Nasdaq: IDEX- Ideanomics Inc.

Roth Capital Partners’ Buy Rating and Price Target of $7


https://www.marketbeat.com/stocks/NASDAQ/IDEX/price-target/

 

If analysts at Roth Capital are correct, there could be much more upside based on their target. Roth currently has a Buy rating on Ideanomics and gave it a $7 target earlier this quarter. Based on the recent $3 level, that would equate to a move of more than 130%. Whether or not it actually reaches those levels is to be seen. The current 52-week high sits at $5.53, which is also its all-time high.

 

Ideanomics (Nasdaq-IDEX) WAVE Installs 250 MW Wireless Charging System



Ideanomics (NASDAQ: IDEX) announced its subsidiary WAVE, a leading developer of high-power inductive charging solutions for medium and heavy-duty vehicles, has completed another transit authority deployment, adding the Twin Transit Authority (TTA) in Chehalis, Washington to its growing list of transit fleet customers. TTA has adopted and completed installation of WAVE's 250-kilowatt high-power wireless charging system to help achieve their zero-emission goals.


One of the most significant barriers mass transit agencies face in the move to zero-emission electric vehicles is matching the typical driving range of diesel buses. WAVE's automated, cable-free system will be deployed in route to extend the range of TTA's first two battery-electric buses, representing a big leap forward in the agency's goal to make its entire 20 vehicle fleet carbon-neutral by 2030.


"Our organization sees this technology as a critical component of the future of electric bus operations, and we were determined to join forces with a company that was both easy to work with and had successful models of implementation" explained Twin Transit's Executive Director Joe Clark. "WAVE's inductive charging was by far the most efficient and effective solution, and the easiest for our drivers to operate. Perhaps most importantly, WAVE was willing to be a strategic, long-term partner."




https://investors.ideanomics.com/20...win-Transit-Authority-in-Chehalis,-Washington

 

Trades up as it moves on to the Russell 3000 Index.

Many expect Ideanomics (Nasdaq- IDEX) now positioned on the Russell 3000 will open a wider inflow of investments from various worldwide funds to hold long positions.

Membership in the Russell 3000 ® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

 

NEWS - Ideanomics to Join Russell 3000® Index

https://investors.ideanomics.com/2021-06-10-Ideanomics-Set-to-Join-Russell-3000-R-Index

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $ 10.6 trillion in assets are benchmarked against Russell's US indexes.

 

NEWS - Receives Orders for a Fleet of all-Electric Street Sweepers

https://investors.ideanomics.com/20...tes-Acquisition-of-US-Hybrid,-Announces-Order

 

Many are investing $IDEX - Ideanomics Inc. = Growth Company

 

Ideanomics Inc. = Growth Company and $IDEX will Join Russell 3000® Index Effective June 28

The Russell 3000 index are reconstituted once a year on the last Friday in June. At this time, all eligible securities are ranked by their current market capitalization. Membership in the Russell 3000 ® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $ 10.6 trillion in assets are benchmarked against Russell's US indexes.

Now we know why many are investing in Ideanomics including the Wall St funds.