Craig Hallum initiated coverage of Carbon Revolution with a rating of Buy and set a new price target of $84.00

GEELONG, Australia, June 04, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is proud to announce the appointment of Alia Comai as Chief Revenue Officer, to lead the Company's sales organization and continue developing global strategic partnerships. Comai brings over 25 years of extensive experience in the automotive sector, where she has held several pivotal leadership roles across product development, manufacturing, international business operations, program management, quality and sales. "Alia will take the lead in driving t

Board of Directors Approves Share Consolidation on an 8-for-1 Ratio Board of Directors Announces Jacqueline Dedo as Li-Cycle's Independent Board Chair Li-Cycle Holdings Corp. (NYSE:LICY) ("Li-Cycle" or the "Company"), a leading global lithium-ion battery resource recovery company, today announced updates from the Company's Annual General and Special Meeting of Shareholders held on May 23, 2024 (the "AGM"). Voting results of items of business at the AGM included the election of each of the Li-Cycle director nominees; the approval of the share consolidation resolution, described further below; the approval of the compensation of the Company's named executive officers on an advisory basi

VANCOUVER, BC, March 27, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced the appointment of Ms. Jacqueline (Jacqui) Dedo to the Ballard Board of Directors. Ms. Dedo brings relevant experience to the Board with her background in the transportation industry, including electrified propulsion in heavy-duty mobility, while also bringing complementary competencies related to strategy, innovation, technology, and corporate governance. "We strive to have a Board that is comprised of highly qualified directors with diverse and complementary background

GEELONG, Australia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV)" (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced Robert A. (Bob) Lutz will become Chair of the Board. Mr. Lutz has an extensive background in the automotive industry including as Vice Chairman of General Motors. Mr. Lutz said "I am excited to become Chair of the Board of Carbon Revolution at this transformative time when the Company is disrupting the global automotive wheel market with its unique lightweight carbon fiber composite wheel technology. Carbon Revolution is the only company to pro

GEELONG, Australia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology carbon fiber automotive wheels, today announced the appointment of Chris Recktenwald as Vice President, Procurement and Supply Chain, to lead strategic procurement and supply chain initiatives for Carbon Revolution globally. Before joining Carbon Revolution, Recktenwald held multiple senior positions over his 10 years at Ford Motor Company, including, most recently, Global Director, Exterior and Structural Systems Purchasing. Chris led the raw materials purchasing for Ford from 2019 until 202

GEELONG, Australia, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that OIC has released an incremental US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, all US$35 million has now been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding. Proceeds from the OIC investment will be used to fund operations and investments in capacity in the near term. Th

GEELONG, Australia, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that OIC has released an incremental US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, $30 million has been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding. Proceeds from the OIC investment will continue to fund the Company as it works to satisfy the growing demand from Carbon Revolu

Range Rover Sport SV Edition Two with Marl Grey Gloss exterior and Carbon Gloss 23-inch carbon fiber wheels. Source: JLR GEELONG, Australia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it will supply the carbon fiber wheels available on the just-revealed Range Rover Sport SV Edition Two. "It's wonderful to see JLR extending its offering of our lightweight carbon fiber wheels, after the option was so popular on the Edition One," said Carbon Revolution CEO Jake Dingle. "The pioneering 23-inch carbon fibe

GEELONG, Australia, July 30, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that OIC has released an incremental US$5 million of the escrowed US$35 million facility early, of which, as a result of this most recent release, $25 million has been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding. Proceeds from the OIC investment will continue to fund the Company as it works to satisfy the growing demand from Carbon R

GEELONG, Australia, July 25, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1. "It has been a great honor to work with General Motors (GM) again. This will be the third Corvette to feature our carbon fiber wheels," said Carbon Revolution CEO Jake Dingle. "Our team harnessed its extensive engineering and manufacturing experience to come up with a wheel befitting of the highest-performance Corvette we've ever seen." Carbon R

GEELONG, Australia, July 11, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has satisfied certain reserve release conditions and received US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, $20 million has been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding. Proceeds from the OIC investment will continue to fund the company as it works to satisfy the g

GEELONG, Australia, June 24, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for the early release of a further US$25 million in five tranches, each equal to US$5 million, subject to satisfying certain reserve release conditions. In connection with the release of each of the five tranches of US$5 million from escrow, the Company will issue to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding. The increm

GEELONG, Australia, June 04, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is proud to announce the appointment of Alia Comai as Chief Revenue Officer, to lead the Company's sales organization and continue developing global strategic partnerships. Comai brings over 25 years of extensive experience in the automotive sector, where she has held several pivotal leadership roles across product development, manufacturing, international business operations, program management, quality and sales. "Alia will take the lead in driving t

GEELONG, Australia, May 24, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for the early release of a further US$5 million from the remaining US$30 million in escrow, by way of issuance of secured debt under modifications which have been agreed with existing financiers. After giving effect to the net proceeds of the US$5M release, the Company has approximately US$6.1M of unrestricted cash1 and US$4.9M in restricted Trust fund related to the PIUS a

Board of Directors Approves Share Consolidation on an 8-for-1 Ratio Board of Directors Announces Jacqueline Dedo as Li-Cycle's Independent Board Chair Li-Cycle Holdings Corp. (NYSE:LICY) ("Li-Cycle" or the "Company"), a leading global lithium-ion battery resource recovery company, today announced updates from the Company's Annual General and Special Meeting of Shareholders held on May 23, 2024 (the "AGM"). Voting results of items of business at the AGM included the election of each of the Li-Cycle director nominees; the approval of the share consolidation resolution, described further below; the approval of the compensation of the Company's named executive officers on an advisory basi

Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc.  (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC

Shares of Natera, Inc. (NASDAQ:NTRA) rose sharply in today's pre-market trading following strong first-quarter earnings. Natera posted GAAP loss of 56 cents per share, compared to market expectations for a loss of 71 cents per share. The company's quarterly sales came in at $367.700 million versus estimates of $316.306 million. Natera, shares jumped 15.3% to $110.25 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Novavax, Inc. (NASDAQ:NVAX) gained 165% to $11.84 in pre-market trading after the company reported first-quarter results. AEye, Inc. (NASDAQ:LIDR) gained 38.1% to $1.63 in pre-market trading after the company disclosed a par

Craig-Hallum analyst Eric Stine maintains Carbon Revolution (NASDAQ:CREV) with a Buy and lowers the price target from $84 to $39.

Carbon Revolution plc (NASDAQ:CREV)" (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced Robert A. (Bob) Lutz will become Chair of the Board. Mr. Lutz has an extensive background in the automotive industry including as Vice Chairman of General Motors. Mr. Lutz said "I am excited to become Chair of the Board of Carbon Revolution at this transformative time when the Company is disrupting the global automotive wheel market with its unique lightweight carbon fiber composite wheel technology. Carbon Revolution is the only company to produce and sell carbon fiber automotive wheels at scale."Th

Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced preliminary financial results for the fiscal second quarter of 2024. "Carbon Revolution delivered another quarterly revenue record in the fiscal second quarter of 2024, up 177% year-over-year to US$14.8 million1. This was driven by our program wins continuing to move into production and growth of existing programs. Looking ahead, we expect that strength to continue. Commercial momentum continues to be very strong, and we are continuing to expand capacity to support customer demand," said Jake Dingle,

- Achieved Record Half Year Revenue of US$26.1 million, up 107% year-over-year- Half Year Sales of 12.8k Wheels, More Than Doubling Volumes Compared to the Prior Year- Achieved Record Quarterly Revenue of US$14.8 million in 2Q24, up 177% year-over-year- Limited liquidity as of 31 March 2024, requires additional finance; discussion with OIC for potential early release of Escrow funds is ongoing- Issues Preliminary Estimate for Fiscal 3Q 2024 (Quarter Ended March 31, 2024) of $10 to $11 Million, Up 110% Year-Over-Year at the Mid-Point of the Range GEELONG, Australia, April 09, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and t

GEELONG, Australia, April 03, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, plans to conduct a conference call with analysts to discuss its fiscal first half 2024 results and business outlook on April 9, 2024 at 8:00 a.m. Eastern time. Before the open of the market on April 9 and prior to the conference call, the Company will issue a copy of the earnings press release via GlobeNewswire. The press release may also be viewed on the Investor Relations section of the Company's website at https://investors.carbonrev.com/. The Company

– Issues Outlook For Fiscal Second Quarter Revenue –– Conference Call and Investor Presentation Available on IR Site – GEELONG, Australia, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV)" (the "Company") a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today provided a business update. "Carbon Revolution delivered record revenue in the fiscal first quarter of 2024, up 56% year-over-year to US$11.3 million1, as program wins have moved into production, and we expect that strength to continue. Our commercial momentum is extremely strong, with five program wins in 2023 more than doubling our backlog," said J

GEELONG, Australia, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today announced that the Company will provide a business update on December 12, 2023, on a conference call hosted by management at 5:00 p.m. (Eastern Time). Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://www.carbonrev.com/investor-centre/. The conference call can be accessed live over the phone by dialing 1-877-407-9716 (domestic) or + 1-201-493-67