NIO's Q2 Results Impress: Should Investors Buy the Stock Now?
NIO(NIO) ZACKS·2024-09-09 23:15
Shares of China EV company NIO Inc. (NIO) rallied more than 14% on Thursday after the company delivered strong second-quarter 2024 results. The gain continued on Friday, with the stock up another 3.5%. Robust vehicle deliveries, continued improvement in vehicle margins and an upbeat outlook are likely to have fueled investors’ optimism.NIO Puts Up a Stellar Q2 ShowNIO posted better-than-expected top and bottom-line numbers. Also, the loss per ADR narrowed to 34 cents from 51 cents incurred in the year-ago q ...