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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
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8 EV Stocks To Electrify Your Growth Portfolio in 2021

Posted on Friday, December 11th, 2020 by MarketBeat Staff
8 EV Stocks To Electrify Your Growth PortfolioIf you are looking for the next hot growth market, a market at the intersection of multiple secular trends, look no further than the EV market. Electric vehicles. It may not sound like much, but the days of EV as a fringe market are over.

Think about this. There is an average of 90 million vehicles sold annually. That’s units, not dollars, total sales of vehicles topped $3.1 trillion in 2019, and the number is expected to grow over the long-term.

The EV market is less than 3.% of global vehicle sales, but it’s growing. EV is expected to account for more than 50% of the total auto-fleet by 2050, and that target could be reached much sooner if battery technology advances.

When it comes to the EV market, it’s a “rising tide lifts all ships” kind of market, but there are still some clear winners to focus on.

#1 - Tesla (NASDAQ:TSLA)

Tesla logo

Tesla (NASDAQ: TSLA) Elon Musk. Love them or hate them, you can’t argue with results. The eccentric and often outspoken tech guru has built this company from the ground up, making it the top pick for EV investment. Along with its flagship line of sedans, Tesla has its sight on the long-haul and consumer pickup truck markets.

Aside from its position as the leading EV manufacturer, it is also the leader in terms of profits. Most EV manufacturers are still operating on a start-up/early growth phase basis, which means production is far from covering costs if production has even started. Tesla’s ability to produce consistent profits is a primary reason for its including in the S&P 500, a move that is sure to drive share prices higher.

About Tesla
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles. Read More 

Current Price: $826.16
Consensus Rating: Hold
Ratings Breakdown: 8 Buy Ratings, 13 Hold Ratings, 12 Sell Ratings.
Consensus Price Target: $311.75 (62.3% Downside)



#2 - General Motors (NYSE:GM)

General Motors logo

General Motors (NYSE:GM) Most if not all of the major OEM auto manufacturers have at least one EV in their lineup. GM is the first and, so far, the only one to really commit to EV as the future of automotive. According to CEO Mary Barra, GM wants to put everyone in an electric vehicle.

To that end, the company recently announced an acceleration of its EV plan. Spending on EV infrastructure and initiatives was increased by 35% to $27 billion, including a plan to list 30 EV models by 2025. Among the initiatives is a push to get dealers to upgrade in preparation for EV sales and support and increased battery production.

In terms of sales, GM is the 2nd largest EV manufacturer in the U.S., next to Tesla, but it’s a distant second. GM’s EV sales command about 10% of the market compared to Tesla’s 53%.

About General Motors
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names. Read More 

Current Price: $49.97
Consensus Rating: Buy
Ratings Breakdown: 16 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $49.83 (0.3% Downside)



#3 - Nikola (NASDAQ:NKLA)

Nikola logo

Nikola (NASDAQ:NKLA) Is Into Big Trucks. Nikola rose to prominence in 2020 when it announced a new project. The Badger line of trucks is intended to match up against the Ford F-Series and spur shares prices to astronomical gains. The sad news is the Bader truck may be nothing more than an idea, but that doesn’t mean Nikola doesn’t deserve a spot in your EV portfolio.

Nikola’s true claim to fame is its focus on BEV long-haul trucking. The company has prototypes in production at a testing facility in Germany, with production slated to begin within 12 to 18 months. The opportunity here is not just an EV but a niche market that has yet to attract other manufacturers. In the interim, Nikola recently inked a deal with GM that ensures the company has access to batteries as it begins and ramps production.

About Nikola
Nikola Corporation operates as an integrated zero emissions transportation systems provider. It designs and manufactures battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure. The company also develops electric vehicle solutions for military and outdoor recreational applications. Read More 

Current Price: $19.74
Consensus Rating: Hold
Ratings Breakdown: 3 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $34.43 (74.4% Upside)



#4 - Workhorse Group (NASDAQ:WKHS)

Workhorse Group logo

Workhorse Group (NASDAQ:WKHS) Delivers The Final Mile. Unlike Nikola, which is yet to begin production, Workhorse Group is not only in production but ramping at an exponential pace. The company’s flagship line is the C-Series of trucks aimed at the final-mile delivery market. The line has two models to date, the C-650, and the larger C-1000, that work in tandem with a proprietary drone system.

Not only does Workhorse Group build EV final-mile delivery trucks, but it also builds state of the art delivery drones. Along with the company’s proprietary tracking system, the drones can work as stand-alone units, paired with delivery vans, or as part of a fleet of vans and drones. The company expects to build at least 1,800 trucks in 2021, but the number could be far larger. Workhorse is in the running for a $6 billion contract from UPS that could keep its facility at full capacity for several years.

About Workhorse Group
Workhorse Group Inc, a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Read More 

Current Price: $23.34
Consensus Rating: Buy
Ratings Breakdown: 5 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $19.57 (16.1% Downside)



#5 - NIO (NYSE:NIO)

NIO logo

NIO (NYSE:NIO) For Luxury SUVs - NIO is one of China’s leading four EV manufacturers with 3 models in production. The company specializes in EV SUVs and has a very interesting hook that investors need to be aware of. The company plans to manufacture EV automobiles and a network of battery charging stations.

The lynchpin of NIO’s plan is the fact NIO batteries are straightforward to remove. The feature opens many possibilities, including membership programs where drivers can swap out dead batteries for fresh ones or selling cars without batteries at a cheaper price point and then signing up drivers for lease/membership deals.

About 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. Read More 

Current Price: $56.27
Consensus Rating: Hold
Ratings Breakdown: 7 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $36.44 (35.2% Downside)



#6 - Lordstown Motors (NASDAQ:RIDE)

Lordstown Motors logo

Lordstown Motors (NASDAQ:RIDE) Will Dominate The Pickup Market - When it comes to full-sized pickup trucks that can compete with the Ford F-Series, look no further than Lordstown Motors. Where Nikola’s Badger is nothing more than an idea, the Lordstown Motors Endurance is on track to begin production in September of 2021. To date, the company has received over 50,000 preorder commitments from fleet operators across the U.S.

Lordstown Motors may have a familiar ring to it, and that is because the company is headquartered in the old GM Lordstown plant in Lordstown, Ohio. In addition to the plant, GM is also providing over $75 million in investments intended to help the company commence and then ramp production. Looking forward, the Lordstown Motors Endurance is a high-probability buyout target for GM, which has already made its position on EV very clear.

About Lordstown Motors
Lordstown Motors Corp., an automotive company, develops, manufactures, and sells light duty electric trucks targeted for sale to fleet customers. It primarily develops Endurance, an electric full-size pickup truck. Lordstown Motors Corp. was founded in 2019 and is based in Lordstown, Ohio.

Current Price: $24.23
Consensus Rating: Hold
Ratings Breakdown: 2 Buy Ratings, 0 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: $23.75 (2.0% Downside)



#7 - Kandi Technologies Group (NASDAQ:KNDI)

Kandi Technologies Group logo

Kandi Technologies Group (NASDAQ:KNDI) Utility And Recreational Vehicles - Kandi Technology is another chance to gain exposure to China in yet another niche market for the EV industry. The company engages in the manufacture and sale of EV parts and vehicles specifically related to the off-road market. Kandi Technology vehicles include go-karts, ATVs, utility vehicles, and scooters. Kandi Technology parts include battery packs, drive motors, EV controllers, and air conditioners.

Kandi Technology has a U.S. subsidiary that is making big moves as well. The company has received multiple certifications for its model K-23, which is an electric micro-car. The California certifications are noteworthy because California has the strictest regulations. With that in mind, it should be no problem for this automaker to expand into all 50 U.S. states.

About Kandi Technologies Group
Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go-karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products, as well as electric scooters and electric self-balancing scooters. Read More 

Current Price: $7.91
Consensus Rating: N/A
Ratings Breakdown: 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A



#8 - Blink Charging Co. (NASDAQ:BLNK)

Blink Charging logo

Blink Charging Co. (NASDAQ:BLNK), Because You Have To Charge Your Battery - Blink Charging Co is filling a niche that is quickly getting bigger and bigger. Electric charging stations. It and its network of subsidiaries operate a network of charging stations that amount hi-tech quick stops. Along with that, the company offers charging equipment for individuals and businesses to charge their vehicles at will. And there is also a cloud-based service that allows uses to track charging, find locations, and other roadside amenities.

In terms of revenue and growth, Bink Charging Co is still a microcap stock whose revenue is counted in millions, but it is growing. Revenue growth has been running in the low teens over the past year, with a sustained growth forecast for the next five to ten years. Among the company’s many initiatives are partnerships with major brands like Burger King. The company recently announced a deal to operate charging stations at host Burger King restaurants across the northeast.

About Blink Charging
Blink Charging Co, through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. Read More 

Current Price: $47.10
Consensus Rating: Hold
Ratings Breakdown: 0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $5.00 (89.4% Downside)

 

At the forefront of this revolution, the company’s stand to make billions, if not trillions in revenue. We’re talking about a 35% to 45% CAGR for the next two to three decades in terms of growth.

That’s right, decades. That’s a big opportunity for the right investors. Investors with foresight who have the stomach to ride out some volatility.

7 Marijuana Stocks Worth Speculating On

To say it’s been a rough two years for the cannabis industry is an understatement. Due to a combination of issues (including some self-inflicted wounds), the cannabis boom predicted in 2018 has not materialized. But that could be about to change.

If Joe Biden wins the presidential election, it will likely be part of a “Blue Wave” that will bring Democratic party control of both houses of Congress. And even if President Trump successfully wins a second term, it is still possible that Republicans could lose their hold on the Senate.

The bottom line is there is a range of outcomes that are possible. Most of those outcomes are favorable to the legalization of marijuana. And even if cannabis is not made legal on the federal level, it seems likely that the remaining states holding out will take steps to legalization. That’s because, like gambling, cannabis may create an economic lift that cash-strapped states may find too difficult to turn down.

One thing is certain. If you wait until the right time, you’ll have missed out on some eye-popping initial gains. But to get that reward in the future, you’ll need to assume some risk now. In this special presentation, we’ve identified seven cannabis stocks that you can consider when evaluating your opportunity in the cannabis sector.

View the "7 Marijuana Stocks Worth Speculating On " Here.







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