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Tag: EV

  • 5 Best EV charging stocks to buy in 2022 for long-term

    5 Best EV charging stocks to buy in 2022 for long-term

    Those of you who believe Electric vehicles are the future. Well, EV production is increasing every passing quarter. To run EVs you need charging stations. EV charging companies are increasing their infrastructure in the U.S. and in coming years it’ll spread over different countries. This boom has created an exciting time for investors looking to seek out EV charging stocks.

    The electrification of transportation, which is about 20% of U.S. greenhouse gas emissions, is one of the solutions to climate change. Yet EVs are still only about 3% of cars sold on the U.S. Road trip. Potential EV drivers worry that they won’t be able to charge the car while on an extended trip.

    Congress has recognized this problem and passed the Infrastructure Bill, allocating $7.5 billion to EV charging stations. And Biden has called for building 500,000 charging stations across the country. What that means for EV charging companies is a great opportunity for growth.

    EVgo (EVGO)

    EVgo (EVGO) owns and operates a direct current fast-charging network for battery electric vehicles in the United States. In our last video of EV charging stocks, EVGO was trading at its 52-week highs and now it has dropped half of its share price. So, are we still going for the stock to buy in the EV charging space?

    EVgo is one of the most developing companies in the EV charging market. EVGO stock has dropped to its 52-week lows, which gives the stock a huge upside. Let’s see how does EVgo positions itself to become a developing power in the sector.

    EVgo’s operations in the quarter demonstrated further progress toward an electrified transportation future. More drivers are using DC fast charging services, generating the highest network throughput EVgo has ever delivered to its EV-driving customer base.

    The growth has helped the company accumulate 29% more revenue in the third quarter. While the network output rose to an all-time high of 8.0 Gigawatt-hours. That’s a 31% increase over the previous quarter.

    EVGO stock looks good and it’ll be a great investment if you hold the stock for a longer time.

    Beam Global (BEEM)

    Beam Global (BEEM) is a cleantech company that is involved in renewably energized products for electric vehicle charging infrastructure. The company lives at the intersection of solar power and EV charging. Beam’s main product is the EV autonomous renewable charger, the EV ARC.

    The main thing that differentiates and supports the concept of renewable energy is Beam’s stand-alone solar-powered charging station. The EV ARC can fit into standard parking spaces and accommodate most EV models. The charger can be deployed within a few minutes of delivery and operates off the grid for increased flexibility.

    A key advantage of Beam’s EV ARC is its fast installation. The company’s customer list includes more than two dozen government agencies and municipalities in California. In recent months, the company has also announced new deployments in Charlotte, North Carolina; San Jose, California; and New York City.

    Beam’s most recent quarterly report showed strength on several metrics. The revenue soared over 63% year over year to $2.02 million. Looking ahead, the company reported a work backlog of $7.1 million, its highest ever and an important indicator of future revenues. Moreover, Beam has expanded its sales pipeline, growing from $50 million to $75 million.

    BEEM could be a stock that could make you many buys in the coming years in the EV charging stocks sector.

    Volta (VLTA)

    Volta (VLTA) is an interesting play on EV charging stocks because of its business model. The company operates a network of smart media-enabled charging stations for EVs in the U.S. As of June 30, 2021, VLTA had 1,900 chargers across 26 territories and states.

    Volta is growing fast. In the recent quarterly update, the company mentioned its partnership with Six Flags Entertainment Corporation. Six Flags is the world’s largest regional theme park company. VLTA now plans to spread its charging network at parks across the U.S. serving hundreds of millions of guests.

    Apart from EV charging networks, Volta also sells the advertising time on the stations’ digital ad screens. That is the lion’s share of Volta’s business. Sales during the last quarter were $8.5 billion, with the company’s ad revenue accounting for $7.36 billion of the total sales.

    Whereas, YoY revenue was up 77% in the third quarter of 2021. With the White House’s plans to create its huge national network of EV charging stations, VLTA stock has a huge opportunity in the coming years.

    VLTA stock is trading at its 52-week lows, so shares are heavily discounted right now.

    Wallbox (WBX)

    Wallbox (WBX) is known for creating EV charging and energy management systems. The company makes EV chargers for homes, businesses, and cities. So far, as per the reports, the company has sold over 100,000 units, including 66,000 during the first nine months of 2021.

    Wallbox has partnered with a residential solar company, SunPower, to integrate its E V chargers with solar panels. As the expected first choice EV charger provider for SunPower’s 370,000 customers, WallBox could see growth pick up.

    Recently, the company announced its expansion into Canada. Wallbox will integrate its charging network in North America via its global best-selling charger, Pulsar Plus. Pulsar Plus is the number one best-selling charger on Amazon. Wallbox has begun selling chargers to all provinces in Canada through Amazon and B2B sales channels.

    WallBox has obtained strong outcomes due to growing demand and consumer preference for its products. The way WBX’s managed the global supply chain issues has enabled the company to sustain strong momentum.

    WBX stock is surely a decent pick in the EV charging stocks sector.

    ChargePoint Holdings (CHPT)

    ChargePoint Holdings (CHPT) is one of investors’ favorite EV charging stocks. The company provides EV charging services to residential, fleet, and commercial customers. Why makes ChargePoint a go-to stock in the sector?

    Back in 2017, the company acquired nearly 10,000 charging stations from GE, which exited the charging business. Today, CHPT has over 163,000 places to charge in North America and Europe. With 7x the market share of its closest competitors, ChargePoint has its charm in the market.

    CHPT stock has plunged significantly since our last video that featured in Nov 2021. That’s mainly due to investors’ speculation in the short run. We believe the company is well-positioned in the market and has the upthrust to push the stock in the future.

    Looking at the quarterly outcomes, the company has been delivering strong results. ChargePoint reported 79% year-over-year revenue growth in its recently reported quarter. That allowed it to raise revenue guidance for the second time in six months for its full fiscal year. That’s a good indication for the stock in the long run. However, investors focused more on the bottom line, which showed a growing net loss for the period.

    Keep your eyes on CHPT stock, it’s worth investing in the EV charging stocks.

  • Cango Inc. (CANG) Stock Trending Lower Despite Promising Outlook of EV Sector as 5G Technology Gains Steam

    Despite endorsing the EV boom, Cango Inc. (CANG) stock prices were down 6.17% as of the market closing on July 23rd, 2021, bringing the price per share down to USD$4.41 at the end of the trading day. Subsequent premarket fluctuations saw the stock fall by another 0.45%, bringing it down to USD$4.39.

    History of Automotive Industry

    July 23rd, 2021 saw CANG stock issues its latest bi-monthly publishing about the automotive industry’s status quo, CANGO Auto View, which contained an article that divided the industry’s most recent 100-year history into four developmental stages. The first era resulted in luxury car brands that by now have developed an illustrious history; the second marked the industrialization of the assembly line and global proliferation of manufacturers, and the third era saw Toyota focus on the leanness from its predecessor era and address an energy crisis. The fourth and current era marks the rise of electric vehicles, focused on electrification, intelligence, connectivity, and shared mobility.

    CANG stock link with 5G Technology

    As 3G technology resulted in the rise of the PC Internet era, 4G resulted in the mobile Internet wave. The automotive industry will be at the forefront of the array of industries that 5G is set to revolutionize. 5G technology is under continuous development and is repeatedly hitting new milestones. The automotive industry is also motivated to push for the transition from traditional automotive to electric and non-fossil fuel vehicles.

    Scope of 5G Technology

    CANG stock expects the costs of single data unit transmission to be cut down substantially as a result of 5G technology powering a massively increased network capacity. Given how electric vehicles demonstrate a superiority over traditional models in terms of intelligence development, such as with short latency, the deployment of 5G technology is generating expectations of increased intelligence of new energy vehicles.

    EV Sector in China

    China is the largest market for the electrification of vehicles, with both government and consumer clients having a great need for environmental protection and air quality improvement. The country also owns the largest number of Internet of Vehicles companies, signaling their consumers’ high acceptance of the Internet. With the supply of related developers and engineers, the applicability of the Internet in the automotive industry is being explored.

    Future Outlook for CANG Stock

    Its most recent issue of CANGO Auto View does well to shed light on the promising scope of the effect of 5G technology on the automotive industry. The electric vehicle industry is set to explode following the proliferation of 5G as the new standard for connectivity. Investors are hopeful that management will continue to leverage the available resources to facilitate worthwhile increases in shareholder value.

  • Texas Instruments Inc. (TXN) Stock Exhibits Minor Volatility Ahead of Lukewarm Profit Forecast

    Texas Instruments Inc. (TXN) stock prices were up 3.45% as of the market close on July 22nd, 2021, bringing the price per share up to USD$194.24 at the end of the trading day. Subsequent premarket fluctuations saw the stock fall by 4.86%, bringing it down to USD$184.80.

    Soft Financial Expectations

    Despite the company’s revenue forecast for the current fiscal period disappointing some investors, the company is confident regarding its trajectory of success. Investors are concerned that the recent momentum seen in chip demand growth caused by the onset of the global coronavirus pandemic will be short-lived. TXN reported expecting sales ranging from USD$4.4 billion to USD$4.76 billion for the fiscal quarter ending in September of 2021, representing a profit per share ranging from USD$1.87 to USD$2.13 a share.

    Changing Marketspace

    In line with the success seen by the chipmaking sector, TXN has reported several consecutive quarters of double-digit percentage revenue growth, largely driven by increases in demand for a range of devices that use the company’s tiny electronic components. The extent of the growth seen by the sector has raised concerns that at least some of the movement is a result of panic buying from customers concerned about future shortages, that may not actually occur. Such stockpiling behavior has historically been associated with crashes.

    Lower Inventory Levels

    The company’s management reported in-house inventory having fallen to 111 days for the quarter, down from the average of 130 to 190 days it has typically maintained. The length of time between the placement of an order and the delivery to customers referred to as the lead time, has been increasing for an increasing range of TXN’s offerings.

    About TXN

    TXN, which is based out of Dallas, has an extensive catalogue of products in the tens of thousands and a massive customer base of more than 100,000. The company manufactures an array of products ranging from phones to military hardware and addresses a substantial chunk of the electronics market, facilitated by its extensive reach as the largest manufacturer of analog and embedded processing chips. The industrial machinery sector is particularly significant supplied by the company’s offerings.

    Future Outlook for TXN

    Despite the company not being able to maintain its recent trajectory of success, TXN is poised to capitalize on strategic opportunities to ensure an organic acceleration of its growth. The company is keen to adapt to the evolving chip market, with its decisions being founded in evidence-based foresight. Investors are hopeful that the company will be able to usher in significant and sustained increases in shareholders.

  • XPeng Inc. (XPEV) Stock’s Downward Trend Persists as Chinese Regulations and Oversight Continue to Increase

    XPeng Inc. (XPEV) Stock’s Downward Trend Persists as Chinese Regulations and Oversight Continue to Increase

    XPeng Inc. (XPEV) stock prices were down by 5.86% on July 7th, 2021, bringing the price per share down to USD$41.47 at the end of the trading day. Subsequent premarket fluctuations have seen the stock fall another 6.27%, bringing it down to USD$38.87.

    EXPV Hong Kong Debut

    July 7th, 2021 saw the company fall flat in its trading debut in Hong Kong, having been the first Chinese EV maker to finish a “homecoming” share sale. The share sale saw the company raise an impressive USD$1.8 billion. The shares opened at USD$21.62 and fluctuated throughout the session before ending the trading day at USD$21.24, the same as their offer price. The company went public in the U.S in August 2021 and its New York-listed shares have nearly tripled from their IPO price.

    Increasing Chinese Oversight

    The company’s Hong Kong debut followed increases in Chinese regulations as the country cracks down on the technology industry, dealing a massive blow to both global investors and local companies hoping to be listed abroad. July 6th, 2021 saw the Chinese State Council vow to further increase oversight of data security and overseas listings.

    Future of EV Space in China

    With the Chinese regulatory probe into Didi Chuxing recently, the electric vehicle manufacturing space is concerned about the future of the gathering and analytics of vehicle operating data, which was expected to be the next big source of companies’ profits. Stricter government oversight has also resulted in the scaring off of global investors. Shares of Chinese EV manufacturers that are listed in the U.S. have rallied since their lows in mid-May 2021, based on promising demand growth. XPEV is the first of a total of three U.S-listed Chinese EV makers to launch a homecoming sale. Nio and Li Auto are planning to follow suit with listings in Hong Kong.

    Promising Developments

    Despite the company not having yet turned a profit, revenue has been increasing. With the company forecasting profitability by late 2023 or early 2024, revenues have reached USD$455 million in the first quarter of 2021. Deliveries for June 2021 were up a staggering 617% as compared to numbers from the same month of the prior year.

    Future Outlook for EXPV

    As the company expands its investor base closer to home, it is keen for its consumers to also be its stockholders. XPEV is poised to ride the wave of increased Chinese regulations, with strategies to come out stronger than ever. Investors are hopeful that the company will not be hit too hard by the increasing oversight and that this will not affect its listings abroad.

  • Ayro, Inc. (AYRO) stock Continues Uptrend Following News of Agreement with KICC

    Ayro, Inc. (AYRO) stock prices were up by a marginal 2.87% shortly after market trading commenced on July 1st, 2021, bringing the price per share up to USD$5.02 early on in the trading day.

    Manufacturing Agreement

    July 1st, 2021 saw the company announce the first Club Car Current vehicles being produced as per a contract manufacturing agreement with the Karma Innovation and Customization Center (KICC). The light-duty electric vehicles address the gap in the market between full-sized trucks and smart utility carts for low-speed logistics and cargo services in campus and urban environments. The formation of the partnership that had arranged for the production of EV vehicles took place in September of 2020.

    Combined Resources

    In the interest of Karma’s ongoing business to business (B2B) initiatives, the relationship with AYRO will utilize their combined OEM expertise and capabilities. The collaborative effort will seek to facilitate that provision of manufacturing, engineering, design, and other services to customers in the mobility space. AYRO’s end-user, market intelligence, and engineering expertise will be complemented by KICC’s manufacturing capabilities and development experience in order to deliver light-duty trucks and electric delivery vehicles to businesses across the U.S.

    Club Car Current

    The Club Car Current is designed for several bed options and accessories, including, but not limited to, van box, pickup truck with sides, flatbed configurations, in order to ensure fleet versatility. It is an ideal solution for the local market, as evidenced by its certification under the State’s California Air Resource Board (CARB) Certification, with its global warming and air quality of zero emission vehicles scoring “cleanest”.

    Working Together

    With AYRO having met exceptionally strong demand from fleet customers, Karma is helping the company deliver the initial run of vehicles from their Moreno facility. This is despite the supply chain challenges that have been adversely affecting production for the rest of the industry. Together, they enable AYRO to deliver on their brand promise to provide practical solutions that address the needs of various business types by providing purpose-built EVs that are fully customizable, affordable, and immediately available.

    Future Outlook for AYRO

    Armed with its recent collaboration, AYRO is poised to capitalize on potential opportunities to consolidate and expand its market footprint in the EV sector. Investors are hopeful that the partnership will facilitate a fruitful leveraging of resources to ensure a continued trajectory of success.

  • Greenland Tech Holding Corp. (GTEC) Stock Falls Following New of Upcoming Public Offering

    Greenland Tech Holding Corp. (GTEC) stock prices were down by a marginal 2.58% as of the market closing on June 25th, 2021, bringing the price per share down to USD$9.07 at the end of the trading day. Subsequent pre-market fluctuations saw the stock fall by a significant 15.21%, bringing it down to USD$7.69.

    Strategic Partnership

    The company announced on June 21st, 2021 that it had entered into a major strategic partnership with Shandong Zhongcha Heavy Industry Machinery Co. The companies plan to collaboratively launch a lithium battery forklift, which will make use of GTEC’s innovative integrated drivetrain system that will be available for sale in the U.S by July 2021. To further drive revenue generation and consolidate their market leadership, GTEC plans to combine R&D resources to develop the new lithium powered forklifts.

    Launch of EV Pre-Booking

    June 15th, 2021 saw the company announce the launch of its online EV pre-booking service for the GEL-1800 1.8 ton Electric Loader, as well as the GEX-8000 Electric Excavator. Deliveries are forecasted for August 2021, ahead of schedule. The company website offers more information, as well as a service to pre-book a vehicle with a USD$250 refundable deposit.

    Success of Pre-Booking

    As the company expands its product portfolio and raises brand awareness, the highly promising initial interest has the momentum to carry the company through to a successful launch. In the absence of alternative industrial electric vehicles on the market, the upcoming launches are expected to be highly disruptive. Pre-bookings afford customers the chance to integrate products into their existing budget cycles as fiscal forecasts, while offering GTEC increases visibility and ramp production.

    Product Portfolio Expansion

    GTEC’s GEL-1800 Electric Loader has a maximum loading capacity of nearly 1800 kg and comes equipped with a massive 144 kWh battery. The vehicle is designed to be used in a variety of applications, including construction, mining, farming, and industrial. The GEX-Electric Excavator is an 8 ton electric excavator that has a minimal pollution footprint as compared to traditional internal combustion engines while having the power to get the most challenging jobs done. The GEX-8000’s absence of carbon emissions reflect a safer option for the workplace, operators, and the local community.

    Future Outlook for GTEC

    Armed with the upcoming commercialization and proliferation of its new products in a prime market, GTEC is poised to continue its trajectory of success. The company is keen to usher in further growth with its continued efforts to maximize market penetration. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • XPeng Inc. (XPEV) Stock Undergoes Minor Volatility Ahead of Approval for Hong Kong Listing

    XPeng Inc. (XPEV) stock prices were down by 8.34% as of the market closing on June 22nd, 2021, bringing the price per share down to USD$39.99 at the end of the trading day. Subsequent pre-market fluctuations have seen the stock rise by 4.68%, bringing the price per share up to USD$41.86.

    Honk Kong Listing

    The New York-traded electric vehicle manufacturer, Xpeng, Inc., has been authorized to be listed on the Hong Kong stock exchange. This move could see the company generate as much as USD$2 billion in Honk Kong as early as the current fiscal year. The company’s American depositary receipts were up at a peak of 4.7% during premarket hours on June 23rd, 2021, with the stock having exhibited a 170% increase since its initial listing in August 2020.

    U.S.-China Tensions

    Xpeng’s inclusion in the Honk Kong listing would end a period that marked an absence of the listing of U.S.-listed Chinese firms. The previous such listing was for the travel firm, Trip.com Ltd., in April 2021, which ended up raising almost USD$1.25 billion. Investors hope Xpeng’s listing marks the resumption of the flocking of U.S.-traded Chinese companies to the Asian financial hub since 2018, when regulations were eased to allow the likes of Alibaba and gaming giant NetEase to list.

    Relations Improving

    Stateside-traded Chinese firms are given scaffolding by a listing in Honk Kong, which acts as a hedge against the risk of being delisted from the U.S. exchanges. This allows the companies to broaden their investor base closer to home. Following a bill passed in the U.S., public Chinese companies could find themselves delisted from U.S. stock bourses if they do not allow their audits to be reviewed by American regulators.

    Landmark Listing

    Xpeng’s listing is a dual primary listing, which means it isn’t exempt from some of the Asian hub’s listing rules like it would be if it were a secondary listing. Because the company has only been public in New York since August 2020, it doesn’t meet the requirement of having a two-year listing history for it to merit a secondary listing in Honk Kong. The primary dual listing will be the biggest of its kind in Honk Kong in almost 3 years, when biotech drugmaker BeiGene Ltd. raised USD$903 million.

    Future Outlook for XPEV

    Armed with a massively expanded potential investor-base, XPEV is poised to capitalize on the broadened opportunities afforded to it from its Hong Kong listing. The company is keen to continue its trajectory of success and usher in unprecedented growth with access to more capital. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • Greenland Technologies Holding Corp. (GTEC) Stock Undergoes Minor Volatility Despite Launch of EV Pre-Booking

    Greenland Technologies Holding Corp. (GTEC) Stock Undergoes Minor Volatility Despite Launch of EV Pre-Booking

    Greenland Technologies Holding Corp. (GTEC) stock prices were down by 4.62% shortly after market trading commenced on June 16th, 2021, bringing the price per share down to USD$9.07 early on in the trading day.

    Launch of EV Pre-Booking

    The company announced on June 15th, 2021 that it had launched an online EV pre-booking service for its new vehicles, the GEL-1800 1.8 ton Electric Loader and the GEX-8000 Electric Excavator. Delivery of the vehicles is expected to commence in August 2021, ahead of the previous forecasted schedule. The company website offers more information, as well as the facility to pre-book a vehicle with a USD$250 refundable deposit.

    Pre-Booking Success

    Initial interest in electric vehicles has been very strong, with interest expected to grow as GTEC expands its catalogue of offerings with the introduction of new electric vehicles and raising of awareness. The upcoming launches are expected to be highly disruptive in the absence of alternative industrial electric vehicles on the market. The opening of pre-bookings allows customers to incorporate products into their existing budget cycles as forecasts while offering the company increased visibility and ramp production.

    GEL-1800 Electric Loader

    The company’s GEL-1800 Electric Loader boasts a loading capacity of almost 1800 kg and is equipped with an impressive 144 kWh lithium battery. The vehicle is designed to be used in a myriad of applications, including, but not limited to, construction, mining, farming, and industrial.

    GEX-Electric Excavator

    The GEX-Electric Excavator, on the other hand, is an 8 ton electric excavator with the power to get the toughest of jobs done without the generation of the pollution associated with traditional internal combustion engines. The absence of carbon emissions generated through the operation of the GEX-8000 points to a safer option for the workplace, operators, and the local community.

    Future Outlook for GTEC

    Armed with the pending commercialization and proliferation of its new products in a market that is ripe for the taking, GTEC is poised to continue its trajectory of success. The company is keen to usher in further growth as it continues to push for increased market penetration. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.