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Northland Capital Markets Assumes Lightening eMotors (ZEV) at Outperform

May 26, 2022 9:14 AM EDT
Get Alerts ZEV Hot Sheet
Price: $3.66 -2.14%

Rating Summary:
    4 Buy, 0 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 40 | New: 22
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Northland Capital Markets analyst Abhishek Sinha assumes coverage on Lightening eMotors (NYSE: ZEV) with a Outperform rating and a price target of $6.50.

The analyst comments "We are assuming coverage on Lightening eMotors with an OP rating and a $6.50 PT. We believe Lightening offers a compelling entry point for investors looking for exposure to a small cap electric vehicle manufacturer and/or electrification solutions provider. We feel that ZEV has been unjustifiably penalized in the recent SPAC carnage amid the overall equities rout. In our view, once the dust settles, ZEV should emerge much stronger underpinned by a wave of global electric vehicle transition."

For an analyst ratings summary and ratings history on Lightening eMotors click here. For more ratings news on Lightening eMotors click here.

Shares of Lightening eMotors closed at $3.44 yesterday.



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