Why Li Auto Stock Raced Higher on Monday [Yahoo! Finance]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance
That gloomy sentiment wasn't in evidence on Monday, as investors turbo-charged the stock with a nearly 8% gain in price. This was aided in no small measure by an analyst's recommendation upgrade. From neutral to bullish Well before market open, 86Research pushed its Li Auto recommendation up one peg to buy from its previous hold. The reasoning behind the move wasn't immediately clear, and there was no indication of price target. However, the adjustment comes amid something of a bullish pundit stampede on Chinese EV stocks . Last week, influential U.S. investment bank Morgan Stanley added Li and peers Nio and XPeng to its "research tactical ideas" list. Morgan Stanley is convinced that the stock prices of all three will rise over the coming 15 days. 86Research's Li Auto bump also comes on the heels of an EV industry-supporting move by China's Ministry of Commerce. The Ministry announced that people who trade in older cars to buy qualifying (more energy-efficient) internal combu
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LI
News
- Loss making Nio launches cheaper brand [Yahoo! Finance]Yahoo! Finance
- Li Auto, XPeng Report Earnings as New Round of Price Cuts Take Hold [BNN Bloomberg (Canada)]BNN Bloomberg
- Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Li Auto Inc. (LI) InvestorsBusiness Wire
- NASDAQ: LI: Kessler Topaz Meltzer & Check, LLP Notifies Investors of a Securities Class Action Lawsuit Filed Against Li Auto Inc.Business Wire
- INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Li Auto Inc. (LI) InvestorsBusiness Wire
LI
Sec Filings
- 5/7/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/30/24 - Form SC
- LI's page on the SEC website