NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Hypercharge Networks Corp. (TSXV: HC; OTC: HCNWF; FSE: PB7) (the “Company” or “Hypercharge”), a leading, smart electric vehicle (EV) charging solutions provider and network operator is pleased to announce that it has entered into an agreement with FMI Securities Inc. (the “Lead Agent”), for and on behalf of a syndicate of agents to be formed in con ...

Core Insights - Blink Charging Co. has been selected to install, own, and operate 184 EV chargers in Wakefield district as part of a regional net-zero initiative [1][2] - The project is backed by a £282,000 investment from the UK government's Local Electric Vehicle Infrastructure (LEVI) fund, aiming to enhance public EV charging access and support the transition to fully electric transportation by 2030 [2][4] Company Overview - Blink Charging Co. is a global leader in electric vehicle charging equipment and services, providing innovative solutions to facilitate the transition to electric transportation [6] - The company's offerings include the Blink Network, EV charging equipment, and services, utilizing proprietary cloud-based software for operation and maintenance [6] Project Details - The installation will consist of 54 on-street and 130 off-street EV chargers, focusing on areas with limited access to charging [1][3] - The initiative aims to ensure that at least 20% of the chargers are accessible to residents with various accessibility needs [3] Strategic Importance - The collaboration with Wakefield Council is seen as a significant step in expanding Blink's presence in the UK and enhancing the availability of public EV charging infrastructure [5] - The project is designed to provide charging solutions at no cost to the Council, making it easier for residents without home charging options to access EV chargers [5]

The hybrid vehicle segment in the U.S. is expected to grow rapidly over the next decade, according to EY’s data. Despite an overall cooldown in the U.S. EV market, hybrid vehicles are expected to account for 34% of all passenger vehicles sold by 2034. Sales of hybrid vehicles are expected to climb to over 3 million units in the U.S. by next year, according to EY’s data."Hybrids will be the selection, and I think it will be the bridge to get us to full electrification,” said George Lenyo, EY Americas Automot ...

Core Insights - Tesla's partnership with Uber's freight division is expected to enhance electric vehicle (EV) adoption by providing lower operating costs and improved revenue certainty for freight operators [1][2]. Group 1: Partnership and Benefits - The collaboration with Uber Freight aims to reduce uncertainty in revenue and utilization by effectively matching shippers with freight carriers, which is anticipated to accelerate EV adoption as operators recognize the cost and maintenance advantages of the Tesla Semi [2]. - Dan Priestley emphasized that the Tesla Semi can operate in freight lanes without compromises, contributing to lower operating costs [2]. Group 2: Production and Expansion Plans - Tesla plans to enter volume production of the Semi next year, with the Gigafactory in Nevada capable of producing 50,000 units annually [4][5]. - The company is also looking to expand the Semi into the European market, having appointed Usuf Schemo as the Head of Business Operations for that region [5].

Core Insights - ChargePoint's non-GAAP adjusted EBITDA breakeven timeline has been pushed beyond the current year due to project build-out delays and a changing macroeconomic environment [4][13][25] - The company reported fiscal Q2 2026 revenue of $99 million, which is at the top of guidance but down 9% year-over-year [3][19] - Non-GAAP gross margin improved to 33%, the highest since going public, reflecting effective cost management and tariff mitigation [11][20] - Subscription revenue reached $40 million, accounting for 40% of total revenue, with a 10% year-over-year increase [6][19] - The company has $195 million in cash on hand, indicating strong cash management and minimal cash usage [3][23] Financial Performance - Revenue for fiscal Q2 2026 was $99 million, sequentially higher but down 9% year-over-year [3][19] - Non-GAAP adjusted EBITDA loss was $22 million, an improvement from a $23 million loss in the prior quarter and a $34 million loss in the same quarter last year [6][22] - Non-GAAP operating expenses were $59 million, up 3% sequentially but down 12% year-over-year [6][21] - Subscription gross margin reached a GAAP record high of 61% in fiscal Q2 2026, with expectations for further expansion [4][21] Market and Strategic Developments - The company manages over 363,000 charging ports globally, with a significant presence in Europe [3][12] - The partnership with Eaton is progressing, with new DC charging solutions expected to enhance hardware gross margins and expand market reach [4][14] - North America accounted for 84% of revenue, while Europe contributed 16%, consistent with previous quarters [6][20] - The company is focusing on innovation and product development to capture growing demand, particularly in the European market, which saw a 26% year-over-year increase in EV sales [17][56] Guidance and Outlook - Fiscal 2026 revenue is expected to be between $90 million to $100 million, with a cautious outlook due to macroeconomic challenges [6][25] - The company anticipates generating cash in a quarter before achieving non-GAAP adjusted EBITDA profitability [24][52] - Management remains optimistic about long-term growth, supported by a strong product pipeline and strategic partnerships [18][56]

While Donald Trump’s policies may slow down EV adoption in America, they will not stop the green transition. We explain why https://t.co/yweGjTYJGk ...

Market Trend - Donald Trump's policies may slow down EV adoption in America [1] - The policies will not stop the green transition [1]

Industry Overview - Electric vehicle (EV) sales in mainland China reached 1.26 million units in July, representing a 5% decline from June but a 27.4% increase year-over-year [1] - From January to July 2025, EV sales climbed 38.5% year-over-year to 8.22 million units, with EV adoption rising to 48.7% from 43.8% in 2024 [4] - The average price cuts on electric and petrol cars decreased to 16.7% in July from 17.4% in June [3] Company Performance - Nio Inc. is experiencing bearish momentum, with its stock trading lower [3] - Nio registered 6,100 units in the week of August 4 to 10, down 23.1% from the previous week [7] - Other companies like BYD, Li Auto, and Xpeng also reported mixed registration results, with BYD leading at 54,800 registrations, down 10.1% week-over-week [6] Market Dynamics - The decline in sales is attributed to Beijing's push for automakers to reduce discounts and focus on profitability [2] - Fitch Ratings anticipates a softening demand from July to September, with a potential rebound in the fourth quarter as buyers seek to secure tax breaks before they phase out [5] - Lower-priced electric cars under 100,000 yuan ($13,925) are performing well, attracting price-sensitive buyers [4]

Summary of Tesla Inc. (TSLA) 2Q25 Conference Call Company Overview - **Company**: Tesla Inc. (TSLA) - **Quarter**: 2Q25 Key Financial Results - **Revenue**: $22,486 million, up 16% quarter-over-quarter (qoq) and down 12% year-over-year (yoy) [2][3] - **Non-GAAP Diluted EPS**: $0.40, in line with FactSet consensus and above Goldman Sachs estimate of $0.35 [3][8] - **Free Cash Flow (FCF)**: $146 million [3] - **Automotive Non-GAAP Gross Margin**: 15.0%, above Goldman Sachs estimate of 12.7% and FactSet consensus of ~13.8% [3][5] - **Total Company Gross Margin**: 17.2%, exceeding Goldman Sachs estimate of 15.8% and FactSet consensus of 16.6% [5] Segment Performance - **Automotive Revenue**: $16,661 million, up 19% qoq and down 16% yoy [10] - **Energy Generation and Storage Revenue**: $2,789 million, up 2% qoq and down 7% yoy [10] - **Service and Other Revenue**: $3,046 million, up 15% qoq and up 17% yoy [10] - **Vehicle Deliveries**: Approximately 384,000, up 14% qoq and down 13% yoy [4] Production and Delivery Insights - **Vehicle Production**: Approximately 410,000 vehicles produced, up 13% qoq [4] - **Model 3/Y Deliveries**: Approximately 374,000, up 15% qoq and down 12% yoy [4] - **Other Model Deliveries**: Approximately 10,000, down 19% qoq and down 52% yoy [4] Strategic Outlook - **Growth Uncertainty**: Tesla indicated difficulty in predicting growth rates for its auto and energy businesses due to policy uncertainty [3][10] - **New Vehicle Launches**: Plans for new vehicles remain on track, including a more affordable model expected in 1H25 and the Model YL deliveries in China anticipated this fall [11][12] - **Lithium Refining and Cathode Production**: Plans to begin production in 2025 are on track [12] Cost and Margin Analysis - **Cost per Vehicle**: Increased to approximately $35.9K from $35.5K in 1Q25 [6] - **Energy Gross Margin**: 30.3%, significantly above the estimate of 23.0% [6] Risks and Price Target - **Price Target**: $285, implying a downside of 14.2% from the current price of $332.11 [13][15] - **Key Risks**: Include potential vehicle price reductions, increased competition in EVs, tariff impacts, slower EV demand, and operational risks associated with vertical integration [14] Conclusion - Tesla's 2Q25 results showed a mixed performance with revenue growth but challenges in year-over-year comparisons. The company faces uncertainties in growth projections and competitive pressures, while maintaining a focus on new product launches and margin improvements.

Industry Overview - The Zacks Oil and Gas - Exploration and Production - United States industry is facing challenges due to lower crude prices influenced by geopolitical factors and an oversupply of natural gas [1][3][5] - The industry is currently ranked 186 out of 245 Zacks industries, placing it in the bottom 24% [8][10] - The industry's earnings estimates for 2025 have decreased by 41.6% over the past year, indicating a negative outlook [10] Key Trends - Easing geopolitical tensions have led to a reduction in oil prices, with WTI crude trading around $65, impacting companies reliant on higher prices for new investments [3][4] - OPEC forecasts a significant increase in global oil demand to 123 million barrels per day by 2050, necessitating an investment of $18.2 trillion in the oil and gas sector [4] - Natural gas production in the U.S. has reached record levels, with storage exceeding seasonal norms by 6%, which may limit price increases [5] - The International Energy Agency (IEA) predicts a slowdown in global oil demand growth post-2026 due to the rise of electric vehicles and cleaner energy policies [6][7] Company Highlights - **W&T Offshore (WTI)**: A leading oil and natural gas explorer with a market capitalization of nearly $270 million, known for its disciplined operations and positive cash flow for 28 consecutive quarters [18][19] - **EQT Corporation (EQT)**: The largest natural gas producer in the U.S. with a market cap of approximately $35 billion, expected EPS growth rate of 46.3% over the next three to five years [21][22] - **APA Corporation (APA)**: Engaged in exploration and production with a market cap of around $7 billion, known for its successful drilling in Suriname and the Permian Basin [23][24] - **Civitas Resources (CIVI)**: Focused on the DJ Basin and Permian Basin, with a market cap of about $2.8 billion, recognized for strong well returns and shareholder returns [26][27] Valuation Metrics - The industry is currently trading at an EV/EBITDA ratio of 11.28X, significantly lower than the S&P 500's 17.71X, but above the sector's 4.86X [15]