Electric Last Mile Solutions, Inc., a commercial electric vehicle solutions company, focuses on designing, engineering, manufacturing, and customizing electric last mile delivery and utility vehicles. The company is headquartered in Troy, Michigan.
IPO Year: 2021
Exchange: NASDAQ
Website: electriclastmile.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/3/2022 | $18.00 → $2.50 | Buy → Hold | Jefferies |
2/2/2022 | $6.00 | Outperform → Market Perform | Cowen & Co. |
2/2/2022 | $7.00 | Buy → Neutral | DA Davidson |
2/2/2022 | $4.00 | Outperform → Neutral | Wedbush |
2/2/2022 | Buy → Neutral | BTIG | |
8/11/2021 | $14.00 | Buy | DA Davidson |
7/28/2021 | Buy | Jefferies | |
7/28/2021 | $18.00 | Buy | Jefferies |
7/27/2021 | $15.00 | Buy | BTIG |
7/20/2021 | $17.00 | Outperform | Wedbush |
Completed launch and initial deliveries of the ELMS Urban Delivery, the first Class 1 commercial electric vehicle in the U.S., to become revenue-generating companySecured 6,000-unit order commitmentSigned long term agreements for battery and components supply and nationwide vehicle serviceExpanded operational footprint to Asia Pacific, California and CanadaOn track to launch certified Urban Delivery in December TROY, Mich., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or the "Company"), a pioneer of electric vehicles ("EVs") and intelligent mobility solutions for commercial vehicle customers, today announced financial and operating re
TROY, Mich., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or "the Company"), a pioneer of electric and intelligent mobility solutions for commercial vehicle customers, announced that it will report its third quarter 2021 financial results after market close on November 10, 2021. This will be followed by a conference call at 5 p.m. Eastern Time during which management will discuss its quarterly earnings, elaborate on the CATL battery agreement and future localization plans, and provide more details on launch plans for the Class 3 Urban Utility vehicle. Speakers on the call will include James Taylor, Chief Executive Officer; Rob Song,
Urban Delivery is on track to be the first Class 1 commercial electric vehicle in the U.S., with start of production confirmed for the third quarter this year.Continued strong demand for the Urban Delivery and actively working to finalize order commitments.Completed business combination to become a publicly traded company, with approximately $294 million of capital raised.Acquired EV manufacturing facility with up to 100,000-unit annual capacity in Mishawaka, Indiana.Strategic supply chain in place, production schedule set for 2021 with an updated volume target of 1,000 units.ELMS engineering center established and staffed for vehicle integration, design and launch of commercial EV products.
TROY, Mich., Aug. 06, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ: "ELMS" or "ELMSW") ("ELMS" or "the Company"), a pure-play commercial electric vehicle ("EV") company focused on redefining productivity for the last mile, today announced that the Company will release its second quarter 2021 financial results after the market closes on Thursday, August 12, 2021. A conference call to discuss the results will be held on Thursday, August 12, 2021 at 5:00 p.m. Eastern Time. Conference Call and WebcastTo listen to the live webcast, go to the Investors section of the Company's website at www.electriclastmile.com at least 15 minutes prior to the scheduled start time in ord
Jefferies downgraded Electric Last Mile Solns from Buy to Hold and set a new price target of $2.50 from $18.00 previously
Cowen & Co. downgraded Electric Last Mile Solns from Outperform to Market Perform and set a new price target of $6.00
DA Davidson downgraded Electric Last Mile Solns from Buy to Neutral and set a new price target of $7.00
Wedbush downgraded Electric Last Mile Solns from Outperform to Neutral and set a new price target of $4.00
BTIG downgraded Electric Last Mile Solns from Buy to Neutral
DA Davidson initiated coverage of Electric Last Mile Solns with a rating of Buy and set a new price target of $14.00
Jefferies initiated coverage of Electric Last Mile Solutions with a rating of Buy
Jefferies initiated coverage of Electric Last Mile Solns with a rating of Buy and set a new price target of $18.00
BTIG initiated coverage of Electric Last Mile Solns with a rating of Buy and set a new price target of $15.00
Wedbush initiated coverage of Electric Last Mile Solutions with a rating of Outperform and set a new price target of $17.00
ELMS Board Member Shauna McIntyre Named Interim CEO and President;Brian Krzanich, ELMS Board Member and CEO of CDK Global, to Serve as Non-Executive Chairman of the Board Transition Follows Resignation of CEO and President James Taylor and Chairman Jason Luo Company Advises Non-Reliance on Financial Statements, Which Will be Restated TROY, Mich., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or "the Company"), a pioneer of electric and intelligent mobility solutions for commercial vehicle customers, today announced that Shauna McIntyre, a member of the Company's Board of Directors, has been appointed as Interim Chief Executive Offic
TROY, Mich., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or "the Company"), a pioneer of electric and intelligent mobility solutions designed for commercial vehicle customers, announced Thomas M. Dono, Jr. has been named Chief Legal Officer and Corporate Secretary. "Tom brings more than 20 years of experience across the automotive and technology industries, and deep expertise in ESG, SEC reporting, enterprise risk management, and commercial and international law," said James Taylor, CEO of ELMS. "The addition of Tom is yet another key executive who will be integral to continuing ELMS' focus to redefine the future of urban mobili
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TROY, Mich., May 24, 2022 /PRNewswire/ -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or the "Company") today announced that it has received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the three-month period ended March 31, 2022 (the "Form 10-Q") or its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC"). The notification letter has no i
TROY, Mich., April 11, 2022 /PRNewswire/ -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or the "Company"), today announced that it has received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K"), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC"). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global S
ELMS Board Member Shauna McIntyre Named Interim CEO and President;Brian Krzanich, ELMS Board Member and CEO of CDK Global, to Serve as Non-Executive Chairman of the Board Transition Follows Resignation of CEO and President James Taylor and Chairman Jason Luo Company Advises Non-Reliance on Financial Statements, Which Will be Restated TROY, Mich., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or "the Company"), a pioneer of electric and intelligent mobility solutions for commercial vehicle customers, today announced that Shauna McIntyre, a member of the Company's Board of Directors, has been appointed as Interim Chief Executive Offic
ELMS showcasing all-electric model line-up of commercial vehicles at CESNew Urban Delivery model highlighted in vehicle displayDigital Strategy to be presented by Chief Digital Officer TROY, Mich., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or "the Company"), a pioneer of electric and intelligent mobility solutions for commercial vehicle customers, today announced it is hosting an exhibit at the Consumer Electronics Show (CES) to be held on January 5-7, 2022. ELMS is displaying both of its ELMS all-electric commercial vehicles – the Class 1 Urban Delivery and Class 3 Urban Utility – at CES. Additionally, ELMS Chief Digital Officer
ELMS to showcase all-electric Urban Delivery and Urban Utility commercial vehicles and its ELMS Air telematics solutionCEO James Taylor and ELMS executive leadership on-site to discuss fleet tech solutions and commercial vehicle capabilities TROY, Mich., Dec. 29, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or "the Company"), a pioneer of electric and intelligent mobility solutions for commercial vehicle customers, today announced it is hosting an exhibit at the Consumer Electronics Show (CES). The exhibit will display both of ELMS' all-electric commercial vehicles – the Class 1 Urban Delivery and Class 3 Urban Utility. ELMS will also be s
Glovis purchases ELMS Urban Delivery for its industrial campus ELMS Class 3 Urban Utility to be piloted by Glovis for multiple use cases TROY, Mich., Dec. 22, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or "the Company"), a pioneer of electric and intelligent mobility solutions for commercial vehicle customers, today announced an order from Glovis America, Inc. ("Glovis"), a global supply chain and logistics provider, for the ELMS Urban Delivery. Glovis specializes in air, ocean and ground freight logistics, and it plans to use ELMS commercial vehicles to support its industrial operations. The Urban Delivery will be used for materials move
PALO ALTO, Calif., Dec. 8, 2021 /PRNewswire/ -- Nauto, a leading provider of AI-based vehicle safety technology for commercial fleets and the automotive sector, announced today it has launched a partnership with Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS"), a pioneer of electric and intelligent mobility solutions for commercial vehicle customers. ELMS plans to offer Nauto's advanced predictive-AI fleet safety platform as a customer option, available pre-installed on new vehicles. The partnership will help drivers of ELMS vehicles avoid collisions and enab
ELMS finalizes initial Zeeba purchase order for 50 all-electric Urban Delivery vans, with Zeeba's intent to purchase hundreds more in 2022Zeeba, a market leader in van rentals, plans to add 2,500 all-electric vans by end of 2023 TROY, Mich., Dec. 01, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or "the Company"), a pioneer of electric and intelligent mobility solutions for commercial vehicle customers, today announced a firm purchase order from Zeeba Vans ("Zeeba"), a Los Angeles-based mobility company, for 50 ELMS Urban Delivery vans with the intent to purchase hundreds more in 2022. Zeeba, a pioneer in the urban van rental and l
TROY, Mich., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or "the Company"), a pioneer of electric and intelligent mobility solutions for commercial vehicle customers, announced that Chief Financial Officer and Treasurer Rob Song will speak at Deutsche Bank's 2021 Industrials Conference on Wednesday, Nov. 17, 2021. About Electric Last Mile Solutions, Inc.Electric Last Mile Solutions, Inc. (NASDAQ:ELMS) is focused on defining a new era in which commercial vehicles run clean as connected and customized solutions that make our customers' businesses more efficient and profitable. ELMS' first vehicle, the Urban Delivery, is the first Class
TROY, Mich., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ:ELMS, ELMSW))) ("ELMS" or "the Company"), a pioneer of electric and intelligent mobility solutions designed for commercial vehicle customers, announced Thomas M. Dono, Jr. has been named Chief Legal Officer and Corporate Secretary. "Tom brings more than 20 years of experience across the automotive and technology industries, and deep expertise in ESG, SEC reporting, enterprise risk management, and commercial and international law," said James Taylor, CEO of ELMS. "The addition of Tom is yet another key executive who will be integral to continuing ELMS' focus to redefine the future of urban mobili
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