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

March 5, 2021 12:45 PM EST
Get Alerts NIO Hot Sheet
Price: $45.68 +6.83%

Rating Summary:
    13 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 7 | New: 31
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

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."

Related Stocks:

Li Auto Inc. (NASDAQ: LI)
NIO Inc. (NYSE: NIO)
QuantumScape (NYSE: QS)
Tesla (NASDAQ: TSLA)
XPeng Inc. (NYSE: XPEV)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Tesla