Streetbeat News

MLLGF

Mullen Group Ltd

Industry

General Freight Trucking, Long-Distance, Truckload

Open

10.82

Mkt cap

948M

Volume

100

High

10.82

P/E Ratio

11.39

52-wk high

11.29

Low

10.82

Div yield

0.05

52-wk low

8.86

Mullen Automotive's subsidiary, Bollinger Motors, has successfully launched its Class 4 all-electric truck, generating over $4 million in sales from the first 25 units delivered since September.

Portfolio Pulse from

December 12, 2024 | 2:45 pm

Bollinger Motors, a subsidiary of Mullen Automotive, has expanded its sales and service network by adding Bergey's Truck Centers. Bollinger has successfully delivered and received payment for its initial order of B4 Trucks.

Portfolio Pulse from

December 11, 2024 | 2:15 pm

Mullen Group reported record revenues in Q3'24, driven by the ContainerWorld acquisition, with improved operational performance and margins. The company's balance sheet strengthened with $400 million debt financing, enhancing liquidity and reducing leverage concerns. Mullen targets 10% growth in 2025.

Portfolio Pulse from

December 10, 2024 | 10:00 am

Mullen Group Ltd. has announced its plan for 2025, targeting a 10% growth, which has been approved by its Board of Directors.

Portfolio Pulse from

December 09, 2024 | 11:15 am

Bollinger Motors, a subsidiary of Mullen, has announced a follow-on order from TEC Equipment for seven all-electric Bollinger B4 trucks. The payment for these trucks has been received in full, allowing for immediate revenue recognition.

Portfolio Pulse from

December 03, 2024 | 2:30 pm

Mullen Group Ltd. has acquired Pacific Northwest Investments Inc. and its subsidiary, Pacific Northwest Moving (Yukon) Limited. The acquisition was finalized on December 1, 2024.

Portfolio Pulse from

December 02, 2024 | 5:45 pm

Mullen Automotive has announced a collaboration with Emerald Transportation Solutions and the Papé Group to develop a refrigerated solution for its Class 3 electric truck, the Mullen THREE. This move targets expanding markets in home delivery, frozen food, grocery, and beverage transportation.

Portfolio Pulse from

November 26, 2024 | 2:30 pm

Mullen Group Ltd. has announced a monthly dividend of $0.07 per Common Share, payable to shareholders on record as of November 30, 2024, with payment on December 16, 2024.

Portfolio Pulse from

November 22, 2024 | 12:15 am

Mullen Automotive is preparing to start US battery production by mid-2025, with multiple battery lines installed and more planned at its Fullerton facility.

Portfolio Pulse from

November 21, 2024 | 2:30 pm

Mullen Automotive has announced the sale and delivery of its Class 1 EV cargo vans to two leading California universities, enhancing its presence in the commercial EV market on college campuses.

Portfolio Pulse from

November 20, 2024 | 2:30 pm

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