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Electricvehicles

Electric Vehicle Company Canoo 421M Market CapCanoo has announced a merger agreement with Hennessy Capital Acquisition Corp. IV (HCAC), a special purpose acquisition company (SPAC), that would result in Canoo becoming a publicly listed company. Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles, reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first. Distinguished by its experienced team – numbering over 300 employees from leading technology and automotive companies. (prnewswire.com) The indicators are looking bullish on every timeframe, the market cap is very low and the company looks promising. If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
HLong
by TopgOptions
12
Next gen EV batteries will be 1/3 Manganese (E. Musk)MN.v is the *only* high grade Manganese project in North America that has a path to commercialization. Elon Musk recently said that the next gen EV batteries will be 1/3 Manganese. With many EV related stocks hitting fresh highs, the market is yet to notice this junior miner with a very unique project in Canada that has no competition in North America. Drilling since the beginning of October with first assays due very soon. Aside from its Manganese property, the company has has development and patented viral and microbial mitigation technology that is seeing interest in the US. Technically, the stock has filled the gap at .28 and presents an attractive entry for scaling in at current levels.
TSXV:MNLong
by wealth_bakery
1
SOLO Looking to Boom? (> 86% Potential Profits)Hello fellow traders, Today we are looking at the daily time frame for Electra Meccanica (SOLO) on the NASDAQ. As we cab see on the chart, prices rallied almost 500% to peak at around $6.00. Since then, as expected, there has been a massive correction back down to the $2.34 level. The chart has printed a bullish falling wedge pattern. We now see that a double bottom has played out and prices have bounced off of several EMAs. We have prices trading above all EMAs, RSI above 50, and the MACD giving a bullish cross and moving up. These are all bullish. We can also see that there is some resistance here around $3.74 (0.382 Fib level), but this is expected at each Fib level, and I believe this is just further consolidation before the jump. It is difficult to give an entry range right now, as we need to see where prices move from here first. As you can see, I have split my entries at $2.71, $3.00, and $3.29 (green lines), but I am looking to increase my position if prices continue moving upward. Potential short-mid-term targets are at $4.58 (+24%) and $6.00 (+62%). A longer-term target at the 1.0 Fib level would be at $6.77 (+86%). If the high is broken, however, prices could move up to the 1.618 Fib level around $8.30 (+125%). Keep your eyes on this one, as it could be a huge opportunity for a long position. Let me know your own thoughts and comments down below. Remember to like the post if you enjoyed and check out my profile for more stock and cryptocurrency trading ideas. Price at writing: $3.62
SLong
by PS_TopDollarInvestments
2
Chargepoint (SBE): Potential Exponential Growth AnalysisChargePoint, an electric vehicle charging network, has struck a deal to merge with a SPAC (Special Purpose Acquisition Company), Switchback Energy Acquisition Corporation (SBE), with a market valuation of $2.4 billion. In this analysis, I'll be going over the company's business model and financials, as well as technical analysis of the very short price action history we have available. What is Chargepoint? - Founded in 2007, ChargePoint has built one of the world’s leading electric vehicle (EV) charging networks - The company delivers a fully integrated EV charging solution, with a comprehensive portfolio of hardware, software and services - It recently received an enterprise value of $2.4b. - Essentially, while companies like Tesla (TSLA) and Nio (NIO) compete for dominance in the EV market share, Chargepoint (SBE) offers the infrastructure necessary for all EVs. Market Outlook - EVs are projected to consist 9.9% of all new vehicles sold in 2025 and 29.2% in 2030 in the U.S. and Europe. - The trend is definitely green, especially with Biden essentially having been elected as president recently. - In the market of Network L2 Charging, Chargepoint takes up 73% of the market share, 7x more than its closest competitor. - I always emphasize the importance of choosing the number 1 stock in the industry or field, and Checkpoint qualifies. Financials - Chargepoint demonstrated good revenue growth until this year - It did $66m in 2017, $92m in 2018, and $147m in 2019. - However, due to the Corona virus pandemic (Covid-19), the expected revenue for this year is at $135m. - Nonetheless, the company has very bold goals as it seeks to reach a $2b revenue target by 2026. - This would indicate a 40% compound growth rate per year over the next 6 years. - While they are still at a net loss, Chargepoint is currently sitting on $648m of cash, so their cumulative net loss of $347m can easily be covered. - By 2026, which is when the $2b revenue target is hit, we could see the company reach net profit - Their gross margins have been deteriorating due to massive expansion and scalability of infrastructure around the world. - However, it's important to understand that these are one time costs, and we could expect Chargepoint's gross margin to grow from 13% in 2019, to 42% by 2026. Technical Analysis - Because Chargepoint was listed through a SPAC recently, it does not have much price action data to be analyzed. - Based on the hourly chart, we can see that prices are ranging in a slow uptrend, forming higher lows and higher highs - It's trading within an ascending parallel channel, in an extremely choppy range - There are currently three key levels of support on the hourly, formed through gaps Summary This company's fundamentals for the long term appears extremely solid. It has high growth potential, dominant market share, and is part of a megatrend industry of EV infrastructures. We would have to see whether the company delivers, according to their IR deck, but the overall outlook remains very bullish. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
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SLong
by Michael_Wang_Official
10