Tag: Xpeng
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This is Why XPEV Could Push to Higher Highs
Keep an eye on XPeng (XPEV). After pulling back to $14, the stock is starting to pivot higher. All after Bank of America upgraded the stock to a buy, with a $22 price target. The firm likes the $700 million from Volkswagen, which could lead XPEV to produce profits and positive free cash flow in…
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Here’s Why XPEV Just Turned Lower
Xpeng (XPEV) is on the move. All after Volkswagen announced it will invest $ 700 million in the company to develop EVs together, we noted on July 26. At the time, the stock traded at around $18 a share, and would race to a high of $23.62. Now, after pricing in the Volkswagen news, it’s…
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XPEV Hits New 52-week High Thanks to Volkswagen
Xpeng (XPEV) is on the move. All after Volkswagen announced it will invest $ 700 million in the company to develop EVs together. “The Volkswagen Group and XPeng each bring in highly complementary strengths into this long-term strategic partnership,” said XPeng CEO Xianpeng He. “Since the founding of XPeng, we have been developing full-stack technologies…