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Canoo Inc - GOEV STOCK NEWS

Welcome to our dedicated news page for Canoo (Ticker: GOEV), a resource for investors and traders seeking the latest updates and insights on Canoo.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Canoo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Canoo's position in the market.

News
Canoo Further Expands its International Market Presence through the Red Sea Global Partnership in the Kingdom of Saudi Arabia
Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) collaborates with Red Sea Global for a pilot program using Canoo's electric vehicles at The Red Sea and AMAALA resorts. The partnership aims to tailor Canoo's zero-emission vehicles to Red Sea Global's mobility needs and use cases, showcasing eco-friendly transportation solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.15%
Tags
partnership
-
News
Canoo to Present at LD Micro Conference April 8-9
Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) will be presenting and hosting 1:1 investor meetings at the LD Micro Invitational XIV in New York City. The webcast is scheduled for April 9th at 3:00-3:25 PM ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.91%
Tags
conferences
-
News
Canoo Enters a $30 Billion Market with Multiple Commercial Vehicle Sales in Saudi Arabia
Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) expands internationally by signing a vehicle sales agreement with Jazeera Paints, a leading paint manufacturer in the GCC and MENA regions. Jazeera Paints will purchase 20 Canoo electric vehicles initially, with the potential to expand to 180 more, tapping into the lucrative Saudi Arabian EV market. This strategic move aligns with sustainable mobility initiatives in the region and leverages Canoo's FTZ approval for cost efficiencies. Canoo gains a competitive edge in the GCC market and supports Saudi Green Initiative's goal of 30% electric car sales by 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.65%
Tags
none
News
Canoo Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Canoo Inc. (GOEV) reported a 45% or $184.2 million annual adjusted EBITDA improvement in 2023, securing a USPS agreement, reducing capital expenditures by 40%, and appointing new board members. The company also acquired manufacturing assets at discounts, designated its Oklahoma City facility as a Foreign Trade Zone, and unveiled the American Bulldog vehicle. Financially, Canoo saw a GAAP net loss decrease, adjusted EBITDA improvement, and significant cash flow changes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.65%
Tags
earnings
-
News
Canoo Acquires Additional Advanced Manufacturing Assets at Deep Discounts
Rhea-AI Summary
Canoo Inc. (GOEV) acquires advanced manufacturing assets from Arrival Automotive UK and USA, reducing capital expenditures by over 20% and enhancing equity value. The company aims to lower unit costs, accelerate automated processes, and achieve positive unit margins by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.87%
Tags
acquisition
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News
Canoo’s Oklahoma City Manufacturing Facility Approved as Foreign Trade Zone
Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) receives approval for its Oklahoma City facility as a Foreign Trade Zone (FTZ) by the U.S. Department of Commerce. This approval is expected to bring up to $70 million in estimated vehicle cost savings and duty deferrals in 2024 and 2025. The FTZ designation will accelerate Canoo's Made in America electric vehicle manufacturing strategy, improve unit profitability, and create up to 1,100 manufacturing jobs. The company sources over 90% of its parts from the U.S. and allied nations, with significant cost savings on international sales and improved working capital for domestic sales. Canoo aims to enhance profitability, streamline its supply chain, and boost site security through this FTZ approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
49.48%
Tags
none
News
Canoo to Announce Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Canoo Inc. (GOEV) will release its financial results for Q4 and full year 2023 on April 1, 2024, followed by a conference call and webcast. Details for accessing the call and webcast are provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.23%
Tags
earnings
-
News
Canoo to Participate at Upcoming Investor Conferences
Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) management team to attend upcoming investor conferences, including Emerging Growth Conference, 36th Annual ROTH Conference, and LD Micro Invitational XIV. Investors can access live webcasts and replays on the Canoo website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.06%
Tags
conferences
-
News
Canoo Inc. Announces 1-for-23 Reverse Stock Split Effective March 8, 2024
Rhea-AI Summary
Canoo Inc. (NASDAQ: GOEV) announces a 1-for-23 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement. The split will be effective on March 8, 2024, with the new CUSIP number 13803R201. The Board approved the reverse split to ensure the closing bid price reaches $1.00 per share for ten consecutive business days by March 25, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.63%
Tags
stock split
News
Canoo Successfully Completes First Hiring Milestone and Receives Non-Dilutive Incentives from Oklahoma
Rhea-AI Summary
Canoo Technologies (NASDAQ: GOEV) receives funding from the State of Oklahoma for achieving employment milestone, creating high-paying advanced manufacturing jobs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.57%
Tags
none
Stock GOEV logo
Canoo Inc

Nasdaq:GOEV

GOEV Rankings

#3873 Ranked by Market Cap
#5327 Ranked by Stock Gains
N/A Ranked by Dividends

GOEV Stock Data

154.74M
58.45M
2.31%
11.2%
17.16%
Motor Vehicle Electrical and Electronic Equipment Manufacturing
Manufacturing
Link
US
Torrance

About GOEV

canoo’s mission is to bring evs to everyone.unlike anything on the road today, canoo has developed breakthrough electric vehicles that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans all owners in the full lifecycle of the vehicle.