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Aptera Motors Corp. Class B
(NASDAQ:SEV)
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Rating:41Neutral
Price Target:
$1.50
▼(-52.53% Downside)
Action:Reiterated
Date:07/11/26
The score is held down primarily by very weak financial quality (negative equity, high leverage, and poor/uncertain cash generation) and bearish technical trend/momentum. Positive corporate milestones (regulatory approval, validation builds, litigation resolution) provide some offset, but valuation is not meaningfully supportive given the negative P/E and no dividend data.
Positive Factors
Regulatory Approval (EPA)
Receiving an EPA Certificate of Conformity clears a key federal regulatory hurdle required to legally sell the Launch Edition in the U.S. This materially reduces a structural barrier to commercialization, strengthens go-to-market viability, and supports durable revenue optionality as production validation proceeds.
Negative Factors
Negative Equity and High Leverage
Negative equity combined with heavy debt creates a fragile capital base that limits financial flexibility. This structural leverage increases refinancing and covenant risk, constrains investment choices, and can amplify adverse outcomes if production or revenue ramps are delayed, remaining a multi-month governance and solvency concern.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulatory Approval (EPA)
Receiving an EPA Certificate of Conformity clears a key federal regulatory hurdle required to legally sell the Launch Edition in the U.S. This materially reduces a structural barrier to commercialization, strengthens go-to-market viability, and supports durable revenue optionality as production validation proceeds.
Read all positive factors
Aptera Motors Corp. Class B (SEV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$64.15M
Dividend YieldN/A
Average Volume (3M)628.29K
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees46
SectorGeneral
Sector StrengthN/A
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 Ratio0.02
Price to Book (P/B)-0.06
Price to Sales (P/S)0.00
P/FCF Ratio-0.37
Enterprise Value/Market Cap0.63
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-299.98
Enterprise Value/Ebitda-0.87
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
Aptera Motors Corp. is a solar-mobility innovator focused on creating exceptionally efficient solar electric vehicles (sEVs). The company's flagship product is a unique two-person, three-wheeled vehicle, meticulously engineered for ultimate effici...
How the Company Makes Money
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Aptera Motors Corp. Class B Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
18
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -135.00K | -566.00K | 0.00 | -449.00K | -252.00K | -14.59K |
| EBITDA | -46.66M | -47.54M | -398.00M | -58.61M | -81.48M | -96.51M |
| Net Income | -43.23M | -43.91M | 65.03B | -59.29M | -82.28M | -96.52M |
Balance Sheet | ||||||
| Total Assets | 38.98M | 1.42B | 3.05B | 38.41M | 39.92M | 24.24M |
| Cash, Cash Equivalents and Short-Term Investments | 17.72M | 206.00M | 1.35B | 16.97M | 10.78M | 19.33M |
| Total Debt | 2.31M | 574.00M | 24.66B | 3.41M | 14.35M | 59.60K |
| Total Liabilities | 9.34M | 1.53B | 25.73B | 12.91M | 22.96M | 84.77M |
| Stockholders Equity | 29.64M | -107.00M | -22.68B | 25.50M | 16.96M | -60.53M |
Cash Flow | ||||||
| Free Cash Flow | -21.05M | -16.69M | -14.70M | -25.11M | -47.16M | -14.33M |
| Operating Cash Flow | -19.59M | -15.26M | -14.70M | -19.68M | -35.86M | -14.02M |
| Investing Cash Flow | -1.46M | -1.43M | 1.20M | -5.43M | -11.30M | -306.88K |
| Financing Cash Flow | 28.03M | 13.14M | 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | $33.22M | -0.48 | -204.85% | ― | 320.74% | 94.41% | |
44 Neutral | $9.07M | -0.75 | 171.55% | ― | ― | ― | |
41 Neutral | $64.15M | -0.12 | 742.57% | ― | ― | ― | |
39 Underperform | $7.89M | -0.04 | -122.04% | ― | -42.93% | >-0.01% |
* General Sector Average
SEV
Aptera Motors Corp. Class B
1.97
-3.87
-66.27%
WKHS
Workhorse Group
3.41
-19.39
-85.04%
CENN
Cenntro Electric Group
3.42
-25.97
-88.36%
SSM
Sono Group
3.60
-2.40
-40.00%
Aptera Motors Corp. Class B Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Aptera Motors Closes Warrant Inducement to Bolster Liquidity
Neutral
Jul 13, 2026
On July 10, 2026, Aptera Motors entered into a warrant inducement deal with existing warrant holders to immediately exercise March 2026 warrants for 2,880,000 Class B shares at a reduced price of $2.07, yielding about $5.96 million in gross procee...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
Aptera Motors Gains EPA Approval for Launch Edition
Positive
Jul 7, 2026
On July 7, 2026, Aptera Motors announced it had received a Certificate of Conformity from the U.S. Environmental Protection Agency, issued on June 18, 2026, for its 2026 Aptera Launch Edition vehicle. This certification confirms the model meets fe...
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 ...
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.