- Benzinga
Xpeng Shares Skyrocket Following Positive Q2 Delivery Forecast
Chinese electric vehicle (EV) manufacturer, Xpeng Inc. (NYSE:XPEV), saw a significant surge in its shares following a promising forecast for Q2 deliveries and an improved profit margin, as reported by CNBC on Wednesday. The company’s Hong Kong-listed shares rose over 13% in Wednesday’s morning trade, while its U.S.-listed shares climbed nearly 6% in Tuesday’s U.S. trade after the Q1 results were announced. Xpeng reported a 5.5% increase in vehicle margin in Q1, a significant improvement from the
- Zacks
Wall Street Analysts Believe XPeng (XPEV) Could Rally 76.23%: Here's is How to Trade
The mean of analysts' price targets for XPeng (XPEV) points to a 76.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
- Benzinga
XPeng's Strong Quarterly Report Shows The Chinese EV Maker Created A Unique Value Proposition
On Tuesday, Xpeng Inc (NYSE: XPEV) reported its first fiscal quarter results that showed it did a great job of narrowing its loss on the back of higher EV deliveries and improved margins. Upon the results, XPeng’s shares rose 13%. First Quarter Highlights For the quarter ended in March, revenue soared 62.3% to 6.55 billion yuan, which amounts to about $905.21 million, surpassing LSEG estimate of 6.17 billion yuan. The adjusted loss per share amounted to 1.45 yuan, which is better than the consen
