• About
  • Meet The Team
  • Privacy Policy
Monday, March 8, 2021

Stocks Telegraph
  • Login
  • Home
  • Featured
  • Investing
  • Morning News
  • Mid Day Movers
No Result
View All Result
Stocks Telegraph
No Result
View All Result

Why VivoPower International PLC [VVPR] Could Sustain Upside Momentum on Monday

Company making strategic moves at a time when confidence in equities is on the rise

by Nicholas K
October 10, 2020
in Featured, Morning News
Share on FacebookShare on Twitter

VivoPower International PLC [NASDAQ: VVPR] announced yesterday that it has entered into a definitive agreement with Tembo e-LV to acquire 51% of its stock.

The Netherlands based company Tembo e-LV that specializes in off-road vehicles and battery electric has a global footprint with distributors in four major continents. It currently services a range of sectors including infrastructure, mining, government utilities, humanitarian aid, and game safaris. The company provides customized off-road vehicles suitable for rugged terrains and light electric vehicles.

VivoPower plans to part with USD$4.7 million for 51% and has the option of acquiring the remaining 49% hence controlling the entire company. This transaction is based on customary closing conditions that include funding mix requirements and capital structuring.

VivoPower sees some potential in Tembo following Tembo’s financial reports in the fiscal ended December 31, 2019. Tembo had unaudited revenue of USD$2.3 million. VivoPower, using publicly available data estimates that the commercial fleet electric vehicles market could be in the range of $36 billion. This market presents lucrative opportunities, and this is considering that the market does not include the United States, South America, and Asia, meaning it could be even bigger.

VivoPower’s Executive Chairman and CEO said that the company is looking forward to scaling up Tembo’s capacity to maximize its potential and enable it to increase its production capacity of rugged commercial fleet electrification solutions. VivoPower is focussed on providing these solutions to the infrastructure, mining, and global utilities but will soon diversify to other sectors. Currently, the two companies, VivoPower and Tembo have a combined customer base of 700. They could increase this if they venture into the US and Asia markets. Most of these clients are in infrastructure, utilities, and mining.

Tembo founder and CEO, Frank Daans welcomed this merge saying that Tembo will now fulfil the pending demands from their customers since this move will scale up their capacity and improve efficiency, thus producing more at reduced costs. This will be possible considering that the two companies have already begun joint operations.

This move adds to the company’s intrinsic value and with market optimism rising due to hopes of a stimulus package, buyers could rally into growth stocks short-term.

About VivoPower

VivoPower is an energy company specializing in battery technology, solar power, electric vehicles, and critical power services. The company’s main mandate is to provide sustainable power and energy solutions to its clients. The company has a global outlook with operations in the United States, the United Kingdom, Australia, and Canada.

 

 

Get The Best Stocks To Trade Every Day!

Join now to get the Stockstelegraph.com pre-market morning brief 100% free

Tags: FeaturedNASDAQ: VVPRTemboVivopower International PLC

Related Posts

Top Gainers Pre-Market as Big Tech Uplifts Markets
Morning News

Is this a bubble or reality: XTL Biopharmaceuticals Ltd (XTLB) stock sky-rocketed in the pre-market session?

March 5, 2021
GEVO Inc [GEVO]  – A Top Stock To Watch For The Remainder Of 2020
Morning News

Early Morning Vibes: 4 Top Movers To Watch For Weekend

March 5, 2021
The 3 Best Tech Stocks to Buy Now
Morning News

Watching the Tune: What Happens to Waitr Holdings Inc. [WTRH]

March 5, 2021
GEVO Inc [GEVO]  – A Top Stock To Watch For The Remainder Of 2020
Investing

Early Morning Vibes: 4 Hot Stocks You Might Consider For Thursday

March 4, 2021
Blonder Tongue Receives U.S. Patent Grant For DMM Series Of Products
Morning News

Lipocine Inc. [LPCN] is a stock which investors cannot afford to ignore

March 4, 2021
Top Performers as Covid-19 Vaccine Progress Uplifts Markets
Morning News

Is Allied Esports Entertainment Inc.’s (AESE) fundamentals good enough to deliver an outperformance?

March 4, 2021
Next Post
Aimmune Therapeutics [NASDAQ: AIMT] Signs Merger Agreement With Nestle

Charles Schwab [NYSE: SCHW] Set for Growth as it Consolidates Market

Early Morning Vibes: Top 4 Stocks To Buy Right Now

GEVO Inc [GEVO]  – A Top Stock To Watch For The Remainder Of 2020
by Hasnain R
March 3, 2021
0

US stock indices closed with growth on Monday. The last week rally in US government bond yields stalled, easing investors'...

Read more

The fundamentals of KemPharm Inc. (KMPH) lend themselves to long-term investors

Why IBIO Inc [IBIO] is the Best Covid-19 Vaccine Stock to Bet On
by Hasnain R
March 3, 2021
0

KemPharm, Inc. (NASDAQ: KMPH)has performed -15.80% so far this year, while over the last seven days it has performed -4.8%....

Read more

Look Out for these Fintech Stocks in 2021

The Three Top Financial Stocks for Investment
by Zoha Fatim
March 1, 2021
0

Fintech stocks are a broad category of stocks consist of stocks which are part technology and part finance. Fintech stock...

Read more

SOS Limited (SOS) Stock Surged 18% In After Hours Trading. Here Is The Reason

Is Consumer Portfolio Services (NASDAQ: CPSS) A Good Stock To Buy?
by Shan Zee
March 2, 2021
0

The emergency rescue services technology company SOS Limited (SOS) saw its shares’ price rising 18.39% in trading after the ring...

Read more

Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

GEVO Inc [GEVO]  – A Top Stock To Watch For The Remainder Of 2020
by Hasnain R
March 1, 2021
0

In the recent times, Aviation stocks have suffered a serious crash. Covid-19 shut down the entire business. But US aviation stocks,...

Read more
  • About
  • Meet The Team
  • Privacy Policy

© 2020 Stocks Telegraph - All Rights Reserved

No Result
View All Result
  • Home
  • Featured
  • Investing
  • Morning News
  • Mid Day Movers

© 2020 Stocks Telegraph - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Get The Best Stocks To Trade Every Day!

Join now to get the Stockstelegraph.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.