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0 0.000493339911198893 0.00123334977799715 0.00518006906758759 0.000863344844598019 -0.00493339911198805 -0.00320670942279219 -0.00764676862358153
Stock impact report

Electric charging gets more juice as Soros Fund Management makes a bet on Amply Power [TechCrunch Blog]

Hawaiian Electric Industries, Inc. (HE) 
Last hawaiian electric industries, inc. earnings: 11/1 06:00 am Check Earnings Report
US:NYSE Investor Relations: hei.com/corporateprofile
Company Research Source: TechCrunch Blog
Even as oil companies are getting crushed by the collapse of demand for energy in the wake of international shutdowns responding to the global pandemic, investors representing one of the world’s savviest financiers are placing a small bet on electric charging as the future of transportation.Soros Fund Management,SiemensAmply Power“To be quite honest I never would have thought in a million years that Soros would jump into our industry so early in its development,” said Vic Shao, Amply’s founder, chairman and chief executive.And despite the collapse in fossil fuel energy prices, Shao said that Amply’s value proposition still makes sense.“Raw electric energy is half the price on average as fossil fuels,” Shao said. “As economics go by, solar will continue to get cheaper and wind too. The lowest price of extracting a barrel of oil right now is $20… and then you need to add processing and distilling.”Shao is the former chief executive of Green Charge, a distributed energy storage company a Show less Read more
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