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Lucid (LCID) Cuts 2025 Production Guidance Amid Global Trade Tensions
Lucid Group, Inc. (NASDAQ:LCID) is one of the best EV penny stocks to buy according to hedge funds. On August 5, the company announced its second-quarter 2025 financial results, revising its full-year 2025 production forecast downward to 18,000–20,000 vehicles from the previous estimate of 20,000 cars. Lucid cited caution amid an unprecedented number of surprises this year and macroeconomic challenges. During the quarter, Lucid produced 3,863 vehicles and delivered 3,309 vehicles, marking a 38% increase in deliveries compared to the same period last year. Revenue reached $259.4 million, slightly below some analyst expectations, though representing a 29% increase year-over-year. The company reported a net loss of $855 million for the quarter, or $0.28 per share (GAAP), with an adjusted loss per share of $0.24, missing forecasts. Lucid attributed its lowered production guidance partly to global trade tensions impacting costs and supply chains, as well as consumer spending caution and tariff-related pressures that increased production costs. The company stated that it is actively ramping up production of its Gravity SUV and has initiated partnerships with Uber and Nuro for robotaxis. Lucid Group, Inc. (NASDAQ:LCID) is a U.S.-based luxury EV manufacturer. The company is known for its flagship sedan, the Lucid Air, which features high-performance battery technology and advanced autonomous driving capabilities. Lucid operates a production facility in Arizona and has expanded its global footprint through strategic partnerships and international sales. While we acknowledge the potential of LCID as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Performing Crypto Stocks So Far in 2025 and 10 Best Low-Risk Index Funds to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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3 days ago
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Commercial Vehicle Group (CVGI) Reports Q2 Revenue Decline Amid Market Softening
Commercial Vehicle Group, Inc. (CVG) (NASDAQ:CVGI) is one of the best EV penny stocks to buy according to hedge funds. On August 4, the company reported its Q2 2025 financial results, where revenues declined by 11.2% year-over-year to $172 million. The company attributed the drop to softening demand in the construction, agriculture, and Class 8 truck segments globally. CVG posted a net loss of $4.1 million, or $(0.12) per diluted share, in the quarter. In comparison, the net loss in Q2 2024 was $1.3 million, or $(0.04) per diluted share. Likewise, adjusted EBITDA decreased 36.6% year-over-year to $5.2 million, with an adjusted EBITDA margin of 3.0%, down from 4.2% in the second quarter of 2024. CVG boosted its gross margin to 11.3%, an 80 basis point improvement from Q1 2025, despite revenue pressures, and generated $17.3 million in free cash flow, up sharply from $800,000 a year earlier, thanks to better working capital management. For full-year 2025, the company now expects net sales of $650–$670 million, adjusted EBITDA of $21–$25 million, and free cash flow of at least $30 million. Commercial Vehicle Group, Inc. (NASDAQ:CVGI) is a global supplier of cab and electrical systems, seating assemblies, and plastic components for commercial and electric vehicles. The company serves OEMs across the trucking, construction, and industrial markets, and has expanded its capabilities to support EV platforms through advanced wire harnessing and power management solutions. While we acknowledge the potential of CVGI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Performing Crypto Stocks So Far in 2025 and 10 Best Low-Risk Index Funds to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
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3 days ago
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Workhorse Group (WKHS) Reenters Exclusivity Period for Potential EV Manufacturer Merger
Workhorse Group Inc. (NASDAQ:WKHS) is one of the best EV penny stocks to buy according to hedge funds. On August 4, the company announced it had entered a new exclusivity agreement with a privately held U.S.-based manufacturer of electric commercial vehicles in connection with a potential transaction. The two companies are discussing a possible deal where the manufacturer would merge into a new subsidiary of Workhorse. In return, the manufacturer would receive newly issued shares of Workhorse common stock. Workhorse previously entered a 14-day exclusivity agreement from July 14 to July 28, 2025, restricting negotiations with other parties, except under a 'fiduciary out.' A new seven-day agreement reinstates those terms. The company clarified this update isn't an offer to sell securities or solicit votes, and cautioned that ongoing talks may not lead to a final deal or maintain current terms. Workhorse Group Inc. (NASDAQ:WKHS) is an American electric vehicle manufacturer specializing in commercial delivery vans and trucks. Its product lineup includes the W4 CC and W750 electric vans, designed for last-mile logistics and fleet operations. Workhorse operates manufacturing facilities in Ohio and leverages strategic partnerships to enhance vehicle performance and distribution. While we acknowledge the potential of WKHS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Performing Crypto Stocks So Far in 2025 and 10 Best Low-Risk Index Funds to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
