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Tag: NASDAQ: LI

  • Li Auto Inc. Rockets Up Following Strong Financial Showing

    Li Auto Inc. (NASDAQ: LI) navigated a tepid Friday, experiencing a minor dip of 0.54%. However, Monday’s early premarket hours witnessed an impressive surge of 9.2%, fueled by the unveiling of robust financial results.

    Financial Performance

    Li Auto, Inc., a prominent player in China’s electric vehicle sector, disclosed its impressive financial achievements in its latest press release. For Q4, the company reported a Non-GAAP EPADS of $0.93, accompanied by a substantial revenue of $5.88 billion.

    Total revenues for the quarter stood at RMB41.73 billion (US$5.88 billion), marking a remarkable 136.4% surge compared to the same period last year. Furthermore, total deliveries soared to 131,805 vehicles, reflecting an impressive 184.6% increase year-over-year. Noteworthy is the gross margin for Q4 2023, which rose to 23.5%, up from 20.2% in the preceding year.

    Outlook and Market Analysis

    Looking ahead to Q1 2024, Li Auto anticipates delivering between 100,000 and 103,000 vehicles, with total revenues projected to range between RMB31.25 billion (US$4.40 billion) and RMB32.19 billion (US$4.53 billion).

    From a technical standpoint, market analysts are optimistic, pointing to a potential Bull Flag reversal/breakout on the 1-year daily chart. The recent upward trend coincides with the 2023FY earnings report and the optimistic 2024FY forecast.

    Despite acknowledging the challenges prevailing in the new energy vehicle (NEV) sector, analysts maintain a bullish stance on Li Auto, underscoring its product excellence, robust financial performance, and promising growth trajectory. They assert that the company is effectively carving out a niche amidst stiff domestic and global competition in the NEV domain.

    Conclusion

    Li Auto Inc.’s remarkable surge underscores investor confidence in the company’s financial resilience and growth prospects. With a solid financial footing and a positive outlook, Li Auto remains at the forefront of the dynamic electric vehicle market, solidifying its position as a key industry player.

  • Where The Li Auto (LI), XPeng (XPEV) Stocks Are Heading To

    While Chinese manufacturers including NIO Limited (NIO), Li Auto Inc (LI), and XPeng Inc (XPEV)   have been posing a competitive threat to Tesla, the U.S. automaker delivered five times as many cars worldwide last year as the three startups combined.

    Wedbush analyst Dan Ives believes that the biggest gain from the high demand for electric cars in China will get Tesla, with its plant with an annual production capacity of 250,000 cars.

    Over the weekend, the analyst reiterated his earlier view that global demand for electric vehicles “will see a major turnaround” in 2021 and “sales could double over the next few years, given pent – up demand for electric vehicles across all price categories.”

    Ives expects that with further growth in China, Tesla will be able to deliver one million vehicles worldwide by 2022.

    But in the presence of all these facts, business developments in Li Auto and Xpeng Motors for being smaller rivals could not be ignored as these are moving ahead at a faster pace.

    This is heading 4

    Last Friday, Li Auto reported a sharp jump in sales of its only electric vehicle, the Li-One, in December by 530% to 6,126 units. Li shipments in the fourth quarter rose 67% from the previous quarter to 14,464 units, higher than the company’s plans. For the whole of 2020, Li Auto delivered 32,624 vehicles. Mass production of the Li-One began in November 2019.

    This is heading 4

    Sales of Xpeng Motors, which sells G3 SUVs and P7 sedans, also jumped 326% to 5,700 electric vehicles in December. Xpeng sales increased 303% in the fourth quarter to 12,964 units and more than doubled for the full year 2020 to 27,041 units. The P7 sedan, which began mass deliveries at the end of June last year, accounted for more than half of annual sales.

    This is heading 4

    Li Auto’s shares have increased by 97 percent since the IPO on 30 July 2020 and by 10.48 percent on Thursday. The shares of Xpeng Motors have increased by 123 percent since they were issued on August 27 last year and by almost 9.12 percent on Thursday.

    Analysts at Bank of America initiated their recommendation for the LI’s stock with “Buy”, setting a price target of $42. This implies a mid-term prospect of 20% for the stock from the current levels of $35.

    On the other hand, the target price of $58 set by the Deutsche Bank with a “Buy” recommendation hints at a mid-term growth prospect of 29% while the average target price of $49 could also be an addition of about 9%.

  • Goldman Sachs Analysts Say Stocks Of EV Makers TSLA, Li Auto, NIO Could Rise

    Goldman Sachs Analysts Say Stocks Of EV Makers TSLA, Li Auto, NIO Could Rise

    The estimates of Wall Street analysts for renewable energy firms are improving as policymakers announce massive electrification and carbon reduction programs. US President-elect Joe Biden’s administration is expected to be more involved in terms of transport electrification initiatives and environmental protection policies.

    In a recent survey, Goldman Sachs (GS), the largest investment bank, said that, according to its estimates, global electric vehicle sales will hit 1.8 million units this year, up to 8.3 million units by 2025, and up to 34 million units by 2035. As a result, in 2030 and 29 percent in 2035, hybrid vehicles will account for 18% of global sales. At the same time, the United States and Western Europe will see the greatest growth, with the share of electric vehicles projected to hit 50 percent by 2035.

    Two electric car companies were listed by leading Goldman analysts, predicting that they will lead the way over the next four years. There is also a manufacturer that deserves recognition, but its shares are still receiving the “hold and see” recommendation.

    The Li Auto (LI)

    As of the first day of trading, China’s Li Auto (LI), which debuted on NASDAQ this summer, reported a solid 102.37% price rise on the back of strong demand for its electric vehicles in the domestic Chinese market.

    In November last year the first Li model, the Li ONE hybrid crossover, was released and the company had sold more than 22,000 units by October this year. Sales hit 3,700 in October, making the Li ONE the best-selling Chinese electric car brand.

    A stronger state policy of electrifying the transportation of the nation with incentive for carmakers and a population of 1.4 billion forms the largest electric vehicle market is China.

    Li cars also benefit from being plug-in hybrids and having a petrol engine, which is important since China is building charging stations in the process and its current network is small.

    FEI Fang, the Goldman Sachs analyst, rates the stock with a “buy” rating and a target price of $60, nearly double the closing price of $33.31 on Tuesday.

    Tesla Inc (TSLA)

    With a 676.76% rise since the beginning of the year and an upcoming addition to the S&P 500 index, Tesla (TSLA) shares, at least in the short term, look like the absolute winners of the electric car industry.

    In the last quarter, Tesla achieved record deliveries, revenue growth of 39%, and three consecutive quarters of profit.

    Market analysts have calculated the stable free cash flow of the automaker for the quarter at $1.4 billion.

    NIO Limited (NIO)

    Since the beginning of the year, Nio Limited (NIO) shares have outperformed Tesla by rising 1058%. The business undoubtedly deserves attention and observation, but Goldman experts rate their shares with a “buy” recommendation, although their target price of $59 is nearly 27% higher than the closing price of $46.56 on Tuesday.

    The Chinese electric car manufacturer announced a 146 percent rise in sales over the last quarter and a 2.5-fold increase in deliveries compared to last year. Its new electric Nio EC6 crossover is seen as a competitor in China to Tesla’s upcoming Model Y.

    Instead of direct buying, Nio has launched a new battery leasing programme, which lowers the list price of vehicles.

    Other Nio announcements include a 100-kilowatt-hour battery, which will expand the electric vehicle range to 615 kilometers, and plans to increase production and begin exporting to Europe by 2021.

  • What changed for these 24 stocks in Pre Market Session

    What changed for these 24 stocks in Pre Market Session

    Sundial Growers Inc. (SNDL) stock plunged -4.62% to $0.287 in the pre-market trading. The company recently reported that it will participate in Cowen’s 2020 Boston Cannabis Conference, to be held virtually between November 30 and December 2, 2020. The most recent rating by CIBC, on August 17, 2020, is a Neutral.

    Ideanomics Inc. (NASDAQ: IDEX) shares are trading down -8.89% at $2.87 at the time of writing after the declaration by company that it has increased its stake in California-based Solectrac, Inc. through a follow-on investment of an additional $1.3 million. Company’s 52-week ranged between $0.28 to $3.98.

    Fuel Tech Inc. (FTEK), a Pollution & Treatment Controls company, dropped about -16.89% at $5.02 in pre-market trading Wednesday.

    Yunji Inc. (YJ) gained over 33.8% at $5.74 in pre-market trading Wednesday November 25, 2020 following the publication that the company has signed a cooperative framework agreement with Douyin, a leading Chinese live streaming platform owned by Bytedance.

    XPeng Inc. (XPEV) is down more than -5.69% at $66.61 in pre-market hours Wednesday November 25, 2020. The stock had dropped over -2.13% to $70.63 in the last trading session.

    DPW Holdings Inc. (DPW) stock plunged -6.66% to $5.89 in the pre-market trading after a news declared by the DPW Holdings, that its power electronics business, Coolisys Technologies Corp.® (“Coolisys®”), has established a program targeting both national and regional fast-food franchises to install the ACECool™ electric vehicle (“EV”) chargers as a part of a revenue sharing program.

    Li Auto Inc. (NASDAQ: LI) shares are trading down -5.14% at $41.7 at the time of writing. Company’s 52-week ranged between $14.31 to $44.18. Analysts have a consensus price target of $45.60.

    Macy’s Inc. (M) stock moved down -4.7 percent to $10.35 in the pre-market trading. The retail organization recently publicized that Malek Robert Amirshahi has been named senior vice president of corporate communications for Macy’s, Inc., effective December 7, 2020.

    Occidental Petroleum Corporation (OXY) lost over -3.52% at $16.19 in pre-market trading Wednesday November 25, 2020.

    Before the trading started on November 25, 2020, Blink Charging Co. (BLNK) is down -4.37% to reach $26.89. The organization recently told that it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations. It has been trading in a 52-week range of $1.25 to $34.67.

    Tilray Inc. (TLRY) stock plunged -4.85% to $7.45 in the pre-market trading after the firm reported that it has entered into privately negotiated exchange agreements with certain holders of its 5.00% Convertible Senior Notes due 2023. The most recent rating by Jefferies, on November 16, 2020, is an Underperform.

    Marathon Patent Group Inc. (NASDAQ: MARA) shares are trading up 9.78% at $5.39 at the time of writing. Company’s 52-week ranged between $0.35 to $5.25. Analysts have a consensus price target of $7.50.

    Advaxis Inc. (ADXS), a Biotechnology company, rose about 7.36% at $0.3049 in pre-market trading Wednesday after the recent declaration by firm, the pricing of an underwritten public offering of (i) 26,666,666 shares of common stock and warrants to purchase up to 13,333,333 shares of common stock.

    ECMOHO Limited (MOHO) is down more than -22.22% at $2.8 in pre-market hours Wednesday November 25, 2020. The stock had jumped over 151.75% to $3.60 in the last trading session.

    Ayro Inc. (AYRO), a Auto Manufacturers company, dropped about -6.32% at $8.15 in pre-market trading Wednesday. The firm recently declared that the closing of its previously reported registered direct offering for an aggregate of $10 million in gross proceeds with Carnegie Hudson Resources, an investment arm of Wanxiang America, along with several existing institutional investors.

    Borr Drilling Limited (BORR) lost over -5.64% at $0.8766 in pre-market trading Wednesday November 25, 2020.

    OrganiGram Holdings Inc. (OGI) is down more than -1.64% at $1.2 in pre-market hours Wednesday November 25, 2020 after the healthcare company declared that it will report earnings results for its fourth quarter and full year Fiscal 2020 ended August 31, 2020 on Monday November 30th, 2020 before market open. The stock had jumped over 8.93% to $1.22 in the last trading session.

    Before the trading started on November 25, 2020, The Macerich Company (MAC) is down -4.5% to reach $10.41. It has been trading in a 52-week range of $4.56 to $26.20.

    The Gap Inc. (GPS), a Apparel Retail company, dropped about -11.57% at $23.76 in pre-market trading Wednesday after the company recently reported its financial results for the third quarter of fiscal year 2020, ending October 31.

    Aphria Inc. (NASDAQ: APHA) shares are trading down -3.65% at $6.6 at the time of writing. Company’s 52-week ranged between $1.95 to $6.60.

    Canaan Inc. (CAN), a Computer Hardware company, rose about 2.77% at $5.57 in pre-market trading Wednesday. The technology company plans to release its third quarter 2020 financial results before the market opens on Monday, November 30, 2020.

    Foresight Autonomous Holdings Ltd. (FRSX) is down more than -4.62% at $1.24 in pre-market hours Wednesday November 25, 2020. The stock had dropped over -2.99% to $1.30 in the last trading session.

    India Globalization Capital Inc. (IGC) stock plunged -7.43% to $1.37 in the pre-market trading. The firm reported that it is enrolling participants suffering from mild to severe dementia due to Alzheimer’s disease for its Phase 1 clinical trial.

    Jumia Technologies AG (NYSE: JMIA) shares are trading down -5.86% at $28.62 at the time of writing. Company’s 52-week ranged between $2.15 to $31.19. Analysts have a consensus price target of $4.50.