Hertz Global Holdings, Inc. (HTZGQ) has disclosed a new risk, in the Natural and Human Disruptions category.
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Hertz Global Holdings, Inc. faces significant risks associated with its electric vehicle (EV) fleet, despite a strategic shift away from prioritizing electrification. These risks include price volatility of new EVs, customer demand influenced by perceptions of EV reliability and infrastructure, and challenges in maintaining and repairing EVs due to a maturing market for parts and skilled labor. Furthermore, the potential for regulatory changes, the termination of ride share partnerships, and the evolving economic landscape of EVs pose additional uncertainties. If Hertz cannot effectively manage these risks, it may adversely impact its financial performance and hinder its ability to capitalize on EV-related opportunities.
Overall, Wall Street has a Hold consensus rating on HTZGQ stock based on 1 Hold.
To learn more about Hertz Global Holdings, Inc.’s risk factors, click here.
