Electric Vehicle Stocks Poised for Growth
MarketBeat’s stock screener has highlighted seven electric vehicle (EV) stocks that investors should watch closely. These companies represent a broad spectrum of the burgeoning EV market, encompassing vehicle design and manufacturing, as well as related technologies.
Electric vehicle stocks offer investors exposure to the expanding market of sustainable transportation and energy solutions.
The following companies, based on recent trading volume, represent some of the most active EV stocks:
Tesla (TSLA)
Tesla, Inc. is a leading designer, manufacturer, and seller of electric vehicles, energy generation, and storage systems. The company operates in two primary segments: Automotive and Energy Generation and Storage.
On Friday, TSLA shares increased by $11.38, closing at $293.33. The trading volume for the day was 115,346,932 shares, surpassing the average volume of 79,298,227. The company’s financial health includes a quick ratio of 1.61, a current ratio of 2.02, and a debt-to-equity ratio of 0.08.
- 50-day moving average: $385.35
- 200-day moving average: $315.95
- 52-week low: $138.80
- 52-week high: $488.54
- Market capitalization: $943.49 billion
- Price-to-earnings ratio: 143.79
- P/E/G ratio: 5.86
- Beta: 2.34
Enphase Energy (ENPH)
Enphase Energy focuses on designing, developing, manufacturing, and selling home energy solutions for the solar photovoltaic industry. Their products include microinverters that convert energy at the individual solar module level.
ENPH shares decreased by $3.86 on Friday, reaching $57.33. The trading volume was 18,713,305 shares, exceeding the average volume of 4,252,149.
- Quick ratio: 3.28
- Current ratio: 3.53
- Debt-to-equity ratio: 1.44
- 50-day moving average: $66.23
- 200-day moving average: $84.06
- 52-week low: $56.83
- 52-week high: $141.63
- Market capitalization: $7.59 billion
- Price-to-earnings ratio: 77.47
- Beta: 1.68
Rivian Automotive (RIVN)
Rivian Automotive designs, develops, manufactures, and sells electric vehicles and related accessories, including a pickup truck (R1T) and a sport utility vehicle (R1S).
RIVN shares rose by $0.24 on Friday, trading at $11.84. The trading volume was 30,882,616 shares, below the average volume of 38,493,525.
- Quick ratio: 3.70
- Current ratio: 5.09
- Debt-to-equity ratio: 0.93
- 50-day moving average: $13.32
- 200-day moving average: $12.44
- 52-week low: $8.26
- 52-week high: $18.86
- Market capitalization: $12.08 billion
- Price-to-earnings ratio: -2.51
- Beta: 2.04
Li Auto (LI)
Li Auto operates in China’s electric vehicle market, specializing in the design, development, manufacturing, and sale of premium smart electric vehicles, including MPVs and SUVs.
LI shares decreased by $1.19 on Friday, trading at $30.73. The trading volume was 10,522,010 shares, above the average volume of 5,879,773.
- Quick ratio: 1.64
- Current ratio: 1.76
- Debt-to-equity ratio: 0.13
- 50-day moving average: $24.76
- 200-day moving average: $23.78
- 52-week low: $17.44
- 52-week high: $46.02
- Market capitalization: $32.60 billion
- Price-to-earnings ratio: 22.76
- P/E/G ratio: 3.27
- Beta: 0.92
Vale (VALE)
Vale S.A. produces and sells iron ore and iron ore pellets worldwide, utilized as raw materials in steelmaking. The company operates through Iron Solutions and Energy Transition Materials segments.
VALE shares decreased by $0.21 on Friday, closing at $9.43. The day’s trading volume was 33,530,660 shares, slightly below the average volume of 36,843,434.
- Quick ratio: 0.58
- Current ratio: 0.91
- Debt-to-equity ratio: 0.39
- 50-day moving average: $9.19
- 200-day moving average: $9.97
- 52-week low: $8.38
- 52-week high: $13.68
- Market capitalization: $42.78 billion
- Price-to-earnings ratio: 6.55
- P/E/G ratio: 0.31
- Beta: 0.91
XPeng (XPEV)
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles (EVs) in China, offering a variety of SUVs and sedans.
XPEV traded down $0.76 on Friday, closing at $21.50. The stock’s volume was 14,441,558 shares, compared to an average of 11,591,074.
- Market capitalization: $20.26 billion
- PE ratio: -24.72
- Beta: 2.77
- 50-day moving average: $15.07
- 200-day moving average: $12.37
- Debt-to-equity ratio: 0.22
- Quick ratio: 1.18
- Current ratio: 1.37
- 12-month low: $6.55
- 12-month high: $22.80
Lucid Group (LCID)
Lucid Group designs, engineers, and manufactures electric vehicles, EV powertrains, and battery systems. The also develop proprietary software within their company.
NASDAQ LCID traded down $0.01 during trading on Friday, hitting $2.22. The stock had a trading volume of 135,864,308 shares, compared to its average volume of 87,222,867.
- Market capitalization: $6.69 billion
- PE ratio: -1.66
- Beta: 0.93
- 50-day moving average: $2.96
- 200-day moving average: $2.96
- Debt-to-equity ratio: 0.77
- Quick ratio: 3.26
- Current ratio: 3.71
- 12 month low: $1.93
- 12 month high: $4.43
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors should conduct their own research before making any investment decisions.
