Xos
About: Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets. The company's primary focus is on medium- and heavy-duty commercial vehicles that travel on last mile routes. The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership basis than internal combustion engine and commercial EV counterparts.
Employees: 161
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
19% more funds holding
Funds holding: 27 [Q1] → 32 (+5) [Q2]
0.22% more ownership
Funds ownership: 1.98% [Q1] → 2.21% (+0.22%) [Q2]
23% less capital invested
Capital invested by funds: $1.56M [Q1] → $1.2M (-$361K) [Q2]
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
DA Davidson Michael Shlisky 43% 1-year accuracy 10 / 23 met price target | 97%upside $9 | Neutral Downgraded | 16 Aug 2024 |
Northland Capital Markets Donovan Schafer 67% 1-year accuracy 6 / 9 met price target | 97%upside $9 | Outperform Reiterated | 15 Aug 2024 |
Wedbush Daniel Ives 67% 1-year accuracy 85 / 126 met price target | 163%upside $12 | Outperform Maintained | 15 Aug 2024 |