The two EV plays I find interesting are Fisker and Lucid. Right now I'm going into Fisker.
Fisker has a market cap of $5.5B compared to Lucid's valuation of $47B. Lucid is not growing from here anytime soon. In fact I expect it will contract as it merges with CCIV and before it starts shipping cars.
Fisker has some risk but much more significant upside from it's lowish $5.5B market cap. Yes, they are not shipping yet. They are outsourcing production. But their designs are exciting. And they're outsourcing to Magna and Foxconn who are/will be manufacturing for Mercedes, BMW, Toyota, Jaguar, Geely, Volvo, and Byton. And both Magna and Foxconn are focusing heavily on technology and EV's.
Two quotes that stand out from this article- "Buying the stock now offers low downside risk and VERY high upside reward."
"On March 16th 2021 Seeking Alpha published a very bullish research report that suggests Fisker could see $400 a share within 3 to 4 years."
In my opinion Fisker has a lot of room to grow. If you're comfortable with some risk and don't mind parking your money here for a while, there is significant upside. And as news is released- partnerships, DA's, model details, new models, etc.- this thing can easily increase 30% to 50% as news is released.
Submitted March 22, 2021 at 10:20PM by well_shi https://ift.tt/2QkMb2X
