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Zapp Electric Stock Soars 10% on Strong Earnings
Generated by AI AgentAinvest Movers Radar
Friday, May 9, 2025 4:10 am ET1min read
On May 9, 2025, Zapp Electric's stock surged by 10% in pre-market trading, indicating a strong start to the day's trading session.
Zapp Electric Vehicles Group Limited has recently reported significant financial performance, with net sales reaching $359 million and GAAP net income of $26 million. The company's adjusted EBITDA stood at $49 million, with a margin of 14%, and it sold 2,295 buses in the fiscal year 2025. The company has reaffirmed its adjusted EBITDA guidance at $200 million for the upcoming period.
Zapp Electric Vehicles Group Limited has seen a range of stock prices over the past year, with a fifty-two week low of $0.44 and a fifty-two week high of $19.10. This volatility reflects the dynamic nature of the electric vehicle market and the company's strategic positioning within it.
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