NIO's Recovery Looks Like a Changing Story. That Keeps Me Bullish

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2026.05.13 17:42
portai
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NIO Inc. has shown significant recovery in its stock over the past year, with a focus shifting from delivery growth to profitability. The company reported its first quarterly non-GAAP operating profit in Q4 25 and strong volumes in Q1 26, driven by the All-New ES8 SUV, which achieved gross margins of nearly 25%. With the upcoming ES9 launch, NIO is on track for adjusted operating breakeven in 2026, potentially leading to positive GAAP earnings sooner than expected. The analyst maintains a Buy rating on NIO shares, citing substantial upside potential.