Thunder Power Holdings Inc Class A (AIEV) AI Stock Analysis

• Market Cap: $7.00M
• Dividend Yield: N/A
• Average Volume (3M): 59.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.71
• Revenue Growth: N/A
• EPS Growth: 22.30%
• Country: US
• Employees: 2
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -0.06
• Shares Outstanding: 50,724,663
• 10 Day Avg. Volume: 29,078
• 30 Day Avg. Volume: 59,125
• PEG Ratio: 0.05
• Price to Book (P/B): 3.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -16.04
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -4.12
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.12 ▼(-31.76% Downside)

The score is driven primarily by very weak financial performance (zero reported revenue, ongoing losses, and persistent negative operating/free cash flow), which outweighs the benefit of low leverage. Technicals add additional pressure, with the price below key moving averages and negative MACD, while valuation is difficult to support given a negative P/E and no dividend yield data.

Positive Factors

Very low leverage

Extremely low debt materially reduces near-term refinancing and interest-rate risks, giving management time and optionality to pursue EV development or capital raises. Over a 2-6 month horizon this preserves operational flexibility despite losses and lowers bankruptcy risk relative to highly leveraged peers.

Focused EV product and technology strategy

Clear strategic focus on battery-electric passenger vehicles and EV technologies aligns the company with long-term structural demand for electrification. Sustained investment in product and systems engineering can create differentiated capabilities and future commercialization optionality as industry adoption grows over months to years.

Positive equity in recent periods

Maintaining positive shareholders' equity in recent periods provides a solvent capital base to fund ongoing R&D and operations, supporting continuity while management executes development milestones. This equity buffer reduces immediate insolvency risk and enables potential financing or partnerships if needed.

Negative Factors

Zero reported revenue

No reported revenue means the company has not demonstrated commercial product sales or market traction, creating fundamental uncertainty about its ability to convert engineering efforts into sustainable income. Over 2-6 months this heightens reliance on external funding and questions near-term viability of operations.

Persistent negative operating and free cash flow

Consistent negative OCF and FCF indicate ongoing cash burn with deteriorating free cash flow, increasing the probability of near-term financing needs. This structural cash-generation weakness constrains investment in production scale-up, R&D continuity, and strategic initiatives unless capital is raised or expenses cut.

Ongoing net losses and negative ROE

Sustained net losses and deeply negative ROE signal that current operations destroy shareholder value and are not earning a return on invested capital. Over months this reduces strategic flexibility, risks investor fatigue, and makes it harder to attract favorable financing or partners without clear near-term revenue catalysts.

Thunder Power Holdings Inc Class A Business Overview & Revenue Model

Company Description

Thunder Power Holdings, Inc. develops and manufactures electric vehicles. It offers the Coupe, Compact City Car, Long-Range Sedan, and Long-Range SUV. The company is based in Wilmington, Delaware.

How the Company Makes Money

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Thunder Power Holdings Inc Class A Financial Statement Overview

Summary

Financial quality is very weak: revenue is reported at zero across the periods provided (including TTM), profitability is currently negative (TTM net loss about $1.7M), and operating/free cash flow are persistently negative (TTM OCF and FCF roughly -$1.7M), implying ongoing cash burn and likely future funding needs. The primary offset is very low leverage (TTM debt-to-equity ~0.004), which reduces near-term balance-sheet risk despite negative ROE (~-30%) and historical balance-sheet volatility.

Income Statement

Fundamentals remain very weak: revenue is reported at zero across the periods provided (including TTM (Trailing-Twelve-Months)), so there is no demonstrated commercial traction. Profitability is consistently negative in recent periods, with TTM (Trailing-Twelve-Months) net loss of about $1.7M following a larger annual loss in 2024 (~$2.5M). While 2022–2023 show positive net income, the overall pattern is volatile and not supported by any reported revenue base, limiting confidence in earnings quality and sustainability.

Balance Sheet

Leverage is very low (TTM (Trailing-Twelve-Months) debt to equity ~0.004), which reduces near-term financial risk. Equity is positive in 2022–TTM (Trailing-Twelve-Months), but returns on equity are currently meaningfully negative (TTM (Trailing-Twelve-Months) ROE around -30%), indicating the company is burning shareholder capital. Historical volatility is also a concern (e.g., negative equity in 2021 and large year-to-year swings in assets and equity), which raises questions around balance sheet stability.

Cash Flow

Cash generation is a key weakness: operating cash flow is negative in every period shown, including TTM (Trailing-Twelve-Months) at roughly -$1.7M, and free cash flow is also negative (TTM (Trailing-Twelve-Months) ~ -$1.7M). Free cash flow also deteriorated versus the prior period (TTM (Trailing-Twelve-Months) free cash flow growth is sharply negative), and ongoing cash burn without offsetting revenue increases the likelihood of future funding needs.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.70M	0.00	2.42M	866.75K	-820.00K
Net Income	-1.71M	-2.50M	1.34M	404.62K	-924.00K
Balance Sheet
Total Assets	13.51M	13.56M	1.26M	101.24M	52.33K
Cash, Cash Equivalents and Short-Term Investments	17.43K	52.62K	196.91K	546.63K	229.00
Total Debt	20.18K	3.46K	2.16M	131.08K	74.33K
Total Liabilities	8.26M	7.03M	6.26M	3.97M	656.82K
Stockholders Equity	5.25M	6.52M	47.88M	97.27M	-604.50K
Cash Flow
Free Cash Flow	-1.69M	-1.23M	-2.58M	-528.18K	-506.99K
Operating Cash Flow	-1.69M	-1.23M	-658.73K	-528.18K	-506.99K
Investing Cash Flow	-1.40K	929.30K	50.11M	-99.22M	0.00
Financing Cash Flow	1.67M	153.66K	-48.06M	100.29M	500.00K

Thunder Power Holdings Inc Class A Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIEV, the sentiment is Neutral. The current price of 0.17 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.17, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 47.98 is Neutral, neither overbought nor oversold. The STOCH value of 38.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AIEV.

Thunder Power Holdings Inc Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LOBO	51 Neutral	$7.12M	-1.73	-37.95%	―	―	―
SSM	48 Neutral	$10.51M	0.02	―	―	-100.00%	―
AIEV	43 Neutral	$7.00M	-4.08	-29.06%	―	―	22.30%
WKHS	42 Neutral	$9.98M	-0.02	-162.44%	―	16.74%	81.14%
FLYE	42 Neutral	$8.46M	-0.21	-41.72%	―	―	―
CENN	40 Neutral	$12.22M	-0.12	-30.79%	―	-56.89%	12.17%