Roth MKM initiated coverage of Xos (XOS) with a Buy rating and $15 price target The company is an early leader in all-electric Class 5-6 step vans, with over 700 units delivered to-date, the analyst tells investors in a research note. The firm says its growth initiatives moving to supply electric vehicle drivetrains to third-party car makers and offering the charging Hub both leverage substantial parts overlap with the Xos step vans. Xos currently has good visibility on a large order book for over 700 electric vehicle step vans, contends Roth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
