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Promising Electric Vehicle Stocks To Keep An Eye On - May 9th

Tesla logo with Auto/Tires/Trucks background

Tesla, Nuvve, Rivian Automotive, Lucid Group, Shell, Enphase Energy, and Wolfspeed are the seven Electric Vehicle stocks to watch today, according to MarketBeat's stock screener tool. Electric vehicle stocks refer to publicly traded shares of companies involved in the design, manufacture or support of battery-powered automobiles—ranging from automakers to battery producers and charging-infrastructure providers. Investors buy these stocks to participate in the anticipated growth of clean-transportation markets driven by environmental regulations, technological advances and shifting 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.

TSLA stock traded up $12.92 during trading hours on Friday, hitting $297.74. 91,977,962 shares of the stock were exchanged, compared to its average volume of 95,879,298. The firm has a market capitalization of $959.01 billion, a P/E ratio of 145.95, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $258.13 and a two-hundred day simple moving average of $326.09. Tesla has a 12 month low of $167.41 and a 12 month high of $488.54.

Read Our Latest Research Report on TSLA

Nuvve (NVVE)

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets.

NVVE stock traded up $1.94 during trading on Friday, reaching $3.08. 188,739,837 shares of the company were exchanged, compared to its average volume of 1,450,890. Nuvve has a twelve month low of $0.82 and a twelve month high of $17.30. The company has a 50-day moving average of $1.22 and a two-hundred day moving average of $2.52. The company has a market capitalization of $9.45 million, a price-to-earnings ratio of -0.03 and a beta of 2.00.

Read Our Latest Research Report on NVVE

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.

Shares of NASDAQ:RIVN traded up $0.51 during trading on Friday, reaching $14.19. The stock had a trading volume of 33,317,279 shares, compared to its average volume of 36,163,460. The stock has a market cap of $16.04 billion, a price-to-earnings ratio of -3.01 and a beta of 1.86. Rivian Automotive has a 52 week low of $9.50 and a 52 week high of $18.86. The firm's fifty day moving average is $11.92 and its 200 day moving average is $12.31. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.70 and a current ratio of 5.09.

Read Our Latest Research Report on RIVN

Lucid Group (LCID)

Lucid Group, Inc. a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.

LCID traded up $0.15 during trading on Friday, hitting $2.46. 110,541,001 shares of the company's stock were exchanged, compared to its average volume of 65,685,033. The stock has a market cap of $7.46 billion, a P/E ratio of -1.84 and a beta of 0.88. The business's 50 day moving average is $2.35 and its two-hundred day moving average is $2.55. Lucid Group has a fifty-two week low of $1.93 and a fifty-two week high of $4.43. The company has a quick ratio of 3.26, a current ratio of 3.71 and a debt-to-equity ratio of 0.77.

Read Our Latest Research Report on LCID

Shell (SHEL)

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.

Shares of NYSE:SHEL traded up $0.61 during midday trading on Friday, reaching $65.69. The company had a trading volume of 2,295,386 shares, compared to its average volume of 4,314,049. Shell has a 52-week low of $58.55 and a 52-week high of $74.61. The company's 50 day moving average price is $66.74 and its 200 day moving average price is $65.86. The stock has a market cap of $197.60 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.98 and a beta of 0.38. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Read Our Latest Research Report on SHEL

Enphase Energy (ENPH)

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.

ENPH traded up $1.18 during trading on Friday, reaching $50.23. 3,001,387 shares of the company were exchanged, compared to its average volume of 4,092,748. The company's 50-day moving average is $54.77 and its two-hundred day moving average is $64.15. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 67.88 and a beta of 1.80. Enphase Energy has a 12-month low of $43.09 and a 12-month high of $141.63.

Read Our Latest Research Report on ENPH

Wolfspeed (WOLF)

Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.

WOLF stock traded down $1.17 during midday trading on Friday, reaching $3.26. The company had a trading volume of 37,649,641 shares, compared to its average volume of 14,493,170. The firm has a 50-day moving average price of $3.91 and a 200-day moving average price of $6.61. Wolfspeed has a 1 year low of $2.06 and a 1 year high of $30.86. The company has a debt-to-equity ratio of 17.26, a current ratio of 3.15 and a quick ratio of 2.47. The company has a market capitalization of $416.34 million, a P/E ratio of -0.42 and a beta of 1.62.

Read Our Latest Research Report on WOLF

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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