Twin Vee PowerCats
VEEE

$0.6123

14.73%

Market Cap: $5.83M

About: Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power catamaran boats to use for fishing, diving and water skiing and commercial activities including transportation, eco-tours, fishing, and diving expeditions. Its revenue is derived from the sale of boats, motors, and trailers to its independent dealers. It has organized its business into three operating segments: The gas-powered boat segment, which manufactures and distributes gas-powered boats; The electric-powered boat segment, which is developing fully electric boats, through its controlling interest subsidiary, and its franchise segment, which is developing a standard product offering and will be selling franchises across the United States through its wholly-owned subsidiary.

Employees: 90

Industrials Ship & Boat Building & Repairing

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

15% more funds holding

Funds holding: 13 [Q1] → 15 (+2) [Q2]

2.63% less ownership

Funds ownership: 14.9% [Q1] → 12.28% (-2.63%) [Q2]

48% less capital invested

Capital invested by funds: $1.22M [Q1] → $637K (-$583K) [Q2]

80% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 5

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Research analyst outlook

We haven’t received any recent analyst ratings for VEEE.

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Financial journalist opinion

Twin Vee PowerCats Initiates Development on Automotive-Inspired Buy/Sell Marketplace & All Digital, Customer-Centric, End-to-End Boat Buying Platform

FORT PIERCE, FL / ACCESSWIRE / September 16, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, announced today that it has initiated a groundbreaking plan to transform the boat buying experience with the introduction of its automotive industry-inspired "Pro-Direct Platform." The Company anticipates its Pro-Direct Platform will revolutionize how its products are sold, improve customer satisfaction, and help expand its reach to more markets nationwide.

Twin Vee PowerCats Initiates Development on Automotive-Inspired Buy/Sell Marketplace & All Digital, Customer-Centric, End-to-End Boat Buying Platform

FORZA X1 INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forza X1, Inc. - FRZA

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Forza X1, Inc. (NasdaqCM: FRZA) to Twin Vee PowerCats Co. (NasdaqCM: VEEE). Under the terms of the proposed transaction, shareholders of Forza will receive 0.61166627 shares of Twin Vee for each share of Forza that they own. Upon closing of the proposed transaction, Forza shareholders would own approximately 3.

FORZA X1 INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forza X1, Inc. - FRZA

Twin Vee Powercats Co. (VEEE) Q2 2024 Earnings Call Transcript

Twin Vee Powercats Co. (NASDAQ:VEEE ) Q2 2024 Results Conference Call August 14, 2024 4:00 PM ET Company Participants Joseph Visconti - President and CEO Michael Dickerson - CFO Operator Ladies and gentlemen, welcome to the Twin Vee PowerCats Company Second Quarter 2024 Investor Call. As a reminder, this call is being recorded.

Twin Vee Powercats Co. (VEEE) Q2 2024 Earnings Call Transcript

Twin Vee PowerCats Co. Reports Second Quarter 2024 Results of Operations

FORT PIERCE, FL / ACCESSWIRE / August 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), manufactures Twin Vee PowerCats and AquaSport boats knows as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida today reported operational highlights and financial results for three months ended June 30, 2024. Highlights for three months ended June 30, 2024: (Unless otherwise noted, all comparisons are to the three months ended June 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segment, and "consolidated" refers to the consolidated results of Twin Vee PowerCats Co.) Twin Vee experienced a decline in demand for its products due to higher interest rates and slowing economic demand for recreational vehicles Proactive measures were taken to mitigate slowing demand challenges, including lowering production numbers, tightened financial controls, and a reduction in workforce.

Twin Vee PowerCats Co. Reports Second Quarter 2024 Results of Operations

VEEE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Twin Vee PowerCats Co. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Twin Vee PowerCats Co. (NASDAQ: VEEE) and Forza X1, Inc. is fair to Twin Vee shareholders. Upon closing of the proposed transaction, Twin Vee shareholders would beneficially own approximately 64% of the combined company. Halper Sadeh encourages Twin Vee shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763.

VEEE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Twin Vee PowerCats Co. Is Fair to Shareholders

Safe Staff, Safe Schools: School Support Staff Release Worker-Led Report on Violence in Nova Scotia Public Schools

HALIFAX-KJIPUKTUK, Nova Scotia--(BUSINESS WIRE)--Members of the Nova Scotia School Board Council of Unions will present “Safe Staff, Safe Schools: A worker-led review of violence in Nova Scotia's public schools,” a new report on the topic of violence in public schools, at a public press conference this Thursday. Following the launch of a new campaign focused on addressing the safety of staff and students in public schools across Nova Scotia, school support staff will speak to media on this issu.

Safe Staff, Safe Schools: School Support Staff Release Worker-Led Report on Violence in Nova Scotia Public Schools

Forza X1, Inc. Suspends Second Quarter 2024 Financial Results Call Due to Announcement of Merger Agreement with Twin Vee PowerCats Co.

Investors Encouraged to Attend Twin Vee's Earnings Call on August 14 at 4:00 pm EDT FORT PIERCE, FL / ACCESSWIRE / August 13, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats stated today that, in light of the Merger Agreement between Forza and Twin Vee PowerCats Co. (NASDAQ:VEEE) that was announced yesterday afternoon via 8-K, its conference call and audio webcast originally scheduled for Wednesday, August 14, 2024, at 2:00 p.m. (Eastern Time) will no longer be taking place.

Forza X1, Inc. Suspends Second Quarter 2024 Financial Results Call Due to Announcement of Merger Agreement with Twin Vee PowerCats Co.

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

FORT PIERCE, FL / ACCESSWIRE / August 12, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee") and Forza X1, Inc. (Nasdaq:FRZA) ("Forza"), today jointly announced that they have entered into a definitive merger agreement for an all-stock transaction pursuant to which Forza will merge with and into a wholly owned subsidiary and survive the merger. Under the terms of the merger agreement, each holder of Forza Common Stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee Common Stock (the "Exchange Ratio") in exchange for each share of Forza Common Stock that they own on the effective date of the merger for a maximum of 5,355,000 shares of Twin Vee Common Stock (no fractional shares will be issued) and the 7,000,000 shares of Forza Common Stock held by Twin Vee will be canceled.

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

FORT PIERCE, FL / ACCESSWIRE / August 12, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee") and Forza X1, Inc. (Nasdaq:FRZA) ("Forza") today jointly announced that they have entered into a definitive merger agreement for an all stock transaction pursuant to which Forza will merge with and into a wholly owned subsidiary and survive the merger. Under the terms of the merger agreement, each holder of Forza Common Stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee Common Stock (the "Exchange Ratio") in exchange for each share of Forza Common Stock that they own on the effective date of the merger for a maximum of 5,355,000 shares of Twin Vee Common Stock (no fractional shares will be issued) and the 7,000,000 shares of Forza Common Stock held by Twin Vee will be canceled.

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

Twin Vee PowerCats Co. Announces Second Quarter 2024 Earnings Call on August 14

FORT PIERCE, FL / ACCESSWIRE / August 7, 2024 / Twin Vee PowerCats, Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Wednesday, August 14, 2024, at 4:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the second quarter of 2024.

Twin Vee PowerCats Co. Announces Second Quarter 2024 Earnings Call on August 14

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