On April 29, Nio (NYSE:NIO) announced that it had secured $1 billion in funding to carry on building electric vehicles. Nio stock jumped 8% on the news. However, shares have been sideways ever since.Source: Sundry Photography / Shutterstock.com Is there something holding back investor enthusiasm for the funding arrangement? You better believe it. Here's the breakdown. 75% of What?Three companies are investing in Nio: Hefei City Construction and Investment Holding, CMG-SDIC Capital, and Anhui Provincial Emerging Industry Investment. They are collectively investing 7 billion yuan, or approximately $1 billion, into the company.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe trickier part of the arrangement is that the investment is going into a newly established company, Nio China.As part of the investment, Nio will transfer its Chinese assets (valued at approximately 17.77 billion yuan or $2.5 billion) into the new company as well as 4.26 billion yuan ($600 million) cash...
Beijing is doubling down on its commitment to electric vehicles and considering the size and potential of the Chinese economy. That's worth taking note. And one of the best ways to bet on the Chinese EV market is with Nio (NYSE:NIO) and NIO stock.Source: Carrie Fereday / Shutterstock.com Shanghai-based Nio, which is often called China's answer to Tesla (NASDAQ:TSLA), manufactures smart, electric, and autonomous vehicles.Like Tesla, it positions itself as a futuristic automotive company with a heavy emphasis on lifestyle. Nio even has a fashion line which it says is inspired by its Nio EP9 vehicle.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCarrying the analogy further, Nio founder William Ben Li is even called the "Elon Musk of China," although there's no indication that Nio's founder is following Musk's more eccentric ways. * 20 Stocks to Buy If You're Still Betting on America to Thrive While there's no guarantee...
Tech giant Apple acquired virtual-reality streaming company NextVR. Meanwhile Foxconn, Apple’s biggest supplier, was hit hard by the coronavirus crisis. Yahoo Finance’s Tech Editor Dan Howley shares the details. ...
NVIDIA Corporation (NASDAQ: NVDA) shares, which have been bouncing along nicely for much of this week amid positive sell-side expectations for the chipmaker's earnings report next week, rose over 3% Thursday. CEO Jensen Huang hosted the annual GTC keynote address virtually, revealing details of a slew of products.Here's how sell-side reacted to the announcements. The Nvidia Analysts SunTrust Robinson Humphrey analyst William Stein maintained a Buy rating and $327 price target.Raymond James analyst Chris Caso reiterated an Outperform rating and increased the price target from $300 to $330.Needham analyst Rajvindra Gill maintained a Buy rating and a Street-high price target of 0.Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating and $340 price target.Nvidia A Unique Growth Asset In Semis, SunTrust Says The GTC Keynote played in line with expectations, Stein said in a note.The significant product announcements include the A100 data center GPU; the DGX AI computer, which integrated eight...
With the stock collapsing following the reverse split, Aurora Cannabis (ACB) needed a strong quarter to change the trend. The Canadian cannabis company is in the middle of a transformational plan that doesn’t always work out as planned.The company delivered in spades. Not only did Aurora report crucial progress in cutting out of costs, but also the company smashed revenue estimates during the coronavirus outbreak. The stock has bounced strong off the lows and is likely headed higher now.According to TipRanks, the consensus on Wall Street is that Aurora Cannabis stock is a “hold” for investors. On one hand, TipRanks might as well have said “buy” — because analysts, on average, think the stock, currently at $10.44, could zoom ahead to $12.78, delivering about 20% profits to new investors. On the other hand, Aurora stock could present investors with better entry points than at $10.44 per share.Dazzling QuarterWhile the company only...
