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Horizon Space Acquisition I Corp. Ordinary Shares (HSPO)
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Upturn Advisory Summary
01/09/2026: HSPO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 11.85% | Avg. Invested days 137 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 49.98M USD | Price to earnings Ratio 59.95 | 1Y Target Price - |
Price to earnings Ratio 59.95 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta -0.01 | 52 Weeks Range 11.02 - 15.12 | Updated Date 06/30/2025 |
52 Weeks Range 11.02 - 15.12 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.2 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -1.62% | Return on Equity (TTM) - |
Valuation
Trailing PE 59.95 | Forward PE - | Enterprise Value 52364060 | Price to Sales(TTM) - |
Enterprise Value 52364060 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -167.97 | Shares Outstanding 4168740 | Shares Floating 1680252 |
Shares Outstanding 4168740 | Shares Floating 1680252 | ||
Percent Insiders 50.63 | Percent Institutions 46.2 |
Upturn AI SWOT
Horizon Space Acquisition I Corp. Ordinary Shares
Company Overview
History and Background
Horizon Space Acquisition I Corp. (HSV) was a special purpose acquisition company (SPAC) formed in 2021. SPACs are shell companies that raise capital through an IPO to acquire an existing private company. Horizon Space Acquisition I Corp. Ordinary Shares were traded on the NASDAQ under the ticker symbol HSV. The company's primary purpose was to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. As of late 2023, Horizon Space Acquisition I Corp. announced its merger with Enode Inc., a company focused on providing a platform for electric vehicle charging. This merger is a significant milestone in the company's evolution, transitioning from a SPAC to an operational entity.
Core Business Areas
- Special Purpose Acquisition Company (SPAC): As a SPAC, its initial core business was to identify and merge with a target company. This involved fundraising through an Initial Public Offering (IPO) and then executing a business combination within a specified timeframe.
- Post-Merger Operations (Enode Inc.): Following the announced merger with Enode Inc., the core business will shift to operating as Enode, a company that provides a unified API for electric vehicle (EV) charging infrastructure. This involves managing and integrating various EV charging hardware and software systems.
Leadership and Structure
As a SPAC, the leadership typically consists of a management team with experience in finance, mergers and acquisitions, and the target industry. Specific details on the current leadership team of Horizon Space Acquisition I Corp. post-merger with Enode Inc. would refer to Enode's leadership. Enode Inc.'s leadership team typically includes a CEO, CTO, and other executive roles responsible for product development, operations, and strategy in the EV charging sector.
Top Products and Market Share
Key Offerings
- Description: A unified API that connects and manages various electric vehicle charging hardware and software systems. This allows for seamless integration of charging services for businesses and consumers. Competitors include companies like ChargePoint, EVBox, and various software providers offering fleet management and charging optimization solutions.
- Product Name 1: EV Charging API Platform (Enode)
Market Dynamics
Industry Overview
The electric vehicle charging industry is experiencing rapid growth driven by increasing EV adoption, government incentives, and technological advancements. The market is characterized by a complex ecosystem of hardware manufacturers, software providers, network operators, and energy utilities. Key trends include the development of faster charging technologies, smart charging solutions, and the expansion of public and private charging infrastructure.
Positioning
As Enode Inc., Horizon Space Acquisition I Corp. aims to position itself as a crucial enabler of the EV charging ecosystem through its interoperable API platform. This positions them to benefit from the overall growth of EV charging by facilitating easier integration and management for various stakeholders. Their competitive advantage lies in their focus on software and platform solutions that can bridge the gap between disparate charging technologies.
Total Addressable Market (TAM)
The global EV charging market is projected to grow significantly in the coming years, with TAM estimates varying but generally in the hundreds of billions of dollars. As Enode Inc., Horizon Space Acquisition I Corp. is positioned to capture a portion of this TAM by providing the essential software layer that enables interoperability and scalability within the charging infrastructure. Their success will depend on their ability to secure partnerships and widespread adoption of their API by charging providers and vehicle manufacturers.
Upturn SWOT Analysis
Strengths
- Experienced SPAC management team with a track record in capital markets.
- Focus on a high-growth sector (EV charging infrastructure).
- Potential for synergistic integration with Enode's existing technology and customer base.
- API-first approach promotes interoperability and scalability.
Weaknesses
- As a SPAC, a history of operational business is limited prior to merger.
- Dependence on the successful integration and performance of Enode Inc.
- Competitive landscape with established players and new entrants.
- Regulatory uncertainties and evolving standards in the EV charging industry.
Opportunities
- Expanding EV adoption globally.
- Government incentives and policies supporting EV infrastructure development.
- Partnerships with major automotive manufacturers and charging network operators.
- Advancements in charging technology (e.g., faster charging, V2G).
- International market expansion.
Threats
- Intensifying competition from existing and new players.
- Technological obsolescence of charging solutions.
- Supply chain disruptions for charging hardware components.
- Changes in government regulations and subsidy programs.
- Economic downturns impacting consumer spending on EVs and charging.
Competitors and Market Share
Key Competitors
- ChargePoint Holdings, Inc. (CHPT)
- EVgo Inc. (EVGO)
- Beam Global (BEEM)
- Wallbox N.V. (WBX)
- ABB Ltd (ABB)
Competitive Landscape
Horizon Space Acquisition I Corp., through its merger with Enode, will enter a competitive landscape dominated by established players like ChargePoint and EVgo, as well as companies like ABB providing hardware solutions. Enode's competitive advantage will likely stem from its software-centric, API-driven approach to interoperability, aiming to simplify the complex EV charging ecosystem rather than solely focusing on hardware manufacturing or network operation. Their ability to forge strategic partnerships will be critical.
Growth Trajectory and Initiatives
Historical Growth: Historically, the growth trajectory of Horizon Space Acquisition I Corp. was defined by its fundraising success during its IPO and its progress in identifying and negotiating a merger. Post-merger with Enode Inc., the growth trajectory will be determined by Enode's expansion within the EV charging market.
Future Projections: Future projections for Horizon Space Acquisition I Corp. will be based on the growth prospects of Enode Inc. and the broader EV charging industry. Analysts will likely project revenue growth, market share expansion, and profitability based on Enode's business strategy and market trends.
Recent Initiatives: The most significant recent initiative for Horizon Space Acquisition I Corp. is its proposed merger with Enode Inc. This merger is a strategic move to transition into an operational company in the rapidly growing EV charging sector.
Summary
Horizon Space Acquisition I Corp. is evolving from a SPAC into an operational entity by merging with Enode Inc., positioning itself in the rapidly expanding EV charging market. Its success hinges on Enode's ability to leverage its API platform for interoperability in a competitive landscape. Key strengths lie in its focus on a high-growth sector and a software-centric approach, while weaknesses include dependence on Enode's execution and navigating market complexities. The company needs to closely monitor technological advancements and regulatory shifts to maintain its competitive edge.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Financial news outlets
- Market research reports
- Industry analysis websites
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Market share data and future projections are estimates and subject to change. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Horizon Space Acquisition I Corp. Ordinary Shares
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2023-01-26 | Chairman, CEO, CFO & Secretary Mr. Mingyu Li | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website |
Full time employees - | Website | ||
Horizon Space Acquisition I Corp., a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.
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