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Cantor Fitzgerald maintained its neutral rating and $3.00 price target on Lucid Group Inc . (NASDAQ:LCID) Monday. According to InvestingPro data, LCID currently trades at $2.10, with analyst targets ranging from $1.00 to $5.00. The company’s market capitalization stands at $6.4 billion, though it faces challenges with a -105% gross profit margin.
The electric vehicle manufacturer recently strengthened its supply chain for American raw materials through a multi-year agreement with Graphite One for U.S.-sourced natural graphite.
The supply agreement, announced on June 4, will support Lucid’s future vehicles, which will utilize natural synthetic graphite materials mined and produced under directed supply agreements with the company’s battery cell suppliers.
Production of the American-sourced natural graphite is expected to begin in 2028, according to the supply agreement details.
Lucid’s strategic move to secure domestic graphite supplies comes as electric vehicle manufacturers increasingly focus on establishing reliable supply chains for critical battery materials.
In other recent news, Lucid Group has announced its first-quarter performance for 2025, with analysts from Stifel highlighting the company’s effective cost optimization strategies. The firm maintained its Hold rating, citing concerns over cash burn and potential capital needs despite Lucid’s ability to meet its production targets. Meanwhile, Cantor Fitzgerald also reaffirmed a Neutral rating for Lucid, noting the company’s advanced technology and strong partnership with the Public Investment Fund, while expressing concerns over negative gross margins and management changes. In strategic developments, Lucid Group has secured a multi-year supply agreement with Graphite One for American-sourced natural graphite, starting in 2028, to enhance its supply chain. This agreement aligns with Lucid’s broader strategy to source essential minerals locally and reduce carbon footprints. Additionally, Lucid has opened a new Studio and Service Center in Rutherford, New Jersey, marking its 43rd location in North America. This expansion aims to meet the rising demand for electric vehicles in the region. Furthermore, Lucid has appointed Douglas Grimm to its board of directors, bringing his extensive experience in the automotive sector to the company.
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