Net Element Inc. NETE Archives - Page 6 of 20

FridaySep 18, 2020 11:54 am

Zacks Initiates Research on Net Element (NETE); Predicts $30 Per Share Target Price

Net Element’s reverse merger with EV manufacturer Mullen Technologies expected to close by 4Q2020 NETE expects to begin marketing Dragonfly K50, sold in conjunction with JV partner Qiantu Motors from 2Q2021 Company will also break ground in early 2021 on 1.5 million square foot facility to manufacture, assemble its own vehicles Zacks forecasts that NETE could snag $30/share valuation by merger’s close Net Element Inc. (NASDAQ: NETE), a financial technology company which has recently transformed its business model to become a pure-play electric vehicle (“EV”) manufacturer, was recently the subject of a company initiation report published by Zacks Small-Cap Research (https://ibn.fm/XGMRy).…

ThursdaySep 17, 2020 2:17 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Moves Into EV Market With Mullen Merger

Net Element (NASDAQ: NETE) is preparing to make an entrance into the electric vehicle (“EV”) market. The company, formerly focused on global financial technology and value-added solutions, has entered into a definitive merger agreement with Mullen Technologies Inc., a Southern California-based EV company. Mullen boasts seven retail locations in California and one in Arizona; the company also has expansion plans in place that include opening a manufacturing plant in Washington and launching a luxury sports car – the Dragonfly K50 – in early 2021. Timing of the move appears ideal, as EV sales in the United states have increased by…

ThursdaySep 17, 2020 2:17 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Moves Into EV Market With Mullen Merger

MondaySep 14, 2020 12:02 pm

With Contender for Tesla Inc. (NASDAQ: TSLA) on Horizon, Net Element Inc.’s (NASDAQ: NETE) Proposed Merger with Mullen EV Bodes Well for Company

Mullen Technologies’ EV SUV “serious competition” for Tesla’s Model Y MX-05 will have more mass-market appeal than competition NETE has definitive agreement with Mullen outlining stock-for-stock reverse merger One of the most-recognized names in the electric vehicle (“EV”) world, Tesla (NASDAQ: TSLA), may be facing serious competition from several entrants into the EV space, including a lesser-known start-up, according to a recent “CarBuzz” report (http://ibn.fm/8kM9V). And Net Element (NASDAQ: NETE), a global financial technology and value-added solutions group, may stand to benefit from the news. “The Tesla Model Y is about to face some stiff competition from the Fisker Ocean and Mercedes EQA electric crossovers,”…

WednesdaySep 09, 2020 1:21 pm

QualityStocksNewsBreaks – ZCR Report Forecasts Possible Stock Jump for Net Element Inc. (NASDAQ: NETE)

Net Element (NASDAQ: NETE) was featured in a recent report by Zacks Small-Cap Research (“ZCR”) titled “Net Element Now Trades Based on a Valuation of Mullen Technologies.” The report provides an optimistic outlook for NETE stock, citing the company’s agreement to merge with Mullen Technologies, an electric vehicle assembler and manufacturer, with anticipated close of the merger in the fourth quarter of 2020. The report reads, “Using the electric vehicle peer valuation of 10x EV/sales, and owning 15-21.7% of the post merger company, the company could be worth $30.00 per share once the deal closes and twice that by 2023.”…

TuesdaySep 08, 2020 3:08 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Tech Visualize EV Manufacturing in 1.3M-Square-Foot Facility

Mullen Technologies, which previously entered a definitive agreement to merge with Net Element (NASDAQ: NETE), recently announced extension of a letter of intent (“LOI”) for the acquisition of a 1.3-million-square-foot electric vehicle (“EV”) manufacturing facility. Mullen, a Southern California-based, licensed EV manufacturer with international distribution that operates in various verticals of the automotive industry, extended the LOI with S3R3 Solutions to assemble EVs and manufacture EV batteries in the area of West Plains, Washington (http://ibn.fm/qZlx4). A recent article discussing this reads, “Mullen’s vision is to begin assembly of electric vehicles and development of its battery packs in an initial facility…

TuesdaySep 08, 2020 11:24 am

Proposed Merger Between Net Element Inc. (NASDAQ: NETE) and EV Manufacturer Mullen Technologies Offers New Investment Opportunity

EV sales rising despite declining economy due in part to policy initiatives, government incentives EV share prices making triple-digit percentage gains since Q2 2020 NETE divesting payments processing business model, entering EV industry through definitive merger agreement with Mullen Technologies Merger expected to accelerate process of taking Mullen public in addition to catalyzing manufacturing operations in United States While sales of internal combustion vehicles continue to trend downward, electric vehicle (“EV”) sales are holding up - particularly in countries like Germany where EVs are heavily subsidized and central to the country’s economic recovery plan (http://ibn.fm/RqaIF). Investors continue diverting capital into the…

FridaySep 04, 2020 12:16 pm

QualityStocksNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Pending Merger Partner Brings Stiff Competition for Tesla Inc. (NASDAQ: TSLA)

Net Element’s (NASDAQ: NETE) pending merger partner, Mullen Technologies, an emerging electric vehicle ("EV") manufacturer and technology company, was featured in a recent CarBuzz article. The piece titled, “New Tesla Model Y Rival Has Over 600 Miles Of Range,” describes competition Tesla's (NASDAQ: TSLA) Model Y will face from electric crossovers including Fisker Inc.'s (NYSE: SPAQ) Fisker Ocean, the Mercedes EQA and, specifically, the range capabilities of new competitor, the Mullen MX-05. The article reads, “Powering the Mullen MX-05 . . . will be a 150-kWh solid-state battery developed by China-based engineering firm Linghang BOAO. . . . Based on…

TuesdaySep 01, 2020 1:35 pm

Net Element Inc. (NASDAQ: NETE) Works to Enhance Shareholder Value, Adapts to COVID-19 Fallout

NETE releases Q2 2020 financial report CEO notes impact of COVID-19 on financial results, points to continued efforts to increase shareholder value as merger approaches Shareholder letter provides clarification on expected number of shares Net Element (NASDAQ: NETE), a global financial technology and value-added solutions group, released its financial report for Q2 2020 (http://ibn.fm/d1h9G), the period ended June 30, 2020; NETE also provided more clarifying information about its pending merger with Mullen in an Aug. 19 shareholder letter (http://ibn.fm/W1ahe). In its financial report, NETE noted that, during second quarter 2020, total transaction volume decreased to $717.9 million, as compared to $950.2 million…

TuesdayAug 25, 2020 2:23 pm

QualityStocksNewsBreaks – Mullen Technologies Inc. to Attend Raymond James 2020 Virtual Diversified Industrials Conference

Mullen Technologies, a southern-California based, licensed electric vehicle ("EV") manufacturer with international distribution that operates in various verticals of the automotive industry, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE), announced that it will attend the Raymond James 2020 Virtual Diversified Industrials Conference today, August 25, 2020. Interested parties may access the presentation, which will also be available on Mullen’s website, by visiting the following link at 4 p.m. EST: http://ibn.fm/vTt43. To view the full press release, visit http://ibn.fm/HQomd About Mullen Technologies Based in Southern California, Mullen Technologies is a licensed vehicle manufacturer focused on…

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Tag: Net Element Inc. NETE

Zacks Initiates Research on Net Element (NETE); Predicts $30 Per Share Target Price

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Moves Into EV Market With Mullen Merger

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Moves Into EV Market With Mullen Merger

With Contender for Tesla Inc. (NASDAQ: TSLA) on Horizon, Net Element Inc.’s (NASDAQ: NETE) Proposed Merger with Mullen EV Bodes Well for Company

QualityStocksNewsBreaks – ZCR Report Forecasts Possible Stock Jump for Net Element Inc. (NASDAQ: NETE)

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Tech Visualize EV Manufacturing in 1.3M-Square-Foot Facility

Proposed Merger Between Net Element Inc. (NASDAQ: NETE) and EV Manufacturer Mullen Technologies Offers New Investment Opportunity

QualityStocksNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Pending Merger Partner Brings Stiff Competition for Tesla Inc. (NASDAQ: TSLA)

Net Element Inc. (NASDAQ: NETE) Works to Enhance Shareholder Value, Adapts to COVID-19 Fallout

QualityStocksNewsBreaks – Mullen Technologies Inc. to Attend Raymond James 2020 Virtual Diversified Industrials Conference

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