Promising Electric Vehicle Stocks To Consider - November 9th

Key Points

• MarketBeat’s high-trading-volume EV-stock watchlist includes Tesla, Rivian Automotive, NIO, BorgWarner, and Shoals Technologies Group, spanning automakers and EV-related suppliers.
• In Monday trading, Tesla, Rivian, and BorgWarner shares rose to $377.30, $13.94, and $51.31, respectively; NIO and Shoals fell to $3.38 and $8.97.
• The companies cover a broad range of EV-related businesses, from vehicle production at Tesla, Rivian, and NIO to powertrain and battery systems at BorgWarner and solar, storage, and EV-charging components at Shoals.

Tesla, Rivian Automotive, NIO, BorgWarner, and Shoals Technologies Group are the five Electric Vehicle stocks to watch today, according to MarketBeat's stock screener tool. Electric vehicle stocks are shares of companies that make electric vehicles or supply related products and services, such as batteries, charging equipment, and vehicle software. For investors, the term describes a broad group of stocks whose performance can be affected by EV demand, competition, technology, regulation, and company finances. 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.

Shares of TSLA traded up $19.08 on Monday, reaching $377.30. 15,336,096 shares of the stock traded hands, compared to its average volume of 50,056,492. The firm has a market cap of $1.49 trillion, a price-to-earnings ratio of 414.62, a P/E/G ratio of 22.19 and a beta of 1.74. Tesla has a 12 month low of $297.38 and a 12 month high of $498.83. The stock's 50-day moving average price is $372.14 and its 200-day moving average price is $384.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39.

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.

NASDAQ:RIVN traded up $0.33 during trading hours on Monday, hitting $13.94. The stock had a trading volume of 7,807,862 shares, compared to its average volume of 29,413,906. The business's 50 day moving average is $14.21 and its 200-day moving average is $15.40. The company has a market cap of $20.18 billion, a price-to-earnings ratio of -6.19 and a beta of 1.64. Rivian Automotive has a one year low of $11.38 and a one year high of $22.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.70 and a current ratio of 2.18.

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.

Shares of NIO traded down $0.01 during trading hours on Monday, reaching $3.38. The stock had a trading volume of 10,193,033 shares, compared to its average volume of 36,498,891. 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 firm has a 50-day moving average of $3.53 and a 200 day moving average of $4.85. The company has a market cap of $8.41 billion, a P/E ratio of -12.54 and a beta of 0.89.

Read Our Latest Research Report on NIO

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.

BWA stock traded up $2.50 during midday trading on Monday, hitting $51.31. 662,939 shares of the company's stock were exchanged, compared to its average volume of 2,764,144. The stock's fifty day moving average price is $59.78 and its 200-day moving average price is $60.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.41. The company has a market cap of $10.30 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.20. BorgWarner has a one year low of $40.73 and a one year high of $78.82.

Read Our Latest Research Report on BWA

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.

NASDAQ:SHLS traded down $1.11 on Monday, reaching $8.97. The company's stock had a trading volume of 3,351,489 shares, compared to its average volume of 5,348,657. The business's 50-day moving average price is $7.74 and its two-hundred day moving average price is $8.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.39 and a current ratio of 2.45. Shoals Technologies Group has a 1-year low of $5.43 and a 1-year high of $13.18. The firm has a market cap of $1.51 billion, a PE ratio of 39.02, a PEG ratio of 1.19 and a beta of 1.86.

Read Our Latest Research Report on SHLS

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