Summary WOLF recently opened a $1.2 billion state-backed factory to produce silicon carbide chips. The components produced from the factory will be used in consumer electronics, electric vehicles, and 5G infrastructure. I am bullish on these supercycles so it's only natural to be bullish on this stock as well. jiefeng jiang/iStock via Getty Images $Wolfspeed Inc.(WOLF)$ is a buy with theopeningof a new $1.2 billion state-backed factory in Utica, New York, that will see the company pivot into becoming a pure semiconductor company. The factory will producesilicon carbide chips and will be used in a number of products from electric vehicles, solar power inverters, and in 5G infrastructure. In my view, WOLF's pivot towards making these chips is a smart m
Nio Expected To Gross 5% More EV Deliveries In 2021 Than Previous Forecast, Says CICC
China International Capital Corporation Limited has updated its forecast for Nio Inc, saying it expects the Chinese electric vehicle maker to sell 98,000 cars in 2021, 5% more than its previous estimate, as per a cnEVpostreport.What Happened:The China-based investment bank estimates Nio’s production and sales to remain strong in the second half of the year.Nio delivered 21,896 units in the second quarter,near the upper end of the company's 21,000- to 22,000-unit delivery guidance, in line with
A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.Shares of Chinese electric-vehicle maker NIOwere moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $5