Why is Nissan So Cheap?

From too many rental cars to an electric alliance.

Andrew Willis 9 July, 2021 | 3:53AM
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Andrew Willis: Nissan (NSANY)’s had a rough few years, what with a wayward CEO, and a rift in its relationship with Renault, but as the company recovers, we think its stock price has been punished a little too much.

The company just completed what senior equity analyst Richard Hilgert considers to be a rare success in its alliance with Renault, and an early gamble that also includes Mitsubishi on electric vehicles which could prove valuable.

As its competitors now scramble to ramp up electric vehicle production, it’s already accumulated manufacturing and warranty service expertise – seven hundred thousand vehicles later…

For Morningstar, I’m Andrew Willis.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Nissan Motor Co Ltd ADR7.50 USD-2.28Rating

About Author

Andrew Willis

Andrew Willis  is Content Editor for Morningstar.ca. Follow him on Twitter @AndrewWillisCDN.

 

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