The Mullen Automotive, Inc. (MULN) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered MULN. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for MULN is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assignedMULN 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Mullen Automotive, Inc. to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MULN. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of MULN.
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When did it IPO
2021
Staff Count
326
Country
United States
Sector/Industry
Consumer Cyclical/Auto Manufacturers
CEO
Mr. David Michery
Market Cap
$23.7M
In 2023, MULN generated $366,000 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that MULN's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Mullen Automotive's Emerald Transportation is collaborating with Papรฉ Group to create an advanced reefer upfit for the Class 3 all-electric Mullen THREE truck, targeting home delivery and frozen food sectors.
Why It Matters - Emerald's partnership with Mullen to enhance EV refrigerated trucks taps into the growing demand for eco-friendly logistics, potentially boosting sales and market share in the expanding EV sector.
Summary - The company has delivered commercial Class 1 EV cargo vans to two major California universities in Los Angeles and Berkeley.
Why It Matters - The delivery of EV cargo vans to major universities signals growing demand for sustainable transport solutions, potentially boosting the company's market position and attracting investor interest.
Summary - Mullen Automotive plans to begin production in mid-2025, with three battery lines currently installed and more lines expected by early 2025 at its Fullerton facility.
Why It Matters - The announcement of Mullen's battery production timeline and facility upgrades signals growth potential in the EV sector, impacting investor confidence and stock performance.
Summary - The Bollinger B4 electric truck, priced at $158,758, is eligible for a rebate of up to $60,000 under the HVIP program.
Why It Matters - The rebate significantly reduces the effective cost of the Bollinger B4 electric truck, potentially boosting sales and enhancing investor confidence in the company's growth prospects.
Summary - Bollinger Motors' B4 electric truck qualifies for up to $60,000 in rebates under California's HVIP, reducing its effective cost to under $60,000 when combined with a $40,000 federal tax credit.
Why It Matters - Bollinger Motors' qualification for HVIP enhances the attractiveness of its B4 electric truck, potentially boosting sales and market share, positively impacting investor sentiment and stock performance.
Summary - Bollinger Motors has partnered with NAFG to sell its all-electric Class 4 B4 trucks to government agencies via Sourcewell contract #032824-NAF, enhancing its market reach.
Why It Matters - Bollinger's contract with NAFG for Class 4 electric trucks expands its market reach, potentially increasing sales and revenue, which is favorable for its stock performance.