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FUV

Arcimoto

$1.63

0.035 (2.19%)

10:19
01/13/20
01/13
10:19
01/13/20
10:19

Arcimoto says to step up production to 3 vehicles per build day in this quarter

In its 2020 stakeholder letter, Arcimoto CEO Mark Frohnmayer said that on September 19th, 2019, "twelve years to the day after our quest began, Arcimoto initiated retail production and customer delivery. We started production at a rate of one per build day and stepped up to two at the beginning of December. By the close of '19, Arcimoto built 57 production Fun Utility Vehicles, exceeding in Q4 2019 our combined vehicle output for the preceding 12 years. We also passed Tucker." The CEO said the company plans to step up production to three vehicles per build day in this quarter and to four per day in Q2 "as we prepare for significantly higher scale production in late 2020 and beyond. This year we also plan to begin production of the Rapid Responder, Arcimoto's fleet product for first responders, law enforcement and security uses, and the Deliverator, for last mile parcel, grocery and meal delivery." Reference Link

FUV Arcimoto
$1.63

0.035 (2.19%)

02/15/19
ROTH
02/15/19
NO CHANGE
Target $10.5
ROTH
Buy
Arcimoto price target raised to $10.50 from $9.00 at Roth Capital
Roth Capital analyst Craig Irwin raised his price target on Arcimoto to $10.50 from $9.00 after raising the multiple he applied to his estimate of 2020 revenue, noting that the company is seeing increased interest and attention for its "unique and fun transportation solution," the FUV, ahead of its first commercial deliveries in the next few weeks. He expects a successful commercial launch this April, though he is leaving his forecasts unchanged at this time, Irwin noted. He maintains a Buy rating on Arcimoto shares, which jumped yesterday following a company spotlight feature that was produced by Bloomberg.
03/20/19
CHDN
03/20/19
NO CHANGE
Target $10
CHDN
Buy
Arcimoto orders exceeding estimates, says Chardan
Chardan said Arcimoto has $65M in orders, "far in excess" of the firm's current estimates and is taking inbound orders only while it builds out its fleet sales force.
09/06/19
HCWC
09/06/19
INITIATION
Target $7
HCWC
Buy
Arcimoto initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Amit Dayal started Arcimoto with a Buy rating and $7 price target. The company is uniquely positioned to leverage one design platform, with 90% common parts, to target multiple transportation applications including delivery, recreation, commuting, and emergency response, Dayal tells investors in a research note.
12/12/19
DOTC
12/12/19
INITIATION
Target $3.5
DOTC
Buy
Arcimoto initiated with a Buy at Dougherty
Dougherty analyst Michael Shlisky initiated coverage of Arcimoto with a Buy rating and $3.50 price target.

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CoreLogic

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TER

Teradyne

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HAIN

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Teradyne

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OSBC

Old Second Bancorp

$13.21

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CCNE

CNB Financial

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OII

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LYTS

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PYPL

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JAGX

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CUBI

Customers Bancorp

$22.51

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AFH

Atlas Financial

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