Analyst Ratings Change
On Monday June 19th, STA Research (Rank#54) issued a research report on BYD Co. and assigned a “Hold” rating on the stock. The research company also issues a 12 month price target price forecast on the stock at $70 per share.
BYDDY Stock Forecast & Analysis
Based on the BYD Co Ltd ADR stock forecast from 1 analysts, the average analyst price target for BYD Co Ltd ADR’s stock is $55 per share over the next 12 months. BYD Co has a average analyst rating of a “Hold”. Stock Target Advisor’s analysis nf BYD Co is considered Slightly Bullish , which is based on 10 positive signals and 6 negative signals. The last closing price for, BYD Co Ltd ADR’s stock price was USD 68.53, and the BYD Co Ltd stock price has changed by +6.56% over the past week, +11.41% over the past month and -8.11% over the last year.
About BYD Inc.
BYD Inc., commonly known as BYD (Build Your Dreams), is a renowned Chinese multinational conglomerate with a focus on clean energy and technology-based products. Founded in February 1995 by Wang Chuanfu, BYD has emerged as a leading player in various industries, including automobiles, electronics, energy storage, and renewable energy solutions.
BYD’s mission is to create a sustainable future by developing innovative products that prioritize environmental protection and energy efficiency. The company has gained recognition for its advancements in electric vehicles (EVs) and battery technologies, placing it at the forefront of the global transition toward sustainable transportation.
The company’s core business areas can be broadly categorized as follows:
- Automobiles: BYD is widely known for its expertise in manufacturing electric vehicles. It offers a diverse range of EVs, including passenger cars, buses, taxis, and commercial vehicles. BYD’s electric vehicles have gained popularity both in China and internationally due to their impressive performance, competitive pricing, and commitment to reducing carbon emissions. The company’s innovative electric vehicle technologies, such as blade battery technology, have further solidified its position as an industry leader.
- Energy Storage: BYD is a pioneer in energy storage solutions, providing advanced lithium-ion battery systems for various applications. These include residential energy storage systems, commercial and industrial energy storage solutions, and utility-scale energy storage projects. BYD’s energy storage products play a vital role in renewable energy integration, grid stabilization, and reducing reliance on fossil fuels.
- Electronics: BYD produces a wide range of electronic products, including mobile phones, tablets, laptops, and other consumer electronics. The company’s electronics division focuses on delivering high-quality, innovative devices to meet the demands of tech-savvy consumers.
- Renewable Energy: BYD is actively involved in the development and manufacturing of renewable energy products. This includes solar panels and energy solutions for residential, commercial, and utility-scale applications. BYD’s expertise in both energy storage and renewable energy allows it to offer comprehensive solutions for sustainable power generation and consumption.
Beyond its business operations, BYD is committed to social responsibility and sustainability. The company’s efforts extend to reducing its carbon footprint, promoting employee welfare, and engaging in philanthropic initiatives. BYD places a strong emphasis on research and development, investing significantly in technological advancements to drive innovation and maintain its competitive edge.
With its global expansion strategy, BYD has established a presence in numerous countries and regions worldwide. The company’s success can be attributed to its ability to adapt to changing market dynamics, identify emerging trends, and deliver products that align with evolving consumer preferences.
As the world continues to prioritize sustainable development and clean energy solutions, BYD remains dedicated to its vision of building a better future through technological innovation, environmental stewardship, and responsible business practices. By leveraging its expertise across various industries, BYD continues to shape the landscape of sustainable transportation and contribute to a greener, more sustainable world.
