Streetbeat News

XOS

Xos, Inc.

https://www.xostrucks.com

Industry

Agricultural - Machinery

Xos, Inc., a mobility solutions company, manufactures and sells battery-electric commercial vehicles. It offers a range of services to facilitate the transition of fleets to electric vehicles, including charging infrastructure, vehicle maintenance, financing, and service. The company was founded in 2020 and is headquartered in Los Angeles, California.

Open

3.80

Mkt cap

31M

Volume

50K

High

3.88

P/E Ratio

-0.59

52-wk high

14.86

Low

3.67

Div yield

N/A

52-wk low

3.67

Xos, Inc. (NASDAQ:XOS) is scheduled to release its quarterly earnings report on March 21, 2024. Analysts predict an EPS of $-1.92. The company's past earnings performance shows a mix of beats and misses, with the share price reacting accordingly. Shares are currently trading at $12.0, down 18.06% over the last year. Investors are keenly awaiting the report and guidance for future quarters.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 5:01 pm

ElectraMeccanica Vehicles Corp. (NASDAQ:SOLO) is set to host a special meeting on March 20, 2024, to vote on a proposed combination with Xos, Inc. (NASDAQ:XOS). The meeting aims to get shareholder approval for the arrangement, which has been detailed in a joint proxy statement filed with the SEC. The Board of Directors unanimously recommends voting in favor of the proposal.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:48 pm

In Monday's intraday session, several industrials stocks experienced significant movements. Xos, Fusion Fuel Green, Satellogic, Vast Renewables, Terran Orbital, and Roma Green Finance were among the gainers, with Xos leading at a 40.2% increase. On the downside, Astra Space, Primech Holdings, Agrify, Spirit Airlines, Acme United, and Applied UV saw notable declines, with Astra Space dropping by 39%. These movements reflect varying market capitalizations and specific events affecting the companies.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:34 pm

In Friday's intraday session, several industrials stocks experienced significant movements. Notable gainers included Nxu, JanOne, Li-Cycle Holdings, Xos, TDCX, and Caravelle Intl Gr, with increases ranging from 14.27% to 36.3%. On the downside, Sidus Space, Tritium DCFC, TTEC Holdings, Ideanomics, Royalty Management Hldgs, and Vast Renewables saw declines between 16.26% and 36.3%. TTEC Holdings' drop was highlighted by a recent Q4 earnings release.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:34 pm

Jerry Kroll, founder of ElectraMeccanica Vehicles, has agreed to vote in favor of the proposed combination with Xos, indicating a significant step towards the merger of the two companies.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:17 pm

Xos, Inc. has announced a partnership with Winnebago Industries to develop an electric chassis. This collaboration aims to leverage Xos' expertise in electric vehicles to enhance Winnebago's product offerings in the recreational vehicle market.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:03 pm

Wedbush analyst Daniel Ives has maintained an Outperform rating on Xos (NASDAQ:XOS) and increased the price target from $4 to $13, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:10 pm

In Thursday's intraday session, several industrial stocks experienced significant movements. Swvl Holdings (SWVL) led the gainers with a 31.5% increase, while Sidus Space (SIDU) saw the largest decline among the losers, dropping 26.0%. Other notable movers included Mega Matrix (MPU), Northann (NCL), Smart Powerr (CREG), Xos (XOS), ARC Document Solutions (ARC), Quhuo (QH), Zoomcar Holdings (ZCAR), Intuitive Machines (LUNR), ATIF Holdings (ATIF), and Satellogic (SATL), with varying degrees of gains and losses.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 5:31 pm

Trading in shares of Xos, Inc. has resumed after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 5:00 pm

Xos, Inc. (XOS) and ElectraMeccanica (SOLO) have announced a definitive arrangement agreement for Xos to acquire all outstanding common shares of ElectraMeccanica in an all-stock transaction. Post-transaction, ElectraMeccanica's shareholders will own approximately 21% of Xos. The deal aims to strengthen Xos' balance sheet, provide growth capital, and leverage regulatory tailwinds, including California's EV mandate. Xos has delivered 110 units in Q4 2023, showing a 90% YoY growth. The combined company will benefit from ElectraMeccanica's cash balance, estimated at $48.5 million at closing, and Xos' strong market position and growth prospects. The transaction is expected to close in the first half of 2024, subject to shareholder and court approvals.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 4:34 pm

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