NIO Stock Is Up 30% This Month. Morgan Stanley Sees More Gains Ahead
“Share outperformance.” Now there’s a vintage term which on account of the stock market’s woeful action in 2022 might be somewhat forgotten. However, that appears to be the case for NIO (NIO) in recent times. This month, all the main indexes have continued to put in an abject display, but shares of the Chinese EV maker have defied the market and are up ~30%.
Morgan Stanley analyst Tim Hsiao attributes the strong showing to a few key drivers.
First off, Q1’s 18% gross margin might…