RE:Before the report…not looking good?Your concerns might not be warranted. Before earnings there is such a thing as a blackout period during which "peoples in the know" are not allowed to trade.
In any case I do not expect earth-shattering earnings because Joliet is just starting to produce buses. They have a while to go before they rampup.
St.Jerome might report incremental sales and if the analysts report those data as a percentage increase it might bring in some excited buyers and move the stock. But keep in mind that St Jerome is a tenth the size of Joliet. LEV will make or break in the US where it faces competittive Goliaths. I anticipate the stock to be range bound or maybe even decline. But then I have no crystal ball.
Marc has spent a sizeable chunk of time, energy, staff and dollars setting up sales/marketing centres across the US which are supposed to ease the paprace labyrinth for fleet customers to access government subsidies. Without such subsidies, rest assured, no one is buying a $300-$350,000 bus.
To buttress the above they have also partnered recently with Mitsubishi Capital.
I'd be looking for numbers in firmed up orders and signed purchase orders, order backlogs, and guidance for the rest of 2023 and for 2024.
Then there is Mirabel. Has the initial batch of batteries passed all the required tests and received approval from various ministries? US included?
Cheers. Spring seems to be peeking from around the corner.