Since my video last week Polestar
ticker sample psny is up nearly 50% and
continues to keep going. but there are
other great EV stocks in the market
right now too so in this video I'll look
at some of these other opportunities. ($tsla)
what's up investors and welcome back to
the channel in today's video I will look
at these other opportunities the latest
news at each company along with the
financial statements and analyst price
targets for each one each of these is a
real company with real Wall Street
analyst coverage offering massive upside
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before they run now let's get into the
first stock. ($PSNY)
Polestar is a global Pure Play premium
electric vehicle company based in Sweden
with a mission to produce Progressive
electric performance carriers designed
and engineered without compromise they
say they are a design-focused electric
performance car brand harnessing refined
performance and Cutting Edge technology
Polestar which is backed by the Volvo
Car Group Geegly Automotive also counts
Hollywood actors Leonardo Dicaprio and
Oscar Isaac amongst its investors. The
company is determined to improve the
society we live in by accelerating the
change to fully electric climate neutral
and Net Zero greenhouse gas emissions
while leading the development of new
technologies the company was originally
founded in 1996 as a racing company and
developed a partnership with Volvo
before being acquired by the Volvo group
in 2015. in 2019 they also opened their
Polestar production facility and by 2020
were making their first sales.
Polestar is operating in select countries
across Europe North America and Asia but
are planning major expansion over the
next two years further increasing their
reach across Europe Asia and the Middle
East now I just want to take a look at
this before getting into the most recent
developments for Polestar but as a
reminder that unlike most EV companies
also are already producing and
delivering a large quantity of vehicles
when we look at EV companies in general
the delivery figures are extremely low
with the exception of Tesla
who are Miles ahead of everybody else
but last year Polestar delivered 29 000
units. (Polestar stock) #polestar
Polestar posts first profitable quarter as
it races towards 50 000 deliveries in
2022 strategic cost-coding measures and
Rising demand push pulls there into
positive earnings territory as the
company owes 50 000 deliveries by Year's
End so Polster managed to turn a profit
in the first time in the company's
history meanwhile many electric vehicle
brands have watched their losses widened
this earning season #polestarcars
now I will talk about this in a little
bit more detail in a moment when I look
at the financial statements the
headlines are deceiving from the
perspective that this profit could very
well have been a loss under different
Market circumstances but polls there are
a hell of a lot further down the road
towards profitability than most EV
stereotype companies they announced that
they have agreed funding for over 1.6
billion with their main shareholders
Volvo and Geely Automotive which led
Polestar CEO Thomas English to State the
Polestar $PSNY now has sufficient funds until
2023 and remains laser focused on
business execution so this is huge
reports that to have this funding which
I am sure will stretch Beyond 2023 and
at that point the company should become
fully profitable All-Star CEO stated on
the company's Q3 earnings call we are a
really V company we are in production we
are putting cars on the road today we
are delivering on our ambitious growth
plan and this is showing in the
company's results
now in my opinion A lot of people seem
to forget that there is a massive
difference between an EV company that is
talking about producing vehicles and a
massive difference between this and
between a company that is actually
producing vehicles that are for sale and
that are being delivered and this is the
major difference with Polestar Polestar
do major deals with Major Brands back in
April Polestar began delivering EVS to
Hertz which is truly one of the world's
biggest companies the agreement with
Hertz is for 65 000 Vehicles over the
next five years that is only one deal 65
000 vehicles
for example pause there is aiming for 50
000 sales in the full year 2022 so to
have one contract for 65 000 is
absolutely massive that is the
equivalent of 13 000 vehicles per year
this one contract alone is more Vehicles
than most EV startups can produce in a
full 12 month year
now looking at the earnings report and
the financial statements we can see the
Polestar achieved revenue of 1.48
billion on the 30 000 deliveries in the
in the first nine months of 2022 but
that gross profit margin is improving
year over year but is still incredibly
low gross profit margin of only about
one percent which is fairly low in my
opinion and an operating loss of 169
million
Suppose there is still making losses the
company is still at least a full year
away from profitability maybe more
there is however a net income or net
profit of 299 million this is the reason
why some of the headlines are saying
that Polestar is now a profitable company
a net profit of nearly 300 million on
revenue of 400 million looks incredible
but this is completely due to a change
in fair value of earn out rights
when we look at the balance sheet we can
see the Polestar has just under 1.3
billion of cash and total assets of 3.6
million but don't forget that this 1.3
billion of cash
is the position at September 30th the
recent 1.6 billion deal that was agreed
with Volvo and Julie Holdings was agreed
in November and this will not show up on
the accounts until the full year
earnings report so overall Polestar is in
an excellent financial position so what
do analysts think of Polestar three Wall
Street analysts are offering 12-month
price targets four polls there with an
average price target of 10.50 a high
forecast of 12 and a low forecast of
nine which represents over 80 percent
change from the last price of 583.
looking at Market beat
we can see the Polestar is on the up it is
at the top of both today's range and its
50-day range
with poles that I've been given a new
analyst rating just yesterday of 12 from
Citigroup which offers 100 upside.
Fisker ticker symbol FSR in terms of the
EV industry this stock is being valued
very low at the moment at around 2
billion dollars market cap and Fisker is
different than nearly every other EV
company their entire business model is
different and they have a very
interesting history
in 2007 Henrik Fisker founded the first
Fisker ($FSR) company they produced the world's
first production luxury plug-in hybrid
electric vehicles and in 2008 and was
first delivered in 2011. however for
several unfortunate reasons production
was suspended in 2012. then Fisker was
relaunched in 2016 and went public under
the New York Stock Exchange through a
merger with Spartan energy Corp in
October 2020 so who is Henrik Fisker is
an acclaimed designer who has designed
several Aston Martin carrots over the
last decade that the VA advantage and
the DB9 are both credited to him
and he has brought in other Aston Martin
Personnel into Fisker 2. so Fisker is a
pre-revenue startup that has adopted an
asset-like business model Cisco is
bypassing large Factory costs by doing
contract manufacturing and bypassing the
need to have dealer networks by going
direct with their sales
this makes them a very interesting
investment at the current price now
there are pros and cons to this business
model on one hand Fisco doesn't have to
build a factory but on the other hand
they lose emerging because they're
paying someone else to build the care
but in today's crazy Market environment
I can only see this as a huge positive
for any EV startup company this allows
Fisker to produce at a much lower cost
in a time when costs seem to be
spiraling out of control Fisker is just
now launching their first model the
ocean SUV which is being dubbed as the
world's most sustainable EV featuring a
solar roof in the very latest news from
Fisker they have just started production
on schedule with more than 63
reservations reflecting strong Global
Demand with two gyms sold out in the U.S
market for 2023 as it says here the
Fisker ocean uses more than 50 kilos of
recycled biodegradable and overall
eco-conscious materials to reflect its
commitment to sustainability
fisker's production ramp in Austria will
see over 300 units manufactured in q1
which is very little but with a rapid
increase to 8 000 units in Q2 (fsrstock)
more than fifteen thousands will follow
in Q3 and in Q4 the company will finish
the year with enough units to Total 42
000 so that is a massive ramp up in
production over the space of 12 months
now in the past couple of weeks Fisker
have released their latest earnings
report. (fisker stock)
so looking at the financial statements
we can see that they have total assets
of 1.4 billion and total liabilities of
820 million being an asset light model
assets are primarily made up of cash
totaling more than 800 million dollars
while liabilities consist mainly of
these convertible senior notes they have
a current ratio of nearly seven to one
and an asset to liability ratio of just
under two to one which is fantastic to
see in a company like this overall total
stockholder Equity totals nearly 600
million so if we remove those
convertible nodes from the calculation
this would be about 1.2 billion and
considering the company's market cap
this is a very strong Equity position
looking at the income statement as we
would expect Fisker has very little
Revenue being a pre-production EV
company they have got sizable losses as
we can see here the loss from operations
for the last three months is 139 million
with a net loss of 149 million
for the year so far their loss from
operations is 352 million with the net
loss of 377. what's important here is
that this is an EV company that is just
beginning production so we will begin to
see Revenue soon however if you look at
other EV companies then we know that
once the sales begin costs will also go
up so it's nice that they have 800
million in the bank otherwise they would
need to do an equity dilution of some
sort. #fsr
so what do analysts think of Fisker
based upon six Wall Street analysts
offering 12-month targets the average
price Target is 1420 with a high
forecast of 28 and a low forecast of 8.
which offers huge upside on the current
share price of eight dollars
looking at marketbeat we can see that
Fisker is in the middle of its 50-day
range and at the lower quarter of its
52-week range which suggests that this
stock is really beat down the fact that
it is in the top half of its 50-day
range suggests that the stock is on the
up and we've seen that from the recent
price movement if you've watched this
far into the video and you enjoy my
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now with wireless earnings report only a
few days finally The Last stock on this
list is Nio ticker symbol nio for
anyone that follows the EV stocks over
the past three years Nio will be a
well-known name however for anyone who
is new to this new is a Chinese EV
company that has gathered a lot of
attention over the past two years this
talk has had an incredible job over the
past month but Nio is a Pioneer in
China's premium electric vehicle Market
their design manufacture and sell
premium EVS Next Generation Technologies
and artificial intelligence Nio has been
in production now for several years and
is considered to not only be a growth
company but in an industry that is in
its infancy Nio is one of the most
established players alongside Tesla
While most DV companies are not yet at
the delivery stage Nio has several EV
models already in production starting
with the ep9 supercar in 2016 right up
to the latest models with future
additions to be added but Nio is so much
more than just standard EV company they
have also developed Nomi which is one of
the most advanced in-care AI assistants
developed by chinese company and they
also have the Nio Formula E team as well
as Nio-house NioLife Nio service and
Niopower which is the mobile
internet-based power solution with
extensive networks for battery charging
and battery swap facilities as Nio
continues to grow so does the power of
its brand and Nio is doing something
that other Chinese EV makers are not
doing which is breaking into the
European market Nio have signed
strategic partners with several Edge
companies as part of their overall
expansion such as the deal with shell to
install battery swapping stations in
China and construct and operate pilot
stations in Europe as a result Shell's
charging Network in Europe will also
become available to new users Nio
service and battery swap technology is
what sets Nio-appaired from other EV
companies ranking them as second only to
Tesla in the global EV market and Nio
founder William Lee expects the company
to be among the top 5 Global automakers
by 2030 in order to achieve this Nio
clearly needs to launch more and cheaper
models and the company is planning to
enter the mass Market with a sub-brand
while the Nio brand continues to
maintain its premium positioning this is
a move which will be something similar
to Toyota and Lexus which will allow Nio
to keep that premium status while
competing across a broad range of market
segments so what do analysts think of
Nio 12 Wall Street analysts have set 12
month price targets for Nio in the last
three months the average price Target is
19 with a high forecast of 32 and a low
forecast of 12. this average price
Target represents nearly 100 gain from
the current price of 10.50
looking at marketbeat we can see that
this stock is in the lowest quarter of
both its 50-day range and 52-week range
in fact Nio is only two dollars above
its 52 week low while being over 30
dollars below its 52-week high so Nio
has just reported a strong third quarter
Revenue as it gears up for a big
year-end production push and I will look
at the financial statements in just a
moment but we can see here that Nio on
October 1st delivered 31 600 vehicles in
the third quarter which is up 29 from (#nio)
the third quarter of 2021. CEO William
Lee said in a statement that the company
has seen wrong interest in its new et5
Sedan which he expects will support a
substantial acceleration of growth
Revenue in the fourth quarter of 2022.
the et5 only began shipping in September
with et5 now available Nio is working to
increase production and shorten customer
waiting times Nio said that investors
should expect it to deliver between 43
and 48 vehicles in the fourth quarter
generating between 2.4 and 2.7 billion
dollars now let's remember that Nio has
been hit how do the most companies with
the Clover lockdowns in China over the
past year ($nio)
which has seen its share price drop very
significantly in the last 12 months
looking at Nio's recent financial
statements we can see that they have
total assets of 13 billion and total
liabilities of 8.9 billion giving the
company total Equity of nearly 5 billion
dollars the National Cash equivalents of
2.5 billion and also have short-term
Investments of 3.7 billion now the
important thing about short-term
Investments is that these tend to be
very liquid so while they have 2.5
billion in cash. (#niostock)
and nearly half a billion in restricted
cash this 3.7 billion could also looking
at Nio's income statement we can see
that they had Revenue in the most recent
quarter of over 1.8 billion dollars
with a gross profit of 243 million
however they did record
an overall net loss of over 670 million
dollars it's vital to remember that as
production ramps up and ramps up these
losses tend to get bigger until we reach
the break-even point which renew has not
come yet this is something that needs to
be remembered in a lot of startup PVS
just because they begin production and
begin sales does not mean that they
would suddenly become profitable it
takes years to achieve profitability but
Nio and Polestar are Miles Ahead of most
companies in this space and Fisker
take a different approach of using an
asset-like model (#nio)
so their costs would not be as extensive
as the likes of Nio or a Tesla so guys
if you want to hear more about any of
these stocks then drop a comment down
below I highly recommend everyone to do
your own due diligence remember that I'm
not a financial advisor and this is not
Financial advice if you're new consider
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next video