By Sam Boughedda Investing.com — Barclays analyst Jiong Shao started coverage of Nio Inc (NYSE:NIO), Xpeng Inc (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI) with overweight ratings on Tuesday, telling investors in a note that the companies have an “opportunity to not only take a sizable market share of the domestic auto market” but also “build… Continue reading Nio, XPeng, Li Auto Have an Opportunity to Take Sizeable Market Share- Barclays
Author: Yarhow_Finance Online News
NIO Inc. (NIO) Gains As Market Dips: What You Should Know
NIO Inc. (NIO) closed the most recent trading day at $23.99, moving +0.13% from the previous trading session. This change outpaced the S&P 500’s 0.37% loss on the day. Heading into today, shares of the company had lost 18.23% over the past month, lagging the Auto-Tires-Trucks sector’s loss of 16.74% and the S&P 500’s loss… Continue reading NIO Inc. (NIO) Gains As Market Dips: What You Should Know
Adient (ADNT) Incurs Q1 Loss, Surpasses Sales Estimates
Adient plc ADNT reported an adjusted loss per share of 38 cents in the first quarter of fiscal 2022. The Zacks Consensus Estimate was pegged at earnings of 8 cents. The bottom line also compared unfavorably with the year-ago earnings of $1.71 per share. This downside stemmed from declining profitability across all the segments. In… Continue reading Adient (ADNT) Incurs Q1 Loss, Surpasses Sales Estimates
Faurecia & Hella – Day one of the new combined Group
Nanterre (France), February 7, 2022 FAURECIA & HELLADAY ONE OF THE NEW COMBINED GROUP Strong strategic rationale between two highly complementary companies Ambition to reach sales above €33bn, operating margin above 8.5% and c. €1.75bn of net cash flow in 2025 A sustainable governance in place to accelerate collaboration and achieve above €250million in cost… Continue reading Faurecia & Hella – Day one of the new combined Group
Eaton Reports Record Fourth Quarter 2021 Results, Guidance on 2022 Outlook
For Full Year 2021, Earnings Per Share of $5.34 and Record Adjusted Earnings Per Share of $6.62, Up 35% over 2020 DUBLIN, February 04, 2022–(BUSINESS WIRE)–Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.37 for the fourth quarter of 2021. Excluding charges of $0.23 per share related to intangible… Continue reading Eaton Reports Record Fourth Quarter 2021 Results, Guidance on 2022 Outlook
UPDATE 2-Auto supplier Aptiv sees 2022 rebound; inflation will squeeze results
(Adds details from Aptiv investor call) By Joseph White and Kannaki Deka Feb 3 (Reuters) – Aptiv Plc on Thursday said global auto production should rise by 6% in 2022, and forecast revenue will grow 8 to 10 percentage points faster, but warned supply chain bottlenecks and rising materials costs will be a drag on… Continue reading UPDATE 2-Auto supplier Aptiv sees 2022 rebound; inflation will squeeze results
NIO Inc. Provides January 2022 Delivery Update
NIO delivered 9,652 vehicles in January 2022, increasing by 33.6% year-over-year Cumulative deliveries of the ES8, ES6 and EC6 as of January 31, 2022 reached 176,722 SHANGHAI, China, Feb. 01, 2022 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market,… Continue reading NIO Inc. Provides January 2022 Delivery Update
NIO Inc. Announces Completion of the Repurchase Right Offer for Its 4.50% Convertible Senior Notes due 2024
SHANGHAI, China, Jan. 31, 2022 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has completed its previously announced repurchase right offer relating to its 4.50% Convertible Senior Notes due 2024 (CUSIP No. 62914VAB2; G6525FAA0) (the… Continue reading NIO Inc. Announces Completion of the Repurchase Right Offer for Its 4.50% Convertible Senior Notes due 2024
Gentex (GNTX) Tops Q4 Earnings and Revenue Estimates
Gentex (GNTX) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.94%. A quarter ago, it was expected that this… Continue reading Gentex (GNTX) Tops Q4 Earnings and Revenue Estimates
Rivian has huge potential upside despite the stock’s recent plunge: Analyst
Motley Fool 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years The world is abuzz about the metaverse, an evolving technology that could reshape life as we know it. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand… Continue reading Rivian has huge potential upside despite the stock’s recent plunge: Analyst