Latest news with #Maurer
Business Insider
6 days ago
- Automotive
- Business Insider
‘Don't Jump the Gun,' Says Investor About Nio Stock
Nio (NYSE:NIO) has long been viewed as one of China's most promising EV startups, but the company continues to struggle for footing in a market dominated by heavyweights like Tesla and BYD. Despite early promise, Nio remains unprofitable, and its sales performance – along with a pattern of missed revenue estimates in seven of the past ten quarters – underscores the challenges it faces. Confident Investing Starts Here: That trend continued with the company's Q1 2025 earnings report on Tuesday, which fell short on both the top and bottom lines. Revenue came in at $1.67 billion, missing expectations by $56.14 million, while EPS of -$0.42 was $0.05 below forecasts. Operating losses also widened, rising 19% year-over-year. It wasn't all doom and gloom, however, as NIO's delivery of 42,094 EVs in Q1 2025 marked a 40.1% y/y increase. In addition, Q2 deliveries are projected to rise by 25.5% to 30.7% y/y, partly driven by the company's newly launched economy ONVO brand. Could this be a sign that things are turning around for the beleaguered EV firm? While the widely-followed investor Bill Maurer sees potential, he is not quite ready to jump the gun just yet. 'The company seemingly has a solid growth story ahead of it, but it really needs to execute better,' the investor opined. Maurer also pointed out that while the Q2 delivery outlook shows growth, it's not exactly a home run given the addition of new sub-brands. On top of that, Nio's revenue guidance for the current quarter came in below expectations, raising eyebrows at a time when analysts had already been lowering their forecasts. 'The Onvo ramp is doing much worse than expected, and margins are not improving fast enough to really limit large losses,' adds Maurer. The investor's optimism is further dimmed due to the company's weakening balance sheet, as cash and investments fell from $5.7 billion to $3.6 billion during the past quarter. Maurer would therefore not be surprised to see more value-diluting capital raises coming up on the horizon. 'The balance sheet weakness along with the continued miss of previous growth targets has me a little skeptical currently,' concludes Maurer, who gives NIO shares a Hold (i.e. Neutral) rating. (To watch Maurer's track record, click here) That seems to be the general opinion on Wall Street as well. With 2 Buy, 7 Hold, and 1 Sell recommendations, NIO carries a consensus Hold rating. That said, its 12-month average price target of $4.74 implies an upside of 26% from current levels. (See NIO stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
25-05-2025
- Yahoo
VIDEO: Woman shot, killed by deputy after she shot her daughter: HCSO
The Brief FDLE is investigating a deadly deputy-involved shooting in Tampa. Detectives say a woman shot her daughter in the hand during a burglary. A deputy shot and killed the suspect after she raised her gun toward them, according to detectives. TAMPA - The Florida Department of Law Enforcement is investigating a deadly deputy-involved shooting in Tampa. The backstory The shooting happened Sunday morning in the 7500 block of Carolton Circle. Hillsborough County deputies responded to a home for reports of a burglary in progress. OTHER NEWS: 43 arrests made after HCSO crime operation to remove drugs and guns from streets When they arrived, they found a woman had been shot in the hand by her mother, according to detectives. A roommate and a child were also in the home and were safely taken from the home. Hillsborough County Chief Deputy Joseph Maurer said that this situation appeared to stem from ongoing domestic violence in this family's home that was never reported. What we know The suspect in the shooting barricaded herself in a back room of the home. Deputies managed to open the door to the room and found the suspect with a gun. Deputies said they told her to drop the weapon several times, but she did not. Detectives say the woman raised her gun and that's when a deputy shot and killed her. What they're saying "Multiple commands open the door, make yourself known. Our deputies breached the door. When they breached the door, they found the suspect, the grandmother, armed with a firearm. Multiple commands again: drop the firearm, drop the firearm. The firearm is in her right hand. She raises the firearm and our deputy fires and neutralizes the threat," Maurer said. Investigators said the suspect lived in the home up until Friday, when she was asked to leave. "To happen within the same family, I mean it's kind of sad," a neighbor said. Maurer stressed that you can call the sheriff's office if you are in need of help, and they can lead you to the right resources. What we don't know The names of those involved have not been released. This story is developing. Check back for updates. STAY CONNECTED WITH FOX 13 TAMPA: Download the FOX Local app for your smart TV Download FOX Local mobile app: Apple | Android Download the FOX 13 News app for breaking news alerts, latest headlines Download the SkyTower Radar app Sign up for FOX 13's daily newsletter Follow FOX 13 on YouTube
Business Insider
11-05-2025
- Automotive
- Business Insider
‘Mixed Results,' Says Investor About Rivian Stock
Rivian Automotive (NASDAQ:RIVN) gave bulls plenty to be happy about with its Q1 2025 earnings last week. Not only did the company's revenues of $1.24 billion beat expectations by $220.17 million, but Rivian also achieved its second consecutive quarter of gross profit. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. CEO RJ Scaringe added more reasons for optimism, sharing that the company has been making 'significant progress on R2.' Indeed, many believe the R2 – Rivian's compact SUV, slated for launch in the first half of next year – will provide a further jolt for the company when it comes online. And yet, all is not sunshine and rainbows for the American EV company. The impact of the ongoing tariff spat, the future of the $7,500 EV tax credit for consumers, and the status of a $6.6 billion U.S. Department of Energy loan that the company negotiated with the Biden administration for a Georgia manufacturing plant are all unknown, creating a fair amount of ambiguity. Acknowledging the uncertainty of the global economic situation, Rivian lowered its expected deliveries for 2025 to 40,000 to 46,000, down from the 46,000 to 51,000 EVs it has previously guided for. Investor Bill Maurer is not thrilled about Rivian's prospects, noting that the demand for its wares is presenting a worrisome picture. 'Rivian is hoping to sell hundreds of thousands of units of the R2 annually, with help from a new factory in Georgia, but it's struggling to meet demand for its current products,' explains the investor. Maurer spotlights decreasing guidance for EV deliveries this year, while also noting that the company's Q1 deliveries of 8,640 were some 5,000 less than the previous year. In fact, much of the improved gross margins were due to $159 million in regulatory credits that the company received in Q1, points out the investor, and 'Rivian is still losing quite a bit of money and burning through cash.' The investor is also concerned about the potential R2 boost, as the new model's expected price tag of $45,000 may not have the $7,500 tax credit to offset the cost. The Trump administration could also throw another wrench in the R2 plans by withholding funding for the Georgia manufacturing plant, warns Maurer. Putting it all together, for Maurer, the large revenue beat is not sufficient to overcome lingering fears over falling demand, an unfriendly administration, and ongoing cash burn. 'I can't even think about upgrading the name until we see some sort of improvement in the demand picture here,' concludes Maurer, who rates RIVN a Sell. (To watch Maurer's track record, click here) Wall Street is not quite as downcast as Maurer, though it is not exactly ecstatic either. With 7 Buy, 14 Hold, and 4 Sell ratings, RIVN has a consensus Hold (i.e. Neutral) rating. Its 12-month average price target of $13.80 implies minimal movement over the coming year. (See RIVN stock forecast) To find good ideas for AI stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Axios
15-04-2025
- Politics
- Axios
Maurer running for another city council term in new ward
Rebecca Maurer is running for another Cleveland City Council term representing the new Ward 5, she announced Tuesday. Why it matters: Maurer openly clashed with Council President Blaine Griffin during last year's redistricting process, leaving uncertainty about her potential pursuit of a second term. State of play: She currently represents Ward 12 but was split into six wards under the new map. Ward 5 includes downtown and the nearby neighborhoods of Central, Slavic Village and Kinsman. Other candidates include incumbent Richard Starr and challengers Johnnie Brown, Myras Holmes and Beverly Owens-Jackson. What they're saying: In a news release, Maurer says she wants improvements in the 311 service, more affordable housing downtown and passage of a law "to provide a non-police response to people in acute mental health crisis." "My work is focused on making the lives of everyday Clevelanders better — from basic city services that actually work to good government reforms," Maurer said in the statement. "Simply put, that work isn't done yet."
Yahoo
13-04-2025
- Automotive
- Yahoo
City of Terre Haute launches new initiative to focus on safe streets
TERRE HAUTE, Ind. (WTWO/WAWV) — The city of Terre Haute held their first community outreach event Saturday for their latest initiative. It's called 'Safe Streets Terre Haute'. A safety action plan that will be focused on reducing and eliminating serious injuries and fatal crashes on city streets. The projects will be funded by a $200,000 grant from the Indiana Department of Transportation. This morning, the city held their first community outreach event at the Vigo County Public Library. City Engineer Marcus Maurer said input from the community is crucial for location areas that need improvement. 'We're looking for any issues where people have incidents, accidents, or close calls', Maurer said. 'Accident reports will show us where things have happened, but what we don't know is where people have concerns that don't show up on accident reports. This is a great opportunity for the public to get out and make some of those issues known and give us an opportunity to put them together into one big study. Now, we can look at them while we have some funds in place to do it.' The city said they will continue to have community outreach events to help the 'Safe Streets Terre Haute' initiative. Right now, they have an interactive map for residents to highlights areas they believe need improving. You can visit that map or take a survey here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
