Tag

Cash Position

All articles tagged with #cash position

energy-trading2 years ago•4 min saved

"Global Energy Traders Grapple with Multi-Billion Cash Quandary"

The world's top global energy trading houses, including Vitol, Trafigura, Mercuria, and Gunvor, are facing a cash quandary as they collectively sit on billions of dollars, even after paying out record dividends. With limited investment opportunities, the trading houses are borrowing less from banks and retaining earnings as equity, leading to a growing cash conundrum. This issue is likely to be a topic of discussion at the upcoming International Energy Week in London, as the trading houses grapple with how to manage their substantial cash reserves.

via Reuters|

#cash-position #energy-trading #equity

business2 years ago•1 min saved

"Nikola Stock Plummets: Unraveling the Crash and Future Predictions"

Nikola Corp (NASDAQ:NKLA) shares are trading lower after the company announced proposed offerings of $100 million of common stock and $200 million of green convertible senior notes due 2026. The company plans to use the net proceeds for working capital and general corporate purposes, as well as finance or make direct investments in eligible projects. This news follows Nikola's recent increase in unrestricted cash position and comes as the stock faces heavy selling pressure, down over 54% since the beginning of the year.

via Benzinga|

#business #cash-position #convertible-senior-notes

business2 years ago•16 min saved

Nikola Corp's Q2 2023 Report Revealed

Nikola Corporation reported its second-quarter 2023 results, highlighting progress in executing its business plan, increasing its cash position, and decreasing cash use. The company achieved sales momentum with 45 wholesale and 66 retail deliveries in Q2 and began serial production of its hydrogen fuel cell electric truck, with first customer deliveries expected in September. Nikola received 18 customer orders for over 200 hydrogen fuel cell electric trucks. The company also continued to develop its hydrogen refueling ecosystem with partners.

via PR Newswire|

#business #cash-position #hydrogen-fuel-cell-electric-truck

finance2 years ago•1 min saved

Debt ceiling uncertainty dampens market optimism.

CNBC's Jim Cramer advises investors to maintain a high-cash position, even if lawmakers can cut a debt ceiling deal, as the market suffered after the 2011 debt ceiling deal. This year's debt ceiling debacle is running parallel to that of 2011, making it premature to get bullish on the market.

via CNBC|

#cash-position #debt-ceiling #finance

business2 years ago•1 min saved

Fisker lowers production forecast and sees stock drop.

Fisker Inc has lowered its 2023 production target due to supply chain issues, easing demand, and a tight cash position. The company now expects to produce between 32,000 and 36,000 units in 2023, compared with its previous target of 42,400 cars. Many US electric-vehicle startups are struggling to ramp up output, with market leader Tesla also cutting prices to stoke demand. Fisker had about $652.5 million in cash and cash equivalents as of March 31, compared with $1.04 billion a year earlier.

via Yahoo Finance|

#business #cash-position #ev-startups