Buy EV Names on Weakness Given $5 Trillion Market Opportunity - Wedbush

March 5, 2021 12:45 PM EST
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Wedbush analyst Dan Ives highlights Volkswagen is accelerating its EV endeavors as the company announced more than 70% of its European sales will be EVs by 2030, up from its previous target of 35%. Further, the analyst said he would be buyers of stocks in the space on weakness.

"We would be strong buyers on weakness across the EV space and view this as a golden buying opportunity to own the secular winners of a $5 trillion dollar industry over the next decade in a "buckle the seat belt moment" for the space."

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