Streetbeat News

PEV

Phoenix Motor Inc.

https://www.phoenixmotorcars.com

Industry

Auto - Manufacturers

Phoenix Motor Inc. designs, assembles, and integrates electric drive systems and light and medium duty electric vehicles. The company offers buses and trucks. It focuses on developing light and medium duty commercial electric vehicles for various service and government fleet markets, including city fleets, campuses, municipalities, and transit agencies; and serves a spectrum of commercial fleet customers, such as airport shuttle operators, hotel chains, transit fleet operators, seaports, last-mile delivery fleets, and large corporations. The company also markets and sells electric vehicle chargers for the commercial and residential markets; and operates a sales and leasing dealership in the United States. In addition, it sells various L2 and DC fast-charging solutions to its fleet customers at the point of sale for fleet vehicles. The company was founded in 2003 and is headquartered in Anaheim, California. Phoenix Motor Inc. operates as a subsidiary of Edisonfuture Inc.

Open

0.35

Mkt cap

13M

Volume

236K

High

0.36

P/E Ratio

-0.96

52-wk high

1.60

Low

0.33

Div yield

N/A

52-wk low

0.32

In Wednesday's after-market session, several consumer discretionary stocks showed notable movements. Aterian, Tile Shop Holdings, Phoenix Motor, Brilliant Earth Group, Allbirds, and Dixie Gr were among the gainers, with increases ranging from 5.03% to 8.3%. On the losing side, Fisker led the decline with a 47.1% drop, followed by Vroom, WW International, Jiuzi Holdings, Yoshiharu Global, and ZHONGCHAO, with decreases ranging from 5.79% to 14.22%. Earnings releases were a common factor influencing these movements.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 9:32 pm

Phoenix Motor Inc. has announced a registered direct offering priced at $4.8 million. The offering includes one share and one warrant, each at a combined purchase price of $1.15. This capital raise could dilute current shareholders but also provides the company with additional funds for operations or growth.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:04 pm

In Wednesday's pre-market session, several consumer discretionary stocks experienced significant movements. Purple Innovation (PRPL) saw a 16.4% increase, Allurion Technologies (ALUR) rose by 12.98%, and Dogness (DOGZ) went up by 10.5%. TAL Education (TAL) increased by 10.28%, Interactive Strength (TRNR) by 9.02%, and Chijet Motor Co (CJET) by 8.47%. On the downside, Phoenix Motor (PEV) dropped by 7.8%, SRIVARU Holding (SVMH) by 6.59%, U Power (UCAR) by 4.6%, Tilly's (TLYS) by 3.45%, Solid Power (SLDP) by 3.36%, and Cenntro Electric Gr (CENN) by 3.21%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 1:06 pm

In Thursday's pre-market session, several consumer discretionary stocks showed significant movement. M.D.C. Holdings (MDC) saw an 18% increase, while Dogness (DOGZ), Mondee Hldgs (MOND), Phoenix Motor (PEV), Hamilton Beach Brands (HBB), and Lazydays Hldgs (GORV) also experienced gains. Conversely, Birkenstock Holding (BIRK) dropped by 11.8% after Q4 earnings release, and Kaival Brands Innovations (KAVL), Cazoo Gr (CZOO), Interactive Strength (TRNR), Nova Lifestyle (NVFY), and MGO Global (MGOL) saw their stock prices fall.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 1:06 pm

Phoenix Motor Inc. has provided initial guidance following the acquisition of Proterra's Transit business line. The company anticipates delivering over 100 transit buses in 2024 and expects to generate revenues exceeding $100 million.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:04 pm

Phoenix Motor Inc. has settled obligations with vendors IAT Automobile Design LLC and Ultimate Automotive Engineering Inc. by entering into agreements to issue shares of common stock in lieu of cash payments. The agreements resolve disputes over performance and payments for electric vehicle design and maintenance services. Phoenix will issue shares valued at $1.24 each to IAT and UAE to settle outstanding payments of $952,606 and $738,406, respectively.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:30 pm

Phoenix Motor Inc. announced that its subsidiary, EdisonFuture, will start accepting Bitcoin as a payment method. This move reflects the company's embrace of digital currencies and aligns with a growing trend among businesses to offer more flexible payment options to customers.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:05 pm

In Friday's intraday session, several consumer discretionary stocks experienced significant movements. Wah Fu Education Group (WAFU) rose by 15.3%, Fisker (FSR) by 14.58%, and Boqii Holding (BQ) by 14.51%. Conversely, Nova Lifestyle (NVFY) fell by 21.7%, SRM Entertainment (SRM) by 18.66%, and Phoenix Motor (PEV) by 15.37%. These movements reflect volatility in the consumer discretionary sector, with market caps ranging from $2.2 million to over $1 billion.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 5:31 pm

In Thursday's intraday session, several consumer discretionary stocks experienced significant movements. Nova Lifestyle (NVFY) saw a substantial increase of 145.8%, while Mullen Automotive (MULN) and Barnes & Noble Education (BNED) also posted notable gains. Conversely, Faraday Future (FFIE), Phoenix Motor (PEV), and U Power (UCAR) were among the stocks that declined. These movements reflect the volatility and rapid changes in the market values of these companies.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 5:31 pm

Phoenix Motor Inc. is set to demonstrate its Phoenix Exchange Battery Swap Technology for commercial vehicles in January. This technology aims to provide a quick and efficient way to swap out depleted batteries for charged ones in commercial electric vehicles, potentially reducing downtime and improving operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:05 pm

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