XPeng Stock (NYSE:XPEV), Trade Ideas

XPeng

Founded in 2015, XPeng is a leading Chinese smart electric vehicle, or EV, company that designs, develops, manufactures and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China's passenger vehicle market. The company sold over 141,000 EVs in 2023, accounting for about 2% of China's passenger new energy vehicle market. It is also a leader in autonomous driving technology.

Xpeng g6 SUV

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VWAGY

XPEV

As the European Commission investigates Chinese EVs, XPeng weighs overseas production options amidst regulatory adjustments. Brian Gu, co-president of Volkswagen-backed XPeng, reports potential shifts in strategy amid evolving regulations. With eyes on a 10% international sales boost, XPeng targets US market entry despite challenges.

XPeng Fears Tariff Hike In Europe, Reportedly Considers Investing Abroad

Self-driving cars

Tech

TSLA

Xpeng&#39;s Brian Gu expressed his skepticism about the immediate future of self-driving taxis as a lucrative business.

Tesla Is Betting Big On Robotaxi, But This Rival Thinks Elon Musk&#39;s Vision Could Be &#39;More Than 5 Years Away&#39;

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BABA

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

KWEB

MCHI

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TCEHY

UBS Group AG has upgraded China&#39;s stock market to Overweight, citing resilient earnings and state fund interventions. Other Asian markets downgraded.

UBS Upgrades China Stocks Amid &#39;Valuation Collapse&#39;: What Investors Need to Know

XPeng Inc. American depositary shares, each representing two Class A ordinary shares

XPeng Inc

WIIM

Autoliv shares are trading higher following a Q1 earnings beat.

<p>The Nasdaq 100 closed lower by over 90 points on Thursday. Investors, meanwhile, focused on some notable insider trades.</p>
<p>When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.</p>
<p>Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.</p>
<h3 class="wp-block-heading"><strong>GameStop</strong></h3>
<ul>
<li><strong>The Trade: GameStop Corp. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) PFO and PAO Daniel William Moore <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 7,779 shares</a> at an average price of $10.20. The insider received around $79,362 from selling those shares.</li>
<li><strong>What's Happening:</strong> On March 26, GameStop reported fourth-quarter net sales of $1.794 billion, down from $2.226 billion year-over-year.</li>
<li><strong>What GameStop Does:</strong> GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer.</li>
</ul>
<p>Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a></p>
<h3 class="wp-block-heading"><strong>SMART Global Holdings</strong></h3>
<ul>
<li><strong>The Trade: SMART Global Holdings, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGH#NASDAQ">SGH</a>) President, LED Solutions Joseph Gates Clark <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,529 shares</a>  at an average price of $17.94. The insider received around $45,359 from selling those shares.</li>
<li><strong>What's Happening:</strong> On April 9, the company saw third-quarter earnings of 30 cents per share, plus or minus 15 cents, versus the 28 cent estimate.</li>
<li><strong>What SMART Global Does:</strong> SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas.</li>
</ul>
<h3 class="wp-block-heading"><strong>Kimberly-Clark</strong></h3>
<ul>
<li><strong>The Trade: Kimberly-Clark Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) President, Latin America Gonzalo Uribe <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,465 shares</a> at an average price of $136.91. The insider received around $200,574 from selling those shares.</li>
<li><strong>What's Happening:</strong> On April 23, Kimberly-Clark reported better-than-expected first-quarter financial results.</li>
<li><strong>What Kimberly-Clark Does:</strong> With more than half of sales from personal care and another third from consumer tissue products, Kimberly-Clark sits as a leading manufacturer in the tissue and hygiene realm.</li>
</ul>
<h3 class="wp-block-heading"><strong>Bentley Systems</strong></h3>
<ul>
<li><strong>The Trade: Bentley Systems, Incorporated </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>) Director Keith A. Bentley <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 17,021 shares</a> at an average price of $55.00. The insider received around $936,155 from selling those shares.</li>
<li><strong>What's Happening:</strong> Schneider Electric recently confirmed holding discussions for a potential acquisition of Bentley Systems.</li>
<li><strong>What Bentley Systems Does:</strong> Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets.</li>
</ul>
<p>Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38452338/microsoft-alphabet-and-3-stocks-to-watch-heading-into-friday">Microsoft, Alphabet And 3 Stocks To Watch Heading Into Friday</a></p>


Short Ideas

Insider Trades

Pre-Market Outlook

GameStop, Kimberly-Clark And 2 Other Stocks Insiders Are Selling

<p>Baird  analyst Robert Oliver   maintains VeriSign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>) with a Neutral and lowers the price target from $215 to $200.</p>


Price Target

VRSN

Baird Maintains Neutral on VeriSign, Lowers Price Target to $200

<p>Visteon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) reported weaker-than-expected <a href="https://www.benzinga.com/quote/VC/earnings">earnings for its first quarter</a> on Thursday.</p>
<p>Visteon posted adjusted earnings of $1.61 per share, missing market expectations of $1.68 per share. The company's quarterly sales came in at $933.000 million missing estimates of $977.869 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.</p>
<p>"Our first quarter results highlight our continued progress on addressing the megatrends of digitalization and electrification that are rapidly changing the automotive industry. I am very proud of our continued operational execution and launching a high number of new products across the globe to support our customers and deliver near-term growth," said President and CEO Sachin Lawande. &#8220;We are also strengthening our future with another strong quarter of new business wins across our digital cockpit products while further diversifying into adjacent end markets.&#8221;</p>
<p>Visteon maintained its full-year 2024 guidance, seeing sales of $4.0 billion to $4.2 billion.</p>
<p>Visteon shares fell 1.3% to close at $109.66 on Thursday.</p>
<p>These analysts made changes to their price targets on Visteon following earnings announcement.</p>
<ul>
<li><strong>Wells Fargo</strong> increased the price target on Visteon from $106 to $108. Wells Fargo analyst Colin Langan upgraded the stock from Underweight to Equal-Weight.</li>
<li><strong>Baird</strong> cut the price target on Visteon from $140 to $137. Baird analyst Luke Junk maintained an Outperform rating.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38452338/microsoft-alphabet-and-3-stocks-to-watch-heading-into-friday">Microsoft, Alphabet And 3 Stocks To Watch Heading Into Friday</a></p>


Earnings

Visteon Analysts Cut Their Forecasts After Weak Earnings

<p>Oil giant<strong>&nbsp;Chevron Corp</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) reported&nbsp;first-quarter 2024 total revenues&nbsp;and other income of $48.716 billion, a decline of 4.1% year-over-year,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38454556/chevron-reports-first-quarter-2024-results" rel="noreferrer noopener">missing the consensus of $50.661 billion.&nbsp;</a></p>
<p>Sales and other operating revenues fell to $46.58 billion from $48.84 billion a year ago.</p>
<p>Worldwide net oil-equivalent production rose to 3,346 MBOED from 2,979 MBOED a year ago, primarily due to the acquisition of PDC and strong operational performance in the Permian and DJ Basins.</p>
<p>Adjusted net earnings were $5.42 billion, with Adjusted EPS being $2.93 (down from $3.55 YoY) in the quarter,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of $2.87.</a></p>
<p>U.S. Upstream reported first-quarter earnings of $2.075 billion vs. $1.781 billion a year ago. The earnings increase&nbsp;was driven&nbsp;by higher sales volumes from legacy PDC assets despite increased depreciation costs and lower realizations.</p>
<p><strong><em>Also Read:</em></strong><em>&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38158467/chevron-exits-myanmars-yadana-gas-field-report" rel="noreferrer noopener">Chevron Exits Myanmar&#8217;s Yadana Gas Field: Report</a></em></p>
<p>International upstream earnings fell 6.4% YoY due to lower natural gas prices, somewhat mitigated by favorable tax impacts, higher liquid realizations, and positive foreign currency effects.</p>
<p>U.S. downstream earnings were ~53.6% lower YoY due to lower margins on refined product sales and higher operating expenses, mainly from planned shutdowns. International downstream earnings were ~60% lower YoY due to lower margins on refined product sales.</p>
<p>CVX returned $6 billion of cash to shareholders during the quarter, including dividends of $3 billion and share repurchases of nearly $3 billion.</p>
<p><strong><em>Also Read:</em></strong><em>&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38297094/chevron-pours-500m-to-fund-renewable-energy-future-report" rel="noreferrer noopener">Chevron Pours $500M To Fund Renewable Energy Future: Report</a></em></p>
<p><strong>Dividend</strong>: The company declared a quarterly dividend of $1.63 per share, payable June 10, to all holders of common stock at the close of business on May 17.</p>
<p>Operating cash flow totaled $6.8 billion, compared to $7.2 billion a year ago, reflecting lower earnings and higher spending on expansion of the retail marketing network and asset retirements.</p>
<p>CVX held cash and equivalents of $6.278 billion as of March-end.</p>
<p><strong>Price Action:</strong> CVX shares are trading lower by 0.89% at $163.81 premarket at the last check Friday.</p>
<p><em>Photo by Jonathan Weiss on Shutterstock</em></p>


Dividends

Chevron's Strategic Advances In Oil Production Overshadowed By Q1 Revenue Miss

ICLK

Trading Halt: Halt status updated at 8:25:00 AM ET: Quotation Resumption: News and Resumption Times

Western Digital shares are trading higher following Q3 earnings. Benchmark upgraded the stock from Hold to Buy.

<p><strong>SNAP: 31% &#x7C; </strong><a href="https://www.benzinga.com//node/38456870"><strong>Snap shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates. Also, the company reported a year-over-year increase in Q1 daily active users.</strong></a></p>
<p><strong>SLCA: 21% &#x7C; </strong><a href="https://www.benzinga.com//node/38457451"><strong>U.S. Silica Holdings shares are trading higher after the company reported Q1 financial results and entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo.</strong></a></p>
<p><strong>GOOG: 16% &#x7C; </strong><a href="https://www.benzinga.com//node/38456412"><strong>Alphabet Board Authorized Repurchase Of Additional $70B Of Class A And Class C Shares. Also, multiple firms raised their respective price targets on the stock.</strong></a></p>


Movers

GOOG

SLCA

SNAP

Market-Moving News for April 26th

<p>Baird  analyst Rob Oliver   maintains Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Outperform and raises the price target from $500 to $525.</p>


Baird Maintains Outperform on Tyler Technologies, Raises Price Target to $525

<p>Wells Fargo  analyst Ken Gawrelski   maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Equal-Weight and raises the price target from $141 to $168.</p>


GOOGL

Wells Fargo Maintains Equal-Weight on Alphabet, Raises Price Target to $168

Terex shares are trading higher after the company reported better-than-expected Q1 financial results and issued FY24 revenue guidance above estimates.

<p>Stephens &amp; Co.  analyst John Campbell   maintains First American Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FAF#NYSE">FAF</a>) with a Overweight and lowers the price target from $72 to $66.</p>


Stephens & Co. Maintains Overweight on First American Financial, Lowers Price Target to $66

<p>Baird  analyst Jeffrey Meuler   maintains TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRU#NYSE">TRU</a>) with a Outperform and raises the price target from $87 to $94.</p>


Baird Maintains Outperform on TransUnion, Raises Price Target to $94

<p>Increasing full year 2024 guidance Total revenue: ~12% Previously +11 - 12% Organic: ~6% Previously +5 - 6% Adjusted DEPS: $18.05 - $18.25 Previously $17.85 - $18.15</p>


Guidance

Roper Technologies Expects FY24 Revenue Growth of ~12% YoY (Prior 11%-12%) Vs $6.89B Est, Organic Revenue Growth of ~6% YoY (Prior 5%-6%)

<p>Baird  analyst Rob Oliver   maintains Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) with a Outperform and lowers the price target from $270 to $230.</p>


TEAM

Baird Maintains Outperform on Atlassian, Lowers Price Target to $230

<p><strong>Castlebar Capital Corp. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/CBAR#TSXV">CBAR</a>) </strong>("<strong>Castlebar</strong>" or the "<strong>Company</strong>") is pleased to announce that it has entered into a letter of intent dated April 25, 2024 (the "<strong>LOI</strong>") with Mosaic Minerals Corporation (CSE:<a class="ticker" href="https://www.benzinga.com/stock/MOC#CSE">MOC</a>) ("<strong>Mosaic</strong>"). Pursuant to the LOI, Castlebar will be granted an option to acquire (the "<strong>Transaction</strong>") up to a 100% interest in the Lichen Project (the "<strong>Lichen Project</strong>" or "<strong>Property</strong>"). The Transaction is intended to be Castlebar's "Qualifying Transaction" for purposes of the TSX Venture Exchange's (the "<strong>Exchange</strong>") Capital Pool Company program.</p>
<p>The Lichen Project consists of 282 claims covering a total area of 15,622 hectares and is located approximately 100 km west of the Chibougamau mining camp. The property is underlain by the volcanic rocks of the Obatogamau formation intruded by stocks and plutons of intermediate composition. The volcanic belt is parallel to two known gold bearing volcanic belt, the Bachelor Lake gold area to the west and the Osisko-Windfall gold area to the south. The Nelligan Gold project and The Monster Lake Gold project are located at the eastern extremity of the volcanic belt. Numerous gold and copper showings are also found to the east and to the west of the property.</p>
<p><strong>Terms of the LOI:</strong><br />Pursuant to the LOI, Castlebar may acquire up to a 50% undivided interest (the "<strong>First Option</strong>") in the Lichen project from Mosaic by, among other things:</p>
<p>(i) make aggregate cash payments of $205,000 to Mosaic as follows:</p>
<p>$15,000 on the closing of Qualifying Transaction (the "<strong>Effective Date</strong>");</p>
<p>an additional $15,000 within six months following the Effective Date;</p>
<p>an additional $50,000 on or before the first anniversary of the Effective Date;</p>
<p>an additional $50,000 on or before the second anniversary of the Effective Date; and</p>
<p>an additional $75,000 on or before the third anniversary of the Effective Date; and</p>
<p>(ii) by issuing an aggregate of 1,350,000 shares to Mosaic as follows:</p>
<p>250,000 shares no later than seven days following the Effective Date;</p>
<p>an additional 350,000 shares on or before the first anniversary of the Effective Date;</p>
<p>an additional 250,000 shares on or before the second anniversary of the Effective Date; and</p>
<p>an additional 500,000 shares on or before the third anniversary of the Effective Date; and</p>
<p>(iii) by incurring at least $750,000 in qualifying expenditures on the Property as follows:</p>
<p>at least $150,000 in qualifying expenditures on the Property on or before the first anniversary of the Effective Date;</p>
<p>at least $200,000 in cumulative qualifying expenditures on the Property on or before the second anniversary of the Effective Date; and</p>
<p>at least $400,000 in cumulative qualifying expenditures on the Property on or before the third anniversary of the Effective Date.</p>
<p>Upon exercise of the First Option, Castlebar shall have forty-five (45) days to either (i) establish a joint venture with Mosaic in which each shall hold a 50% joint venture interest or (ii) exercise an additional option ("<strong>Additional Option</strong>") to acquire an additional 50% interest in the Property by making a $150,000 cash payment and issuing 1,500,000 shares to Mosaic within the forty-five (45) day period. If Castlebar exercises the Additional Option, then it will have earned 100% undivided interest in the Property free and clear of all encumbrances except for a 2% net smelter royalty to be retained by Mosaic. Castlebar may accelerate and carry forward any of the cash payments, share issuances or work expenditures.</p>
<p>Castlebar proposes to complete a private placement raising not less than $850,000 (the "<strong>Private Placement</strong>") to fund the phase one work program on the Lichen project and general and administrative operating expenses. Castlebar will complete a one-for-two stock split (the "<strong>Stock Split</strong>") immediately prior to closing of the Qualifying Transaction and Private Placement. The Qualifying Transaction, if completed, is an Arm's Length Qualifying Transaction. No Shareholder approval is required to complete the Qualifying Transaction. Further information in respect of the Private Placement and how the Company will meet the Exchange's Evidence of Value test will be provided in a subsequent news release.</p>
<p>Completion of the Transaction is subject to a number of conditions, including but not limited to, completion of due diligence by the parties, negotiation and execution of a definitive option agreement on the principal terms set forth in the LOI, Exchange acceptance, completion of the Stock Split and completion of the Private Placement. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.</p>
<p>The Company has requested its common shares to be halted by the Exchange pending review of the materials for the Transaction. Trading in the common shares of the Company is expected to remain halted until the closing or termination of the Transaction. Upon completion of the Transaction, it is expected that the Company will be a Tier 2 Mining Issuer on the Exchange.</p>
<p>Castlebar, a capital pool company within the meaning of the policies of the Exchange, does not have any operations and has no assets other than cash. Castlebar's business is to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction under the policies of the Exchange.</p>
<p>The Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.</p>


Contracts

Asset Sales

CSE:MOC

TSXV:CBAR

Reported April 25, 2024, Castlebar Capital Signs LOI with Mosaic Minerals To Acquire Up To A 100% Interest In The Lichen Project

<p>Baird  analyst Joe Vruwink   maintains SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) with a Neutral and raises the price target from $172 to $178.</p>


SPSC

Baird Maintains Neutral on SPS Commerce, Raises Price Target to $178

Centene shares are trading higher after the company reported better-than-expected Q1 2024 adjusted EPS and sales. Additionally, the company raised upbeat its guidance for 2024.

<p>Over a week after a group of <strong>North Dakotans</strong> <a href="https://www.benzinga.com/markets/cannabis/24/04/38290781/north-dakotans-file-legal-marijuana-petition-cannabis-legalization-is-coming-and-its-coming-fast">filed a </a><strong><a href="https://www.benzinga.com/markets/cannabis/24/04/38290781/north-dakotans-file-legal-marijuana-petition-cannabis-legalization-is-coming-and-its-coming-fast">2024 ballot measure petition</a> to legalize recreational cannabis,</strong> the state's top election official gave the green light for signature gathering to begin, <a href="https://abcnews.go.com/US/wireStory/recreational-marijuana-backers-gather-signatures-north-dakota-ballot-109652169">reported</a> ABC News.</p>
<p>The<strong> New Economic Frontier,</strong> a cannabis advocacy committee behind the push, <strong>needs to garner and submit 15,582 valid signatures to Secretary of State Michael Howe by July 8</strong> in order to place the measure on the November general election ballot.</p>
<p>Under a measure's 20-page text, personal recreational marijuana use at home would be legal for those 21 and older. The measure proposes setting up a regulatory framework for the production and processing of cannabis as well as prohibited uses.</p>
<p><strong>Steve Bakken</strong>, a Burleigh County commissioner and former Bismarck mayor, who is behind the initiative, said law enforcement resources "should be directed someplace a little more effectual."</p>
<p>Criminal defense attorney <strong>Mark Friese, </strong>who previously served as a Bismarck police officer, agreed with Bakken, adding that his efforts are directed toward preventing North Dakota from becoming an island of prohibition.</p>
<p>See also: <a href="https://www.benzinga.com/markets/cannabis/23/02/30707108/north-dakota-lawmakers-say-no-to-cannabis-edibles-heres-why-gop-led-house-killed-two-mmj-bills">North Dakota Lawmakers Say No To Cannabis Edibles, Here&#8217;s Why GOP-Led House Killed Two MMJ Bills</a></p>
<p>"We spend too many resources, we spend too much money, we criminalize behavior that&#8217;s more benign than alcohol consumption, and we have a mental health and true drug crisis going on in our communities, and we&#8217;re diverting law enforcement resources away from methamphetamine and fentanyl to make marijuana arrests,&#8221; Friese said. &#8220;It&#8217;s just illogical.&#8221;</p>
<p>According to the sponsoring committee, the measure would also help boost the state&#8217;s economy. Marijuana products will be regulated and therefore much safer for consumers. The reform would make medical marijuana more accessible to veterans and individuals with various health conditions. </p>
<p>Previous efforts in 2018 and 2022 to <a href="https://www.benzinga.com/markets/cannabis/22/11/29627576/north-dakota-loses-bid-to-legalize-adult-use-cannabis">legalize recreational cannabis in North Dakota failed. </a>Will the third time be the charm?</p>
<p><em>Now read: <a href="https://www.benzinga.com/markets/cannabis/22/10/29358919/religious-anti-marijuana-activists-are-getting-louder-ready-to-move-from-talk-to-action">Religious Anti-Marijuana Groups Are Getting Louder And Ready To Move From Talk To Action</a></em></p>


Cannabis

Government

Regulations

Politics

Legal

Third Time's The Charm? North Dakota Ballot Initiative Group Gets Green Light To Collect Signatures For Marijuana Legalization

<p>Baird  analyst Mark Marcon   maintains Robert Half (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) with a Outperform and lowers the price target from $84 to $79.</p>


Baird Maintains Outperform on Robert Half, Lowers Price Target to $79

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>So far this month, <strong>Nio</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/"><strong>NIO</strong></a>) has continued sinking to new lows. At around $4 per share, Nio stock is not merely in penny stock territory. The Chinese EV play is now a full-on penny stock, and it&rsquo;s likely to stay that way.</p>



<p>Why? Mostly, because the company&rsquo;s dire situation remains unchanged. The many issues with Nio that we have discussed in past coverage of this struggling vehicle electrification play have not gone away.</p>



<p>Worse yet, even as Nio bulls may point to certain factors suggesting better times ahead, the major negatives are likely to persist. Outweighing any positives, knocking NIO to even lower prices. </p>



<p>A situation reminiscent of what&rsquo;s going on with this EV &ldquo;also-ran&rsquo;s&rdquo; U.S.-based counterparts, as we&rsquo;ll once again explain below, there&rsquo;s little reason to even consider buying this stock.</p>



<h2>Nio Stock and its 3 Big Negatives</h2>



<p>Three key negatives have been in the driver&rsquo;s seat, when it comes to NIO&rsquo;s stock price declines over the past year. First, sluggish sales growth. Second, high cash burn. Third, the impact of prior and potential future shareholder dilution.</p>



<p>Based on recent news, it&rsquo;s clear that all three of this issues persist, and will likely continue to affect the performance of Nio stock. </p>



<p>When it comes to sluggish growth, all you got to do is look at Nio&rsquo;s latest vehicle delivery numbers. As we pointed out previously, Nio&rsquo;s Q1 2024 deliveries <a href="https://investorplace.com/market360/2024/04/is-nio-stock-headed-for-the-junkyard-the-risks-investors-cant-ignore/">fell 3% year-over-year, and by 10% on a quarter-over-quarter</a>.</p>



<p>Compare that to other China-based EV upstarts, like <strong>Li Auto</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/li-stock-quote/"><strong>LI</strong></a>) and <strong>Xpeng </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/"><strong>XPEV</strong></a>). These rival &ldquo;China EV contenders&rdquo; reported Q1 2024 deliveries growth of <a href="https://www.barrons.com/articles/nio-li-xpeng-ev-stocks-6b4bdb36?mod=md_stockoverview_news">50% and 20%</a>, respectively. </p>



<p>Regarding high cash burn, Nio reported negative operating cash flow of nearly <a href="https://seekingalpha.com/symbol/XPEV/cash-flow-statement">$1.2 billion</a> in 2023. Based on <a href="https://www.wsj.com/market-data/quotes/NIO">quarterly earnings forecasts</a>, Nio is set to stay deep in the red.</p>



<p>This underscores the shareholder dilution risk. Nio has <a href="https://asia.nikkei.com/Business/Automobiles/China-EV-maker-Nio-secures-2.2bn-investment-from-Abu-Dhabi">sold billion&rsquo;s worth of newly issued shares</a> to Abu Dhabi-backed investment vehicle <strong>CYVN</strong>, and could continue doing so, to raise the cash necessary to sustain additional operating losses.</p>



<h2>China&rsquo;s Tesla? More Like China&rsquo;s Lucid!</h2>



<p>At one point, Nio was considered to be China&rsquo;s answer to <strong>Tesla</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/"><strong>TSLA</strong></a>). An EV maker on track to become a dominant brand globally. </p>



<p>However, besides the fact that even Tesla itself <a href="https://www.bloomberg.com/news/articles/2024-04-15/tesla-to-cut-over-10-of-its-global-workforce-electrek-reports">isn&rsquo;t doing so hot globally right now</a>, Nio remains light years away from being an EV maker akin to Tesla.</p>



<p>Rather, it&rsquo;s more like China&rsquo;s answer to <strong>Lucid Group</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/"><strong>LCID</strong></a>). Granted, this isn&rsquo;t an apples-to-apples comparison. </p>



<p>Nio is significantly ahead in scaling up production and sales. Nio sells more EVs in a month that Lucid has managed to sell over an entire year.</p>



<p>There are many similarities. Similar to Lucid, Nio was once considered a potential &ldquo;Tesla killer.&rdquo; </p>



<p>Also similar to Lucid, Nio has also struggled to expand its customer base. Not only that, the company&rsquo;s relationship with CYVN is similar to that of <a href="https://www.cnbc.com/2024/03/25/lucid-stock-soars-as-ev-maker-gets-1-billion-from-saudi-pif-affiliate.html">Lucid&rsquo;s relationship with Saudi Arabia&rsquo;s <strong>Public Investment Fund</strong></a>.</p>



<p>Hence, it may not be out of the question to say that the future could play out for Nio much like it is likely to play out for Lucid. Safe to say, this isn&rsquo;t the best outcome for Nio stock investors.</p>



<h2>The Verdict: Still Set to Spiral Lower</h2>



<p>PIF is investing in Lucid, as part of Saudi Arabia&rsquo;s efforts to diversify its economy. Besides selling additional shares to PIF, Lucid has <a href="https://lucidmotors.com/media-room/lucid-makes-history-saudi-arabia-first-car-manufacturing-facility">started building EVs in the Gulf oil kingdom</a>. </p>



<p>Likewise, CYVN is investing in Nio, as part of Abu Dhabi&rsquo;s efforts to diversify its economy.</p>



<p>While not yet building a Nio factory in Abu Dhabi, the company has <a href="https://www.scmp.com/business/china-business/article/3253284/chinese-ev-maker-nio-deal-license-technology-middle-east-start-forseven-unit-abu-dhabis-cyvn">licensed some of its technology to a CYVN affiliate</a>. </p>



<p>Similar to the Lucid/PIF situation, CYVN could keep buying up newly issued Nio shares, increasing its ownership and influence, but watering down NIO&rsquo;s per share value.</p>



<p>For now, this is our prognosis, as there&rsquo;s no end in sight for Nio&rsquo;s many problems. Yes, <a href="https://www.cnbc.com/2024/04/05/chinas-nio-to-expand-battery-swap-services-to-gain-ev-infra-edge-.html">battery-swap station expansion</a> and new vehicle model launches could change all of this. </p>



<p>For now, however, assume that Nio stock will keep spiraling to even lower prices.</p>



<p>NIO stock earns a D rating in <em>Portfolio Grader</em>.</p>



<p><em>On the date of publication, neither Louis&nbsp;Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
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Nio Stock's Grim Reality: 3 Brutal Truths Dooming the Once-Promising EV Upstart

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<p>When industry sentiments are positive, the stocks in that industry are generally overvalued. It&rsquo;s only when industry sentiments are depressed that multiple stocks trading at a valuation gap can be found. That is perfectly true for the electric vehicle industry. <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> have plunged as pessimists talk about the industry being dead.</p>



<p>It&rsquo;s a fact that EVs face macroeconomic and competitive headwinds. It&rsquo;s also a fact that EV adoption has been slower than expected. However, it&rsquo;s too early to believe the industry is dead. Once macroeconomic headwinds wane, I expect EV deliveries growth to accelerate.</p>



<p>Further, competition is intense, but not all EV companies will survive. Players will fade out on the back of sustained cash burn. The ones remaining will emerge stronger and lead the next bull run for the industry.</p>



<p>This column discusses three EV stocks to buy now that are undervalued and can deliver multibagger returns by the end of the decade.</p>



<h2>Tesla (TSLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/09/tsla1600-300x169.png" alt="Tesla Motors (TSLA) now an SP500 company with a busy Pond Springs location in northwest Austin, TX"><div>Source: Roschetzky Photography / Shutterstock.com</div></div><p><strong>Tesla</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tsla-stock-quote/"><strong>TSLA</strong></a></span>) used to have the margins of a technology company. With factors of macroeconomic headwinds and competition, margin compression has impacted stock sentiment. In recent news, Tesla announced a <a href="https://www.nbcnews.com/business/business-news/tesla-cuts-us-prices-3-electric-vehicle-models-difficult-week-rcna148693">$2,000 price cut</a> for three of its five models in the U.S. That will have a further impact on EBITDA margin and cash flows.</p>



<p>However, it&rsquo;s important to note that Tesla has strong fundamentals. Once the macroeconomic headwind is navigated, deliveries growth will likely accelerate. Further, there will be casualties in the EV industry on the back of intense competition. Tesla is well-positioned to survive and grow in the long term.</p>



<p>From a stock price perspective, TSLA stock has plunged below $150. Considering weak sales and margin compression, I would not go overboard. However, it makes sense to gradually accumulate. If EV adoption continues to grow globally in the coming years, Tesla will remain among the top three players. <a href="https://hbr.org/2020/02/lessons-from-teslas-approach-to-innovation">Innovation will provide the company</a> with an edge over its peers.</p>



<h2>Li Auto (LI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/liauto1600-300x169.png" alt="Li Auto (Li Xiang) brand logo and electric car in store. A Chinese EV(electric vehicle) company"><div>Source: Robert Way / Shutterstock.com</div></div><p>Amidst high volatility, <strong>Li Auto</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/li-stock-quote/"><strong>LI</strong></a></span>) stock has remained sideways in the last 12 months. I see this as a strong stock performance, considering the industry sentiments. At a forward price-earnings ratio of 18, LI stock is trading at a valuation gap.</p>



<p>I believe if I had to choose an emerging EV company from China, it would be Li Auto. The company looks better positioned for growth and value creation when compared to the likes of <strong>Nio</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/nio-stock-quote/"><strong>NIO</strong></a></span>) and <strong>XPeng </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/xpev-stock-quote/"><strong>XPEV</strong></a></span>).</p>



<p>It&rsquo;s worth noting that Li Auto ended 2023 with a <a href="https://ir.lixiang.com/news-releases/news-release-details/li-auto-inc-announces-unaudited-fourth-quarter-and-full-year-2">cash buffer of $14.6 billion.</a> Further, for Q4 2023, the company reported free cash flow of $2 billion. That implies an annualized FCF potential of $8 billion.</p>



<p>Therefore, financial flexibility is high for aggressive investment in retail network expansion within China. At the same time, the company continues to invest in technological upgrades and new models. In April, Li <a href="https://ir.lixiang.com/news-releases/news-release-details/li-auto-inc-launches-li-l6-five-seat-premium-family-suv">announced the launch</a> of Li L6, a five-seat premium family SUV. The commercial deliveries for L6 have commenced this month and will support healthy deliveries growth.</p>



<h2>Panasonic Holdings (PCRFY)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2018/07/PCRFYmsn-compressor-300x165.jpg" alt="10 Lithium Stocks to Buy Despite the Market's Irrationality"><div>Source: Shutterstock</div></div><p>Among EV battery names, <strong>Panasonic Holdings</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/pcrfy-stock-quote/"><strong>PCRFY</strong></a></span>) stock seems like a steal at $9.5. PCRFY stock trades at an attractive forward price-earnings ratio of 7 and has remained largely sideways in the last 12 months. I expect a big breakout on the upside once industry sentiments reverse.</p>



<p>An important point to note about Panasonic is that the company is high on innovation. Besides planning for EV battery capacity expansion, the company is investing in making batteries with a longer range and higher safety.</p>



<p>In December 2023, Panasonic announced a partnership with <strong>Sila Nanotechnologies</strong> to procure next-generation silicon anode material for EV batteries. With silicon-based EV batteries, the company <a href="https://na.panasonic.com/us/news/panasonic-energy-partners-sila-procurement-next-generation-silicon-anode-material-ev-batteries">expects to achieve a 25% increase</a> in battery energy density.</p>



<p>In terms of manufacturing capacity, Panasonic expects a battery capacity increase of 200 GWh by 2031. That would imply a quadrupling of capacity from the last financial year. Panasonic also expects a steady improvement in EBITDA margin in the coming years.</p>



<p><em>On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines.</em></a></p>
<div><p>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</p></div><h3>More From InvestorPlace</h3>
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<p>The electric vehicle (EV) has been continuously growing as we transition into sustainable energy and resources. Due to increased environmental awareness and consideration, consumers and governments are favoring EVs over traditional gas-fueled cars. As a result, this represents a high-growth potential market for EV producers. In 2023, the global sales for EVs surpassed <a href="https://www.virta.global/en/global-electric-vehicle-market">13.6 million</a>, with 16% of all new vehicles sold being electric. By 2030, we anticipate seeing more than 125 million EVs on the road globally. Below are the three <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> that I believe investors should buy this month.</p>



<h2>Rivian (RIVN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/shutterstock_1854808933-300x169.jpg" alt="rivn stock sign outside the company's HQ in Silicon Valley"><div>Source: Michael Vi / Shutterstock</div></div><p><strong>Rivian </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/"><strong>RIVN</strong></a>) is an American electric vehicle maker that specializes in the production of premium electric sport utility vehicles and pickup trucks. After the company went public in November 2021, Rivian&rsquo;s stock has been facing a sharp decline in its price, falling from its IPO of $129.95 to the current price at $8.63. While the steady decline in stock price may alarm some investors, Rivian still presents a good long-term investment opportunity in the growing EV market.&nbsp;</p>



<p>Unlike its competitors, Rivian is still one of the very few companies that specializes in EV pickup trucks. Rivian&rsquo;s new upcoming models such as <a href="https://rivian.com/newsroom/article/rivian-announces-mid-sized-platform">R2, R3, and R3X</a>, will allow the company to expand its target market as these models offer more affordable options for consumers.</p>



<p>Rivian ended 2023 with around <a href="https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/24707049/why-rivian-stock-is-higher-today/#:~:text=Rivian%20ended%202023%20with%20about,requires%20a%20lot%20of%20money.">$10.4 billion</a> in cash reserves, which is a significantly larger sum than what most of the EV start-ups hold. These reserves will allow Rivian to launch its newer models and help the company get through its restructuring phase. While Rivian still has a long way to go before turning profitable, the increasing sales and the introduction of more affordable models make Rivian a favorable long-term investment.&nbsp;</p>



<h2>Li Auto (LI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/liauto1600-300x169.png" alt="Li Auto (Li Xiang) brand logo and electric car in store. A Chinese EV(electric vehicle) company"><div>Source: Robert Way / Shutterstock.com</div></div><p><strong>Li Auto </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/li-stock-quote/"><strong>LI</strong></a>)<strong> </strong>is a Chinese automaker that produces luxury electric SUVs. Their unique approach to electric vehicles is known as the extended-range electric vehicles (EREVs). They integrate a small gasoline engine to charge the battery, offering a solution to &ldquo;range anxiety&rdquo; commonly associated with pure electric cars. It sets Li Auto apart from its competitors.&nbsp;</p>



<p>The most positive aspect of Li Auto is its continued profitability. Li Auto has been profitable for the past three quarters &mdash; something a lot of its competitors are not able to do. On top of the impressive profitability, Li Auto had solid deliveries. In FY 2023, Li Auto recorded <a href="https://ir.lixiang.com/news-releases/news-release-details/li-auto-inc-announces-unaudited-fourth-quarter-and-full-year-2#:~:text=Total%20deliveries%20for%20the%20full,from%20133%2C246%20vehicles%20in%202022.">376,030</a> total deliveries, a 182.2% increase from 133,246 vehicles in 2022. Furthermore, Li Auto&rsquo;s deliveries were increasing for the last six consecutive quarters before the company cut its<a href="https://www.investors.com/news/ev-stocks-li-auto-sinks-mega-ev-fail-tesla-gm-rival/#:~:text=EV%20Startup%20Slashes%20Delivery%20Outlook&amp;text=That%27s%20down%2024%25%20from%20its,the%2050%2C000%20it%20previously%20targeted."> Q1 delivery guidance.</a> This cut should not concern investors as it seems to be a temporary effort to regain market share. Investors should continue investing in Li Auto.&nbsp;</p>



<h2>XPeng (XPEV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/xpev1600-300x169.png" alt="Xpeng (XPEV) car logo in Shanghai International Automobile Industry Exhibition. EV stocks to Buy"><div>Source: THINK A / Shutterstock.com</div></div><p><strong>XPeng </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/"><strong>XPEV</strong></a>) is a Chinese EV manufacturing company headquartered in Guangzhou with multiple main offices located in major cities overseas.&nbsp;</p>



<p>With recent first-quarter figures, XPeng announced that the company reached cumulative deliveries of new vehicles totaling 22,000 units, in line with the company&rsquo;s guidance. This figure also marks a solid <a href="http://www.aastocks.com/en/stocks/news/aafn-news/NOW.1343592/1">19.7%</a> year-over-year increase.&nbsp;</p>



<p>In 2023, XPeng <a href="https://www.jpost.com/business-and-innovation/all-news/article-761469">delivered 750</a> of its vehicles to Israel. That was the largest single batch of exports for the year. Continuing on this trend, XPeng has been trying to expand beyond its domestic Chinese market. Specifically, the Chinese EV manufacturer has been expanding in Europe, the second-largest international EV market. The company has already started sales in Norway, Netherlands, Sweden and Denmark. It plans to start its G9 SUV and P7 sedan <a href="https://www.carscoops.com/2024/03/xpeng-lands-in-germany-will-start-sales-of-g9-and-p7-in-may/">sales in Germany</a> in just a few weeks. By the end of the year, XPeng is optimistic about joining markets in Italy, France and the U.K. As XPeng continues its reach and sales internationally, investors should start looking into the stock.&nbsp;</p>



<p><em>On the date of publication, Andy Kim did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Andy is a self-taught investor who is interested in ESG and socially responsible investing. He has managed the portfolio of a small investment fund and started his own research firm. Through his freelance writing on InvestorPlace, he hopes to find and share promising investments in companies with the goal of bettering the world.</p></div><h3>More From InvestorPlace</h3>
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The Top 3 EV Stocks to Buy in April 2024

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<p>Flying cars are moving closer to reality, creating a potential trillion-dollar market for some of the world&rsquo;s top <a href="https://investorplace.com/industries/consumer-discretionary/automotive/flying-cars/">flying car stocks</a>. <strong>Boeing</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ba-stock-quote/"><strong>BA</strong></a>), for example, wants in on the market, with plans to launch flying cars in Asia by the time 2030 rolls around. <strong>XPeng</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/"><strong>XPEV</strong></a>) subsidiary <a href="https://asia.nikkei.com/Business/Transportation/China-s-flying-cars-ready-for-liftoff-with-EV-technology">AeroHT will reportedly start taking orders</a> for its flying cars by October, with plans to mass produce by 2025.</p>



<p>Even <a href="https://www.cnbc.com/2024/03/04/flying-car-firm-alef-hits-2850-preorders-worth-over-850-million.html">SpaceX-backed Alef Aeronautics just said it received 2,850 orders</a> for its $300,000 flying car &mdash; with a down payment of $150. Fully electric, the two-seated flying car reportedly has a driving range of 200 miles, and a flight range of about 110 miles. And just in case you don&rsquo;t have $300,000 to spend on a car, the company is working on a four-seater for $35,000.</p>



<p>The flying car market could be worth a massive $1.5 trillion market, even $2.9 trillion by 2040,&nbsp;<a href="https://www.morganstanley.com/ideas/autonomous-aircraft">according to Morgan Stanley.</a>&nbsp;If successful, flying car stocks could soar. In fact, here are three you may want to buy now.</p>



<h2><strong>Joby Aviation (<strong>JOBY</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/jobystock1600-300x169.jpg" alt="Person holding smartphone with logo of startup and aerospace company Joby Aviation (air taxi) on screen JOBY stock."><div>Source: T. Schneider / Shutterstock.com</div></div><p>While its chart is a mess, don&rsquo;t write off <strong>Joby Aviation</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/joby-stock-quote/"><strong>JOBY</strong></a>) just yet.</p>



<p>For one, according to the company, <a href="https://www.barrons.com/articles/joby-stock-evtol-dubai-aa62bd7e">air taxis could be a reality by 2025</a>. Two, backed by a <a href="https://www.jobyaviation.com/news/joby-and-toyota-expand-partnership-long-term-supply-agreement/">$400 million investment</a> from <strong>Toyota</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/"><strong>TM</strong></a>) and a <a href="https://www.jobyaviation.com/news/delta-joby-aviation-partner-home-to-airport-transportation/#:~:text=Delta%20has%20made%20an%20upfront,and%20delivery%20of%20the%20service.">$60 million investment</a> from <strong>Delta Air Lines</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/dal-stock-quote/"><strong>DAL</strong></a>), JOBY is hoping to win the race in getting flying cars off the ground. In addition, JOBY will <a href="https://www.jobyaviation.com/news/joby-widens-usaf-partnership-will-deliver-two-evtol-aircraft-macdill-afb/">deliver two aircraft to the MacDill Air Force Base</a> in 2025 as part of its $131 million contract with the U.S. Air Force.</p>



<p>Better, the company recently completed Stage 3 of its certification process. It&rsquo;s now working on completing its for-credit testing with the Federal Aviation Administration (FAA). It signed a definitive agreement with Dubai that gives JOBY exclusive right to fly air taxis there for six years. Plus, at the end of 2023, JOBY had $1 billion in cash and short-term investments.</p>



<p>Earnings haven&rsquo;t been too shabby either. In its fourth quarter, the company&rsquo;s earnings per share loss of 17 cents beat by two cents. Revenue of $1.03 million beat by $300,000.&nbsp;</p>



<h2><strong>Archer Aviation (<strong>ACHR</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/08/achr1600-1-300x169.png" alt="Archer Aviation's (ACHR) Evtol aircraft displayed at Paris airshow."><div>Source: Aerospace Trek / Shutterstock.com</div></div><p><strong>Archer Aviation</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/achr-stock-quote/"><strong>ACHR</strong></a>) chart isn&rsquo;t much better. But I wouldn&rsquo;t write this one off either.</p>



<p>For one, it&rsquo;s <a href="https://seekingalpha.com/news/4091497-archer-aviation-preps-for-electric-air-taxi-operations-in-india-in-2026?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#:~:text=Archer%20Aviation%20(NYSE%3AACHR),backer%20of%20Indian%20airline%20IndiGo.">targeting electric air taxi trials in India in 2025</a>, as it prepares for commercial service by 2026. At the moment, Archer Aviation is working with government officials in India to get regulatory approvals together. The company also expects to begin its commercial service in New York City by next year.&nbsp;</p>



<p>Also, <strong>Stellantis</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/stla-stock-quote/"><strong>STLA</strong></a>) just <a href="https://www.tipranks.com/news/insider-trading-stla-raises-stake-in-archer-aviation-nyseachr#:~:text=Following%20this%20investment%2C%20the%20total,the%20company%20by%20%2415.6%20million.">raised its stake in ACHR by $15.6 million</a>, and will reportedly &ldquo;absorb&nbsp;the vast majority of the capital expenditures and working capital requirements to manufacture our aircraft at scale. I believe that we are the only eVTOL company in the world to announce a relationship like this with a top automotive manufacturer, and this gives us significant cash flow advantages,&rdquo; as noted by Archer CEO Adam Goldstein.</p>



<p>Archer is also&nbsp;still waiting on certification, where progress is being made.&nbsp;<a href="https://archer.com/certification">According to the company</a>, &ldquo;We are now constructing the Midnight aircraft that will be used in &lsquo;for credit&rsquo; flight testing with the FAA as the company progresses towards our goal of obtaining Type Certification in 2025.&rdquo;</p>



<h2><strong>Lilium (<strong>LILM</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/lilm-stock-1-300x169.jpg" alt="The website for Lilium (LILM) is displayed on a smartphone screen."><div>Source: T. Schneider / Shutterstock.com</div></div><p>We can also look at flying car stocks like&nbsp;<strong>Lilium</strong>&nbsp;(NASDAQ:<a href="http://www.nasdaq.com/symbol/lilm"><strong>LILM</strong></a>) &mdash; which now trades at  91 cents per share.</p>



<p>Over the last few months, the company signed a memorandum of understanding (MoU) with&nbsp;<strong>Lufthansa Group</strong>&nbsp;(OTCMKTS:<a href="http://www.nasdaq.com/symbol/dlaky"><strong>DLAKY</strong></a>) to&nbsp;<a href="https://seekingalpha.com/article/4656823-lilium-stock-explodes-on-lufthansa-deal">explore a partnership</a>&nbsp;on eVTOL aircraft operations in Europe.&nbsp;It also teamed up with <strong>Atlantic Aviation</strong> to &ldquo;construct the necessary infrastructure for their regional air mobility service in the United States,&rdquo; said John Redcay, Chief Commercial and Sustainability Officer at Atlantic,&nbsp;<a href="https://investors.lilium.com/news-releases/news-release-details/lilium-and-atlantic-aviation-unite-electrify-regional-air">as quoted in a LILM press release</a>.</p>



<p>The company also just started &ldquo;production of the&nbsp;advanced, aviation grade battery packs&nbsp;that will&nbsp;power the Lilium Jet&nbsp;on its&nbsp;first&nbsp;piloted&nbsp;flight, targeted for&nbsp;the end of 2024.&nbsp;This latest&nbsp;milestone&nbsp;represents&nbsp;a landmark in the development of the Lilium Jet&nbsp;and&nbsp;follows extensive&nbsp;testing of&nbsp;battery pack&nbsp;subcomponents from&nbsp;individual&nbsp;cell to stack level with&nbsp;a focus on&nbsp;performance,&nbsp;safety&nbsp;and&nbsp;regulatory&nbsp;conformity,&rdquo; <a href="https://investors.lilium.com/news-releases/news-release-details/lilium-starts-production-high-performance-battery-packs-lilium">as noted in a company press release</a>.</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&amp;utm_medium=referral">Publishing Guidelines</a>.</em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>Many investors abandon highly promising shares with little chance of failing. The phenomenon has been exacerbated by overdone fears about elevated interest rates. Short sellers often believe that elevated rates will crush indebted, money-losing firms, regardless of their potential. These short sellers put huge downward pressure on small companies that are still in the red and have some debt. As their stock prices sink, many other investors also avoid buying their shares. As a result, the stocks keep continuously falling, especially if the <strong>Russell 2000</strong> drops, further emboldening the short sellers and inhibiting potential buyers. Sometimes these names do wind up plunging by more than 99%, never coming back to their previous highs. But some such firms do make huge comebacks. One <a href="https://www.nasdaq.com/articles/carvanas-comeback:-shifting-gears-from-turbulence-to-triumph">such case is</a> online auto dealer<strong> Carvana</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/cvna-stock-quote/"><strong>CVNA</strong></a></span>) <a href="https://www.marketwatch.com/investing/stock/cvna?mod=search_symbol">which has soared </a>an incredible 917% over the past 12 months. Here are three other contrarian investments that look poised to follow in Carvana&rsquo;s footsteps. </p>



<h2>Bionano (BNGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/shutterstock_2039115389-1-300x169.png" alt="Bionano Genomics (BNGO) company logo on a website with blurry stock market developments in the background"><div>Source: Dennis Diatel / Shutterstock.com</div></div><p><strong>Bionano</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/bngo-stock-quote/"><strong>BNGO</strong></a></span>) created a method of DNA analysis called optical genome mapping (OGM). Last November, CEO Erik Holmlin <a href="https://seekingalpha.com/article/4652142-bionano-genomics-inc-bngo-presents-stifel-healthcare-conference-transcript">explained that </a>OGM is roughly 20% more accurate than standard DNA analysis tools, known as&nbsp;karyotyping. It enables 20% of leukemia patients, for example, to get more suitable treatments. OGM is also reportedly easier to use than karyotyping.</p>



<p>Some have suggested that an alternate technique, called sequencing, will replace karyotyping. However, sequencing analyzes a maximum of 10,000 base pairs of DNA, while OGM can analyze as many as 100,000 base pairs. OGM is also 20% more accurate than sequencing as a result.</p>



<p>Many very prestigious hospitals, including Houston&rsquo;s MD Anderson and Children&rsquo;s Hospital Los Angeles, <a href="https://seekingalpha.com/article/4676180-bionano-genomics-inc-bngo-q4-2023-earnings-call-transcript">utilize OGM</a>. What&rsquo;s more, pharma companies are utilizing OGM to evaluate cells used in gene therapies. In November, Holmlin noted that usage by pharma firms had jumped 100% year-over-year. </p>



<p>Within the next two months, BNGO stock may benefit from a huge, game-changing catalyst. The American Medical Association (AMA) is slated to consider whether to approve OGM for use in cytogenomic chromosomal abnormalities in its meeting next month. Since Medicare determines its reimbursement policies for lab tests based on AMA&rsquo;s approvals, the use of BNGO&rsquo;s products is likely to soar if the AMA votes in favor of OGM.</p>



<p> Holmlin said that news about the AMA&rsquo;s decision could surface near Q2&rsquo;s end. </p>



<h2>SolarEdge (<strong>SEDG</strong>)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/solaredge-sedg-1600-300x169.jpg" alt="the solar edge logo on an iPhone. SEDG stock"><div>Source: rafapress / Shutterstock.com</div></div><p>A combination of high interest rates in the U.S., elevated inventories of <strong>SolarEdge&rsquo;s </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/sedg-stock-quote/"><strong>SEDG</strong></a></span>) solar inverters in Europe, and regulatory changes in California <a href="https://seekingalpha.com/article/4681371-solaredge-under-shipping-demand">have caused</a> SolarEdge&rsquo;s financial results to plummet in the last few quarters. </p>



<p>But U.S. interest rates are still expected to drop over the long term, while European inventories will eventually be depleted, and SEDG <a href="https://seekingalpha.com/article/4671773-solaredge-technologies-inc-sedg-q4-2023-earnings-call-transcript">expects &ldquo;gradual&rdquo; </a>improvement in the California market.</p>



<p> SEDG has said that it expects its EPS to bounce back to $3 in a more &ldquo;normalized&rdquo; environment. Analysts are even more upbeat, as their<a href="https://finance.yahoo.com/quote/SEDG/analysis"> average estimate calls</a> for the company&rsquo;s 2025 earnings per share to come in at $4.21. That means that the shares are currently changing hands at a very low forward price-earnings ratio of 13.3 times. </p>



<p>What&rsquo;s more, many analysts expect the solar sector to get a boost from increased electricity consumption in the U.S.</p>



<p>SEDG&rsquo;s low valuation and high growth potential make it one of the best contrarian stocks available. </p>



<h2>Xpeng (XPEV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/xpev1600-300x169.png" alt="Xpeng (XPEV) car logo in Shanghai International Automobile Industry Exhibition. EV stocks to Buy"><div>Source: THINK A / Shutterstock.com</div></div><p>Last month, Chinese electric-vehicle maker <strong>Xpeng&rsquo;s </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/xpev-stock-quote/"><strong>XPEV</strong></a></span>)<a href="https://seekingalpha.com/pr/19671714-xpeng-announces-vehicle-delivery-results-for-march-and-first-quarter-2024"> deliveries jumped 29%</a> YOY to 9,026 EVs. </p>



<p> The automaker says that its new X9 EV is now the leading MPV (multi-purpose vehicle) in China, as XPEV delivered nearly 4,000 X9 EVs in March.</p>



<p>Meanwhile, the penetration of XPEV&rsquo;s leading ADAS offering, XNGP, continues to increase as 82% of its customers utilized it in urban driving scenarios last month. And its &ldquo;unlimited XNGP&rdquo; offering was provided to more of its customers in March. </p>



<p>Also noteworthy is that it expanded recently to Thailand,&nbsp;Singapore,&nbsp;Malaysia and Germany. </p>



<p>Finally,<a href="https://investorplace.com/2024/04/contrarians-delight-3-stocks-to-scoop-up-amid-the-ev-demand-slump/">earlier this year Xpeng expanded </a>its partnership with <strong>Volkswagen</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/vlkaf-stock-quote/"><strong>VLKAF</strong></a></span>), boding well for its long-term outlook. </p>



<p><em>On the date of publication, Larry Ramer held long positions in XPEV and BNGO. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em>.</p>
<div><p>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</p></div><h3>More From InvestorPlace</h3>
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