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Aptera Motors Corp. Class B
(NASDAQ:SEV)
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Rating:41Neutral
Price Target:
$1.50
▼(-34.78% Downside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by weak financial performance—negative equity, high leverage, persistent operating losses, and an uncertain cash-flow profile. Technicals also remain bearish with the stock below key moving averages and negative MACD, though oversold RSI/Stoch slightly temper the downside. Valuation is difficult to support with a negative P/E and no dividend, while corporate events provide some positive operational progress but do not remove near-term execution and financing risk.
Positive Factors
Lower production capital needs
The reduced capital requirement improves Aptera’s prospective path from development to production by lowering the funding burden associated with its asset-light manufacturing strategy. If achieved, the Launch Design partnership could preserve cash, reduce execution friction, and bring the business closer to self-funded operations.
Negative Factors
Highly leveraged balance sheet
Negative equity combined with sizable debt leaves Aptera with limited balance-sheet flexibility as it funds production and commercialization. This capital structure can constrain investment choices, increase dependence on external financing, and make the company more vulnerable if operating progress takes longer than planned.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower production capital needs
The reduced capital requirement improves Aptera’s prospective path from development to production by lowering the funding burden associated with its asset-light manufacturing strategy. If achieved, the Launch Design partnership could preserve cash, reduce execution friction, and bring the business closer to self-funded operations.
Read all positive factors
Aptera Motors Corp. Class B (SEV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$67.13M
Dividend YieldN/A
Average Volume (3M)272.02K
Price to Earnings (P/E)―
Beta (1Y)1.65
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees46
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-1.37
Shares Outstanding28,949,488
10 Day Avg. Volume351,724
30 Day Avg. Volume272,020
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)-1.12
Price to Sales (P/S)0.00
P/FCF Ratio-7.19
Enterprise Value/Market Cap1.23
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-478.61
Enterprise Value/Ebitda-1.88
Forecast
1Y Price Target
$7.50Price Target Upside226.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.01
Revenue Forecast (FY)$150.00K
Aptera Motors Corp. Class B Business Overview & Revenue Model
Company Description
Aptera Motors Corp. is a solar-mobility innovator focused on creating exceptionally efficient solar electric vehicles (sEVs). The company's flagship product is a unique two-person, three-wheeled vehicle, meticulously engineered for ultimate effici...
How the Company Makes Money
Aptera’s primary intended revenue model is selling its solar-assisted electric vehicles to customers, generating revenue from vehicle sales once commercial production and deliveries occur. Additional expected revenue streams include customer depos...
Aptera Motors Corp. Class B Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
18
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -172.00K | 0.00 | 0.00 | -449.00K | -252.00K | -14.59K |
| EBITDA | -43.88M | -47.54M | -36.62M | -58.61M | -81.48M | -96.51M |
| Net Income | -42.05M | -43.91M | -37.12M | -59.29M | -82.28M | -96.52M |
Balance Sheet | ||||||
| Total Assets | 32.60M | 1.42B | 35.21M | 38.41M | 39.92M | 24.24M |
| Cash, Cash Equivalents and Short-Term Investments | 10.13M | 206.00M | 1.35B | 16.97M | 10.78M | 19.33M |
| Total Debt | 2.19M | 574.00M | 24.66B | 3.41M | 14.35M | 59.60K |
| Total Liabilities | 8.03M | 1.53B | 8.04M | 12.91M | 22.96M | 84.77M |
| Stockholders Equity | 24.57M | -107.00M | 26.89M | 25.50M | 16.96M | -60.53M |
Cash Flow | ||||||
| Free Cash Flow | -25.67M | -16.69M | -26.07M | -25.11M | -47.16M | -14.33M |
| Operating Cash Flow | -24.07M | -15.26M | -22.50M | -19.68M | -35.86M | -14.02M |
| Investing Cash Flow | -1.61M | -1.43M | -3.57M | -5.43M | -11.30M | -306.88K |
| Financing Cash Flow | 22.73M | 13.14M | 22.27M | 31.31M | 38.60M | 33.01M |
Aptera Motors Corp. Class B Technical Analysis
Negative
2.30
Price Trends
2.10
Negative
2.11
Negative
2.48
Negative
Market Momentum
-0.15
Positive
32.77
Neutral
12.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEV, the sentiment is Negative. The current price of 2.3 is above the 20-day moving average (MA) of 1.91, above the 50-day MA of 2.10, and below the 200-day MA of 2.48, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 32.77 is Neutral, neither overbought nor oversold. The STOCH value of 12.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SEV.
Aptera Motors Corp. Class B Risk Analysis
Aptera Motors Corp. Class B disclosed 51 risk factors in its most recent earnings report. Aptera Motors Corp. Class B 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
Aptera Motors Corp. Class B Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | $3.20M | -0.18 | 9999.00% | ― | ― | ― | |
44 Neutral | $32.24M | -0.45 | -253.36% | ― | 112.11% | 96.59% | |
41 Neutral | $67.13M | -1.20 | 658.45% | ― | ― | ― | |
39 Underperform | $9.11M | -0.05 | -153.17% | ― | -39.70% | 13.16% |
* General Sector Average
SEV
Aptera Motors Corp. Class B
1.64
-4.20
-71.92%
WKHS
Workhorse Group
2.95
-10.25
-77.65%
CENN
Cenntro Electric Group
3.71
-9.89
-72.71%
SSM
Sono Group
1.18
-7.53
-86.45%
Aptera Motors Corp. Class B Corporate Events
Business Operations and StrategyFinancial Disclosures
Aptera Lowers Capital Needs, Advances Lean EV Production
Positive
Oct 1, 2026
Aptera Motors Corp., a Carlsbad‑based solar mobility company developing an ultra‑efficient solar electric vehicle, is positioning itself in the EV market as a capital‑efficient, sustainability‑focused public benefit corpora...
Business Operations and StrategyPrivate Placements and Financing
Aptera Motors Launches Strategic Manufacturing Partnership in China
Positive
Aug 20, 2026
On August 14, 2026, Aptera Motors Corp. entered into a strategic partnership with Shanghai Launch Automotive Technology Co., Ltd., under which Launch will provide manufacturing, engineering, tooling, testing and related services for Aptera’s...
Business Operations and StrategyPrivate Placements and Financing
Aptera Forms Strategic Partnership to Scale Solar EV Production
Positive
Aug 20, 2026
On August 20, 2026, Aptera Motors announced a strategic partnership and investment agreement with Launch Design, also known as Shanghai Launch Automotive Technology Co., Ltd., to support its transition to high-volume production of solar electric v...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Aptera Motors Adds Independent Director to Board
Positive
Aug 14, 2026
On August 11, 2026, Aptera Motors Corp. expanded its board of directors from four to five members and appointed Wellington J. Reiter as an independent director, effective the same day. Reiter also joined the company’s Audit Committee, reinfo...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Aptera Motors Highlights Q2 Losses and Production Progress
Negative
Aug 12, 2026
In its August 12, 2026 update, Aptera Motors reported a Q2 2026 GAAP net loss of $10.9 million and a first‑half GAAP net loss of $21.1 million, with non‑GAAP adjusted net losses of $7.2 million and $13.4 million respectively, while red...
Business Operations and StrategyPrivate Placements and Financing
Aptera Motors Closes Warrant Inducement to Bolster Liquidity
Neutral
Jul 13, 2026
On July 10, 2026, Aptera Motors entered into a warrant inducement deal with existing warrant holders to immediately exercise March 2026 warrants for 2,880,000 Class B shares at a reduced price of $2.07, yielding about $5.96 million in gross procee...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
Aptera Motors Gains EPA Approval for Launch Edition
Positive
Jul 7, 2026
On July 7, 2026, Aptera Motors announced it had received a Certificate of Conformity from the U.S. Environmental Protection Agency, issued on June 18, 2026, for its 2026 Aptera Launch Edition vehicle. This certification confirms the model meets fe...
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.