While Flying cars remain a Fantasy, Electric vehicles are Ruling Reality!
At the G7 Summit 2021, the environment and energy crisis was discussed at large. This includes aiming to achieve net-zero greenhouse gas emissions by 2050 latest and promoting greenways to replace fossil fuel combustions. Electrically-powered appliances are the way to go, and this led to a colossal uptrend in the graphs of Electric Vehicle Penny Stocks.
Tesla Inc. (NASDAQ: TSLA) rode a wild ride in 2020. Starting off from about $85 to skyrocketing towards a little above $700 by year-end, the growth of about 740% sparked an uprising trend in Electric Vehicle stocks.
Remember, a Trend is your Friend! The movement of Tesla’s stock pretty much directs the motion of other Electric Vehicle (EV) stocks as well.
There are plenty of Electric Vehicle Penny Stocks in the market, but not all of them have the potential to break through. Understanding movements, reading the markets, observing the graphs, and making successful trades all together is a nerve-wracking scenario. Hence, we’ve come up with a list of top 5 EV Penny Stocks you must consider buying in 2021:
Disclaimer: Penny stocks are highly volatile in nature. Only invest after your own due diligence, and make sure to limit yourself to your tolerance of loss.
Also Read: 9 Beginner Tips From Chuck Hughes to Effectively Trade Stocks in the Market
1. CBAK Energy Technology, Inc. (NASDAQ: CBAT)
CBAK Energy is a leading global enterprise concerned with the research & development, manufacture, and sales of high-power lithium batteries. The application of this product covers electric vehicles, energy storage, backup power supply, electric tools, etc. It is the first lithium-ion battery production enterprise in China listed in America.
With electric vehicles bringing about a revolution, investing in and trading with battery-making and manufacturing enterprises is a smart and sought-after decision. The stock value was lingering around $1 in August and September of last year and is currently touching $4 with massive swings on its way.
2. Medigus ADR (NASDAQ: MDGS)
Medigus Ltd, is a tech-based company focussed on advanced medical solutions and innovative internet technologies.
One of its leading businesses, ScoutCam is into developing and manufacturing customized visual solutions in the form of highly resistant micro-cameras and supplementary technologies. Though this business covers a wide array of organizations and industries, sympathy play in EV Penny Stocks benefits it well.
3. Aqua Metals Inc. (NASDAQ: AQMS)
96% of all metal batteries are lead-based. Lead is also an integral part of every vehicle, whether hybrid or electric.
Aqua Metals has reinvented metal recycling using its patented and commercially proven lead refining technology, AquaRefining. It is clean, extremely efficient, cost-effective and reduces emissions into the air, and helps in curbing pollution.
AquaRefining utilizes a room temperature, water-based process combined with non-toxic electrolytes to produce 99.997% pure lead. This is equal to or better than newly mined lead, but with no need for secondary processing; effectively meeting the increasing demand through an environmentally and economically sustainable operation. This makes it a very popular and driven EV Penny Stock as investors highly appreciate the levels and layers of innovation behind it.
4. Ault Global Holdings, Inc. (AMEX: DPW)
Ault Global Holdings, Inc. is a diversified holding company that pursues growth by acquiring underrated businesses and unruly technologies, but with a global impact. It helps raise and deploy permanent capital and provides mission-critical products for the defense sector, industry, and several other industries. These sectors have also seen a boom in 2020 and deserve a spot on your list.
5. ElectraMeccanica (NASDAQ: SOLO)
ElectreMeccanica is a Canadian company that has invested in a number of EV lines. The funky and groovy one-seater three-wheeler vehicle developed by it has caught a lot of eyeballs and has made driving as exhilarating as ever. The bold designs combined with null emissions have made it striking, distinctive, and noteworthy!
Over to you…
EV Penny Stocks can be quite puzzling, but when paired with positive understanding and proficiency, your proximity with profits and paybacks increases!
If you’re new to trading penny stocks, it’s a must to learn their potential but also their risk. Before you start, it’s recommended to build a list of stocks to watch. Penny stocks can attract a lot of volume, but remember – do not trade them if you can’t afford losing money.
Also Read: Want to Be a Good Investor? Here Are 5 Best Stock Scanners for You!
