Yearender: Top EV stocks that continue to hog limelight

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Yearender: Top EV stocks that continue to hog limelight

 Yearender: Top EV stocks that continue to hog limelight
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Highlights

  • Tesla, Inc. (NASDAQ: TSLA) revenue increased by 57% YoY in Q3, FY21.

  • General Motors (NYSE: GM) eyes fiscal 2021 revenue of US$8.1 billion to US$9.6 billion.

  • Ford Motor Company (NYSE: F) stock soared over 144% YTD.

The year 2021 has been a boon for electric vehicle manufacturers. While companies like Tesla and NEO saw their deliveries increase, several others, like Rivian, have made a stock market debut, driven by their remarkable performance. The Rivian IPO is one of the biggest this year.

Here we explore top EV stocks that continue to hog attention in the markets.

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Tesla, Inc. (NASDAQ: TSLA)

Tesla is one of the leading electric vehicle manufacturers based in Palo Alto, California. It also has interests in the clean energy sector.

Its shares traded at US$1112.39 at 7:42 am ET on Dec 28, up 1.69% from their previous close. It gained 49.9% YTD. Its market cap is US$1.09 trillion, the P/E ratio is 354.03, and the forward P/E one year is 259.84. Its EPS is US$3.09. The 52-week highest and the lowest stock prices were US$1,243.49 and US$539.49, respectively. Its trading volume was 23,715,270 on Dec 27.

The company's total revenue increased by 57% YoY to US$13.75 billion in Q3, FY21. On a GAAP basis, its net income attributable to common shareholders was US$1.61 billion, or US$1.44 per diluted share, compared to US$331 million, or US$0.27 per diluted share in Q3, FY20.

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 Top EV stocks of 2021

Source: Pixabay

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General Motors Company (NYSE: GM)

General Motors is an automobile manufacturing firm based in Detroit, Michigan. It manufactures vehicles, including EVs, and automobile parts.

The stock traded at US$57.61 at 7:51 am ET on Dec 28, up 0.31% from its previous close. GM stock rose 41.77% YTD. Its market cap is US$83.38 billion, the P/E ratio is 7.68, and the forward P/E one year is 8.69. Its EPS is US$7.48. The stock saw the highest price of US$65.18 and the lowest price of US$40.04 in the last 52 weeks. Its share volume on Dec 27 was 9,085,790.

The company's revenue was US$26.77 billion in Q3, FY21, down 25% from US$35.48 billion a year ago. Its net income attributable to common shareholders came in at US$2.42 billion, against an income of US$4.04 billion in the comparable quarter of the previous year.

The company expects its diluted earnings for full fiscal 2021 to be between US$5.52 and US$6.52 per share. It also expects its net income to be between US$8.1 billion and US$9.6 billion in fiscal 2021.

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XPeng Inc. (NYSE: XPEV)

Xpeng is one of the leading Chinese electric vehicle manufacturers based in Guangzhou. It designs and manufacturers smart electric vehicles or smart EVs.

Its shares traded at US$46.00 at 8:00 am ET on Dec 28, down 0.15% from their previous close. The stock rose 4.47% YTD. Its market cap is US$39.45 billion, the forward P/E one year is -45.17, and the EPS is US$-0.83. The 52-week highest and the lowest stock prices were US$60.04 and US$22.73, respectively. Its trading volume was 5,352,111 on Dec 27.

The company's revenue increased by 187.4% YoY to RMB5.71 billion (US$887.7 million) in Q3, FY21. It reported a net loss of RMB1.59 billion (US$247.5 million), compared to a loss of RMB1.14 billion (US$180 million) in Q3, FY20.

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Fisker Inc. (NYSE: FSR)

Fisker is an electric vehicle maker based in Manhattan Beach, California. The company manufacturers EVs. It is also developing an “asset-light” business model for the sector.

The stock traded at US$17.16 at 8:07 am ET on Dec 28, up 0.76% from its previous close. It soared 12.11% YTD. Its market cap is US$5.05 billion, the forward P/E one year is -15.07, and the EPS is US$-1.21. The stock saw the highest price of US$31.96 and the lowest price of US$9.61 in the last 52 weeks. Its share volume on Dec 27 was 4,962,288.

The company's loss from operations was US$109.56 million in Q3, FY21, compared to a loss of US$9.92 million in Q3, FY20. It reported a net loss of US$109.84 million against a loss of US$39.66 million in the same quarter of the previous year.

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EV stocks: TSLA, GM, XPEV, FSR, F

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Ford Motor Company (NYSE: F)

Headquartered in Dearborn, Michigan, Ford designs and manufactures a full line of trucks, cars, and utility vehicles.

Its shares traded at US$20.89 at 8:28 am ET on Dec 28, up 0.43% from their previous close. The stock jumped 144.13% YTD. Its market cap is US$83.12 billion, the P/E ratio is 29.71, the forward P/E one year of 11.06, and its EPS is US$0.70.

The 52-week highest and the lowest stock prices were US$21.49 and US$8.43, respectively. Its trading volume was 59,651,800 on Dec 27.

The company's revenue fell 5% YoY to US$35.7 billion in Q3, FY21. On a GAAP basis, its net income came in at US$1.8 billion, compared to US$2.4 billion in Q3, FY20.

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Bottomline

The EV sector saw considerable growth in recent years amid a shifting focus on eco-friendly vehicles. Faster innovation of cars and significant investments are fueling growth in the sector. President Biden has set a target of building 500,000 EV charging stations across the US by 2030.

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