Canoo Inc. (GOEV) Files Mixed Shelf

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Go back to Canoo Inc. (GOEV) Files Mixed Shelf

Canoo (GOEV) Sinks on 2Q Earnings Miss

August 9, 2022 11:16 AM EDT

Shares of Canoo Inc. (NASDAQ: GOEV) are down almost 16% in mid-day trading Tuesday after the company reported 2Q results and offered forward-looking commentary during the earnings call.

The electric van company reported a 2Q adjusted EPS loss of $(0.68), compared to a loss per share of $(0.50) in the year-ago period, while analysts were expecting an EPS loss of $(0.53).

GOEV reported an adjusted EBITDA of $(149.8) million, compared to $(76.7) million in the year-ago quarter. As of... More

Canoo (GOEV) to Outsource Van Production for Walmart (WMT) Order

August 9, 2022 11:01 AM EDT

Tony Aquila, CEO of the electric van company, Canoo Inc. (NASDAQ: GOEV) announced on Monday that the company would be using a third party to build its first electric vans for Walmart (NYSE: WMT). The deal, announced in July, covers orders for at... More

Roth Capital Downgrades Canoo (GOEV) to Neutral

August 9, 2022 10:30 AM EDT

Roth Capital analyst Craig Irwin downgraded Canoo (NASDAQ: GOEV) from Buy to Neutral with a price target of $3.50 (from $7.00).

The analyst comments "Canoo posted a wider than expected 2Q22 loss and mgmt pushed out expectations for commercial deliveries. We expect this delayed start... More