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QuantumScape (NYSE: QS) , a developer of solid-state batteries, went public by merging with a special purpose acquisition company (SPAC) on Nov. Why did QuantumScape's stock skyrocket in 2020? billion in late 2020 even though it hadn't generated any revenue yet. Its stock started trading at $24.80 Image source: Getty Images.
A tiny player in a nascent market Serve Robotics was founded in 2017 within Postmates, the food delivery service acquired by Uber Technologies (NYSE: UBER) and integrated into Uber Eats in 2020. Its newest Gen 3 robots can travel 48 miles on a single charge, carry up to 15 gallons of cargo, and have a max speed of 11 mph.
Nikola (NASDAQ: NKLA) attracted a stampede of bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 4, 2020. The electric semi-truck maker's stock opened at $37.55 on its first trading day, then more than doubled to its all-time high of $79.73 a mere five days later.
Devon Energy (NYSE: DVN) has struck out on several potential acquisition opportunities over the past year. The company's Grayson Mill Energy acquisition was a key topic of conversation on that call. All fueled up for a strong 2025 "We see significant financial value created from this acquisition," stated Devon's CEO on the call.
Mitsubishi Chemical has agreed to sell its pharmaceutical subsidiary, Mitsubishi Tanabe Pharma, to US private equity firm Bain Capital in a deal valued at JPY510bn ($3.36bn) as part of a broader effort to streamline its portfolio.
Electric vehicle (EV) stocks have captivated investors ever since Tesla stock skyrocketed in 2020. QuantumScape stock has fallen sharply from its peak, which came shortly after it went public in 2020 via a special purpose acquisition company (SPAC) merger at a time when EV stocks were soaring.
BigBear.ai (NYSE: BBAI) , a developer of data mining and analytics tools, went public by merging with a special purpose acquisition company (SPAC) on Dec. Its investors retreated as its growth cooled off, it broadly missed its pre-merger targets, and it racked up steep losses. Its stock opened at $9.84 on April 13, 2022.
QuantumScape (NYSE: QS) and ChargePoint Holdings (NYSE: CHPT) were both red-hot stocks during the buying frenzy in electric vehicle (EV) stocks in late 2020 and early 2021. QuantumScape, a developer of solid-state batteries, merged with a special purpose acquisition company (SPAC) in November 2020. Its shares opened at $24.80
When BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition company (SPAC) in December 2021, it bore a striking resemblance to Palantir Technologies (NYSE: PLTR) , which went public through a direct listing in September 2020. after it closed its merger. Let's see why BigBear.ai
QuantumScape (NYSE: QS) was one of the hottest electric vehicle (EV) stocks of 2020. The maker of solid-state batteries went public by merging with a special purpose acquisition company (SPAC) on Nov. 27, 2020, and its stock opened at $24.80 billion in late 2020 -- even though it didn't generate any revenue yet.
Rocket Lab USA (NASDAQ: RKLB) , the creator of the Electron orbital rocket, went public by merging with a special purpose acquisition company (SPAC) three years ago. Like many other SPAC-backed companies, Rocket Lab set the bar too high during its pre-merger investor presentation. It relocated its headquarters to California in 2013.
BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. went public, it provided some ambitious growth targets in its pre-merger presentation. BigBear.ai's prospects sounded promising, but it broadly missed its rosy pre-merger targets. and climbed to an all-time high of $16.12
The HealthComp and Virgin Pulse merger comes as private equity deals have decreased from pandemic-fueled highs. The merger aims to create an integrated platform for employer-sponsored health benefits with hopes of lowering health costs for both members and employers. Fresno, Calif.-based The 2023 MM+M.
The notable exception was a brief cut to the supplemental dividend in early 2020 at the beginning of the COVID-19 pandemic (seen in the grey-shaded column). Many BDCs focus on specific sectors, making the risk profile of each portfolio vastly different. HTGC Dividend data by YCharts. Image source: Getty Images.
This slide shows that rents across its portfolio grew by 4.3% That's a significant acceleration from the rent growth the company experienced in 2020 and 2021. Adjusted FFO growth was even faster in its real estate segment at 7.1%, driven by rent growth, acquisitions, and the merger of a non-traded REIT it previously managed.
SoundHound went public by merging with a special purpose acquisition company ( SPAC ) in 2022 and subsequently expanded by acquiring the restaurant tech companies SYNQ3 and Allset. It was originally a unit of Postmates, which was bought by Uber in 2020. Nvidia also acquired a 10% stake in the company earlier this year.
After acquiring just over 2,000 properties from the merger with Spirit Realty, Realty Income's property portfolio has grown to around 15,500 properties. Assuming the lower interest rates allow Realty Income to refinance debt or fund more projects and acquisitions, lower rates should help boost profits.
The enterprise AI software company went public by merging with a special purpose acquisition company ( SPAC ), and its stock opened at $9.84 In a pre-merger presentation, BigBear.ai In a pre-merger presentation, BigBear.ai from 2020 to 2023, its gross margin dropped to 26%, and its adjusted EBITDA turned negative.
Stocks with a beta as low as Hershey's are what I would consider "bedrock" types of holdings that you can use as a foundational piece in any of your portfolios -- which is why it is one of my daughter's nine core portfolio positions. MTYFF Free Cash Flow data by YCharts Making 27 acquisitions worth more than $1.7 However, its 2.9%
That all came to a head in 2020 when deteriorating market conditions during the pandemic left the midstream company with no choice other than to slash its distribution so it could retain additional cash to shore up its finances. The acquisition will enhance Energy Transfer's ability to pay distributions. billion all-equity deal.
Archer Aviation (NYSE: ACHR) and Rocket Lab USA (NASDAQ: RKLB) are both tiny aerospace companies that went public by merging with special purpose acquisition companies ( SPACs ) in 2021. Both stocks initially soared, but they crashed after the companies missed their pre-merger estimates and racked up steep losses.
Demonstrated success In addition to completing sale-leaseback transactions, "we have firmly demonstrated our capabilities deploying capital, having invested $9 billion or more including public M&A in each of the last three years since exiting the pandemic year of 2020," Roy said on the call. The company knows how to acquire real estate.
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 Metric 2020 2021 2022 2023 Revenue $2.6 Metric 2020 2021 2022 2023 Revenue $2.6 Opendoor (NASDAQ: OPEN) has been a tough stock to own over the past few years. billion $8.0 billion $15.6
For its recently completed quarter, the company reported that the Pioneer merger is already proving fruitful, contributing $500 million in earnings for the quarter. The Constellation deal reads well for Vistra because the latter has expanded its nuclear capability this year via its acquisition of Energy Harbor in March.
The maker of electric semi-trucks was a red-hot stock during the buying frenzy in speculative stocks in 2020, but it ran out of juice after it missed its production forecasts. Nikola 's (NASDAQ: NKLA) stock has plunged nearly 99% over the past three years. After that steep decline, Nikola's stock now trades at just 2 times this year's sales.
That's probably why Warren Buffett has held Coca-Cola as a top stock in Berkshire Hathaway 's portfolio over the past 35 years. But over the past few decades, it expanded its portfolio beyond sugary sodas with bottled water, teas, fruit juices, sports drinks, energy drinks, coffees, and even alcoholic beverages. YOY = Year-over-year.
SoundHound went public by merging with a special purpose acquisition company ( SPAC ) two years ago. In a pre-merger presentation, SoundHound claimed it could grow its revenue at a compound annual growth rate (CAGR) of 104% from $13 million in 2020 to $110 million in 2023 as it expanded its gross margin from 55% to 77%.
Third, it's worth noting that 3M Healthcare/Solventum was the focus of 3M's merger and acquisition activity over the past five years. In 2020, 3M sold the majority of its drug delivery business. In 2020, 3M sold the majority of its drug delivery business. Consider when Nvidia made this list on April 15, 2005.
Symbotic (NASDAQ: SYM) , a producer of artificial intelligence-powered warehouse automation robots, went public by merging with a special purpose acquisition company (SPAC) two years ago. It was originally founded in 2017 as a unit of Postmates, the food delivery company that was acquired by Uber in 2020.
This company went public through a reverse merger with a special purpose acquisition company (SPAC) in the latter part of pandemic-riddled 2020, and it benefited from the high investor interest in anything promising around that time. The stock's wild history has been rather predictable too.
of its public equity portfolio and making it the fifth largest position behind Apple , Bank of America , American Express , and Coca-Cola. The company first bought shares in Q3 2020, cut the position in 2021, then began building it up again in Q3 2021. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) 30, 2023, good for 5.9%
Financial industry disrupter SoFi (NASDAQ: SOFI) has been a rare bright spot among the hundreds of companies that went public via reverse mergers with special purpose acquisition companies during the 2021 SPAC boom. The Galileo fintech platform posted its largest quarterly member addition since early 2020.
AST SpaceMobile was founded seven years ago and went public by merging with a special purpose acquisition company ( SPAC ) in 2021. It started as a unit of Postmates, which was subsequently acquired by Uber Technologies in 2020. Serve Robotics Serve Robotics develops autonomous sidewalk-delivery robots.
Despite that benefit, its stock never recovered from its high in early 2020 amid a pandemic and rising interest rates. Furthermore, the Spirit Realty acquisition has boosted its financials. Nonetheless, the added expenses and merger-related costs led to total (operational) expenses rising by almost 57% to $1.1 Its nearly $1.3
The developer of solid-state batteries went public by merging with a special purpose acquisition company (SPAC), and its stock started trading at $24.80 QuantumScape has high hopes for 2028 During its pre-merger presentation, QuantumScape claimed it would start commercializing its batteries in 2024 and ramp up its production through 2028.
The developer of solid-state batteries went public by merging with a special purpose acquisition company ( SPAC ) in November 2020, and its stock started trading at $24.80 QuantumScape (NYSE: QS) has disappointed a lot of investors since its public debut. and skyrocketed to a record high of $131.67 less than a month later.
Texas Pacific will occasionally use excess cash to add to its asset portfolio. But given the recent acquisition, it might not issue another special dividend until 2026. Over the last five years, Texas Pacific has issued special dividends in 2020, 2022, and 2024, so there's reason to believe the even-year pattern should continue.
But UPS said that it will rely on organic growth and acquisitions to drive the segment -- putting pressure on the company's ability to execute. They have announced splashy mergers and acquisitions (M&A) in the pursuit of boosting cash flow to accelerate growth and their capital return programs. P/E ratio, a 2.7%
Diageo stock trades at a valuation it hasn't seen since 2012 (even including the crash in March 2020). It boasts a portfolio of over 200 beverage brands, including famous global names include Johnnie Walker, Guinness, Smirnoff, Baileys, Captain Morgan, and Tanqueray. Here's why now may be the time to invest in Diageo and its 2.7%
Its stock has risen nearly 60% from its IPO price in July 2020. However, Polestar's stock has declined more than 90% since it went public by merging with a special purpose acquisition company ( SPAC ) in June 2022. Like Rivian, Polestar lost its luster as it grappled with supply chain constraints and missed its original growth targets.
QuantumScape (NYSE: QS) , a maker of solid-state batteries for electric vehicles (EVs), initially attracted a stampede of bulls when it went public by merging with a special purpose acquisition company (SPAC) in November 2020. The combined company's stock opened at $24.80 and skyrocketed to its record high of $131.67
Salesforce is a balanced buy It may have surprised investors when Salesforce -- a growth stock -- was added to Dow in August 2020. Although they are similar businesses, ExxonMobil and Chevron do have some distinct differences, especially regarding their merger and acquisition activity. Image source: Getty Images.
After completing its merger with a special purpose acquisition company , Nikola stock started trading at $37.55 in June 2020, and it quickly soared to almost $94 days later as investors recognized a long road of growth ahead for the company. Clearly, management is optimistic that 2024 is going to be a success.
The last time Tilray's stock was in positive territory was -- you guessed it -- the 2020 election year, when it rose by 33%. It will pursue more acquisitions outside of the cannabis industry Tilray is in the cannabis business, but it has been diversifying outside of it. And it was down 15% the year before that.
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