"The tariff-driven market volatility has been rough on shares of Chinese electric vehicle (EV) maker Nio Inc. ( NYSE: NIO), which in April fell to a multiyear low of $3.02. Shares rebounded afterward. They are now up 75.5% year to date and trading near a 52-week high after it posted record-breaking delivery numbers for September and the third quarter. Those results were attributed in part to growing sales of the mass-market Onvo and Firefly brands."
"The stock is now trading 97.7% higher than six months ago. Compared to a year ago, Nio's share price is up 8.8%. Wall Street sentiment remains somewhat cautious, with half of 26 analysts who cover the stock recommending buying shares. Their mean price target is $6.57, which is below the current share price. Note that the high price target has ticked up to $9.03. UBS recently upgraded its rating on the stock to Buy."
"There are some encouraging tailwinds for shareholders, though. The Chinese carmaker's high-performance models, which feature a +600-mile range, have caught the eye of vehicle enthusiasts and investors, while addressing range anxiety issues by creating battery swap technology as a supplement to charging. Nio is a leading electric vehicle manufacturer in China and has been expanding its presence internationally."
Tariff-driven volatility pushed Nio shares to a multiyear low of $3.02 in April before a strong rebound. Shares recovered to trade near a 52-week high and rose 75.5% year-to-date, driven by record delivery numbers in September and the third quarter. Growing sales of mass-market Onvo and Firefly models contributed to the delivery gains. The stock traded 97.7% higher than six months earlier and 8.8% above its price a year ago. Analysts remained cautious: half of 26 recommend buying, with a mean price target of $6.57 and a high target of $9.03. UBS upgraded the rating to Buy. Nio pursues battery-swap technology and international expansion while offering high-performance models exceeding a 600-mile range.
Read at 24/7 Wall St.
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