Wesco International Inc
Change company Symbol lookup
Select an option...
WCC Wesco International Inc
TNP-F Tsakos Energy Navigation Ltd
ANEB Anebulo Pharmaceuticals Inc
NCA Nuveen California Municipal Value Fund
SGOL abrdn Physical Gold Shares ETF
GAB-K Gabelli Equity Trust Inc
GAB-H Gabelli Equity Trust Inc
GAB-G Gabelli Equity Trust Inc
AAL American Airlines Group Inc
ARKF ARK Fintech Innovation ETF

Industrials : Trading Companies & Distributors | Mid Cap Blend
Company profile

WESCO International, Inc. is a provider of business-to-business distribution, logistics services and supply chain solutions. The Company conducts its business through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). The EES segment supplies a range of products and solutions primarily to the construction, industrial and original equipment manufacturer (OEM) markets. Its EES segment supplies various products, including electrical equipment and supplies, automation and connected devices (the Internet of Things), security, lighting, wire and cable, safety, and maintenance, repair and operating (MRO) products. Its CSS segment operates in the network infrastructure and security markets. The UBS segment provides products and services to investor-owned utilities, public power companies, including municipalities, as well as global service providers, wireless providers and broadband operators.

Day's Change
1.26 (0.89%)
B/A Size
Day's High
Day's Low

Today's volume of 277,924 shares is on pace to be much lighter than WCC's 10-day average volume of 708,643 shares.


Li Auto stock jumps after announcing record EV deliveries in December

12:33 pm ET December 30, 2022 (MarketWatch)

By Tomi Kilgore

China-based EV maker delivered more than 20,000 EVs in December, well above November's monthly record of just above 15,000

Li Auto Inc. said Friday that it delivered more than 20,000 electric vehicles in December, which is more than 33% above the previous monthly record delivered last month.

The China-based EV maker's announcement of preliminary delivery data comes just days after rival Nio Inc. sparked a selloff in EV maker stocks after "prudently" slashing its fourth-quarter delivery outlook, citing COVID-related production challenges and supply chain constraints.

At a media event in Guangzhou on Friday, Li Auto said "December deliveries will exceed 20,000 vehicles." That would be up more than 42% from the 14,087 EVs delivered in December 2021, and up from November 2022's monthly record of 15,034 EVs delivered.

The company also said it plans to hold a launch event for its Li L7 five-seat family sport-utility vehicle on Feb. 8.

Li Auto's stock (LI) shot up 3.2% in midday trading Friday, to put it up 7.2% on the week.

Among Li's China-based rivals, shares of Nio (NIO) dropped 2.7%, and has tumbled 11.4% this week, and XPeng Inc.'s stock (XPEV) lost 1.5% on Friday and has slipped 3.2% this week.

Shares of Texas-based Tesla Inc. (TSLA) eased 0.1% midday Friday, and was down 1.1% on the week, even after running up 11.7% over the past two days. Tesla generated nearly one-quarter of its total third-quarter revenue from China.

Read what one analyst thinks CEO Elon Musk should do in 2023 to boost Tesla's stock.

Li Auto, and Nio and XPeng, report monthly deliveries on the first of each month, so Li's exact delivery number can be expected to be released on Sunday. Despite Nio's lowered quarterly outlook, a new monthly record for December was still expected.

Nio had cut its fourth-quarter delivery guidance range to 38,500 to 39,500 vehicles from 43,000 to 48,000 vehicles. After delivering a monthly record of 14,178 EVs in November and 10,059 EVs in October, that still implies December deliveries of 14,263 to 15,263 EVs, which is above November's record and is 36.0% to 45.5% above December 2021 deliveries of 10,489 vehicles.

Li's stock has slid 37.3% year to date, while shares of Nio have plunged 69.3%, XPeng have plummeted 80.7% and Tesla have given up 65.4%. In comparison, the iShares China Large-Cap exchange-traded fund (FXI) has declined 22.6% this year and the S&P 500 index has lost 20.0%.

-Tomi Kilgore


(END) Dow Jones Newswires

December 30, 2022 12:33 ET (17:33 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.