Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Event-Driven

Faraday Future Intelligent Ele / Event-Driven

<ul>
<li>Faraday Future to spin-off its “Crypto Flywheel” / C10 Treasury assets into a separate entity (CXC10), enabling independent fundraising and clearer strategic focus.</li>
<li>Post separation, Faraday Future remains an EV story, focused on vehicle development, production milestones, and shared mobility initiatives.</li>
<li>The separation of the volatile, high-risk crypto assets from the EV business will reduce investor confusion and may uplift valuation by removing any conglomerate discount.</li>
</ul>


Faraday Future to spin-off its “Crypto Flywheel” / C10 Treasury assets into a separate entity (CXC10), enabling independent fundraising and clearer strategic focus.
Post separation, Faraday Future remains an EV story, focused on vehicle development, production milestones, and shared mobility initiatives.
The separation of the volatile, high-risk crypto assets from the EV business will reduce investor confusion and may uplift valuation by removing any conglomerate discount.


Faraday Future to Spin Off Crypto Assets into a Standalone Company “CXC10”

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Equity Bottom-Up

<ul><li>The WTR Sustainable Index was up 3.5% W/W versus the S&amp;P 500 Index (up 1.4%), the Russell 2000 Index (up 3.6%) and the Nasdaq Index (up 1.1%).</li><li>Energy Technology (13.9% of the index) was up 4.2%, while Industrial Climate and Ag Technology (46.1% of the index) was up 3.3%, ClimateTech Mining was up 1.7%, and Advanced Transportation Solutions (20.5% of index) was up 5.3%.</li><li>Top 10 Performers: SUNW, MAXN, ELBM, REVV, EVTV, FFIE, LCID, STEM, NOVA, LNZA</li></ul>

The WTR Sustainable Index was up 3.5% W/W versus the S&amp;P 500 Index (up 1.4%), the Russell 2000 Index (up 3.6%) and the Nasdaq Index (up 1.1%).Energy Technology (13.9% of the index) was up 4.2%, while Industrial Climate and Ag Technology (46.1% of the index) was up 3.3%, ClimateTech Mining was up 1.7%, and Advanced Transportation Solutions (20.5% of index) was up 5.3%.Top 10 Performers: SUNW, MAXN, ELBM, REVV, EVTV, FFIE, LCID, STEM, NOVA, LNZA

Sustainable Investing Surveyor - Focus on Aemetis, Inc. (AMTX)

Pioneer Power Solutions  / Equity Bottom-Up

<ul><li>The WTR Sustainable Index was down 0.7% W/W versus the S&amp;P 500 Index (down 0.1%), the Russell 2000 Index (up 1.3%), and the Nasdaq Index (down 0.1%).</li><li>Energy Technology (14.2% of the index) was down by 2.7%, while Industrial Climate and Ag Technology (60.5% of the index) was down 0.4%, ClimateTech Mining was down 6.2%, and Advanced Transportation Solutions (19.7% of index) was down 0.2%.</li><li>Top 10 Performers: HLGN, OPTT, EOSE, ARVL, LTBR, NVVE, EGT, ENVX, FFIE, LICY</li></ul>

The WTR Sustainable Index was down 0.7% W/W versus the S&amp;P 500 Index (down 0.1%), the Russell 2000 Index (up 1.3%), and the Nasdaq Index (down 0.1%).Energy Technology (14.2% of the index) was down by 2.7%, while Industrial Climate and Ag Technology (60.5% of the index) was down 0.4%, ClimateTech Mining was down 6.2%, and Advanced Transportation Solutions (19.7% of index) was down 0.2%.Top 10 Performers: HLGN, OPTT, EOSE, ARVL, LTBR, NVVE, EGT, ENVX, FFIE, LICY

Sustainable Investing Surveyor - Focus on Pioneer Power Solutions, Inc. (PPSI) July 2, 2024

Global Automotive Stocks/EV Focus/Event Driven, SC Capital

SC Capital

Global Automotive Stocks/EV Focus/Event Driven

Over 22 years covering Japanese equities on both the sell side and the buy side. 

Bottom-up Japan Equities Research

Faraday Future Intelligent Ele / Equity Bottom-Up

<ul>
<li>Faraday Future (FF) saw a Q2 net loss of $142m &amp; cash fell by 56% QoQ to $121m. As of Aug-9th, cash sunk another 59% to $52m.</li>
<li>FF's recently lined up financing provides $52m, but comes in stages through late October, which could hinder its Q4 new flagship EV launch.</li>
<li>Risk statements regarding the launch of its new EV raise concerns about supplier relationships and marketing capabilities even if its first EV is launched in Q4. </li>
</ul>


Faraday Future (FF) saw a Q2 net loss of $142m &amp; cash fell by 56% QoQ to $121m. As of Aug-9th, cash sunk another 59% to $52m.
FF's recently lined up financing provides $52m, but comes in stages through late October, which could hinder its Q4 new flagship EV launch.
Risk statements regarding the launch of its new EV raise concerns about supplier relationships and marketing capabilities even if its first EV is launched in Q4. 


Faraday Future's Weak Q2 Results & Cash Risks Ahead of New EV Launch

<ul>
<li>Faraday Future (FF) released an 8-K today saying they raised $52m and could see as much as $600m after 90 days.</li>
<li>The 90-day lead time is obviously based on whether FF can survive. The company originally said it needed $200m to make it through the Q4 launch of its first EV.</li>
<li>FF said it only had $52m in cash as of August 9th versus $233m on April 30th. With new funding, FF has 7.4 weeks of money at current cash-burn rates.</li>
</ul>


Faraday Future (FF) released an 8-K today saying they raised $52m and could see as much as $600m after 90 days.
The 90-day lead time is obviously based on whether FF can survive. The company originally said it needed $200m to make it through the Q4 launch of its first EV.
FF said it only had $52m in cash as of August 9th versus $233m on April 30th. With new funding, FF has 7.4 weeks of money at current cash-burn rates.


Faraday Future Raised $52m or 1/4 of Needed Funds

United States

Faraday Future Intelligent Electric Inc. operates as a mobility ecosystem company. The Company develops mobility ecosystem that integrates clean energy, AI, internet, and usership models. Faraday Future Intelligent Electric serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Faraday Future Intelligent Ele (FFIE US)

Faraday Future to Spin Off Crypto Assets into a Standalone Company “CXC10”

Faraday Future to separate "Crypto Flywheel" assets into new entity CXC10. Parent will continue to operate its core EV and mobility ecosystem.

GSBR Research

Sustainable Investing Surveyor - Focus on Aemetis, Inc. (AMTX)

The WTR Sustainable Index was up 3.5% W/W versus the S&P 500 Index (up 1.4%), the Russell 2000 Index (up 3.6%) and the Nasdaq Index (up 1.1%).

Water Tower Research

Sustainable Investing Surveyor - Focus on Pioneer Power Solutions, Inc. (PPSI) July 2, 2024

The WTR Sustainable Index was down 0.7% W/W versus the S&P 500 Index (down 0.1%), the Russell 2000 Index (up 1.3%), and the Nasdaq Index (down 0.1%).

Water Tower Research

Faraday Future's Weak Q2 Results & Cash Risks Ahead of New EV Launch

Faraday's Q2 results show higher cash burn and new warnings about parts supply problems due to late payments and stricter sales terms. New funding...

SC Capital

Faraday Future Raised $52m or 1/4 of Needed Funds

Faraday Future raises only $52m despite having said they need $200m to get them through the Q4 launch of their first EV. This has been marketed...

SC Capital

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Faraday Future to Spin Off Crypto Assets into a Standalone Company “CXC10”

​Faraday Future to separate "Crypto Flywheel" assets into new entity CXC10. Parent will continue to operate its core EV and mobility ecosystem.

GSBR Research

Sustainable Investing Surveyor - Focus on Aemetis, Inc. (AMTX)

The WTR Sustainable Index was up 3.5% W/W versus the S&P 500 Index (up 1.4%), the Russell 2000 Index (up 3.6%) and the Nasdaq Index (up 1.1%).

Water Tower Research

Sustainable Investing Surveyor - Focus on Pioneer Power Solutions, Inc. (PPSI) July 2, 2024

The WTR Sustainable Index was down 0.7% W/W versus the S&P 500 Index (down 0.1%), the Russell 2000 Index (up 1.3%), and the Nasdaq Index (down 0.1%).

Water Tower Research

Faraday Future's Weak Q2 Results & Cash Risks Ahead of New EV Launch

Faraday's Q2 results show higher cash burn and new warnings about parts supply problems due to late payments and stricter sales terms. New funding...

SC Capital

Faraday Future Raised $52m or 1/4 of Needed Funds

Faraday Future raises only $52m despite having said they need $200m to get them through the Q4 launch of their first EV. This has been marketed...

SC Capital

Faraday Future to separate "Crypto Flywheel" assets into new entity CXC10. Parent will continue to operate its core EV and mobility ecosystem.