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Electric Vehicle Stocks To Follow Today - November 6th

Tesla logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat named seven EV-related stocks to watch based on recent dollar trading volume: Tesla, Rivian, NIO, XPENG, Shoals Technologies, BorgWarner, and Li Auto.
  • All seven stocks rose in Friday trading. Tesla gained $17.34 to $361.02, while the other shares rose by between $0.20 (NIO) and $1.55 (BorgWarner).
  • The companies span automakers and EV suppliers, and their shares face industry risks including competition, technology changes, regulation, and consumer demand.
  • Five stocks we like better than Tesla.

Tesla, Rivian Automotive, NIO, XPENG, Shoals Technologies Group, BorgWarner, and Li Auto are the seven Electric Vehicle stocks to watch today, according to MarketBeat's stock screener tool. Electric vehicle stocks are shares of publicly traded companies that make electric vehicles or supply related products and services, such as batteries, charging equipment, and key components. Investors may buy them to gain exposure to the growth of the EV industry, though their prices can be affected by competition, technology changes, regulation, and consumer demand. These companies had the highest dollar trading volume of any Electric Vehicle stocks within the last several days.

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

Tesla stock traded up $17.34 during trading hours on Friday, reaching $361.02. 18,721,383 shares of the company were exchanged, compared to its average volume of 50,131,613. Tesla has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $372.07 and a 200 day moving average of $384.65. The firm has a market cap of $1.43 trillion, a price-to-earnings ratio of 396.74, a PEG ratio of 23.86 and a beta of 1.74.

Read Our Latest Research Report on TSLA

Rivian Automotive (RIVN)

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.

RIVN traded up $0.25 during trading on Friday, hitting $13.54. The stock had a trading volume of 8,583,858 shares, compared to its average volume of 29,462,482. The firm has a market cap of $19.61 billion, a PE ratio of -6.01 and a beta of 1.64. The company has a current ratio of 2.18, a quick ratio of 1.70 and a debt-to-equity ratio of 0.78. Rivian Automotive has a 12 month low of $11.38 and a 12 month high of $22.69. The company has a 50 day simple moving average of $14.27 and a 200-day simple moving average of $15.42.

Read Our Latest Research Report on RIVN

NIO (NIO)

NIO Inc. designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.

NIO stock traded up $0.20 during mid-day trading on Friday, reaching $3.40. 21,284,310 shares of the stock traded hands, compared to its average volume of 36,472,617. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 2.11. NIO has a 52 week low of $3.10 and a 52 week high of $7.06. The business has a 50-day moving average of $3.55 and a two-hundred day moving average of $4.86. The firm has a market capitalization of $8.46 billion, a PE ratio of -12.61 and a beta of 0.89.

Read Our Latest Research Report on NIO

XPENG (XPEV)

XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.

Shares of XPENG stock traded up $0.64 during trading on Friday, reaching $10.23. The company's stock had a trading volume of 5,117,582 shares, compared to its average volume of 6,954,565. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.11. The business's fifty day moving average price is $9.99 and its 200-day moving average price is $14.30. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of -21.30 and a beta of 0.96. XPENG has a one year low of $8.94 and a one year high of $28.24.

Read Our Latest Research Report on XPEV

Shoals Technologies Group (SHLS)

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.

SHLS traded up $0.61 on Friday, hitting $9.60. 4,135,919 shares of the stock traded hands, compared to its average volume of 5,325,826. The business has a fifty day moving average price of $7.68 and a two-hundred day moving average price of $8.47. The firm has a market capitalization of $1.62 billion, a PE ratio of 41.76, a P/E/G ratio of 1.10 and a beta of 1.86. Shoals Technologies Group has a 52 week low of $5.43 and a 52 week high of $13.18. The company has a current ratio of 2.25, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32.

Read Our Latest Research Report on SHLS

BorgWarner (BWA)

BorgWarner Inc., together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.

Shares of BorgWarner stock traded up $1.55 during trading on Friday, hitting $49.08. 676,943 shares of the company's stock traded hands, compared to its average volume of 2,763,669. The company has a market cap of $9.86 billion, a PE ratio of 20.89, a PEG ratio of 0.71 and a beta of 1.20. The firm's fifty day moving average price is $60.10 and its 200 day moving average price is $60.58. BorgWarner has a twelve month low of $40.73 and a twelve month high of $78.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.12.

Read Our Latest Research Report on BWA

Li Auto (LI)

Li Auto Inc. operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.

NASDAQ:LI traded up $0.56 during mid-day trading on Friday, hitting $12.47. The company's stock had a trading volume of 1,889,535 shares, compared to its average volume of 3,570,038. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of -18.60 and a beta of 0.40. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.11. Li Auto has a fifty-two week low of $10.66 and a fifty-two week high of $20.57. The stock has a fifty day moving average of $11.58 and a 200-day moving average of $14.72.

Read Our Latest Research Report on LI

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