Extreme Option Profits Chart of Day…Nio Inc. (NIO)

Keep an eye on Nio Inc. (NIO) heading into earnings.

We expect to hear good things after the company announced it delivered 7,257 vehicles in March – an increase of 373% year over year.  In addition, for the first quarter of 2021, it delivered 20,060 vehicles – an increase of 423% year over year. 

If the company provides solid guidance for the rest of the year, NIO could have the potential to accelerate from a current price of $42.62.  Helping, CLSA analyst Soobin Park just initiated coverage of the stock with a buy rating, and a $50 price target.  

We also have to consider that general EV growth isn’t likely to slow.

This is just one of the opportunities we find quite often inside Extreme Option Profits. 

 

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