Is XL fleet (XL) stock over or undervalued?
This Is What You Need to Know It has been a rough 2021 so far for XL Fleet (XL). The stock is down by a value-shredding 70%. The electrical vehicle company's latest quarterly results have done nothing to halt the slide.
Who is the CEO of XL Fleet Corporation?
BOSTON, November 01, 2021--XL Fleet Corp. (NYSE: XL) ("XL Fleet" or the "Company"), a leading provider of vehicle electrification solutions for commercial and municipal fleets, today announced that its Board of Directors (the "Board") has appointed Eric Tech as Chief Executive Officer of XL Fleet, effective December 1, 2021.
What other companies are related to XL fleet?
Some companies that are related to XL Fleet include Tesla (TSLA), General Motors (GM), Ford Motor (F), Thor Industries (THO), Fisker (FSR), Nikola (NKLA) and Winnebago Industries (WGO). View all of XL's competitors. What other stocks do shareholders of XL Fleet own?
What does XL fleet's P/E ratio mean?
The P/E ratio of XL Fleet is 17.83, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.51. The P/E ratio of XL Fleet is 17.83, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 14.81.
Is XL Fleet a buy right now?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for XL Fleet in the last twelve months. There are currently 1 hold rating for...
When is XL Fleet's next earnings date?
XL Fleet is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022. View our earnings forecast for XL Fleet .
How were XL Fleet's earnings last quarter?
XL Fleet Corp. (NYSE:XL) released its quarterly earnings data on Tuesday, May, 10th. The company reported ($0.08) earnings per share for the quarte...
Who are XL Fleet's key executives?
XL Fleet's management team includes the following people: Mr. Eric Tech , CEO & Director (Age 59, Pay $850k) Mr. Thomas J. Hynes III , Founder,...
What is Scott Gunter's approval rating as XL Fleet's CEO?
87 employees have rated XL Fleet CEO Scott Gunter on Glassdoor.com . Scott Gunter has an approval rating of 87% among XL Fleet's employees. 76.0%...
Who are some of XL Fleet's key competitors?
Some companies that are related to XL Fleet include Tesla (TSLA) , General Motors (GM) , Ford Motor (F) , Thor Industries (THO) , Fisker (FSR)...
What other stocks do shareholders of XL Fleet own?
Based on aggregate information from My MarketBeat watchlists, some companies that other XL Fleet investors own include Walt Disney (DIS) , Costco...
What is XL Fleet's stock symbol?
XL Fleet trades on the New York Stock Exchange (NYSE) under the ticker symbol "XL."
Who are XL Fleet's major shareholders?
XL Fleet's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.30%), Vang...
What is XL Fleet?
Where is XL Fleet traded?
XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which offers a more significant MPG and emissions improvement than the hybrid system, while enabling customers to plug in their vehicles to a level 1 or level 2 charging station. In addition, the company offers charging and power management solutions, and Electrification-as-a-Service, which would finance and manage vehicles, powertrains, charging systems, on-site power, and energy storage systems while charging customers on a usage and time basis. It also offers XL Link, an electrification analytics platform. The company offers its products under the brand names of XLH, XL Plug-In, XLP, XL GRID, and XL ELECTRIC. It serves end-use customer base comprising Fortune 500 corporate enterprises, public utilities, and various municipalities. The company was incorporated in 2009 and is headquartered in Boston, Massachusetts.
What is the rating of XL Fleet?
XL Fleet trades on the New York Stock Exchange (NYSE) under the ticker symbol "XL."
Does XL Fleet pay dividends?
XL Fleet has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
What is the Vickers top buyer and seller report?
XL Fleet does not currently pay a dividend.
Is XL Fleet Corp publicly traded?
Daily – Vickers Top Buyers & Sellers for 11/23/2021 The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.
Is XL Fleet a SPAC?
XL Fleet Corp. (NASDAQ:XL) is yet another company that has come to market as a result of the SPAC boom last year. The company began being publicly traded on Dec. 22, and XL stock has been on a volatile ride since its inception.
Is XL Fleet Corp.'s (NYSE:XL) Shareholder Ownership Skewed Towards Insiders?
XL Fleet (NYSE:XL) is one of the companies that went public via a special purpose acquisition company (SPAC) in 2020. XL stock is trading on the New York Stock Exchange. After climbing to more than $32 per share in December 2020, the stock has been steadily declining.
Key Points
If you want to know who really controls XL Fleet Corp. ( NYSE:XL ), then you'll have to look at the makeup of its share...
What happened
The global semiconductor shortage will continue to limit XL Fleet's revenue into 2022, the CEO said.
So what
Shares of XL Fleet ( XL -9.95% ) were trading sharply lower on Friday, after the company reported second-quarter earnings that fell short of Wall Street's estimates and provided a subdued outlook for the remainder of 2021.
Now what
XL Fleet, which offers systems that can be retrofitted to turn internal-combustion trucks into hybrids, reported after the U.S. markets closed on Thursday that it lost about $10.5 million in the second quarter, or $0.08 per share, on revenue of $3.7 million.
Premium Investing Services
Kazarinoff said auto investors should expect XL Fleet's sales to continue to be limited by the shortage of commercial vehicles into 2022. But, he said, the company is working to expand in other areas, including charging infrastructure, while continuing to develop a fully electric powertrain solution that it expects to bring to market next year.
What happened
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So what
Shares of XL Fleet ( NYSE:XL) dipped 24.3% in April, according to data from S&P Global Market Intelligence. The vehicle electrification company had some good news to announce in the month, but volatility in the overall electric vehicle (EV) space weighed on its stock.
Now what
Growth-dependent technology stocks have also recently been under pressure as many investors have rotated into pandemic recovery plays and value stocks. The tech sector has pulled back amid concerns that the U.S.
Summary
XL Fleet's stock has continued to slide in May's trading. The company's share price is down roughly 11.6% in the month so far.
About XL Fleet Corp
XL Fleet Corp. shares have decreased by 65.7% since Q3 earnings were released on 11/15/21.
Post-Q3 earnings report stock performance is telling
On 12/21/20 XL Fleet Corp. was formed as a result of a business combination between privately-held XL Hybrids Inc. and Pivotal Investment Corporation II (PIC), a publicly-traded special purpose acquisition company (SPAC).
The SPAC market - then and now
As the above chart shows, XL's stock price has been absolutely eviscerated since the release of Q3 earnings. XL closed at $5.51 on 11/14/21, the day before Q3 earnings were announced and as of 2/2/22 XL is at $2.04, or a decrease of 63.0%.
XL balance sheet, income statement, and cash flow statement data
The SPAC market was el fuego when XL was formed during " the year of the SPAC " and Santa Claus delivered a big time Christmas present to XL shareholders as the company closed at $29.47 on 12/24/20.
The World Energy Efficiency Services, LLC acquisition
Key takeaways from my review of XL's 3 core financial statements are as follows:
Why World Energy?
On 5/17/21 XL announced the " highly complementary " acquisition of 100% of the membership interests of World Energy Efficiency Services, LLC (World Energy) to further the strategy of its XL Grid business to provide a suite of charging and power solutions to support fleet electrification adoption.
