Bullboard - Stock Discussion Forum Lion Electric Ord Shs T.LEV.WT

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

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The Lion Electric Company is a manufacturer of zero-emission vehicles. The Company designs and manufactures all-electric school buses, midi/minibuses for special needs or urban transit, as well as urban trucks. Each Lion vehicle is purpose-built for electric and designed and assembled in-house, with its own chassis, truck cabin or bus body, battery technology with modular energy capacity and... 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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