CanooNASDAQ: GOEV

JUSTIN, Texas, July 03, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that Go2 Delivery, a sustainable logistics solutions provider, has signed a definitive agreement to purchase five fully-electric commercial delivery vans with the potential to purchase up to an additional 85 vans. Go2 Delivery will integrate Canoo's popular Class 1 Lifestyle Delivery Vehicle 130 (LDV130) into their delivery fleet to enhance their operational efficiency, provide eco-friendly deliveries for their customers, and significantly lower their environmental impact.

JUSTIN, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV ), a high-tech advanced mobility company, today announced that it has received the first of two tranches of new or like-new advanced manufacturing assets, formerly owned by Arrival Automotive UK Limited, at its Foreign Trade Zone (FTZ) designated facility in Oklahoma City, OK. The received assets will bolster in-house processes and enable higher cabin line production volumes in 2025.

Polestar (PSNY), Canoo (GOEV), and Faraday Future (FFIE) stock prices have tumbled this year amid the rising concerns about the electric vehicle (EV) industry. Polestar's stock has crashed by more than 69% this year while Canoo and Faraday Future have tumbled by 70% and 42%, respectively.

JUSTIN, Texas, June 03, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV ), a high-tech advanced mobility company, today announced that company leadership will participate in the following investor conferences in June: Stifel Cross Sector Insight Conference Boston, MassachusettsJune 4 -5, 2024 CFO Greg Ethridge will participate in a fireside chat on June 4 at 4:10 p.m. ET. Sidoti Small Cap Conference VirtualJune 12-13, 2024 CFO Greg Ethridge and Vice President of Capital Markets and Investor Relations Jonathan Wolff will host a 30-minute presentation and subsequent Q&A on June 12 at 3:15 p.m.

The future of electric vehicles (EVs) is starting to sift out the winners and losers. That means you need to be careful when you choose companies in which to invest.

Canoo (NASDAQ: GOEV) stock price has imploded this year even as the company made progress on its development. It has plunged by almost 60% this year even as the S&P 500 and Nasdaq 100 indices surged to their all-time highs.

Canoo Inc. (NASDAQ: GOEV) Q1 2024 Earnings Conference Call on May 14, 2024 at 5:00 PM ET. Company Representatives include John Wolf, Tony Aquila, Greg Ethridge, and Ramesh Murthy. Conference Call Participants include Michael Legg, Craig Irwin, Dan Ives, Stephen Gengaro, Donovan Schafer, Amit Dayal, and the operator. Welcome to the Canoo Q1 2024 Earnings Call.

Electric vehicle startup Canoo reported a greater-than-anticipated loss in the first quarter on Tuesday, but maintained its outlook for the year.

When determining whether to purchase, sell, or keep a stock, investors frequently depend on analyst suggestions. Reports from the media regarding rating adjustments by these analysts, who work for brokerage firms (or the sell-side), can impact a stock's price, but are they truly significant?