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VLVLY / Westport Fuel Systems: Proposed JV With Volvo Is Positive But Risk Of Near-Term Dilution Remains

Westport Fuel Systems: Proposed JV With Volvo Is Positive But Risk Of Near-Term Dilution Remains
Shares rallied to new multi-month highs after the company disclosed a letter of intent to contribute its HPDI fuel system technology to a new joint venture with key customer Volvo Group. With Volvo expected to acquire 45% of the proposed joint venture for approximately $28 million, the company's HPDI assets would be valued at $62.2 million. Depending on the performance of the joint venture, Volvo has committed to invest up to an additional $45 million. Read More
Posted: Jul 19 2023, 21:10
Author Name: Seeking Alpha
Views: 111445

VLVLY News  

Volvo Cars sells 10% more cars in October

By Reuters
November 3, 2023

Volvo Cars sells 10% more cars in October

Volvo Cars' sales grew 10% in October from a year earlier to 59,861 cars, the Sweden-based group said on Friday. more_horizontal

Volvo Cars CEO strikes cautious tone on solid-state battery technology

By CNBC
October 27, 2023

Volvo Cars CEO strikes cautious tone on solid-state battery technology

The CEO of Volvo Cars is bullish about the long-term potential of electric motors, but appears more cautious on solid-state battery technology. more_horizontal

Mack Trucks says UAW demands unrealistic, no new talks set

By Reuters
October 26, 2023

Mack Trucks says UAW demands unrealistic, no new talks set

Volvo Group-owned Mack Trucks said Thursday the United Auto Workers' contract demands are unrealistic and that no new talks are scheduled after worker more_horizontal

VLVLY Stock Alert: Volvo Ramps Up EV Production Due to Demand

By InvestorPlace
October 26, 2023

VLVLY Stock Alert: Volvo Ramps Up EV Production Due to Demand

For investors seeking new plays on the electric vehicle (EV) market, Volvo (OTCMKTS: VLVLY ) could be one of the best stocks to buy. This Swedish auto more_horizontal

Automaker Volvo Cars posts a rise in third quarter operating earnings

By Reuters
October 26, 2023

Automaker Volvo Cars posts a rise in third quarter operating earnings

Sweden-based automaker Volvo Cars reported a rise in third-quarter operating earnings on Thursday driven by strong volumes and lower costs for semicon more_horizontal

AB Volvo: Strong Net Sales Growth And COGS Ratio

By Seeking Alpha
October 22, 2023

AB Volvo: Strong Net Sales Growth And COGS Ratio

Volvo Group has continued to see growth in net sales and a lower COGS ratio. The main risk to Volvo Group at this time is lower truck demand going for more_horizontal

Are Investors Undervaluing Volvo (VLVLY) Right Now?

By Zacks Investment Research
October 20, 2023

Are Investors Undervaluing Volvo (VLVLY) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

Truckmaker Volvo's Q3 adjusted operating profit beats expectations

By Reuters
October 18, 2023

Truckmaker Volvo's Q3 adjusted operating profit beats expectations

Swedish truck maker Volvo reported on Wednesday a bigger than expected rise in adjusted operating profit and forecast the European and North American more_horizontal


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