Opinions Stephen Takacsy, B. Eng, MBA
The Lion Electric CoLEVWEAK BUYJan 30, 2023
$2.51
Stock price when the opinion was issued
$0.02
As of Apr 07, 2026. Market Open.
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Not in his tech fund; owned by individual clients. Good story, but it's gone into freefall. If you own it, hang on for dear life. Don't buy it down here. When it goes through $15, that will tell you the bottom has arrived.
Kim BoltonOwned
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Based in Quebec, this maker of electric school buses and heavy trucks trades both on the TSX and Nasdaq and is a favourite of Mad Money's Jim Cramer. Lion has been on a roll so far this year. In January, Amazon ordered 2,500 trucks from them to be delivered over the next four years. Last month, Lion entered a credit deal worth US$100,000,000 involving National Bank among others, that will enhance the company's liquidity. At the same time, PEI ordered school buses from them.
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BUY
Lion Electric is his favourite in the e-vehicle space. Lion makes e-heavy trucks and e-school buses. They just signed a deal to supply Amazon. Lion will merge with Northern Genesis which should close in a few months. The new company will take Lion's name.
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BUY
https://finance.yahoo.com/news/northern-genesis-spac-rallies-lion-162015419.html Spiked 19% today after news of a deal to supply Amazon. He likes it.
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Leaders in their field and have a huge backlog, but they're losing a lot of money, since it's a capital-intensive business. They recently raised some money, with Power Corp investing half that. If they keep growing at this rate, they will continue to need capital. If you believe in EV's, you have to be in for the long term. Not a bad time to buy it now, but risky.