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Why NIO Stock Is Trading Higher Today – Motley Fool

After a good earnings report, Wall Street remains upbeat on NIO’s growth potential.



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What happened
Shares of Chinese electric-vehicle maker NIO (NYSE:NIO) were trading higher on Thursday, after two Wall Street analysts released bullish notes on the company in the wake of its better-than-expected earnings report.
As of noon EST, NIO’s American depositary shares were up about 5.2% from Wednesday’s closing price.
So what
Analysts from Citi and J.P. Morgan both released bullish notes on NIO during the day on Wednesday. Those notes, and NIO’s good earnings report, were probably why auto…

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