Twin Vee PowerCats Co. (VEEE)

Twin Vee PowerCats Co.'s stock price saw a significant decline of 58.70% from January 8, 2025, to January 7, 2026, and decreased by -62.05% over the last year. The company achieved three consecutive quarters of year-over-year sales growth in fiscal 2025. Strategic moves include the acquisition of Bahama Boat Works and the launch of a redesigned 22-foot BayCat. Twin Vee also expanded its dealer network and formed a Strategic Steering Committee to advance autonomous marine technologies. Additionally, Twin Vee launched a "New Year Savings Event" to stimulate sales.

Demand for Twin Vee PowerCats Co. products is influenced by the seasonal nature of the marine industry. The company experienced its slowest demand since going public in Q4 2024, but early indicators in Q1 2025 suggested a rebound in demand. Current dealer inventory levels are at record lows, indicating strong underlying demand for the company's boats. Industry forecasts project sustained growth in the global center console power catamarans market through 2033.

Twin Vee PowerCats Co. designs, manufactures, and markets recreational and commercial power catamaran boats. The company specializes in dual-hull vessels known for their stability, fuel efficiency, and smooth ride, marketed under the "Twin Vee" brand, and also produces V-hull boats under the "AquaSport" brand and luxury offshore fishing vessels under the "Bahama Boats" brand. Twin Vee's boats are used for recreational activities and commercial purposes, and the company is investing in research and development to introduce new models with advanced features and fully electric boats.

Twin Vee PowerCats Co. sells its boats through a network of independent boat dealers across North America, the Caribbean, and Central America. The company's home base operations are located in Fort Pierce, Florida. Twin Vee is actively recruiting new dealers and aims to establish new distributors both domestically and internationally, with plans to enter new geographic markets, particularly in Europe and Asia. In January 2026, Twin Vee announced the addition of a new authorized dealer in Louisiana.

Twin Vee PowerCats Co. has cultivated a strong brand reputation in the marine industry, known for innovation and quality. The company uses the tagline "Best Riding Boats on the Water™" to highlight the superior ride quality of its catamaran hull designs. The acquisition of Bahama Boat Works enhances Twin Vee's portfolio and reputation. Twin Vee is positioning itself as a forward-thinking brand through its commitment to sustainability and digital transformation.

Twin Vee PowerCats Co. has a mix of institutional and individual ownership. Institutional investors hold approximately 4.25% to 15.57% of the company's stock. Joseph C. Visconti, the Chairman and CEO, is the largest individual shareholder.