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Phoenix Motor Announces Board Approval of $5 Million Share Repurchase Program

1. Phoenix Motor (PEV) announced a $5 million share repurchase program. 2. CEO believes share price undervalues the company's long-term prospects.

Shares Buyback
-15.11%Current Return
VS
-0.77%S&P 500
$0.58503/25 06:15 AM EDTEvent Start
$0.496603/26 01:04 PM EDTLatest Updated
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FAQ

Why Bullish?

Share repurchase signals confidence from management, often leading to stock price appreciation. Historical examples show that buyback programs frequently positively impact share prices as they indicate undervaluation and can reduce share count, enhancing EPS.

How important is it?

The buyback program is significant for shareholder value and reflects management's positive outlook, which may attract investor interest. Effective buybacks can enhance stock performance, making this news particularly relevant for PEV investors.

Why Short Term?

Share buybacks can cause immediate upward pressure on stock prices as demand increases. The short-term market reaction could be significant, though long-term impacts will depend on broader operational performance and market conditions.

Related Companies

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ANAHEIM, CA / ACCESS Newswire / March 25, 2025 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $5 million of its outstanding common stock. "We believe that our current share price does not fully reflect the underlying value and long-term prospects of Phoenix Motor," said Denton Peng, CEO of Phoenix Motor.

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