We all know that electric vehicles are the future of day-to-day transportation. They are simpler to manufacture than their gas-combustion cousins. They allow for the easy integration of driver assistance and other technologies. And, they can be refueled in your garage with renewable energy from the grid.
How does an investor profit from this trend? Your natural first thought might be to put money in Tesla, but it's hard to make money off a company that is already trading at a price-to-earnings ratio of 50 (or sometimes even more!). Most of the future growth of Tesla is already baked into its share price, unfortunately.
We've also heard about companies like Nikola and Rivian that want to be the "next Tesla," but so far none of them have shown themselves to be formidable competitors to Elon Musk's electric vehicle powerhouse. Some of them even turned out to be outright frauds.
So, how do we profit from the electric vehicle mega-trend? We look at other companies in the E.V. supply chain that are providing parts, equipment, and services to major automobile manufacturers as they begin the transition to producing fully electric vehicles.
We've conferred with Wall Street's top-ranked research analysts and scoured hundreds of their reports to find the best E.V. companies that you can invest in right now. We've identified seven companies that stand to benefit from the electric vehicle mega-cycle and Wall Street's best analysts are giving these companies "buy" and "strong buy" ratings in their proprietary research reports.
#1 - Infineon Technologies (OTCMKTS:IFNNY)
- Consensus Rating
- Strong Buy
- Rating Score
- 4.0
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
About Infineon Technologies
Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.
More about Infineon Technologies
Recent Analyst Ratings
- Consensus Rating
- Buy
- Rating Score
- 3.0
- Ratings Breakdown
- 3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $117.50 (44.3% Upside)
About EnerSys
EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.
More about EnerSys
Recent Analyst Ratings
#3 - ZEEKR Intelligent Technology (NYSE:ZK)
- Consensus Rating
- Buy
- Rating Score
- 3.0
- Ratings Breakdown
- 6 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $32.02 (8.9% Upside)
About ZEEKR Intelligent Technology
ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.
More about ZEEKR Intelligent Technology
Recent Analyst Ratings
- Consensus Rating
- Buy
- Rating Score
- 3.1
- Ratings Breakdown
- 14 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $78.35 (18.8% Upside)
About Shell
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.
More about Shell
Recent Analyst Ratings
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.7
- Ratings Breakdown
- 8 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $17.27 (123.2% Upside)
About Enovix
Enovix Corporation designs develops and manufactures silicon-anode lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
Recent Analyst Ratings
- Consensus Rating
- Buy
- Rating Score
- 3.1
- Ratings Breakdown
- 11 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.25 (69.4% Upside)
About EVgo
EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.
More about EVgo
Recent Analyst Ratings
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.7
- Ratings Breakdown
- 5 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $44.83 (25.4% Upside)
About Vontier
Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.
More about Vontier
Recent Analyst Ratings
More Investing Slideshows:
