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HERTZ GLOBAL HOLDINGS, INC.

(HTZ)
  Report
Delayed Nasdaq  -  04:00 2022-12-01 pm EST
17.08 USD   -0.70%
11/17Transcript : Hertz Global Holdings, Inc. Presents at Deutsche Bank Gaming, Lodging, Leisure & Restaurant One on One Conference, Nov-17-2022 12:10 PM
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11/09Hertz Global Holdings Bondholders Intend to Appeal Decision to Block $224 Million Fee
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11/01Morgan Stanley Adjusts Hertz Global Price Target to $20 From $19, Maintains Equal Weight Rating
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Hertz, BP Ink North American EV Charging Deal

09/27/2022 | 05:36am EST

By Will Feuer


Car-rental company Hertz Global Holdings Inc. and energy firm BP PLC said they have signed a deal to develop and manage a network of electric-vehicle charging stations across North America.

BP Pulse, which is BP's EV charging business, would power and manage Hertz's charging infrastructure under the memorandum of understanding, the companies said. The charging infrastructure will be open to taxi and ride-sharing drivers, as well as the general public, the companies said.

Hertz, which has inked deals to buy cars from Tesla Inc., Polestar and General Motors Co., said it has tens of thousands of EVs available at 500 locations across 38 states. Its goal is for one-quarter of its fleet to be electric by the end of 2024, Hertz said.

The company said it already has invested in thousands of EV charging stations across its locations. The deal with BP will help expand its charging footprint.

Demand for electric cars has surged in recent years, but charging infrastructure across the U.S. has failed to keep pace, prompting some complaints of challenges in using electric cars, particularly on long, inter-state trips.

Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

09-27-22 0736ET

Stocks mentioned in the article
ChangeLast1st jan.
BP PLC -1.62% 489.45 Delayed Quote.48.09%
GENERAL MOTORS COMPANY -0.10% 40.43 Delayed Quote.-30.82%
HERTZ GLOBAL HOLDINGS, INC. -0.70% 17.08 Delayed Quote.-31.17%
POLESTAR AUTOMOTIVE HOLDING UK PLC -4.97% 7.07 Delayed Quote.-39.57%
TESLA, INC. 0.00% 194.7 Delayed Quote.-44.73%
WTI 0.23% 81.508 Delayed Quote.4.48%
All news about HERTZ GLOBAL HOLDINGS, INC.
11/17Transcript : Hertz Global Holdings, Inc. Presents at Deutsche Bank Gaming, Lo..
CI
11/09Hertz Global Holdings Bondholders Intend to Appeal Decision to Block $224 Million Fee
MT
11/01Morgan Stanley Adjusts Hertz Global Price Target to $20 From $19, Maintains Equal Weigh..
MT
10/27Global markets live: Boeing, Credit Suisse, Daimler, Ford, Unilever...
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10/27Hertz Global Holdings Posts Lower Q3 Adjusted Earnings, Higher Revenue
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10/27Tech stocks lose their mojo
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10/27Transcript : Hertz Global Holdings, Inc., Q3 2022 Earnings Call, Oct 27, 2022
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10/27Earnings Flash (HTZ) HERTZ GLOBAL HOLDINGS Reports Q3 Revenue $2.50B, vs. Street Est of..
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10/27Earnings Flash (HTZ) HERTZ GLOBAL HOLDINGS Reports Q3 EPS $1.08, vs. Street Est of $1.0..
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10/27Hertz quarterly revenue jumps 12% on car rental demand
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Analyst Recommendations on HERTZ GLOBAL HOLDINGS, INC.
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Financials (USD)
Sales 2022 8 730 M - -
Net income 2022 2 119 M - -
Net Debt 2022 11 743 M - -
P/E ratio 2022 3,34x
Yield 2022 -
Capitalization 5 744 M 5 744 M -
EV / Sales 2022 2,00x
EV / Sales 2023 2,11x
Nbr of Employees 23 000
Free-Float 70,2%
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Technical analysis trends HERTZ GLOBAL HOLDINGS, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 17,20 $
Average target price 26,60 $
Spread / Average Target 54,7%
EPS Revisions
Managers and Directors
Stephen M. Scherr Chief Executive Officer & Director
Paul E. Stone President & Chief Operating Officer
Kenny K. Cheung Chief Financial Officer & Executive Vice President
Michael Gregory OĺHara Chairman
Tim M. Langley-Hawthorne Chief Information Officer & Executive VP
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