GBA Presents: THE GREEN MARKET

GreatCamel said:
Sir SI,

I kept up to date until page 14. Must catchup
Sir Stone may I ask your thoughts on IDEX - thank you
More...


Dear GC- Thank you for reading. Believe it or not I am trying me best to keep the page count down.

Lets talk IDEX-

First blush I thought it was Idexx Labs it is not.

It appears at first blush that a company Idex bought WAVE is really interesting .

Ideanomics subsidiary concludes a follow-on order for 28 wireless chargers
Sep. 22, 2021 7:18 AM ETIdeanomics, Inc. (IDEX)
  • WAVE, a subsidiary of Ideanomics(NASDAQ:IDEX), finalized a multi-million dollar purchase order from the Antelope Valley Transit Authority ('AVTA') for28 wireless charging systems.
  • WAVE wasacquiredby Ideanomics in January 2021 and allows transit agencies to electrify their fleets with in-route charging.
  • This order comes after the 2019 announcement that AVTA would become the first fully electric fleet powered by wireless chargers, directly resulting from its partnership with WAVE.
  • "AVTA has been a strong supporter and customer of WAVE for years, and with this order, they are doubling down on their commitment to provide green, sustainable public transportation for the people of California," said Aaron Gillmore, CEO of WAVE.
Wireless Charging is one of the themes of the next whatever... 10 years.

WAVE's main system is a 250 kW embedded ruggedized charging pad allowing a vehicle to charge at schedule stops, suited for the transit system. The company is also working on developing a 500 kW and 1 MW system. Through 2020, WAVE recorded approximately $7 million in revenues, giving it quite an expensive price tag.

The problem with Idex looks rto be focus they have their feet in abunch of comapnies almost acting as an incubator... like SFE Safeguard Scientific.

--
TM2
In late January, Ideanomics invested£1.5 millioninto Technology Metals Market Limited [TM2] in a simple agreement for future equity. TM2 is a "d commodities issuing and trading platform for technology metals connecting institutional investors, proprietary traders and retail investors with digital metals issuers

Energica
Most recently, in early March, Ideanomics invested approximately $13.2 million for 20%stake in EnergicaMotor Company S.P.a, implying a valuation of about $66 million for the high performance electric motorcycle manufacturer

SilkEV
Ideanomics invested $15 million inSilkEVthrough a one-year, 6% convertible promissory note due January 2022. At the moment, SilkEV is working withFAWunder an RMB10 billion join investment to develop the Hongqi S9 hypercar, as well as three potential future models. Ideanomics' investment in Silk is aimed at access to its experience in battery technology and high-performance cars,

Investments: Solectrac
Investments in Solectrac occurred in 2H 2020, with the initial $1.3 million investment doubled shortly after, bringing Ideanomics' capital invested to $2.6 million for 22% stake. This implies a valuation of ~$12.5 million for Solectrac, ahead of full availability in North America across all three productslater this yearand planned international availability in 2022.

Solectrac is seeing some demand for its tractors ahead of availability, and late in February announced a new reservation system, allowing customers to reserve their tractor for as little as a $1,000 deposit. The CET tractor currently is priced at $26,000 to $33,000 with add-ons

Acquisitions: Timios
Back in November, Ideanomics acquired online real estate transaction services company Timios, with the acquisition formallyclosingearly in January for a price tag of ~$40 million. Timios will be a key cornerstone for Ideanomics Capital, and has historical revenue growth paired with a strong housing market tailwind alongside expansion efforts.

Through Q3 '20, Timios recorded revenues of $54.4 million,

>>>>>>>

Timios is the real earner here-

Of the revenues generated, Timios accounted for 84.4% at $27.6 million, while WAVE accounted for 5.5% at $1.8 million; Electric Vehicle revenues were 9.2% at $3.0 million. Growth in the acquired businesses is strong, as Timios is setting itself up for a record year with potential to break $100 million in revenues on a red-hot housing tailwind.

It would seem an endless amount of raising capital will be needed for this company.
I don't see much coverage, this may be a tough slog.

I have been hovering over another name WATT-- also into wireless charging. Smaller appliances not trucks and cars.>

Energous management changes bring buying opportunity, says Roth Capital 09/09 WATT Roth Capital analyst Suji Desilva keeps a Buy rating on Energous with a $4 price target after the company announced a partnership with European industrial design house TAGNology to target opportunities in Europe across both consumer and industrial applications. The analyst expects the partnership to increase traction among Energous's European customer opportunities across both consumer and industrial. Recent management transition uncertainty has created an opportunity for investors to buy the shares, Desilva tells investors in a research note.

WATT-$2.14
 
Suspicious trading activity-- PTGX

Point72 Asset Management reports 9.1% passive stake in Protagonist Therapeutics 07:38 PTGX Point72 Asset Management disclosed a 9.1% stake in Protagonist Therapeutics, which represents over 4.3M shares. The filing does not allow for activism.

News today / up 18% yesterday.
 
--Volta initiated with a Buy at Needham 07:32 VLTA

--View Inc. Smart Windows installed at NTT's newly opened hub 07:11 VIEW

--Electric Last Mile Solutions secures 1,000 binding orders 07:07 ELMS Electric Last Mile Solutions announced that it has received a binding purchase order for 1,000 units of its Urban Delivery vehicle from its strategic distribution partner, Randy Marion Automotive Group. Start of production for the Urban Delivery took place on September 20 and the Company plans to ship its first units from its production facility in Mishawaka, Indiana on September 28. "From the outset, we stated that our goal was to deliver the first commercial Class 1 EV to the U.S. market, and with the start of production this week we will achieve that milestone," said ELMS CEO James Taylor. "This order is reflective of the work that we do with our customers and sales channel partners to understand and meet their unique business needs."

SILVER PRAYER HANDS!!! BINDING is alot better than reserved
 
Wells Fargo sees 45% upside in Vimeo, starts with Overweight rating 06:40 VMEO Wells Fargo analyst Brian Fitzgerald initiated coverage of Vimeo with an Overweight rating and $47 price target. The analyst views the post-Q2 earnings pullback as overdone and believes the stock's current valuation presents an attractive entry point, with 45% upside to his price target. Vimeo addresses a "large and attractive" opportunity in small- to mid-sized business and enterprise video software tools and currently occupies the pole position among paid solution providers, Fitzgerald tells investors in a research note. He believes Vimeo's "strong positioning will support a robust multiyear top-line trajectory."

Li-Cycle initiated with a Buy at UBS 06:20 LICY

Folks that is now a 3rd house backing this Li-Cycle<-------
 
Evercore starts SunPower at Outperform, sees 26% upside potential 06:19 SPWR Evercore ISI analyst Sean Morgan initiated coverage of SunPower with an Outperform rating and $27 price target, representing 26% upside to the current share price. Investors are overlooking both industry and company specific long-term catalysts that will eventually help close the stock's "meaningful valuation discount relative to peers," Morgan tells investors in a research note. The analyst says SunPower has refocused on residential solar distribution and generation, along with a commercial and industrial solar segment, which are both "growing into massive total addressable markets." The company's mix shift is tilting towards residential solar that should increase margins over time, contends Morgan.

PubMatic initiated with a Buy at Berenberg 06:10 PUBM Berenberg analyst Alexandra Ross initiated coverage of PubMatic with a Buy rating and $37 price target.

Trade Desk assumed with a Buy at Berenberg 06:08 TTD Berenberg analyst Alexandra Ross assumed coverage of Trade Desk with a Buy rating and $85 price target.

Xponential Fitness double upgraded to Strong Buy at Raymond James 06:07 XPOF Raymond James analyst Joseph Altobello double upgraded Xponential Fitness to Strong Buy from Market Perform with a $14 price target. The company's leading position in the attractive boutique fitness market, numerous growth opportunities and relatively attractive valuation more than offset near-term risks related to COVID or execution, with the stock's recent pullback largely unjustified, Altobello tells investors in a research note. The analyst continues to expect a meaningful recovery in key metrics over the coming quarters, which should serve as a catalyst for the stock.

Entain says DraftKings offered 2,800 pence per share after lower offer rejected 05:02 GMVHF, DKNG Entain said its board confirms that following an earlier approach from DraftKings (DKNG) at 2,500 pence per share which was rejected, a further proposal was received on September 19. Under the terms of DraftKings' latest proposal, DraftKings would offer 2,800 pence per Entain share consisting of 630 pence in cash and the balance payable in new DraftKings class A common shares. DraftKings proposed that the exchange ratio which would deliver the share element of the 2,800 pence per Entain share was to be fixed immediately prior to the first agreed public announcement. 2,800 pence per Entain share represented a premium of 46.2% to Entain's closing share price on September 20. The board of Entain "strongly believes in the future prospects of the company underpinned by its leading market positions, world class management team and industry-leading technology." The company said it has a "strong track record of growth and runway for further significant growth," with the potential for its total addressable market to grow by more than three times to $160B. The board of Entain "will carefully consider the proposal and a further announcement will be made as and when appropriate." Sho
 
Alert**

Sprout Social to hold virtual investor day 04:55 SPT Virtual Investor Day to be held on September 22 at 10 am

We plan to exit position in the hype of this investor day.
 
Swatch Group initiated with an Overweight at Barclays 17:00 SWGAY Barclays analyst Carole Madjo initiated coverage of Swatch Group with an Overweight rating and CHF 363 price target. The company's core brands Omega, Harry Winston and Longines are enjoying a fast recovery and are already back to 2019 levels, the analyst tells investors in a research note, adding that "market sentiment may have changed on Swatch".

Snap continues to show best revenue growth momentum in sector, says Loop Capital 08:19 SNAP

Save Foods completes lemon pilot tests in Spain 08:16 SVFD


Draganfly to manufacturer Valqari's drone delivery stations
Sep. 22, 2021 8:16 AM ETDraganfly Inc. (DPRO)
  • Draganfly(NASDAQ:DPRO)signedan exclusive manufacturing agreement to produce Valqari’s Drone Delivery Stations.
  • The company said Valqari will be ordering at least $400K of manufacturing services during the initial phase of the agreement.
  • Valqari is focused on solving the “last inch” logistic problems associated with drone deliveries. The Valqari Delivery Station is a patented universal drone receptacle for package delivery and pick-up.
  • Valqari’s seven and a half-feet high stations can accommodate packages up to 12”x12”x9”.
DPRO
Draganfly Inc.
3.31
 
Xponential Fitness soars after Raymond James upgrade, Australia expansion development
  • Xponential Fitness(NYSE:XPOF)jumps in early trading after Raymond James upgrading the boutique fitness franchisor to a Strong Buy rating.
  • Analyst Joseph Altobello says numerous growth opportunities are ahead for XPOF and thinks valuation is relatively attractive after the recent pullback in share price.
  • Also out today, Xponential Fitness announced that it recently signed a Master Franchise Agreement in Australia, which provides the opportunity to license at least 100 Rumble studios to potential franchisees in the country over the next five years.
  • Shares of XPOF areup 15.06%premarket to $11.84 to erase the one-week drop.
 
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