Thunder Power Holdings (OTCQB: AIEV) reported operational and strategic updates including advancement of a planned share exchange with Taiwan affiliate Electric Power Technology, approved by shareholders on June 26, 2025, at a ratio of 119 Thunder Power shares for every 100 TW shares (37,635,039 new shares issued for 31,626,082 TW shares, subject to closing conditions).
The company completed due diligence on acquiring 16 solar plants in Kaohsiung and Pingtung expected to add NT$24 million annual operating revenue, is evaluating EPC acquisitions, and is reviewing seven additional solar projects (300 kW–1.5 MW).
Q2 2025 results: no revenue, G&A $0.5M quarter ($1.3M six months), six-month net loss $1.3M, cash $97,454, and management noted substantial doubt about going concern following July 2025 Nasdaq delisting.
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Positive
Share exchange approved: 31,626,082 TW shares for 37,635,039 AIEV shares
Due diligence complete on 16 solar plants expected to add NT$24 million annual revenue
Reviewing seven solar projects sized 300 kW–1.5 MW
Evaluating EPC acquisitions to enable vertical integration of solar operations
Negative
No revenue reported in Q2 2025
Six-month net loss totaled $1.3 million
Cash on hand was $97,454 as of June 30, 2025
Management identified substantial doubt about the Company’s ability to continue as a going concern
Company securities were delisted from Nasdaq in July 2025, reducing market liquidity
Key Figures
Solar plant revenue:NT$24 millionQ2 2025 G&A expense:$0.5 millionH1 2025 G&A expense:$1.3 million+5 more
8 metrics
Solar plant revenueNT$24 millionExpected additional annual operating revenue from 16 solar plants if acquired
Q2 2025 G&A expense$0.5 millionGeneral and administrative expenses for the quarter ended June 30, 2025
H1 2025 G&A expense$1.3 millionGeneral and administrative expenses for six months ended June 30, 2025
Q2 2025 net loss$0.5 millionNet loss for three months ended June 30, 2025
H1 2025 net loss$1.3 millionNet loss for six months ended June 30, 2025
Cash on hand$97,454Cash balance as of June 30, 2025 with going concern uncertainty noted
Solar plants targeted16 plantsNumber of solar power plants in Kaohsiung and Pingtung under acquisition review
New shares to issue37,635,039 sharesThunder Power common stock to be issued in TW Company share exchange
Market Reality Check
Price:$68.26Vol:Volume 7,329,326 is in li...
normal vol
$68.26Last Close
VolumeVolume 7,329,326 is in line with the 20-day average of 7,271,107 (relative volume 1.01x).normal
TechnicalPrice at $62.21 is trading 8.6% below the 200-day MA of $68.06, and 16.9% below the 52-week high.
Peers on Argus
KR fell 2.64% while key peers were mixed: ACI +0.93%, TGT +2.31%, WMK +0.75%, GO...
KR fell 2.64% while key peers were mixed: ACI +0.93%, TGT +2.31%, WMK +0.75%, GO +0.54%, and SFM -0.12%, suggesting a more stock-specific move.
Common CatalystPeer news included TGT’s SoHo concept store opening, pointing to company-specific headlines rather than a broad grocery sector driver.
eCommerce strategy shift and fulfillment center closures with expected profit lift.
Pattern Detected
KR has recently seen negative reactions around major strategic/earnings updates, while promotional and eCommerce strategy news have drawn modestly positive responses.
Recent Company History
Over the last month, KR has reported several notable developments. On Nov 18, 2025, it updated its eCommerce strategy, expecting about $400M operating profit improvement in 2026, with shares rising modestly. An earnings release on Dec 4, 2025 with large automated network impairments coincided with a -4.62% move. Store development and holiday promotion news around early December produced smaller, mixed reactions. Against this backdrop, today’s workplace recognition news sits alongside a period of strategic change and restructuring.
Market Pulse Summary
This announcement highlights external recognition for Kroger’s IT workplace, which can support recru...
Analysis
This announcement highlights external recognition for Kroger’s IT workplace, which can support recruiting and retention in an increasingly digital retail environment. In recent months, KR has navigated major eCommerce strategy shifts, significant impairment charges, and new development projects. Shares were trading below both the 200-day MA and the 52-week high beforehand, so investors may watch how talent, technology investments, and ongoing restructuring interact with future earnings, cash generation, and competitive positioning.
Key Terms
share exchange agreement, engineering, procurement, and construction, feed-in-tariff, going concern, +2 more
6 terms
share exchange agreementfinancial
"on December 19, 2024, the Company entered into a Share Exchange Agreement"
A share exchange agreement is a legal deal where shareholders trade their shares in one company for shares in another, commonly used in mergers, acquisitions or corporate reorganizations. Think of it like swapping ownership cards in a game: the swap can change who controls the business, how many shares each person owns, and the value and liquidity of those holdings, so investors need to understand the exchange ratio, potential dilution and long-term impact on value and voting power.
engineering, procurement, and constructiontechnical
"acquisition of two or more engineering, procurement, and construction (EPC) solar providers"
Engineering, procurement, and construction (EPC) is a contract model where a single party designs a project, buys the necessary equipment and materials, and builds the facility to hand over a finished, working asset. Investors watch EPC arrangements because they concentrate responsibility for cost, schedule and quality with one contractor—much like hiring a general contractor to design, buy and build a house—so contractor performance directly affects project returns and risk exposure.
feed-in-tariffregulatory
"maximizes returns—whether via government feed-in-tariff programs or open market power"
A feed-in tariff is a government policy that guarantees producers of certain types of electricity, often from renewable sources, a fixed price and long-term contract for the power they supply to the grid. Think of it as a locked-in sale price and buyer for a farmer’s crop: it reduces revenue uncertainty, makes projects easier to finance, and directly affects the expected returns and risk for investors in energy assets.
going concernfinancial
"management has identified substantial doubt regarding the Company's ability to continue as a going concern"
A going concern is a business that is expected to continue its operations and meet its obligations for the foreseeable future, rather than shutting down or selling off assets. This assumption matters to investors because it indicates stability and ongoing profitability, making the business a more reliable investment. Think of it as believing a restaurant will stay open and serve customers, rather than closing down suddenly.
forward-looking statementsregulatory
"This press release contains certain statements that may include "forward-looking statements.""
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Generally Accepted Accounting Standardsfinancial
"ability to receive a successful audit outcome under Generally Accepted Accounting Standards"
A set of widely accepted rules and guidelines that companies use to prepare financial reports so numbers are calculated and presented consistently. Like a common recipe or rulebook, these standards let investors compare companies, check that statements are reliable, and spot real changes in performance rather than differences caused by accounting choices.
AI-generated analysis. Not financial advice.
CINCINNATI, Dec. 9, 2025 /PRNewswire/ -- The Kroger Co. (NYSE: KR), today announced it has been named to Foundry's Computerworld 2026 Best Places to Work in IT. This year's recognition marks the eighth consecutive year Kroger's associates have been recognized by Computerworld for their innovative and industry-leading workplace culture. Kroger ranks No. 45 among large organizations on the Best Places to Work in IT list.
"Each and every day, our associates serve customers across the country, making it easier to shop for fresh, affordable food no matter how they are shopping with us – whether that be in a physical store or through our seamless ecommerce offerings," said Yael Cosset, Kroger's executive vice president & chief digital officer.
This particular distinction is a testament to our team's resiliency and commitment, navigating an ever-changing retail landscape with innovation, creativity, and passion. Our associates enable the company to stay competitive, equipping us to grow with our customers and meet them where they are."
Kroger focuses on building a culture where associates feel empowered to learn, grow and develop while contributing their unique ideas to solve some of the industry's toughest challenges.
"It's clear that AI is having a disruptive impact on IT operations and IT talent," says Barbara Call, global director of content strategy at Foundry. "This year's honorees demonstrate how organizations are proactively evolving their talent strategies to fill much-needed skills gaps and reskill existing staff to be more resilient and responsive to changing needs."
The complete Computerworld 2026 Best Places to Work in IT list can be viewed here.
To learn more about pursuing a career at Kroger or apply for an open role visit: thekrogerco.com/careers.
About Kroger At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies nearly 420,000 associates who serve over 11 million customers daily through a seamless digital shopping experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.
FAQ
What did Thunder Power (AIEV) announce about the Taiwan share exchange on June 26, 2025?
Shareholders approved a share exchange at 119 AIEV shares per 100 TW shares, totaling 37,635,039 new AIEV shares for 31,626,082 TW shares, subject to closing conditions.
How much annual revenue would the 16 solar plants add to Thunder Power (AIEV)?
If acquired, the 16 solar power plants are expected to generate approximately NT$24 million of annual operating revenue.
What were Thunder Power’s (AIEV) key Q2 2025 financials and cash position?
Q2 2025 showed no revenue, G&A of $0.5M for the quarter ($1.3M six months), six-month net loss $1.3M, and cash of $97,454.
Why did Thunder Power (AIEV) say there is substantial doubt about its going concern?
Management cited limited liquidity, ongoing operating losses, recent Nasdaq delisting (July 2025), and uncertain access to capital markets.
What solar and clean-energy strategic moves is Thunder Power (AIEV) pursuing in Taiwan?
The company completed due diligence on 16 solar plants, is evaluating acquisitions of EPC solar providers, and is reviewing seven additional projects (300 kW–1.5 MW).
Could the Taiwan share exchange and solar acquisitions affect Thunder Power’s (AIEV) investor dilution?
The approved share exchange contemplates issuing 37,635,039 new AIEV shares in exchange for TW shares, which would increase outstanding share count if completed.