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Beyond Meat Inc – Has announced plans to open a world-class plant-based meat manufacturing facility in China to help accelerate localized production and innovation. As Beyond Meat’s first end-to-end manufacturing facility outside the U.S., the cutting-edge plant in Jiaxing is expected to significantly increase the speed and scale in which the company can produce and distribute its products within the region.
ViacomCBS Inc – Back on watch this morning after yesterday’s impressive rally that followed news Credit Suisse was shopping big blocks of shares to sell once again as the Archegos Capital fallout continues. Credit Suisse also announced it had overhauled its management with multiple executive changes following the incident and will take a $4.7 bln hit in its dealings with the hedge fund. Wolfe Research upgrade today.
Carnival Corp – Unlike its competitor NCLH, Carnival said it will not take a stance when it comes to mandatory vaccine for a potential reopening of US cruise operations. Carnival also said its extending current cancellations through June 30.
Hyliion Holdings Corp – Formerly Tortoise Acquisition Corp. the leader in electrified powertrain solutions for commercial semi-trucks, today announced the formation of the Hypertruck Innovation Council, a select group of fleet, logistics, and transportation industry leaders that will actively support the development of Hyliion’s Hypertruck powertrain solution.
Li Auto Inc – Down nearly 4% in premarket trading after announcing plans for a proposed $750m offering of senior notes set to mature in May 2028.
Ebang International Holdings – Trading up more than 5% in the premarket after the company responded to the Hindenburg Research report out yesterday suggesting the firm is short the stock. Shares of Chinese bitcoin mining machine maker are higher after saying the report contained many errors, unsupported speculations and inaccurate interpretations of events.
XL Fleet Corp – Up 5% premarket after announcing it is electrifying its work truck fleet with XL Fleet plug-in hybrid and hybrid systems on its F-Series pickup trucks Apex fleet electrification investment will support its commitment to reduce carbon emissions Vehicles were acquired for Apex by XL Fleet’s Fleet Management Company partner Enterprise Fleet Management. Apex’s first investment in vehicle electrification, the order will provide 19 electrified Ford F-series pickup trucks, including ten plug-in hybrid electric and nine hybrid electric systems for pickups in its service fleet.
SunRun Inc – Clean energy names are trading higher this morning after an RBC initiating coverage on the stock with an outperform rating and an $81 PT.
SOS Ltd. – Opening sharply higher with little directly related news on the stock, the bitcoin mining firm is up nearly 30% even as BTC prices are falling this morning. The company recently announced a share offering and was also targeted by a short seller report but has continued to show strength as crypto currency rallies continue.
CBAK Energy Technology – The clean energy company is higher in the premarket with battery related news at it said it will continue its current investment path aimed at expanding production of its high-power lithium batteries, the company is primarily generating sales from the Chinese market.
Utime Ltd. – Small-cap wireless device maker from China made its debut on the Nasdaq yesterday selling 3.75m shares at $4. The stock proceeded to rally to a high of $55.03 and is set to open up 26% this morning.
Blackberry Ltd – Announced that Volvo Group, one of the world’s leading manufacturers of heavy-duty trucks, buses and construction equipment, has selected BlackBerry QNX as the foundational software for its main domain controller ECUs in more than 300,000 heavy vehicles Volvo Group manufactures every year.