NIO Inc. (NIO) slashes prices and ends free battery swapping
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Market focus for NIO (NIO) will soon shift back to execution - Morgan Stanley
June 12, 2023 1:27 PM EDTMorgan Stanley's Tim Hsiao believes that despite NIO Inc.'s (NYSE: NIO) price cuts, the market's focus will likely soon shift back to execution after today's rally.
NIO shares are up around 7.5% at the time of writing, trading above the $8.30 mark. Earlier in the... More
Morgan Stanley on NIO (NIO): 'the market's focus will likely soon shift back to execution after today's rally'
June 12, 2023 11:49 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $12.00 price target on NIO (NYSE: NIO)
The analyst comments "Following price cuts today, NIO maintained the volume and margin guidance provided on 1Q earnings call. More operational details shared during the NDR help... More
Illumina, Biogen and Carnival rise premarket; Nasdaq slumps
June 12, 2023 8:54 AM EDT
Investing.com -- Stocks in focus in premarket trade on Monday, June 12th. Please refresh for updates.
Illumina (NASDAQ: ILMN) stock rose 3.2% after the gene-sequencing machine makers CEO Francis deSouza stepped down on Sunday, marking a victory for activist... More
NIO Inc. (NIO) receives downgrades and adjusted price targets following disappointing 1Q23 and deliveries
June 12, 2023 8:32 AM EDTNomura and CMB International Global Markets (CMBIS) downgraded NIO Inc. (NYSE: NIO) from Buy ratings to Neutral and Hold ratings respectively. Nomura cut their 12-month price target on the stock to $7.50 (From $25.80), while CMBIS cut their price target to $8.00 (From $21.00) following the electric automakers disappointing 1Q23 earnings miss and delivery numbers.
In the first quarter of 2023, NIO achieved 31,041 deliveries, which fell within the expected range of 31,000-33,000 units. However, the recorded revenue amounted to CNY10.7 billion, slightly below the projected range of CNY10.9-11.5 billion.
NIO reported 1Q Gross margin at 1.5%,... More
NIO Inc (9866:HK) (NIO) PT Lowered to HK$52.74 at Jefferies
June 12, 2023 8:26 AM EDTJefferies analyst Xiaoyi Lei lowered the price target on NIO Inc (9866:HK) (NYSE: NIO) to HK$52.74 (from HK$53.39) while maintaining a Hold rating.... More
NIO (NIO) PT Lowered to $6.70 at Jefferies
June 12, 2023 8:25 AM EDTJefferies analyst Xiaoyi Lei lowered the price target on NIO (NYSE: NIO) to $6.70 (from $6.80) while maintaining a Hold rating.... More
NIO (NIO) PT Lowered to $20 at Mizuho Securities
June 12, 2023 6:38 AM EDTMizuho Securities analyst Vijay Rakesh lowered the price target on NIO (NYSE: NIO) to $20.00 (from $25.00) while maintaining a Buy rating.... More
NIO (NIO) PT Lowered to $8 at Bernstein, 'Disappointing results and Q2 guidance'
June 12, 2023 5:54 AM EDT(Updated - June 12, 2023 5:55 AM EDT)
Bernstein analyst Eunice Lee lowered the price target on NIO (NYSE: NIO) to $8.00 (from $11.00) while maintaining a Market Perform rating.
The analyst comments "Weak Q1. NIO reported Q1 revenue of RMB 10.7bn (+7.7% YoY and -33.5%... More
NIO (NIO) PT Lowered to $9.60 at CLSA
June 12, 2023 5:44 AM EDTCLSA analyst Aaron Li lowered the price target on NIO (NYSE: NIO) to $9.60 (from $17.00) while maintaining a Buy (1) rating.... More
NIO (NIO) PT Lowered to $8.50 at JPMorgan
June 12, 2023 5:35 AM EDTJPMorgan analyst Nick Lai lowered the price target on NIO (NYSE: NIO) to $8.50 (from $10.00) while maintaining a Neutral rating.... More
NIO Inc. (NIO) option implied volatility near low end of range
June 12, 2023 4:13 AM EDTNIO Inc. (NYSE: NIO) 30-day option implied volatility is at 67; compared to its 52-week range of 63 to 110.
... MoreCMB International Securities Downgrades NIO (NIO) to Hold, 'Premiumization no longer stands for high margin'
June 12, 2023 1:42 AM EDT(Updated - June 12, 2023 5:09 AM EDT)
CMB International Securities analyst Shi Ji downgraded NIO (NYSE: NIO) from Buy to Hold with a price target of $8.50 (from $21.00).
The analyst comments "We downgrade NIOs rating to HOLD from Buy as heightened competition drags... More
Nomura/Instinet Assumes NIO (NIO), downgrades to Neutral, 'Guided for deliveries to recover in 2H23 and sequential GPM improvement'
June 12, 2023 12:50 AM EDT(Updated - June 12, 2023 4:24 AM EDT)
Nomura/Instinet analyst Frank Fan downgraded NIO (NYSE: NIO) from Buy to Neutral with a price target of $7.50 (from $25.80).
The analyst comments "1Q23 results: Lackluster deliveries with eroding gross margin profile NIO recorded 31,041 deliveries... More
NIO Inc. (NIO) results soft, but showed surprising opex discipline - Deutsche Bank
June 9, 2023 2:13 PM EDTDeutsche Bank analyst Edison Yu told investors in a note that NIO Inc. (NYSE: NIO) reported "soft underlying Q1 results" on Friday.
The Chinese electric vehicle company posted a first-quarter loss of RMB2.51 per share, RMB0.12 better than the analyst estimate of an... More
NIO (NIO) PT Lowered to $11.80 at Daiwa Securities
June 9, 2023 12:53 PM EDTDaiwa Securities analyst Kelvin Lau lowered the price target on NIO (NYSE: NIO) to $11.80 (from $13.90) while maintaining a Buy (1) rating.... More
NIO (NIO) PT Lowered to $12 at US Tiger Securities
June 9, 2023 12:52 PM EDTUS Tiger Securities analyst Bo Pei lowered the price target on NIO (NYSE: NIO) to $12.00 (from $15.00) while maintaining a Buy rating.... More
Rivals GM and Ford will adopt Tesla's NACS charging connectors, will Stellantis follow?
June 9, 2023 11:25 AM EDTGeneral Motors (NYSE: GM) jumped 3.7% at the open on Friday after the company announced yesterday that the Detroit automaker will be partnering with Tesla (NASDAQ: TSLA) to open the EV giants supercharger network to GM customers. The move follows a similar announcement by neighboring rival Ford (NYSE: F) on May 26th, prompting analysts to ask the... More
Tesla, DocuSign and Adobe rise premarket; Coinbase falls
June 9, 2023 8:03 AM EDTInvesting.com -- Stocks in focus in premarket trade on Friday, June 9th. Please refresh for updates.
Coinbase (NASDAQ: COIN) stock fell 1.3% after credit rating agency Moodys downgraded its outlook of the cryptocurrency exchange to "negative" from "stable," after... More
NIO Inc. (NIO) slides as revenue misses expectations
June 9, 2023 7:55 AM EDTNIO Inc. (NYSE: NIO) shares are down around 1.8% premarket after its first-quarter revenue missed consensus expectations.
The Chinese electric vehicle maker reported a Q1 loss of RMB2.51 ($0.36) per share, RMB0.12 better than the analyst estimate of an RMB2.63 loss per share. Revenue for the quarter came in at RMB10.68 billion versus the consensus estimate of RMB11.93 billion.
During the quarter, NIO delivered... More
NIO Inc. (NIO) Tops Q1 EPS by 12c, Misses on Revenue, Delivers 31K Vehicles
June 9, 2023 6:02 AM EDTNIO Inc. (NYSE: NIO) reported Q1 EPS of (RMB2.51), RMB0.12 better than the analyst estimate of (RMB2.63). Revenue for the quarter came in at RMB10.68 billion versus the consensus estimate of RMB11.93 billion. For the quarter the company delivered 31,041 vehicles.
For Q2... More
NIO Inc. (NIO) June weekly 8 straddle into quarter results
June 9, 2023 3:36 AM EDTNIO Inc. (NYSE: NIO) June weekly 8 straddle is priced for a move of 13% into the expected release of quarter results today before the bell.
... MoreNIO earnings, commodity outlook, rig count: 3 things to watch
June 8, 2023 4:29 PM EDTInvesting.com -- Stocks rising after higher-than-expected initial jobless claims eased concerns about a rate hike next week.
The Federal Reserve is preparing to meet to decide the next step on interest rates. Between now and that two-day meeting, which starts on Tuesday, the only other major data point awaiting release is the consumer price index for May. Analysts are hoping to see more signs that prices are cooling.
... MoreNIO Inc. (NIO) calls more active than puts into quarter results and outlook
June 8, 2023 10:24 AM EDTNIO Inc. (NYSE: NIO) June weekly option implied volatility is at 240, June is at 127; compared to its 52-week range of 63 to 111 into the expected release of quarter results before the bell on June 9. Call put ratio 2.2 calls to 1 put.
... MoreChina launches nationwide car purchasing initiative following May sales report
June 8, 2023 9:50 AM EDTIn a significant effort to bolster demand in the world's largest automobile market, China unveiled Thursday a comprehensive nationwide initiative aimed at promoting car purchases, signaling a strong commitment to supporting the automotive industry.
The announcement from the Ministry of Commerce follows the release of data indicating a 7.3%... More
China vehicle sales jump 7.3% in May, NEVs lead the charge
June 8, 2023 9:39 AM EDTData released from the China Passenger Car Association (CPCA) Thursday shows that passenger vehicle sales in China rose 7.3% in May compared to last month, as the Chinese government extended tax incentives to shore up demand amid a lagging economic recovery.
The data shows vehicle sales in May reached a total of 1.76 million units.... More
NIO Inc. (NIO) June weekly 8 straddle into quarter results
June 8, 2023 5:39 AM EDTNIO Inc. (NYSE: NIO) June weekly 8 straddle is priced for a move of 13% into the expected release of quarter results before the bell on June 9.
... MoreChina launches nationwide car purchase campaign as May sales tick up
June 8, 2023 4:38 AM EDTBEIJING/SHANGHAI (Reuters) -China on Thursday announced a nationwide campaign to promote automobile purchases in a major push to shore up demand in the world's largest auto market.
The announcement from the Ministry of Commerce came shortly after data showed passenger vehicle sales in China rose 7.3% in May from April, higher on the month but far from the robust recovery policymakers are hoping for.
The commerce ministry said it would coordinate and push local authorities to roll out targeted policies and measures in favour of car consumption. Financial institutions will be encouraged to introduce measures... More
