TipRanks
Keep on Buying These 3 EV Stocks, Says Analyst Following Conference
Investors are always on the lookout for the next big thing, the next industry that will bring the great returns. Predicting what stock sector will blast off is an inexact science, at best; but like politics, stocks run downstream from culture. And right now, culture is all-in for clean energy and electric cars. Observing the electric vehicle (EV) stock sector for Colliers Securities is industry expert Michael Shlisky. Shlisky had an opportunity last week to meet virtually with management from numerous EV companies, in Colliers’ Spring Alternative Transportation Conference, giving him a chance to sharpen his view of the sector. EV stocks have dropped significantly in the past six weeks. However, Shlisky believes this “may be the perfect time for investors to test the waters for stocks that may have fallen too far, too fast…” The analyst added, “In our view, institutional investors who have been circling the sector may finally be able to take a fresh look, with valuations much lower in recent weeks.” Even though Shlisky sees current conditions offering an opening for investors to buy in at attractive valuations, he does note that the EV sector is likely to continue to face challenges in the near term. He recommends a two-year time frame for investors in the sector – and goes on to note several EV stocks that that investors should consider. We’ve opened up the TipRanks database to get the…
