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Lotus Technology
(NASDAQ:LOT)
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Rating:47Neutral
Price Target:
$0.86
▼(-27.98% Downside)
Action:Reiterated
Date:09/29/26
The score is held down primarily by very weak financial performance (large ongoing losses, cash burn, negative equity, and rising debt) and bearish technical conditions (price below key moving averages with negative MACD). The main offset is a more constructive earnings-call picture with improving deliveries, revenue, margins, and loss reduction under the Focus 2030 plan, but sustained profitability and funding risk remain key uncertainties.
Positive Factors
Delivery and revenue growth
Strong delivery and revenue growth indicates improving product adoption and commercial traction, particularly as lifestyle models and China expand. If sustained, higher volumes can improve operating leverage, support brand visibility, and provide a broader base for future margin expansion.
Negative Factors
Persistent profitability gap
The company remains materially loss-making despite year-over-year improvement, showing that revenue growth has not yet produced a self-sustaining operating model. Continued losses and negative EBITDA can constrain reinvestment, require funding, and make execution toward the 2030 targets more demanding.
Read all positive and negative factors
Positive Factors
Negative Factors
Delivery and revenue growth
Strong delivery and revenue growth indicates improving product adoption and commercial traction, particularly as lifestyle models and China expand. If sustained, higher volumes can improve operating leverage, support brand visibility, and provide a broader base for future margin expansion.
Read all positive factors
Lotus Technology (LOT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$557.38M
Dividend YieldN/A
Average Volume (3M)444.94K
Price to Earnings (P/E)―
Beta (1Y)1.60
Revenue Growth-43.74%
EPS Growth58.87%
CountryUS
Employees1,132
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-1.73
Shares Outstanding648,134,400
10 Day Avg. Volume79,127
30 Day Avg. Volume444,940
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)-0.69
Price to Sales (P/S)1.76
P/FCF Ratio-2.21
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.55
Revenue Forecast (FY)$613.95M
Lotus Technology Business Overview & Revenue Model
Company Description
Lotus Technology Inc. primarily focuses on the engineering, manufacturing, and commercialization of premium, high-performance battery-powered electric vehicles designed for a sophisticated lifestyle. Its product portfolio includes all-electric spo...
How the Company Makes Money
Lotus Technology primarily makes money by selling vehicles (its core revenue stream). Revenue is generated when it delivers Lotus-branded electric vehicles to customers through its sales and distribution channels (which may include direct sales an...
Lotus Technology Earnings Call Summary
Earnings Call Date:Aug 27, 2026
(Q2-2026)
| Next Earnings Date:Nov 19, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful operational and financial progress: strong delivery and revenue growth, materially improved gross profit and margin, and significantly narrower operating and EBITDA losses. Management presented a coherent multi-year Focus 2030 plan (product roadmap, One Lotus integration, and financial targets) and tangible early wins (For Me order momentum, sold-out limited editions, global retail expansion). However, important challenges remain: the company is still loss-making on an absolute basis (and significant when excluding one-offs), Europe faces competitive pressure, ASPs softened due to model mix, chip-driven BOM cost pressures persist, and near-term consolidation of Lotus UK may increase reported expenses. Overall, the improvements and strategic clarity outweigh the near-term negatives, though the path to sustained profitability still requires execution against Focus 2030 milestones.Positive Updates
Strong Delivery Growth
Total vehicle deliveries of 3,904 units in 1H26, up 39% year-over-year, driven by lifestyle vehicles which comprised 77% of deliveries and the ramp of the Eletre X/For Me models.
Negative Updates
Continued Net Losses and Structural Profitability Gap
Despite progress, the company remains loss-making: reported operating loss (USD 97 million) and net loss (narrowed 52% YoY). Excluding one-offs, operating loss remained material at USD 195 million, indicating further work to reach sustained profitability.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Delivery Growth
Total vehicle deliveries of 3,904 units in 1H26, up 39% year-over-year, driven by lifestyle vehicles which comprised 77% of deliveries and the ramp of the Eletre X/For Me models.
Read all positive updates
Company Guidance
Management’s guidance under the Focus 2030 plan targets reaching 30,000 annual vehicle sales (implying a 36% CAGR in volume from 2025–2030), lifting gross margin to above 20% by 2030, and cutting combined SG&A and R&D to under 25% of revenue so that EBITDA/EBIT turn positive; near‑term commercial milestones include Eletre X order openings in Europe (orders opened June 3) with EU deliveries starting in Q4 2026, U.K. launches in mid‑2027 and Middle East deliveries by year‑end 2026, while current momentum is supported by H1 2026 results of 3,904 unit deliveries (+39% YoY), revenue of $268M (+23% YoY), ASP down 3%, gross profit $26M (+47% YoY) and roughly 10% gross margin (≈+1.6 pp), operating loss narrowed 63% to $97M (adjusted EBITDA loss narrowed 57% to $104M from $240M), operating expenses $127.5M (‑46% YoY) with R&D ~$96M, S&M $83M and G&A $46M, China deliveries +60% (58% of volumes), ex‑China deliveries +17.4% (Americas +45%, ROW +164%), and an expectation that chip supply pressures will rebalance by late‑2026/early‑2027 to further support margin improvement.Lotus Technology Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 923.97M | 519.10M | 924.35M | 679.01M | 9.56M | 3.69M |
| Gross Profit | 29.56M | 45.21M | 29.63M | 102.18M | 2.31M | 557.00K |
| EBITDA | -968.32M | -332.19M | -969.96M | -680.98M | -674.62M | -110.89M |
| Net Income | -1.10B | -464.22M | -1.10B | -742.00M | -723.92M | -110.53M |
Balance Sheet | ||||||
| Total Assets | 2.29B | 1.95B | 2.29B | 1.58B | 1.58B | 1.32B |
| Cash, Cash Equivalents and Short-Term Investments | 103.07M | 73.43M | 103.07M | 422.94M | 739.00M | 531.45M |
| Total Debt | 1.19B | 1.84B | 1.19B | 942.04M | 658.60M | 218.27M |
| Total Liabilities | 3.15B | 3.28B | 3.15B | 2.41B | 1.66B | 1.12B |
| Stockholders Equity | -852.86M | -1.32B | -852.86M | -821.77M | -83.96M | 195.32M |
Cash Flow | ||||||
| Free Cash Flow | -905.86M | -413.34M | -905.86M | -600.65M | -484.99M | -161.09M |
| Operating Cash Flow | -848.52M | -333.91M | -848.52M | -386.93M | -351.58M | -126.50M |
| Investing Cash Flow | -579.44M | 277.56M | -579.44M | -197.99M | -149.34M | 244.48M |
| Financing Cash Flow | 1.46B | 128.45M | 1.46B | 284.71M | 758.34M | 364.85M |
Lotus Technology Technical Analysis
Negative
1.19
Price Trends
0.99
Negative
1.10
Negative
1.18
Negative
Market Momentum
-0.05
Positive
35.87
Neutral
11.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LOT, the sentiment is Negative. The current price of 1.19 is above the 20-day moving average (MA) of 0.98, above the 50-day MA of 0.99, and above the 200-day MA of 1.18, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 35.87 is Neutral, neither overbought nor oversold. The STOCH value of 11.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LOT.
Lotus Technology Risk Analysis
Lotus Technology disclosed 91 risk factors in its most recent earnings report. Lotus Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lotus Technology Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | $9.16B | -20.11 | -10.72% | ― | 28.99% | 24.33% | |
47 Neutral | $557.38M | -1.29 | 34.67% | ― | -43.74% | 58.87% | |
46 Neutral | $7.39B | -1.76 | 61.71% | ― | 74.15% | -29.12% | |
45 Neutral | $8.63B | -11.77 | -112.44% | ― | 69.72% | 82.72% | |
43 Neutral | $1.60B | -0.30 | -254.84% | ― | 66.54% | -22.69% | |
41 Neutral | $1.10B | -0.37 | 39.95% | ― | 17.58% | 50.60% |
* Consumer Cyclical Sector Average
LOT
Lotus Technology
0.85
-1.26
-59.72%
NIO
Nio
3.43
-4.46
-56.53%
XPEV
XPeng, Inc. ADR
9.56
-14.25
-59.85%
LCID
Lucid Group
4.07
-20.03
-83.11%
PSNY
Polestar Automotive Holding UK
6.54
-21.92
-77.02%
VFS
VinFast Auto
3.12
-0.11
-3.41%
Lotus Technology Corporate Events
Lotus Technology Narrows Losses as Revenue Climbs in First Half of 2026
Sep 14, 2026
On September 14, 2026, Lotus Technology Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission, furnishing its unaudited interim report for the six months ended June 30, 2026. The filing integrates this report into several existing...
Lotus Technology Narrows Losses and Integrates Lotus UK on Strong H1 2026 Growth
Aug 27, 2026
In the first half of 2026, Lotus Technology reported 3,904 vehicle deliveries, up 39% year-on-year, with lifestyle models making up 77% of volumes and China leading regional growth with a 60% surge in deliveries. The successful launch of the Eletr...
Lotus Technology Unifies Global Operations with Full Acquisition of Lotus UK
Aug 25, 2026
On August 21, 2026, Lotus Technology completed the acquisition of 100% of the equity interests in Lotus Advance Technologies Sdn Bhd, known as Lotus UK, following the exercise of put options by shareholders Geely and Etika. The deal consolidates L...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.