Skip to main content

7 Electric Vehicle (EV) Stocks That Have Real Juice in 2021 - 1 of 7

 
#1 - Canoo (NYSE:GOEV)

Canoo logo

Keeping in mind that most of the companies on this list are speculative plays on the EV sector, there is a compelling case for Canoo (NYSE:GOEV). Canoo offers investors real differentiation that could turn out to be extremely significant.

The design of Canoo’s multipurpose delivery vehicle (MPDV) features a “skateboard” platform and will be the first to use a “by wire” design. The idea is that the skateboard chassis will provide a template upon which the company can build a variety of EVs much faster. The “by wire” design is also significant because it allows a complete rethinking of the interior space to allow maximum space now. But the real potential is that it will enable autonomous driving capability in the future.

Canoo will not bring a vehicle to market until 2022. But when they do, they will be promoting a pay as you go model which will make it very akin to a SaaS company. Consumers can lease a vehicle for a specified period of time (at least 30 days). When the lease expires, they can extend it or simply return the vehicle.

About Canoo
Canoo Inc, a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers B2B delivery vehicles, multi-purpose delivery vehicles, and lifestyle vehicles using skateboard architecture technology. Read More 

Current Price: $7.30
Consensus Rating: Hold
Ratings Breakdown: 1 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $12.00 (64.4% Upside)





MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.