Financial Website Insider Monkey Names Mullen Automotive a Top Penny Stock to Buy in March
March 09 2022 - 5:00AM
via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, announces that a recently published article by
Insider Monkey has named $MULN a top penny stock with enormous
growth potential to invest in during the month of March 2022.
Founded in 2010, Insider Monkey is a finance website that uses a
proprietary strategy to identify the best stock picks from
exceptional hedge funds and insiders.
“Mullen has tremendous long-term growth potential, and I am glad
to see that being recognized,” said David Michery, CEO and chairman
of Mullen Automotive. “As mentioned in the article, our work in
solid-state EV battery development, with over 600 miles of range,
along with 120 technology patents in 24 countries are just a couple
among many reasons why folks should have MULN on their radar.”
The Insider Monkey list was curated based on stocks with
enormous growth potential in biotech, energy, cybersecurity and
other technology sectors. Upcoming growth catalysts, analyst
ratings and business fundamentals of each stock were taken into
consideration to identify the most exciting ones. The hedge fund
sentiment around each stock has been derived from Insider Monkey's
database of 924 elite hedge funds and was provided to give readers
better context for their investment choices. The full article is
available to read here.
Mullen has recently announced a string of key partnerships with
hofer powertrain, Comau, ARRK, Dürr and DSA Systems for EV
powertrain, engineering, manufacturing, vehicle production systems,
and Over the Air (OTA) and vehicle system diagnostics,
respectively. The Company expects these strategic developments to
play a crucial role in bringing the Mullen FIVE EV crossover to
market with the latest technology and in the least amount of time.
Mullen FIVE was named "Top Zero Emission SUV" as part of the ZEVA®
Awards at the Los Angeles International Auto Show in November 2021,
where it made its debut.
The FIVE is built on an EV crossover skateboard platform that
offers multiple powertrain configurations and trim levels in a
svelte design that is “Strikingly DifferentTM” and exciting to
experience in person. Learn more about the Mullen FIVE at
MullenUSA.com.
About MullenMullen is a Southern
California-based automotive company that owns and partners with
several synergistic businesses working toward the unified goal of
creating clean and scalable energy solutions. Mullen has evolved
over the past decade in sync with consumers and technology trends.
Today, the Company is working diligently to provide exciting EV
options built entirely in the United States and made to fit
perfectly into the American consumer’s life. Mullen strives to make
EVs more accessible than ever by building an end-to-end ecosystem
that takes care of all aspects of EV ownership.
Forward-Looking StatementsCertain statements in
this press release that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Exchange Act of 1934, as amended. Any statements
contained in this press release that are not statements of
historical fact may be deemed forward-looking statements. Words
such as "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "potential" and similar expressions are intended to
identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements, many of which are
generally outside the control of Mullen and are difficult
to predict. Examples of such risks and uncertainties include, but
are not limited to, whether the Company will achieve its objectives
of launching its EV crossover, the FIVE, within anticipated
timelines and, if so, whether the FIVE will be a success; and
whether the Company’s partnerships with ARRK, Dürr and DSA Systems
and Over the Air (OTA) will result in expediting the rollout of the
FIVE. Additional examples of such risks and uncertainties include,
but are not limited to: (i) Mullen’s ability (or
inability) to obtain additional financing in sufficient amounts or
on acceptable terms when needed; (ii) Mullen's ability to
maintain existing, and secure additional, contracts with
manufacturers and parts and other service providers relating to its
business; (iii) Mullen’s ability to successfully expand
in existing markets and enter new markets;
(iv) Mullen’s ability to successfully manage and
integrate any acquisitions of businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs
and actual or contingent liabilities; (vi) the ability to attract
and retain qualified employees and key personnel; (vii) adverse
effects of increased competition on Mullen’s business;
(viii) changes in government licensing and regulation that may
adversely affect Mullen’s business; (ix) the risk that
changes in consumer behavior could adversely
affect Mullen’s business; (x) Mullen’s ability to
protect its intellectual property; and (xi) local, industry and
general business and economic conditions. Additional factors that
could cause actual results to differ materially from those
expressed or implied in the forward-looking statements can be found
in the most recent annual report on Form 10-K, quarterly reports on
Form 10-Q and current reports on Form 8-K filed
by Mullen with the Securities and Exchange
Commission. Mullen anticipates that subsequent events and
developments may cause its plans, intentions and expectations to
change. Mullen assumes no obligation, and specifically
disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by law.
Forward-looking statements speak only as of the date they are made
and should not be relied upon as representing Mullen’s plans and
expectations as of any subsequent date.
Contact:Mullen Automotive, Inc.+1 (714)
613-1900www.MullenUSA.com
Wire Service Contact:InvestorWire (IW) Los Angeles,
Californiawww.InvestorWire.com212.418.1217
OfficeEditor@InvestorWire.com
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