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Showing posts with the label electric vehicles

Stocks making the biggest moves midday: Hertz, Ford, Keurig Dr Pepper and more

In this article HTZ KDP LCID VLO NCLH RCL Follow your favorite stocks CREATE FREE ACCOUNT Andrew Kelly | Reuters Check out the companies making the biggest moves midday: Hertz — Shares of the rental car company jumped 1.9% after the company announced a partnership with BP's electric vehicle charging unit that will put thousands of charging stations at Hertz locations. Many of the stations will be used to charge Hertz's growing fleet of electric vehicles , but some will be available for public use. Keurig Dr Pepper — The beverage company shed about 3% after being downgraded by Goldman Sachs to a neutral rating from a buy. The firm sees increased risk to Keurig's margins as commodity inflation remains elevated. Lucid — The electric vehicle stock climbed 1.4% on Tuesday after Cantor Fitzgerald initiated coverage of Lucid with an overweight rating. The investment firm said in a note to clients that Lucid's cars have a competitive advantage to peers in longer battery ra...

Nio says Nvidia chip restrictions won't hurt them

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Chinese electric car company Nio said it doesn't expect U.S. restrictions on Nvidia to affect the start-up's business operations. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car maker Nio joined others in the industry in saying that U.S. restrictions on Nvidia chip sales to China won't affect the automaker's business. Nvidia disclosed last week that the U.S. will require the chipmaker to get a license for future export to China for certain products, in an effort to reduce the risk of them being used by the Chinese military. related investing news Pro Picks: Watch all of Wednesday's big stock calls on CNBC Christina Falso 7 hours ago "We believe this will not have an impact on our business operations," William Li, founder, chairman and CEO of Nio, said via the company&#x27 ;s translator during an earnings call Wednesday. That's according to a StreetAccount transcript. "Based on our estimations, our computing power is suf...