Aptera Motors Corp. Class B (SEV)
NASDAQ:SEV
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Aptera Motors Corp. Class B
(NASDAQ:SEV)
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Rating:43Neutral
Price Target:
$2.50
▼(-20.89% Downside)
Action:Reiterated
Date:05/14/26
The score is held down primarily by high financial risk (negative equity, heavy debt, weak/uncertain cash generation) and bearish technical momentum (below key moving averages with negative MACD and low RSI). Corporate events provide some offset via tangible progress toward production and improved liquidity from financing, but valuation signals are not meaningful based on the provided P/E and missing dividend yield.
Positive Factors
Product Differentiation
Aptera's solar-assisted, ultra-aerodynamic vehicle is a durable product advantage: it materially reduces energy draw and extends range relative to conventional EVs. This structural differentiation can lower operating costs for owners and create defensible niche demand as the company scales manufacturing and aftersales.
Negative Factors
Weak Balance Sheet / High Leverage
Negative equity combined with substantial debt materially constrains financial flexibility. High leverage increases refinancing and covenant risk, limits ability to invest in scaling production, and raises the likelihood of dilutive financing. This structural capital weakness heightens execution risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Product Differentiation
Aptera's solar-assisted, ultra-aerodynamic vehicle is a durable product advantage: it materially reduces energy draw and extends range relative to conventional EVs. This structural differentiation can lower operating costs for owners and create defensible niche demand as the company scales manufacturing and aftersales.
Read all positive factors
Aptera Motors Corp. Class B (SEV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$85.77M
Dividend YieldN/A
Average Volume (3M)628.29K
Price to Earnings (P/E)<0.1
Beta (1Y)1.33
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees33
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)N/A
Shares Outstanding24,627,693
10 Day Avg. Volume474,752
30 Day Avg. Volume628,294
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.06
Price to Sales (P/S)0.04
P/FCF Ratio0.00
Enterprise Value/Market Cap5.00
Enterprise Value/Revenue2.88
Enterprise Value/Gross Profit7.56
Enterprise Value/Ebitda-12.28
Forecast
1Y Price Target
$7.50Price Target Upside137.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aptera Motors Corp. Class B Business Overview & Revenue Model
Company Description
A solar-mobility company developing highly efficient solar electric vehicles (sEVs). Its flagship vehicle is a two-passenger, three-wheeled model designed for extreme efficiency, combining solar panels, lightweight materials, and aerodynamics. The...
How the Company Makes Money
Aptera’s primary expected revenue model is selling its solar electric vehicle to customers (vehicle sales revenue) once production and deliveries begin. In addition, the company has historically collected customer reservation deposits for its vehi...
Aptera Motors Corp. Class B Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
18
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 149.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 57.00M | 0.00 | -449.00K | -252.00K | -14.59K |
| EBITDA | -13.00M | -398.00M | -58.61M | -81.48M | -96.51M |
| Net Income | 4.01B | 65.03B | -59.29M | -82.28M | -96.52M |
Balance Sheet | |||||
| Total Assets | 1.42B | 3.05B | 38.41M | 39.92M | 24.24M |
| Cash, Cash Equivalents and Short-Term Investments | 206.00M | 1.35B | 16.97M | 10.78M | 19.33M |
| Total Debt | 574.00M | 24.66B | 3.41M | 14.35M | 59.60K |
| Total Liabilities | 1.53B | 25.73B | 12.91M | 22.96M | 84.77M |
| Stockholders Equity | -107.00M | -22.68B | 25.50M | 16.96M | -60.53M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -14.70M | -25.11M | -47.16M | -14.33M |
| Operating Cash Flow | 0.00 | -14.70M | -19.68M | -35.86M | -14.02M |
| Investing Cash Flow | 0.00 | 1.20M | -5.43M | -11.30M | -306.88K |
| Financing Cash Flow | 6.08B | 7.00M | 31.31M | 38.60M | 33.01M |
Aptera Motors Corp. Class B Risk Analysis
Aptera Motors Corp. Class B disclosed 51 risk factors in its most recent earnings report. Aptera Motors Corp. Class B reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Aptera Motors Corp. Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | $32.52M | -0.38 | -204.85% | ― | 320.74% | 94.41% | |
46 Neutral | $30.13M | -0.11 | -1953.35% | ― | 217.58% | -127.04% | |
43 Neutral | $85.77M | <0.01 | -9999.00% | ― | ― | ― | |
43 Neutral | $6.15M | -0.67 | -30.79% | ― | -42.93% | >-0.01% | |
41 Neutral | $5.71M | 2.16 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
SEV
Aptera Motors Corp. Class B
2.47
-3.37
-57.71%
WKHS
Workhorse Group
2.98
-7.43
-71.37%
CENN
Cenntro Electric Group
4.10
-57.10
-93.31%
EVTV
Envirotech Vehicles
2.47
0.28
12.84%
SSM
Sono Group
4.14
-5.54
-57.21%
Aptera Motors Corp. Class B Corporate Events
Business Operations and StrategyFinancial DisclosuresLegal ProceedingsPrivate Placements and Financing
Aptera Motors Reports Q1 Loss, Advances Toward Production
Positive
May 13, 2026
In the first quarter ended March 31, 2026, Aptera Motors reported a GAAP net loss of $10.2 million, or $0.32 per share, and a non‑GAAP adjusted net loss of $6.2 million, while operating expenses fell year over year and cash and cash equivale...
Business Operations and StrategyProduct-Related Announcements
Aptera Motors Launches First Validation Vehicles Toward Production
Positive
May 12, 2026
On May 12, 2026, Aptera Motors announced that the first five validation vehicles were driven off its newly established low-volume validation assembly line in Carlsbad, California. The line comprises 14 stations staffed by trained technicians, and ...
Business Operations and StrategyLegal Proceedings
Aptera Resolves Litigation, Refocuses on Solar EV Growth
Positive
Apr 14, 2026
On April 8, 2026, Aptera Motors Corp. entered into a settlement agreement with Zaptera USA, Inc., agreeing to issue 105,000 Class B shares and warrants for up to 210,000 additional shares as equity consideration. The securities were issued in a pr...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Aptera Motors Highlights Losses, Liquidity Boost, Production Push
Neutral
Mar 30, 2026
On March 30, 2026, Aptera Motors reported a GAAP net loss of $15.5 million for the fourth quarter of 2025 and $43.9 million for the full year, with adjusted net losses of $8.7 million and $18.5 million respectively, and ended 2025 with $9.6 millio...
Business Operations and StrategyPrivate Placements and Financing
Aptera Motors Announces Warrant Inducement to Raise Capital
Positive
Mar 12, 2026
On March 12, 2026, Aptera Motors Corp. entered into a warrant inducement transaction with holders of existing warrants, leading to the immediate cash exercise of warrants issued in January 2026 to purchase up to 3,167,500 shares of Class B common ...
Business Operations and StrategyProduct-Related Announcements
Aptera Motors Begins Low-Volume Validation Vehicle Production Phase
Positive
Mar 3, 2026
On March 3, 2026, Aptera Motors announced it had completed the first vehicle off its low-volume validation assembly line, a key step in moving from hand-built prototypes to a structured manufacturing process. The line, comprising 14 dedicated stat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.