Momentum Builds for Shanghai EV Player NIO After Last Week’s Q1 Update
Despite missing consensus forecasts, NIO stock investors seem more optimistic on an expected H2 recovery Momentum for Chinese electric vehicle manufacturer NIO (HKG:9866, NYSE:NIO) took off last Friday after the company announced first-quarter results. The HK shares closed 5.8% higher today and the US ADRs are up 2.5% at last look ahead of the NYSE open on Tuesday. Although the soft Q1 figures, which reflected lower revenue and constrained operating cash flow, there are several key factors that make NIO an intriguing stock to watch or consider buying into at this juncture. Find A Qualified Fin...