We’re looking at new trends (and what could be the next big thing!) this year for our subscribers and one that we’ve identified is the increasing prominence of electric vehicles (EV). We intend to keep a watch on EV companies and especially those businesses that are connected to them.
In an article late last year that we commissioned for our subscribers from our long-term writer James Dunn, James looked at 3 stocks that could do well as the move towards electric vehicles (EV) charges along. We asked for this article in response to a conversation that Peter (Switzer) and I had with a close friend in the US, who’s great at picking trends. She’d been following and buying stocks like Blink Charging, which is a US company that provides fast, level 2 EV charging stations and networks for homes and businesses. Its share price has jumped significantly in the last 12 months.
Blink Charging (NYSE: BLNK)
Source: Google
So we asked James to look at 3 Aussie businesses similar to Blink Charging and he came up with the three below, which did go through a significant jump since his article was published, though the market did bring them a tick closer to earth recently.
Still, this is a sector we intend to watch. Here are the graphs for the 3 stocks that James examined.
Looking at stocks that have been on our radar: companies that are connected to Electric Vehicles (EV).
1. Novonix Limited (NVX)
Real business with big end of town customers Tesla, GM, Panasonic, Samsung, Apple etc
Its share price January 19 to January 28 went from $1.79 to $2.68, after peaking at $3.88
Novonix Limited (NVX)
Source: Google
2. Rectifier Technologies Ltd (RFT) January 19 at 3.7 cents and now 4 cents.
Good potential with a good supply relationship with Aussie company Tritium, which now has a US office.
Rectifier Technologies Ltd (RFT)
Source: Google
3. Magnis Energy Technologies (MNS).
Working on very fast charging batteries that can be 85% charged in 6 minutes. January 19 was 16 cents now 34 cents.
Magnis Energy Technologies (MNS)
Source: Google
We intend to keep a close eye on the EV industry. In fact, James will be looking at 3 more stocks in his article on Monday, so watch this space!
Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.
