Volvo Stock Upgraded Amid New EV Launches, Wagon Discontinuation

By EC Assets · Published 15 September 2026

Volvo (VLVLY) has recently been upgraded to a Zacks Rank #2 (Buy). This upgrade is linked to an upward trend in earnings estimates. The company is preparing for upcoming earnings. Volvo has opened order books for the 2027 Volvo EX60 electric SUV. This new electric vehicle carries a starting price of $59,795 in the U.S. for the base P6 model. The P6 variant offers a range of up to 307 miles. A P10 AWD version is also available, priced at $62,145. Customers can take delivery of new Volvo vehicles in Sweden. The company is also ceasing production of its V60 Cross Country station wagon. This model represents the brand's last wagon offering. Time is limited for consumers to buy or lease a Volvo station wagon. The discontinuation follows current lease deals available for the V60 Cross Country. Historically, Volvo has pursued strategic acquisitions. The Sweden-based company reached a deal to acquire a controlling interest in Scania, a rival Swedish truck maker. This move followed earlier attempts by Volvo to purchase Scania. The Volvo brand also has a history of producing notable vehicles, such as the 1995 Volvo 850 T-5R Wagon. This model was a rare offering, with only 49 units in Cream Yellow sold in the U.S. market. The 850 T-5R Wagon was known for its turbocharged performance. The upward revision of earnings estimates suggests positive sentiment regarding Volvo's financial prospects ahead of its earnings report. The launch of new electric vehicle models, like the EX60, indicates a continued focus on electrification within the automotive sector. This aligns with broader industry trends towards sustainable transportation solutions. Investors will monitor the company's financial performance following the earnings upgrade. The market will also observe the reception of new electric models and the impact of discontinuing certain traditional vehicle lines. This article is intended for informational purposes only. It does not constitute investment advice.