Streetbeat News

XPEV

XPeng Inc.

Industry

Auto - Manufacturers

XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.

Open

12.70

Mkt cap

13B

Volume

12M

High

12.81

P/E Ratio

-10.53

52-wk high

18.74

Low

12.34

Div yield

N/A

52-wk low

6.55

XPeng Inc. (NYSE:XPEV) is facing challenges in its shift to a dealer-dependent sales model, leading to staffing adjustments and leadership changes. Gu Yuanqin has taken over as head of sales, and Yu Tao is expected to join as vice president of marketing. XPeng aims to sell 280,000 units this year but has yet to surpass 10,000 units per month.

Portfolio Pulse from Nabaparna Bhattacharya

May 25, 2024 | 7:07 pm

The EV sector saw significant developments this week, including Tesla's production cut in China, Lucid's workforce reduction, Nikola's new truck orders, and Ford's potential easing of EV sales norms for dealers. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 4.88% for the week.

Portfolio Pulse from Shanthi Rexaline

May 25, 2024 | 1:10 pm

Shares of Chinese EV stocks are trading lower due to broader China market weakness, recent tariffs, and Tesla's new Shanghai Megafactory.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:48 pm

Goldman Sachs analyst Tina Hou reiterated a Buy rating on XPeng Inc. (NYSE:XPEV) with a price forecast of $11.50. XPeng reported fiscal first-quarter sales growth of 62.3% year-on-year, beating analyst estimates. The company's adjusted net loss per ADS also beat expectations. The analyst expects the G6 model launch to drive vehicle delivery volume and margin improvements. XPeng's strong R&D focus and leading position in NOA could provide further revenue growth and margin improvement.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 4:39 pm

XPeng Inc (NYSE:XPEV) reported strong first fiscal quarter results, narrowing its loss and increasing EV deliveries and margins. The company also provided optimistic second-quarter guidance and announced future plans, including the launch of new models and expansion into international markets.

Portfolio Pulse from Upwallstreet

May 22, 2024 | 2:06 pm

James Hardie Industries (NYSE:JHX) shares fell 14.3% after reporting worse-than-expected quarterly earnings and sales. JP Morgan downgraded the stock from Overweight to Neutral. Other notable movers include MGO Global (NASDAQ:MGOL) up 194% after Q1 results, and Greenwave Technology Solutions (NASDAQ:GWAV) down 60.5% after reporting a year-over-year decrease in Q1 results.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 5:36 pm

U.S. stocks were mostly higher on Tuesday, with notable gains from XPeng Inc. (NYSE:XPEV), Waldencast plc (NASDAQ:WALD), Larimar Therapeutics, Inc. (NASDAQ:LRMR), Nukkleus Inc. (NASDAQ:NUKK), Transcat, Inc. (NASDAQ:TRNS), Bloom Energy Corporation (NYSE:BE), Tandem Diabetes Care, Inc. (NASDAQ:TNDM), Mesoblast Limited (NASDAQ:MESO), Iris Energy Limited (NASDAQ:IREN), Nikola Corporation (NASDAQ:NKLA), Lotus Technology Inc. (NASDAQ:LOT), and Dollar General Corporation (NYSE:DG).

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 2:38 pm

XPeng Inc (NYSE:XPEV) reported strong fiscal first-quarter sales growth of 62.3% year-on-year, beating analyst estimates. Despite a sequential revenue decline, the company saw a significant increase in vehicle deliveries and improved margins. XPeng expects robust growth in Q2 vehicle deliveries and revenue. The stock gained 5.80% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 11:05 am

XPeng (NYSE:XPEV) reported better-than-expected Q1 results with an adjusted loss per ADS of $(0.21), beating the $(0.27) estimate, and sales of $906.90 million, surpassing the $867.33 million estimate. Both metrics showed significant year-over-year improvement.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:09 am

XPeng shares are trading higher after the company reported better-than-expected Q1 results and issued Q2 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 9:40 am

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