Is Lion Electric Stock a Good Buy Right Now? [Yahoo! Finance Canada]
The Lion Electric Company Common Shares (LEV)
Company Research
Source: Yahoo! Finance Canada
Shares of Lion Electric TSX:LEV ) are trading 96% below all-time highs, valuing the company at a market cap of $194 million. Lion Electric stock was listed on the TSX in May 2021, and it has since trailed the broader index by a wide margin. This underperformance has continued in 2024, and the stock is down over 60% year to date. Let's see if this beaten-down TSX stock is a good buy right now. An overview of Lion Electric Lion designs, develops, manufactures, and distributes all-electric medium- and heavy-duty vehicles. To date, it has shipped over 2,100 vehicles with more than 28 million miles driven. The company's portfolio includes six electric truck and school bus models available for purchase. ADVERTISEMENT With manufacturing facilities in the U.S. and Canada, Lion Electric has the capacity to produce 5,000 vehicles per year. Lion Electric has established a leadership position in the electric school bus segment and is poised to replicate this success in the truck segment.
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News
- LION ELECTRIC ANNOUNCES ADDITIONAL AMENDMENTS TO CERTAIN SENIOR CREDIT INSTRUMENTSPR Newswire
- LION ELECTRIC'S SCHOOL BUSES ARE NOW ELIGIBLE FOR DOMINION ENERGY'S ELECTRIC SCHOOL BUS INFRASTRUCTURE PROGRAM IN VIRGINIAPR Newswire
- The Lion Electric Company (NYSE: LEV) had its "neutral" rating re-affirmed by analysts at DA Davidson. They now have a $1.00 price target on the stock, down previously from $1.50.MarketBeat
- The Lion Electric Company (NYSE: LEV) was downgraded by analysts at Roth Capital from a "strong-buy" rating to a "hold" rating.MarketBeat