Lion Electric's Q2 earnings missed expectations, leading to a stock drop and analyst downgrades.

Lion Electric, an electric vehicle maker, reported lower-than-expected Q2 earnings, missing by $0.02 per share and falling short on revenue. The company's stock dropped to $0.35, and it received downgrades from analysts, including Roth Capital, which lowered its rating from "strong-buy" to "hold." Lion Electric's financial metrics showed negative margins and return on equity, and the company now has a consensus rating of "Hold" with a $1.46 price target.

November 09, 2024
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