News Archives - Green Energy Stocks

MondayOct 07, 2024 9:45 am

GreenEnergyBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Forecasts $75M in GAAP Revenue Over Next 6 Months, Implements Immediate Measures to Cut Overall Expenses

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it expects to ramp up its commercial sales to a monthly average of $12.5 million. As a result, the company forecasts $75 million in estimated GAAP revenue over the next six months from both Mullen Commercial’s and its subsidiary Bollinger Motors’ sales opportunities and pilot programs. The announcement also noted that the company is taking immediate steps to reduce its overall spend (operating and investing cash flows) from $12.8 million to $7.3 million. The $5.5 million cut is driven by a 20% reduction in headcount, elimination of…

FridayOct 04, 2024 9:30 am

GreenEnergyBreaks — Mullen Automotive Inc.’s (NASDAQ: MULN) Bollinger Motors Delivers Five B4 All-Electric Trucks to First US Dealership

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its subsidiary, Bollinger Motors, has delivered five Bollinger B4 Chassis Cabs to Nacarato Truck Centers’ facility in LaVergne, Tennessee. The delivery was valued at $800,000, with the company receiving full wire transfer payment on September 30, 2024. Nacarato Truck Centers becomes the first dealership in the U.S. to receive the B4s. The dealership will sell four vehicles to commercial fleet customers and use one vehicle for its own internal parts deliveries between its 13 locations. “Nacarato Truck Centers is thrilled to be the first dealership in the…

WednesdayOct 02, 2024 10:55 am

GreenEnergyBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports 6791% QoQ Revenue Growth, Continued Decrease in Monthly Cash Burn

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced expectations to report a significant revenue increase for the quarter ended September 30, 2024. The company anticipates recording approximately $4.5 million in revenue in the just-ended quarter, compared to $65,235.00 in the previous quarter ended June 30, 2024, a quarter-over-quarter increase of 6791%. According to the announcement, the company’s monthly cash burn for the quarter ended September 30, 2024, is approximately $12.7 million per month, down from $12.8 million for the quarter ended June 30, 2024, and $18.1 million for the quarter ended March 31, 2024. The announcement…

ThursdaySep 26, 2024 12:14 pm

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives $3.2M Purchase Order from Papé Trucks for 50 Class 1 and Class 2 EVs

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a new vehicle order valued at $3.2 million. According to the announcement, Papé Trucks, the company’s seventh franchise dealer partner with 30 commercial sales and service locations across the Western U.S., has ordered 43 Class 3 EV trucks and 7 Class 1 EV cargo vans. The order also includes Class 1 and Class 3 parts supply to stock on hand for fast warranty service and repair work. Mullen will begin delivering the vehicles immediately. Papé’s strong reputation for exceptional customer service and vast network across the West is…

TuesdaySep 24, 2024 11:15 am

GreenEnergyBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Shares Video Update from CEO

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today shared a video update to shareholders provided by CEO and Chairman David Michery. In the video, Michery provides a detailed overview of the company’s recent progress, including sales and distribution expansion and financial performance. According to the update, the company’s sales activities with existing and new companies have resulted in new sales opportunities and vehicle orders received and or completed. Additionally, Mullen has secured financing to support sales growth through a $100 million preferred instrument and a $150 million fully available equity line. The update also highlighted Bollinger Motors’…

MondaySep 23, 2024 1:37 pm

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN), Subsidiary Celebrate Production of B4 Electric Truck, CEO to Release Shareholder Update Video

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, and its subsidiary, Bollinger Motors, are announcing a major milestone. According to the announcement, the first customer-ready B4 electric truck rolled off the production line in Livonia, Michigan, last week. Employees, suppliers and government officials gathered on Sept. 20, 2024, to celebrate the production of the first customer-ready, all-electric Class 4 Bollinger B4 Chassis Cab. The vehicle, which is produced in partnership with Roush Industries, is entirely assembled in the United States. “Robert Bollinger and his team made a gutsy call two years ago to pivot to an entirely different market…

FridaySep 20, 2024 12:54 pm

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Officials in UAE to Support Volt Mobility $210M Order

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, is sharing an update regarding a Volt Mobility United Arab Emirates (“UAE”) order valued at up to $210 million; the order is for 300 Mullen Class 1 and Class 3 electric vehicles. According to the update, members of the company’s technical and sales team are on site in Dubai this week, meeting with Volt officials, providing support for initial market launch activities, and overseeing delivery of the first Mullen One EV cargo vans and Mullen Three cab chassis trucks. Mullen is working with the Miami-based VoltiE Group, a charging company, to…

ThursdaySep 19, 2024 10:47 am

GreenEnergyBreaks — Worksport Ltd. (NASDAQ: WKSP) Sees Record August Sales, Poised to Exceed 2024 Revenue Forecast

Worksport Ltd. (NASDAQ: WKSP) recently reported record August 2024 net sales of $1.21 million, pushing its Annual Recurring Revenue (ARR) to $14.56 million, significantly surpassing 2023's revenue of $1.53 million. The company’s early momentum suggests it will exceed its 2024 revenue guidance of $6-8 million. CEO Steven Rossi highlighted the strong demand for Worksport’s U.S.-made products, with upcoming launches of its AL4, SOLIS, and COR lines expected to drive further growth. Worksport remains on track for positive cash flow in 2025 and aims to become a nine-figure company in the near future. To view the full press release, visit https://ibn.fm/iAUW8…

WednesdaySep 18, 2024 1:32 pm

GreenEnergyBreaks — First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Subsidiary Eyeing Production of Thermoelectric Generator to Replace, Improve On Vehicle Alternators

First Tellurium (CSE: FTEL) (OTCQB: FSTTF) and its majority-owned subsidiary have announced an initiative to build and install a demonstration thermoelectric generator designed to replace vehicle alternators, increase efficiency for combustion engines and help electric vehicles generate more power. According to the announcement, PyroDelta Energy has been working on the thermoelectric generator for eight years; the company has reached the point where it is looking for a facility to assemble the device, retrofit it into a car and demonstrate its functionality. PyroDelta is also exploring other significant target markets, such as solar panels, drones and greenhouses, where the device could be used…

WednesdaySep 18, 2024 12:05 pm

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Releases Pricing for New B4 Commercial Electric Truck

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, and its subsidiary Bollinger Motors have announced pricing for the 2025 Bollinger B4 Chassis Cab. The manufacturer’s suggested retail price (“MSRP”) for the all-new, all-electric Class 4 commercial truck is $158,758. The company noted that the B4 is eligible for combined federal and state incentives totaling more than $100,000. The vehicle features extensive fleet and upfitter input with an exclusive chassis designed to protect the 158-kwh battery pack and components to provide impressive capability and safety. According to the announcement, Bollinger has started serial production of the B4 and plans to…

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