Friday was yet another blood bath on Wall Street. By Friday afternoon, Dow fell 200 points to cap wild market week as investors brace for earnings ahead. Just a day before, Wall Street posting a historic turnaround rally as investors digested inflation expectations. Stocks fell to session lows after a consumer survey from the University of Michigan showed inflation expectations were increasing, sentiment that the Federal Reserve is likely watching closely. The tech-heavy Nasdaq led declines as growth companies are most sensitive to interest rate hikes. 10-year U.S. Treasury year topping 4% for the second time in two days as investors react to higher inflation expectations.
With high volatility and uncertainty gripping the markets there were some big winners on Wall Street. Imara Inc (NASDAQ:IMRA) shares surged more than 37% on Friday after the company announced merger to create Nasdaq-listed, clinical-stage biopharmaceutical company focused on advancing Enliven’s portfolio of precision oncology programs. Avenue Therapeutics Inc (NASDAQ: ATXI) gained more than 30% on Friday and traded at $3.23 after the company announced that Aegis Capital Corp. acted as Sole Bookrunner on a $12 Million Underwritten Public Offering for Avenue Therapeutics, Inc. (NASDAQ:ATXI).
One small cap company that we would like to draw your attention to is Hillcrest Energy Technologies Ltd. (HLRTF). Hillcrest Energy Technologies is a clean technology company developing high-value, high-performance power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. Hillcrest is publicly traded on the CSE under the symbol “HEAT,” on the OTCQB Venture Market as “HLRTF” (1).
On October 11, Hillcrest Energy Technologies announced that James Bolen has been appointed as Chief Commercialization Officer. Bolen has served as an advisor to Hillcrest for the past nine months and now transitions into his new role as the company’s Chief Commercialization Officer. He brings decades of experience developing and commercializing products for the automotive and industrial power sectors.
So what makes HLRTF a potential, attractive candidate for traders and investors?
As per Mr. Bolen “Hillcrest is making strong advancements in the commercialization of its innovations, consistent with our technology and product development roadmap,” . “Most critically, the development program is centered around a high level of customer intimacy to ensure strong customer requirements and product specifications, followed by application-specific customization. I’m thrilled to be taking on this new role within the Hillcrest team and look forward to my expanded involvement in engaging and securing commercialization partners.”
The seconds reason why HLRTF could garner attention from traders and investors is the progress on the company’s first commercial prototype, a 250kW, 800V ZVS (Zero Voltage Switching) electric vehicle inverter, continues on schedule. Many of the major challenges have been solved and the focus now shifts toward the final high-power specifications identified by potential customers. Delivery of the Hillcrest ZVS inverter commercial prototype remains on track for Q4 2022. Further, Hillcrest has granted incentive stock options to certain employees, officers and consultants of the company to purchase up to 1,433,333 common shares in the capital of the Company, pursuant to the share option plan. The options are exercisable on or before October 7, 2027, at an exercise price of $0.15 per share and are subject to various vesting criteria (1)
In addition, HLRTF also announced a non-brokered private placement and a temporary warrant exercise program. Hillcrest’s non-brokered private placement consists of up to 20,000,000 units of the company (“Units”) at a price of CDN $0.12 per Unit (“Offering”). Each Unit consists of 1.2 common shares.
Click here to read why HLRTF is an intriguing development stage EV play
As always, conduct your own due diligence and follow trader’s vigilance. Some of the other companies in the Clean Tech sector to keep an eye on include Sunrun (NASDAQ:RUN), SES AI (NYSE:SES), ABB (NYSE:ABB), Atkore (NYSE:ATKR), FuelCell Energy (NASDAQ:FCEL) and Vicor (NASDAQ:VICR).
Source 1: https://finance.yahoo.com/news/hillcrest-appoints-james-bolen-chief-120000147.html
Source 2: https://finance.yahoo.com/news/hlrtf-intriguing-development-stage-ev-100000938.html
Click HERE To Receive Alert on Hot Stocks of the Day
Disclaimer: InvestorBrandMedia is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are commercial advertisements and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available in this article is not intended to be, nor does it constitute investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report, and publication. In no event shall InvestorBrandMedia be liable to any member, guest, or third party for any damages of any kind arising out of the use of any content or other material published or made available by InvestorBrandMedia ., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. InvestorBrandMedia.com strongly urges you to conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, Investor Brand Media, its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. As part of that content, readers, subscribers, and website viewers are expected to read the full disclaimers and financial disclosures statement that can be found on our website by visiting InvestorBrandMedia.com/Disclaimer. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quotes; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled. InvestorBrandMedia has been compensated one thousand three hundred dollars by a 3rd party Bullyzeye Media LLC for content, research, dissemination, and syndication pertaining to HLRTF for 10/17/2022. We own zero shares of HLRTF
Company Name: Investor Brand Media
Contact Person: Ash K
Country: United States