Electrameccanica Vehicles (SOLO) Gets a Buy from Stifel Nicolaus

Stifel Nicolaus analyst J. Bruce Chan maintained a Buy rating on Electrameccanica Vehicles (SOLOResearch Report) yesterday and set a price target of $4.40. The company’s shares closed yesterday at $1.55.

According to TipRanks, Bruce Chan is a 4-star analyst with an average return of 5.8% and a 63.64% success rate. Bruce Chan covers the Industrial Goods sector, focusing on stocks such as FedEx, Forward Air, and TFI International.

Currently, the analyst consensus on Electrameccanica Vehicles is a Moderate Buy with an average price target of $4.40.

See the top stocks recommended by analysts >>

Based on Electrameccanica Vehicles’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.55 million and a GAAP net loss of $20.3 million. In comparison, last year the company earned a revenue of $298.8 thousand and had a GAAP net loss of $11.45 million

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Electrameccanica Vehicles Corp. engages in developing and manufacturing single occupancy electric vehicles. It operates through two segments: Electric Vehicles and Custom Build Vehicles. The Electric Vehicles segment develops and manufactures electric vehicles for mass markets. The Custom Build Vehicles develops and manufactures segment high-end custom built vehicles. The company was founded by Jerry Kroll on February 16, 2015 and is headquartered in Vancouver, Canada.

Read More on SOLO:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More