Electric Vehicle (EV) stocks have been on steady incline so far in 2021 and we should expect the upswing to continue throughout the year .
Here are some EV stocks worth a look for February 2021 and beyond.
EVs that every investor must be watching
Tesla (Nasdaq: TSLA)
The global leader and undisputed standard when it comes EV. Tesla’s rise has nothing short of amazing and CEO Elon Musk is now the richest man in the world surpassing Jeff Bezos. In December 2020, TSLA entered the S&P 500 with a 1.69% weighting making it the fifth largest in the index. In addition to EV, the automaker also manufactures and install solar energy storage which only adds to value.
NIO (NYSE: NIO)
China’s version of TSLA, NIO rose from the ashes in just over a year, rocketing 2000% from its low. The company has doubled their operations delivering over 30,000 electric vehicles last year to compete with TSLA.
Ford (NYSE: F)
Ford is a dirt cheap EV play that should have lots of room on the upside if you are willing to hold a long position for the next several years.
Plug (Nasdaq: PLUG)
PLUG has recently seen massive upward movement due to strategic alliances made with South Korean SK group. This strategic agreement is expected to pay huge dividends as the South Korean government ramps Hydrogen vehicles over the next 20 years.
Blink Charging Co. (Nasdaq: BLNK)
With all the new EV cars, who’s going to build all the charging stations? Blink Charging is trying to solve this problem and has already deployed thousands of charging stations across the US.
Other EVs worth a look
Switchback Energy (NYSE: SBE)
Switchback Energy is an SPAC that is aimed to merge with ChargePoint which has one of the largest EV charging networks in the world. Pending the final details of this merger, SBE is definitely a stock to watch in the next several months.
Nikola Corp (Nasdaq: NKLA)
With earnings expected February 25th, Nikola is an important EV play to keep an eye on in the first quarter of 2021. Any negative investor sentiment is tied to the cash burn rate which should be addressed in the earnings call by the end of the month.
Ayro Inc (Nasdaq: AYRO)
Ayro is another dirt cheap EV play that could offer investors huge returns if they can tolerate some risk in 2021. The company just recently announced $20 million (3.3 million shares) direct offering for additional working capital.
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** Our content is intended to be used for informational purposes only. It is imperative that you do your own research and analysis before making any investment. Always consult with a professional or your financial adviser before making an investment decision.
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