Wall Street's enthusiasm for electric vehicles (EVs) isn't what it was a couple of years ago. Shares of Chinese electric vehicle manufacturer Nio (NIO -7.69%) are down a staggering 90% from the high they reached in early 2021.A growing fear surrounds China's economy, with conditions marked by Chinese consumers reportedly struggling and spending less. But does all that justify Nio's deep stock decline, or is this an opportunity to buy an up-and-coming company at bargain-basement prices?Most recent sales data ...

Nio (NYSE:NIO) stock is a hot topic among traders on Friday as they react to JPMorgan hitting the electric vehicle (EV) company’s shares with a downgrade.The downgrade for NIO stock has JPMorgan’s analysts dropping the shares from a “neutral” rating to an “underperform” rating. That is below the analysts’ consensus rating of hold based on nine opinions.That downgrade also has the firm cutting its price target for NIO stock from $8.50 per share to $5 per share. That’s a potential 14.5% drop from its prior cl ...

Because of ongoing economic problems in China, electric vehicle manufacturer Nio (NYSE:NIO) hasn’t been a darling of the U.S. financial markets lately. However, my NIO stock analysis indicates that it has the potential to rebound sharply in the next couple of years. Nio’s “electric executive flagship sedan,” the ET9, is coming in 2025 and it will be a key growth driver for the company.Plus, as you may have heard, China’s government is directly intervening in the country’s stock market. That’s positive news ...

NIO Inc. (NIO) closed at $5.97 in the latest trading session, marking a +0.17% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.13%, and the tech-heavy Nasdaq lost 0.32%.Coming into today, shares of the company had lost 4.03% in the past month. In that same time, the Auto-Tires-Trucks sector gained 1.7%, while the S&P 500 gained 2.99%.The investment community will be paying close attention to the earnings performance of NIO Inc. in its upcoming ...

February 2024 saw a respite for the struggling electric vehicle (EV) market and a limited recovery, which was, surprisingly given its 2023 performance, spearheaded by Lucid Motors (NASDAQ: LCID), whose stock rose significantly in the wake of several positive developments and major partnerships.Despite the recovery, most EV stocks have again started struggling in the second half of the month and few so much as the Chinese vehicle maker, Nio Inc. (NYSE: NIO). Indeed, Nio could neither benefit from longer-term ...

Nio (NYSE:NIO) stock is in the red after European Union (EU) battery electric vehicle (BEV) insurance registrations for the month of January were released. Registrations of BEVs tallied in at 92,741, down by 42.3% month-over-month (MOM) but up by 29% year-over-year (YOY). Meanwhile, total EU new car sales were up by 12.1% YOY.Germany and France were behind the MOM BEV registration decline, as they hold the two largest BEV markets in the EU. Germany’s BEV sales fell by 59% MOM while France’s sales fell by 46 ...

NIO Inc. (NIO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned +1.3%, compared to the Zacks S&P 500 composite's +5.2% change. During this period, the Zacks Automotive - Foreign industry, which NIO Inc. falls in, has gained 13.5%. The key question now is: What could be the stock's future direction?Although media reports or rumors ...

The Chinese government’s intention to crack down on mindless EV expansion by the country’s major manufacturers has a positive and negative effect on the Nio (NYSE:NIO) stock outlook. Fortune reported in January that Bejing would come down hard on manufacturers undertaking projects to build additional capacity in the country when demand for EVs is simply not there. The Europeans argue that the subsidies provided by the Chinese government make it easy for Chinese EV makers to flood the car market with cheap E ...

In the latest trading session, NIO Inc. (NIO) closed at $6.09, marking a +1.5% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.91%, and the technology-dominated Nasdaq saw an increase of 0.3%.Heading into today, shares of the company had lost 4.76% over the past month, lagging the Auto-Tires-Trucks sector's loss of 1.49% and the S&P 500's gain of 4.61% in that time.Investors will be eagerly watching for the pe ...

Nio (NYSE: NIO) stock price is still feeling the heat as the divergence between EVs and traditional ICE vehicles continue. It is now languishing near its all-time low as ICE companies like Toyota and Tata Motors hover at their all-time highs. Nio is not alone as other EV stocks like Tesla, Mullen Automotive, and Rivian plunge.Good progress but problems persistCopy link to sectionNio, the Chinese electric vehicle company, has made a lot of progress in the past few years. It has moved from a small startup to ...