Canoo Joins Watchlist Flashing Red

Summary:

  • Canoo’s poor balance sheet, heavy losses, and unsustainable cash burn have materially clouded its future outlook.
  • The company is heavily dependent on dilution to plug a liquidity gap that remains wide.
  • Bears face some risk if consecutive rate cuts spark a revival of positive investor sentiment.

Black German car drives out of the city while night on illuminated street.

Emanuel M Schwermer/DigitalVision via Getty Images

Canoo Inc. (NASDAQ:GOEV) has staged a rally hot off the heels of its reverse stock split, which I flagged in my last article on the company as a reason to


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