Twin Vee PowerCats Co. Approved to Operate in Louisiana
Rhea-AI Summary
Twin Vee PowerCats Co. (Nasdaq: VEEE) announced state approval to operate in Louisiana, clearing the way for sales through a new authorized dealer, The Boat Yard in Marrero.
The Boat Yard's initial order has been released and will enter production immediately, marking Twin Vee's official expansion into a major offshore boating market.
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News Market Reaction – VEEE
On the day this news was published, VEEE gained 3.62%, reflecting a moderate positive market reaction. Argus tracked a trough of -21.7% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $77K to the company's valuation, bringing the market cap to $2M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
VEEE showed a -4.43% move while peers in momentum like TRNR (+48.52%) and EZGO (+3.88%) were up, pointing to stock-specific dynamics rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 18 | Brand relaunch event | Positive | -4.4% | Announcement of Bahama Boat Works media day and growth plans. |
| Feb 10 | Defense platform entry | Positive | -9.6% | Black Line Defense registration on DoD LYNX to pursue contracts. |
| Feb 02 | New defense subsidiary | Positive | -3.9% | Launch of Black Line Defense for government maritime solutions. |
| Jan 21 | Strategic partnership | Positive | +4.7% | Mercury Marine partnership to grow Bahama Boat Works brand. |
| Jan 16 | Investor update event | Positive | +0.7% | Planned strategic corporate update for investors and analysts. |
Recent positive strategic and growth news has often been met with flat to negative price reactions, indicating a pattern of divergence between news tone and short-term moves.
Over the past two months, Twin Vee has announced multiple growth and strategic initiatives, including launching Black Line Defense on Feb 2, registering that unit on DoD’s LYNX platform on Feb 10, and planning a Bahama Boat Works relaunch media day on Mar 26, 2026. A Mercury Marine partnership for Bahama Boat Works on Jan 21 was one of the few items with a positive price reaction. Today’s Louisiana market entry continues this expansion theme amid mixed market responses.
Market Pulse Summary
This announcement adds Louisiana, a major offshore boating hub, to Twin Vee’s dealer footprint via The Boat Yard’s 10-acre facility. It follows recent initiatives such as defense-focused subsidiary launches, platform registrations, and a premium brand partnership, suggesting a multi-pronged growth strategy. Investors may watch how quickly production for initial orders converts into recognized sales, how dealer performance trends, and how these expansions interact with the capital-raising plans described in recent SEC filings and ongoing net losses.
AI-generated analysis. Not financial advice.
FORT PIERCE, FL / ACCESS Newswire / February 19, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced it has received approval from the state of Louisiana to conduct business, clearing the way for the launch of sales to a new authorized dealership, The Boat Yard.
"Louisiana's approval process is rigorous. Gaining access to this market is a significant milestone for Twin Vee, opening the door to one of the richest offshore boating regions in the United States," explains Joseph Visconti, CEO and President of Twin Vee PowerCats Co. "The Gulf's deep-water fisheries-supported by extensive offshore oil infrastructure-are known for large tuna and other pelagic species, making the region a stronghold for serious offshore anglers and large, high-performance boats."
Originally announced last month as a new Twin Vee dealer pending state approval, The Boat Yard operates from a 10-acre, full-service dealership in Marrero, LA 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.
With state approval secured, The Boat Yard's initial order-previously pending authorization-has now been released and will enter production immediately. This marks the official start of Twin Vee's expansion into Louisiana and reinforces the Company's strategy of partnering with top-tier dealers in high-demand offshore markets.
"We've been patient and deliberate because Louisiana matters," remarked Mr. Visconti. "This is a tightly regulated state with a sophisticated offshore customer base. We believe that approval here validates our approach, and that launching with The Boat Yard positions us exactly where our boats belong."
Twin Vee expects the Louisiana market to be a meaningful contributor to future growth.
About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works 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 Boat Works 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, maintaining and growing Twin Vee's customer base and dealer network, and the availability of increased local expertise and dedicated sales and service support for the Company's growing customer base in Louisiana and throughout the Gulf.
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, the Company's ability to meet such demand and 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 about expanding into Louisiana on February 19, 2026?
How will The Boat Yard dealership affect Twin Vee (VEEE) sales in Louisiana?
When will Twin Vee (VEEE) begin production on orders for Louisiana?
Why does Twin Vee (VEEE) consider Louisiana an important market?
Where is The Boat Yard dealer located for Twin Vee (VEEE) in Louisiana?
Does Twin Vee (VEEE) expect Louisiana to impact future growth?
