Canaccord Genuity downgraded XL Fleet from Buy to Hold and set a new price target of $6.00

BTIG downgraded XL Fleet from Buy to Neutral

Canaccord Genuity reiterated coverage of XL Fleet with a rating of Buy and set a new price target of $10.00 from $30.00 previously

Canaccord Genuity initiated coverage of XL Fleet with a rating of Buy and set a new price target of $30.00

BTIG initiated coverage of XL Fleet with a rating of Buy and set a new price target of $30

PORTLAND, Tenn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of systems (EBOS) solutions for the energy transition market, today announced that its Board of Directors has appointed Niharika Taskar Ramdev to the Board, effective August 9, 2024. The Board also appointed Ms. Ramdev to be a member of the Audit Committee of the Board. Ms. Ramdev replaces Peter Wilver, who resigned from the Board of Directors as of August 9, 2024. Shoals thanks Mr. Wilver for his service to the Company and its stockholders. "We are grateful to Pete for his outstanding contribution to Shoals and are excited to welcome Niharika to the Boar

Accomplished senior executive with over 25 years of public company finance & accounting experience Strong industry experience and track-record of execution in complex operating environments XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions, today announced that Donald P. Klein has been appointed Chief Financial Officer of XL Fleet, effective April 11, 2022. Mr. Klein is a seasoned finance executive with extensive accounting, analysis, and public reporting experience. He is an influential leader and trusted business partner with a strong track-record of accomplishments, focus and business acumen. Mr. Klein replaces Chris Goldner,

Miller's strong leadership and financial management experience in the transportation, manufacturing and distribution industries will support XL Fleet's strategy moving forward XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions, announced today the appointment of John Miller to its Board of Directors. Mr. Miller will provide strategic counsel to support the future of the business as the Company helps its customers meet decarbonization and sustainability goals. Mr. Miller has more than 40 years of executive management experience in the transportation, manufacturing and distribution industries, including operations and finance leader

Eric Tech Joined XL Fleet as CEO December 1, 2021 XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leader in fleet electrification solutions for commercial and municipal fleets, today announced that on December 1, 2021, and in connection with the previously announced appointment of Eric Tech as CEO of XL Fleet, Mr. Tech received a one-time inducement grant under NYSE Listed Company Manual Rule 303A.08. As part of the grant, Mr. Tech received 493,026 stock options with an exercise price of $4.09, reflecting the closing price on December 1, 2021. Additionally, Mr. Tech received 154,286 restricted stock units that will entitle him to receive one share of common stock as each of thes

Accomplished finance executive with more than 25 years of public and private company experience joins fleet electrification leader XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced the addition of Cielo M. Hernandez as Chief Financial Officer of XL Fleet. As CFO, Hernandez will oversee the Company's financial organization, including financial reporting, financial planning, internal controls, as well as treasury. Hernandez's extensive experience and capability will also contribute to strategic planning, M&A, and investor relations. This press release features multimedia. Vie

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PORTLAND, Tenn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of systems (EBOS) solutions for the energy transition market, today announced that its Board of Directors has appointed Niharika Taskar Ramdev to the Board, effective August 9, 2024. The Board also appointed Ms. Ramdev to be a member of the Audit Committee of the Board. Ms. Ramdev replaces Peter Wilver, who resigned from the Board of Directors as of August 9, 2024. Shoals thanks Mr. Wilver for his service to the Company and its stockholders. "We are grateful to Pete for his outstanding contribution to Shoals and are excited to welcome Niharika to the Boar

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a provider of subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage, today announced that it will change its corporate name to Spruce Power Holding Corporation, effective November 14, 2022. The Company will be known as Spruce Power. Additionally, the Company will change its NYSE ticker symbol from "XL" to "SPRU" at the open of market trading on Monday, November 14, 2022. "We are excited to execute on the next stage of our new corporate strategy with the official change of our company name," said Eric Tech, current Chief Executive Officer of XL Fleet. "Re

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a provider of subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage, today announced that on October 20, 2022, it received a notice from the New York Stock Exchange ("NYSE"), notifying the Company that it is out of compliance with the NYSE's price criteria for continued listing standards because, as of October 19, 2022, the average closing price of the Company's common stock was less than $1.00 per share over a consecutive 30 trading-day period. The Company will notify the NYSE of its intent to cure its stock price deficiency within the applicable time p

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a residential solar provider of subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage, today announced that it will release its third quarter 2022 financial results after market close on Wednesday, November 9, 2022. This release will be followed by a conference call hosted by members of the XL Fleet management team at 5:00 p.m. Eastern Time on Wednesday, November 9, 2022. As recently announced, XL Fleet completed a transformational acquisition of Spruce Power, the largest privately held solar-as-a-service provider. Results for the third quarter of 2022 w

Completed acquisition of Spruce Power from funds managed by HPS for total cash consideration of approximately $58 million and the assumption of approximately $542 million of debt on September 9, 2022 Spruce Power is the largest privately held owner and operator of residential rooftop solar systems in the U.S. with more than 52,000 subscribers Acquisition is cornerstone of XL Fleet's new corporate strategy to become leading provider of subscription-based solutions for rooftop solar, battery storage and EV charging Spruce Power generated $15 million of net income and $51 million of Adjusted EBITDA during the twelve months ended June 30, 2022 More than $240 million of unrestricted ca

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification and energy efficiency solutions, today announced that it will release its second quarter 2022 financial results after market close on Tuesday, August 9, 2022. This release will be followed by a conference call hosted by members of the XL Fleet management team at 5:00 p.m. Eastern Time on Tuesday, August 9, 2022. The call can be accessed live over the telephone by dialing (877) 510-3772, or for international callers, (412) 902-0125 and referencing XL Fleet. Alternatively, the call can be accessed via a live webcast accessible on the Events & Presentations page in the Investor Relations sectio

Jointly developed with Curbtender, Inc., the completed pre-series unit of a battery electric refuse vehicle will be showcased at WasteExpo 2022 from May 9-12 in Las Vegas XL Fleet experiencing strong customer demand for all-electric solution XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions, will today unveil at WasteExpo 2022 its first ever all-electric pre-series unit on the Curbtender Quantum refuse truck. The vehicle was developed in collaboration with Curbtender, Inc. ("Curbtender"), utilizing a Ford F-600 chassis. Curbtender is a market leader in under CDL refuse trucks and a pioneer in automated side loader collection. The

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading energy efficiency and fleet electrification solutions provider, today announced that it will release its first quarter 2022 financial results after market close on Tuesday, May 10, 2022. This release will be followed by a conference call hosted by members of the XL Fleet management team at 5:00 p.m. Eastern Time on Tuesday, May 10, 2022. The call can be accessed live over the telephone by dialing (844) 826-3033, or for international callers, (412) 317-5185 and referencing XL Fleet. Alternatively, the call can be accessed via a live webcast accessible on the Events & Presentations page in the Investor Relations section of The

Accomplished senior executive with over 25 years of public company finance & accounting experience Strong industry experience and track-record of execution in complex operating environments XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions, today announced that Donald P. Klein has been appointed Chief Financial Officer of XL Fleet, effective April 11, 2022. Mr. Klein is a seasoned finance executive with extensive accounting, analysis, and public reporting experience. He is an influential leader and trusted business partner with a strong track-record of accomplishments, focus and business acumen. Mr. Klein replaces Chris Goldner,

Tod Hynes appointed Chair of XL Fleet's Board of Advisors; steps down as President and member of its Board of Directors XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions, announced today that Tod Hynes has been appointed Chair of its Board of Advisors, and has stepped down as President of XL Fleet and member of its Board of Directors to work with additional organizations reducing fossil fuel consumption and combating climate change, effective March 21, 2022. "We appreciate Tod's commitment and many contributions to XL Fleet over the years," said Eric Tech, CEO of XL Fleet. "XL Fleet's platform is built on Tod's sustainability-foc

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XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a residential solar provider of subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage, today announced that it will release its third quarter 2022 financial results after market close on Wednesday, November 9, 2022. This release will be followed by a conference call hosted by members of the XL Fleet management team at 5:00 p.m. Eastern Time on Wednesday, November 9, 2022. As recently announced, XL Fleet completed a transformational acquisition of Spruce Power, the largest privately held solar-as-a-service provider. Results for the third quarter of 2022 w

Completed acquisition of Spruce Power from funds managed by HPS for total cash consideration of approximately $58 million and the assumption of approximately $542 million of debt on September 9, 2022 Spruce Power is the largest privately held owner and operator of residential rooftop solar systems in the U.S. with more than 52,000 subscribers Acquisition is cornerstone of XL Fleet's new corporate strategy to become leading provider of subscription-based solutions for rooftop solar, battery storage and EV charging Spruce Power generated $15 million of net income and $51 million of Adjusted EBITDA during the twelve months ended June 30, 2022 More than $240 million of unrestricted ca

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification and energy efficiency solutions, today announced that it will release its second quarter 2022 financial results after market close on Tuesday, August 9, 2022. This release will be followed by a conference call hosted by members of the XL Fleet management team at 5:00 p.m. Eastern Time on Tuesday, August 9, 2022. The call can be accessed live over the telephone by dialing (877) 510-3772, or for international callers, (412) 902-0125 and referencing XL Fleet. Alternatively, the call can be accessed via a live webcast accessible on the Events & Presentations page in the Investor Relations sectio

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading energy efficiency and fleet electrification solutions provider, today announced that it will release its first quarter 2022 financial results after market close on Tuesday, May 10, 2022. This release will be followed by a conference call hosted by members of the XL Fleet management team at 5:00 p.m. Eastern Time on Tuesday, May 10, 2022. The call can be accessed live over the telephone by dialing (844) 826-3033, or for international callers, (412) 317-5185 and referencing XL Fleet. Alternatively, the call can be accessed via a live webcast accessible on the Events & Presentations page in the Investor Relations section of The

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions, today announced fourth quarter and full-year 2021 financial results. Fourth Quarter, Full-Year 2021 and Recent Highlights Generated revenue for fourth quarter of 2021 of $8.0 million, compared to $10.9 million in the prior year Realized gross loss for the fourth quarter of 2021 of $1.6 million, compared to gross profit of $2.0 million in the prior year Exited fourth quarter of 2021 with cash and cash equivalents of approximately $352 million Appointed automotive and mobility sector veteran Eric Tech as new CEO of XL Fleet, effective December 1, 2021 Appointed Chris Goldn

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions, today announced that Cielo Hernandez has resigned as Chief Financial Officer of the Company as of January 31, 2022, to pursue other career opportunities. Ms. Hernandez's departure is not related to any disagreement with the Company over its accounting principles or practices, or financial statement disclosures. Chris Goldner, XL Fleet's Corporate Controller, has been appointed to serve as Interim Chief Financial Officer, effective February 1, 2022, while the Company undertakes a search for a permanent successor. Mr. Goldner has over twenty years of financial leadership experience

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced third quarter 2021 financial results. Third Quarter 2021 and Recent Highlights Generated revenue for third quarter of 2021 of $3.2 million, compared to $6.3 million in the prior year Realized gross profit for the third quarter of 2021 of $0.7 million, compared to $0.8 million in the prior year Delivered gross margins of approximately 22%, compared to gross margins of approximately 12% in the prior year Exited third quarter of 2021 with cash and cash equivalents of approximately $367 million Expanded platform availa

Automotive and mobility sector veteran Eric Tech named CEO of XL Fleet Tech brings nearly 35 years of industry and leadership experience at Ford and Navistar Announces preliminary unaudited financial results for the third quarter of 2021 XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of vehicle electrification solutions for commercial and municipal fleets, today announced that its Board of Directors (the "Board") has appointed Eric Tech as Chief Executive Officer of XL Fleet, effective December 1, 2021. Mr. Tech brings nearly 35 years of automotive and mobility industry experience and has held senior leadership positions at Navistar International Corporation

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced second quarter 2021 financial results. Second Quarter 2021 and Recent Highlights Generated revenue for second quarter of 2021 of $3.7 million, compared to $1.9 million in the prior year, driven by the addition of World Energy in mid-May 2021 Realized gross profit for the second quarter of 2021 of $1.0 million, reflecting gross margins of approximately 26% Exited second quarter of 2021 with cash balance of $384 million Achieved nearly 4,500 cumulative hybrid and plug-in hybrid drive systems sold through second quarter

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced first quarter 2021 financial results. First Quarter 2021 and Recent Highlights Generated revenue for first quarter of 2021 of $0.7 million, compared to $1.2 million in the prior year Exited first quarter of 2021 with cash balance of $404 million as of March 31, 2021 Achieved over 4,300 cumulative hybrid and plug-in hybrid systems sold through first quarter of 2021 Appointed Cielo Hernandez, an accomplished financial executive with over 25 years of experience, as CFO of XL Fleet Announced acquisition of World Energy

Gainers ShiftPixy, Inc. (NASDAQ:PIXY) shares surged 56.6% to settle at $19.10 on Friday. Shares of several companies in the broader industrial space traded higher on continued hopes of softer Fed policy after CPI this week showed October inflation below estimates. Exela Technologies, Inc. (NASDAQ:XELA) gained 50.3% to close at $0.2780. The company is expected to report Q3 results on November 14, 2022. uCloudlink Group Inc. (NASDAQ:UCL) jumped 49.6% to close at $1.90. uCloudlink Group is expected to report Q3 financial results on November 16, 2022. Core Scientific, Inc. (NASDAQ:CORZ) gained 44.3% to settle at $0.1981. Compass, Inc. (NYSE:COMP) jumped 44% to close at $3.50. Compass po

XL Fleet (NYSE:XL) reported quarterly losses of $(0.15) per share. This is a 200 percent decrease over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $8.36 million which beat the analyst consensus estimate of $5.80 million by 44.14 percent. This is a 161.25 percent increase over sales of $3.20 million the same period last year.

Companies Reporting Before The Bell • GCM Grosvenor (NASDAQ:GCMG) is likely to report quarterly earnings at $0.11 per share on revenue of $103.46 million. • Terran Orbital (NYSE:LLAP) is likely to report quarterly loss at $0.22 per share on revenue of $26.47 million. • Maiden Hldgs (NASDAQ:MHLD) is projected to report earnings for its third quarter. • Xeris Biopharma Holdings (NASDAQ:XERS) is estimated to report quarterly loss at $0.16 per share on revenue of $29.12 million. • Mirum Pharmaceuticals (NASDAQ:MIRM) is estimated to report quarterly loss at $1.07 per share on revenue of $20.81 million. • Olaplex Hldgs (NASDAQ:OLPX) is expected to report quarterly earnings at $0.10 per share

XL Fleet Corp. (NYSE:XL) ("XL Fleet" or the "Company"), a provider of subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage, today announced that it will change its corporate name to Spruce Power Holding Corporation, effective November 14, 2022. The Company will be known as Spruce Power. Additionally, the Company will change its NYSE ticker symbol from "XL" to "SPRU" at the open of market trading on Monday, November 14, 2022. "We are excited to execute on the next stage of our new corporate strategy with the official change of our company name," said Eric Tech, current Chief Executive Officer of XL Fleet. "Ren

Gainers Mullen Automotive (NASDAQ:MULN) stock moved upwards by 26.0% to $0.63 during Tuesday's pre-market session. The market value of their outstanding shares is at $360.9 million. Weber (NYSE:WEBR) stock rose 24.25% to $6.25. The market value of their outstanding shares is at $331.7 million. Aarons (NYSE:AAN) stock rose 12.22% to $9.09. The market value of their outstanding shares is at $279.7 million. As per the news, the Q3 earnings report came out yesterday. Cazoo Gr (NYSE:CZOO) shares rose 8.85% to $0.32. The company's market cap stands at $243.9 million. Hibbett (NASDAQ:HIBB) stock increased by 6.6% to $60.62. The market value of their outstanding shares is at $776.2 million.

  On Monday, 413 companies reached new 52-week lows. Noteable 52-Week Lows: Tesla (NASDAQ:TSLA) was the largest firm by market cap to set a new 52-week low. ALFI (NASDAQ:ALF) was the smallest company by market cap to set a new 52-week low. Tricida (NASDAQ:TCDA) was the biggest loser, trading down 94.53% to reach its 52-week low. Grupo Aval Acciones (NYSE:AVAL)'s stock made the biggest bounce back, actually moving up 0.0% shortly after hitting a new 52-week low. The stocks that set new 52-week lows on Monday: Taiwan Semiconductor (NYSE:TSM) stock achieved a new 52-week low on Monday morning, hitting $59.68 and moving down 4.74%. Estee Lauder Cos (NYSE:EL) shares were down 2.88%

Gainers Wah Fu Education Group (NASDAQ:WAFU) stock moved upwards by 8.7% to $2.25 during Monday's after-market session. The company's market cap stands at $9.9 million. XL Fleet (NYSE:XL) stock increased by 5.21% to $0.82. The company's market cap stands at $118.0 million. D-MARKET Electronic (NASDAQ:HEPS) shares rose 5.06% to $0.83. The market value of their outstanding shares is at $270.5 million. Yoshitsu Co (NASDAQ:TKLF) stock increased by 4.76% to $1.32. The company's market cap stands at $47.8 million. Lottery.com (NASDAQ:LTRY) shares rose 4.4% to $0.31. Lottery.com's trading volume hit 95.7K shares by close, accounting for 5.4% of its average volume over the last 100 days. The co

Gainers Kaixin Auto Hldgs (NASDAQ:KXIN) stock rose 18.9% to $0.78 during Monday's pre-market session. The market value of their outstanding shares is at $153.8 million. Canoo (NASDAQ:GOEV) stock increased by 12.4% to $1.45. The market value of their outstanding shares is at $409.9 million. Volcon (NASDAQ:VLCN) shares moved upwards by 11.8% to $1.8. The market value of their outstanding shares is at $43.8 million. Meten Holding Gr (NASDAQ:METX) shares increased by 9.85% to $0.3. The market value of their outstanding shares is at $4.0 million. Amesite (NASDAQ:AMST) stock increased by 8.15% to $0.23. The market value of their outstanding shares is at $6.9 million. Losers Grove Colla

  On Friday, 404 stocks made new 52-week lows. Key Facts About Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Procter & Gamble (NYSE:PG). The smallest company by market cap to set a new 52-week low was Avenue Therapeutics (NASDAQ:ATXI). Inpixon (NASDAQ:INPX) was the biggest loser of the morning session, as it dropped 6266.97% to reach its new 52-week low. BlackRock Taxable (NYSE:BBN)'s shares had the biggest turnaround, impressively rebounding 0.0% after reaching a new 52-week low. The following stocks set new 52-week lows on Friday: Procter & Gamble (NYSE:PG) shares hit a yearly low of $125.15. The stock was down 0.7% on the session. Veriz

Gainers Connexa Sports Techs (NASDAQ:CNXA) shares rose 13.2% to $0.42 during Friday's pre-market session. The market value of their outstanding shares is at $3.5 million. Hall Of Fame Resort (NASDAQ:HOFV) stock moved upwards by 7.04% to $0.6. The company's market cap stands at $70.5 million. Yoshiharu Global (NASDAQ:YOSH) stock rose 6.92% to $1.39. The company's market cap stands at $17.9 million. Qurate Retail (NASDAQ:QRTEA) stock moved upwards by 6.13% to $2.25. The market value of their outstanding shares is at $859.7 million. XL Fleet (NYSE:XL) stock increased by 5.53% to $0.95. The market value of their outstanding shares is at $136.6 million. Waitr Hldgs (NASDAQ:WTRH) shares mo