#1 - Xpeng (NYSE:XPEV)
Not surprisingly, Chinese EV manufacturers are going to take the top spots on this list. While the EV market in the United States is still in its early stages, China continues to be the epicenter of EV adoption. This was evident in the July delivery numbers. Xpeng (NYSE: XPEV) reported deliveries of 8,040 smart EVs. This was a 22% increase from June and a whopping 228% year-over-year increase.
In addition to selling EVs, the company also provides value-added services such as supercharging services, maintenance. And the company has its own vehicle leasing service.
XPEV stock made its debut in late August 2020. The stock currently trades at around $43 per share. That’s down significantly from its 52-week high of over $74 per share. However, analysts give the stock a 12-month price target of over $51 per share, a 20% gain from its current level.
Another encouraging sign for investors is that institutional ownership, while still around 20%, has been increasing significantly.
About XPeng
XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.
Read More - Current Price
- $12.64
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $11.69 (7.5% Downside)
