Top Electric Car Stocks for Q3 2021


The electrical auto trade is comprised of corporations targeted on the manufacture of electrical vehicles, vehicles, vans, and industrial automobiles, in addition to corporations that provide electrical car components and providers. While some conventional automakers additionally produce electrical automobiles, this text focuses on corporations thought of to be largely pure-play electrical car producers. The electrical automotive trade is younger and rising shortly. Tesla Inc. (TSLA) is among the extra acquainted names, however there are others like Workhorse Group Inc. (WKHS) and Arcimoto Inc. (FUV) which might be exhibiting fast development.

As a comparatively new trade, there isn’t a benchmark for electrical automotive corporations. However, electrical automotive shares could be in comparison with the broader fairness market as represented by the Russell 1000. The Russell 1000 has offered a complete return of 35.7% over the previous 12 months. This market efficiency quantity and all statistics within the tables under are as of June 9, 2021.

Here are the highest Three electrical automotive shares with the most effective worth, the quickest development, and probably the most momentum.

These are the electrical automotive shares with the bottom 12-month trailing price-to-sales (P/S) ratio. For corporations in early levels of growth or industries affected by main shocks, this may be substituted as a tough measure of a enterprise’s worth. A enterprise with increased gross sales might ultimately produce extra revenue when it achieves, or returns to, profitability. The price-to-sales ratio reveals how a lot you are paying for the inventory for every greenback of gross sales generated.

Best Value Electric Car Stocks
  Price ($) Market Cap ($B) 12-Month Trailing P/S Ratio
Kandi Technologies Group Inc. (
KNDI)
6.28 0.5 4.5
Li Auto Inc. (
LI)
27.43 24.8 12.3
NIO Inc. (
NIO)
42.74 70.0 16.4

Source: YCharts

  • Kandi Technologies Group Inc.: Kandi Technologies Group is a China-based firm primarily targeted on the event and manufacturing of electrical automobiles (EVs), components, and off-road automobiles. It produces mini electrical vehicles, all-terrain automobiles (ATVs), go-karts, and bikes. In late May, the corporate unveiled its new Ok32 utility terrain car (UTV), which options pure electrical four-wheel-drive propulsion and a totally enclosed cockpit with air-con. Sales of the brand new car are deliberate to start someday in 2021.
  • Li Auto Inc.: Li Auto is a China-based developer and producer of good electrical automobiles. Its most important product is the Li ONE, a sensible electrical sport utility car (SUV). The firm additionally sells peripheral merchandise and associated providers, together with charging stalls and Internet connection providers for automobiles.
  • NIO Inc.: NIO is a China-based producer of good and linked electrical automobiles, and associated components. Its automobiles are geared up with assisted-driving options. The firm additionally supplies car charging options. In May, NIO delivered 6,711 automobiles, a year-over-year (YOY) improve of 95.3%. NIO stated that its car deliveries have been adversely impacted for a number of days resulting from semiconductor provide points.

These are the highest electrical automotive shares as ranked by a growth mannequin that scores corporations based mostly on a 50/50 weighting of their most up-to-date quarterly YOY share revenue development and their most up-to-date quarterly YOY earnings-per-share (EPS) development. Both gross sales and earnings are essential elements within the success of an organization. Therefore rating corporations by just one development metric makes a rating prone to the accounting anomalies of that quarter (akin to adjustments in tax legislation or restructuring prices) which will make one or the opposite determine unrepresentative of the enterprise basically. Companies with quarterly EPS or income development of over 2,500% have been excluded as outliers.

Fastest Growing Electric Car Stocks
  Price ($) Market Cap ($B) EPS Growth (%) Revenue Growth (%)
XPeng Inc. (
XPEV)
38.07 30.6 N/A (see firm description) 670.6
NIO Inc. (NIO) 42.74 70.0 N/A (see firm description) 526.1
Workhorse Group Inc. (WKHS) 16.90 2.1 N/A (see firm description) 518.1

Source: YCharts

  • XPeng Inc.: XPeng is a China-based firm that designs and manufactures good electrical automobiles. Its automobiles present seamless integration with superior Internet, synthetic intelligence (AI), and autonomous driving applied sciences. The firm additionally supplies a spread of associated providers, akin to supercharging, upkeep, and car leasing providers. In May, XPeng delivered 5,686 automobiles, a 483% YOY improve. Because the corporate posted a web loss for the newest quarter we can’t calculate an EPS development charge for the desk above.
  • NIO Inc.: See above for firm description. Because the corporate posted a web loss for the newest quarter we can’t calculate an EPS development charge for the desk above.
  • Workhorse Group Inc.: Workhorse Group designs and builds electrical automobiles and plane, together with cargo vans, medium and light-duty pickup vehicles, supply drones, and electrical car take-off and touchdown (eVTOL) aircrafts. Its merchandise are aimed toward offering options to the industrial transportation sector. The firm additionally designs cloud-based, real-time telematics efficiency monitoring methods. Workhorse introduced in May monetary outcomes for Q1 of its 2021 fiscal yr (FY), the three-month interval ended March 31, 2021. Workhorse’s web gross sales soared 518.1%. However, the corporate posted a web lack of $120.5 million, a big change from web revenue of $4.Eight million reported within the year-ago quarter. Because the corporate posted a web loss for the newest quarter we can’t calculate an EPS development charge for the desk above. The firm’s earnings have been adversely impacted by a discount within the truthful worth of its funding in Lordstown Motor Corp. (RIDE).

These are the electrical automotive shares that had the best complete return over the past 12 months.

Electric Car Stocks with the Most Momentum
  Price ($) Market Cap ($B) 12-Month Trailing Total Return (%)
Blink Charging Co. (
BLNK)
39.67 1.7 1,820
GreenPower Motor Co. Inc. (
GP)
17.74 0.4 692.0
NIO Inc. (NIO) 42.74 70.0 539.8
Russell 1000 N/A N/A 35.7

Source: YCharts

  • Blink Charging Co.: Blink Charging owns and operates electrical car charging gear and a community of charging stations. It manages proprietary cloud-based software program to run its charging stations community. The firm serves residential shoppers in addition to constructing house owners, parking garages, municipalities, sporting venues, and different public areas. Blink Charging introduced in May that it had acquired Belgium-based electrical car charging operator Blue Corner NV for roughly $24 million. The acquisition provides Blink management over Blue Corner’s portfolio of seven,071 charging ports and European charging community.
  • GreenPower Motor Co. Inc.: GreenPower Motor is a Canada-based producer of all-electric transit, faculty, and constitution buses. The firm additionally gives industrial automobiles for supply, micro-transit, vanpools, and extra.
  • NIO Inc.: See above for firm description.

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