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Thank you. Good luck to ya, Dewey.
This post is not to promote, but rather to inform RIDE shareholders of competition. In doing so, it is to make RIDE shareholders aware that RIDE can turn around and approach the alleged success of these two competitors.
These 2 Small Electric Vehicle Stocks Have Triple-Digit Upside Potential, Say Analysts
TipRanks
Sun, June 26, 2022 at 4:54 PM·7 min read
In this article:
XOS
-5.12%
LEV
-2.75%
Electric vehicles (EVs) have become the car sector’s fastest growing segment, more than doubling last year to reach 6.8 million vehicles globally. This gives EVs a market share greater than 8%, triple where it stood in 2019, before the COVID pandemic. The market has found support from political policy, but more importantly, from improvements in battery technology and manufacture that are slowly making EVs more competitive on price.
The upshot is, EV companies are presenting investors with plenty of opportunities going forward. Automobiles are an essential of modern life, and EVs represent a high-growth leading edge for the industry, and one whose pace of growth is accelerating.
Against this backdrop, we’ve used the TipRanks platform to look up the details on two EV stocks that offer investors a hat-trick opportunity: a Buy rating from the Street’s analysts, triple-digit upside for the coming year, and a cost of entry below $5 per share. Let’s take a deep dive in and look at each of them along with the analyst commentary.
Xos (XOS)
We’ll start with Xos, an EV maker that specializes in electric trucks. This is a turning into a particularly strong niche for EVs, as electric trucks can optimized for urban delivery routes, staying within a relatively short radius of their operating base and charging stations. It’s a mode of operation well-suited to ‘last mile’ delivery, and bypasses a major complaint that EVs are not capable of long-range ops. This is the environment that Xos has focused on.
Xos got its start in 2016, and is working on the design and manufacture of all-electric medium- and heavy-duty commercial vehicles, powertrain systems for those vehicles, and the charging infrastructure to support them. The company boasts a proprietary battery system, dubbed X-Pack, that fits along with a modular chassis, also proprietary, called the X-Platform. The company describes itself as ‘building an electric truck ecosystem for today.’
The company has been public for less than one year, having hit the public markets, on the NASDAQ index, in August 2021 through a SPAC transaction. The business combo, with the NextGen Acquisition Corporation, brought some $216 million in new capital to Xos. The company’s stock started trading at $9.20 and has fallen 76% since then.
Like many early-stage EV makers, Xos has only recently started generating considerable revenue. For 1Q22, the company’s top line reached $7 million, against a net loss of $21.2 million. The company saw a major increase in pre-order, totaling more than 350 in the quarter, and made important deliveries to big-name customers like UniFirst and FedEx. The FedEx deliveries included 15 vehicles to five ground operators in the Southern California region, and Xos now boasts a total of 550 outstanding orders to that delivery company. While Xos has been bleeding funds, it still retains a solid cash position of $129.7 million.
For Northland analyst Donovan Schafer all of this adds up to an EV company that worth a second look.
“While the initial forecasts back in 2020 were very aggressive — calling for a ramp that would hit ~2,000 vehicles in 2022 and ~9,000 vehicles in 2023 — the scaled down numbers in our model suggest the stock is attractively priced at these levels,” Schafer noted.
In another point, and one that bodes well for Xos as it works to ramp up production, Schafer adds, “XOS makes its own chassis, which means it is not subject to some of the chassis supply constraints being faced by peers. The net result is XOS just needs access to sheet metal for bending into the C-beams for making its chassis. This gets around the issue of chip shortages, which has impacted some of XOS's peers.”
All in all, this makes XOS stock, in Schafer’s view, worth an Outperform (i.e. Buy) rating, while his $5 price target implies ~133% upside potential for the next 12 months. (To watch Schafer’s track record, click here)
XOS shares have 3 recent analyst reviews on record and they are all positive, to support a Strong Buy consensus rating. The shares are selling for $2.15 and the $7 average price target suggests an upside of ~226% from that level. (See XOS stock forecast on TipRanks)
Lion Electric Company (LEV)
The next stock, Lion Electric, also focuses on the commercial-duty facet of the EV market. Lion has a line-up of 7 all-electric school buses and urban transit buses, marketed along with medium- and heavy-duty electric commercial trucks. Lion doesn’t stop with vehicles, however; the company also offers parts and services, charging station infrastructure, and purchase financing. Taken together, this makes Canada-based Lion one of the largest EV companies in the North American market.
As a point of differentiation from its competitors, Lion offers its products as turnkey solutions for its customers, with package deals that include driver and technician training. This approach has been especially successful in the school bus market, where school districts typically handle their own bus fleet maintenance.
Early in May, Lion released its 1Q22 results and showed strong gains in several important metrics. Key among them was a massive year-over-year increase in vehicle deliveries, from 24 in the first quarter of 2021 to 84 in the recent report. This 3.5x increase shows that Lion is making strides in increasing its production capabilities. The strong deliveries powered year-over-year revenue growth from $6.2 million to $22.6 million. With the increase in the top line, Lion saw its gross loss decline, from $1.8 million in the year-ago quarter to $900K as of the end of 1Q22. Looking forward, Lion can boast an order book with 2,422 vehicles on it, worth some $600 million.
Also at the end of Q1, Lion reported a solid balance sheet. The company had $155.5 million in cash and liquid assets on hand, and a revolving credit facility available up to $200 million. In addition, the company can rely on Canadian Federal and Quebec Provincial government support to the amount of C$100 million.
Roth Capital analyst Craig Irwin notes several points that suggest mid- to long-term gains for Lion EV, but first among those is the company’s strong position to benefit from US government subsidies and contracts.
“The $5 billion in EV School Bus funding in the Infrastructure Bill should provide a material tailwind for market activity in 2H22, and we expect initial voucher awards to be announced as soon as October 2022. The 2022 funding disbursement of $500 million opened on Friday May 20th, and will include funding up to $375,000 per bus, covering as much as all the cost of a new EV School Bus in a special district, or $250,000 per bus for other areas. At a minimum these Federal subsidies should bring costs to parity versus conventional diesel buses, while all the benefits from 60% lower maintenance and 80% lower fuel costs accrue to buyers,” Irwin explained.
To this end, Irwin stakes a bullish position on Lion, with a Buy rating and a $13 price target that implies a 174% upside potential over the coming months. (To watch Irwin’s track record, click here)
So, that’s Roth Capital's view, let’s turn our attention now to rest of the Street: LEV's 3 Buys and 2 Holds coalesce into a Moderate Buy rating. The $9.50 average price target suggests a one-year gain of ~101% from the current share price of $4.73. (See LEV stock forecast at TipRanks)
Dongju Chung has failed to produce one contract that yields net positive income to LQMT. So instead of talking about a plurality of contracts, have the Kang-Steipper boy deliver just one.
Please flesh this statement out with the facts. Thank you very much.
Clearly, Glassimetals R&D has surpassed that of Eontec.
Lugee Li is ALREADY a BAGHOLDER of record for 6 YEARS.
Steipp new this when he dumped LQMT Valencia on him, leaving Eontec and LQMT shareholders with a bag of brown stuff.
Bill Johnson's team, now under lead of Mario Demetriou, has taken the lead in commericalization.
Essentially, Zirconium based glassy metals will NEVER go MAINSTREAM when it comes to the choicest of bulk amorphous metals. This is why Lugee dumped all over the US shareholders and having a 3 man team at LQMT Valencia is a frickin joke. They are permanently stuck in the past with sheet technology, at best, for a very limited NICHE MARKET. Why do you think Materion PULLED OUT. Try to find anything mainstream about Engel BMG machines. HA. Another JOKE!
HISTORY, folks, HISTORY.
Time to move on with those doing the heavy lifting, like Glassimetals et alia:
https://www.glassimetal.com/materials Note this is a 2022 UPDATE. Look at all the alternatives to the UBER EXPENSIVE, LIMITED TEMPERATURE USE RANGE, Zirconium based BMG's
All my own opinion. I do know how to do DD and not fantasize NON EXISTANT MAZES invented by a NON EXISTANT person.
https://businessjournaldaily.com/article/reservations-for-fisker-pear-surpass-3000/
Reservations for Fisker Pear Surpass 3,000
MidJune 2022 Staff
LOS ANGELES – Fisker Inc. reported Wednesday that the electric vehicle it plans to manufacture at Foxconn’s Lordstown plant will be revealed during the second half of 2023, with production to begin in 2024.
To date, more than 3,200 reservations have been placed for the as yet unseen Fisker Pear, an acronym for Personal Electric Automotive Revolution, the company said.
Prototype testing for the Pear is slated for late 2022.
“The over 3,200 reservations already for the Fisker Pear indicate this revolutionary mobility device, designed for city dwellers, demonstrates customers are ready for Fisker to deliver the 21st century’s most innovative vehicle,” said Fisker CEO and Chairman Henrik Fisker. “The Fisker Pear’s cool new features and technologies – and affordable pricing below $29,900 – are designed specifically for the customer of the future.”
The EV company describes the Pear as a “sporty crossover” that includes a first-ever “Houdini” trunk, an alternative to rear-cargo hatches.
“Intended for a metropolitan lifestyle, Fisker Pear ‘s interior will offer a new level of storage for its segment,” the company said. “Design-wise, the beltline and side window area are extremely low, with a large, wraparound windscreen affording a commanding view when driving. The Pear will be available in rear-wheel-drive, single motor, and all-wheel-drive, dual motor, configurations featuring four levels of option packages.”
The Fisker Pear offers two battery packs, with the larger hyper range pack targeted at over 310 miles per charge, the company announded. The Pear will also come equipped with a SolarSky panoramic roof, adding emissions-free range to the battery.
Last month, Fisker confirmed plans to manufacture the Pear at Lordstown after Taiwan-based tech giant Foxconn purchased the plant from Lordstown Motors Corp. for $230 million.
In March 2021, Foxconn and Fisker signed a contract manufacturing agreement in which Foxconn would produce the Pear at the Lordstown plant.
CEO Fisker has said the company could manufacture up to 250,000 EVs annually at Lordstown.
Fisker is currently developing the Fisker Ocean, an electric SUV at a plant in Austria. The company announced Wednesday that more than 50,000 reservations are in place for that vehicle, which will begin production Nov. 17, 2022.
Who wants to fly from China to the USWC just to eat barbecue and kimshi in someone's backyard in Garden Grove and risk getting mad cow disease or, HEAVENS, the latest iteration of COVID from Shanghai dropped off in California?
In this day and age, who among us still uses the term, "Heavens, no"?
I always used to hear my mother say that, back in the day.
But haven't heard that at all in the younger male generations.
What I usually here from the men is, "Hell, no".
Just sayin.
Gotta love that guy, Joe Manchin. only pragmatic with a set in a sea of dingles.
No frickin way that GM and Ford should be subsidized.
Take away their cake and let them eat it, too. LOL!
The wolf is actually a chihuahua with a voice modulator.
Squeek to a squawk.
Totally spot on, Abracky. Nice post.
Looking Good
What happened to all the revenue from the Team Steippers?
I thought that Adam Verrault was supposed to shift some Space X business to Liquidmetal.
How come the OKeeffe couple didn't shift any business our way from Edwards Life Sciences and USC?
And why hasn't that English banger, Glenton Jelbert kicked in.
And what about the chess set genius. Shouldn't we be getting royalties from all of their patents that have gone into production?
Finally, just what the EFF is Isaac Bresnick doing to earn his paycheck to support his Orange County life style?
Friday, June 17, 2022 Staff
Lordstown Motors Stock Trades at All-Time Low
LORDSTOWN, Ohio – Lordstown Motors Corp. stock briefly traded at a new 52-week low Thursday, bottoming out at $1.48 per share shortly after 2 p.m., then turning slightly upward later in the afternoon.
The startup electric-vehicle manufacturer, which trades under the ticker RIDE, ended the trading session at $1.54 per share, or 6.6% lower than Wednesday’s close.
RIDE stock has lost 62.3% of its value over the last six months and is down 36% over the last month.
Overall stocks sank Thursday, as investors expressed concerns over the Federal Reserve’s historic interest rate hike on Wednesday to curb inflation, fearing it could plunge the economy into a recession.
The Nasdaq Composite, where RIDE is listed, fell more than 4% and is down 30% year-to date. The Dow Jones Industrial Average closed down 741 points to under 30,000 on Thursday.
Lordstown Motors recently sold its Lordstown Assembly plant to Foxconn for $230 million. The EV company also entered into a contract manufacturing agreement with Foxconn to produce Lordstown Motors’ first product, the all-electric Endurance pickup.
Another joint venture partnership calls for the companies to build future Lordstown Motors vehicles on Foxconn’s mobility-in-harmony, or MIH, EV platform.
Lordstown Motors executives have said that they need to raise additional capital this year to put the Endurance into production. The company projects manufacturing just 500 EV pickups this year and another 2,500 in 2023.
Production slated to begin mid-July 2022.
Copyright 2022 The Business Journal, Youngstown, Ohio.
Crap.
Interesting comments on the alleged NDA's.
There are many reasons for an NDA.
But of late, I have come to believe that the main reason for a Liquidmetal NDA agreement is that a prospective customer is embarrassment protection. A company is too embarrassed to admit publicly that they actually got snookered into some arrangement with Dumbju Chung.
If I had 250 million in operating losses, like Lugee Li has with LQMT Valencia, I sure as hell would want to make some profits PRONTO to be offset with all the loss carry-forward.
Hell, even a stupid Lawyer, Financial type like Dumbju Chung should figure out the math here.
LQMT is never HERE and never THERE. It is the most phuqed up managed company I have ever encountered in my investment career.
When LQMT goes Bankrupt, who owns CIP?
Ah Ha!
The shoe fits.
From Lugee Li on downward.
Should have listened to Bill Johnson when he told me Lugee Li was a big bag of wind.
It should be clear to all that Joshua Eye U is Isaac Bresnick.
https://www.wsj.com/articles/foxconn-starts-building-a-plant-for-electric-vehicle-batteries-in-taiwan-11655290602
Taiwan’s Foxconn Technology Group started building its first plant to produce electric-car batteries Wednesday, the contract electronics manufacturer’s latest step into the booming electric-vehicle industry.
Foxconn said it plans to invest about 6 billion New Taiwan dollars, equivalent to about $200 million, on battery production lines and a research-and-development center in Kaohsiung city in southern Taiwan.
There, Foxconn will produce lithium iron phosphate batteries, a kind of battery technology touted by Tesla Inc. Foxconn plans to test production of those battery cells at the plant in early 2024, it said.
Best known as the biggest contract assembler of Apple Inc.’s iPhones, Foxconn has been trying to expand into the electric-vehicle industry in recent years to improve its profit margins.
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Foxconn Chairman Young Liu said the company wants to build an electric-car-battery supply chain in Taiwan.
Taiwan’s place in the world’s economy—already boosted by its dominance in the global semiconductor supply chain—could be further improved if it developed a battery supply chain, local industry executives have said.
“We hope to localize Taiwan’s battery supply chain, from the upstream materials, to the midstream cells and the downstream packs,” Mr. Liu said at the groundbreaking ceremony.
Last year, Foxconn introduced EV prototypes, which it designed together with a Taiwanese car maker. In March, it started to deliver electric buses designed by a Foxconn-led open platform.
Foxconn is also building electric-car manufacturing bases overseas. It recently acquired the Ohio factory of cash-strapped electric-vehicle maker Lordstown Motors Corp., while in Indonesia, it is developing electric-vehicle and battery-cell production plants jointly with Taiwanese electric-scooter maker Gogoro Inc.
Not even close to 30 million. What spreadsheet have you been reading lately?
The central issue with LQMT Valencia is that it has no people assets capable of making a buck and it is lawyer heavy: Two lawyers at the top who have no manufacturing experience. The contracts they have made are bad, but the contracts they haven't made are even worse.
Can you imagine what any serious parts customer thinks when these two clowns show up at a trade show? "Uh, wait a minute, ask McHughes." "sure, we have a lot of samples...they were made years ago and most before Apple bailed out our company.
What a shame! or should I say, What a SHAM.
What happened to our ZIPPO marketing company in Ireland?
Uh ZIPPO.
Again, when LQMT goes bankrupt, who will own Crucible Intellectual Properties?
This is a pivotal question which none here have addressed.
It is key to LQMT's ultimate survival.
The market makers are trolling now to get new funds into the market. Very few investors are putting money into a bottomless pit.
A stock market cannot operate without new money coming in.
Unfortunately, BITCOIN and the like sucked MASSIVE MONEY OUT of the STOCK MARKET. It seems the Robber Barons are now keeping their reserves in CASH until some bottom forms in the equities market.
Even an opinion must have a basis.
What's your basis?
It doesn't need to be sound.
If no basis, it's nothing but a brain fart. Don't you agree?
(Well, I guess it could be just an ordinary fart)
If LQMT goes BK, Who owns and controls CIP? Isn't this the only reason Lugee Li keeps LQMT alive?
Anyways, I am a strong believer that ultimately, AAPL will be the big driver for Foxconn developing the EV in the near term. I don't believe that AAPL totally abandoned project Titan that Zableski originated and led until his departure in 2019.
Foxconn needs AAPL and AAPL needs Foxconn.
I kinda think that Foxconn is a stalking horse for AAPL's ultimate entry and dominance in the market place, rivaling TESLA for the EV market.
I honestly believe that it was Tim Cook's replacing Steve Jobs that upset the LQMT applecart. You will recall that it was under Steve Jobs that LQMT got its first break with Apple, and a lot of that had to do with Steve Zadeski and Jonnie Ive, both of whom departed AAPL under Tim Cook.
It was Zadeski who signed the Aug 2010 deal for AAPL with Dongju Chung of LQMT, cause Steipp wasn't yet installed as President as I recall and was only a consultant at LQMT at the time.
Basically, it's been Tim Cook run amok that has ruined LQMT. Jobs, Zadeski and Ive were family men....Cook...not so much. He totally changed the culture at Apple.
Recall also that most of the LQMT Engineers and Scientists who went to Apple to cement relationships went before Steve Jobs died.
Wait until we find out how much money Dongju Chung has lost on our cash from his investments....
Correction: So LMC is simply a white albatross for Foxconn?
Regardless, I welcome this retracement with open arms and will be a huge buyer at 1.40
So you think that Foxconn has no interest in having LMC succeed with the Endurance? Not a white knight? But LMC is simply a white albatross for LMC? Sounds like jumping into FMC would be your thing, eh? LOL!
Oh ye men of little faith....
Have you forgotten we have already been in this territory, when the markets were good? Nothing wrong with a re-test...in fact, a retest is totally mandatory for this stock.
Won't be long until the buy signal is issued.
If you as an investor want to answer a lot of questions about LQMT and its relationship to Eontec and Apple, just simply determine who are the current officers of Crucible Intellectual Properties.
End of Message
Today, the name of the game is capitulation and when it happens.
End of discussion.