Why XL Fleet Shares Are Trading Lower Today

Benzinga2021-08-13

XL Fleet Corp (NYSE:XL) is trading lower Friday after the company announced worse-than-expected second-quarter financial results.

XL Fleet reported a quarterly earnings loss of 8 cents per share, which came in below the estimate for a loss of 5 cents per share. The company reported quarterly revenue of $3.69 million, which came in below the estimate of $4.4 million.

We believe market interest in commercial fleet electrification solutions remains strong, however, supply chain issues and wide scale shortages of key materials, especially microchips, continue to impact the global automotive industry, significantly interrupting the ability of fleet customers to secure new vehicles on which our electrified drive systems are installed,” said Dimitri Kazarinoff, CEO of XL Fleet.

XL Fleet is a provider of fleet electrification solutions for commercial vehicles in North America.

Price Action: XL Fleet has traded as high as $35 and as low as $5.41 over a 52-week period.

At last check Friday, the stock was down 6.90% at $6.61.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

uma1
2021-08-13
uma1
Hi
lihodinho
2021-08-13
lihodinho
Yea
- lihodinho:
  yea
Dennishyh
2021-08-13
Dennishyh
Like and comment
- YS_ZENG:
  don e
ApplePL
2021-08-13
ApplePL
Pls like n comment. Will revert.thx
- Dennishyh:
  ok
stonker
2021-08-13
stonker
Yo
- LW100:
  Comment
Ladious
2021-08-13
Ladious
Like
- Dindindino:
  Done
- stonker:
  Hi

Leave a comment

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