As SHLL stock undergoes a transition, electric vehicle enthusiasts can capitalize on the electrification of the commercial vehicle market.
Gainers: NNOX +24.9%. IDT +22.1%.
Investors in Hyliion Holdings Corp (SHLL) saw new options become available today, for the November 13th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SHLL options chain for the new November 13th contracts and identified one put and one call contract of particular interest.
The Defiance NextGen SPAC Derived exchange traded fundt begins trading today under the ticker SPAK.
A mild pullback didn't give up much of Monday's gains.
The Environmental Protection Agency criticizes California Gov. Newsom's plan to ban the sale of new gasoline- and diesel-powered cars after 2035, arguing the mandate is impractical and possibly illegal.California's rolling blackouts and requests for power from neighboring states "begs the question of how you expect to run an electric car fleet that will come with significant increases in electricity demand, when you can't even keep the lights on today," EPA Administrator Andrew Wheeler said today in a letter to Newsom.Wheeler also said the order likely would not be able to be implemented by the California Air Resources Board without approval from the EPA, pointing out that the Trump administration in 2019 took away the state's power to set its own vehicle tailpipe emissions standards.Newsom has made climate change a central part of his policy agenda, and the governor says transportation is responsible for more than half of carbon emissions in California.Among potentially relevant tickers: GM, F, TM, HMC, OTCPK:NSANY, FCAU, OTCPK:VWAGY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, APTV, BLNK, FUV, SPAQ, SOLO, DLPH, SHLL, WKHS, RIDE.
Management expects the merger to close on Thursday, after which Tortoise stock will convert to Hyliion stock and begin trading under the ticker HYLN.
Shareholders at Tortoise Acquisition Corp. (SHLL +6.5%) voted to approve a business combination between TortoiseCorp and Hyliion Inc.
Tesla inks a huge supply deal for lithium -- anticipating huge demand for electric vehicles.
Oxbridge Re Holdings (NASDAQ:OXBR) +96%.Perceptron (NASDAQ:PRCP) +67% on entering agreement to be acquired by Atlas Copco.Westwater Resources (NASDAQ:WWR) +58%.Genfit SA (NASDAQ:GNFT) +43% on NASH test deal with LabCorp.Lithium Americas (NYSE:LAC) +29%.NexTier Oilfield Solutions (NYSE:NEX) +23%.OpGen (NASDAQ:OPGN) +18% on potential use of pathogen test in COVID-19.PolyMet Mining (NYSEMKT:PLM) +19%.Tortoise Acquisition (NYSE:SHLL) +15%.Quotient (NASDAQ:QTNT) +14% on emergency use nod for COVID-19 antibody test.Graf Industrial (NYSE:GRAF) +14%.WPX Energy (NYSE:WPX) +15% after Devon Energy buys WPX Energy in all-stock deal.United Microelectronics (NYSE:UMC) +12%.Umpqua Holdings (NASDAQ:UMPQ) +11% after Steward Partners acquires its wealth management business.Forum Merger II (NASDAQ:FMCI) +11%.HSBC Holdings plc (NYSE:HSBC) +10% after Ping An Insurance ups stake in HSBC.ArcelorMittal (NYSE:MT) +10% as Cleveland-Cliffs to acquire ArcelorMittal for about $1.4B.DBV Technologies S.A.
There's a lot of news these days concerning electric vehicles. Here are three companies we're watching closely.
Animals spirits are getting rearranged in the EV and lithium ion battery sectors in the wake of Tesla's (NASDAQ:TSLA) Battery Day event, clean energy legislation from DC and continued momentum in the China EV space.
California took a big step toward a green transportation future, mandating only zero-emissions cars can be sold in state beginning in 2035.
EV charging station provider ChargePoint is going public by year-end. It is using SPAC Switchback Energy for its IPO, which is valued at $2.4 billion.
"One of the areas in the SPAC space that I'm particularly focused on is the incentives and compensation to the SPAC sponsors," SEC Chairman Jay Clayton told CNBC."There are two steps.
Morgan Stanley analyst Adam Jonas says investors shouldn't overthink the inevitable growth of the EV market with global penetration only at 2% and major automakers fully committed.
XL Fleet, a maker of truck-electrification technology, is becoming a publicly traded company by merging with a SPAC: Pivotal Investment.
It's official: Shareholders will soon vote on the Hyliion merger plan.