Which are the Best EV stocks on NASDAQ?
In recent years, electric vehicle (EV) stocks have been a trendy issue among stock market investors. Many predict that the automobile industry will eventually transition to electric vehicles. Even governments throughout the world have subsidized the shift to EVs in various ways.
"We will not stop until every car on the road is electric" - Elon Musk.
A declaration from the ruler of the electric vehicle industry compelled us to reevaluate our investment strategy, and the hype prompted us to consider how we can capitalize on the expanding potential.
Should I invest in EV Stocks or are they hyped?
Currently, everything is working in favour of EV adoption, and there are a few factors that contribute to this. Along with cost reductions, range and charging speed have improved. In addition, the tax concessions are an appealing consideration.
It's preferable to buy and keep an eye on companies that have demonstrated a consistent ability to generate earnings while also outperforming the market, as shown by bullish chart patterns. It's not the tipping point for electric vehicles stocks; there is a slew of other investment opportunities, such as electric vehicle battery and charging stock, as well as EV suppliers.
Having identified a few of the most important investment vehicles in the electric car industry, let's take a deeper look at how these companies integrate into the larger ecosystem.
Top 3 EV Stocks On NASDAQ - Today
Fast-moving stocks in the electric vehicle (EV) business may be worth a deeper look for investors who wish to profit from the booming industry; here are the top three stocks you can get your hands on.
1. Ford Motor Company
Ford's plan for growth and value creation leverages the company's existing capabilities while it works on electrification. Impressively, the business anticipates that 40% of Ford's worldwide car output will be all-electric by 2030 and has increased projected electrification investment to more than $30 billion by 2025.
Key Data (Subject to change)
Label Value
Exchange
NYSE
Sector
Capital Goods
Industry
Auto Manufacturing
1 Year Target
$17.00
Today's High/Low
$19.62/$19.21
Share Volume
60,538,539
Average Volume
70,554,710
Previous Close
$19.55
52 Week High/Low
$20.51/$8.10
Market Cap
77,462,745,670
P/E Ratio
27.69
Forward P/E 1 Yr.
10.63
Earnings Per Share(EPS)
$0.70
Annualized Dividend
$0.40
Ex-Dividend Date
Nov 18, 2021
Dividend Pay Date
Dec 1, 2021
Current Yield
N/A
Beta
1.12
2. Nio Inc.
Nio as an electric vehicle manufacturer that is also a leader in next-generation technology like connectivity, autonomous driving, and artificial intelligence is a market leader in China's electric vehicle sector. its industry-leading battery swapping technologies ensure that Battery as a Service delivers unrivalled performance. The on-demand battery subscription enables a greater range with a single switch. Additionally, it enables centralized battery management, which eliminates concerns about battery deterioration.
Key Data (Subject to change)
Label Value
Exchange
NYSE
Sector
Capital Goods
Industry
Auto Manufacturing
1 Year Target
$62.50
Today's High/Low
$43.55/$41.91
Share Volume
30,350,887
Average Volume
121,148,971
Previous Close
$42.20
52 Week High/Low
$66.99/$30.71
Market Cap
69,723,866,318
Forward P/E 1 Yr.
-49.65
Earnings Per Share(EPS)
$-0.99
Annualized Dividend
N/A
Ex Dividend Date
N/A
Dividend Pay Date
N/A
Current Yield
N/A
Beta
2.45
3. Xpeng Inc.
Xpeng, a Chinese EV manufacturer based in Guangzhou, sells premium EVs to consumers. Which sports a slew of cutting-edge features, from in-car intelligent software solutions to Xpeng's full-stack intelligent driving technology. Additionally, the corporation is expanding its "supercharging facilities" to keep up with increased consumer demand.
Key Data (Subject to change)
Label Value
Exchange
NYSE
Sector
Capital Goods
Industry
Auto Manufacturing
1 Year Target
$57.71
Today's High/Low
$50.40/$47.66
Share Volume
14,727,158
Average Volume
N/A
Previous Close
$47.58
52 Week High/Low
$74.49/$22.73
Market Cap
41,537,666,344
Forward P/E 1 Yr.
-48.55
Earnings Per Share(EPS)
$-1.29
Annualized Dividend
N/A
Ex-Dividend Date
N/A
Dividend Pay Date
N/A
Current Yield
N/A
Beta
8.11
Author’s Opinion:
With total sales estimated to reach $120 billion in 2020 (up 50% from 2019 levels), the electric vehicle industry represents a sizable investable segment of the global economy, with the exponential growth expected over the following decade.
In the near term, EV stocks will continue to be squeezed by the global semiconductor shortage afflicting the auto industry as a whole. However, in the long run, additional government assistance for electric vehicles is anticipated, as prices continue to fall. What are you waiting for? Start Investing Now!
*The views and opinions stated here are those of the author and do not necessarily represent those of Nasdaq, Inc.*
