp":1623913900,"share":"https://www.laohu8.com/m/news/1164279693?lang=&edition=full","pubTime":"2021-06-17 15:11","market":"us","language":"en","title":"Why Redditors Are Betting on a Short Squeeze for EV Maker Arrival","url":"https://stock-news.laohu8.com/highlight/detail?id=1164279693","media":"investorplace","summary":"Shares of electric delivery van maker Arrival(NASDAQ:ARVL) are driving to three-month highs in Wedne","content":"<p>Shares of electric delivery van maker&nbsp;<b>Arrival</b>(NASDAQ:<b><u>ARVL</u></b>) are driving to three-month highs in Wednesday’s pre-market trading. ARVL stock was up as much as 19% by 7 a.m. Eastern.</p> \n<p>Levels not seen since mid-March are being fueled by the44% short volume ratioon the shares. That has the masses on Reddit’s r/WallStreetBets highlighting the short squeeze potential in ARVL stock. Any stock with a short volume ratio at or above 20% has the potential of being targeted as a squeeze play.</p> \n<p>“606 MM shares outstanding, with the majority of shares subject to lock-up and 52mm shares in the public float,”posted one r/WallStreetBets community member, adding data that showed the borrow rate on the share to be “extremely high,” as the shares were ranked No. 2 on<i>Fintel’s</i>table of companies with the highest short borrow rate.</p> \n<p>ETRADE data showed the borrow rate was 120% and showed ARVL stock as “Hard to Borrow.”</p> \n<p>Beyond the chatterati, is there any fundamental reason for the shares’ sudden jump?</p> \n<p>ARVL Stock’s Compelling Upbeat Drivers</p> \n<p>Since coming to thepublic markets in a SPAC mergeron March 25, Arrival has been pretty much a “good news” story. At the time of its debut, it was already one of the most valuable startups in the United Kingdom, having created a platform to produce very low-cost EV trucks.</p> \n<p>It has a huge, blossoming partnership with&nbsp;<b>United Parcel Service</b>(NYSE:<b><u>UPS</u></b>) that is now doing in-depot testing of Arrival’s vehicle.</p> \n<p>On May 4, investors pushed the ARVL share price up onnews of a dealwith ride-hailing service&nbsp;<b>Uber</b>(NYSE:<b><u>UBER</u></b>) to create EVs, with production set to start in the third quarter of 2023. Days later, the company reported its inaugural earnings.</p> \n<p>Those fundamental factors led&nbsp;<i>InvestorPlace</i>contributorLarry Ramer to concludethat Arrival is “poised to become a strong player in the commercial EV space.” “With a current market capitalization of $11.5 billion ARVL stock is a true bargain for longer-term investors.”</p> \n<p>The shares at that time were trading at $17.34 a piece. ARVL stock closed yesterday at $19.90.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Redditors Are Betting on a Short Squeeze for EV Maker Arrival</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Redditors Are Betting on a Short Squeeze for EV Maker Arrival\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 15:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/arvl-stock-why-redditors-are-betting-on-a-short-squeeze-for-ev-maker-arrival/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of electric delivery van maker Arrival(NASDAQ:ARVL) are driving to three-month highs in Wednesday’s pre-market trading. ARVL stock was up as much as 19% by 7 a.m. Eastern.\nLevels not seen since...</p>\n\n<a href=\"https://investorplace.com/2021/06/arvl-stock-why-redditors-are-betting-on-a-short-squeeze-for-ev-maker-arrival/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2021/06/arvl-stock-why-redditors-are-betting-on-a-short-squeeze-for-ev-maker-arrival/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164279693","content_text":"Shares of electric delivery van maker Arrival(NASDAQ:ARVL) are driving to three-month highs in Wednesday’s pre-market trading. ARVL stock was up as much as 19% by 7 a.m. Eastern.\nLevels not seen since mid-March are being fueled by the44% short volume ratioon the shares. That has the masses on Reddit’s r/WallStreetBets highlighting the short squeeze potential in ARVL stock. Any stock with a short volume ratio at or above 20% has the potential of being targeted as a squeeze play.\n“606 MM shares outstanding, with the majority of shares subject to lock-up and 52mm shares in the public float,”posted one r/WallStreetBets community member, adding data that showed the borrow rate on the share to be “extremely high,” as the shares were ranked No. 2 onFintel’stable of companies with the highest short borrow rate.\nETRADE data showed the borrow rate was 120% and showed ARVL stock as “Hard to Borrow.”\nBeyond the chatterati, is there any fundamental reason for the shares’ sudden jump?\nARVL Stock’s Compelling Upbeat Drivers\nSince coming to thepublic markets in a SPAC mergeron March 25, Arrival has been pretty much a “good news” story. At the time of its debut, it was already one of the most valuable startups in the United Kingdom, having created a platform to produce very low-cost EV trucks.\nIt has a huge, blossoming partnership with United Parcel Service(NYSE:UPS) that is now doing in-depot testing of Arrival’s vehicle.\nOn May 4, investors pushed the ARVL share price up onnews of a dealwith ride-hailing service Uber(NYSE:UBER) to create EVs, with production set to start in the third quarter of 2023. Days later, the company reported its inaugural earnings.\nThose fundamental factors led InvestorPlacecontributorLarry Ramer to concludethat Arrival is “poised to become a strong player in the commercial EV space.” “With a current market capitalization of $11.5 billion ARVL stock is a true bargain for longer-term investors.”\nThe shares at that time were trading at $17.34 a piece. ARVL stock closed yesterday at $19.90.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187423866,"gmtCreate":1623762515355,"gmtModify":1703818507107,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187423866","repostId":"2143383753","repostType":4,"repost":{"id":"2143383753","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623749716,"share":"https://www.laohu8.com/m/news/2143383753?lang=&edition=full","pubTime":"2021-06-15 17:35","market":"hk","language":"en","title":"Gold in tight range as markets await Fed signals","url":"https://stock-news.laohu8.com/highlight/detail?id=2143383753","media":"Reuters","summary":"May retail sales data due at 1230 GMT\nFed to announce QE taper in Aug or Sept -poll\nPlatinum down ne","content":"<ul>\n <li>May retail sales data due at 1230 GMT</li>\n <li>Fed to announce QE taper in Aug or Sept -poll</li>\n <li>Platinum down nearly 1%</li>\n</ul>\n<p>(Recasts, adds chart, and updates prices)</p>\n<p>By Arundhati Sarkar</p>\n<p>June 15 (Reuters) - Gold prices held in a tight range on Tuesday ahead of a U.S. Federal Reserve meeting that could provide an indication on the eventual withdrawal of economic support.</p>\n<p>Spot gold was down 0.1% at $1,863.36 per ounce by 0901 GMT, after falling to its lowest since May 17 at $1,843.99 on Monday.</p>\n<p>U.S. gold futures were flat at $1,865.70 per ounce.</p>\n<p>\"Investors are being cautious ... with very little appetite at the moment to drive gold in <a href=\"https://laohu8.com/S/AONE\">one</a> direction or the other,\" said CMC Markets UK's chief market analyst Michael Hewson.</p>\n<p>For the second time in less than a decade, the Fed is getting ready to launch a thorny debate over how and when to sunset a massive asset-purchase program that helped cushion an economy battered by crisis.</p>\n<p>\"It's just not necessary; that amount of stimulus, at this stage of the economic rebound, so that's why we're seeing a little bit of weakness in gold prices over the past two to three days. The picture will become a lot clearer tomorrow,\" CMC's Hewson added.</p>\n<p>Nearly 60% of economists in a Reuters poll said a much-anticipated taper announcement will come in the next quarter.</p>\n<p>Also on the radar was a slew of data from the United States, including the monthly retail sales data which may provide more clues on economic recovery.</p>\n<p>\"There will be some focus on the Producer Price Index (PPI) for May... PPI often serves as a leading indicator for inflation and could provide clues on whether to expect further inflationary pressures down the road,\" Lukman Otunuga, analyst at FXTM said in a note.</p>\n<p>Capping gold's declines, the dollar index weakened 0.1%, potentially increasing bullion's appeal for those holding other currencies.</p>\n<p>Elsewhere, silver dropped 0.7% to $27.63 per ounce, palladium rose 0.1% to $2,753.11, while platinum slipped 0.9% to $1,154.69.</p>\n<p>(Reporting by Arundhati Sarkar in Bengaluru; Editing by Alexander Smith)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold in tight range as markets await Fed signals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold in tight range as markets await Fed signals\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-15 17:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>May retail sales data due at 1230 GMT</li>\n <li>Fed to announce QE taper in Aug or Sept -poll</li>\n <li>Platinum down nearly 1%</li>\n</ul>\n<p>(Recasts, adds chart, and updates prices)</p>\n<p>By Arundhati Sarkar</p>\n<p>June 15 (Reuters) - Gold prices held in a tight range on Tuesday ahead of a U.S. Federal Reserve meeting that could provide an indication on the eventual withdrawal of economic support.</p>\n<p>Spot gold was down 0.1% at $1,863.36 per ounce by 0901 GMT, after falling to its lowest since May 17 at $1,843.99 on Monday.</p>\n<p>U.S. gold futures were flat at $1,865.70 per ounce.</p>\n<p>\"Investors are being cautious ... with very little appetite at the moment to drive gold in <a href=\"https://laohu8.com/S/AONE\">one</a> direction or the other,\" said CMC Markets UK's chief market analyst Michael Hewson.</p>\n<p>For the second time in less than a decade, the Fed is getting ready to launch a thorny debate over how and when to sunset a massive asset-purchase program that helped cushion an economy battered by crisis.</p>\n<p>\"It's just not necessary; that amount of stimulus, at this stage of the economic rebound, so that's why we're seeing a little bit of weakness in gold prices over the past two to three days. The picture will become a lot clearer tomorrow,\" CMC's Hewson added.</p>\n<p>Nearly 60% of economists in a Reuters poll said a much-anticipated taper announcement will come in the next quarter.</p>\n<p>Also on the radar was a slew of data from the United States, including the monthly retail sales data which may provide more clues on economic recovery.</p>\n<p>\"There will be some focus on the Producer Price Index (PPI) for May... PPI often serves as a leading indicator for inflation and could provide clues on whether to expect further inflationary pressures down the road,\" Lukman Otunuga, analyst at FXTM said in a note.</p>\n<p>Capping gold's declines, the dollar index weakened 0.1%, potentially increasing bullion's appeal for those holding other currencies.</p>\n<p>Elsewhere, silver dropped 0.7% to $27.63 per ounce, palladium rose 0.1% to $2,753.11, while platinum slipped 0.9% to $1,154.69.</p>\n<p>(Reporting by Arundhati Sarkar in Bengaluru; Editing by Alexander Smith)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","GDX":"黄金矿业ETF-VanEck","GLD":"SPDR黄金ETF","NUGT":"二倍做多黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF(iShares)","DUST":"二倍做空黄金矿业指数ETF-Direxion"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143383753","content_text":"May retail sales data due at 1230 GMT\nFed to announce QE taper in Aug or Sept -poll\nPlatinum down nearly 1%\n\n(Recasts, adds chart, and updates prices)\nBy Arundhati Sarkar\nJune 15 (Reuters) - Gold prices held in a tight range on Tuesday ahead of a U.S. Federal Reserve meeting that could provide an indication on the eventual withdrawal of economic support.\nSpot gold was down 0.1% at $1,863.36 per ounce by 0901 GMT, after falling to its lowest since May 17 at $1,843.99 on Monday.\nU.S. gold futures were flat at $1,865.70 per ounce.\n\"Investors are being cautious ... with very little appetite at the moment to drive gold in one direction or the other,\" said CMC Markets UK's chief market analyst Michael Hewson.\nFor the second time in less than a decade, the Fed is getting ready to launch a thorny debate over how and when to sunset a massive asset-purchase program that helped cushion an economy battered by crisis.\n\"It's just not necessary; that amount of stimulus, at this stage of the economic rebound, so that's why we're seeing a little bit of weakness in gold prices over the past two to three days. The picture will become a lot clearer tomorrow,\" CMC's Hewson added.\nNearly 60% of economists in a Reuters poll said a much-anticipated taper announcement will come in the next quarter.\nAlso on the radar was a slew of data from the United States, including the monthly retail sales data which may provide more clues on economic recovery.\n\"There will be some focus on the Producer Price Index (PPI) for May... PPI often serves as a leading indicator for inflation and could provide clues on whether to expect further inflationary pressures down the road,\" Lukman Otunuga, analyst at FXTM said in a note.\nCapping gold's declines, the dollar index weakened 0.1%, potentially increasing bullion's appeal for those holding other currencies.\nElsewhere, silver dropped 0.7% to $27.63 per ounce, palladium rose 0.1% to $2,753.11, while platinum slipped 0.9% to $1,154.69.\n(Reporting by Arundhati Sarkar in Bengaluru; Editing by Alexander Smith)","news_type":1},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184349606,"gmtCreate":1623686071205,"gmtModify":1704208763526,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184349606","repostId":"1167257883","repostType":4,"repost":{"id":"1167257883","pubTimestamp":1623677550,"share":"https://www.laohu8.com/m/news/1167257883?lang=&edition=full","pubTime":"2021-06-14 21:32","market":"us","language":"en","title":"S&P 500 hovers near a record with Fed meeting looming, tech shares gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1167257883","media":"cnbc","summary":"The S&P 500 held steady near a record on Monday as investors digested the benchmark’s record level h","content":"<div>\n<p>The S&P 500 held steady near a record on Monday as investors digested the benchmark’s record level heading into a week with a key Federal Reserve meeting.\nThe broad equity benchmark traded near the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/13/us-stock-futures-are-flat-with-the-sp-500-at-a-record-high.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 hovers near a record with Fed meeting looming, tech shares gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 hovers near a record with Fed meeting looming, tech shares gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 21:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/13/us-stock-futures-are-flat-with-the-sp-500-at-a-record-high.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 held steady near a record on Monday as investors digested the benchmark’s record level heading into a week with a key Federal Reserve meeting.\nThe broad equity benchmark traded near the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/13/us-stock-futures-are-flat-with-the-sp-500-at-a-record-high.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/13/us-stock-futures-are-flat-with-the-sp-500-at-a-record-high.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1167257883","content_text":"The S&P 500 held steady near a record on Monday as investors digested the benchmark’s record level heading into a week with a key Federal Reserve meeting.\nThe broad equity benchmark traded near the flatline after closing at a record high in the previous session. The Dow Jones Industrial Average slipped 45 points. The Nasdaq Composite gained 0.1%.\nInvestors are giving growth and tech stocks another chance as bond yields come down. The 10-year Treasury went below 1.43% on Friday, a three-month low. Cathie Wood’s Ark Innovation, an ETF that focuses on disruptive technology,returned about 6% last week.\nBoosting cryptocurrency sentiment, Tesla CEO Elon Musk on Sundaysaid the company will resume bitcointransactions once it confirms there is reasonable clean energy usage by miners. Bitcoinrecovered back above$40,000 on the news.\nTesla, also a big holder of bitcoin, gained about 1%. Other key tech stocks Nvidia and Zoom also rose.\nThe Fed’s two-day policy meeting will likelydominate investor behavior this week. Although the central bank is not expected to take any action, its forecasts for interest rates, inflation and the economy could move the markets. The Fed could possibly move up its forecast for a rate hike after saying in its last quarterly update that it would keep its benchmark rate near zero through 2023,the Wall Street Journal reportedon Monday.\nFed Chairman Jerome Powell speaks to the press after the central bank issues its statement Wednesday and traders will be parsing his comments for any clues as to when the Fed could start to end its aggressive monthly asset purchases, especially given recenthotter-than-expected inflation readings.\n“Considering the recent outsized inflation reports, the Federal Reserve’s meeting this week will be scrutinized for any telltale sign the Fed’s timetable for either raising the Funds Rate or tapering QE is being moved forward,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC.\n“Any evidence suggesting monetary tightening is being moved forward will likely bring volatility to the stock market,” added Paulsen.\nU.S. stocks ended last week with a record closing high for the S&P 500 and the beginning of a rotation back into growth names.\nLast week, the 30-stock Dow Jones Industrial Average fell 0.8%, but the S&P 500 rose 0.4%, for its third straight positive week. The Nasdaq Composite was the outperformer with a gain of nearly 1.9%, posting its fourth winning week in a row as the tech trade came back into favor.\n“Because the S&P 500 Index reached yet another new record high last week, investors will be watching to see if this signals even higher levels near term,” said Paulsen.\nMeme stocks also garnered attention last week. AMC Entertainment, Clover Health Investments, GameStop and more experienced volatile trading as the group continued to get attention from the social media investors on Reddit.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":167586185,"gmtCreate":1624277487347,"gmtModify":1703832200005,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167586185","repostId":"2145081082","repostType":4,"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167586416,"gmtCreate":1624277515835,"gmtModify":1703832200328,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167586416","repostId":"1196746626","repostType":4,"repost":{"id":"1196746626","pubTimestamp":1624268221,"share":"https://www.laohu8.com/m/news/1196746626?lang=&edition=full","pubTime":"2021-06-21 17:37","market":"us","language":"en","title":"Plug Power: This Stock Fails To Get Us Charged Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1196746626","media":"seekingalpha","summary":"Summary\n\nPlug Power, the producer of hydrogen fuel cell solutions, has had a turbulent history, with","content":"<p><b>Summary</b></p>\n<ul>\n <li>Plug Power, the producer of hydrogen fuel cell solutions, has had a turbulent history, with the stock trading at just a fraction of its 1999 tech boom price.</li>\n <li>Despite experiencing a renaissance in the 2020 tech and growth surge, the stock appears to be re-rating back to its earlier valuation multiple as investor optimism falters.</li>\n <li>Management has high hopes for the future, with an impressive slide-deck published in the fall of 2020 laying out how they see the company developing in the near future.</li>\n <li>While forecasts are impressive to read, investors should consider whether there is enough substance in the numbers to back them up.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd52b10176701b73dd7d557921bfd29e\" tg-width=\"768\" tg-height=\"480\"><span>3alexd/E+ via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Despite a strong end to 2020, fuelled by investor optimism for all things linked to our clean and green future, this stock appears to be re-rating back to its former valuation multiple.While there are many factors investors will point towards to support a bull thesis, in our opinion many forward-looking projections are overly ambitious and may ultimately be out of reach. We question whether the total addressable market is significant enough for Plug to prosper, particularly in the light of strong competition.</p>\n<p><b>The Background to our thesis</b></p>\n<p>Plug Power (PLUG) was a roaring success in the latter part of 2020, increasing by over 400% to its January 2021 peak, before crashing back down to earth as the stock was hit by an&nbsp;accounting scandal.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c03000d0db7000dd850fad52fdd9068\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>The accounting issues have been covered in detail in the article linked above, so we won’t pore over them in too much detail here, except to say we are big believers in the old adage - “if in doubt, get out.\" An accounting scandal and a restatement of prior year figures is perhaps not the wisest foundations with which to build an investment decision in our opinion.</p>\n<p>Whether an accounting scandal is considered a red flag from an investment thesis or not, most investors would baulk at the thought of investing in a firm with legal concerns and unknown liabilities. Unfortunately, for PLUG stockholders, that is exactly what is laid out in the company’s most recent&nbsp;annual report, with a flurry of legal proceedings being filed in early 2021 off the back of the accounting scandal, adding to earlier proceedings from staff involved in an accident which is yet to be resolved. For many investors, these flags would be enough to deter them from an investment. However, a contrary argument may be that these factors are already priced in and the company's future may be rosier. Let's consider what the future holds for Plug Power.</p>\n<p><b>Considering Plug Power's Valuation</b></p>\n<p>As long-term growth investors, the consideration of valuation is not normally the first port of call when considering an investment decision. We’ve previously laid out our belief that what seems expensive, often is so for good reason, when laying out a bull thesis for other stocks. However, in this case we think it paints a very different story. When considering the valuation of Plug Power, we note a current enterprise value of $16.1 billion, being a $16.8 billion market cap, deducting $1.3 billion cash and adding $0.6 billion in debt. This gives us a forward looking EV/Sales figure for the next twelve months of 36.</p>\n<p>While the multiple itself is high by most gauges, as we’ve outlined, the number itself is not really our primary concern. If we delve a little deeper into the valuation story, what we can see is a company that traded at 3.8 times its next twelve-month revenues in September 2019 (using the same metrics outlined above). This multiple increased gradually to 12.3 by June 2020, before exploding as high as 56 times next twelve-month sales in December 2020.</p>\n<p>This incredible volatility in valuation multiple does not appear to have been triggered by developing sales or profitability. PLUG's quarter-on-quarter last twelve-month sales increased a modest 50% between September 2019 and September 2020 ($198 million September 2019 and $308 million September 2020). Thereafter a large decline, caused by their accounting irregularities, led to a December 2020 loss of $94 million.</p>\n<p>It's our thesis that the stock price surge was not built on any solid financial foundation, more likely linked to investor appetite for exposure to companies that may benefit from future environmental trends, and potentially the strong forecasts from management. As the projections have not yet played out in the numbers, the share price has suffered and this is a trend we expect to continue to see.</p>\n<p>One positive case that can be made for PLUG's future from a valuation perspective is that despite negatively trending income statement features, the company appears to have a strong balance sheet. The considerable cash and cash equivalent balance ($1.3 billion) by far surpasses their current and long-term liabilities ($784 million), meaning PLUG should have no issues in withstanding short-term poor performance.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a02d2db1e6065bc1e3501e02da38a16a\" tg-width=\"624\" tg-height=\"229\"><span>(Source: PLUG's 2020 Annual report)</span></p>\n<p>The company's current ratio of 7.21, being current assets divided by current liabilities, suggests a company more than able to continue operations despite being in a loss-making position.While this is encouraging from a bull thesis perspective, our core investment strategy is more revenue and growth orientated. PLUG certainly appears to be well capitalized, yet that alone will not enable the company to drive returns for investors. One obvious option for PLUG would be to deploy their cash into projects that would develop new revenue streams and enhance their earnings position.</p>\n<p><b>Consideration of growth opportunities</b></p>\n<p>Since we deviated from our normal order of assessment, let’s now return to where the thesis normally begins, that is the story of the company itself. Do we consider this investment story to paint a positive picture of future growth, with products that will change the company fortunes and lead to a prosperous future? If we’re honest, right now, no. Let’s assess why that is the case.</p>\n<p>Firstly, PLUG is a producer of hydrogen powered fuel cell solutions, outlining in their recent&nbsp;annual report&nbsp;that they see their products in “material handling vehicles and industrial trucks.\" This is the first factor that investors should be acutely aware of. The hype of 2020 may have gotten some investors carried away with this “battery producer” for electric vehicles, without understanding its position in the market.</p>\n<p>The vehicle battery market is well laid out by this&nbsp;IHS Markit report, which considers the future prospects for hydrogen fuel cells. If you’re bullish on PLUG, this report will give some encouragement, showing that there is a strong increase expected in both vehicles and charging stations in the coming years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c627200e94e6301508a5f09d5381a43b\" tg-width=\"640\" tg-height=\"251\"><span>(Source:IHS Markit)</span></p>\n<p>However, it’s not the headline numbers that caught our eye in this report, but the description of where exactly hydrogen-powered batteries sit within the marketplace. According to the report, while there are clear benefits of hydrogen over the lithium batteries used by Tesla and others, the downside is that they use “more complex processes” and have “about half the wheel to wheel efficiency of battery electric,” concluding that they are more suitable for vehicles with heavier weights and longer trip times – think industrial vehicles and buses.</p>\n<p>In our consideration of the story, this dramatically reduces the total addressable market (\"TAM\"). Yes, there are a lot of industrial vehicles in the world, but there is a significantly larger market for standard lighter automobiles, boats, light-aircraft and drones.</p>\n<p>Our assessment of the story is enhanced further by reporting from the International Energy Agency, who lay out their future projections for electric light duty vehicles (“LDV”) in the graph below – electric cars essentially. With projections for up to 200 million units expected to be on the road in 2030, up from 22 million today. In our opinion, if investing in the clean and green future of electric vehicles, the LDV space is far more appealing, and the smaller TAM in the hydrogen fuel cell space is a concern to the company's long-term prospects.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59bfbab3f6732c318b381f6832adfd3d\" tg-width=\"640\" tg-height=\"342\"><span>(Source :IEA 2021 Report)</span></p>\n<p><b>The contrary thesis for PLUG</b></p>\n<p>We should also consider the counter argument to our thesis on the PLUG story. The bulls will be screaming that despite the smaller market, many companies have been highly profitable while cornering a certain segment of a larger market. That would undoubtedly be a fair assessment to make overall; however, do we consider that PLUG is best placed to do so?</p>\n<p>In the heavy duty vehicle and hydrogen power market, there are already firms such as Proterra (PTRA), who have proof of concept and regular sales in electric buses. Plus it has become apparent that heavyweight competitors are entering the space, with General Motors' (GM&nbsp;)plans to supply&nbsp;fuel cells for locomotive trains. With this in mind, it is difficult to see PLUG capturing a significant portion of the smaller TAM that we defined earlier. Our thesis is that they may get squeezed out by this competition in the longer term.</p>\n<p>That being said, the company management clearly forecasts a bright future. Their impressive September 2020&nbsp;slide deck&nbsp;highlights their forecasts of an incredible surge in revenue growth to $1.2 billion in annual sales and $250 billion in operating EBITDA. This impressive growth will be fuelled by expansion of their existing operations and development of new market segments, such as hydrogen power plants, refueling stations, heavy duty electric vehicles, airplanes and even a \"gigafactory.\"</p>\n<p>The coining of a phrase synonymous with Tesla, via their gigafactory plans, may have whet the appetite of some investors. However, we are firmly in the let’s wait and see camp here. Firstly, on the revenue side, even excluding the 2020 annual loss and writing off to the restatement issues mentioned earlier, it’s hard to gather where the $1 billion figure comes from. That would be an approximate 6.5-fold increase on the 2019 annual revenues ($150 million) in a two and a half year period; pretty ambitious? Not quite as ambitious as doing so while increasing EBITDA to $250 million from a historic loss-making position, while presumably also increasing capital expenditure to fund their gigafactory, hydrogen plant, plane and truck expansions? Unfortunately, we are struggling to see the math.</p>\n<p><b>Our conclusions on Plug Power</b></p>\n<p>In a global environment currently shifting toward a greener and cleaner world, fuelled by more carbon efficient vehicles, it is no surprise that investors have high hopes for a stock such as PLUG. It is easy to read their marketing material and fall in love with the story and the projections. It's encouraging to see the bold plans that management have for the company; however, we would like to see more results before assuming that these can be executed.</p>\n<p>From the research we have undertaken, we believe that the total addressable market for PLUG is smaller than currently perceived by the bulls. Long-term trends suggest that lithium batteries will be the clear leader in fuelling our greener future and we believe the hydrogen market will be considerably smaller, impacting PLUG's ability to grow. When considering this, alongside the strong competition within their subsector, the accounting and litigation red flags we noted earlier, we believe that PLUG may continue to see multiple contraction and a reduction in market cap - hence our bearish outlook at this point in time.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power: This Stock Fails To Get Us Charged Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power: This Stock Fails To Get Us Charged Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 17:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435786-plug-power-this-stock-fails-to-get-us-charged-up><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nPlug Power, the producer of hydrogen fuel cell solutions, has had a turbulent history, with the stock trading at just a fraction of its 1999 tech boom price.\nDespite experiencing a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435786-plug-power-this-stock-fails-to-get-us-charged-up\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://seekingalpha.com/article/4435786-plug-power-this-stock-fails-to-get-us-charged-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196746626","content_text":"Summary\n\nPlug Power, the producer of hydrogen fuel cell solutions, has had a turbulent history, with the stock trading at just a fraction of its 1999 tech boom price.\nDespite experiencing a renaissance in the 2020 tech and growth surge, the stock appears to be re-rating back to its earlier valuation multiple as investor optimism falters.\nManagement has high hopes for the future, with an impressive slide-deck published in the fall of 2020 laying out how they see the company developing in the near future.\nWhile forecasts are impressive to read, investors should consider whether there is enough substance in the numbers to back them up.\n\n3alexd/E+ via Getty Images\nInvestment Thesis\nDespite a strong end to 2020, fuelled by investor optimism for all things linked to our clean and green future, this stock appears to be re-rating back to its former valuation multiple.While there are many factors investors will point towards to support a bull thesis, in our opinion many forward-looking projections are overly ambitious and may ultimately be out of reach. We question whether the total addressable market is significant enough for Plug to prosper, particularly in the light of strong competition.\nThe Background to our thesis\nPlug Power (PLUG) was a roaring success in the latter part of 2020, increasing by over 400% to its January 2021 peak, before crashing back down to earth as the stock was hit by an accounting scandal.\nData by YCharts\nThe accounting issues have been covered in detail in the article linked above, so we won’t pore over them in too much detail here, except to say we are big believers in the old adage - “if in doubt, get out.\" An accounting scandal and a restatement of prior year figures is perhaps not the wisest foundations with which to build an investment decision in our opinion.\nWhether an accounting scandal is considered a red flag from an investment thesis or not, most investors would baulk at the thought of investing in a firm with legal concerns and unknown liabilities. Unfortunately, for PLUG stockholders, that is exactly what is laid out in the company’s most recent annual report, with a flurry of legal proceedings being filed in early 2021 off the back of the accounting scandal, adding to earlier proceedings from staff involved in an accident which is yet to be resolved. For many investors, these flags would be enough to deter them from an investment. However, a contrary argument may be that these factors are already priced in and the company's future may be rosier. Let's consider what the future holds for Plug Power.\nConsidering Plug Power's Valuation\nAs long-term growth investors, the consideration of valuation is not normally the first port of call when considering an investment decision. We’ve previously laid out our belief that what seems expensive, often is so for good reason, when laying out a bull thesis for other stocks. However, in this case we think it paints a very different story. When considering the valuation of Plug Power, we note a current enterprise value of $16.1 billion, being a $16.8 billion market cap, deducting $1.3 billion cash and adding $0.6 billion in debt. This gives us a forward looking EV/Sales figure for the next twelve months of 36.\nWhile the multiple itself is high by most gauges, as we’ve outlined, the number itself is not really our primary concern. If we delve a little deeper into the valuation story, what we can see is a company that traded at 3.8 times its next twelve-month revenues in September 2019 (using the same metrics outlined above). This multiple increased gradually to 12.3 by June 2020, before exploding as high as 56 times next twelve-month sales in December 2020.\nThis incredible volatility in valuation multiple does not appear to have been triggered by developing sales or profitability. PLUG's quarter-on-quarter last twelve-month sales increased a modest 50% between September 2019 and September 2020 ($198 million September 2019 and $308 million September 2020). Thereafter a large decline, caused by their accounting irregularities, led to a December 2020 loss of $94 million.\nIt's our thesis that the stock price surge was not built on any solid financial foundation, more likely linked to investor appetite for exposure to companies that may benefit from future environmental trends, and potentially the strong forecasts from management. As the projections have not yet played out in the numbers, the share price has suffered and this is a trend we expect to continue to see.\nOne positive case that can be made for PLUG's future from a valuation perspective is that despite negatively trending income statement features, the company appears to have a strong balance sheet. The considerable cash and cash equivalent balance ($1.3 billion) by far surpasses their current and long-term liabilities ($784 million), meaning PLUG should have no issues in withstanding short-term poor performance.\n(Source: PLUG's 2020 Annual report)\nThe company's current ratio of 7.21, being current assets divided by current liabilities, suggests a company more than able to continue operations despite being in a loss-making position.While this is encouraging from a bull thesis perspective, our core investment strategy is more revenue and growth orientated. PLUG certainly appears to be well capitalized, yet that alone will not enable the company to drive returns for investors. One obvious option for PLUG would be to deploy their cash into projects that would develop new revenue streams and enhance their earnings position.\nConsideration of growth opportunities\nSince we deviated from our normal order of assessment, let’s now return to where the thesis normally begins, that is the story of the company itself. Do we consider this investment story to paint a positive picture of future growth, with products that will change the company fortunes and lead to a prosperous future? If we’re honest, right now, no. Let’s assess why that is the case.\nFirstly, PLUG is a producer of hydrogen powered fuel cell solutions, outlining in their recent annual report that they see their products in “material handling vehicles and industrial trucks.\" This is the first factor that investors should be acutely aware of. The hype of 2020 may have gotten some investors carried away with this “battery producer” for electric vehicles, without understanding its position in the market.\nThe vehicle battery market is well laid out by this IHS Markit report, which considers the future prospects for hydrogen fuel cells. If you’re bullish on PLUG, this report will give some encouragement, showing that there is a strong increase expected in both vehicles and charging stations in the coming years.\n(Source:IHS Markit)\nHowever, it’s not the headline numbers that caught our eye in this report, but the description of where exactly hydrogen-powered batteries sit within the marketplace. According to the report, while there are clear benefits of hydrogen over the lithium batteries used by Tesla and others, the downside is that they use “more complex processes” and have “about half the wheel to wheel efficiency of battery electric,” concluding that they are more suitable for vehicles with heavier weights and longer trip times – think industrial vehicles and buses.\nIn our consideration of the story, this dramatically reduces the total addressable market (\"TAM\"). Yes, there are a lot of industrial vehicles in the world, but there is a significantly larger market for standard lighter automobiles, boats, light-aircraft and drones.\nOur assessment of the story is enhanced further by reporting from the International Energy Agency, who lay out their future projections for electric light duty vehicles (“LDV”) in the graph below – electric cars essentially. With projections for up to 200 million units expected to be on the road in 2030, up from 22 million today. In our opinion, if investing in the clean and green future of electric vehicles, the LDV space is far more appealing, and the smaller TAM in the hydrogen fuel cell space is a concern to the company's long-term prospects.\n(Source :IEA 2021 Report)\nThe contrary thesis for PLUG\nWe should also consider the counter argument to our thesis on the PLUG story. The bulls will be screaming that despite the smaller market, many companies have been highly profitable while cornering a certain segment of a larger market. That would undoubtedly be a fair assessment to make overall; however, do we consider that PLUG is best placed to do so?\nIn the heavy duty vehicle and hydrogen power market, there are already firms such as Proterra (PTRA), who have proof of concept and regular sales in electric buses. Plus it has become apparent that heavyweight competitors are entering the space, with General Motors' (GM )plans to supply fuel cells for locomotive trains. With this in mind, it is difficult to see PLUG capturing a significant portion of the smaller TAM that we defined earlier. Our thesis is that they may get squeezed out by this competition in the longer term.\nThat being said, the company management clearly forecasts a bright future. Their impressive September 2020 slide deck highlights their forecasts of an incredible surge in revenue growth to $1.2 billion in annual sales and $250 billion in operating EBITDA. This impressive growth will be fuelled by expansion of their existing operations and development of new market segments, such as hydrogen power plants, refueling stations, heavy duty electric vehicles, airplanes and even a \"gigafactory.\"\nThe coining of a phrase synonymous with Tesla, via their gigafactory plans, may have whet the appetite of some investors. However, we are firmly in the let’s wait and see camp here. Firstly, on the revenue side, even excluding the 2020 annual loss and writing off to the restatement issues mentioned earlier, it’s hard to gather where the $1 billion figure comes from. That would be an approximate 6.5-fold increase on the 2019 annual revenues ($150 million) in a two and a half year period; pretty ambitious? Not quite as ambitious as doing so while increasing EBITDA to $250 million from a historic loss-making position, while presumably also increasing capital expenditure to fund their gigafactory, hydrogen plant, plane and truck expansions? Unfortunately, we are struggling to see the math.\nOur conclusions on Plug Power\nIn a global environment currently shifting toward a greener and cleaner world, fuelled by more carbon efficient vehicles, it is no surprise that investors have high hopes for a stock such as PLUG. It is easy to read their marketing material and fall in love with the story and the projections. It's encouraging to see the bold plans that management have for the company; however, we would like to see more results before assuming that these can be executed.\nFrom the research we have undertaken, we believe that the total addressable market for PLUG is smaller than currently perceived by the bulls. Long-term trends suggest that lithium batteries will be the clear leader in fuelling our greener future and we believe the hydrogen market will be considerably smaller, impacting PLUG's ability to grow. When considering this, alongside the strong competition within their subsector, the accounting and litigation red flags we noted earlier, we believe that PLUG may continue to see multiple contraction and a reduction in market cap - hence our bearish outlook at this point in time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166998193,"gmtCreate":1623987205812,"gmtModify":1703825770475,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166998193","repostId":"1152038469","repostType":4,"repost":{"id":"1152038469","pubTimestamp":1623980749,"share":"https://www.laohu8.com/m/news/1152038469?lang=&edition=full","pubTime":"2021-06-18 09:45","market":"us","language":"en","title":"Amid a tech stock resurgence, this large-cap growth fund manager seeks opportunities elsewhere","url":"https://stock-news.laohu8.com/highlight/detail?id=1152038469","media":"CNBC","summary":"One growth stock fund manager is keeping a toe in reopening-themed stocks, even as her peers snap up","content":"<div>\n<p>One growth stock fund manager is keeping a toe in reopening-themed stocks, even as her peers snap up the tech shares that are often the staples of growth strategies.\nTech stocks have bounced in June, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/growth-stocks-how-one-large-cap-fund-manager-plays-the-strategy.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amid a tech stock resurgence, this large-cap growth fund manager seeks opportunities elsewhere</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmid a tech stock resurgence, this large-cap growth fund manager seeks opportunities elsewhere\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 09:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/growth-stocks-how-one-large-cap-fund-manager-plays-the-strategy.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One growth stock fund manager is keeping a toe in reopening-themed stocks, even as her peers snap up the tech shares that are often the staples of growth strategies.\nTech stocks have bounced in June, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/growth-stocks-how-one-large-cap-fund-manager-plays-the-strategy.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/17/growth-stocks-how-one-large-cap-fund-manager-plays-the-strategy.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152038469","content_text":"One growth stock fund manager is keeping a toe in reopening-themed stocks, even as her peers snap up the tech shares that are often the staples of growth strategies.\nTech stocks have bounced in June, as investors begin to fret that the recovery has been priced into the market. Margaret Vitrano of ClearBridge Investments, which was managing $184 billion as of March, is looking for growth opportunities in less typical places.\n“We try to think long term and think about constructing a portfolio that does well in different kinds of markets,” she said. “When [market] leadership changes, we want to have protection.”\nSome of the best-performing stocks in ClearBridge’s large-cap growth portfolio this year include UPS,Grainger,Ulta and Home Depot, Vitrano told CNBC. Those companies aren’t typically thought of as falling in the “growth” category.\nGrowth stocks — which had outperformed value in recent years — have lagged in 2021 as investors monitor rising prices and worry about the possibility of higher interest rates. But with bond yields retreating and some believing inflation will be temporary, growth stocks are coming back in vogue.\nThe Russell 1000 Value Index is up about 14% for 2021, compared with its growth counterpart’s gain of more than 8%.\nHowever, the Russell 1000 Growth Index is ahead for the month of June, registering a gain of about 2.6% versus the value index’s loss of 2.6%.\nSelective on tech\n“We’ve been underweight tech for a while. That was a headwind for us in performance last year. But certainly in a reopening environment, that’s going to help us,” Vitrano said.\nShe believes the market has moved from early in the economic cycle into a midcycle period “where the market’s trying to figure out the next direction.”\n“You certainly don’t want to sell all your growth,” Vitrano said. “If this inflation really is transitory, then I think growth stocks are going to be just fine over the next couple of years.”\nClearBridge’s large-cap growth fund’s top three holdings are classic Big Tech names Amazon,Facebook and Microsoft as of June, according to FactSet. The portfolio also includes growth-at-a-reasonable-price names, opportunistic growth stocks and high-beta stocks, Vitrano said.\nVitrano recommends having some procyclical exposure — “a broader exposure in the portfolio than I probably would have said two years ago.”\nThe portfolio manager said she’s also spending more time looking at health-care names, which tend to be more idiosyncratic and not as correlated with macroeconomic trends.","news_type":1},"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161201447,"gmtCreate":1623926625389,"gmtModify":1703823668658,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161201447","repostId":"1184912441","repostType":4,"repost":{"id":"1184912441","pubTimestamp":1623911473,"share":"https://www.laohu8.com/m/news/1184912441?lang=&edition=full","pubTime":"2021-06-17 14:31","market":"us","language":"en","title":"Fisker: One Of The Best Pure-Play EV Bets","url":"https://stock-news.laohu8.com/highlight/detail?id=1184912441","media":"seekingalpha","summary":"Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Fisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.</li>\n <li>The finalized Foxconn deal of mass-producing an electric vehicle justifies the current valuation.</li>\n <li>The announcement of a climate-neutral vehicle goal by 2027 strengthens the long-term outlook.</li>\n <li>Fisker has a robust balance sheet position to support significant investments in product development and innovation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9723e0a794926349a61ee7329622c779\" tg-width=\"768\" tg-height=\"571\"><span>Chesky_W/iStock via Getty Images</span></p>\n<p>Fisker (FSR) is up more than 65% since the publication of our previous article on Fisker last month (Fisker: High Risk, Very High Return) with a “very bullish” rating. Therefore, we believe now was the time to revisit the stock and revise our rating. After revisiting the stock, we continue to remain bullish as the mispricing persists and valuation fails to incorporate the long-term growth potential of the stock. However, valuation offers favorable risk-reward metrics to enter the stock but does not offer the same extraordinary returns with low risk as before, therefore, we would now reduce the rating from \"very bullish\" to \"bullish\".</p>\n<p>We like Fisker's visionary leadership, competitive product, asset-light business model, and solid partnerships. This article focuses more on updates after our previous coverage, risk reward metrics at current valuation, and strengths that can help expand product portfolio. If you haven’t read our previous article, we highly recommend having a quick look to gain a better understanding of the overall business and strengths.</p>\n<p><b>Business Summary</b></p>\n<p>Fisker Inc. is a California-based EV company focused on designing and developing electric vehicles. Its first vehicle, Fisker Ocean, an electric SUV, is expected to be ready for sale by November 2022. The manufacturing process of Fisker Ocean is outsourced to Magna (MGA) that has an annual capacity to produce 240,000 units. The company went public in October 2020 through a reverse merger with a SPAC. (Source)</p>\n<p><b>What changed since our previous coverage on Fisker?</b></p>\n<p>The company signed an MOU with Foxconn (OTC:FXCOF) in February 2021, which later got converted into an agreementin May 2021. As per the agreement, Foxconn and Fisker will co-develop and manufacture an electric vehicle that would hit the market by Q4 2023 and will be sold under the Fisker brand name in North America, Europe, China, and India. The expected capacity of the vehicle would be 250,000 annually worldwide. The vehicle would be priced under $30,000 and would be a five-seater.</p>\n<p>In the recent&nbsp;stockholders’ annual meeting, Fisker reassured that it was on course to deliver its Fisker Ocean in November 2022. It also reassured that it has sourced majority of parts for its first vehicle, and the cost structure is in line with expectations laid out by the company last year. The company announced its goal to produce a fully climate-neutral vehicle by 2027. It also announced plans to exhibit its Fisker Ocean vehicle at the LA Auto Show in November 2021.</p>\n<p><b>Vision to make the world’s most sustainable vehicles</b></p>\n<p>The company was founded with a vision to build the most sustainable vehicles in the world. So far, the company has been on track with its progress. Fisker Ocean has a solar roof that besides delivering a higher range to the vehicle, also generates a free of cost and greenest form of energy source. The company also uses recycled material within its car. In line with its vision, the company set a goal to produce a fully climate-neutral vehicle by 2027 with net-zero greenhouse gases over its lifetime.</p>\n<p><b>Well-positioned to expand vehicle portfolio</b></p>\n<p>Two major partnerships with international contract manufacturers (Foxconn and Magna) uniquely positioned Fisker to grow its vehicle portfolio and reach its goal of four vehicles by 2025. The partnerships enable it to make vehicle design and development the center of attention for the company, have an asset-light business model, build confidence among top suppliers, and enhance negotiation capabilities with suppliers.</p>\n<p>In collaboration with Fisker, Magna will also&nbsp;develop a new ADAS feature&nbsp;that includes digital-imaging radar technology. The technology would be coming with Fisker Ocean initially and can be levered to all the upcoming models of Fisker and will play a material role in differentiating Fisker from other automotive manufacturers. The company is also expected to have one of the fastest development times for a vehicle of 2.5 years which can be more than 4 years for most of the automotive OEMs.</p>\n<p>We believe that the company is well-positioned to grow its portfolio by leveraging its existing technology, partnerships, and unique asset-light business model. It outsources multiple areas where it believes that differentiation is not important such as manufacturing process, fleet management services, lease financing, other related services, etc. This helps the company focus primarily on product innovation and development, unlike other companies with their hands entirely filled.</p>\n<p><b>More upside potential</b></p>\n<p>As we discussed in a previous report, the Foxconn deal alone can generate $3.75Bn+ annually in revenue (after 3 to 5 years). Similarly, based on conservative estimates of 50,000 Fisker Ocean vehicles at an average price of $50K, Fisker can generate $2.5Bn annually starting 2023 from Fisker Ocean. Both combined are still greater than the current market capitalization of $5.5Bn despite a 65%+ price return in the last one month.</p>\n<p>Furthermore, the company can deliver more than 20% growth in the medium-term (after 2025) even after the above two revenue sources are realized. This is because the company can continue to grow by adding more vehicles to its portfolio with the help of an asset-light business model, visionary leadership, and strong partnership.</p>\n<p>The stock can justify its valuation based on estimates of barely two vehicles with a forward P/S ratio (FY3) of less than 1 as per our estimates discussed above. Announcement of the other two vehicles' development as per the company's defined 2025 goal would exponentially boost the company’s outlook and shareholder’s returns.</p>\n<p><b>Risk to Thesis</b></p>\n<p><b>Rising short interest</b></p>\n<p>Short interest has gone up significantly in recent months. Increased pressure from short sellers can push the stock downwards. Besides that, Fisker can also become a victim of short-sellers' attacks due to its lack of revenue and salable product. Short-sellers might publish short-seller reports citing unproven concerns and push the stock downwards for personal gains. This can lead to tarnishing the firm's reputation, which can reduce the ability to secure additional financing, credibility among suppliers, disrupt existing partnerships, as well as impact demand for its vehicles.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3ae9e44bb7e2d5ebf034087945deef\" tg-width=\"615\" tg-height=\"355\"><span>Data by YCharts</span></p>\n<p><b>Conclusion</b></p>\n<p>The stock continues to offer immense upside potential at the current valuation based on its growth trajectory. Asset-light business model ensures that equity dilution would be insignificant as capital requirements are lower than other EV startups like Workhorse (WKHS) and Lordstown (RIDE) (that are at the risk of facing liquidity crisis when they enter mass production). Moreover, Fisker has zero balance sheet debt and strong liquidity position of $985Mn to support R&amp;D, CapEx, and Marketing costs. Fisker is still one of the best pure-play EV bets currently in the market despite the recent boom in stock price. We expect the stock to double in the next 2-3 years.</p>\n<p>The stock would also see increased investments and recognition in the near term asit will be added to Russel 3000 index, which can lead to upside potential for stockholders.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fisker: One Of The Best Pure-Play EV Bets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFisker: One Of The Best Pure-Play EV Bets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 14:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.\nThe finalized Foxconn deal of mass-producing an electric vehicle ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FSR":"菲斯克"},"source_url":"https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184912441","content_text":"Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.\nThe finalized Foxconn deal of mass-producing an electric vehicle justifies the current valuation.\nThe announcement of a climate-neutral vehicle goal by 2027 strengthens the long-term outlook.\nFisker has a robust balance sheet position to support significant investments in product development and innovation.\n\nChesky_W/iStock via Getty Images\nFisker (FSR) is up more than 65% since the publication of our previous article on Fisker last month (Fisker: High Risk, Very High Return) with a “very bullish” rating. Therefore, we believe now was the time to revisit the stock and revise our rating. After revisiting the stock, we continue to remain bullish as the mispricing persists and valuation fails to incorporate the long-term growth potential of the stock. However, valuation offers favorable risk-reward metrics to enter the stock but does not offer the same extraordinary returns with low risk as before, therefore, we would now reduce the rating from \"very bullish\" to \"bullish\".\nWe like Fisker's visionary leadership, competitive product, asset-light business model, and solid partnerships. This article focuses more on updates after our previous coverage, risk reward metrics at current valuation, and strengths that can help expand product portfolio. If you haven’t read our previous article, we highly recommend having a quick look to gain a better understanding of the overall business and strengths.\nBusiness Summary\nFisker Inc. is a California-based EV company focused on designing and developing electric vehicles. Its first vehicle, Fisker Ocean, an electric SUV, is expected to be ready for sale by November 2022. The manufacturing process of Fisker Ocean is outsourced to Magna (MGA) that has an annual capacity to produce 240,000 units. The company went public in October 2020 through a reverse merger with a SPAC. (Source)\nWhat changed since our previous coverage on Fisker?\nThe company signed an MOU with Foxconn (OTC:FXCOF) in February 2021, which later got converted into an agreementin May 2021. As per the agreement, Foxconn and Fisker will co-develop and manufacture an electric vehicle that would hit the market by Q4 2023 and will be sold under the Fisker brand name in North America, Europe, China, and India. The expected capacity of the vehicle would be 250,000 annually worldwide. The vehicle would be priced under $30,000 and would be a five-seater.\nIn the recent stockholders’ annual meeting, Fisker reassured that it was on course to deliver its Fisker Ocean in November 2022. It also reassured that it has sourced majority of parts for its first vehicle, and the cost structure is in line with expectations laid out by the company last year. The company announced its goal to produce a fully climate-neutral vehicle by 2027. It also announced plans to exhibit its Fisker Ocean vehicle at the LA Auto Show in November 2021.\nVision to make the world’s most sustainable vehicles\nThe company was founded with a vision to build the most sustainable vehicles in the world. So far, the company has been on track with its progress. Fisker Ocean has a solar roof that besides delivering a higher range to the vehicle, also generates a free of cost and greenest form of energy source. The company also uses recycled material within its car. In line with its vision, the company set a goal to produce a fully climate-neutral vehicle by 2027 with net-zero greenhouse gases over its lifetime.\nWell-positioned to expand vehicle portfolio\nTwo major partnerships with international contract manufacturers (Foxconn and Magna) uniquely positioned Fisker to grow its vehicle portfolio and reach its goal of four vehicles by 2025. The partnerships enable it to make vehicle design and development the center of attention for the company, have an asset-light business model, build confidence among top suppliers, and enhance negotiation capabilities with suppliers.\nIn collaboration with Fisker, Magna will also develop a new ADAS feature that includes digital-imaging radar technology. The technology would be coming with Fisker Ocean initially and can be levered to all the upcoming models of Fisker and will play a material role in differentiating Fisker from other automotive manufacturers. The company is also expected to have one of the fastest development times for a vehicle of 2.5 years which can be more than 4 years for most of the automotive OEMs.\nWe believe that the company is well-positioned to grow its portfolio by leveraging its existing technology, partnerships, and unique asset-light business model. It outsources multiple areas where it believes that differentiation is not important such as manufacturing process, fleet management services, lease financing, other related services, etc. This helps the company focus primarily on product innovation and development, unlike other companies with their hands entirely filled.\nMore upside potential\nAs we discussed in a previous report, the Foxconn deal alone can generate $3.75Bn+ annually in revenue (after 3 to 5 years). Similarly, based on conservative estimates of 50,000 Fisker Ocean vehicles at an average price of $50K, Fisker can generate $2.5Bn annually starting 2023 from Fisker Ocean. Both combined are still greater than the current market capitalization of $5.5Bn despite a 65%+ price return in the last one month.\nFurthermore, the company can deliver more than 20% growth in the medium-term (after 2025) even after the above two revenue sources are realized. This is because the company can continue to grow by adding more vehicles to its portfolio with the help of an asset-light business model, visionary leadership, and strong partnership.\nThe stock can justify its valuation based on estimates of barely two vehicles with a forward P/S ratio (FY3) of less than 1 as per our estimates discussed above. Announcement of the other two vehicles' development as per the company's defined 2025 goal would exponentially boost the company’s outlook and shareholder’s returns.\nRisk to Thesis\nRising short interest\nShort interest has gone up significantly in recent months. Increased pressure from short sellers can push the stock downwards. Besides that, Fisker can also become a victim of short-sellers' attacks due to its lack of revenue and salable product. Short-sellers might publish short-seller reports citing unproven concerns and push the stock downwards for personal gains. This can lead to tarnishing the firm's reputation, which can reduce the ability to secure additional financing, credibility among suppliers, disrupt existing partnerships, as well as impact demand for its vehicles.\nData by YCharts\nConclusion\nThe stock continues to offer immense upside potential at the current valuation based on its growth trajectory. Asset-light business model ensures that equity dilution would be insignificant as capital requirements are lower than other EV startups like Workhorse (WKHS) and Lordstown (RIDE) (that are at the risk of facing liquidity crisis when they enter mass production). Moreover, Fisker has zero balance sheet debt and strong liquidity position of $985Mn to support R&D, CapEx, and Marketing costs. Fisker is still one of the best pure-play EV bets currently in the market despite the recent boom in stock price. We expect the stock to double in the next 2-3 years.\nThe stock would also see increased investments and recognition in the near term asit will be added to Russel 3000 index, which can lead to upside potential for stockholders.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161201600,"gmtCreate":1623926609900,"gmtModify":1703823668335,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161201600","repostId":"1164279693","repostType":4,"repost":{"id":"1164279693","pubTimestamp":1623913900,"share":"https://www.laohu8.com/m/news/1164279693?lang=&edition=full","pubTime":"2021-06-17 15:11","market":"us","language":"en","title":"Why Redditors Are Betting on a Short Squeeze for EV Maker Arrival","url":"https://stock-news.laohu8.com/highlight/detail?id=1164279693","media":"investorplace","summary":"Shares of electric delivery van maker Arrival(NASDAQ:ARVL) are driving to three-month highs in Wedne","content":"<p>Shares of electric delivery van maker&nbsp;<b>Arrival</b>(NASDAQ:<b><u>ARVL</u></b>) are driving to three-month highs in Wednesday’s pre-market trading. ARVL stock was up as much as 19% by 7 a.m. Eastern.</p> \n<p>Levels not seen since mid-March are being fueled by the44% short volume ratioon the shares. That has the masses on Reddit’s r/WallStreetBets highlighting the short squeeze potential in ARVL stock. Any stock with a short volume ratio at or above 20% has the potential of being targeted as a squeeze play.</p> \n<p>“606 MM shares outstanding, with the majority of shares subject to lock-up and 52mm shares in the public float,”posted one r/WallStreetBets community member, adding data that showed the borrow rate on the share to be “extremely high,” as the shares were ranked No. 2 on<i>Fintel’s</i>table of companies with the highest short borrow rate.</p> \n<p>ETRADE data showed the borrow rate was 120% and showed ARVL stock as “Hard to Borrow.”</p> \n<p>Beyond the chatterati, is there any fundamental reason for the shares’ sudden jump?</p> \n<p>ARVL Stock’s Compelling Upbeat Drivers</p> \n<p>Since coming to thepublic markets in a SPAC mergeron March 25, Arrival has been pretty much a “good news” story. At the time of its debut, it was already one of the most valuable startups in the United Kingdom, having created a platform to produce very low-cost EV trucks.</p> \n<p>It has a huge, blossoming partnership with&nbsp;<b>United Parcel Service</b>(NYSE:<b><u>UPS</u></b>) that is now doing in-depot testing of Arrival’s vehicle.</p> \n<p>On May 4, investors pushed the ARVL share price up onnews of a dealwith ride-hailing service&nbsp;<b>Uber</b>(NYSE:<b><u>UBER</u></b>) to create EVs, with production set to start in the third quarter of 2023. Days later, the company reported its inaugural earnings.</p> \n<p>Those fundamental factors led&nbsp;<i>InvestorPlace</i>contributorLarry Ramer to concludethat Arrival is “poised to become a strong player in the commercial EV space.” “With a current market capitalization of $11.5 billion ARVL stock is a true bargain for longer-term investors.”</p> \n<p>The shares at that time were trading at $17.34 a piece. ARVL stock closed yesterday at $19.90.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Redditors Are Betting on a Short Squeeze for EV Maker Arrival</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Redditors Are Betting on a Short Squeeze for EV Maker Arrival\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 15:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/arvl-stock-why-redditors-are-betting-on-a-short-squeeze-for-ev-maker-arrival/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of electric delivery van maker Arrival(NASDAQ:ARVL) are driving to three-month highs in Wednesday’s pre-market trading. ARVL stock was up as much as 19% by 7 a.m. Eastern.\nLevels not seen since...</p>\n\n<a href=\"https://investorplace.com/2021/06/arvl-stock-why-redditors-are-betting-on-a-short-squeeze-for-ev-maker-arrival/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2021/06/arvl-stock-why-redditors-are-betting-on-a-short-squeeze-for-ev-maker-arrival/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164279693","content_text":"Shares of electric delivery van maker Arrival(NASDAQ:ARVL) are driving to three-month highs in Wednesday’s pre-market trading. ARVL stock was up as much as 19% by 7 a.m. Eastern.\nLevels not seen since mid-March are being fueled by the44% short volume ratioon the shares. That has the masses on Reddit’s r/WallStreetBets highlighting the short squeeze potential in ARVL stock. Any stock with a short volume ratio at or above 20% has the potential of being targeted as a squeeze play.\n“606 MM shares outstanding, with the majority of shares subject to lock-up and 52mm shares in the public float,”posted one r/WallStreetBets community member, adding data that showed the borrow rate on the share to be “extremely high,” as the shares were ranked No. 2 onFintel’stable of companies with the highest short borrow rate.\nETRADE data showed the borrow rate was 120% and showed ARVL stock as “Hard to Borrow.”\nBeyond the chatterati, is there any fundamental reason for the shares’ sudden jump?\nARVL Stock’s Compelling Upbeat Drivers\nSince coming to thepublic markets in a SPAC mergeron March 25, Arrival has been pretty much a “good news” story. At the time of its debut, it was already one of the most valuable startups in the United Kingdom, having created a platform to produce very low-cost EV trucks.\nIt has a huge, blossoming partnership with United Parcel Service(NYSE:UPS) that is now doing in-depot testing of Arrival’s vehicle.\nOn May 4, investors pushed the ARVL share price up onnews of a dealwith ride-hailing service Uber(NYSE:UBER) to create EVs, with production set to start in the third quarter of 2023. Days later, the company reported its inaugural earnings.\nThose fundamental factors led InvestorPlacecontributorLarry Ramer to concludethat Arrival is “poised to become a strong player in the commercial EV space.” “With a current market capitalization of $11.5 billion ARVL stock is a true bargain for longer-term investors.”\nThe shares at that time were trading at $17.34 a piece. ARVL stock closed yesterday at $19.90.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187423866,"gmtCreate":1623762515355,"gmtModify":1703818507107,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187423866","repostId":"2143383753","repostType":4,"repost":{"id":"2143383753","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623749716,"share":"https://www.laohu8.com/m/news/2143383753?lang=&edition=full","pubTime":"2021-06-15 17:35","market":"hk","language":"en","title":"Gold in tight range as markets await Fed signals","url":"https://stock-news.laohu8.com/highlight/detail?id=2143383753","media":"Reuters","summary":"May retail sales data due at 1230 GMT\nFed to announce QE taper in Aug or Sept -poll\nPlatinum down ne","content":"<ul>\n <li>May retail sales data due at 1230 GMT</li>\n <li>Fed to announce QE taper in Aug or Sept -poll</li>\n <li>Platinum down nearly 1%</li>\n</ul>\n<p>(Recasts, adds chart, and updates prices)</p>\n<p>By Arundhati Sarkar</p>\n<p>June 15 (Reuters) - Gold prices held in a tight range on Tuesday ahead of a U.S. Federal Reserve meeting that could provide an indication on the eventual withdrawal of economic support.</p>\n<p>Spot gold was down 0.1% at $1,863.36 per ounce by 0901 GMT, after falling to its lowest since May 17 at $1,843.99 on Monday.</p>\n<p>U.S. gold futures were flat at $1,865.70 per ounce.</p>\n<p>\"Investors are being cautious ... with very little appetite at the moment to drive gold in <a href=\"https://laohu8.com/S/AONE\">one</a> direction or the other,\" said CMC Markets UK's chief market analyst Michael Hewson.</p>\n<p>For the second time in less than a decade, the Fed is getting ready to launch a thorny debate over how and when to sunset a massive asset-purchase program that helped cushion an economy battered by crisis.</p>\n<p>\"It's just not necessary; that amount of stimulus, at this stage of the economic rebound, so that's why we're seeing a little bit of weakness in gold prices over the past two to three days. The picture will become a lot clearer tomorrow,\" CMC's Hewson added.</p>\n<p>Nearly 60% of economists in a Reuters poll said a much-anticipated taper announcement will come in the next quarter.</p>\n<p>Also on the radar was a slew of data from the United States, including the monthly retail sales data which may provide more clues on economic recovery.</p>\n<p>\"There will be some focus on the Producer Price Index (PPI) for May... PPI often serves as a leading indicator for inflation and could provide clues on whether to expect further inflationary pressures down the road,\" Lukman Otunuga, analyst at FXTM said in a note.</p>\n<p>Capping gold's declines, the dollar index weakened 0.1%, potentially increasing bullion's appeal for those holding other currencies.</p>\n<p>Elsewhere, silver dropped 0.7% to $27.63 per ounce, palladium rose 0.1% to $2,753.11, while platinum slipped 0.9% to $1,154.69.</p>\n<p>(Reporting by Arundhati Sarkar in Bengaluru; Editing by Alexander Smith)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold in tight range as markets await Fed signals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold in tight range as markets await Fed signals\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-15 17:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>May retail sales data due at 1230 GMT</li>\n <li>Fed to announce QE taper in Aug or Sept -poll</li>\n <li>Platinum down nearly 1%</li>\n</ul>\n<p>(Recasts, adds chart, and updates prices)</p>\n<p>By Arundhati Sarkar</p>\n<p>June 15 (Reuters) - Gold prices held in a tight range on Tuesday ahead of a U.S. Federal Reserve meeting that could provide an indication on the eventual withdrawal of economic support.</p>\n<p>Spot gold was down 0.1% at $1,863.36 per ounce by 0901 GMT, after falling to its lowest since May 17 at $1,843.99 on Monday.</p>\n<p>U.S. gold futures were flat at $1,865.70 per ounce.</p>\n<p>\"Investors are being cautious ... with very little appetite at the moment to drive gold in <a href=\"https://laohu8.com/S/AONE\">one</a> direction or the other,\" said CMC Markets UK's chief market analyst Michael Hewson.</p>\n<p>For the second time in less than a decade, the Fed is getting ready to launch a thorny debate over how and when to sunset a massive asset-purchase program that helped cushion an economy battered by crisis.</p>\n<p>\"It's just not necessary; that amount of stimulus, at this stage of the economic rebound, so that's why we're seeing a little bit of weakness in gold prices over the past two to three days. The picture will become a lot clearer tomorrow,\" CMC's Hewson added.</p>\n<p>Nearly 60% of economists in a Reuters poll said a much-anticipated taper announcement will come in the next quarter.</p>\n<p>Also on the radar was a slew of data from the United States, including the monthly retail sales data which may provide more clues on economic recovery.</p>\n<p>\"There will be some focus on the Producer Price Index (PPI) for May... PPI often serves as a leading indicator for inflation and could provide clues on whether to expect further inflationary pressures down the road,\" Lukman Otunuga, analyst at FXTM said in a note.</p>\n<p>Capping gold's declines, the dollar index weakened 0.1%, potentially increasing bullion's appeal for those holding other currencies.</p>\n<p>Elsewhere, silver dropped 0.7% to $27.63 per ounce, palladium rose 0.1% to $2,753.11, while platinum slipped 0.9% to $1,154.69.</p>\n<p>(Reporting by Arundhati Sarkar in Bengaluru; Editing by Alexander Smith)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","GDX":"黄金矿业ETF-VanEck","GLD":"SPDR黄金ETF","NUGT":"二倍做多黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF(iShares)","DUST":"二倍做空黄金矿业指数ETF-Direxion"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143383753","content_text":"May retail sales data due at 1230 GMT\nFed to announce QE taper in Aug or Sept -poll\nPlatinum down nearly 1%\n\n(Recasts, adds chart, and updates prices)\nBy Arundhati Sarkar\nJune 15 (Reuters) - Gold prices held in a tight range on Tuesday ahead of a U.S. Federal Reserve meeting that could provide an indication on the eventual withdrawal of economic support.\nSpot gold was down 0.1% at $1,863.36 per ounce by 0901 GMT, after falling to its lowest since May 17 at $1,843.99 on Monday.\nU.S. gold futures were flat at $1,865.70 per ounce.\n\"Investors are being cautious ... with very little appetite at the moment to drive gold in one direction or the other,\" said CMC Markets UK's chief market analyst Michael Hewson.\nFor the second time in less than a decade, the Fed is getting ready to launch a thorny debate over how and when to sunset a massive asset-purchase program that helped cushion an economy battered by crisis.\n\"It's just not necessary; that amount of stimulus, at this stage of the economic rebound, so that's why we're seeing a little bit of weakness in gold prices over the past two to three days. The picture will become a lot clearer tomorrow,\" CMC's Hewson added.\nNearly 60% of economists in a Reuters poll said a much-anticipated taper announcement will come in the next quarter.\nAlso on the radar was a slew of data from the United States, including the monthly retail sales data which may provide more clues on economic recovery.\n\"There will be some focus on the Producer Price Index (PPI) for May... PPI often serves as a leading indicator for inflation and could provide clues on whether to expect further inflationary pressures down the road,\" Lukman Otunuga, analyst at FXTM said in a note.\nCapping gold's declines, the dollar index weakened 0.1%, potentially increasing bullion's appeal for those holding other currencies.\nElsewhere, silver dropped 0.7% to $27.63 per ounce, palladium rose 0.1% to $2,753.11, while platinum slipped 0.9% to $1,154.69.\n(Reporting by Arundhati Sarkar in Bengaluru; Editing by Alexander Smith)","news_type":1},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184349606,"gmtCreate":1623686071205,"gmtModify":1704208763526,"author":{"id":"3556107827397320","authorId":"3556107827397320","name":"fuzhi","avatar":"https://community-static.tradeup.com/news/acf7088c13405a68836f37e5bdcda342","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184349606","repostId":"1167257883","repostType":4,"repost":{"id":"1167257883","pubTimestamp":1623677550,"share":"https://www.laohu8.com/m/news/1167257883?lang=&edition=full","pubTime":"2021-06-14 21:32","market":"us","language":"en","title":"S&P 500 hovers near a record with Fed meeting looming, tech shares gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1167257883","media":"cnbc","summary":"The S&P 500 held steady near a record on Monday as investors digested the benchmark’s record level h","content":"<div>\n<p>The S&P 500 held steady near a record on Monday as investors digested the benchmark’s record level heading into a week with a key Federal Reserve meeting.\nThe broad equity benchmark traded near the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/13/us-stock-futures-are-flat-with-the-sp-500-at-a-record-high.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 hovers near a record with Fed meeting looming, tech shares gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 hovers near a record with Fed meeting looming, tech shares gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 21:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/13/us-stock-futures-are-flat-with-the-sp-500-at-a-record-high.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 held steady near a record on Monday as investors digested the benchmark’s record level heading into a week with a key Federal Reserve meeting.\nThe broad equity benchmark traded near the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/13/us-stock-futures-are-flat-with-the-sp-500-at-a-record-high.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/13/us-stock-futures-are-flat-with-the-sp-500-at-a-record-high.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1167257883","content_text":"The S&P 500 held steady near a record on Monday as investors digested the benchmark’s record level heading into a week with a key Federal Reserve meeting.\nThe broad equity benchmark traded near the flatline after closing at a record high in the previous session. The Dow Jones Industrial Average slipped 45 points. The Nasdaq Composite gained 0.1%.\nInvestors are giving growth and tech stocks another chance as bond yields come down. The 10-year Treasury went below 1.43% on Friday, a three-month low. Cathie Wood’s Ark Innovation, an ETF that focuses on disruptive technology,returned about 6% last week.\nBoosting cryptocurrency sentiment, Tesla CEO Elon Musk on Sundaysaid the company will resume bitcointransactions once it confirms there is reasonable clean energy usage by miners. Bitcoinrecovered back above$40,000 on the news.\nTesla, also a big holder of bitcoin, gained about 1%. Other key tech stocks Nvidia and Zoom also rose.\nThe Fed’s two-day policy meeting will likelydominate investor behavior this week. Although the central bank is not expected to take any action, its forecasts for interest rates, inflation and the economy could move the markets. The Fed could possibly move up its forecast for a rate hike after saying in its last quarterly update that it would keep its benchmark rate near zero through 2023,the Wall Street Journal reportedon Monday.\nFed Chairman Jerome Powell speaks to the press after the central bank issues its statement Wednesday and traders will be parsing his comments for any clues as to when the Fed could start to end its aggressive monthly asset purchases, especially given recenthotter-than-expected inflation readings.\n“Considering the recent outsized inflation reports, the Federal Reserve’s meeting this week will be scrutinized for any telltale sign the Fed’s timetable for either raising the Funds Rate or tapering QE is being moved forward,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC.\n“Any evidence suggesting monetary tightening is being moved forward will likely bring volatility to the stock market,” added Paulsen.\nU.S. stocks ended last week with a record closing high for the S&P 500 and the beginning of a rotation back into growth names.\nLast week, the 30-stock Dow Jones Industrial Average fell 0.8%, but the S&P 500 rose 0.4%, for its third straight positive week. The Nasdaq Composite was the outperformer with a gain of nearly 1.9%, posting its fourth winning week in a row as the tech trade came back into favor.\n“Because the S&P 500 Index reached yet another new record high last week, investors will be watching to see if this signals even higher levels near term,” said Paulsen.\nMeme stocks also garnered attention last week. AMC Entertainment, Clover Health Investments, GameStop and more experienced volatile trading as the group continued to get attention from the social media investors on Reddit.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}