XL Fleet (NYSE:XL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of XL Fleet (NYSE:XLGet Rating) to a sell rating in a report issued on Tuesday morning.

XL Fleet Price Performance

NYSE XL opened at $1.40 on Tuesday. The business has a 50 day simple moving average of $1.28 and a 200 day simple moving average of $1.62. XL Fleet has a one year low of $1.07 and a one year high of $7.45. The stock has a market capitalization of $197.97 million, a P/E ratio of -3.99 and a beta of 0.91.

XL Fleet (NYSE:XLGet Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter. XL Fleet had a negative return on equity of 14.60% and a negative net margin of 249.90%. The business had revenue of $4.76 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XL. Refined Wealth Management boosted its position in shares of XL Fleet by 15.3% in the fourth quarter. Refined Wealth Management now owns 48,065 shares of the company’s stock valued at $159,000 after acquiring an additional 6,366 shares during the period. National Asset Management Inc. boosted its position in shares of XL Fleet by 36.4% in the first quarter. National Asset Management Inc. now owns 26,250 shares of the company’s stock valued at $53,000 after acquiring an additional 7,000 shares during the period. Teacher Retirement System of Texas boosted its position in shares of XL Fleet by 60.8% in the first quarter. Teacher Retirement System of Texas now owns 21,674 shares of the company’s stock valued at $43,000 after acquiring an additional 8,198 shares during the period. Arizona State Retirement System boosted its position in shares of XL Fleet by 50.7% in the first quarter. Arizona State Retirement System now owns 28,265 shares of the company’s stock valued at $56,000 after acquiring an additional 9,510 shares during the period. Finally, Point72 Hong Kong Ltd boosted its position in shares of XL Fleet by 323.2% in the first quarter. Point72 Hong Kong Ltd now owns 12,993 shares of the company’s stock valued at $26,000 after acquiring an additional 9,923 shares during the period. Institutional investors own 28.22% of the company’s stock.

About XL Fleet

(Get Rating)

XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles.

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