Welcome to our dedicated page for VivoPower International PLC news (Ticker: VVPR), a resource for investors and traders seeking the latest updates and insights on VivoPower International PLC stock.
VivoPower International PLC (NASDAQ: VVPR) is a global leader in sustainable energy solutions, specializing in the development, building, and operation of solar power projects. The company aggregates photovoltaic (PV) solar projects under long-term power purchase agreements and then manages corporate and project financing, engineering design, equipment procurement, and construction. VivoPower operates through several segments, including Solar Development, Critical Power Services, Sustainable Energy Solutions, and Electric Vehicles, with the majority of its revenue coming from Critical Power Services, primarily in Australia.
Recent Achievements and Current Projects
VivoPower's subsidiary, Tembo e-LV B.V. ("Tembo"), recently secured a follow-on strategic equity investment of USD 5 million, affirming the company's robust financial health and growth prospects. Tembo focuses on electric utility vehicles (EUVs) for fleet owners in sectors like mining, agriculture, and government. VivoPower continues to retain a majority stake in Tembo, which recently met milestones for a final follow-on investment.
Another exciting development involves Tembo's joint venture with Francisco Motor Corporation in the Philippines, which has secured 1,300 order commitments for electric jeepneys, valued at an estimated USD 30 million. This initiative aims to modernize the Philippines' jeepney industry, aligning with VivoPower's mission to provide sustainable energy solutions globally.
Moreover, VivoPower has begun delivering next-generation EUV powertrain conversion kits to its Canadian distributor, Access Industrial Mining Inc. These kits convert diesel-powered 4x4 LandCruiser and Hilux vehicles into electric utility vehicles, supporting corporate clients in achieving their net-zero carbon goals.
About VivoPower
VivoPower is an award-winning B Corporation dedicated to providing turnkey decarbonization solutions for its clients. The company operates in multiple countries, including Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates. VivoPower's core purpose is to facilitate the transition to net-zero carbon status for its customers through innovative, sustainable energy solutions.
Financial Condition and Partnerships
VivoPower's financial health is bolstered by strategic investments and partnerships. The company has a strong presence in Australia, generating most of its revenue from this region. Recent equity investments and joint ventures highlight its commitment to sustainable growth and innovation.
As of the first half of 2024, VivoPower's financial results are preliminary but reflect a stable and promising outlook. The company continues to attract significant investments, further supporting its ambitious projects and long-term objectives.
For more detailed and the latest updates on VivoPower International PLC, visit their official website or follow their NASDAQ profile.
VivoPower International (NASDAQ: VVPR) has received a valuation report from Edison, estimating its share price at $19, significantly higher than its current market price of $8.06. The report emphasizes VivoPower's growth strategy, particularly following its $250 million acquisition of Tembo, which positions it as a market leader in electric vehicles. Edison projects revenue growth from $49 million to $133 million by 2023, with the EV division accounting for over 55% of sales. The report highlights VivoPower's sustainability credentials, likely appealing to ESG-focused investors.
VivoPower is advancing its sustainable business model, focusing on decarbonisation through electric vehicles and renewable energy. The acquisition of Tembo marks a significant growth opportunity in a niche market. Their Discounted Cash Flow (DCF) analysis values shares at $19, with growth projections of 5,000 vehicle sales by 2025. Each additional 1,000 vehicles could impact the valuation by approximately $5 per share. Risks include production ramp-up and supply chain challenges.
VivoPower is advancing its sustainability-focused business model through the acquisition of Tembo, enhancing its electric vehicle (EV) segment. This strategic move aims to leverage the growing demand for decarbonization. Analysts have set a DCF valuation of $19 per share, dependent on the performance of Tembo, particularly in its projected sales of 5,000 vehicles by 2025. Production ramp-up poses potential risks related to manufacturing and supply chain logistics.
VivoPower International PLC (NASDAQ: VVPR) announced that Kevin Chin, Executive Chairman and CEO, along with Matt Cahir, Executive Director, will present at the Virtual Roth Conference from March 15-17, 2021. This 33rd annual conference connects over 400 companies with global investors and features one-on-one meetings, industry panels, and fireside chats across various sectors, including Sustainability and Technology. VivoPower is focused on sustainable energy solutions, providing decarbonization options to create a net zero carbon future.
VivoPower International PLC (Nasdaq: VVPR) announced that CEO Kevin Chin and Executive Director Matt Cahir will present at the Inaugural Emerging Growth Virtual Conference on March 17-18. The event will run from 9:00 am to 5:00 pm EST, featuring issuer presentations, discussions, and Q&As with CEOs. Registration is required for exclusive access. VivoPower focuses on sustainable energy solutions, including electric vehicles and solar services, and operates internationally.
VivoPower International PLC (NASDAQ: VVPR) announced that its subsidiary, J.A. Martin Electrical, secured a contract for electrical works on the 200 MW Blue Grass Solar Farm in Queensland, Australia. This project, in partnership with GRS, marks J.A. Martin's third solar farm completion, contributing to over 350 MW contracted. The solar farm will generate approximately 420,000 MWh of energy annually, powering 80,000 homes and avoiding over 320,000 tonnes of CO2 emissions. The construction will create about 400 local jobs, enhancing regional economic development.
VivoPower International PLC (Nasdaq: VVPR) announced a 28% decline in revenue and 17% drop in gross profit for the half-year ended December 31, 2020, attributed to strict COVID-19 lockdowns in Australia. Despite these challenges, the company completed its acquisition of Tembo e-LV, enhancing its sustainable energy solutions. Notable achievements include a $250 million partnership deal with GB Auto and a deal with Tottenham Hotspur FC for sustainable energy solutions. The underlying adjusted EBITDA stood at $1.2 million, down from $5.5 million in the previous year.
VivoPower International PLC (Nasdaq: VVPR) has entered a partnership with Tottenham Hotspur as its Official Battery Technology Partner until the end of the 2021/22 season. This unique collaboration aims to support the football club's commitment to achieving net zero carbon status. VivoPower is set to review the club's stadium and training center, proposing a sustainable energy solution, including a solid-state battery and solar panels. The partnership highlights Tottenham's dedication to sustainability, recognized as the Premier League's greenest club and a participant in the UN Sports for Climate Action Framework.
VivoPower International PLC (NASDAQ: VVPR) announces the appointment of Hugh Durrant-Whyte to its Advisory Council, marking the completion of its six-member team. Durrant-Whyte, a prominent figure in robotics and automation, has an extensive background, including roles as Chief Scientist in New South Wales and Chief Scientific Advisor to the UK Ministry of Defence. His expertise is expected to enhance VivoPower's efforts in deploying Tembo electric vehicles and sustainable energy solutions, particularly within the mining sector, as noted by CEO Kevin Chin.
VivoPower International PLC (NASDAQ: VVPR) has sold its majority stake in the Daisy Hill Solar Farm, a 6.3 MW-DC solar project in New South Wales, Australia, to IT Power (Australia) Pty Ltd. The transaction yielded a 2.1x return on VivoPower’s invested capital. CEO Kevin Chin stated that this sale aligns with the company’s new focus on customer-centric sustainable energy solutions, including renewable generation and battery storage. The completion of the project is now entrusted to ITP Renewables, with expectations of successful delivery.
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