Ideanomics IDEX Archives - Page 5 of 8

WednesdayJun 23, 2021 4:05 pm

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Featured in Article as Deserving of Investor Attention

Ideanomics (NASDAQ: IDEX), a company driving the sustainability transformation with solutions that shape the future of e-mobility and fintech, was highlighted in a Motley Fool article titled, “These 2 Unknown Nasdaq Stocks Are Making Shareholders Richer Today.” The piece covers today’s rise of the Nasdaq Composite Index up another quarter percent, and why IDEX and Loop Industries Inc. (NASDAQ: LOOP) deserve attention from investors. “Meanwhile, shares of Ideanomics were up more than 12% Wednesday afternoon. The electric vehicle mobility and fintech company has largely flown under investors' radars, but today's move reflects greater interest in the industry generally and in…

TuesdayJun 22, 2021 11:53 am

Ideanomics Inc. (NASDAQ: IDEX) Completes the Acquisition of US Hybrid Marking Entry into Burgeoning EV Powertrain Market

Ideanomics completed the acquisition of US Hybrid, a manufacturer and distributor of electric powertrain parts and fuel cell engines for medium and heavy-duty vehicles IDEX paid an aggregate purchase price of $50 million in cash and stock considerations The acquisition marked IDEX’s entry into the burgeoning EV powertrain market, which is expected to grow at a CAGR of 16% from 2020 to 2027 The growth is due to several favorable factors that also bode well for the operations of IDEX and US Hybrid Ideanomics also announced that US Hybrid had received orders from Global Environment Products (“GEP”) for a fleet…

FridayJun 18, 2021 1:21 pm

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Featured in Yahoo! Finance Article

Ideanomics (NASDAQ: IDEX), a company driving the sustainability transformation with solutions that shape the future of e-mobility and fintech, was featured in a Yahoo! Finance article. The piece, by Al Root, senior writer at Barron’s, is titled “Ford Is Buying an EV Charging Firm. The Electric Grid Is the Next Big Thing.” It covers Ford Motor Company’s (NYSE: F) announcement of its seemingly innocuous acquisition that may eventually have a large impact on the industry. “In coming years, auto makers and providers of electric-vehicle infrastructure—from charging companies to utilities—will start talking about ‘grid-edge’ technology,” the article reads. “The impact on…

MondayJun 14, 2021 10:37 am

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Completes Acquisition of Solectrac, Pioneer EV Tractor Maker

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles (“EVs”) and associated energy consumption, announced that it has completed the acquisition of California-based Solectrac, a manufacturer and distributor of premium zero-emission electric tractors that use clean renewable sources of energy. The acquisition aligns with IDEX’s focus on reducing commercial fleet greenhouse gas emissions. Solectrac offers three e-tractors and utility vehicle models that can be used for a wide array of agricultural and utility operations. According to the announcement, through the most recent acquisition, Ideanomics acquired 78.6% of the fully diluted cap table of Solectrac; IDEX…

FridayJun 11, 2021 10:44 am

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Announces Completion of Acquisition, Receipt of Multi-City Order

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, has finalized the acquisition of US Hybrid. IDEX called the acquisition a critical milestone in its mission to decrease commercial fleet greenhouse gas emissions through advanced EV technologies and forward-thinking partnerships. US Hybrid is a manufacturer and distributor of electric powertrain components and fuel cell engines for medium and heavy-duty commercial fleet applications. In addition, Ideanomics announced that US Hybrid had received a significant order for all-electric street sweepers; the order came from Global Environment Products (“GEP”), which anticipates deploying the sweepers…

ThursdayJun 10, 2021 1:30 pm

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) to Join Russell 3000 Index

Ideanomics (NASDAQ: IDEX) today announced that it will be joining the broad-market Russell 3000(R) Index at the conclusion of the 2021 Russell indexes annual reconstitution, which is expected to take effect after the US market opens on June 28. “Joining the Russell indexes enables Ideanomics to extend its reach into the institutional shareholder community where we believe our story is going to resonate extremely well. Our ability to derive revenues from the EV industry in the short, medium and long-term, sets us apart from many others in the sector, while our fintech group provides consistent results and spotlights our value to…

TuesdayJun 08, 2021 11:58 am

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) to Present at LD Micro Invitational XI

Ideanomics (NASDAQ: IDEX), a company driving the sustainability transformation with solutions that shape the future of e-mobility and fintech, today announced that its CFO Conor McCarthy will present at the upcoming virtual LD Micro Invitational XI conference at 6:00 p.m. ET on Thursday, June 10. “The Ideanomics Mobility ecosystem of EV-centric subsidiaries represents the future of the commercial EV sector,” said McCarthy in the press release. “We look forward to sharing recent learnings with peers and colleagues from around the world at LD Micro Invitational in the interest of driving the bright future of electric vehicle technology forward.” To view…

TuesdayJun 08, 2021 9:15 am

2021 Expectations Rise for Ideanomics Inc. (NASDAQ: IDEX) as Electric Vehicle and FinTech Products Show Gains

ROTH Capital’s analyst recently delivered an outlook for revenues of $129 million in 2021, an increase of 119 percent for Ideanomics The company reported revenues of $32.7 million with a gross profit margin of 33.1 percent for the first quarter, boosted largely by its recently acquired fintech subsidiary Timios Holdings A covering analyst’s recent forecast for significant improvement in Ideanomics’ (NASDAQ: IDEX) sustainable energy business outlook, as well as other positive market indicators, appear to portend optimism for the company’s approach to concerns about energy consumption and global living standards. The forecast is for revenues of $129 million this year,…

ThursdayJun 03, 2021 10:24 am

QualityStocksNewsBreaks – Ideanomics (NASDAQ: IDEX) Subsidiary Completes Newest Deployment of Inductive Chargers

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, has announced that its subsidiary WAVE has completed another transit authority deployment. WAVE is a leading developer of high-power inductive charging solutions for medium and heavy-duty vehicles. The deployment involves a high-power, cable-free, in-route charging system for the Twin Transit Authority (“TTA”), located in Chehalis, Washington. Designed to help the Washington-based transit authority extend the driving range of its electric buses, the deployment is a significant step in accelerating TTA’s progress toward achieving its goal to make its fleet fully electric by…

TuesdayMay 25, 2021 11:20 am

Ideanomics Inc. (NASDAQ: IDEX) Releases Q1 2021 Results Reflecting Impressive Quarter-over-Quarter Transformation; Inks Definitive Agreement to Purchase 100% of US Hybrid

Ideanomics recently reported $32.7 million in revenue and $10.8 million in gross profit for the three months ending March 31, 2021 These Q1 2021 results represented a sharp increase compared to Q1 2020 results Ideanomics announced it has reached a definitive agreement to purchase 100% of US Hybrid The acquisition is set to bring synergistic benefits to both US Hybrid and Ideanomics Mobility companies Established in 1999, US Hybrid designs, manufactures, and markets electric powertrain components On Monday, May 17, Ideanomics (NASDAQ: IDEX) released its Q1 2021 financials for the three months ending March 31, 2021. In what CEO Alf…

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