Streetbeat News

CREV

Carbon Revolution Public Limited Ordinary Shares

https://www.carbonrev.com

Industry

Auto - Parts

Carbon Revolution Public Limited Company manufactures and sells carbon fibre wheels to original equipment vehicle manufacturers for the automotive industry worldwide. It also provides associated engineering services; and sells tools. The company was founded in 2007 and is based in Dublin, Ireland.

Open

2.94

Mkt cap

6.8M

Volume

76K

High

3.76

P/E Ratio

-0.17

52-wk high

68.84

Low

2.94

Div yield

N/A

52-wk low

2.61

Craig-Hallum analyst Eric Stine maintains a Buy rating on Carbon Revolution (NASDAQ:CREV) but lowers the price target from $84 to $39.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:31 pm

Carbon Revolution anticipates its Q3 revenue to be between $10M and $11M.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:43 am

Carbon Revolution reported its first half revenue of $26.14M and a loss per share of $(15.57).

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:41 am

Carbon Revolution plc (NASDAQ:CREV), a leading manufacturer of lightweight carbon fiber automotive wheels, announced board changes including the appointment of Bob Lutz as Chair of the Board. Lutz, with extensive experience in the automotive industry, including a significant tenure at General Motors, is expected to lead the company through its next development phase. The board changes follow the company's recent Nasdaq listing and include the retirement of James Douglas, Lucia Cade, and Mark Bernhard. The company is planning further global expansion and capacity ramp in Australia.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:02 pm

Carbon Revolution plc (NASDAQ:CREV), a leading manufacturer of lightweight automotive carbon fiber wheels, reported a 177% YoY increase in fiscal Q2 revenue to $14.8M and a 42% increase in annual revenue to $40.3M for the year ended December 31, 2023. The growth is attributed to new program wins moving into production and the expansion of existing programs.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:15 pm

Carbon Revolution reported a significant increase in wheel production, with more than a tripling in Q4 and an 84% rise in the second half of the year compared to the first half.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:17 pm

SoFi Technologies, Inc. (SOFI) shares dropped by approximately 13% after Keefe, Bruyette & Woods downgraded the stock from Market Perform to Underperform and reduced the price target from $7.50 to $6.50. The downgrade was based on recent outperformance and changes in the analyst's model. Other stocks experienced significant movements in Wednesday's mid-day session, with various companies reporting gains due to positive developments such as regulatory approvals, partnership announcements, and favorable analyst ratings. Conversely, some stocks saw declines due to negative news such as poor earnings, strategic setbacks, or unfavorable analyst actions.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 5:58 pm

Trinity Place Holdings Inc. (TPHS) shares surged 80.1% in pre-market trading to $0.2056 after the company announced a mortgage loan forbearance extension to January 31, 2024. Other stocks also showed significant movement in pre-market trading, with Sigma Additive Solutions, Inc. (SASI) and Carbon Revolution Public Limited Company (CREV) among the top gainers. Conversely, Addentax Group Corp. (ATXG) and Calidi Biotherapeutics, Inc. (CLDI) were among the top losers.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 12:59 pm

Carbon Revolution plc (NASDAQ: CREV), a manufacturer of carbon fiber wheels, reported a 56% year-over-year increase in fiscal Q1 2024 revenue to $11.3 million. The company expects continued growth with a Q2 revenue forecast of $14M-$14.5M, driven by doubling its backlog to $730 million, with 50% for EVs. The company is focused on profitable growth through automation and increased production volume.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:09 pm

Titan Machinery Inc. (TITN) shares dropped by 8.1% to $23.41 due to weaker-than-expected quarterly earnings and sales. The company reported earnings of $1.32 per share, missing estimates of $1.53 per share, and sales of $694.12 million, below the expected $727.20 million. Other stocks experienced significant movements in Thursday's mid-day session, with notable gainers and losers across various sectors.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 6:13 pm

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