Canoo Inc. Stock News

Nikola and Canoo were both downgraded from SPAC stocks to penny stocks. Nikola has struggled with figurative and literal fires since its public debut.

Rivian announced Thursday it will raise $1.5 billion in a debt offering as it continues burning $1.5 billion or more each quarter. Lucid, Fisker, and Canoo are all burning lots of cash too.

Second-tier EV stocks VinFast, Fisker, and Canoo are burning cash and in need of more. This morning, Fisker announced it will raise $170 million through issuing convertible debt.

Canoo (NASDAQ: GOEV) stock price is sitting slightly above its record low as investors assess the company's future. The shares were trading at $0.4678 on Wednesday, a few points above the all-time low

Penny stocks priced at less than one dollar seem very appealing. Just a small investment could potentially lead to huge returns.

Change seems to be the only constant in the ever-evolving landscape of the automotive industry. The sector is undergoing unparalleled shifts.

Canoo is struggling to ramp up production of its innovative vehicles.

Canoo came public via a SPAC merger in late 2020. The stock has headed lower in dramatic fashion since it went public.

Canoo came public via a SPAC merger in late 2020. The stock has headed lower in dramatic fashion since it went public.

A certain electric vehicle (EV) peer of the company experienced robust sales growth in China last month. That portends well for consumer and enterprise demand for all types of EVs.

The electric vehicle (EV) industry is going through major headwinds as demand slows and interest rates rise. Companies, including mainstream brands like Tesla and Ford have been forced to slash prices

The electric vehicle market has gained a lot of traction in the past few years. This trend is due to a couple of reasons: one, governments worldwide have been pouring money into the industry, usually

The company is hoping to get production ramped up to generate revenue.

Canoo (NASDAQ: GOEV ) stock is getting a boost on Tuesday as investors react to the company naming its new Chief Financial Officer. Greg Ethridge is taking over as the next CFO of Canoo.

Wall Street is still overwhelmingly bullish on Canoo. Its average price target implies a near-400% gain from its current levels.