RE:BRP, Bombardier, Lion Électrique (La Presse) Recent analyst reviews
Benoit Poirier, Desjardins Capital Markets (Montreal)
“I am pleased with the growth in vehicle deliveries reported in the latest quarterly results despite continued supply chain disruptions. And despite the recent slowdown in new orders in the truck market, I continue to believe that Lion Electric's major capacity expansion projects [in Quebec and Illinois] will benefit it in the long term. The manufacturing efficiencies that should be generated by these expansion projects and Lion's commercial success in the school bus market support my optimism for the company. »
Rupert Merer, National Bank Financial (Toronto)
"Because Lion Electric is investing in increasing its production capacity in Quebec and Illinois, I worry less about its short-term profit margins, but more about its ability to increase sales and meet its backlog. orders. Meanwhile, rising fuel prices and increased government funding in the United States and Canada for electric and zero-emission vehicles could generate significant new orders this year. For investors, I anticipate Lion shares will trade at a discount until its truck orders pick up momentum. Which I think could happen when it starts producing vehicles from its plant in Illinois, because Lion can benefit from the “Made in America” label. »
Recent analyst reviews
Benoit Poirier, Desjardins Capital Markets (Montreal)
“I am pleased with the growth in vehicle deliveries reported in the latest quarterly results despite continued supply chain disruptions. And despite the recent slowdown in new orders in the truck market, I continue to believe that Lion Electric's major capacity expansion projects [in Quebec and Illinois] will benefit it in the long term. The manufacturing efficiencies that should be generated by these expansion projects and Lion's commercial success in the school bus market support my optimism for the company. »
Rupert Merer, National Bank Financial (Toronto)
"Because Lion Electric is investing in increasing its production capacity in Quebec and Illinois, I worry less about its short-term profit margins, but more about its ability to increase sales and meet its backlog. orders. Meanwhile, rising fuel prices and increased government funding in the United States and Canada for electric and zero-emission vehicles could generate significant new orders this year. For investors, I anticipate Lion shares will trade at a discount until its truck orders pick up momentum. Which I think could happen when it starts producing vehicles from its plant in Illinois, because Lion can benefit from the “Made in America” label. »