Full Answer
How did Xpeng’s share price perform in June?
Xpeng shares rose 1.8% at the open to 168 Hong Kong dollars before ending the day flat. Known for its P7 sedan and G3 SUV, the Chinese electric carmaker delivered 6,565 vehicles in June — that’s a 617% increase year-on-year and a monthly record.
What is Xpeng Inc?
XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China. XPEV: XPeng vs. Kandi Technologies Group: Which Chinese Electric Vehicle Stock is a Better Buy?
Will Xpeng stock outperform or underperform the S&P 500 over the long term?
Vote “Outperform” if you believe XPEV will outperform the S&P 500 over the long term. Vote “Underperform” if you believe XPEV will underperform the S&P 500 over the long term. You may vote once every thirty days. XPeng does not currently pay a dividend. XPeng does not have a long track record of dividend growth.
How has Xpeng performed in the past 90 days?
XPeng has only been the subject of 3 research reports in the past 90 days. XPeng has received 50 “outperform” votes. (Add your “outperform” vote.) XPeng has received 11 “underperform” votes. (Add your “underperform” vote.) XPeng has received 81.97% “outperform” votes from our community.
What Happened
The Alibaba Group Holding Ltd BABA 1.13% -backed company said it would list its shares on the New York Stock Exchange under the ticker “XPEV.”
Why It Matters
The electric vehicle maker raised $400 million ahead of the filing from Alibaba, along with the Qatar Investment Authority and Abu Dhabi sovereign wealth fund Mubadala, CNBC reported last week.
How many vehicles did Xpeng deliver in June?
Xpeng, known for its P7 sedan and G3 SUV, delivered 6,565 vehicles in June — that’s a 617% increase year-on-year and a monthly record. The Guangzhou-based firm delivered 17,398 vehicles in the second quarter of the year, above its own guidance.
Why are Chinese companies listed in Hong Kong?
U.S.-listed Chinese companies have looked to list in Hong Kong as a way to hedge against tensions between China and the United States. Earlier this year, U.S. Securities and Exchange Commission adopted rules that impose stricter auditing requirements on foreign firms listed in the U.S.
Is Xpeng a primary or secondary listing?
That means it will be subject to the rules and oversight of both U.S. and Hong Kong regulators, which isn’t the case with a secondary listing. The electric carmaker said last month that it would price shares at no more than 180 Hong Kong dollars each.
Where does XPeng trade?
XPeng trades on the New York Stock Exchange (NYSE) under the ticker symbol "XPEV."
What is the rating of XPeng?
XPeng has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Is XPeng stock rising?
XPeng Stock Is Rising Ahead of Earnings. What to Watch. - Barron's
Does XPeng pay dividends?
XPeng does not currently pay a dividend.
Why is Xpeng listed on the stock exchange?
and New York Stock Exchange for its listing because the U.S. still offers the most “sophisticated and deepest” capital markets in the world, company President Brian Gu said in an interview. That’s important in a new and growing industry. Xpeng and its U.S.-listed Chinese peers.
How much did Xpeng sell?
Xpeng expected to sell 85 million American depository receipts, or ADRs, for about $12. The company ended up selling 100 million ADRs for $15 each, raising roughly $1.5 billion in the process. (An ADR is, essentially, stock in a foreign company that is traded on U.S. exchanges.)
Is Xpeng going public?
Chinese electric vehicle maker Xpeng#N#Another Electric Car Maker Is Going Public. What You Need to Know About Xpeng.#N#Another Chinese electric-vehicle company is raising money and listing shares in the U.S—capitalizing on the current hot market for EV stocks.#N#Continue reading#N#(ticker: XPEV) sold more shares for more money than the company planned in its initial public offering, or IPO, priced Wednesday evening—then opened up well above that price once trading started Thursday. It’s another sign that demand for EV stocks is still through the roof#N#Tesla Stock Is Worth $400B. Here’s Why.#N#There is no stopping electric vehicle stocks these days. The EV stocks tracks rose about 6% Wednesday, led by an incredible 28% gain in Li Auto shares.#N#Continue reading#N#.
How much does Xpeng cost?
Xpeng. , which has ambitions to rival Tesla, has priced its shares at HK$165 each, helping the Guangzhou-based start-up raise HK$14 billion (US$1.8 billion), making it the biggest dual-primary listing by a US-listed Chinese company.
Can XPeng drive by itself?
Chinese XPeng electric car can drive and park by itself. Xpeng, known for its smart EVs such as its. P7 sedan. , is marketing 85 million shares in the Hong Kong offering. Each American depositary share will represent two shares in Hong Kong. Trading in Hong Kong is slated to start on July 7 under the stock code “9868”.
Is Beigene a dual listed company?
Shares that are listed in Hong Kong and the US are fungible, which means investors can buy and sell the shares on either exchange and their prices are unlikely to diverge too much. Pharmaceutical company BeiGene was the first company from the mainland company to be dual-listed in the US and Hong Kong.
XPeng is exploding -- in a bad way. And it's all because of the IPO
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Four days ago, Chinese electric car maker XPeng ( NYSE:XPEV) roared onto the public markets. Debuting at an IPO price of $15 per American Depositary Share, XPeng ran ahead 41.5% on its first day of trading and then tacked on 7.4% more on its second day.
So what
Through 1:55 p.m. EDT Monday, XPeng shares have already retreated 10% from their closing price Friday and are down 18% from their intraday high hit Thursday. And yet, there appears to be no particularly bad news afoot today -- no analyst downgrades, no sudden reductions in price target, nothing more substantive than falling share prices.
Now what
No, I think the plain truth of the matter is that XPeng stock is falling today not because of something the analysts have said about it nor because of something the company has done wrong, but because its IPO last week went so very right.