Recent Reverse-Split Creates an Extremely Low Float Situation For This Little-Known EV Company…(1)
See why this could be the best time to start your research on VivoPower International (Nasdaq: VVPR).
NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR • NASDAQ: VVPR •
The Electrifying the Road Ahead: Retrofit EV Market's Booming Prospects, Eyeing $125.37 Billion by 2032… (1)
The global automotive retrofit electric vehicle powertrain market is poised for significant growth in the coming years.
With the automotive industry undergoing a transformative shift towards sustainable transportation solutions, retrofitting existing vehicles with electric powertrains has emerged as a practical and cost-effective option.
This market, driven by various factors including rising fuel prices, stringent emissions regulations, and the desire for affordable electric mobility, is set to make a substantial impact on the automotive landscape.
Market Size and Growth Projection (1)
As of 2022, the global automotive retrofit electric vehicle powertrain market was estimated to be worth a substantial $61.68 billion (USD). However, it’s projected to experience remarkable growth, reaching around $125.37 billion (USD) by 2032. This substantial expansion is expected to occur at a noteworthy Compound Annual Growth Rate (CAGR) of 7.40% from 2023 to 2032. Such exponential growth indicates the increasing demand for retrofitting solutions as a viable pathway to electric mobility.
In an electric vehicle retrofit, a vehicle’s gasoline-fueled engine and related components, including axles, are replaced with electric motors, batteries, and a range of microelectronics such as converters and regulators. This comprehensive transformation enables the vehicle to run on electricity, reducing its environmental footprint and reliance on fossil fuels.
Furthermore, retrofitted cars are equipped with charging infrastructure, making it convenient for owners to charge their vehicles at home. This ease of use enhances the appeal of retrofitting as a practical solution for sustainable transportation.
Amidst this burgeoning market, VivoPower International (Nasdaq: VVPR) stands out as a company to keep a close eye on.
With its focus on sustainable energy solutions and innovative electric mobility solutions, VivoPower is well-positioned to play a significant role in the global automotive retrofit electric vehicle powertrain market.
As the world continues its transition towards sustainable transportation, VivoPower International (Nasdaq: VVPR)’s expertise and commitment to decarbonization solutions make it a key player in shaping the future of electric mobility.
The global automotive retrofit electric vehicle powertrain market is on an upward trajectory, driven by a combination of economic, environmental, and regulatory factors. Retrofitting provides an accessible pathway for individuals and organizations to embrace electric mobility while extending the life of existing vehicles. With VivoPower International (Nasdaq: VVPR)’s dedication to sustainable solutions, the company is poised to make a substantial impact in this evolving landscape of automotive electrification.
Keep reading to see why VivoPower International (Nasdaq: VVPR) deserves the top spot on your daily watch list…
7 Reasons Why VivoPower International (Nasdaq: VVPR) Could Witness Significant Upside Potential Ahead of 2024…
Low Float Special Situation
A recent reverse stock split has significantly reduced VivoPower International (Nasdaq: VVPR)'s float size to less than 1.3 million shares, according to MarketWatch.com. (2)(3) This change has created the potential for a low float special situation in the market, making it an appealing research prospect for those who are well-prepared. Low float stocks often exhibit higher volatility due to limited shares available, which can result in explosive chart movements. (4)
Thriving in a Growing Market with Impressive Expansion
Operating within the global automotive retrofit electric vehicle powertrain market, this sector is characterized by significant market size. In 2022, the market was valued at approximately $61.68 billion (USD), and it's poised for substantial growth. Projections indicate that by 2032, it could reach a staggering $125.37 billion (USD), demonstrating a notable expansion. This anticipated growth, from 2023 to 2032, presents a compelling reason to delve into research on VivoPower International (Nasdaq: VVPR). (1)
Cutting-Edge Innovation
The subsidiary of VivoPower International (Nasdaq: VVPR), Tembo, received recognition with the Electric Vehicle Innovation of the Year Award in Dubai, highlighting the company's commitment to pushing the boundaries of electric vehicle technology. It’s important to take notice of Tembo's dedication to pioneering sustainable energy solutions and its ability to stay at the forefront of innovation in the electric utility vehicle sector. (6)
Strategic Momentum
Establishing a strong foothold in the sustainable energy sector, the company has demonstrated its commitment to growth and innovation through collaborations with key players in the industry, such as ETC Mauritius, Evolution Group Holdings, and Petrosea. VivoPower International (Nasdaq: VVPR) has successfully leveraged these strategic partnerships and expansion efforts to reinforce its position. (5)
Positive Outlook
The company's optimistic outlook for Fiscal Year 2024, marked by anticipated growth across all business units, provides a compelling incentive for individuals interested in delving deeper into VivoPower International (Nasdaq: VVPR). With a focus on long-term strategic and financial goals, coupled with its mission to drive decarbonization solutions for a net-zero carbon future, the company positions itself as an appealing opportunity in the sustainable energy landscape. (5)
Leading the Decarbonization Revolution
At the forefront of the decarbonization movement, VivoPower International (Nasdaq: VVPR) signifies a pioneering step in the transition to sustainable energy solutions with its partnership with Geminum. As the world increasingly shifts towards cleaner transportation, the company's expertise in fleet electrification positions it as a key player in driving positive change. (7)
Mining Industry Expertise
With deep-rooted expertise in digital twin technology, particularly in the mining sector, VivoPower International (Nasdaq: VVPR) enhances its capabilities to tailor solutions for remote owner-operators in the mining industry. This proficiency positions VivoPower as a valuable player in addressing unique challenges across various sectors, offering a compelling research opportunity for those interested in advancing the future of sustainable energy solutions. (7)
Recent Reverse-Stock-Split Creates an Extremely Low Float Situation for VivoPower International (Nasdaq: VVPR)... (2)
A recent reverse stock split has significantly reduced VivoPower International (Nasdaq: VVPR)’s float size. (2) This change has created the potential for a low float special situation in the market. (4)
Low float stocks refer to the securities that remain after a company’s stock has been issued to its controlling investors — meaning there are relatively few shares for the public to buy. (4)
Market watchers typically consider a float of 10-to-20 million shares as a low float. Some larger corporations have very high floats in the billions. (4)
Companies with a low float frequently have a large portion of their equity held by controlling investors such as directors and employees, which leaves only a tiny percentage of the stock available for public trading. (4)
Because low-float stocks have fewer shares available, market participants may have difficulty finding shares available. (3)
Low float stocks have the potential to present significant swings as active market participants take notice. (3)
As of 11/1/2023, VivoPower International (Nasdaq: VVPR) has less than 1.3M shares available in its float according to MarketWatch.com. (3)
And with insiders owning over 53% of shares according to FinViz.com (as of 11/1/2023), things could get very interesting for VivoPower International (Nasdaq: VVPR). (9)
Keep reading to learn more about VivoPower International (Nasdaq: VVPR) and why you should immediately add it to your daily watch list.
VivoPower International (Nasdaq: VVPR)’s Tembo Subsidiary Receives Electric Vehicle Innovation of the Year Award… (6)
In a momentous achievement, Tembo, a subsidiary of VivoPower International (Nasdaq: VVPR), has been honored with the Electric Vehicle Innovation of the Year Award at the prestigious Tech Innovation Awards 2023 event in Dubai. This recognition underscores Tembo’s dedication to advancing electric vehicle technology and its significant impact on sustainable transportation solutions.
Hosted by Entrepreneur Middle East, the Tech Innovation Awards celebrate the most outstanding technological innovations in the Middle East and North Africa region. The event brings together industry leaders to acknowledge the contributions of individuals and companies that are shaping the future of the tech industry.
The Electric Vehicle Innovation of the Year Award is a testament to Tembo’s commitment not only to technological advancement but also to the United Arab Emirates (UAE) and the broader Gulf Cooperation Council (GCC) and African regions. These regions are essential markets for Tembo’s sustainable energy solutions, where the company is actively driving positive change.
This prestigious award follows Tembo’s recent milestone – a landmark joint venture agreement to electrify jeepneys in the Philippines. This strategic move opens up a substantial market opportunity estimated at over US$10 billion, excluding charging and ancillary solutions. With approximately 40 million passenger trips per day and the livelihoods of 600,000 drivers at stake, Tembo’s electrification efforts hold the potential to transform the public transportation landscape in the Philippines. (6)
Tembo electric utility vehicles (EUVs) are designed as 100% electric solutions for ruggedized and customized applications across various industries, including mining, agriculture, infrastructure, energy utilities, defense, police, government, humanitarian, and game safaris. These EUVs offer high performance, safety, and reliability, catering to the exacting standards of fleet owners and organizations worldwide.
Tembo’s core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners on a global scale. Their offerings help extend the useful life of vehicles, reduce operational costs, maximize asset returns, align with environmental, social, and governance (ESG) goals, and promote circular economy practices. (6)
As a subsidiary of VivoPower International (Nasdaq: VVPR), Tembo operates within the broader scope of VivoPower's commitment to sustainable energy solutions.
VivoPower International (Nasdaq: VVPR), a global sustainable energy solutions B Corporation company, focuses on electric solutions for various applications, including off-road and on-road fleet needs, battery and microgrids, solar technology, and critical power services. The company's mission is to provide turnkey decarbonization solutions to help customers move toward net-zero carbon status.
With operations and a presence in multiple countries, including Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates, VivoPower International and its subsidiary Tembo are positioned to make a significant impact in the rapidly evolving landscape of sustainable energy and electric mobility. (6)
SUBSCRIBE TO OUR NEWSLETTER FOR MUST READ REPORTS & NEWS.
Getting the Right News Before Everyone Else Does, is FREE…
Terms | Privacy Policy Message and data rates may apply. Reply STOP keyword to be opted out of the program. Reply Help for Help.
We will never sell or share to third parties. For informational purposes only.
VivoPower International (Nasdaq: VVPR) Reports Fiscal Year 2023 Financial Results… (5)
VivoPower International (Nasdaq: VVPR) recently released its financial results for the fiscal year ended June 30, 2023. The report provides insights into the company’s performance, strategic partnerships, and its promising future outlook.
Financial Performance: (5)
Annual Group Revenue: VivoPower reported an annual group revenue of $15.1 million from continuing operations. representing a 33% decline year-on-year.
Improved EBITDA: VivoPower’s underlying group adjusted EBITDA loss from continuing operations improved to ($5.7) million, a positive shift compared to a ($9.1) million loss in FY22. This improvement reflects the company’s lean management approach.
Cash Position: As of June 30, 2023, VivoPower had a cash balance of $0.6 million. However, when considering pro-forma figures, including earnout proceeds from the J.A. Martin ex-solar sale, initial cash investment from a UAE private investment office, and loans from AWN Holdings, the cash balance increased to $2.8 million. The company’s major shareholder also agreed to extend the deferred interest payment date, further strengthening the company’s balance sheet.
Strategic Partnerships and Expansion: (5)
Tembo’s Distribution Network Expansion: In FY23, Tembo, a division of VivoPower, significantly expanded its distribution partner network with several major agreements. Notable agreements included a deal with ETC Mauritius in Kenya for the distribution of 4,000 conversion kits, Evolution Group Holdings in Australia and New Zealand for the conversion of their fleet to battery-electric vehicles, and partnerships with Ulti-Mech in Australia and Petrosea in Indonesia, among others.
Joint Venture in the Philippines: Post June 30, 2023, Tembo entered into a landmark joint venture agreement with Francisco Motors in the Philippines. This partnership aims to electrify the iconic jeepneys in the Philippines, with a total addressable market estimated at $10 billion (USD). The agreement also provides access to low-cost assembly and supply chains in the Philippines and Asia.
Engineering Talent Acquisition: To bolster its EV capabilities, VivoPower hired 15 experienced engineers since July 1, 2022, bringing the cumulative years of direct EV engineering experience to over 100 years. These experts have worked with renowned companies such as Tesla, Rivian, and Toyota, contributing to Tembo’s expertise.
Accolades: (5)
Recognition by B Lab UK and Real Leaders: VivoPower received recognition from B Lab United Kingdom as one of the Best for the World (BFTW) for Governance in 2022. Additionally, the company was honored by Real Leaders as one of the top 200 global impact companies in the 2023 Real Leaders Impact Awards for the third consecutive year.
Outlook: (5)
Despite the challenges faced in FY23 due to adverse weather conditions and skills shortages in Australia, VivoPower is optimistic about the future. The company anticipates a promising Fiscal Year 2024, with expected growth across all business units.
VivoPower International (Nasdaq: VVPR) remains committed to its medium to long-term strategic, financial, and impact goals, emphasizing its mission to provide customers with turnkey decarbonization solutions that contribute to a net-zero carbon future. (5)
VivoPower International (Nasdaq: VVPR) Partners with Geminum for Innovative Fleet Electrification Solutions… (7)
VivoPower International (Nasdaq: VVPR) Partners with Geminum for Innovative Fleet Electrification Solutions… (7)
VivoPower International (Nasdaq: VVPR) has entered into a definitive Joint Venture Agreement with Geminum Pty Ltd, a leading digital twin technology company, to revolutionize fleet electrification and decarbonization solutions. The collaboration aims to provide comprehensive end-to-end services for corporations looking to implement sustainable energy solutions efficiently.
Geminum’s Expertise in Digital Twin Technology (7)
Geminum is at the forefront of digital twin solutions, offering corporations a safe, cost-effective, and integrated approach to decarbonization. With 20 years of combined experience in digital twin technology and change management, particularly in the mining industry, Geminum brings a wealth of knowledge to the partnership.
A Holistic Approach to Fleet Electrification (7)
The Joint Venture Agreement outlines plans to design, test, and implement digital twins for Tembo electric utility vehicles and ancillary VivoPower sustainable energy solutions (VivoSES). These digital twins will serve as a vital tool for corporations engaged in decarbonization programs, enabling them to optimize the total cost of ownership (TCO) and access near real-time analytics and carbon abatement data.
Geminum’s Expertise in the Mining Sector (7)
Geminum will leverage its expertise to assist Tembo in tailoring solutions that cater to the unique needs of remote owner-operators in the mining industry. This collaboration signifies a holistic approach to complex system problems associated with fleet decarbonization.
A Vision for Positive Change (7)
Rob Foster, Co-founder and CEO of Geminum, expressed admiration for VivoPower and Tembo’s dedication to electrification and their commitment to driving positive change at an ecosystem level. He believes that complex challenges like fleet decarbonization require holistic solutions encompassing people, processes, and technology to facilitate a safe and cost-effective transition.
Advancing Sustainable Energy Solutions (7)
VivoPower International (Nasdaq: VVPR)’s Executive Chairman and CEO, Kevin Chin, highlighted the significance of digital twin technology in assessing the TCO equation for decarbonization programs. Beyond traditional financial metrics, it’s crucial to quantify carbon emissions consequences and consider the implications for workflow processes and people. This collaboration with Geminum will enhance VivoPower’s capabilities, particularly in the mining sector, allowing customers and partners to achieve their decarbonization objectives effectively.
The partnership between VivoPower International (Nasdaq: VVPR) and Geminum promises to drive innovation and efficiency in fleet electrification, contributing to the global transition towards sustainable energy solutions.
Recent Headlines
October 27, 2023
VivoPower International (Nasdaq: VVPR) Announces Plans To Spin Off Majority Of Caret Business Unit Portfolio And Distribution Of Special Dividend Stock.
October 18, 2023
VivoPower International (Nasdaq: VVPR) Signs Definitive Joint Venture Agreement With Digital Twin Technology Company, Geminum.
October 6, 2023
VivoPower International (Nasdaq: VVPR)’s Tembo Honoured With Electrical Vehicle Innovation Of The Year Award In Dubai, United Arab Emirates.
October 4, 2023
VivoPower International (Nasdaq: VVPR) Announces 1-For-10 Reverse Stock Split.
Recent Reverse-Split Creates an Extremely Low Float Situation For This Little-Known EV Company… (1)
See why this could be the best time to start your research on VivoPower International (Nasdaq: VVPR).
7 Reasons Why VivoPower International (Nasdaq: VVPR) Could Witness Significant Upside Potential Ahead of 2024…
Low Float Special Situation
A recent reverse stock split has significantly reduced VivoPower International (Nasdaq: VVPR)'s float size to less than 1.3 million shares, according to MarketWatch.com. (2)(3) This change has created the potential for a low float special situation in the market, making it an appealing research prospect for those who are well-prepared. Low float stocks often exhibit higher volatility due to limited shares available, which can result in explosive chart movements. (4)
Thriving in a Growing Market with Impressive Expansion
Operating within the global automotive retrofit electric vehicle powertrain market, this sector is characterized by significant market size. In 2022, the market was valued at approximately $61.68 billion (USD), and it's poised for substantial growth. Projections indicate that by 2032, it could reach a staggering $125.37 billion (USD), demonstrating a notable expansion. This anticipated growth, from 2023 to 2032, presents a compelling reason to delve into research on VivoPower International (Nasdaq: VVPR). (1)
Cutting-Edge Innovation
The subsidiary of VivoPower International (Nasdaq: VVPR), Tembo, received recognition with the Electric Vehicle Innovation of the Year Award in Dubai, highlighting the company's commitment to pushing the boundaries of electric vehicle technology. It’s important to take notice of Tembo's dedication to pioneering sustainable energy solutions and its ability to stay at the forefront of innovation in the electric utility vehicle sector. (6)
Strategic Momentum
Establishing a strong foothold in the sustainable energy sector, the company has demonstrated its commitment to growth and innovation through collaborations with key players in the industry, such as ETC Mauritius, Evolution Group Holdings, and Petrosea. VivoPower International (Nasdaq: VVPR) has successfully leveraged these strategic partnerships and expansion efforts to reinforce its position. (5)
Positive Outlook
The company's optimistic outlook for Fiscal Year 2024, marked by anticipated growth across all business units, provides a compelling incentive for individuals interested in delving deeper into VivoPower International (Nasdaq: VVPR). With a focus on long-term strategic and financial goals, coupled with its mission to drive decarbonization solutions for a net-zero carbon future, the company positions itself as an appealing opportunity in the sustainable energy landscape. (5)
Leading the Decarbonization Revolution
At the forefront of the decarbonization movement, VivoPower International (Nasdaq: VVPR) signifies a pioneering step in the transition to sustainable energy solutions with its partnership with Geminum. As the world increasingly shifts towards cleaner transportation, the company's expertise in fleet electrification positions it as a key player in driving positive change. (7)
Mining Industry Expertise
With deep-rooted expertise in digital twin technology, particularly in the mining sector, VivoPower International (Nasdaq: VVPR) enhances its capabilities to tailor solutions for remote owner-operators in the mining industry. This proficiency positions VivoPower as a valuable player in addressing unique challenges across various sectors, offering a compelling research opportunity for those interested in advancing the future of sustainable energy solutions. (7)
Source 1: https://www.precedenceresearch.com/automotive-retrofit-electric-vehicle-powertrain-market
Source 2: https://finance.yahoo.com/news/vivopower-announces-1-10-reverse-123000732.html
Source 3: https://www.marketwatch.com/investing/stock/vvpr?mod=search_symbol
Source 4: https://www.sofi.com/learn/content/understanding-low-float-
Source 5: https://finance.yahoo.com/news/vivopower-international-plc-reports-financial-210000022.html
Source 6: https://finance.yahoo.com/news/tembo-honoured-electrical-vehicle-innovation-130000395.html
Source 7: https://finance.yahoo.com/news/vivopower-signs-definitive-joint-venture-130000064.html
Source 8: https://investmentu.com/wp-content/uploads/2021/07/Low-Float-Stocks.jpg
Source 9: https://finviz.com/quote.ashx?t=VVPR&p=d
Source 10: https://149539057.v2.pressablecdn.com/wp-content/uploads/2023/10/electric-jeepney-1280×640.jpeg
Source 11: https://temboelv.com/wp-content/uploads/2023/10/vivopower-tembo-euv-benefits-1024×683.jpg
Source 12: https://vivopower.com/wp-content/uploads/2022/04/VVPR-VivoPower-Logo-WP-1024×683.png
Source 13: https://www.investmets.com/wp-content/uploads/2023/01/DigitalTwinGEexample-1024×597.jpg
Source 14: https://cleantechnica.com/files/2022/12/e-LV-Presentatie-1449V2.jpg
Source 15: https://media.cnn.com/api/v1/images/stellar/prod/221026172349-01-rivian-050922.jpg?c=original
Source 16: https://arowanaco.com/wp-content/uploads/2023/10/VivoPower-Digital-Asset-Geminum_B.png
Source 17: https://vivopower.com/wp-content/uploads/2023/10/231002-VVPR-FY23-Annual-Results-Presentation-vFINAL.pdf