#2 - XL Fleet (NYSE:XL)
XL Fleet (NYSE:XL) manufactures hybrid and plug-in powertrains. The idea is that the company’s products can be retrofitted on traditional gas-powered vehicles to make them hybrid vehicles. And the company has its own fully electric powertrains.
Although the product sounds very unique, XL Fleet does have competition in this sector, most notably from Hyliion (NYSE:HYLN). However, XL Fleet does appear to have an important first move advantage as its design is already being used in select Ford (NYSE:F), General Motors (NYSE:GM) and Isuzu (OTCMKTS:ISUZY) fleet trucks.
XL stock has been falling from its December 2020 highs. But that’s not surprising for a company coming off its IPO, particularly since it just completed the merger on December 22. However, the stock has recently pushed past the $20 mark and may be moving higher after it received a bullish price upgrade to $30 from Gregory Lewis of the analyst firm BTIG.
About XL Fleet
XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles.
Read More - Current Price
- $1.14
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
