Lincoln Electrics Entry into the DC Fast Charging Market

On September 14, 2023, Lincoln Electric proudly announced that they have secured their first order for the highly anticipated VelionTM 150kW DC fast chargers. These cutting-edge chargers mark the beginning of Lincoln Electric’s journey into the world of DC fast charging solutions, with many more innovative products to follow.

To ensure optimal performance and seamless integration, the VelionTM chargers will be combined with the state-of-the-art DC-America modular platform and structural raceway system. This collaboration will be a significant part of DC-America’s National network, further enhancing the accessibility and convenience of electric vehicle charging across the country.

Lincoln Electric’s venture into the realm of DC fast charging began in August 2022 with the introduction of their initial 50kW architecture, which has since proven to be highly scalable, capable of delivering charging capacities exceeding 300kW. This commitment to adaptability ensures that Lincoln Electric’s chargers will meet the evolving needs of electric vehicle owners.

Furthermore, Lincoln Electric is dedicated to promoting interoperability and standardization within the electric vehicle charging industry. To achieve this, they have embraced the open charge point protocol, an industry-standard that facilitates seamless communication between electric vehicles and chargers.

With their innovative products and unwavering commitment to advancing electric vehicle charging technology, Lincoln Electric is poised to play a significant role in shaping the future of sustainable transportation.

Lincoln Electric Holdings, Inc.


Strong Buy

Updated on: 14/09/2023

Price Target

Current $181.03

Concensus $160.50

Low $0.00

Median $144.00

High $0.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
Steve Barger
Loop Capital Markets
Mircea Dobre
Robert W. Baird
Morgan Stanley Sell
Mircea Dobre
Robert W. Baird
Morgan Stanley Sell

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LECO Stock Performance on September 14, 2023: Positive Growth and Impressive Financials

LECO Stock Performance on September 14, 2023

On September 14, 2023, LECO stock had a positive performance, showing an increase in value compared to the previous day’s close.

The stock opened at $181.52, slightly higher than the previous day’s close of $178.94. Throughout the day, it traded within a range of $180.21 to $181.96. The trading volume was relatively low, with 12,004 shares exchanged.

LECO, with a market capitalization of $10.4 billion, operates in the producer manufacturing sector, specifically in the industrial machinery industry. The company has shown impressive earnings growth over the past year, with a growth rate of 74.57%.

Furthermore, LECO has experienced revenue growth of 16.35% in the past year. The positive financial performance is also reflected in the price-to-earnings (P/E) ratio of 22.1.

Looking ahead, LECO’s next reporting date is scheduled for October 26, 2023. Analysts forecast earnings per share (EPS) of $2.29 for this quarter. In the previous year, the company reported annual revenue of $3.8 billion and a profit of $472.2 million, resulting in a net profit margin of 12.56%.

LECO’s corporate headquarters are located in Cleveland, Ohio.

LECO Stock Analysis: Promising Performances and Positive Outlook for Future Growth

On September 14, 2023, Lincoln Electric Holdings Inc (LECO) stock showed promising performances based on the information provided. According to data from CNN Money, the 7 analysts offering 12-month price forecasts for LECO have a median target of $214.00, with a high estimate of $240.00 and a low estimate of $185.00. This indicates that the analysts have a positive outlook for the stock’s future.

The median estimate of $214.00 represents an 18.24% increase from the last price of $180.99. This suggests that the stock has the potential for significant growth in the coming months. Investors who hold LECO stock may benefit from this projected increase in value.

The current consensus among 12 polled investment analysts is to hold stock in Lincoln Electric Holdings Inc. This rating has remained steady since August, indicating that analysts have maintained their confidence in the stock’s performance.

LECO reported earnings per share of $2.29 for the current quarter. This indicates that the company is generating profits and performing well. Additionally, LECO reported sales of $1.1 billion for the same period, further demonstrating its strong financial position.

Investors should keep an eye on LECO as the company is scheduled to report its next earnings on October 26. This report may provide further insights into the company’s financial health and potential future growth.

Overall, LECO stock has shown promising performances on September 14, 2023. With analysts projecting a significant increase in value and the company reporting strong financials, investors may consider holding LECO stock as part of their investment portfolio. However, it is important to conduct thorough research and consider individual financial goals and risk tolerance before making any investment decisions.

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