Twin Vee PowerCats Co. Announces New Louisiana Dealer, Adding Distribution to One of the Most Important Regions for Offshore Boats
Rhea-AI Summary
Twin Vee PowerCats (Nasdaq: VEEE) announced on January 8, 2026 the appointment of The Boat Yard in Marrero, Louisiana as an authorized dealer, expanding distribution into a core Gulf Coast offshore boating and fishing region.
The Boat Yard is described as a 10-acre, full-service dealership with established infrastructure and local relationships; Twin Vee says the partnership should increase inventory availability, local sales and service support, and better serve customers across the Gulf Coast. Dealer authorization remains subject to Louisiana state approval and regulatory filings; the company said it does not expect issues but cannot guarantee approval. Once approved, The Boat Yard will begin full sales and support for Twin Vee PowerCats.
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News Market Reaction
On the day this news was published, VEEE gained 1.03%, reflecting a mild positive market reaction. Argus tracked a trough of -17.3% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $45K to the company's valuation, bringing the market cap to $4M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
VEEE was down 1.02% with light volume pre-news. Peers VMAR, EZGO, MAMO, and KNDI also showed declines between about 1–5%, while MCFT gained 1.63%, indicating mixed performance rather than a unified sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 06 | Autonomous tech initiative | Positive | +13.2% | Formed strategic steering committee for autonomous marine technologies. |
| Dec 18 | Sales growth update | Positive | +15.1% | Reported three consecutive quarters of year-over-year sales growth. |
| Dec 16 | Market positioning | Positive | +0.0% | Outlined industry growth, higher Q3 net sales, acquisition, and more dealers. |
| Dec 05 | Board changes | Positive | +0.8% | Elected two new directors with capital markets and technology experience. |
| Dec 03 | Digital strategy update | Positive | -1.4% | Launched AI-based boat valuation tool and outlined digital strategy. |
Recent corporate and growth-oriented announcements have often coincided with positive or at least stable price reactions, though select innovation-focused updates have seen modest divergences.
Over the past months, Twin Vee has focused on growth, operational execution, and strategic repositioning. On Dec 16, 2025, it highlighted Q3 2025 net sales of $3.43M, an acquisition, and 14 new dealers, followed by a Dec 18 update on three consecutive quarters of year-over-year sales growth. Governance and digital initiatives included new board members on Dec 5 and an AI-driven valuation tool on Dec 3. On Jan 6, 2026, it formed an autonomous marine steering committee. Today’s dealer expansion fits this broader growth and channel-building narrative.
Market Pulse Summary
This announcement adds a new Louisiana dealer, extending Twin Vee’s reach into a key offshore catamaran market. It follows recent initiatives in sales growth, digital tools, and autonomous marine technology, suggesting a broader push to strengthen channels and product positioning. Regulatory approval for dealer authorization in Louisiana remains a gating factor. Investors may watch how quickly sales ramp through this partner and how it affects dealer concentration and future revenue trends disclosed in upcoming SEC filings.
Key Terms
catamaran technical
regulatory filings regulatory
dealer regulations regulatory
AI-generated analysis. Not financial advice.
FORT PIERCE, FL / ACCESS Newswire / January 8, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the addition of The Boat Yard as its newest authorized dealer in Louisiana, expanding Twin Vee's footprint into one of the most important offshore boating and fishing regions in the United States.
"Louisiana represents a premier market for offshore catamaran boats, driven by world-class fishing in and around the Gulf of America's extensive oil-rig network," said Joseph Visconti, President and CEO of Twin Vee PowerCats Co. "Catamarans are particularly well-suited to these waters, offering superior stability, efficiency, and range-attributes that have made them one of the most popular hull forms in the region."
The Boat Yard, a Marrero-based operation, is a 10-acre, full-service dealership and is one of the largest and most impactful boat dealerships in Louisiana with what the Company believes to be a strong reputation, established infrastructure, and deep relationships within the local offshore fishing community. According to the Company, this relationship positions Twin Vee to better serve customers throughout the Gulf Coast with increased inventory availability, local expertise, and dedicated sales and service support.
"This is a strategic expansion into a core offshore market," remarked Visconti. "Louisiana's offshore environment is a natural fit for our catamaran platform, and The Boat Yard is the right partner to represent the Twin Vee brand in this region."
Twin Vee noted that final dealer authorization in Louisiana is subject to a state-level approval process. To ensure a seamless launch, the Company is completing the regulatory filings and approvals in accordance with Louisiana dealer regulations. While the Company does not expect any regulatory issues in gaining such approval, there can be no assurance that it will obtain the approval.
Once such approval is finalized, The Boat Yard will begin representing Twin Vee PowerCats with full sales and customer support capabilities.
About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boats brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boats is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.
The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.
Learn more at twinvee.com and bahamaboatworks.com.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the addition of The Boat Yard as the Company's newest authorized dealer in Louisiana, including the nature, timing, and receipt of regulatory approvals, maintaining and growing Twin Vee's customer base and dealer network, and increased inventory availability, local expertise, and dedicated sales and service support for the Company's customers throughout the Gulf Coast.
These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to realize the benefits of its relationship with The Boat Yard, continued demand for offshore catamaran boats throughout the Gulf Coast, the Company's ability to continue to expand its customer base and dealer network, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.
Contact:
Glenn Sonoda
investor@twinvee.com
SOURCE: Twin Vee PowerCats Co.
View the original press release on ACCESS Newswire
FAQ
What did Twin Vee (VEEE) announce on January 8, 2026 about Louisiana distribution?
When will The Boat Yard begin representing Twin Vee PowerCats (VEEE) in Louisiana?
Why is Louisiana important for Twin Vee PowerCats (VEEE)?
What are the capabilities of The Boat Yard as Twin Vee's (VEEE) new dealer?
Does Twin Vee (VEEE) expect any regulatory hurdles for the Louisiana dealer authorization?
