From RIVN to TSLA: top 7 to watch as EV stocks brave global selloff

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 From RIVN to TSLA: top 7 to watch as EV stocks brave global selloff
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Highlights

  • Tesla, Inc. (NASDAQ: TSLA) revenue surged 65% YoY in Q4, FY21.

  • Rivian Automotive, Inc. (NASDAQ: RIVN) will release its fourth quarter and fiscal 2021 earnings results on March 10.

  • Fisker Inc. (NYSE: FSR) will report its fourth quarter and fiscal 2021 financial results on February 16

The EV stocks are braving the industry challenges and refusing to fall in the face of a global selloff. So, what is helping them hold steady while the mega-cap stocks faltered. Most growth stocks might be going through a correction after their crazy-high valuations over the past year.

Typically, they perform well in low-inflation scenarios. But it is the opposite now, with inflation climbing to a four-decade high. Investors are looking for alternatives to limit their risk exposure and perhaps looking to ride on some of the sunrise sectors promising long-term growth.

The electric vehicle segment is seen as one of the future industries, although it has already made a significant mark. The Biden administration plans to spend about US$5 billion over the five years to build thousands of EV charging stations across the country. While the supply constraints remain, the EV demand has caught everyone’s attention in the market.

Here we explore the top EV stocks that may benefit from the favorable market conditions.

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Tesla, Inc. (NASDAQ: TSLA) 

Closing price on February 14, 2022: US$875.76

Market Cap: US$948.20 billion

One year return: 9.99%

Tesla is one of the leading electric vehicle companies based in Austin, Texas. It also focuses on EV batteries, solar panels, services, etc.

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The company's revenue rose 65% YoY to US$17.71 billion in the fourth quarter of fiscal 2021, while its GAAP net income came in at US$2.32 billion or US$2.05 per diluted share. For fiscal 2021, the company's revenue jumped 71% YoY to US$53.82 billion.

The TSLA stock was up over 4% in intraday trading on Tuesday. Its P/E ratio is 187.24, the forward P/E for one year is 123.00, and the EPS is US$4.90.

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Top electric vehicle stocks to explore in February

Source: Pixabay

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Rivian Automotive, Inc. (NASDAQ: RIVN)

Closing price on February 14, 2022: US$62.65

Market Cap: US$59.49 billion

One year return: -49.06%

Rivian is an electric vehicle manufacturing and automotive technology company based in Irvine, California. It went public in November 2021 in one of the biggest IPOs last year.

The company will release its fourth-quarter and fiscal 2021 earnings results on March 10.

Meanwhile, in the third quarter of fiscal 2021, the company reported revenue of US$1 million, while its net loss came in at US$1.23 billion, or US$12.21 per share.

The RIVN stock climbed over 5% on Tuesday afternoon. Its forward P/E for one year is -11.93, and the 52-week highest and lowest stock prices are US$179.47 and US$50.00, respectively.

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 Top EV Stocks To Keep On Your Watchlist

Lucid Group, Inc. (NASDAQ: LCID)

Closing price on February 14, 2022: US$27.44

Market Cap: US$46.85 billion

One year return: -47.93%

Lucid Group is an EV firm based in Newark, California. It manufactures brands like Lucid Air.

The company will report its fourth-quarter and fiscal 2021 results on February 28.

Meanwhile, in the third quarter of fiscal 2021, the company's revenue was US$232,000, while its net and comprehensive loss came in at US$524.40 million, or US$0.43 per diluted share.

The LCID stock gained more than 4% in intraday trading on Tuesday. Its forward P/E for one year is -13.72, and the 52-week highest and lowest stock prices are US$64.86 and US$16.12, respectively.

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Volta, Inc. (NYSE: VLTA)

Closing price on February 14, 2022: US$5.17

Market Cap: US$863.68 million

One year return: -67.73%

Volta is an EV infrastructure firm that builds and operates charging stations compatible with major plug-in hybrid and battery vehicles nationwide. It is based in San Francisco, California.

The company's revenue rose 77% YoY to US$8.5 million in Q3, FY21, while its net loss came in at US$43.04 million, or US$0.58 per share.

The VLTA stock jumped over 4% in intraday trading on Tuesday. Its forward P/E for one year is -3.77, and the 52-week highest and lowest stock prices are US$16.61 and US$4.04, respectively.

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Ford Motor Company (NYSE: F)

Closing price on February 14, 2022: US$17.46

Market Cap: US$71.55 billion

One year return: 51.3%

Ford Motor is one of the leading electric vehicle companies based in Dearborn, Michigan. It manufactures a range of electric-powered trucks, utility vehicles, etc.

On a GAAP basis, the company's revenue rose 5% YoY to US$37.7 billion in Q4, FY21, while its net income came in at US$12.3 billion, or US$3.03 per diluted share. For fiscal 2021, the company's revenue jumped 7% YoY to US$136.3 billion.

The Ford (F) shares rose more than 3% on February 15. Its P/E ratio is 4.03, the forward P/E for one year is 8.60, the dividend yield is 2.28%, and the annualized dividend is US$0.40.

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XPeng Inc. (NYSE: XPEV)

Closing price on February 14, 2022: US$37.01

Market Cap: US$33.70 billion

One year return: -17.77%

Xpeng is one of the leading Chinese electric vehicle manufacturers. It is based in Guangzhou, China.

The company's revenue rose 187.4% YoY to RMB5.71 billion (US$902.25 million) in Q3, FY21, while its net loss came in at RMB1.59 billion (US$251.56 million).

In January 2022, the company delivered 12,922 vehicles, an increase of 115% YoY. The XPEV stock rose over 7% in intraday trading on Tuesday. Its forward P/E for one year is -35.25, and the EPS is US$-0.83.

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Top EV stocks to watch amid the market downturn

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Fisker Inc. (NYSE: FSR)

Closing price on February 14, 2022: US$11.65

Market Cap: US$3.62 billion

One year return: -40.13%

Fisker Inc. is an electric vehicle firm based in Manhattan Beach, California. It focuses on automotive technologies and electric vehicles.

The company will report its fourth-quarter and fiscal 2021 financial results on February 16.

The firm reported revenue of US$15,000 in Q3, FY21, while its net loss came in at US$109.84 million, or US$0.37 per share. The FSR stock advanced more than 7% on Tuesday. Its forward P/E for one year is -10.31, and the EPS is US$-1.21.

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Bottomline

The Nasdaq Composite Index fell 12.9% so far in 2022, staying in the correction territory.

The dividend and long-term value stocks are seeing traction amid the market downturn.

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