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7 Electric Vehicle (EV) Stocks That Have Real Juice - 1 of 7

 
 

#1 - Canoo (NASDAQ:GOEV)

Keeping in mind that most of the companies on this list are speculative plays on the EV sector, there is a compelling case for Canoo (NYSE:GOEV). Canoo offers investors real differentiation that could turn out to be extremely significant.

The design of Canoo’s multipurpose delivery vehicle (MPDV) features a “skateboard” platform and will be the first to use a “by wire” design. The idea is that the skateboard chassis will provide a template upon which the company can build a variety of EVs much faster. The “by wire” design is also significant because it allows a complete rethinking of the interior space to allow maximum space now. But the real potential is that it will enable autonomous driving capability in the future.

Canoo will not bring a vehicle to market until 2022. But when they do, they will be promoting a pay as you go model which will make it very akin to a SaaS company. Consumers can lease a vehicle for a specified period of time (at least 30 days). When the lease expires, they can extend it or simply return the vehicle.

About Canoo

Canoo Inc, a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical components. Read More 
Current Price
$0.40
Consensus Rating
Moderate Buy
Ratings Breakdown
5 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$23.04 (5,692.3% Upside)

 

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