Streetbeat News

VFS

VinFast Auto Ltd.

Industry

Auto - Manufacturers

VinFast Auto Ltd., an automotive manufacturer, engages in Automobiles and E-scooter related business in Vietnam and the United States. The company operates through Automobiles, E-scooter, Spare Parts, and Aftermarket Services segments. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses. The E-scooter segment provides design, development, manufacturing, and sales of e-scooters. The Spare Parts, and Aftermarket Services segment engages in sale of spare parts and aftermarket services for automobiles and e-scooters. VinFast Auto Ltd. is based in Hai Phong City, Vietnam. The company operates as a subsidiary of Vingroup Joint Stock Company.

Open

3.12

Mkt cap

7.7B

Volume

370K

High

3.28

P/E Ratio

-3.22

52-wk high

6.42

Low

3.07

Div yield

N/A

52-wk low

2.25

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 3:53 pm

Automotive stocks, including Canoo Inc (NASDAQ:GOEV), Lucid Group, Inc (NASDAQ:LCID), Polestar Automotive Holding UK (NASDAQ:PSNY), VinFast Auto (NASDAQ:VFS), and Workhorse Group, Inc (NASDAQ:WKHS), are trading lower due to China's slower-than-expected second-quarter economic growth. The Chinese economy grew by 4.7%, missing the 5.1% forecast, leading to cautious consumer spending and price cuts in various sectors.

Portfolio Pulse from Anusuya Lahiri

July 15, 2024 | 5:16 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 3:22 pm

VinFast Auto Ltd. (NASDAQ: VFS) has announced a three-year delay in the construction of its North Carolina factory, reducing its annual sales target from 100,000 to 80,000 units. This delay, along with previous setbacks such as negative feedback and recalls of its debut EVs in North America, poses significant challenges for the company's expansion plans in the U.S. market.

Portfolio Pulse from Benzinga Neuro

July 15, 2024 | 12:35 pm

The article highlights key events in the electric vehicle (EV) sector for the week ending July 5, with notable advancements for Tesla, Rivian, Canoo, Ford, and Nio. Tesla's stock surged due to better-than-expected deliveries, while Rivian exceeded its delivery forecast. Canoo secured new orders, and Ford reported strong Q2 EV sales. Nio's CFO announced his departure.

Portfolio Pulse from Shanthi Rexaline

July 06, 2024 | 3:13 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:26 pm

The electric vehicle (EV) sector saw significant developments this week, including Tesla's upcoming Q2 deliveries, Rivian's partnership with Volkswagen, and Nikola's deal with Walmart Canada. Tesla's delivery numbers are anticipated with mixed expectations, Rivian's stock surged on a financing deal, and Nikola delivered its hydrogen fuel-cell trucks to Walmart Canada. Other notable mentions include BYD's new plant in Uzbekistan and Ford's plans for a low-cost EV.

Portfolio Pulse from Shanthi Rexaline

June 29, 2024 | 1:48 pm

This week in the EV sector, Tesla analysts lowered their expectations ahead of Q2 deliveries, Fisker filed for bankruptcy, Nikola confirmed a 30-for-1 reverse stock split, and Canoo announced a secondary offering. Additionally, Canada is considering tariffs on Chinese EV imports.

Portfolio Pulse from Shanthi Rexaline

June 22, 2024 | 1:15 pm

The EU's proposed tariffs on Chinese EVs are lower than expected, particularly for BYD, which faces a 17.4% tariff. This has led to a positive market reaction for BYD and other Chinese EV makers. The tariffs are not expected to significantly impact the profitability of these companies in Europe. Chinese EV companies are likely to set up factories in Europe to mitigate tariff and transport costs.

Portfolio Pulse from The Bamboo Works

June 21, 2024 | 3:07 pm

Sarepta Therapeutics shares surged 35.2% in pre-market trading following expanded FDA approval of ELEVIDYS for Duchenne Muscular Dystrophy patients aged 4 and above. Other notable pre-market movers include Spectaire Holdings, DermTech, and Trinity Place Holdings among others.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 12:22 pm

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