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Why More EV Price Hikes Could Be Coming In Q2
Monday, March 28, 2022 - 11:51am | 430The rise in the cost of battery materials may put the brakes on EV adoption, which has been growing at a robust pace. Battery Material Prices Escalate: In February, cathode materials such as lithium carbonate and lithium hydroxide saw price increases of 452% and 510%, respectively, as compared...
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JPMorgan Cuts Plug Power Price Target By $10 Despite Strong Execution
Wednesday, January 26, 2022 - 12:18pm | 260Although Plug Power Inc.’s (NASDAQ: PLUG) stock came under pressure following the Business Update call, the company seems to be “executing well across its business lines,” according to JPMorgan. The Plug Power Analyst: Bill Peterson maintained an Overweight rating for Plug Power...
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Tesla Battery Supplier Panasonic To Begin Mass Production Of New Longer-Range EV Batteries In 2023: Report
Monday, January 24, 2022 - 2:15pm | 413Tesla Inc (NASDAQ: TSLA) supplier Panasonic Corporation (OTC: PCRFY) has fallen behind China's CATL and South Korea's LG Energy Solutions in battery manufacturing in recent years. The Japanese firm is now clawing its way back with renewed push and investment. What Happened:...
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What This Plug Power Analyst Expects From Hydrogen Fuel Cell Company's Jan. 19 Update
Tuesday, January 18, 2022 - 12:43pm | 292Plug Power Inc. (NASDAQ: PLUG), a hydrogen fuel-cell energy play, had an eventful 2021. An analyst at KeyBanc Capital Markets is optimistic about the company's financial performance in the December quarter. The Plug Power Analyst: Analyst Leo Mariani has an Overweight rating and a $40 price...
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Why This Analyst Is Bullish On Plug Power
Wednesday, January 5, 2022 - 4:10pm | 586Plug Power, Inc., a 3Hydrogen fuel-cell energy company, has been making strides with its execution on all fronts. The Plug Power Analyst: KeyBanc Capital Markets analyst Leo Mariani initiated coverage of Plug Power shares with an Overweight rating and $40 price target, suggesting more than...
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FuelCell Stock Looks Like It's Starting To Reverse
Thursday, October 28, 2021 - 5:22pm | 423FuelCell Energy Inc (NASDAQ: FCEL) shares are trading higher Thursday, possibly after President Joe Biden today discussed his economic framework, which includes a national network of 500,000 electric vehicle charging stations. FuelCell was up 8.14% at $7.57 at market close Thursday....
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Elon Musk's Tesla Accuses Rivian Of Poaching Employees, Stealing Battery Secrets
Sunday, October 3, 2021 - 3:41pm | 411Tesla Inc (NASDAQ: TSLA) has again raised the employee poaching issue with electric truck and SUV maker Rivian Automotive Inc. What Happened: According to Bloomberg, Rivian hasn't stopped raiding Tesla's staff and stealing highly sensitive proprietary battery technology. Last...
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Tesla Produces 1 Millionth Models 3 and Y Battery Pack at Gigafactory Nevada
Thursday, September 30, 2021 - 11:25am | 298Tesla Inc (NASDAQ: TSLA) has been producing battery packs since the original Tesla Roadster was released in 2008. Every battery pack produced is another electric vehicle on the road, bringing Tesla closer to its goal of accelerating the world's transition to sustainable energy. Electrek...
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EV Week In Review: Nio's Bumper Equity Offering, Ark Offloads Tesla Holdings, Apple Car Rumors, XPeng Launch Date For P5, Toyota's Big Battery Bet
Saturday, September 11, 2021 - 9:40am | 889EV stocks were mostly down for the week ending Sept. 10, excluding Tesla, Inc. (NASDAQ: TSLA). Shares of the EV giant saw a nice bump up in the middle of the week before squandering most of the gains, and yet ending the week higher. Here are the key developments in the EV space...
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GM, LG Energy Invest $2.3B In Second US EV Battery Manufacturing Plant: Report
Friday, April 16, 2021 - 3:25pm | 596General Motors Co (NYSE: GM) and LG Energy Solution joint venture, Ultium Cells LLC, announced over $2.3 billion investment to construct its second U.S. battery cell manufacturing plant in Spring Hill, Tennessee, to supply battery cells to GM’s Spring Hill assembly plant...
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Why Tesla Might Build A Megawatt Battery In Texas
Monday, March 8, 2021 - 12:50pm | 467Tesla Inc (NASDAQ: TESLA) might be building a battery to support a Texas power grid under its subsidiary Gambit Energy Storage LLC. What Happened: Tesla is constructing a 100-megawatt battery connected to the Angleton, Texas, electric grid to store solar and wind energy according to a...
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US Needs To Make Batteries On A Large-Scale To Avoid Chip-Like Shortage, Says Ford CEO
Thursday, February 25, 2021 - 1:21am | 620Ford Motor Company (NYSE: F) CEO Jim Farley said that the United States must begin making batteries for electric vehicles to avoid supply disruptions like the ones caused by semiconductor shortages, Bloomberg reported. What Happened: Farley, speaking at the Wolfe Research Auto Conference on...
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What To Know About Tesla And PG&E's 'Landmark' Battery Energy Storage System
Thursday, July 30, 2020 - 4:03pm | 359When it comes to Tesla Inc (NASDAQ: TSLA), most people's first thought is cars or self-driving technology. But the company is working on many other things, including solar energy production, and battery technology. These batteries are used in the company's cars, but they're...
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Tesla To Source Additional Batteries From LG Chem
Saturday, July 4, 2020 - 4:25pm | 374As demand for Tesla's vehicles and other products grow, the automaker needs more batteries. This should not come as much of a surprise, as Tesla continues to deliver more cars than Wall Street analysts predict. Batteries have been one of the limiting factors in scaling up production...
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Tesla Wants To Build A 24-Hour Automotive Battery Plant In Fremont: Report
Thursday, June 25, 2020 - 5:35am | 354Tesla Inc (NASDAQ: TSLA) is commissioning an around-the-clock battery manufacturing facility in Fremont, California, for a project called Roadrunner. What Happened City government documents seen by Reuters indicate Tesla is planning to expand its small scale battery manufacturing...