What other tech stock to consider?

[Buckminster]

Bought a few BBBY shares for kicks.

I was thinking of selling Arcimoto following being left out of the bill. Looked at the market cap and gonna keep.

 

[Cosmacelf]

How does this evgo earnings report even work? Their earnings are higher than their revenue???

• Revenue of $9.1 million
• Network throughput of 10.1 gigawatt-hours
• Customer account additions of approximately 67,000 accounts
• Gross loss of $0.7 million
• Net income of $17.0 million
• Adjusted gross profit of $3.4 million
• Adjusted EBITDA of ($19.8) million
• Cash Flow from Operations of ($18.5) million
• Capital Expenditures of $44.0 million

From: https://s27.q4cdn.com/370825096/files/doc_financials/2022/q2/2022-07.27-2Q-Earnings-Release-vF.pdf

 

[mongo]

How does this evgo earnings report even work? Their earnings are higher than their revenue???

• Revenue of $9.1 million
• Network throughput of 10.1 gigawatt-hours
• Customer account additions of approximately 67,000 accounts
• Gross loss of $0.7 million
• Net income of $17.0 million
• Adjusted gross profit of $3.4 million
• Adjusted EBITDA of ($19.8) million
• Cash Flow from Operations of ($18.5) million
• Capital Expenditures of $44.0 million

From: https://s27.q4cdn.com/370825096/files/doc_financials/2022/q2/2022-07.27-2Q-Earnings-Release-vF.pdf

Looks like nearly $49 million in warrent fair value increase.

 

[wdolson]

How does this evgo earnings report even work? Their earnings are higher than their revenue???

• Revenue of $9.1 million
• Network throughput of 10.1 gigawatt-hours
• Customer account additions of approximately 67,000 accounts
• Gross loss of $0.7 million
• Net income of $17.0 million
• Adjusted gross profit of $3.4 million
• Adjusted EBITDA of ($19.8) million
• Cash Flow from Operations of ($18.5) million
• Capital Expenditures of $44.0 million

From: https://s27.q4cdn.com/370825096/files/doc_financials/2022/q2/2022-07.27-2Q-Earnings-Release-vF.pdf

As a side note my neighbor who works for a large commercial electrical company. He told me EVGO signed a big contract with somebody a couple of weeks ago.

I think Mondo is right about the discrepancy.

 

[JRP3]

Solid Power SLDP jumping up 10% after Q2 results

Solid Power, Inc. Announces Second Quarter 2022 Financial Results | Solid Power

- Financial results and business update call scheduled for 5:00 PM ET today LOUISVILLE, Colo., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Solid Power, Inc. (Nasdaq: SLDP), an industry-leading developer of all-solid-state battery cells for electric vehicles, today announced its financial results for the

ir.solidpowerbattery.com

 

[wdolson]

Array who makes the sun tracking bases for commercial solar installations jumped $5.29 (28.9%) Wednesday.

Array Technologies, Inc. (ARRY) Tops Q2 Earnings and Revenue Estimates

Most of my tech stocks have been taking a beating all year, but they have been turning around the last week or so.

 

[Buckminster]

turning around

Pun excused!

 

[samppa]

Any ideas about Yutong? I rode in one of their electric buses and it was quite nice. 422kwh battery.

Stock seems cheapish, market cap is 18b.

 

[JRP3]

I've been looking into Magnis Energy Technology, Magnis Energy Technologies Australian company involved in graphite and batteries, specifically they are partnered with C4V and own about 50% of IM3NY, a NY based battery factory where C4V is making cells and 33% of a similar project in Australia. C4V has some interesting battery tech if their claims are to be believed. I'm still digging into the chemistry which they call BMLMP, bio-mineralized lithium mixed metal phosphate. Supposedly safer, lower environmental cost to manufacture, no cobalt, no nickle in the current version though it appears that later versions will use it. Eventually they plan to have a solid state version. C4V has ties to Stanley Whittingham at Binghamton U who is on the Magnis board. I believe I saw some reference to someone who worked at the Nevada GF as well though I can't find it at the moment.

Charge CCCV [C4V] – Charging Ahead!!!

Charge CCCV [C4V] – Charging Ahead!!!

chargecccv.com

They've sold cells to MARTAC HOME - MARTAC

The Future of Energy | iM3NY | New York - iM3NY | US Lithium Ion Battery Manufacturing | Endicott, New York

iM3NY is an independent lithium-ion cell manufacturer that is commercializing cell chemistry developed in the USA. With a supply chain that is primarily North

www.im3ny.com

Imperium3 New York produces its first full-sized prismatic cells

Australia-based Magnis Energy Technologies Limited announced that Imperium3 New York (iM3NY) has produced its first full-sized prismatic cells ahead of schedule for limited testing and customer sampling in Q3 2021. The first cells were produced using manual settings to refine the product design...

www.greencarcongress.com

Long shot penny stock but Magnis isn't totally dependent upon C4V since they also have a graphite mine. I've taken a small position and will keep watching them.

Magnis with a large jump today on the announcement of production start at the NY factory

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02552481-2A1390402?access_token=83ff96335c2d45a094df02a206a39ff4

Magnis: Lithium-Ion Battery Plant Begins Commercial Production - ShareCafe

Magnis Energy Technologies Chairman Frank Poullas discusses the pathway to revenues and increasing capacity as the company’s battery giga-factory commences production.

www.sharecafe.com.au

 

[Buckminster]

Bought a few BBBY shares for kicks.

I was thinking of selling Arcimoto following being left out of the bill. Looked at the market cap and gonna keep.

As usual I got this purchase 100% correct. Up 20% today. Will keep riding whilst the stock inevitably slides. That way I get to say what a genius I am all over again.

 

[MP3Mike]

I have the need, ok desire, to do some tax loss harvesting on some TSLA shares, but I don't exactly want to be out of TSLA. Does anyone have some good ideas on alternatives I could put the money in for the 31 days?

I had thought about BPTRX, but mutual funds aren't marginable. ARKW/ARKQ are options, and have tracked close to TSLA, at least lately, but I don't really want to use them either.

It looks like XLY is the ETF with the most TSLA, ~20%, in it; but it has performed poorly in comparison. The CTEX ETF looks interesting, but doesn't hold a lot of TSLA.

Does anyone have some good suggestions?

 

[UltradoomY]

I have the need, ok desire, to do some tax loss harvesting on some TSLA shares, but I don't exactly want to be out of TSLA. Does anyone have some good ideas on alternatives I could put the money n for the 31 days?

I had thought about BPTRX, but mutual funds aren't marginable. ARKW/ARKQ are options, and have tracked close to TSLA, at least lately, but I don't really want to use them either.

It looks like XLY is the ETF with the most TSLA, ~20%, in it; but it has performed poorly in comparison. The CTEX ETF looks interesting, but doesn't hold a lot of TSLA.

Does anyone have some good suggestions?

Deep ITM options on TSLA - not advice

 

[MP3Mike]

Deep ITM options on TSLA - not advice

Just for what-ifs what kind of strike/expiration would you consider? Like trading 123 TSLA for 2) $400 calls expiring Oct/21 or Jun/23?

Of course they, at least deep ITM calls, suffer from the same problem as BPTRX, that they are non-marginable.

 

[UltradoomY]

Just for what-ifs what kind of strike/expiration would you consider? Like trading 123 TSLA for 2) $400 calls expiring Oct/21 or Jun/23?

Of course they, at least deep ITM calls, suffer from the same problem as BPTRX, that they are non-marginable.

I would do something divisible by 3 - April 23' - $600's sound nice
You would get 3 for $375 each if you are patient to trade 123 shares for them.

 

[MP3Mike]

I would do something divisible by 3 - April 23' - $600's sound nice
You would get 3 for $375 each if you are patient to trade 123 shares for them.

Assuming volatility is consistent, yeah, not likely..., am I looking at the estimates right that I would lose ~$6 of time value in a month on those options?

 

[UltradoomY]

Assuming volatility is consistent, yeah, not likely..., am I looking at the estimates right that I would lose ~$6 of time value in a month on those options?

Yes - assuming the share price stays the same -
You would have 9 April 2023 $200 options in a month

 

[Cosmacelf]

Deep ITM options on TSLA - not advice

Great idea. Should I recount my tale of woe when I tried to do the exact same thing of selling TSLA for 31 days and didn’t do something smart like buy TSLA calls? No, it is too painful. Just make sure you’re covered if TSLA pops.

 

[Buckminster]

Doubled down on BBBY with a few calls. Least I could do to help out the WSB kids - they are all in...

 

[jabloomf1230]

It's not a tech stock, but rather a Canadian mining stock. Possibly related to FIRA, Mitsubishi just bought a 15% interest in a Ni mine being developed in BC:

Giga Metals and Mitsubishi Corporation Agree to Establish Joint Venture to Develop Turnagain Nickel Project

Vancouver, British Columbia--(Newsfile Corp. - August 15, 2022) - Martin Vydra, President of Giga Metals Corporation (TSXV: GIGA) announced today that the Company has entered into a binding agreement with Mitsubishi Corporation (TSE: 8058) ("MC") to form a new joint venture company, Hard Creek...

finance.yahoo.com

 

[Buckminster]

BBBY up 44%. Plan is to get out at $5Bn market cap - 3x from here which probably won't happen.