For the fourth quarter, NIO’s deliveries reached 25,034 units, rising 44.3% year-on-year, representing a positive growth for seven quarters in a row. In December 2021, NIO delivered 10,489 vehicles, up 49.7% year-on-year. The average Blink Charging price target of $38.00 implies approximately 11.3% upside potential to current levels.On January 1, 2022, NIO released its delivery results for December and the full year of 2021. On TipRanks, BLNK has a Moderate Buy rating, based on 2 Buys and 1 Hold. Notably, Blink Charging’s “owner/operator” business model provides a long-term recurring revenue stream with growing EV utilization. (Read more: Will Blink Charging Continue to Charge Ahead?) Meanwhile, its top-line increased by 72% year-over-year, reflecting increased demand and growth in its charging stations network. The company contracted, sold, or deployed 1,597 commercial and residential EV charging stations in Q1. (See Blink Charging stock charts on TipRanks) Thanks to the production ramp, record EV sales, and solid jump in company-owned charging stations, Blink Charging stock has increased approximately 223% in one year. However, the average Li Auto price target of $44.52 implies 36.2% upside potential to current levels.īlink Charging provides charging equipment and services for EVs. Li Auto stock has almost doubled in one year. Its Strong Buy consensus rating is based on 6 unanimous Buys. In addition to Lee, the rest of the street is also bullish on the stock. Moreover, the delivery numbers reflect year-over-year growth of over 251%.įollowing the announcement, analyst Ming-Hsun Lee of Bank of America Securities reiterated his Buy rating on the stock, with a price target of $39 (19.3% upside potential). Li Auto delivered 8,589 vehicles in July and crossed the 8K delivery mark for the first time. The company recently announced robust delivery numbers for July 2021. Li Auto is a China-based company that designs and manufactures premium EVs. The average NIO price target of $64.50 implies 43.1% upside potential to current levels. Nio, whose stock has surged over 231% in one year, is scheduled to announce its Q2 financial numbers on August 11. Furthermore, hedge fund managers have increased their holdings by 54.0K shares in three months. On TipRanks, Nio has received 6 positive analyst reviews for a unanimous Strong Buy consensus rating. While Nio’s delivery growth rate in July significantly lagged peers (read more: NIO July Deliveries Jump 124.5% Shares Gain), Wall Street maintains a bullish outlook on the stock. Furthermore, its cumulative deliveries of vehicles, including the ES8 (six-seater or seven-seater flagship SUV), ES6 (five-seater high-performance SUV), and EC6 (five-seater premium coupe SUV) reached 125,528 as of July 31. Nio said that it delivered 7,931 vehicles in July, implying year-over-year growth of 124.5%. The company recently announced delivery numbers for July 2021. Meanwhile, with over 138% growth in one year, the average Tesla price target of $746.91 implies 5.1% upside potential to current levels. TipRanks’ Hedge Fund Trading Activity tool shows that confidence in Tesla is currently Positive, with hedge fund managers increasing their holdings by 229.1K shares in the last quarter. Tesla’s Moderate Buy consensus rating is based on 12 Buys, 7 Holds, and 4 Sells. In addition to Potter, most of the analysts have a bullish view of TSLA stock. Thanks to its back-to-back strong quarterly performances and solid demand, Piper Sandler analyst Alexander Potter reiterated a Buy rating on Tesla stock with a price target of $1,200 (68.8% upside potential). The EV pioneer continues to deliver robust financial numbers (read more: Tesla Is Firing on All Cylinders Analyst Says ‘Buy’), backed by stellar demand, higher production and deliveries, and efforts to reduce costs. Elon Musk’s Tesla holds the lion’s share of the market, despite the growing number of competitors. Let’s begin with Tesla, which is synonymous with EV.
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