Lion Electric Shares: Price, Dividends and Performance

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Nishadh Mohammed updated on 6 March 2023

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Lion Electric is one of the newest stocks on the Canadian stock market, and as such, may have attractive growth potential.

How much can you make with Lion Electric stock?

Get up-to-date and precise information on Lion Electric stock with its current price, dividend yield, analysis and our opinion.

Watch out!

This page is for information purposes only and does not constitute investment advice. Remember that investing can be risky.

Want to buy shares in Lion Electric: Our key take-aways

Stock Exchange: TSX

  • Stock Index: S&P/TSX 60
  • Dividend 2021: $0
  • Dividend forecast 2022: $0
  • 1 Year Performance: N/A

Should I buy Lion Electric stock?

Lion Electric stock should be viewed as a growth stock, not a yield stock.

The company will go public in 2022 and is not yet paying a dividend to its shareholders. However, the stock is currently trading below its IPO price, which represents a real opportunity for growth-oriented investors.

Analysts expect the stock to begin an upward trend soon and move towards $35 in the medium-term. This could be a good opportunity for capital gains.

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How can I buy shares in Lion Electric ?

To buy Lion Electric on the stock market:

  1. Find an online broker offering stock investments.
  2. Open your trading account by filling out a simple form.
  3. Deposit funds into your account.
  4. Search for the stock
  5. Place a buy order to add Lion Electric to your stock portfolio.

To invest in Lion Electric, you can go through a traditional investment firm, an online brokerage or speak with a financial advisor.

How much are Lion Electric shares?

See price chart below to follow Lion Electric stock price in real time.

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Why Lion Electric shares could go up:

To see what the future holds for Lion Electric's newly listed stock, it's best to look at its key strengths and weaknesses. Here are some of the strengths of the stock and the reasons why the price of the stock should rise:

  • Strong demand: First, Lion Electric Group should benefit from its industry and the significant increase in demand for heavy-duty electric vehicles in the United States and Canada.
  • A growing order book: In recent months, the Group has seen its order book fill up with orders from major industrial groups and institutions for very large amounts.
  • Strong innovation capability: Lion Electric invests nearly all of its revenue in research and development, particularly in order to achieve major technological advances in battery autonomy.
  • Increasing shipments: Lion Electric's annual shipments have also been increasing significantly for several years now.
  • Strong support from analysts: The company also enjoys the support of many analysts, with a gradual increase in the stock's price target.

Why Lion Electric shares could go down:

Of course, it's not all good news for Lion Electric, which also has some potentially dangerous weaknesses to contend with. Here's what's driving the stock down:

  • A shortage of components: The automotive industry, and more specifically the electric vehicle industry, is currently affected by a shortage of certain components, including semiconductors, which could slow down production.
  • Strong competition: Lion Electric is well positioned in its market, but faces strong competition from some of the major automakers that have historically been active in this sector and have significant cash flow.
  • Lack of dividend payout: Finally, Lion Electric's stock may suffer from a lack of shareholder return, as yield-seeking investors are likely to turn away from the stock in favour of other stocks in the industry.

Can I buy Lion Electric stock online?

Yes! You can buy Lion Electric shares online. For many buyers this is the best way to do it. Here's why:

  • The commissions are lower
  • You can choose your own investments
  • You benefit from analysis and decision support tools
  • You can invest in stocks directly or through derivatives like ETFs.

How can I sell my Lion Electric shares?

You cannot sell Lion Electric stock without first holding it in your stock market portfolio if you use traditional Canadian investment vehicles.

However, you may be able to short the stock through a margin account or use derivatives such as options or CFDs to bet on a decline in its price.

What investment vehicles in Canada can hold Lion Electric stock?

Lion Electric shares can be placed in several different savings vehicles including"

  • RRSPs: these registered retirement savings plans offer funds that are accessible at the time of retirement and offer an income tax deferral.
  • TFSAs: tax-free savings accounts is an incredibly popular short-and long-term tax-free investment vehicle.
  • Margin accounts: This account offers leverage and allows you to borrow against the value of the securities you hold to make other investments. It allows you to sell short.
  • Cash accounts: This account allows you to trade stocks on North American markets only.

Now you can buy Lion Electric stock online through a broker and add it to your portfolio. All you need to do is select the quantity of shares you wish to purchase and place your buy order.

You can also invest in a basket of stocks that includes LEV stock through a mutual fund or ETF.

Lion Electric share price history over 10 years:

Time periodGrowthHighLow
1 week
-11.19%10.459.13
1 month
-16.32%11.548.74
3 months
-36.90%14.738.74
6 months
-35.61%18.308.74
Lion Electric 10-year performance

Lion Electric dividends and payment dates

In 2021, Lion Electric did not pay a dividend to its shareholders.

Lion Electric has never rewarded its shareholders in the past or since its initial public offering.

Lion Electric has never rewarded its shareholders in the past or since its IPO, and its current policy is to focus on growth by reinvesting its profits in strategic projects such as acquisitions and research and development.

Of course, it is possible that the company will decide to pay a dividend in the coming years, and until then, Lion Electric stock remains an attractive growth stock.

What is the dividend yield for Lion Electric over the last 10 years?

The yield on Lion Electric shares is obtained by dividing the annual dividend by the annual average price.

A stock's yield provides key information about a company's dividend policy and its evolution over time and performance.

Good to know

Annual gross shareholder return = Total dividend for the year ÷ average share price for the same year

Good to know

The 10-year average return = Sum of annual returns ÷ 10

What analysts are saying about Lion Electric stock:

A critical analysis of Lion Electric stock:

Fundamental analysis of LEV's stock is largely in favour of buying it, with the following elements:

  • An undervalued stock: Based on various indicators and the value of Lion Electric, this stock is undervalued.
  • Below IPO price: The recent decline in the share price below its IPO price in early 2022 represents an attractive buying opportunity.
  • A high price target: Analysts working on the stock are looking for a strong performance in the medium to long-term with a price target close to $35.
  • Good business visibility: Lion Electric Group's order book provides excellent visibility and a clear view of the company's future revenue.
  • Consistent consensus: Analysts' consensus views are consistent, suggesting that visibility is good for the company's business and that its communication is correct.
  • Rapid return to profit: While losses are still expected for the group in 2022, 2023 should mark the return to profit and push the value up.

A technical analysis of Lion Electric stock:

When it comes to technical analysis of Lion Electric stock over the medium to long-term, the signals are more mixed. Here are the main indicators to keep in mind:

  • The RSI indicator is currently at the 46.755 level, which does not give any particular signal.
  • The short- and medium-term stochastics are sending an oversold signal for the stock, while the long-term stochastic is sending an overbought signal.
  • The MACD is currently at 0.78 and is the only indicator giving a buy signal.
  • The MA5, MA10 and MA20 simple and exponential moving averages as well as the MA50, MA100 and MA200 exponential moving averages are sending a sell signal and the MA50, MA100 and MA200 simple moving averages a buy signal.
  • The next technical support levels are located at 6.89 and 5.72 while the next resistance levels are at 9.16 and 10.26

Who is Lion Electric?

The Lion Electric Company Group is a Canadian-based manufacturer of zero-emission vehicles.

The group designs and manufactures electric commercial transit trucks and electric buses and minibuses for the school, paratransit, and mass transit markets.

The vehicles developed by the group are V2G electrically network-capable and are all equipped with the LionBeat telematics platform, which allows for remote data monitoring independent of the charging infrastructure.

The range of vehicles developed by the group includes the following models

  • The Lion6, which is a Class 6 truck
  • The Lion8, which is a Class 8 truck
  • The Lion8 Reefer and Lion8 Refuse school buses, with the LionC being a Type C school bus and the LionA being a Type A school bus
  • The LionM which is a shuttle bus

The group also offers spare parts for vehicle maintenance and currently employs 1,000 people.

Lion Electric markets its vehicles in Canada and the United States as follows:

  • 65% of its sales are generated in Canada
  • 35% of its sales are generated in the United States

Who are Lion Electric’s competitors?

Lion Electric is one of the current industry leaders in Canada and the U.S., but faces significant competition from major companies including:

  • Girardin Blue Bird: This bus dealer offers school buses, minibuses, commercial buses and paratransit buses.
  • Thomas Built Buses: This North Carolina-based manufacturer of school buses and motor coaches is a subsidiary of Freightliner Trucks of Daimler Trucks North America.
  • XL Fleet: Provides electrified powertrain solutions for commercial vehicle fleets.
  • Nova Bus: This bus manufacturing company is based in Quebec and is owned by Volvo Bus through its subsidiary Volvo Canada.
  • Nikola Corporation: this American automobile manufacturer specializes in the design and production of alternative-powered vehicles.
  • IC Bus: This Illinois-based U.S. bus manufacturer is a subsidiary of Navistar International and currently produces school buses and commercial buses for various applications.
  • GreenPower Motor Company: This Canadian electric bus manufacturer designs and produces several models of high-floor and low-floor vehicles including transit buses, school buses and shuttle buses. The group also manufactures fully electric buses designed to be battery powered.

Who are Lion Electric’s partners?

Of course, Lion Electric also has some strategic allies in the form of partnerships with other companies. The most recent partners include

  • Geotab: A partnership was recently formed with Geotab, a global leader in IoT and connected transportation, to power LionBeat, the company's electric vehicle telemetry system.
  • ABB: Another partnership has been signed with ABB to boost the transition to a zero-emission future in North America. ABB is offering Lion Electric its full range of charging equipment, which will be marketed through Lion Energy.
  • Nuvve: Nuvve has partnered with ABB to develop a specific software platform to enable bi-directional charging for Lion vehicles. The platform will enable these transit vehicles to support the electrical grid during peak demand periods.
  • Demers Ambulances: This company, which has been producing ambulances for more than 60 years, has partnered with Lion Electric to create a 100% electric ambulance.
  • FLO: Finally, another partnership has been established with FLO as part of a distribution agreement. Lion will offer its North American customers the FLO line of charging stations, including smart charging stations.

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Nishadh Mohammed
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Nishadh Mohammed is a seasoned news editor and financial writer, working with HelloSafe since May 2023. Nishadh has developed expertise in financial markets, insurance, and investment products, with a deep understanding of the Canadian financial landscape. He has honed his SEO skills and content marketing strategies while writing for Canadian publishing houses. Armed with a master's in Business Analytics and extensive journalistic experience, Nishadh uniquely combines data proficiency and thorough research to deliver comprehensive and accessible information.