Carbon Revolution
CREV
Market cap $8.43M

4.47 USD

-0.02

0.45%

At close Oct 4, 4:00 PM EDT

After hours

4.30

-0.17

3.8%

1 day

-0.45%

5 days

-4.89%

1 month

-18.87%

3 months

-29.83%

6 months

-73.94%

Year to date

-81.46%

1 year

-84.75%

5 years

-84.75%

About: Carbon Revolution PLC is an Australian-based technology company manufacturing carbon fiber wheels. It is an OEM supplier and a world-wide manufacturer of lightweight technology carbon fibre wheels to the automotive industry. The Company supplies wheels to OEMs across the globe for luxury and high-performance vehicles and SUVs, and is developing wheels for electric vehicles under contract for its OEM customers. The company generates maximum revenue Internationally.

Employees: 449

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

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

100% more funds holding

Funds holding: 1 [Q1] → 2 (+1) [Q2]

0.14% less ownership

Funds ownership: 1.12% [Q1] → 0.98% (-0.14%) [Q2]

62% less capital invested

Capital invested by funds: $346K [Q1] → $130K (-$216K) [Q2]

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 1

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Research analyst outlook

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

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Financial journalist opinion

Carbon Revolution Secures Further Release of $5 Million from OIC as Company Launches Key Programs

GEELONG, Australia, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that OIC has released an incremental US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, $30 million has been released.

Carbon Revolution Secures Further Release of $5 Million from OIC as Company Launches Key Programs

Carbon Revolution Supplies Carbon Fiber Wheels For Range Rover Sport SV Edition Two

Pioneering 23‑inch Carbon Fiber Wheel Option Contributes To 76kg Total Weight Saving, Minimizing Unsprung Mass, Improving Handling, Acceleration And Ride Quality Pioneering 23‑inch Carbon Fiber Wheel Option Contributes To 76kg Total Weight Saving, Minimizing Unsprung Mass, Improving Handling, Acceleration And Ride Quality

Carbon Revolution Supplies Carbon Fiber Wheels For Range Rover Sport SV Edition Two

Carbon Revolution Secures Further Release of $5 Million from OIC as Company Launches Key Program

GEELONG, Australia, July 30, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that OIC has released an incremental US$5 million of the escrowed US$35 million facility early, of which, as a result of this most recent release, $25 million has been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding.

Carbon Revolution Secures Further Release of $5 Million from OIC as Company Launches Key Program

CREV Stock Pops as Carbon Revolution Snags Chevrolet Supply Deal

Automotive parts specialist Carbon Revolution (NASDAQ: CREV ) – which focuses on manufacturing carbon fiber ( CF ) wheels for vehicle manufacturers – saw its shares pop dramatically higher on Friday. Last night, the company revealed that it will supply the CF wheels available on the upcoming (and just revealed) Chevrolet Corvette ZR1.

CREV Stock Pops as Carbon Revolution Snags Chevrolet Supply Deal

Carbon Revolution Supplies Carbon Fiber Wheels For Chevrolet Corvette ZR1

GEELONG, Australia, July 25, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1. “It has been a great honor to work with General Motors (GM) again.

Carbon Revolution Supplies Carbon Fiber Wheels For Chevrolet Corvette ZR1

Carbon Revolution Secures Further Release of $5 Million from OIC as Company Hits Financing Milestones

GEELONG, Australia, July 11, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has satisfied certain reserve release conditions and received US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, $20 million has been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding.

Carbon Revolution Secures Further Release of $5 Million from OIC as Company Hits Financing Milestones

Carbon Revolution Secures $25 Million Financing Agreement with OIC to Fund Growth

GEELONG, Australia, June 24, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for the early release of a further US$25 million in five tranches, each equal to US$5 million, subject to satisfying certain reserve release conditions. In connection with the release of each of the five tranches of US$5 million from escrow, the Company will issue to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding.

Carbon Revolution Secures $25 Million Financing Agreement with OIC to Fund Growth

Carbon Revolution Appoints Industry Veteran Alia Comai as Chief Revenue Officer to Lead the Sales and Strategic Partnerships

GEELONG, Australia, June 04, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is proud to announce the appointment of Alia Comai as Chief Revenue Officer, to lead the Company's sales organization and continue developing global strategic partnerships. Comai brings over 25 years of extensive experience in the automotive sector, where she has held several pivotal leadership roles across product development, manufacturing, international business operations, program management, quality and sales.

Carbon Revolution Appoints Industry Veteran Alia Comai as Chief Revenue Officer to Lead the Sales and Strategic Partnerships

Carbon Revolution Secures Further Release of $5 Million from OIC and is in Ongoing Negotiations with OIC for Further Releases

GEELONG, Australia, May 24, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for the early release of a further US$5 million from the remaining US$30 million in escrow, by way of issuance of secured debt under modifications which have been agreed with existing financiers. After giving effect to the net proceeds of the US$5M release, the Company has approximately US$6.1M of unrestricted cash1 and US$4.9M in restricted Trust fund related to the PIUS agreement on the balance sheet.

Carbon Revolution Secures Further Release of $5 Million from OIC and is in Ongoing Negotiations with OIC for Further Releases

Carbon Revolution Wins Automotive News PACE Awards

GEELONG, Australia, April 30, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, achieved dual recognition at the recent PACE Automotive News awards ceremony held on April 29, winning two significant awards. The Company was honored with the prestigious 2024 Automotive News PACE Award, which recognizes automotive suppliers for superior innovation, technological advancement, and business performance.

Carbon Revolution Wins Automotive News PACE Awards

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