Hertz Global Explores Financing Options Following ...

Hertz Global is actively exploring options to raise financing just weeks after its new CEO pledged to steer the company back on track following a failed investment in electric vehicles, Bloomberg News reported, citing sources familiar with the matter.

Stock Movement

Shares of Hertz Global rose 4.1% in after-hours trading following the news. This comes after the company experienced a record low in April due to reporting a larger-than-expected quarterly loss.

Strategic Steps

Financial Advisers: Hertz is working with financial advisers to evaluate its financing options. This move is part of a broader effort to stabilize and improve the company's financial health.
CEO's Commitment: The new CEO's recent commitment to revitalize Hertz highlights a strategic shift in the company's approach after setbacks with its electric vehicle investments.

Company Response

Hertz did not immediately respond to a request for comment from Reuters regarding the report.

Market Outlook

The financial markets have shown a positive response to Hertz's proactive steps towards financial stabilization, as indicated by the rise in share prices.

CTA: For real-time financial data, earnings reports, and insights into companies like Hertz Global, visit https://site.financialmodelingprep.com/developer/docs. Leverage our API for comprehensive financial analysis and stay ahead in the market.

FCFF vs FCFE: What's the Difference?

Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

Hertz Global is actively exploring options to raise financing just weeks after its new CEO pledged to steer the company back on track following a failed investm

Hertz Global Explores Financing Options Following CEO's Commitment to Turnaround

Image credit: Luca Merz