XL Fleet Corporation Stock Price, News & Analysis

XL Fleet Corp. (NYSE: XL) has responded to a March 3, 2021, report by a short-seller that inaccurately targeted the company. XL Fleet claims the report includes numerous factual inaccuracies and misleading statements designed to negatively impact its stock price. The company plans to address these claims in due course. As a leader in vehicle electrification solutions, XL Fleet serves significant clients and promotes sustainability, boasting over 145 million miles driven by customers. The company’s hybrid systems can enhance fuel economy by up to 50% and reduce CO2 emissions significantly.

XL Fleet has formed a partnership with UBS Arena and the New York Islanders to potentially install 1,000 electric vehicle charging stations at the new UBS Arena. This strategic location could become one of the largest EV charging sites in the U.S., close to LaGuardia and JFK Airports. The collaboration aims to meet the growing demand for EV infrastructure in the New York metropolitan area, utilizing XL Fleet's electrification solutions, including solar power and energy storage systems.

XL Fleet Corp. (NYSE: XL) announced participation in several upcoming virtual investor conferences, including BTIG Energy Transition EV Day and Cowen Mobility Disruption Conference, from February 23 to March 19, 2021. The company has engaged in more than 13 investor events since December 2020, connecting with numerous institutional investors. XL Fleet specializes in vehicle electrification solutions, enhancing fuel economy and reducing carbon emissions for commercial fleets. The firm’s drive systems have seen over 145 million miles driven by clients like The Coca-Cola Company and Verizon.

XL Fleet Corp. (NYSE: XL) has partnered with Curbtender to develop battery electric (BEV) and plug-in hybrid electric (PHEV) trucks for waste management. This strategic alliance aims to meet the growing demand for sustainable refuse collection solutions, addressing a $7 billion market segment. The companies will launch a battery electric refuse vehicle featuring the XL Electric™ propulsion system within a year, alongside hybrid versions. This partnership aligns with XL Fleet's goals and reflects the increasing market interest in electrification to meet sustainability targets.

XL Fleet Corp. (NYSE: XL) announced its fourth quarter and full-year 2020 financial results will be released on March 30, 2021, before market open. This will be followed by a conference call at 8:30 a.m. Eastern Time, where management will discuss the results. Interested parties can access the call by phone or through a live webcast on XL Fleet's Investor Relations page. XL Fleet is a leading provider of vehicle electrification solutions, with customers like Coca-Cola and Verizon, boasting over 145 million miles driven, aiming to enhance fuel economy and reduce emissions.

XL Fleet Corp. announced the redemption of all outstanding publicly held warrants, urging holders to exercise them by March 1, 2021. The warrants, totaling approximately 7.67 million, can be exercised at $11.50 each, potentially generating $88 million in cash for the company. Post-redemption, XL Fleet could possess over $420 million in cash to support growth initiatives, including product development and international expansion. The Company achieved the necessary stock price requirement prior to announcing the redemption, allowing the move to strengthen its financial position.

XL Fleet Corp. (NYSE: XL) announces key executive appointments to support its expansion goals. Colleen Calhoun joins as VP and GM of XL Grid, focusing on charging infrastructure and energy solutions for fleets. She has over two decades of experience at GE, where she held pivotal roles in energy ventures and marketing strategy. Additionally, Jim Berklas is appointed as General Counsel & VP of Corporate Development, bringing extensive legal and M&A expertise. These leadership additions aim to enhance XL Fleet's capacity to scale operations effectively in 2021.

XL Fleet Corp. (NYSE: XL) has filed a registration statement on Form S-1 with the SEC to satisfy remaining registration obligations from its merger with Pivotal Investment Corporation II, completed on December 21, 2020. This registration does not involve new share issuances, apart from shares from previously issued warrants. Most shares registered remain under contractual lock-up agreements, preventing their sale during specified periods. The registration statement is not yet effective, and securities cannot be sold until it does. Additional information is available through XL Fleet's investor presentation.

XL Fleet Corp. (NYSE: XL) has announced participation in upcoming virtual investor conferences, featuring key executives including President Tod Hynes and CEO Dimitri Kazarinoff. The conferences include:

• FORCE Family Office & Roth Capital Partners EV Symposium on January 8, 2021
• 23rd Annual Needham Growth Conference on January 13, 2021
• Northland Securities SPAC Investor Conference on January 19, 2021

XL Fleet is recognized for its vehicle electrification solutions, achieving over 140 million miles driven, enhancing fuel economy by 25-50%, and reducing CO2 emissions by 20-33%.