Wedbush initiated coverage on Sono Group N.V. with a new price target
$SEV
Auto Manufacturing
Consumer Discretionary
Wedbush initiated coverage of Sono Group N.V. with a rating of Neutral and set a new price target of $4.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2022 | $4.00 | Neutral | Wedbush |
| 6/23/2022 | $7.00 | Overweight | Cantor Fitzgerald |
| 5/4/2022 | $8.00 | Buy | B. Riley Securities |
| 12/13/2021 | $21.00 | Buy | Berenberg |
| 12/13/2021 | $23.00 | Buy | Craig Hallum |
Sono Motors' Revenues Six Times Higher Compared to Q2 202221,000 Sion B2C Reservations And 22,000 B2B Pre-Orders, Reflecting In The Aggregate Approx. €1 Billion of Potential RevenuesPurchase Order Signed With One of the World's Largest OEMsUS Tour Generates Broad Interest for Company's Solar Electric Vehicle, SionSono Motors Signs Bosch as Service Partner for SEVSono Motors Secures Additional FinancingSono Motors Starts Special Community Campaign MUNICH, Germany, Dec. 08, 2022 (GLOBE NEWSWIRE) -- The solar-mobility OEM Sono Group N.V. (NASDAQ:SEV) (hereafter referred to as "Sono Motors" or the "Company") today announced its business and financial results for the third quarter of 2022.
Sono Motors' revenues in the Second Quarter 2022 Exceed First Quarter 2022 Revenues.Revenue Development Bolstered by a Total of 21 Sono Solar B2B Customer Projects as of today.Debut of ‘Sion' in Its Production Design and Introduction of ‘Solar Bus Kit', a Scalable B2B Solution to Enable Sustainable Mobility for Commercial Transport.First Series-Validation Vehicles Fully Assembled and in Testing.As of 1 September 2022, Over 20,000 Reservations (B2C) for the Sion With Average Down Payment of about €2,000 Net and Equivalent Net Sales Volume of about €435 Million.As One of Sono Motors' First B2B Customers, FINN Intends to Purchase 12,600 Sion to Create a Sustainable Fleet. MUNICH, Germany, Sept
Revenues in the First Quarter 2022 Already Exceed Full-Year 2021 Revenues.Revenue Development Fueled by Sono Solar B2B Customer Projects.Solar Business Expansion With 5 New B2B Partnerships in the First Quarter 2022.As of Today, the Sion Series-Validation Vehicle Program Is Picking Up Speed, All Work Streams With New Contract Manufacturer Valmet Automotive Have Been Kicked-off.As of 15 May 2022, Over 18,000 Reservations for the Sion With Average Down Payment of €2,310 Net and Equivalent Net Sales Volume of €393 Million. MUNICH, Germany, June 22, 2022 (GLOBE NEWSWIRE) -- Sono Group N.V. (NASDAQ:SEV) (hereafter referred to as "Sono Motors" or the "Company", parent company to "Sono Motors
Wedbush initiated coverage of Sono Group N.V. with a rating of Neutral and set a new price target of $4.00
Cantor Fitzgerald initiated coverage of Sono Group N.V. with a rating of Overweight and set a new price target of $7.00
B. Riley Securities initiated coverage of Sono Group N.V. with a rating of Buy and set a new price target of $8.00
SC 13D - Sono Group N.V. (0001840416) (Subject)
SC 13D - Sono Group N.V. (0001840416) (Subject)
SC 13G/A - Sono Group N.V. (0001840416) (Subject)
25-NSE - Sono Group N.V. (0001840416) (Subject)
6-K - Sono Group N.V. (0001840416) (Filer)
6-K - Sono Group N.V. (0001840416) (Filer)
MUNICH, Germany, Sept. 01, 2023 (GLOBE NEWSWIRE) -- On August 28, 2023, solar tech company Sono Group N.V. (NASDAQ:SEV) (the "Company") received a staff determination letter (the "Letter") from the staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that on March 20, 2023, the Staff had notified the Company that the bid price of its listed securities had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5450(a)(1). Therefore, in accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until September 18, 2023, to regain compliance with the Rule. The Letter g
MUNICH, Germany, July 18, 2023 (GLOBE NEWSWIRE) -- On July 12, 2023, solar tech company Sono Group N.V. (NASDAQ:SEV) ("Sono Group" or the "Company") received a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") stating that the staff of the Listing Qualifications Department (the "Staff") has determined that the Company's securities will be delisted from Nasdaq in accordance with Listing Rules 5101, 5110(b) and IM-5101-1. The Notice further states that trading of the Company's common shares will be suspended at the opening of business on July 21, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the "SEC"), which will remove the Company's secu
MUNICH, Germany, May 15, 2023 (GLOBE NEWSWIRE) -- On May 15, 2023, Sono Group N.V. applied to the insolvency court of Munich, Germany, to permit the opening of a self-administration proceeding (Eigenverwaltung) with respect to Sono Group N.V. pursuant to Section 270 (b) of the German Insolvency Code (Insolvenzordnung). On the same day, Sono Motors GmbH, Sono Group N.V.'s sole wholly-owned subsidiary, applied to the same court to permit the opening of self-administration proceeding in the form of a protective shield proceeding (Schutzschirmverfahren) with respect to Sono Motors GmbH pursuant Section 270 (d) of the German Insolvency Code. Sono Group N.V. conducts its business through its sub
On August 28, 2023, solar tech company Sono Group N.V. (NASDAQ:SEV) (the "Company") received a staff determination letter (the "Letter") from the staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that on March 20, 2023, the Staff had notified the Company that the bid price of its listed securities had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5450(a)(1). Therefore, in accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until September 18, 2023, to regain compliance with the Rule. The Letter goes on to state that for the past 12 consecutive tradi
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