Cantor Fitzgerald Reaffirms Neutral Rating on Lucid After Company Denies Bankruptcy Rumors

VG Markets · 2026-07-15T07:40:17Z
Cantor Fitzgerald Reaffirms Neutral Rating on Lucid After Company Denies Bankruptcy Rumors

Cantor Fitzgerald reaffirmed its Neutral rating and US$8.00 price target for Lucid Group (NASDAQ: LCID) after the electric vehicle manufacturer formally denied recent bankruptcy and going-private rumors in a regulatory filing. Lucid stated that the reports were "completely false" and said no special board committee had been established to evaluate such scenarios. The company also said advisory firm AlixPartners is focused on operational improvements rather than bankruptcy-related planning.

Cantor Fitzgerald's US$8 target compares with Lucid's US$4.62 closing price on July 14, while Baird maintained a Neutral rating with a US$6.00 price target. The difference reflects varying analyst valuation assumptions following recent market volatility.

Liquidity position

According to the company:

  1. Total liquidity stood at US$3.2 billion at the end of the first quarter of 2026.
  2. Lucid raised an additional US$1.05 billion, including investments from Ayar Third Investment Company, Uber and a public share offering.
  3. The company also drew US$800 million from a delayed-draw term loan on July 6.
  4. Pro forma liquidity was approximately US$4.7 billion.

Profitability metrics

InvestingPro data showed Lucid reported a negative gross profit margin of 96% over the trailing twelve months through the first quarter of 2026, reflecting continued operating losses during the period.

Operating performance

Lucid delivered 3,953 vehicles in the second quarter, below the market consensus of 4,618 units. Production totaled 4,774 vehicles, also below analyst expectations.

The company appointed Silvio Napoli as Chief Executive Officer in April and Alexander De Bock as Chief Financial Officer in July. Lucid also withdrew its 2026 production guidance during the first quarter.

Market focus

Market participants continue to monitor Lucid's liquidity position, vehicle production, delivery performance and progress toward improving profitability under its new management team.