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VivoPower International PLC - VVPR STOCK NEWS

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

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 VivoPower International PLC'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 VivoPower International PLC's position in the market.

Rhea-AI Summary
VivoPower International PLC announces Tembo e-LV B.V. has secured a final follow-on investment of US$2.5 million, reaching a total investment of US$10 million. The investment comes from a private investment office backed by a member of the ruling Al Maktoum family of Dubai. Tembo has met all milestones for the investment, retaining VivoPower's majority stake.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2%
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none
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Rhea-AI Summary
VivoPower International PLC announces a Stock Buyback Program of up to US$5 million, funded through business and asset divestitures, with flexibility in repurchases based on market conditions and regulatory requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.64%
Tags
buyback
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Rhea-AI Summary
Tembo E-LV, a subsidiary of VivoPower International PLC, will merge with CCTS, a NASDAQ-listed company, with Tembo as the surviving entity and name change to Tembo Group. VivoPower shareholders will receive 5 Tembo Group shares for each 1 VivoPower share. The merger is expected to be completed by August 2024, with CCTS having $25m cash on its balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
306.9%
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Rhea-AI Summary
Tembo E-LV BV, a subsidiary of VivoPower International PLC, has announced the delivery of its next generation Electric Utility Vehicle powertrain conversion kits to Access Industrial Mining Inc in Canada. Access has previously signed a Definitive Agreement for 1,675 EUV conversion kits over five years. The kits will transform diesel-powered 4×4 LandCruiser and Hilux vehicles into ruggedized EUVs for mining and industrial applications, aligning with VivoPower's sustainable energy solutions. Access was chosen as the distribution partner due to its extensive experience with Toyota LandCruisers and active relationships with mining and industrial companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
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none
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Rhea-AI Summary
Tembo E-LV BV, a subsidiary of VivoPower International PLC, has received 1,300 order commitments from leading jeepney co-operatives in the Philippines, worth an estimated US$30 million, as part of its joint venture with Francisco Motor Corporation to electrify 200,000 existing jeepneys, estimated to be worth US$10bn+.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25%
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none
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Rhea-AI Summary
VivoPower International PLC (VVPR) announced its half year unaudited preliminary results for the six months ended December 31, 2023. Revenue declined to $5.9 million, net after-tax loss decreased to $7.8 million, Tembo signed a joint venture agreement with Francisco Motor Corporation, VivoPower's Solar Development business unit secured board approval to spin off its portfolio, and Tembo was honored with the electrical vehicle innovation of the year award at the Tech Innovation Awards 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25%
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none
Rhea-AI Summary
VivoPower International PLC (Nasdaq: VVPR) announces that its subsidiary Tembo e-LV B.V. has secured a further follow-on strategic direct equity investment of US$5 million, at a pre-money valuation of US$120 million, from a UAE based private investment office backed by a member of the ruling Al Maktoum family of Dubai. This investment is part of an initial US$2.5 million investment made in June 2023, with an option to increase investment to up to US$10 million based on meeting certain milestones. VivoPower will continue to retain its majority stake in Tembo.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.73%
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none
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Rhea-AI Summary
VivoPower International PLC (NASDAQ: VVPR) announces that CEO Kevin Chin is increasing his individual shareholding in the Company by 125,000 shares, representing approximately 4% of the undiluted number of issued and outstanding shares. This is through a voluntary election to receive his CEO salary in the form of ordinary shares, approved by the Remuneration Committee.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.99%
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none
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Rhea-AI Summary
VivoPower International PLC (NASDAQ: VVPR) has initiated a strategic review following inbound M&A expressions of interest for Tembo and Aevitas Kenshaw. Non-binding letters of intent have been received, prompting the review. The company has engaged corporate adviser Chardan for this purpose. The review is driven by the goal of maximizing strategic value and fulfilling fiduciary duties to stakeholders. VivoPower remains committed to its B Corp triple bottom line of people, profit, and planet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.18%
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none
Rhea-AI Summary
VivoPower International PLC has approved an action plan to address alleged illegal market manipulation. The plan includes creating a task force to pursue actions with regulators and engaging an external forensic investigation firm. Certain individuals and/or companies are believed to have engaged in a market manipulation scheme to depress the stock price. VivoPower is committed to upholding high governance standards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.22%
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none
VivoPower International PLC

Nasdaq:VVPR

VVPR Rankings

VVPR Stock Data

13.15M
1.52M
38.78%
4.71%
0.6%
Hydroelectric Power Generation
Utilities
Link
United States
New York

About VVPR

vivopower is a global solar power producer and storage company that is developing, building and operating projects on a global basis in a capital efficient manner. vivopower does this by aggregating photovoltaic (pv) solar projects underpinned by long-term power purchase agreements and then arranges corporate and project financing, engineering design and equipment procurement and manages the construction and development of such solar pv projects. who we are: - global solar power developer and producer (nasdaq: vvpr) - experienced team with decades of solar power experience on a global basis our mission: “we drive the development, construction, financing and operation of solar power infrastructure to meet our global clients’ green energy needs and our financial partner’s long-term return objectives.” what we do: - develop, co-own and operate solar power projects globally - partner with long-term investors, suppliers and local developers - manage capital efficiently by recycling profits