Top 5 EV Stocks to Invest In

2021 is the year of world change, and as the Go Green-shift toward electrically powered vehicles increases, so do the profits. If you’re searching for long-term EV stocks because you want your hard-earned money to grow passively, we’ve compiled a list of the top 5 electric vehicle companies you should consider investing in while they’re still affordable.

If you’re a first-time investor jumping on the penny stocks, keep in mind that the volatility of those stocks will likely lose you money. Penny stocks are risky, fun, and can sometimes make you quick cash, but they require your attention and at the end of the day, you’ll likely earn more when holding long term with Exchange Traded Funds (ETF). ETFs are a collection of stocks on the market that fluctuate together and in return build more money over time while you kick back and do nothing to earn it.

As of early 2021, here is a list of top recommended EV stocks to consider adding to your stock portfolio.

Clean Energy Fuels (CLNE)

With a 9 out of 10 smart score to outperform by TipRanks, CLNE is a long-term growth stock. As a provider of natural gas as an alternative fuel for vehicle fleets in the U.S and Canada, there is nothing but room for growth in this affordable stock. Currently at $13.75 as of March 2021, in a year this stock has risen 505.95% making it a popular common stock for investors seeking a long-term hold. Clean Energy Fuels also creates and operates compressed natural gas and liquefied natural gas vehicle fueling stations.

QuantumScape Corporation (QS)

QS engages in the provision of energy storage solutions while focusing on the development of solid-state lithium-metal batteries for EVs. Founded in 2010, the California-based company saw a drastic spike in 2021 and with a market cap of 20.31 billion and a current share price of $58, it remains an affordable long-term member of the EV stocks sector. TipRanks gave it a neutral 6/10 score as it climbs its way upward after a plunge in late January. In March, the corporation may be facing a class-action lawsuit, so you may wish to keep an eye on this stock for any further decline before sinking in some money at its current price.

Plug Power (PLUG)

Holding a neutral 6 out of 10 score by TipRanks, Plug Power is a hydrogen fuel-cell company that has invested 1.6 billion in South Korea’s SK Group. As of March 1, 2021, the stock is $42.65 per share and climbing with a $65 price target. Analysts like Paul Coster from J.P Morgan are bullish on the stock stating it’ has many “long-term growth opportunities” for investors as the company provides hydrogen fuel solutions for the electric mobility and stationary power markets in North America and Europe. 

Blink Charging Co. (BLNKW)

Currently, with a stock price of $40, Blink Charging has experienced a 1,629% increase over the last year, and as of March 2021, it’s down 25% making it a go-to buy for long-term investors. Blink Charging engages in the operation and provision of electric vehicle charging equipment, and networked charging services. Founded in 2006, and based out of Miami Beach, Florida, the company has grown exponentially as more consumers purchase EVs and home charging stations across the country. 

Tesla (TSLA)

Pricier than most EV stocks, Tesla is changing the way humankind travels. Tesla has had its ups and downs but continues to thrive forward as new technologies form and its headquarters expand to the city of Austin, TX. It’s wise to buy stocks on the dip, and since its price per share as of early March is currently $713.38, it is lower than it was at the beginning of 2021 at $880. Over the last year Tesla has shot up 401% and when investors see politicians investing in EV stocks like Tesla, it’s wise to do the same.

Invest wisely & study

All stock investments are risky and before placing your money into any certain EV stocks, you should thoroughly research news and updates on the stock of your choice. It only makes sense that EV stocks will continue to rise as many countries continue to go green. You may invest and see a decline, but there is no need to worry because in most cases, a company with a high market cap will continue to trend upward. You only lose money if you panic sell a long-term stock and the best strategy is to hold and possibly buy the dip when the stock falls. 

For drivers looking to invest in other ways, learn how you can restore your headlights to boost your vehicle investment and also check out the pros of buying a pre-owned vehicle so you can invest more of your cash into long-term growth stocks.