We recently published 10 Stocks Quietly Rising By 2026. NIO Inc. (NYSE:NIO) is one of the best performers on Monday.
NIO Inc. extended its winning streak for a third straight day on Monday, jumping 4.71 percent to close at $5.34 apiece, as investors cheered the company’s preliminary sales guidance for the fourth quarter of the year.
According to Chinese media outlet 36kr, citing NIO Inc. (NYSE:NIO) founder and CEO William Li telling Chinese customers that the company aims to record 30 billion yuan ($4.27 billion) in vehicle sales during the last quarter of the year.
In its last earnings call earlier this year, NIO Inc. (NYSE:NIO) also provided an optimistic outlook for the fourth quarter of the year, with vehicle deliveries expected between 120,000 and 125,000, or an increase of 65.1 to 72 percent from the same quarter in 2024.
Photo by Michael Fousert on Unsplash
Total revenue is expected to reach between $4.6 billion and $4.78 billion, implying an implied growth of 66.3 percent to 72.8 percent year-on-year.
In the third quarter alone, vehicle sales totaled $2.7 billion across 87,071 vehicle deliveries, bringing NIO Inc.’s (NYSE:NIO) total revenue to $3.06 billion.
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Disclosure: None. This article was originally published in Internal jumpsuit.