Truly, the delivery numbers set Polestar apart from other startup EV companies. Those will be the Polestar 3, an electric SUV the Polestar Precept, a luxury electric sedan and the Polestar 4, a convertible electric coupe. The company also plans to launch three more models by 2024. Polestar has two models in production: the Polestar 1, a plug-in hybrid sports car with a limited run of 1,500 units, and the Polestar 2, a battery-electric sedan that competes with Tesla’s Model 3. Polestar (NASDAQ: PSNY) is the second EV stock that has caught my attention recently. The consensus price target implies a 77.6% upside, thus making ChargePoint a long-term winner in the EV charging space. Even if it retains a 30% market share, it is still positioned to generate substantial returns.Īs investors rotated out of high-growth names amid rising inflation and interest rates last year, CHPT remains a compelling buy as it lingers sideways. ChargePoint is well-positioned to capture a large share of this market if it retains the market share it already has. goal of 48 million EVs on the road by 2030 would require the charging infrastructure to be 20 times larger than the current size. According to a report by McKinsey, the U.S. Among the most solid EV-related stocks to buy, it continues trading at a depressed level despite the upside potential.ĮV charging demand is expected to grow exponentially as more countries adopt policies to phase out fossil-fuel vehicles and incentivize EV adoption. This gives the company a 65%-plus market share with a strong network effect. Even though it’s not directly an EV stock, it will benefit substantially from the increased amount of EVs on the road. ChargePoint (NYSE: CHPT) is one of the leading providers of EV charging solutions, with over 200,000 charging ports worldwide.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |