GOEV Stock Recent News

Canoo (NASDAQ: GOEV ) stock is in the news Wednesday after the electric vehicle (EV) company announced a fleet order for Go2 Delivery. This fleet order starts with Go2 Delivery ordering five of Canoo's Class 1 Lifestyle Delivery Vehicle 130.

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, July 01, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV ), a high-tech advanced mobility company, today announced that it has officially joined the broad-market Russell 3000® Index, the small-cap Russell 2000® Index and the Russell Microcap® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets today.

Yesterday, a prominent automaker provided a much-needed catalyst for electric vehicle (EV) stocks. In an update that surprised most of the automotive community, Volkswagen (OTCMKTS: VWAGY ) announced that it would be investing up to $5 billion in Rivian (NASDAQ: RIVN ) over time, and the entire sector took notice.

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.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Canoo (NASDAQ: GOEV) stock price has remained under intense pressure in the past few weeks as investors remain concerned about the company's revenue growth and balance sheet. The stock was trading at $2.05 on Tuesday, down by over 70% from its highest level this year.

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.