Lion Electric (LEV) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lion Electric in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LEV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LEV, but not buy additional shares or sell existing shares.
View LEV analyst ratings or view top-rated stocks.

12 equities research analysts have issued 1-year price targets for Lion Electric's stock. Their LEV share price forecasts range from $2.00 to $13.00. On average, they expect the company's share price to reach $5.00 in the next year. This suggests a possible upside of 164.6% from the stock's current price.
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Lion Electric's stock was trading at $2.24 at the beginning of 2023. Since then, LEV shares have decreased by 15.6% and is now trading at $1.89.
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Lion Electric saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 11,150,000 shares, a decrease of 10.0% from the April 15th total of 12,390,000 shares. Based on an average daily volume of 865,300 shares, the days-to-cover ratio is currently 12.9 days. Approximately 11.8% of the company's shares are sold short.
View Lion Electric's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our LEV earnings forecast.

The Lion Electric Company (NYSE:LEV) issued its earnings results on Friday, March, 10th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.03. The firm earned $46.77 million during the quarter, compared to the consensus estimate of $45.16 million. Lion Electric had a net margin of 0.05% and a negative trailing twelve-month return on equity of 17.77%.

ETFs with the largest weight of Lion Electric (NYSE:LEV) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW), Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), SPDR S&P Kensho Smart Mobility ETF (HAIL), Amplify Lithium& Battery Technology ETF (BATT), ALPS Clean Energy ETF (ACES), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), Invesco MSCI Sustainable Future ETF (PZD) and Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

Lion Electric trades on the New York Stock Exchange (NYSE) under the ticker symbol "LEV."

Lion Electric's stock is owned by a number of retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (0.61%), Richelieu Gestion PLC (0.56%), Ionic Capital Management LLC (0.00%), HITE Hedge Asset Management LLC (0.16%), Weiss Asset Management LP (0.00%) and Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.12%).

Shares of LEV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LEV stock can currently be purchased for approximately $1.89.

Lion Electric (NYSE:LEV) has a market capitalization of $412.17 million and generates $139.91 million in revenue each year. The company earns $17.78 million in net income (profit) each year or $0.01 on an earnings per share basis.

The company employs 1,400 workers across the globe.

The official website for the company is www.northerngenesis.com. The company can be reached via phone at 45-0432-5466 or via email at investors@northerngenesis.com.