Small Cap Gainers: ZEV, HRMY, TMST
3:37 pm Tuesday, August 10th, 2021
Lightning Emotors Inc (NYSE:ZEV) soared 79%. Investors are responding positively to Lightning eMotors and Forest River (a Berkshire Hathaway company) announcing they have entered into a strategic partnership agreement to deploy up to 7,500 zero-emission shuttle buses. The agreement — with a potential estimated value of up to $850 million — calls for Lightning eMotors to build fully electric powertrains and provide charging products, and services for Forest River over the next 4.5 years.
Lightning eMotors are going to manufacture the zero-emission-vehicle (ZEV) powertrain systems at their 231,000 square foot facility in Loveland, Colorado and ship the powertrains to Forest River’s factory in Goshen, Indiana for final assembly of the Class 4 and 5 all-electric passenger buses.
Harmony Biosciences Holdings Inc (NASDAQ:HRMY) surged 12%. Harmony Biosciences Holdings, Inc. (“Harmony”) (Nasdaq: HRMY), a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients with rare neurological diseases, and Blackstone (NYSE: BX) today announced that they have entered into a strategic financing collaboration where funds managed by Blackstone have agreed to provide Harmony with up to $330 million of financing and growth capital.
Timkensteel Corp (NYSE:TMST) gained 12%. TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, today announced it will increase base pricing on all special bar quality (SBQ) products by $60 per ton. This increase is effective for shipments beginning September 6, 2021.
The company also announced it will increase prices on all carbon and alloy seamless mechanical tubing (SMT) products by $60 per ton. SMT increases are effective for shipments beginning January 3, 2022.
