Electrameccanica Vehicles Corp SOLO

Consumer Cyclical Auto Manufacturers

ElectraMeccanica Vehicles Corp. is a Canada-based designer and assembler of environmentally efficient electric vehicles. The Company is focused on exploring other strategic third-party opportunities and potential options for its business primarily within the electrification sector, which includes mergers or acquisitions of other assets or entities, collaborations, including partnerships and joint ventures, divestitures, and other potential transactions.

NDAQ:SOLO - Post by User

Electrameccanica Vehicles Corp

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Post by STOCKRUSon Jun 01, 2021 11:09am

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Post# 33302981

EV Industry News - Reports $32.7M Q1

If analysts at Roth Capital are correct, there could be much more upside based on their target. Roth currently has a Buy rating on Ideanomics and gave it a $7 target earlier this quarter. Based on the recent $3 level, that would equate to a move of more than 130%. Whether or not it actually reaches those levels is to be seen. The current 52-week high sits at $5.53, which is also its all-time high.

$32.7 M Revenues in Q1 & Cash $356 M

https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results

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