Top EV stocks: TSLA, RIVN and 3 others worth exploring in March

Highlights

• Tesla, Inc. (NASDAQ:TSLA) gave a return of over 35% in the past 12 months.
  
  
• Ford Motor Company's (NYSE:F) stock gained more than 47% in a year.
  
  
• Chinese EV-maker NIO Inc. (NYSE:NIO) delivered 6,131 vehicles in February.

The EV stocks might be worth exploring now, given the uncertainty over the traditional energy supplies and trends to go carbon-neutral in efforts to halt climate change. The global commodities market is currently seeing a major upheaval due to the Russia-Ukraine war, as these countries account for a significant share in global supplies.

This provides an opportunity to revisit the consumer discretionary sector, with the fast-moving segment facing an immediate supply challenge, at least in areas like oil and food. In addition, support for EVs will likely grow as countries set ambitious targets to achieve climate goals.

Here we explore the top five EV stocks worth considering.

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Tesla, Inc. (NASDAQ:TSLA) 

Tesla is one of the leading electric vehicle manufacturers and clean energy companies based in Austin, Texas. The company designs and manufactures EVs, battery energy storage, solar panels, and other clean energy products.

The stock of the company traded at US$835.22 at 11:40 am ET on March 4, down by 0.48% from its previous closing price. The TSLA stock rose 35.06% over the past 12 months.

The market cap of the company is US$857.53 billion, the P/E ratio is 169.33, and the forward one-year P/E ratio is 110.43. Its EPS is US$4.90.

The stock saw the highest price of US$1,243.49 and the lowest price of US$539.49 in the last 52 weeks. Its share volume on March 3 was 20,541,170.

The company's total revenue surged 65% YoY to US$17.71 billion in Q4, FY21, 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 total revenue jumped 71% YoY to US$53.82 billion.

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Source: Pixabay

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Ford Motor Company (NYSE:F)

Ford is one of the leading automobile manufacturing companies based in Dearborn, Michigan. It focuses on designing, developing, and manufacturing vehicles like trucks, utility vehicles, electrified vehicles, etc.

The shares of the company traded at US$16.775 at 11:43 am ET on March 4, down by 4.69% from their closing price of March 3. Its stock value increased by 47.53% over the past 12-months.

The firm has a market cap of US$66.87 billion, a P/E ratio of 3.77, and a forward one-year P/E ratio of 8.71. Its EPS is US$4.43.

The 52-week highest and lowest stock prices were US$25.87 and US$11.14, respectively. Its trading volume was 95,395,520 on March 3.

The company sold 129,273 vehicles in the US in February, of which 8,983 were electric vehicles. In addition to that, the company received over 72,000 new vehicle orders for February, which were up 54,000 YoY.

The company's fourth-quarter fiscal 2021 revenue was US$37.7 billion, and its net income came in at US$12.3 billion. For fiscal 2021, the company's revenue was US$136.3 billion, up 7% YoY.

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Rivian Automotive, Inc. (NASDAQ:RIVN)

Rivian Automotive is an electric vehicle manufacturer based in Irvine, California.

The company has recently increased the prices of its vehicles. Rivian CEO RJ Scaringe apologized for the price increase but said those ordered before Tuesday's price hike would get their vehicles at the original price.

The stock of the company traded at US$47.66 at 12:01 pm ET on March 4, down 6.38% from its previous closing price. The RIVN stock declined 50.44% YTD.

The market cap of the company is US$43.36 billion, and the forward one-year P/E ratio is -9.70. The stock saw the highest price of US$179.47 and the lowest price of US$50.00 in the last 52 weeks. Its share volume on March 3 was 28,535,500.

The company will release its fourth quarter and fiscal 2021 results on March 10, after the market close.

Meanwhile, in the third quarter of fiscal 2021, the company's revenue was US$1 million, and its net loss was US$1.23 billion, or US$12.21 per share.

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NIO Inc. (NYSE:NIO)

Nio is an electric vehicle manufacturing company based in Shanghai, China. The company has recently received approval from the Hong Kong Stock Exchange (HKG) for a secondary listing of its Class A ordinary shares.

The shares of the company traded at US$19.06 at 12:12 pm ET on March 4, down 4.12% from their closing price of March 3. Its stock value decreased by 49.39% over the past 12 months.

The firm has a market cap of US$31.62 billion and a forward one-year P/E ratio of -20.49. Its EPS is US$-0.99.

The 52-week highest and lowest stock prices were US$55.13 and US$18.47, respectively. Its trading volume was 69,419,390 on March 3.

The company will report its fourth-quarter fiscal 2021 on March 24, after the market close.

Meanwhile, in the third quarter, the company's total revenue rose 116.6% YoY to US$1.52 billion, while its net loss came in at US$129.6 million.

The company has delivered 6,131 vehicles in February, up 9.9% YoY.

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XPeng Inc. (NYSE:XPEV)

Xpeng is one of the leading electric vehicle manufacturing firms based in Guangzhou, China. It primarily focuses on designing, developing, and manufacturing smart electric vehicles.

The stock of the company traded at US$30.135 at 12:18 pm ET on March 4, down by 3.60% from its previous closing price. The XPEV stock rose 53.54% over the past 12 months.

The market cap of the company is US$25.53 billion, and the forward one-year P/E ratio is -29.21. Its EPS is US$-0.83.

The stock saw the highest price of US$56.45 and the lowest price of US$22.73 in the last 52 weeks. Its share volume on March 3 was 17,168,060.

The company delivered 6,225 vehicles in February, up 180% YoY.

The company's total revenue was US$887.7 million in Q3, FY21, up 187.4% YoY, while its net loss came in at US$247.5 million.

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Bottom line:

Thanks to its remarkable growth in recent years, the EV sector is drawing more investor interest. They are hoping to capitalize on the growing push for clean energy. Though companies are facing supply hurdles, they believe it is transitionary. The enthusiasm in the market can be seen from Rivian's blockbuster IPO last year that took its valuation to over US$100 billion. However, investors should exercise caution when investing in the stock market.