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Moving Solar Technology Companies Innovate. Ford, Rivian, Tesla, & GM EV (Electric Vehicles) Disrupt

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Solar Technology Companies

Although everyone is speaking of the impact of Coronavirus both for humanity as well as its impact on global corporations, this Black Swan event will pass. But there is one topic that is ongoing and that will only further grow in importance in months and years to come and that is the shift towards sustainable resources. And very soon, this dimension will become a prerequisite for any business and not just due to stricting legislation but the fact that consumers are starting to demand companies to adhere to a zero footprint policy. And this increased awareness has opened many doors. As a cherry on top, there are companies who went further and even created technologies to use sustainable resources in reshaping the world we know today.

Franchise Holdings International Inc. 

Franchise Holdings International (OTC:FNHI) announced to apply for the Solar cover Trademark. It would be amazing when this solar cover can bring onboard power to the new innovative electric pickup trucks of Ford (NYSE:F), Rivian, Tesla (NASDAQ:TSLA) or General Moters (NYSE:GM). With already so many intellectual properties, we can only wonder what jewel will Worksport bring to its parent company Franchise Holdings International. One thing is for sure, once released, its solar tonneau covers will be a shot heard across the entire auto-industry. And beyond when this company made the once inaccessible solar technology affordable for consumers it might move new boundaries to any area where this technology can be utilised- and that is pretty much any industry!

Canadian Solar

Only a few days ago, Canadian Solar (NASDAQ: CSIQ) sold its plant in the Yamaguchi Prefecture, Japan for an enterprise value $205million. But interestingly, the Canadian company will continue to provide asset management, operation and maintenance services, along with a profit sharing agreement on the side if the powerplant outperforms.The guru’s self-confidence is hard to ignore as even its stock performance reached new heights. It spoke loud and clear to investors as CSIQ saw more than 857.39K shares in trading volumes in the last trading session, with indicators are hinting that the stock could reach an outstanding figure in the market share, which is currently set at 45.35M in the public float and 1.45B US dollars in market capitalization.

AES Corporation with Google

The AES Corporation (NYSE: AES) had a pretty favorable run when it comes to the market performance, with its full year performance at 21.76%. Back in 2019, the company announced that it is entering into a 10-year strategic alliance with Google (NASDAQ:GOOGL). The aim of is for the two companies to join forces to develop and implement solutions to accelerate the growth and adoption of clean energy by leveraging Google Cloud technology to pioneer innovation in the sector. So a lot more is yet to come!

SolarEdge Technologies Inc 

As of late, it has definitely been a great time to be an investor in SolarEdge Technologies (NASDAQ:SEDG), Inc, due to its stocks’ strong price performance and favorable technical due a recent earnings estimate revision activity. The company topped estimates for its fourth quarter results and even raised its first quarter guidance quite above forecasts. All indicators are possibly suggesting that it may be on the right path.

Walking on Sunshine does feel good for everyone-and especially for the advanced energy storage market!

Sun sure seems to be shining in the world these companies are promising to build with their technologies. And as more and more companies come to them for help, their technologies and who knows what all sorts of collaboration that are bound to be countless can further improve and redefine the definition of what truly makes a green world. One thing is for sure- it is already making the lives of planet Earth better- investors included.

This article is not a press release and is contributed by Ivana Popovic who is a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. Ivana Popovic does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com Questions about this release can be send to ivana@iamnewswire.com

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IBM Is Not Out of the Woods Yet

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On Thursday afternoon, International Business Corporation (NYSE: IBM) reported its weaker than expected fourth quarter, showing that its transformation struggles continue. The large software acquisition  of Red Hat that helps customers manage a growing hybrid cloud world while using AI to drive efficiency did not manage to bring the desired improvement. The pandemic led to an entirely different scenario and adjusted profits declined by nearly a third in 2020. Upon the results, stock fell more than 6% in after-hours trading. For the past year, Big Blue’s shares have declined 5.1% while the Dow Jones Industrial Average to which it is a member of, gained 6.8% with the S&P gaining 16% during the same period.

Q4 earnings

Net income was $1.36 billion, or $1.51 a share, which is significantly less than $4.11 a share in the same quarter last year and less than the $1.81 a share that analysts had expected. After taking away significant restructuring charges and similar effects, earnings amount to $2.07 a share, down from $4.79 a share in 2019’s quarter.

Analysts expected sales of $20.7 billion, but they shrank from $21.78 billion the year before to $20.37 billion. This is IBM’s lowest quarterly revenue since 1997. Looking at YoY figures, revenue has fallen 30 of the past 34 quarters. The only solace investors could possibly find is in the fact that Red Hat’s revenue increased 18% compared to last year’s quarter, but this wasn’t enough to move the needle.

2020 figures

Revenue dropped from $77.15 billion in 2019 to $73.62 billion, pulling down adjusted earnings from $12.81 a share to $8.67. Before COVID-19 started its relentless march across the globe, analysts expected adjusted earnings of $13.30 a share on sales of $79.4 billion, according to FactSet, but expectations took a sharp dive afterwards. The delivered results were even weaker. At the end of the day, companies are what their figures say they are and right now IBM’s record continues to trend in the wrong direction with shrinking earnings and sales.

2021 outlook

Although Big Blue will be getting smaller on purpose, the planned spinoff of the managed infrastructure business at the end of the year is expected to result in sustainable mid-single-digit revenue growth and a strong free cash flow. The spin-off, along with the $34 billion 2018 Red Hat acquisition and new Chief Executive Arvind Krishna are all parts of an effort to better position IBM in the cloud space which is ran by no other than Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG)(NASDAQ: GOOGL). As if things weren’t hard enough.

IBM expects to grow revenue this year, but the story is more complicated than that. It will take a while before its strategic acquisition makes its way to improved top and bottom lines. Unfortunately, the overall picture is that revenue shrank for the fourth straight quarter, leaving the new executive sitting in the same chair as his predecessor who had 22 straight quarters of revenue losses under his watch. Despite Krishna’s sound approach, IBM’s efforts are simply not generating the expected growth, for now. But it is certainly too soon to say his transformation strategy has failed. However, something needs to change and as soon as possible.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com

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EV Efforts Needs to Catch Up to the Pace of Vaccine Development

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Science has done the impossible in an effort to combat COVID-19. But there is another technological challenge that is also vital to the planet’s health and it is to make better and more affordable batteries that will enable a wider EV adoption. Batteries need to become cheaper, they need to recharge faster, they need to adjust to a variety of temperatures and they need to last. There are many challenges but more than $300bn has been committed to EV efforts, according to Financial Times.

2020 was brilliant for EVs, despite the pandemic

The Guardian reported that sales of electric cars rose by 43% to more than 3 million, while overall car sales slumped by a fifth last year. Tesla (NASDAQ: TSLA), whose market capitalization of around $805 billion this week was higher than most of its rivals put together, led the race by selling almost half a million EVs. It was followed by Volkswagen (OTC: VWAGY) who sold more electric vehicles in western Europe last year than Tesla, despite VW’s struggles with the technology in recent years. In fact, sales of electric cars more than doubled in Europe, pushing the region past China as the world’s biggest market for them, according to Swedish-based firm, EV-volumes.com. December 2020’s sales were double compared to December 2019.

The equation is simple, EVs are better technology-wise than ICEs because there is no noise, no pollution, but there is better acceleration, and they are cheaper to run without running the environment. But, to truly replace traditional vehicles, more innovation is needed.

Innovations ahead

Worksport Ltd (OTC: WKSP) has recently added another trademark protection to its rich intellectual asset portfolio for TerraVis COR™. This innovative mobile battery system that is soon-to-be-launched is an extension to its TerraVis™ innovative truck tonneau cover system that brought solar-power to the EV equation. Another disruptive EV player is Ideanomics (NASDAQ: IDEX) which has a unique business model tailored to support a wider EV adoption. Its MEG segment effectively utilizes the S2F2C model in facilitating the switch for fleet operators to EVs. The company earns its revenue through a transaction fee for its holistic service that covers procurement, financing, and charging requirements. This is just one of several services that makes this company into a one-stop-shop for those looking to switch to EVs.

2021 – expectations are high

There is little time left to replace internal combustion engines. The UK aims to achieve this goal by 2030. The actual science behind EVs is very different from revolutionary mRNA technology used by Moderna Inc. (NASDAQ: MRNA), BioNTech (NASDAQ: BNTX) and Pfizer (NYSE: PFE) to develop their vaccines. Yet they have both one thing in common and that is the human brain that developed them. By successfully developing the vaccine to combat COVID-19 in less than a year, we won an even greater battle. People showed how far they can go when they come together to respond to an urging need. There’s no reason why developments battery technology won’t benefit from this same kind of synergy that is created when brilliant minds join forces. The money and enthusiasm are there to make yet another global public-private effort a success.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com

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Awaiting for Apple’s Earnings

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Apple (NASDAQ: AAPL) confirmed that its fiscal Q1 2021 results will be revealed on January 27th and Wall Street is getting excited. The new iPhone 12 could help to finally turn things around in Greater China where its sales have been falling apart since 2015.

The first financial report of the year is always Apple’s biggest in terms of revenue. For one thing, this quarter includes the holiday sales, but it also contains the first near-full quarter of sales for Apple’s annual flagship iPhone refresh. Launches of the iPhone 12 generation of smartphones that include the iPhone 12 mini, iPhone 12 Pro, and iPhone 12 Pro Max have reportedly seen such a high demand that Apple will allegedly increase production at the beginning of this year to a level that’s supposedly 30% higher than iPhone orders one year prior. But like the previous few quarters, this will be an unusual one with the ongoing pandemic. The Apple Watch Series 6, Apple Watch SE, and 2020 iPad, have been available for the entirety of the quarter, as opposed to the prior quarter which contained only a few days of this special trio.

Forecasts

Throughout 2020, Apple did not provide any guidance due to pandemic-related uncertainties. This practice will most likely remain in place as COVID-19 continues to wreak havoc on trade and supply chains across the globe. But, given the ongoing presence of social distancing measures that include working from home, revenue growth could still be in store for Mac and the iPad. This could be one of the last quarters of strong demand, before vaccines hopefully start putting an end to the global health crisis. Luckily for Apple, service revenues tend to be “sticky”, so this segment is unlikely to experience much of a decline going forward.

Previous quarter’s weak spots

The company failed to excite investors in its fourth quarter which ended September 26, 2020, due to weak iPhone sales. But this weakness was likely due to the fact that users were waiting for the new iPhone 12, which went on sale in October.

Outlook

Analysts expect revenues for the quarter to exceed $100 billion for the first time in its history. Morgan Stanley expects Apple to deliver all-time record revenue and earnings due to the strength across its product and services portfolio, driven by 5G adoption, remote work and learning, followed by sustained App Store engagement. Therefore, analysts expect double digit YoY growth for Apple’s five revenue segments in the December quarter.Apple’s services segment had a strong fiscal 2020, and the holiday quarter is likely to follow. Whether this will be the case, we will find out on Wednesday when Apple discloses the results of its critical first fiscal quarter for 2021.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com

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