Stock FAQs

why did xl fleet stock drop

by Marjory Lockman Published 3 years ago Updated 2 years ago
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XL – A hybrid electric solutions provider for the commercial and public EV market, the shares of XL Fleet (XL) have lost momentum amid current uncertainties related to the EV industry.

Why did XL fleet stock fall 25% in February?

May 10, 2021 · Shares of XL Fleet ( XL 2.01% ) 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 ...

Where can I buy XL fleet shares?

Mar 08, 2021 · What happened Shares of XL Fleet ( XL -6.35% ) fell 25.3% in February, according to data from S&P Global Market Intelligence. The vehicle electrification specialist's stock sold off in …

How much does XL fleet make a year?

Mar 02, 2022 · The company said production challenges due to these issues were likely to continue for several more quarters. The jump in XL stock was as much a result of how far the stock had fallen as what came...

What does XL fleet's P/E ratio mean?

Dec 29, 2020 · As of 2:45 p.m. EST, the stock was down 9%. So what. XL Fleet went public last week after closing its merger with Pivotal Investment, a …

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What's going on with XL Fleet?

XL Fleet Corp. shares have decreased 36% YTD. 2021 revenues decreased 23.3% YoY. 2021 loss from operations increased 285% YoY. These suboptimal results indicate that the company faces significant financial and operational challenges in 2022.Mar 24, 2022

Is XL Fleet a good stock buy?

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, 1 hold rating, and no sell ratings.

Is XL Fleet profitable?

XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America.
...
Earnings & Revenue.
Earnings per share (EPS)-0.35
Gross Margin-2.10%
Net Profit Margin-249.90%
Debt/Equity Ratio0.02%

Why is XL Fleet tanking?

CEO Dimitri Kazarinoff said that right now, the problem isn't so much with XL Fleet's own manufacturing, it's that its fleet customers are having trouble getting new trucks to convert because of the global semiconductor shortage.Aug 13, 2021

How much debt does XL Fleet have?

Additionally, the company has a small debt load of $4.60M. While the company has struggled to generate strong revenues and is free cash flow negative, its balance sheet supports a valuation that is much higher than the one Mr. Market is giving it.May 4, 2022

Is XL Fleet shorted?

9.58% of XL Fleet's shares are currently sold short.

What does Jim Cramer say about XL Fleet?

“I've gotta tell you, if XL Fleet can get even close to hitting its forecasts for 2022 or 2023, and we get some clarity on that relationship with Ford and the F-150, this stock is cheap, darned cheap,” Cramer said. “XL Fleet would be trading at just 3.3 times its 2023 forecast.”Dec 18, 2020

When did XL Fleet go public?

The transaction, which was approved by Pivotal's stockholders at its annual meeting held on December 21, 2020, resulted in the combined company being renamed “XL Fleet Corp.”, with its common stock and warrants to commence trading on the New York Stock Exchange at the opening of trading on December 22, 2020 under the ...Dec 22, 2020

Is XL Fleet a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for XL Fleet in the last year. 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 Monday, May 16th 2022. View our earnings forecast for XL Fleet .

How were XL Fleet's earnings last quarter?

XL Fleet Corp. (NYSE:XL) posted its quarterly earnings data on Tuesday, March, 1st. The company reported ($0.05) EPS for the quarter, beating the T...

What price target have analysts set for XL?

1 Wall Street analysts have issued 12-month price objectives for XL Fleet's shares. Their forecasts range from $12.00 to $12.00. On average, they a...

Who are XL Fleet's key executives?

XL Fleet's management team includes the following people: Mr. Dimitri N. Kazarinoff , CEO & Director (Age 56, Pay $650.5k) Mr. Thomas J. Hynes I...

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) , Ford Motor (F) , General Motors (GM) , 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."

What happened

So what

Shares of XL Fleet ( NYSE:XL) fell 25.3% in February, according to data from S&P Global Market Intelligence. The vehicle electrification specialist's stock sold off in conjunction with a pullback for growth-dependent tech and electric vehicle (EV) companies.

Now what

XL Fleet merged with special purpose acquisition company Pivotal Investment Company II on Dec. 22, and the stock is now down roughly 62.5% from the point at which it went public through the merger.

Where does XL Fleet own its headquarters?

XL Fleet stock has continued to see steep sell-offs early in March's trading. The company's share price has fallen roughly 24.8% in the month so far, with the sharp drop coinciding with the publication of a critical report from short-seller Muddy Waters and a continued sell-off for tech.

Who is Evan from Motley Fool?

The entrepreneur owns the property that XL Fleet leases for its headquarters in Brighton, Massachusetts, and Davis had bought preferred shares in the company's Series D funding round, according to the prospectus.

Is XL Fleet a public company?

Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.

Does Evan Niu have a position in Motley Fool?

XL Fleet went public last week after closing its merger with Pivotal Investment, a special-purpose acquisition company (SPAC). The company provides various electrification solutions to commercial and municipal customers, and electric vehicle (EV) stocks more broadly have been soaring throughout the year while also experiencing extreme volatility.

Where is XL Fleet traded?

Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

What is XL Fleet?

XL Fleet trades on the New York Stock Exchange (NYSE) under the ticker symbol "XL."

What is the rating of XL Fleet?

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.

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.

Who is Evan from Motley Fool?

XL Fleet does not currently pay a dividend.

Does Evan Niu have a position in Motley Fool?

Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.

What is the Vickers top buyer and seller report?

Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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.

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