Pre-Open Stock Movers 11/08: (AUTL) (TTD) (BLNK) Higher; (EHTH) (BLUE) (TSLA) Lower (more...)

Global carmakers now target $515 billion for EVs, batteries - Reuters

Global carmakers now target $515 billion for EVs, batteries - Reuters

KKR Converts Remaining Stake in Coty (COTY) into Nearly 20M Common Shares

Coty Inc. (NYSE: COTY) today announced the sale of KKRs remaining 2.4% ownership stake in Coty, converted into approximately 20 million common shares. This transaction follows three earlier transactions over the last three months, as a result of which KKR fully exits Coty. Following the completion of the transaction, Cotys convertible preferred share balance totals approximately $146 million, or the equivalent of approximately 23 million common shares, held by Cotys Chairman of the Board Peter Harf.

The latest transaction will further simplify Cotys capital structure and result in additional annual... More

EVgo (EVGO) Tops Q3 EPS by 17c

EVgo (NASDAQ: EVGO) reported Q3 EPS of $0.09, $0.17 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $0 versus the consensus estimate of $5.38 million.

GUIDANCE:

EVgo sees FY2021 revenue of $20-22 million, versus the consensus of $20.3 million.

For earnings history and earnings-related data on EVgo (EVGO) click here.

Autolus Therapeutics (AUTL) Announces Publication Describing its Controllable CAR T Cell System

Autolus Therapeutics plc (Nasdaq: AUTL), a clinical-stage biopharmaceutical company developing next-generation programmed T cell therapies, today announced the publication of an article in Nature Scientific Reports describing a controllable CAR T cell system (TetCAR), designed to reversibly dampen the activity of the programmed T cells by the administration of the licensed and widely available antibiotics tetracycline and minocycline.1

Management of toxicities is a critical step in the successful application of programmed cell therapies. TetCAR is one of a number of approaches developed at Autolus that use a pharmacological agent... More

Coty Inc. (COTY) PT Raised to $11.50 at DA Davidson

DA Davidson analyst Linda Bolton Weiser raised the price target on Coty Inc. (NYSE: COTY) to $11.50 (from $10.50) while maintaining a Neutral rating.

The analyst commented, "Coty's F1Q22 sales slightly exceeded consensus and were +22% vs. an easy COVID-impacted comp of -20%. EBITDA... More

The Trade Desk (TTD) PT Raised to $115 at Susquehanna

Susquehanna analyst Shyam Patil raised the price target on The Trade Desk (NASDAQ: TTD) to $115.00 (from $105.00) while maintaining a Positive rating.

The analyst commented, "TTD reported another stellar quarter, but perhaps most impressively, guided to a strong 4Q at a time... More

Coty Inc. (COTY) PT Raised to $13 at Stifel

Stifel analyst Mark S. Astrachan raised the price target on Coty Inc. (NYSE: COTY) to $13.00 (from $11.00) while maintaining a Hold rating.

The analyst commented, "We increase F2022-F2023 adjusted EBITDA estimates by 4%-5% following solid F1Q22 results. We also lift... More

EVgo (EVGO) Extends Gain, Up 27%

EVgo (NASDAQ: EVGO) Extends Gain, Up 27%

4 EV Stocks to Benefit From $7.5 Billion Investment in Charging Infrastructure - Needham

Needham & Company analyst Vikram Bagri has outlined 4 companies that are likely to benefit from $7.5 billion set aside for electric vehicle (EV) charging infrastructure under the $1.2 trillion Infrastructure Bill.

The federal government will provide $2.5 billion through competitive grants through the Highway Trust Fund (HTF). These funds are available for deploying publicly accessible EV charging and alternative fueling infrastructure, while the remaining $5 billion is set aside for states to deploy charging infrastructure.

Although the... More