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Twin Vee PowerCats Co. - $VEEE STOCK NEWS

Welcome to our dedicated page for Twin Vee PowerCats Co. news (Ticker: $VEEE), a resource for investors and traders seeking the latest updates and insights on Twin Vee PowerCats Co. stock.

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 Twin Vee PowerCats Co.'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 Twin Vee PowerCats Co.'s position in the market.

Rhea-AI Summary

Twin Vee PowerCats Co. (Nasdaq:VEEE) will host a conference call on May 15, 2024, to discuss Q1 2024 operational and financial highlights. The event will provide insights into the company's performance, with financial results to be released in a press release before the call.

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Twin Vee PowerCats Co. partners with Raymarine to integrate optional electronics packages for its 2025 GFX-2 flagship model series. Raymarine's high-performance marine navigation technology will enhance Twin Vee's boats with top-of-the-line products. The partnership aims to elevate navigation capabilities, enhance fishing expeditions, improve situational awareness, and provide automation technology to customers.
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Rhea-AI Sentiment
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0.53%
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partnership
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Twin Vee PowerCats Co. reveals specifications for the new Second Generation GFX Model Line, showcasing advanced standards in power sport boats.
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12.61%
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Rhea-AI Summary
Twin Vee PowerCats Co. (NASDAQ:VEEE) hires Tom Morford as Director of National Sales to drive growth and expand market presence. Morford's industry experience will support dealer network expansion and enhance sales strategies. CEO Joseph Visconti highlights Morford's role in recruiting new dealers and providing sales support. Morford's background in recreational marine sales positions him well to contribute to Twin Vee's success.
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End-of-Day
-3.09%
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management
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Twin Vee PowerCats Co. (NASDAQ:VEEE) appoints Michael P. Dickerson as Chief Financial & Administrative Officer, bringing 35 years of corporate experience to the team. CEO Joseph Visconti expresses confidence in Dickerson's ability to drive financial growth and enhance operational efficiency.
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-0.17%
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Rhea-AI Summary
Twin Vee PowerCats Co. (NASDAQ:VEEE) unveils the second generation of its GFX model line, featuring design and technological advancements to elevate the brand. The GFX-2 boats offer enhanced features like all-digital switching, updated electronics, improved upholstery, and new options for navigation and water sports.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.85%
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Rhea-AI Summary
Twin Vee PowerCats Co. (NASDAQ:VEEE) reported a 4% increase in revenue for fiscal year 2023, reaching $33.4 million, with a net loss of $2.3 million. The company announced a partnership for autonomous recreational sport boats and the construction of a new manufacturing facility. However, the electric boat subsidiary, Forza X1, had a net loss of $5.9 million, contributing to an overall consolidated net loss for Twin Vee.
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End-of-Day
-2.69%
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Rhea-AI Summary
Twin Vee PowerCats Co. (NASDAQ:VEEE) to host conference call and webcast on March 26, 2024, to discuss business updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.03%
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Rhea-AI Summary
Twin Vee PowerCats (Nasdaq:VEEE) to host conference call to discuss business updates and financial results on March 26, 2024.
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Rhea-AI Sentiment
End-of-Day
6.03%
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Rhea-AI Summary
Forza X1, Inc. appoints Joseph Visconti as Interim CEO and Daniel Norton as President. Visconti brings extensive experience in product development and financial operations. The Company aims to leverage his expertise to drive its vision forward.
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-4.84%
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Twin Vee PowerCats Co.

Nasdaq:VEEE

VEEE Rankings

VEEE Stock Data

6.66M
5.39M
24.8%
25.39%
0.11%
Sporting and Athletic Goods Manufacturing
Manufacturing
Link
United States of America
FT. PIERCE

About VEEE

twin vee powercats, inc. manufactures and sells recreational boats. the company was formerly known as valuerich, inc. and changed its name to twin vee powercats, inc. in april 2016. twin vee powercats, inc. was founded in 1994 and is based in fort pierce, florida.