Company: Vicinity Motor Corp
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $143 MCAD
Stock price at time of publication: $4.05 CAD
Target price: 15-32 CAD by external analysts
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Lion Electric Market cap 2 billion USD
Website: https://vicinitymotorcorp.com/
ESGFIRE comment: We see a big upside in Vicinity Motors shares as the company despite the recent action is valued at about 1X sales for 2022 and with target prices of 15-32 CAD by external analysts! The company now has a sales backlog in excess of $100 million CAD! It will be interesting to see how the full fiscal year of 2021 developed.
VANCOUVER, BC – March 14, 2022 – Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the fourth quarter ended December 31, 2021, before market open on Wednesday, March 30, 2022.
Management will host an investor conference call at 8:30 a.m. Eastern time on Wednesday, March 30, 2022 to discuss Vicinity Motors’ fourth quarter financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:
Q4 2021 Conference Call and Webcast
Date: Wednesday, March 30, 2022
Time: 8:30 a.m. Eastern time
U.S./Canada Dial-in: 1-877-300-8521
International Dial-in: 1-412-317-6026
Conference ID: 10164603
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1536513&tp_key=cc4fa60105
Please dial in at least 10 minutes before the start of the call to ensure timely participation.
A playback of the call will be available through Saturday, April 30, 2022. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally. Please use the replay pin number 10164603. A webcast will also be available by clicking here: Vicinity Motors Q4 2021 Webcast.
About Vicinity Motor Corp.
Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its proprietary electric chassis alongside J.B. Poindexter business unit EAVX, the Company’s strategic partner, for upfitting into next-generation delivery vehicles. For more information, please visit www.vicinitymotorcorp.com.
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