5 EV stocks to explore in Q2: TSLA, LCID, NIO, XPEV & FSR

Image Source: © Thongchaipeun | Megapixl.com

Highlights:

  • Tesla, Inc.’s (NASDAQ: TSLA) revenue rose 81% YoY in Q1, FY22.
  • Nio Inc.’s (NYSE: NIO) revenue surged over 49% YoY in Q4, FY21.
  • XPeng Inc. (NYSE: XPEV) will release its first-quarter fiscal 2022 financial results on May 23.

Electric vehicle (EV) stocks specialize in manufacturing electric vehicles and components, EV batteries, etc. EV giant Tesla, Inc's (TSLA) success has attracted many investors into the sector. However, due to the high Tesla stock price, investors are exploring other EV stocks with growth potential.

Here, we discuss five top EV stocks worth exploring in the second quarter.

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Tesla, Inc. (NASDAQ: TSLA)

Tesla is one of the leading automobile and clean energy firms specializing in manufacturing electric vehicles, energy storage solutions, and other related products. It is based in Austin, Texas.

The shares of the company traded at US$717.00 at 2:00 pm ET on May 19, up 1.01% from their closing price of May 18. Its stock value decreased by 40.84% YTD.

The firm has a market cap of US$734.99 billion, a P/E ratio of 96.26, and a forward one-year P/E ratio of 68.32. Its EPS is US$7.37.

The 52-week highest and lowest stock prices were US$1,243.49 and US$546.98, respectively. Its trading volume was 29,270,600 on May 18.

The company reported total revenue of US$18.75 billion in Q1, FY22, representing an increase of 81% YoY. On a GAAP basis, its net income attributable to common stockholders came in at US$3.31 billion, or US$2.86 per share, against an income of US$438 million, or US$0.39 per share in Q1, FY21.

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Source: Pixabay

Lucid Group, Inc. (NASDAQ: LCID)

Lucid Group is an electric vehicle manufacturing firm based in Newark, California. It focuses on designing and manufacturing EVs and EV powertrains.

The stock traded at US$19.5492 at 2:10 pm ET on May 19, up 12.61% from its previous close. The stock fell 57.59% YTD. Its market cap is US$32.46 billion, and the forward one-year P/E ratio is -15.10. The stock’s 52-week highest and lowest prices were US$57.75 and US$13.25, respectively. Its share volume on May 18 was 22,487,250.

The company's revenue came in at US$57.67 million in Q1, FY22, compared to US$313,000 in the year-ago quarter. Its net and comprehensive loss came in at US$81.28 million, against a loss of US$747.95 million in Q1, FY21.

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Nio Inc. (NYSE: NIO)

Nio is a Chinese automobile company focused on manufacturing electric vehicles. It is based in Shanghai, China.

Its shares traded at US$16.83 at 2:39 pm ET on May 19, up 6.32% from their closing price of May 18. Its stock value declined 52.7% YTD.

The firm has a market cap of US$27.93 billion and a forward one-year P/E ratio of -25.13. Its EPS is US$-1.04.

The 52-week highest and lowest stock prices were US$55.13 and US$11.67, respectively. Its trading volume was 72,865,480 on May 18.

The company's revenue increased by 49.1% YoY to RMB 9.90 billion (US$1.55 billion) in Q4, FY21. Its net loss came in at RMB 2.14 billion (US$336.4 million), as compared to a loss of RMB 1.38 billion (US$206.85 million) in Q4, FY20.

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XPeng Inc. (NYSE: XPEV)

XPeng is also a Chinese automobile company specializing in manufacturing smart electric vehicles. It is based in Guangzhou, China.

The stock traded at US$23.72 at 3:15 pm ET on May 19, up 2.95% from its previous closing price. The XPEV stock tumbled 54.17% YTD. The market cap of the company is US$20.19 billion, and the forward one-year P/E ratio is -17.72. Its EPS is US$-0.91.

The stock saw the highest price of US$56.45 and the lowest price of US$18.01 in the last 52 weeks. Its share volume on May 18 was 10,271,010.

The company will release its first-quarter fiscal 2022 financial results on May 23, before the opening bell.

Meanwhile, in the fourth quarter of fiscal 2021, the company's revenue jumped 200.1% YoY to RMB 8.55 billion (US$1.27 billion). Its net loss came in at RMB 1.28 billion (US$191.74 million), against a loss of RMB 787.4 million (US$117.29 million) in Q4, FY20.

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Fisker Inc. (NYSE: FSR)

Fisker Inc. is a California-based automobile company specializing in manufacturing electric vehicles. It is based in Manhattan Beach. The shares of the company traded at US$11.46 at 3:17 pm ET on May 19, up 2.87% from their closing price of May 18. Its stock value decreased by 33.33% YTD.

The firm has a market cap of US$3.39 billion and a forward one-year P/E ratio of -6.59. Its EPS is US$-1.41. The 52-week highest and lowest stock prices were US$23.75 and US$8.04, respectively. Its trading volume was 8,929,373 on May 18.

The company reported a revenue of US$12,000 in Q1, FY22, as compared to US$22,000 in the year-ago quarter. Its net loss came in at US$122.07 million, against a loss of US$176.84 million in Q1, FY21.

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Bottom line:

Higher oil prices and climate concerns have turned consumers’ attention toward electric vehicles in recent times. However, the growth in the automobile sector, including EVs, has slowed due to various macroeconomic, geopolitical, supply-chain troubles and other factors. Hence, investors should exercise due diligence before investing in the stock market.


 


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