A bullish electric vehicle trend is predicted to dominate the market in the second half of 2021. The EV sector has seen an unprecedented boom in the recent past, and its best days are yet to come. If you are thinking of investing in electric vehicle penny stocks, it’s time to add some of them to your watchlist.
EV stocks outperformed the stock world over the year. Since last year’s March, the S&P 500 is up by around 80%. As per experts and experienced investors, electric vehicles are true stock friends to trust right now.
There are plenty of affordable stocks that may go crazy anytime. It’s just a matter of time. In the recent past, we’ve seen plenty of penny stocks growing to become big market players in a short period of time.
However, not all EV stocks are worth the attention.
Also read this content list of penny stocks.
Top Electric Vehicle Stocks to Observe and Analyze
When it comes to big EV players, one name that pops up immediately is Tesla inc. The stock had a crazy 2020 while It took just a few months to move from $70s to the $800s. It’s correct to say that Tesla is the one that revolutionized the electric vehicle industry.
However, many electric vehicle penny stocks may soon leave their current territory and enter the list of hot EV stocks.
1. Ayro, Inc. (NASDAQ: AYRO)
The US-based electric vehicle company is on the rise these days. In the last 12 months, its stock grew from $2s to $5s. Although it’s on the verge of leaving the penny stock list, it may have both good and bad days. There was a time in 2020 when it touched the $8 figure. It shows that Aryo is a volatile yet worth-watching stock.
2. Ideanomics (NASDAQ: IDEX)
The EV support firm specializes in fintech. Its services include providing financial technologies to electric vehicle companies. Although Ideanomics had a bad 2019, the company started to revive in 2020 when its stock reached $3 in June. Right now, it’s hanging between $2s and $3s.
3. CBAK Energy Technology (NASDAQ: CBAT)
A player from the electric vehicle support sector, CBAK Energy Technology is a Chinese firm that manufactures lithium batteries and various other tools for EVs. A few months ago, it was trading under $1. Now, it has already touched the $4 mark. Experts and experienced traders believe the company is going to have its best days in the near future.
4. ElectraMeccanica (NASDAQ: SOLO)
It’s a Canada-headquartered company that has been trying its hand in different EV lines. ElectraMeccanica (NASDAQ: SOLO) recently traded above $5. Now, it’s experiencing a downtrend. However, it is predicted to get back on track soon.
5. Ault Global Holdings, Inc. (AMEX: DPW)
Ault Global Holdings, Inc. (AMEX: DPW) has been on the watchlist of many traders for the last many months. The company makes power systems for several industries, including military and medical. Its volatility in the stock market makes it an interesting penny to watch in 2021.
Conclusion
EV’s are a promising sector nowadays. This watchlist of electric car stocks to look at in 2021 provides information about the top EV’s that beat high records this year. Moreover, you must take trading seriously and arrange yourself with free time before you start trading any stocks. If you can’t keep a close eye on these stocks’ performance before you make an informed decision, don’t start to trade. Don’t forget that it’s very important to know the risks of stock trading to avoid financial loss before you dive into the world of trading.