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Xos ( (XOS) ) has provided an update.
On August 21, 2025, Xos, Inc. entered into a Lease Termination Agreement for its manufacturing facility in Mesa, Arizona, which was acquired through ElectraMeccanica Vehicles Corp. in March 2024. The agreement involves terminating the lease contingent on a new lessee, with Xos making payments totaling $2.7 million over 18 months and paying $1.3 million in leasing commissions, while the landlord retains a $1.2 million security deposit. The termination is not expected to impact Xos’s operations as they will continue using other facilities. Additionally, on August 8, 2025, Xos amended a Note Purchase Agreement with Aljomaih Automotive Company, converting $6.0 million of accrued interest into 1,803,262 shares of common stock, issued on August 25, 2025, under exemptions from the Securities Act of 1933.
The most recent analyst rating on (XOS) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Xos stock, see the XOS Stock Forecast page.
Spark’s Take on XOS Stock
According to Spark, TipRanks’ AI Analyst, XOS is a Neutral.
Xos’s overall score reflects strong revenue growth and positive strategic initiatives, tempered by ongoing profitability challenges and mixed technical indicators. The recent earnings call and corporate events provide a positive outlook, but financial performance and valuation concerns weigh on the score.
To see Spark’s full report on XOS stock, click here.
More about Xos
Average Trading Volume: 425,183
Technical Sentiment Signal: Sell
Current Market Cap: $26.51M
For a thorough assessment of XOS stock, go to TipRanks’ Stock Analysis page.