Barclays downgrades Xpeng (XPEV) following disappointing 1Q miss
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/24/2024
- Wall Street closes higher as investors digest earnings, megacap outlook
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises as dollar slips, focus shifts to economic data
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Forward Air (FWRD) Appoints Shawn Stewart as CEO
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
XPeng (XPEV) PT Lowered to $7.50 at JPMorgan
May 25, 2023 7:11 AM EDTJPMorgan analyst Nick Lai lowered the price target on XPeng (NYSE: XPEV) to $7.50 (from $9.00) while maintaining a Neutral rating.... More
XPeng (XPEV) PT Lowered to $9.80 at BofA Securities
May 25, 2023 6:19 AM EDTBofA Securities analyst Ming Hsun Lee lowered the price target on XPeng (NYSE: XPEV) to $9.80 (from $11.00) while maintaining a Neutral rating.... More
XPeng (XPEV) PT Lowered to $11 at Bernstein
May 25, 2023 6:05 AM EDTBernstein analyst Eunice Lee lowered the price target on XPeng (NYSE: XPEV) to $11.00 (from $12.00) while maintaining a Market Perform rating.... More
Barclays Downgrades XPeng (XPEV) to Underweight
May 25, 2023 2:56 AM EDTBarclays analyst Jiong Shao downgraded XPeng (NYSE: XPEV) from Equalweight to Underweight with a price target of $6.00 (from $8.00).
For an analyst ratings summary and ratings history on XPeng click here. For more ratings news on XPeng click here.
Shares of XPeng closed at $8.65 yesterday.
... MoreNomura/Instinet Assumes XPeng (XPEV) at Neutral
May 25, 2023 2:15 AM EDTNomura/Instinet analyst Frank Fan assumes coverage on XPeng (NYSE: XPEV) with a Neutral rating and a price target of $8.00 (from $36.30).
For an analyst ratings summary and ratings history on XPeng click here. For more ratings news on XPeng click here.
Shares of XPeng closed at $8.65 yesterday.
... MoreJaguar Land Rover-owner set to choose UK over Spain for EV battery plant
May 24, 2023 3:04 PM EDTThe BBC reports Wednesday that Tata Motors, parent company to Jaguar Land Rover Automotive, is set to pick Britain for a multi-billion dollar electric vehicle battery plant. A plant some have described as the most significant investment in UK automotive since Nissan came to Britain in the 1980s.
A Tata chairman is expected to fly to London next week to meet the prime minister and finalize the deal to build the battery factory, which could employ 9,000 people in Somerset,... More
BMW unveils new electric i5 with 295-mile range
May 24, 2023 2:28 PM EDTThe BMW Group unveiled its new 2024 BMW i5 during a digital world premiere on Wednesday after teasing glimpses of its first all-electric 5 Series for weeks.
As a combustion model, the 5 Series has held a prominent position in the company's lineup since 1972, and it continues to be the second best-selling vehicle for the German automaker behind the 3 Series. It has been known for a while now that BMW has been actively developing an all-electric version of the 5 Series, alongside plug-in hybrids and traditional combustion engine options.
With its unmistakable resemblance to the 5 Series,... More
Kohl's, Urban Outfitters, Abercrombie&Fitch rise premarket; XPeng, Agilent fall
May 24, 2023 8:11 AM EDTInvesting.com -- Stocks in focus in premarket trade on Wednesday, May 24th. Please refresh for updates.
Kohls (NYSE: KSS) stock soared 11.6% after the retailer reported a surprise profit, while maintaining its full-year profit and operating margin forecasts even as it missed first-quarter sales... More
XPeng (XPEV) sinks following 1Q miss and weak forecast
May 24, 2023 8:08 AM EDTShares of Chinese electric automaker XPeng Inc. (NYSE: XPEV) are down more than 5% in pre-market trading on Wednesday following its disappointing Q1 earnings report that fell short of expectations.
The automaker reported a RMB2.57 loss per adjusted diluted share, missing the consensus of (RMB1.92). Meanwhile, total revenue was reported at RMB4.03 billion (US$0.59 billion), missing consensus of RMB5.15 billion, representing a decrease of 21.5%... More
XPeng Inc. (XPEV) sinks nearly 6% on Q1 miss
May 24, 2023 6:55 AM EDTXPeng Inc. (NYSE: XPEV) is trading down 5.6% following a Q1 miss on the top and bottom line
reported Q1 EPS of (RMB2.57), RMB0.65 worse than the analyst estimate of (RMB1.92). Revenue for the quarter came in at RMB4.03 billion versus the consensus estimate of... MoreXPeng (XPEV) Misses Q1 EPS by 65c, Misses on Revenue, Delivers 18,230 EVs; Offers Q1 Guidance
May 24, 2023 6:04 AM EDTXPeng Inc. (NYSE: XPEV) reported Q1 EPS of (RMB2.57), RMB0.65 worse than the analyst estimate of (RMB1.92). Revenue for the quarter came in at RMB4.03 billion versus the consensus estimate of RMB5.15 billion.
For the quarter the company delivered 18,230 EVs.... More
NIO Inc. (NIO) to hold ES6 launch event Wednesday
May 23, 2023 11:29 AM EDTChinese electric automaker NIO Inc. (NYSE: NIO) announced Tuesday that that it expects to host the all-new ES6 launch event in China on Wednesday, May 24, 2023.
The event will start at 7:00 AM U.S. Eastern Time and the live video webcast will be accessible on multiple platforms in Mandarin Chinese, including nio.cn and NIO app.
The ES6 and an ET7 sedan will... More
XPeng Inc. (XPEV) option implied volatility near upper end of range into quarter results
May 23, 2023 10:21 AM EDTXPeng Inc. (NYSE: XPEV) May weekly call option implied volatility is at 121, June is at 83; compared to its 52-week range of 67 to 127 into the expected release of quarter results before the bell on May 24.
... MoreXPeng Inc. (XPEV) May weekly 9.5 straddle into quarter results
May 23, 2023 4:39 AM EDTXPeng Inc. (NYSE: XPEV) May weekly 9.5 straddle is priced for a move of 10% into the expected release of quarter results before the bell on May 24.
... More
