Electric vehicles are HOT right now … and I have 11 electric car stocks to watch in 2021!
The stock market action just rages on, repeatedly beating record highs — sometimes on consecutive days.
I’m seeing so many sectors with incredible moves, but EVs have to be at the top. I mean … even in this global pandemic, there’s been tons of momentum in the whole sector. In fact, one of my favorite stocks across all industries has been EV maker, Tesla Inc. (NASDAQ: TSLA).
With President-elect Joe Biden taking office in January, and the shift to green energy picking up steam, this sector could be on the move for a while.
Today I’m gonna make it easy for you. I’ll show you the top electric car stocks I’m watching so you can build your own watchlist.
Table of Contents
- 1 11 Electric Car Stocks to Watch
- 2 Chinese Electric Car Stocks
- 3 2 Battery Manufacturer Stocks
- 4 Get the List of Penny Stocks I’m Watching Delivered to Your Inbox
- 5 Conclusion
- 6 One Platform. One System. Every Tool
11 Electric Car Stocks to Watch
#1 Tesla Inc. (NASDAQ: TSLA)
Like I said, TSLA is one of my favorite stocks across all industries, so it makes sense to start off the list with it.
Not only is the company owned by my favorite billionaire (who I also think is the smartest guy alive) — but the stock is definitely the market leader. It’s causing the other electric car stocks to move.
The company has so much going for it, and the stock was recently added to the S&P 500. TSLA also had a big stock split. Now the price is heading up toward its pre-split price!
Listen, if you forced me to only pick one stock to invest in, guess what it would be … Yep, TSLA.
With more people buying electric cars, there will be a growing need for places to recharge them. So of course it’s smart to look at electric car charging station stocks.
Blink Charging Co. makes creative premium EV charging stations, and its stock has been on fire. Three months ago it was a penny stock … Since then it’s exploded to almost $35.
#3 Fisker Inc. (NYSE: FSR)
Fisker is an EV startup that makes an affordable electric SUV called the Ocean.
The Ocean is still a prototype but it’s set for production in late 2022. Plus, the company is well funded with over $1 billion in cash.
FSR has a nice balance of potential and affordability for traders who want to get in on the EV craze but have smaller accounts. As of this writing, the stock is currently in the $15s, which is a big difference from TSLA’s $600+ stock price.
#4 Arcimoto Inc. (NASDAQ: FUV)
Arcimoto makes three-wheeled EVs, each made for a specific purpose. Its FUV model — which stands for Fun Utility Vehicle — is for recreational use. Its Rapid Responder is for emergency, security, and law enforcement services. And its Deliverator is for delivery services.
FUV had huge moves in November, running from the $5s to over $20.
#5 Workhorse Group Inc. (NASDAQ: WKHS)
If we’re taking electric car stocks, we gotta talk WKHS. This company makes electric delivery trucks and has been around for a while.
The stock has been on several of my lists over the past year … partly because it’s been affiliated with a lot of news.
Back in May, President Trump mentioned WKHS in a tweet that caused it to explode more than 200%.
One of the most important news stories for the company has been its highly anticipated contract for $6.3 billion with the U.S. Postal Service (USPS). The contract was expected to be signed before the end of the year … But USPS has decided to delay a decision on the order until the first quarter of 2021.
As you might’ve expected, the bad news caused WKHS to tumble under the $20 mark … but it’s since recovered.
#6 General Motors Co. (NYSE: GM)
General Motors is such an old company that you may not think of them when it comes to EVs or electric car stocks.
The company is serious about becoming a leader in the sector, though … It’s even teaming up with the Nikola Corporation (NASDAQ: NKLA) to help build the Badger truck.
GM will spend $20 billion by 2025 and launch a range of different EVs that are powered by low-cost batteries.
Oh … and GM unveiled the 2022 GMC Hummer EV, which is being billed as the world’s first all-electric “super truck.” Yowza!
Chinese Electric Car Stocks
#7 Nio Inc. (NYSE: NIO)
Nio makes premium smart electric vehicles for the Chinese market, and it’s a favorite for a lot of traders in 2020.
I mean … just six months ago, this was a penny stock! Last year it dropped as low as $1.19 and was left for dead. Now the hot electric vehicle market has caused it to skyrocket past $50. Talk about volatility!
With solid earnings reports the past couple of quarters, NIO is one to watch.
Want to learn more about volatility? Check out “The Volatility Survival Guide” I created with my friend Tim Sykes for this crazy market.
#8 Li Auto Inc. (NASDAQ: LI)
LI was on fire last month, jumping 78% to almost $50 a share.
The Chinese EV manufacturer has a strong demand for its Li ONE model, and its last earnings report was very encouraging.
The stock pulled back in December but has the potential to heat up again.
#9 Xpeng Inc. (NYSE: XPEV)
Xpeng is a Chinese EV manufacturer aimed at attracting the mid and lower tier premium markets.
Its focus on technology and software is attracting attention. It’s positioning itself for future revenue through subscription services that will enable autonomous driving and upgraded infotainment services.
Recently, Deutsche Bank gave the stock a ‘Buy’ rating and named the company one of the “Fab Four” EV companies that are destined to conquer the Chinese auto market.
XPEV is pulling back after running up to almost $75.
#10 Kandi Technologies (NASDAQ: KNDI)
Kandi differentiates itself from other Chinese electric car stocks by targeting the low-priced market. Instead of high-end luxury models like Nio and Tesla, Kandi provides vehicles that are much more accessible.
The company has plans to bring more of its low-cost approach to the U.S by providing an EV model for less than $10,000.
#11 ElectraMeccanica (NASDAQ: SOLO)
If you’re looking for an EV penny stock, SOLO could be your jam. As of this writing, SOLO is in the $6s.
ElectraMeccanica makes a small EV model with three wheels and only seats one person.
SOLO has stair-stepped up since June and has gone as high as almost $14.
2 Battery Manufacturer Stocks
Albemarle Corp. (NYSE: ALB)
The huge demand for electric vehicle batteries is increasing the demand for lithium, the key element in lithium-ion batteries.
The Albemarle Corporation is the world’s largest lithium producer. Its stock had a killer November, spiking up more than 35%. That’s a huge move for a high-priced stock!
As more automakers manufacture EVs, we’ll see the demand for lithium explode even more. ALB could definitely be one of the companies to benefit from that environment.
Sociedad Quimica y Minera de Chile (NYSE: SQM)
SQM is a Chilean chemical company and another large lithium producer that will benefit from the increased need for EV batteries.
It’s done nothing but go up since March, starting just under $15 and grinding past $48.
Get the List of Penny Stocks I’m Watching Delivered to Your Inbox
This list of electric car stocks to watch is just a taste of what I offer every week. So if you like hot stock lists, need help finding trading ideas, or do want to see what I’m researching…
You’re in luck! Our scanning system flags the top five hottest stocks to watch every week — and you can get access to the list absolutely free of charge.
Sign up and every Sunday, you’ll get stock tickers I’m watching, along with a detailed analysis of why they might move, sent to your email inbox. We’ll even provide “lookbacks” that list what we got right (and wrong) so that you can hone your trading skills. Sign up for my no-cost weekly watchlist here!
Well, there’s my list of 11 electric car stocks to watch in 2021!
I’ve done a lot of the hard work for you and picked what I think will be the biggest movers in this unbelievably hot sector.
There’s so much promise for this sector, and there’s no telling how long it could keep going.
Remember, stocks on watchlists are just ideas. You still have to do your due diligence and wait for your setups to form. Make sure you create a trading plan before entering any trade. If you don’t have time to make a plan … don’t trade the stock!
Also, make sure to track your trades. Even losses could be great lessons if you do things strategically.
Looking for a great trading platform that can help you find stocks to trade every day — and do so much more?
Try StocksToTrade. Our platform is designed by traders for traders, and it comes loaded with a TON of tools and resources. Traders of all levels love our charts, built-in scans, watchlist capabilities, and so much more. You can even try it out for 14 days for only $7 here.
What are your favorite electric car stocks that didn’t make my list? Let me know … Leave a comment below!