The top electric vehicle (EV) stocks to watch right now might not be obvious…
The last four months haven’t been great for EVs. Many of 2020’s best performers have been churning down since February’s all-time highs…
I hope the last four months haven’t erased your memory of how hot the EV sector was in 2020. Dating from Tesla’s surprise 5-to-1 split in August, it was one of the hottest sectors EVER.
Former runners are one of the indicators we point to on the SteadyTrade Team for a reason. All of the stocks on this list have run in the past…
And that means they have the potential to run again.
The story we’ve been told is that the market has cooled on EVs. For a while there, everyone was hot on finding the next Tesla. Now, they want to see ‘results.’
But the thing is, that’s not how trading works. EV stocks aren’t hot because they’re the best business.
The sector is hot because it’s cool. That’s why we’re still watching.
Table of Contents
- 1 EV Stocks to Watch: What Are They?
- 2 What Are EV Companies?
- 3 Why Should I Trade Electric Car Stocks?
- 4 7 Hot EV Stocks to Watch Right Now
- 4.1 EV Stocks to Watch #1: Tesla Inc (NASDAQ: TSLA)
- 4.2 EV Stocks to Watch #2: Nikola Corporation (NASDAQ: NKLA)
- 4.3 EV Stocks to Watch #3: Nano Dimension Ltd (NASDAQ: NNDM)
- 4.4 EV Stocks to Watch #4: Workhorse Group Inc (NASDAQ: WKHS)
- 4.5 EV Stocks to Watch #5: Blink Charging Co (NASDAQ: BLNK)
- 4.6 EV Stocks to Watch #6: American Battery Metals Corp (OTCQB: ABML)
- 4.7 EV Stocks to Watch #7: Volkswagen AG (OTCQB: VWAGY)
- 5 Will EV Stocks Go Up?
- 6 What Is the Best Battery Stock to Buy?
- 7 What Companies Will Benefit From Electric Cars?
- 8 How to Trade Electric Car Battery Stocks
- 9 How to Trade Electric Car Charging Station Stocks
- 10 Frequently Asked Questions About EV Stocks
- 11 Bottom Line: EV Stocks to Watch
- 12 One Platform. One System. Every Tool
EV Stocks to Watch: What Are They?
In April, Tesla had a big gap up…
It didn’t spark the sector, but it has in the past.
In this watchlist, I’ll focus on a few interesting plays. But the bottom line on the EV sector isn’t in the logic behind each potential trade.
We want to be prepared for the next time this sector runs.
What Are EV Companies?
Understanding the EV sector is more than figuring out what companies make electric cars … or even what companies make parts for electric cars.
The EV sector includes stocks all over the electric vehicle ecosystem.
Charging station manufacturers and battery makers are fair game. So are companies that mine for the materials that go into EV batteries. And so are companies that make the technologies for self-driving cars.
Just like crypto, everyone’s trying to find an angle into the sector.
Even though in 2021, the sector’s following Tesla down, look at the moves some major car makers have made. Ford, GM, Toyota, and VW all moved heavily in an electrified direction. And their stocks have followed.
Why Should I Trade Electric Car Stocks?
It’s all about the sector. Why is it so important to know which sectors are performing well?
We know that news moves stocks, and what do people write news about? They write about things that people are interested in.
In the end, that’s why we’re watching EVs. As long as people are paying attention, the sector will keep making moves. Let’s get to that watchlist…
7 Hot EV Stocks to Watch Right Now
In this section, I’ll break down some of my top EV watches, and why I’m watching them.
Note carefully that this list is just what I’m watching. I don’t want you to just copy my watchlist … and I definitely don’t want you to trade off my watchlist!
I want you to make the types of connections I make when looking at stocks. That way you can form your own ideas.
I believe that the best way to learn about trading is to see how other people do it, then work to find what suits you. That’s why I put together this watchlist — and that’s also why I send out my top stock watches every Sunday.
This isn’t a disclaimer — it’s really the only way I’ve seen work.
EV Stocks to Watch #1: Tesla Inc (NASDAQ: TSLA)
To me, any EV watchlist has to start with Tesla.
Tesla started the EV sector’s run when it split last August. Its post-split price brought retail traders back in a BIG way.
Lately, it’s cooled off. It’s down about 30% from its all-time high. Still, Cathie Wood says it could eventually hit $3,000.For those of you who don’t know Cathie Wood, she’s had THE hottest hand in trading over the past couple of years.
When Tesla was trading in the $60s back in 2018, Wood issued her first bullish prediction. She said that it would one day hit $4,000 a share.
It didn’t do much for the next two years. Still, she upped the long-term target to $6,000, then $7,000 a share.
You’ve got to remember, this was BEFORE Tesla’s unbelievable 2020 run. Tesla made good on her first projection by the end of 2020.
Has it reached support? I don’t know.
But I do know that it can run at any time and take the whole EV sector with it.
EV Stocks to Watch #2: Nikola Corporation (NASDAQ: NKLA)
File this one under ‘don’t trust it, trade it.’
It wasn’t that long ago that Nikola was exposed as a complete scam. Since its 2018 video of an electric truck ‘in motion,’ it had been one of the hottest EV plays.
In September 2020, it emerged that the video was filmed on a hill!
The company CEO resigned, but the market wasn’t done with it. It’s trended down since its peak last June…
But every time there’s some BS press release about “new hydrogen infrastructure partnerships” the stock runs.
So what if they gave out $567 million in stock awards in 2020, as “incentives for future performance?” If the market’s still buying, I’m still watching.
EV Stocks to Watch #3: Nano Dimension Ltd (NASDAQ: NNDM)
This 3D printing stock had a big 2020. Even though it’s fallen by half since February, it’s still up over 1,000% since it bottomed out in April 2020.
Unlike Nikola, this company actually has a product. But that isn’t where it makes its money. In the past year and change, NNDM has done more than 10 secondary offerings. It pulled in nearly $2 billion in cash while diluting shares to a crazy degree!
But Cathie Wood is heavily invested, and short interest is falling.
3D printing was a hot sector in 2020, and it’s connected with other hot sectors. NNDM sells to companies in the defense, EV, and semiconductor sectors.
EV Stocks to Watch #4: Workhorse Group Inc (NASDAQ: WKHS)
Workhorse is another Cathie Wood favorite.
The last time we broke this stock down on the SteadyTrade Team, Wood’s ARK Invest was waging war against the idiot shorts.
Well, you know what they say about stopped clocks…
WKHS fell from its February highs when a U.S. Postal Service contract went to Oshkosh Corporation (NYSE: OSK). The story didn’t end there — only 10% of the $6 billion contract is dedicated to EVs.
Now 50 U.S. House Democrats have gotten together to demand an extra $8 billion for Postal Service EVs! And you know those discussions will involve WKHS.
As for now? Wood’s ARK Invest keeps buying the dip on WKHS. So I’m keeping an eye on it too.
While we’re talking shorts, let’s spare a minute for Blink.
Blink has stayed near the top of the short interest list for the past few months.
But look at that chart. Has Blink found support?
It’s one of the rare companies in the sector that’s actually producing a real product. And that product is selling — or at least getting state grants to build charging stations.
EV Stocks to Watch #6: American Battery Metals Corp (OTCQB: ABML)
ABML has been trending up lately.
The big news is its uplisting to Nasdaq. The battery company is also releasing $75 million in additional shares.
Before this, the big news was a planned battery recycling plant next to Tesla’s Nevada factory. There was no major announcement. But retail traders still piled in.
The $75 million infusion ties back into the factory announcement. Now it looks like ABML will finally have enough money to build its factory!
I’m not sure that there’s much more to this stock than well-timed news. But news plus being a lower-priced way into the sector makes for a good watch.
EV Stocks to Watch #7: Volkswagen AG (OTCQB: VWAGY)
Here in the U.S., we’ve heard a lot about Ford and GM’s moves into EV. These are real moves. Both stocks have gained something like 250% in the last year.
But check out Volkswagen. It spiked in March on Deutsche Bank projections, and now it’s trending up again.
It’s targeting worldwide EV sales through a wide range of vehicle lines. It’s building charging station networks and factories. It might be Tesla’s biggest European competition.
And it might be at the start of an EV-related run.
Will EV Stocks Go Up?
Stocks go up, right?
Well, not always…
What I try to teach here and with the SteadyTrade Team is more process than picks. Building a watchlist is just the start.
Every day, I go live with our SteadyTrade Team members. We look at the top percent gainers and build our trading plans. We talk about what’s run in the past, and whose chart is looking good.
It’s easy to look at the EV sector’s growth and try to predict its future. But we don’t want to do that.
I want to help you target exponential growth, while still making smart plays.
What Is the Best Battery Stock to Buy?
This isn’t a real question — it’s a riddle. The answer? The best battery stock to buy is the one that’s moving TODAY and fits your strategy. You can’t figure this stuff out in advance. If you try, you’re basically buying lottery tickets.
What Companies Will Benefit From Electric Cars?
At the start of this run, the EV buzz was all Tesla. Then it expanded to parts suppliers and other EV producers. Now, with the big automakers buying in in a major way, the EV sector has gone mainstream.
How to Trade Electric Car Battery Stocks
EV battery stocks have long been good plays. They tend to spike on announcements of new partnerships. Looking for news tends to be the best strategy for these stocks. Lucky for us — StocksToTrade has an alert service just for news catalysts.
StocksToTrade is the trading platform I use. For me, it’s the best platform out there. Curated add-on alerts services like the Breaking News Chat are only one of the ways it helps me trade.
It also has:
- Awesome charting abilities that help me clearly identify the patterns I use to trade
- A wide-ranging news scanner that puts all of the news I want in one place
- Built-in stock screeners that help me identify the day’s best trades
Grab your 14-day trial today — just $7 when you click here. Want to try Breaking News Chat? Get STT + BNC for 14 day and just $17.
How to Trade Electric Car Charging Station Stocks
Charging station plays can be a bit trickier. As always, follow what the market tells you.
Frequently Asked Questions About EV Stocks
I know — we didn’t cover half of it! Here are a few more questions…
What Is the Best Battery Stock to Buy?
If it’s on your top percent gainers scan, it might be a good play…
What Are the Top Electric Car Companies?
We all know Tesla right? After that, the field is wide open.
What Are the Best EV Stocks?
First, I think it’s Tesla. Then it’s whatever has news.
Is Tesla a Good Stock to Buy?
I’m no Cathie Wood, but I’ve said it many times myself. If you want a good play for the long-term, you could do worse than Tesla.
Is Ford a Good Stock to Buy?
Ford’s been making all the right moves in the last year. Lately, it’s really taken off.
Is GM a Good Stock to Buy?
GM’s another legacy company that’s successfully jumped into EV. It leads the market in China.
Is NIO a Good Stock to Buy?
One thing I like about NIO is its battery swapping system. This way you don’t have to wait 30–90 minutes for a charge.
Bottom Line: EV Stocks to Watch
You never get something for nothing. The explosive growth potential of EVs comes with a big share of risk.
That’s why you have to prepare for the opportunities that might come. So build your list of EV stocks to watch now.
You’ve started your journey by doing some research. The SteadyTrade Team will be here when you want to take it to the next level.
Do my EV stocks to watch match yours? Have you traded any of these companies? Let me know in the comments — I love hearing from my readers!