UPDATE: Oppenheimer Starts Lightening eMotors (ZEV) at Outperform

June 23, 2021 4:06 PM EDT
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Price: $6.74 +3.22%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 32 | New: 109
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(Updated - June 23, 2021 6:01 PM EDT)

Oppenheimer analyst Colin Rusch initiates coverage on Lightening eMotors (NYSE: ZEV) with an Outperform rating and a price target of $15.00.

The analyst commented, "We view Lightning eMotors as a clear leader in the electrification of Class 3-7 vehicles, leveraging a modular architecture into defensible solutions and with a blue-chip customer base. With Lightning's diverse supply chain, demonstrated capability in delivering numerous vehicles types, and optionality on either growing through powertrain development, full vehicle sales, or being a leading integrator of fuel cell-based power systems, we believe ZEV shares offer investors meaningful upside potential. We are initiating coverage with an Outperform rating and a $15 PT."

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 $7.85 yesterday.

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