Promising Electric Vehicle Stocks to Consider - March 22nd

According to MarketBeat’s stock screener tool, seven electric vehicle stocks are worth attention today: Tesla, BorgWarner, Rivian Automotive, NIO, Genuine Parts, Baidu, and Vale. Electric vehicle stocks represent shares of companies engaged in the design, production, and sale of electric vehicles, as well as the technologies and infrastructures that support them. Investing in these stocks provides access to a growing market focused on sustainable transportation, including companies that specialize in vehicle manufacturing, battery technology, and charging networks. The stocks mentioned have seen the highest dollar trading volume in recent days.

Tesla (TSLA)

Tesla, Inc. is involved in designing, developing, manufacturing, leasing, and selling electric vehicles and energy generation and storage systems both in the U.S. and globally. The company operates in two segments: Automotive and Energy Generation and Storage. In its Automotive segment, Tesla not only focuses on electric vehicles but also sells automotive regulatory credits, non-warranty after-sales vehicle services, used vehicles, supercharging services, retail merchandise, and vehicle insurance.

On Friday, TSLA experienced a rise of $12.45, reaching a price of $248.71. The trading volume was 132,093,084 shares, compared to its average of 91,206,622. The stock has a market capitalization of $799.98 billion, with a PE ratio of 121.92 and a beta of 2.50. Tesla’s stock has a 12-month low of $138.80 and a 12-month high of $488.54.

BorgWarner (BWA)

BorgWarner Inc. is a leading provider of solutions for combustion engines, hybrid, and electric vehicles worldwide. The company offers a variety of products including turbochargers, eBoosters, eTurbos, timing and emissions systems, battery technology, and charging solutions.

During trading hours on Friday, BWA stock fell by $0.27, reaching a value of $28.68, with a trading volume of 55,738,370 shares compared to its average of 2,645,178. The stock's market cap stands at $6.30 billion, with a P/E ratio of 20.06 and a beta of 1.21.

Rivian Automotive (RIVN)

Rivian Automotive, Inc. focuses on designing, developing, manufacturing, and selling electric vehicles and related accessories. The company’s portfolio includes consumer vehicles such as its R1T five-passenger pickup truck and the R1S three-row SUV.

On Friday, shares of RIVN increased by $0.72 to reach $11.60. The stock’s trading volume hit 36,590,831 shares, which is close to its average volume of 36,964,000. Rivian’s market cap is $13.12 billion, and it currently has a P/E ratio of -2.46.

NIO (NIO)

NIO Inc. is known for designing, manufacturing, and selling electric vehicles in China. The company also develops e-powertrain and battery packs while offering power solutions for battery charging.

NIO’s stock fell by $0.21 during trading on Friday, reaching $4.51 with an exchange of 82,569,065 shares. With a market capitalization of $9.40 billion, NIO holds a P/E ratio of -2.98 and a beta of 1.81.

Genuine Parts (GPC)

Genuine Parts Company specializes in distributing automotive replacement parts and industrial materials. It operates within two segments focused on automotive and industrial parts.

On Friday, GPC traded down by $1.82 to reach $118.93, with a trading volume of 3,064,471 shares. The firm has a market cap of $16.50 billion and holds a P/E ratio of 18.38.

Baidu (BIDU)

Baidu, Inc. is a prominent player in internet search within China, offering various services through its platform, which includes Baidu Core and iQIYI.

During Friday’s trading, BIDU stock rose by $0.27 to $94.54, while over 3,768,211 shares were traded. The market capitalization of Baidu stands at $33.15 billion with a P/E ratio of 10.31.

Vale (VALE)

Vale S.A. is involved in iron ore production and distribution, mainly focusing on steelmaking raw materials.

The NYSE listing for VALE saw a decline of $0.07 on Friday, reaching a value of $10.08 with a trading volume of 35,048,311 shares. Vale has a market cap of $45.73 billion and offers a P/E ratio of 7.00.

Stocks, Electric, Vehicles, Market, Investment