Bullboard - Stock Discussion Forum Lion Electric Ord Shs LEGWQ

Primary Symbol: T.LEV Alternate Symbol(s): LEVGQ | T.LEV.WT | LEVWQ | T.LEV.WT.A

The Lion Electric Company is a manufacturer of zero-emission vehicles. The Company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. It is engaged in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies. Each Lion vehicle is... see more

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Lion Electric Ord Shs > BMO Reviews Q3

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Post by Dibah420 on Nov 08, 2023 3:46pm

BMO Reviews Q3

BMO Reviews Lion Electric's Q3 Results, Maintains Market Perform, US$2 Target

MT Newswires - Nov 08, 2023 2:35 PM EST

02:35 PM EST, 11/08/2023 (MT Newswires) -- Lion Electric reported its Q3 2023 results. "It is encouraging that gross margin has so far been tracking better than expected and opex has been fairly stable despite top-line growth," notes BMO.

Although uptake for commercial electric trucks remains sluggish, the U.S. electric school bus market should continue to grow.

BMO remains Market Perform on Lion Electric with a US$2 target. "We believe there is still significant uncertainty associated with LEV's production ramp, there is risk of further subsidy delays, and we believe additional financing is required, which would weigh on the stock."

Price: 2.33, Change: -0.20, Percent Change: -7.91

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