Streetbeat News

LEV

The Lion Electric Company

https://thelionelectric.com/en

Industry

Agricultural - Machinery

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories. The Lion Electric Company was incorporated in 2008 and is based in Saint-Jérôme, Canada.

Open

0.50

Mkt cap

95M

Volume

1.8M

High

0.51

P/E Ratio

-0.81

52-wk high

1.99

Low

0.42

Div yield

N/A

52-wk low

0.42

Lion Electric has made additional amendments to its senior credit instruments, which could impact its financial flexibility and cost of capital.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:40 am

Lion Electric has partnered with Dominion Energy to integrate vehicle-to-grid technology into Virginia's electric school buses. This collaboration allows Lion's electric buses to be part of Dominion's Electric School Bus Infrastructure program, enhancing energy storage and grid support.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:52 am

DA Davidson analyst Michael Shlisky has downgraded Lion Electric (NYSE:LEV) from Buy to Neutral and lowered the price target from $1.5 to $1.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:02 pm

Lion Electric shares are trading lower after the company reported mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:34 pm

Lion Electric (NYSE:LEV) reported Q2 2024 GAAP EPS of $(0.09), beating the $(0.11) estimate, but sales of $30.276M missed the $62.862M estimate, marking a 47.81% YoY decrease.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:34 am

Lion Electric Company (NYSE:LEV) has announced the final certification of its heavy-duty battery pack, the LionBattery HD, designed for its heavy-duty trucks. This certification follows stringent testing and ensures compliance with rigorous safety regulations. The battery pack will power the Lion8 Tractor, an all-electric Class 8 commercial truck.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:34 am

DA Davidson analyst Michael Shlisky maintains a Buy rating on Lion Electric (LEV) but lowers the price target from $3.5 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:59 pm

BMO Capital analyst Tamy Chen has maintained a Market Perform rating on Lion Electric (LEV) and reduced the price target from $2 to $1.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:26 pm

Barclays analyst Dan Levy has maintained an Equal-Weight rating on Lion Electric (LEV) but has lowered the price target from $2 to $1.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:26 pm

Roth MKM analyst Craig Irwin maintains a Buy rating on Lion Electric (LEV) but lowers the price target from $2.5 to $2.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:19 pm

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