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7 Stocks to Buy Primed to Profit From a National EV Charging Network

Although many analysts have proclaimed for years that electric vehicles represent the future of transportation, this sentiment carried more narrative appeal…

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This article was originally published by Investor Place

Although many analysts have proclaimed for years that electric vehicles represent the future of transportation, this sentiment carried more narrative appeal than meaningful substance. The problem is, a cleaner, greener methodology for mobility cannot be possible without a robust EV charging network. After all, not everyone is a millionaire with access to their home-based charging solutions. If you’re looking for EV stocks to buy, you need to expand your search to include companies that can solve that problem.

Not everyone has the luxury of a small number of miles in an urban setting. Yes, that’s wonderful if a 100-mile range vehicle is more than enough for you. However, everyone has different schedules and requirements. As well, some folks like to take long trips across city borders. Again, just because you don’t do that doesn’t mean other drivers follow suit, thereby necessitating EV charging networks, if only for inclusivity.

On a related note, if the electric alternative wishes to lose the alternative tag and become the everyday go-to solution, the infrastructure that is available now simply is not adequate. Consider that even for direct current (DC) fast chargers, you’re talking about an average of 30 minutes to fill to 80% capacity. That’s approximately a 500% increase in time over fueling a combustion car, necessitating robust EV charging networks.

Fortunately for fans of next-generation transportation solutions, an EV charging network rollout is a priority under the Biden administration’s proposed $2 trillion infrastructure plan, according to a CNBC report earlier this year. Under the plan, the president promises to have at least half a million EV charging devices installed across the U.S. by 2030. That would certainly go a long way in helping the credibility of the underlying sector.

Recent dramatic news will have ripple effects for personal mobility as a whole. Therefore, it may be time to consider adding stocks to buy that will benefit from the EV charging rollout:

  • Tesla (NASDAQ:TSLA)
  • Toyota (NYSE:TM)
  • Panasonic (OTCMKTS:PCRFY)
  • ChargePoint (NYSE:CHPT)
  • QuantumScape (NYSE:QS)
  • Stem (NYSE:STEM)
  • Volta (NYSE:VLTA)

To be fair, just because the public sentiment for EV charging is strong doesn’t mean that this market is a cakewalk. As The Verge pointed out, the fragmented nature of charging networks is one of the biggest hurdles facing mainstream integration. In addition, the cost to rollout this innovative shift will be massive. Therefore, readers should apply the same vigilance on these stocks as any other sector.

EV Charging Stocks to Buy: Tesla (TSLA)

TSLA stock: Tesla Super Charging station on Stockdale Hwy and the 5 fwy. Tesla Supercharger stations allow Tesla cars to be fast-charged at the network within an hour.Source: Sheila Fitzgerald / Shutterstock.com

I want to be very careful with Tesla. As an equity unit that’s priced 376 times trailing earnings and 141 times forward earnings, I was and am skeptical about TSLA moving higher. At the same time, if we’re talking about the spirit of this article — which stocks can benefit from EV charging network additions — Tesla is a clear winner.

Again, I’m personally hesitant about TSLA because it seems too much positivity is baked into the share price. However, two factors readily come to mind: number one, I’ve been wrong before about TSLA and more importantly, the recent news that Hertz (OTCMKTS:HTZZ) will purchase 100,000 Tesla vehicles for $4.2 billion was a shocker.

Of course, the deal suggests that Hertz is in a much better place following its catastrophic bankruptcy last year, one of the negative iconic moments of 2020. But the bigger implication for the potential rollout of a national EV charging network is that such a massive acquisition of electric cars suggest consumer demand is strong.

To use the commonly misquoted line, if you build it, they will come. Plus, the discount relative to its all-time high might appeal to brave investors.

Toyota (TM)

Toyota motor corporation logo on dealership buildingSource: josefkubes / Shutterstock.com

As a legacy automaker, Toyota does not seem to be a natural beneficiary if the U.S. launches a national EV charging network. Yes, it makes reliable cars at affordable prices, but the company has built its reputation on combustion power. It’s a new paradigm, so TM appears irrelevant.

However, like so many other legacy names, Toyota is getting into the EV arena, recently unveiling its first all-electric car. Ultimately, the inclusion of renowned brands will symbiotically help not only the rollout of national EV charging networks but international ones as well. It’s not just Americans that are longing for cleaner, quieter roadways.

Just as significantly, Toyota is a significant player in solid-state battery research and development, along with innovations in other battery formats. While many EV proponents claim that current technology fits in perfectly with their lifestyle, these folks need to remember one thing: Mainstreaming anything requires adaptability to a range of income stratums.

With improved battery technologies, EV integration will be much more feasible for the modest income spectrum.

EV Charging Stocks to Buy: Panasonic (PCRFY)

A Panasonic (PCRFY) sign hanging in Beijing, China. generation zSource: testing/Shutterstock.com

Once one of the powerhouse brands in personal consumer electronics, Panasonic faded significantly against superior competition. But that doesn’t mean the company has been condemned to permanent irrelevance. On the contrary, Panasonic is now counted among the heavyweights for EV batteries, supplying the powerplants for Tesla.

Further, Panasonic made headlines when it unveiled a prototype battery, designed to help its longtime U.S. partner lower EV production costs. And if you want to know where Tesla needs to aim next, it’s in the income strata that can reasonably afford a $40,000 car in a post-pandemic environment where borrowing costs may be higher and where the government is not handing out stimulus checks.

But it’s not just about Tesla. Any automaker can make an expensive car that appeals to a specific demographic. The reason why Toyota was so successful for decades is because they made cars that almost anybody can afford without sacrificing basic quality and reliability.

For the equivalent to happen with the electric car, battery costs must come down. Should that happen with Panasonic’s new batteries, you can expect PCRFY to be a beneficiary of the EV charging rollout.

ChargePoint (CHPT)

EV stocks: A close-up shot of a ChargePoint (CHPT) charging station.Source: YuniqueB / Shutterstock.com

Starting from the time when shares of ChargePoint soared in late 2020, I’ve been generally cautious about its prospects. While the signs pointed to broader acceptance of electric cars — which in turn bolstered the narrative of EV charging plays like CHPT — it was difficult to ignore the challenges stymieing mainstream integration.

As I’ve previously stated, the current economics of EVs are problematic. The cheapest fully functional EV (that is, a vehicle with four wheels as opposed to a three-wheeled trike) is priced just under $30,000. And with the pandemic imposing all kinds of tension in the automotive retail market, that could be much higher in reality.

Further, the fragmented nature of present EV charging networks has imposed problems on drivers. In fact, 18% of California EV drivers between 2015 and 2019 switched back to combustion-powered cars primarily due to the hassles of charging. Obviously, that’s got to change for EV integration to be the new normal.

Well, if the national EV charging rollout occurs in earnest, ChargePoint may benefit substantially due to wider comfort and acceptance of electric cars.

EV Charging Stocks to Buy: QuantumScape (QS)

A sign for QuantumScape (QS).Source: Michael Vi / Shutterstock.com

Among the key reasons why the EV charging rollout has so far encountered obstacles is the broader practicality of what’s being asked. As you probably know, finding an empty pump at the gas station in a busy part of town can be troublesome enough. And that’s with the average refueling time of a mere five minutes.

Now imagine that the vast majority of drivers own EVs. Physical laws and the materials that we’re currently using don’t allow for electric cars to charge adequately within a five-minute time frame. Therefore, unless we have plentiful charging stations, the electric transition will be problematic. But that’s also why QuantumScape as a speculative wager is so intriguing.

As you probably know, QuantumScape specializes in solid-state batteries. Featuring backing from major investors, QS has always carried massive upside potential. But the idea of converting this fantastical innovation from the laboratory setting into something commercial has long been a roadblock not just to QuantumScape but other organizations.

Still, if you don’t mind speculating, QS could profit handsomely if the federal government gets serious about moving toward broader EV integration.

Stem (STEM)

A concept image of electricity flowing between two disconnected electric cables.Source: ESB Professional / Shutterstock.com

Billed as the world leader in artificial-intelligence-enabled smart energy storage solutions, Stem is among the most intriguing names in the advanced energy market. Through its microgrid platform, for instance, enterprise-level clients can enjoy energy resilience in case of an unexpected power outage. Since such disruptions impose a severe (and unnecessary) economic cost, many have piled into STEM for its relevant services.

But with the company’s commercial EV business, there’s now one more important reason to be bullish. While most of the headlines involving electric mobility focuses on personal vehicles, many companies are now feverishly working to develop electric trucks. However, fleets of such transportation vehicles running across the country will require a significant overhaul in our EV charging network.

Potentially, Stem could bridge the gap between theory and actuality with its energy storage system for smart charging. While the business is obviously in its nascent stage, that could change over time if charging networks for personal vehicles are built out, facilitating greater demand for all things electric.

EV Charging Stocks to Buy: Volta (VLTA)

A photograph of a Volta (VLTA) charging station.Source: Tada Images / Shutterstock.com

If you want to add some speculation in your EV charging-related stocks to buy, you might want to consider Volta. Recently, the equity unit of the charging station provider — which offers a distinct take through its integrated advertising solution — shot up as the underlying company hit a milestone, delivering 100 million electric miles to drivers.

As with other sector developments, the news represents optimism on two fronts. First, it’s a great shot in the arm for Volta, which is competing against other rivals in the charging space. Second, the milestone achievement provides even more evidence that American consumers are embracing the gradual electrification of mobility.

To be fair, not everything about VLTA is encouraging. Because it entered the public market via a merger with a special purpose acquisition company, questions naturally arise about the company’s viability. So far this year, SPACs have underperformed benchmark indices. And VLTA itself has been volatile, printing much red ink.

Still, SPACs are improving overall and it seems VLTA is coming along for the ride. Further, with its own sector fundamentals moving in the right direction, Volta could offer something for the risk-tolerant speculator.

On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management and healthcare.

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Author: Josh Enomoto

Energy & Critical Metals

Trading with Focus – We’re kicking off our corporate plays with a nickel/cobalt IPO

First we gave you live-streaming ASX data, so that you could bridge the gap between you and the pros from … Read More
The post Trading with Focus –…

First we gave you live-streaming ASX data, so that you could bridge the gap between you and the pros from that ’70s style click-to-refresh slideshow, or that delayed crap that you normally use, to try and trade shares with, in the same market as the pros, who all live-stream.

And made it all available on mobile, because you need to go to the toilet sometime.

We gave you high-level technical charts, so you could try and see patterns within patterns like some sort of gypsy-nerd.

We gave you $5 trades, or 0.02%. On HIN. With a high-yielding and secure Macq CMA, because we haven’t had a big pooled trust go bankrupt for a few years running, and you’ll be pissy when it happens again.

We connected Sharesight to help sooth your sometimes volatile relationship with the tax-man.

We gave you access to the NSX, so you could help Australia have its own NASDAQ.

We got you some free research and advice from some of the best in the business – Marcus Today – so you could have a virtual ‘stockbroker in your pocket’ – but one that you could trust, because they aren’t profiting from brokerage on turnover.

All for $45 a month.

But we’re not finished.

We should have all the Chi-X ETFs in play this week, and have it fully blended into the ASX depth early next year (as an option), and if you’re lucky you’ll be able to nominate which market to put your orders in, or even the centrepoint. And multi-screen/multi-chart function should be an early Xmas present.

So we are crushing all the online players, now what about the full-service stockbrokers? What can they possibly offer (that we would need to get for you) to fill out this veritable treasure trove of everything that is ‘serious investing’…?

Of course – access to capital raisings and IPOs!

I was going to pitch ANZ Bank to help them with their capital needs, but after they sold Etrade to CMC for pennies on the pound I thought they might be a bit a bit touchy about it being devalued (by us, probably). And we figured that anyone can access a big bank capital raise; they literally advertise them in newspapers.

So we thought our first one should be ‘boutique’. Hard to get. And we’re from Perth, so it had to be mining. And, let’s face it, it had to be ‘battery metals’.

So, we humbly present, to you, the serious active investors.

Those who presumably know what you’re doing. Who are not getting caught up in the hype and spin of the buy/sell button brigade’s race-to-the-bottom, in price and quality.

The first capital raising via an IPO that our clients can directly participate in and get priority to, through Marketech.

Yes, you better believe it! We are a ‘Joint Lead Manager‘ with Blue Ocean Equities on an Australian Nickel Cobalt play. Rubbin’ shoulders on Day 1 with Sydney corporate royalty!

I’m not here to hype it up, that is certainly not my job. But the fact remains, Nico is the spin-out of the Wingellina nickel cobalt deposit from Metals X (MLX.ASX) and it is amongst the biggest nickel cobalt deposits in Australia.

Here’s an old slide from the Metals X days, comparing Australian undeveloped nickel deposits by volume and grade. Don’t take too much from it as it’s old and doesn’t give you the whole story – just that it’s big.

The prospectus lays out the facts and figures, and you can read more about the project on the internet. If you want some then I certainly wish you the best luck in the world, and if your broker can’t get it for you, well… we might be able to do you a solid. As its our job to provide ‘spread’.

But you’ll need to be quick.

You’ll need to have opened a HIN with us and a Macquarie account and have cash in it and a subscription to Marketech Focus within a couple of weeks, or before we fill our allocation. And we don’t control the pace at which Macquarie opens bank accounts; in this new world, filled with money launderers and terrorism-funders…

You can follow the trail here to a better, more professional share trading experience:

https://www.nicoresources.com.au/

What I am going to do is explain a few things about this stuff.

We get paid a fee for helping them. Which seems cool, except none of us are paid on commission (so as far as I’m concerned it’s more work for the same amount of money). Like everything we do we’re doing this because we want to give you a trading platform like the pros have, and access to capital raises is a part of that. But you don’t pay the fee, the company does, and it covers costs like staffing and settlement and helps us to fund more features for you!

When listing on the ASX, you need to have what is called ‘market spread’. That means you can’t just have 3 shareholders controlling the distribution and price of the stock as that is called a cartel, not a fair market.

A listing company needs to have a few hundred shareholders with more than a couple of grand’s worth each, so that market forces can determine a fair price. And having it in your name, your super fund, the cat – these all get counted as ‘one’. So we have 300 lots of a minimum $2000 as a priority for our subscribers.

New listings and capital raises aren’t free money. You still have to think a bit deeper than ‘nickel’s so hot right now’…

We’ll have more raises coming our clients’ way, but they don’t get automatic access to all of them. ‘Sophisticated Investors’ are generally thought of as being wealthy enough to take a few hits, so only they can access the really fruity ones for the companies that don’t have time to build a full prospectus.

The theory with a full prospectus is that it’s supposed to have all the info that you need to get up to speed, but they are very expensive and time consuming, so if a company needs money right now they just tap the rich dudes that have bulk cash or bulk income.

It still doesn’t mean it’s free money. It might just mean that they can make a decision with less information, and, in the eyes of financial law, can take the loss and shrug it off.

When you apply, you’re entering a very similar contract to the one that you enter when you buy shares. You have to pay up even if nickel falls out of bed, or you’re breaking a contract.

We get an allocation to distribute, but the company raising the dough ultimately decides who gets it.

Lastly, a super fund isn’t automatically a sophisticated investor, but a sophisticated investor can have a super fund.

Anyways, that was the news for this week – big news, we believe, and now I just need to get Elon on the phone and see if he wants a few.

At Marketech our platform is about technology, providing you the tools and technology to trade.  We encourage our high-function trading platform to get you live pricing, live charts, live market depth to ensure you have the tools and trading capability at your fingertips, and on your mobile phone or PC.

You trade your own stock on your individual HIN. It is your cash in your own Macquarie account where you keep the competitive interest you earn.

Our subscribers get access to brokerage starting at $5, and then 0.02 per cent for trades over $25k.  If you want to trade the market, you need immediate access wherever you are and the seamless Marketech mobile app means you are live anywhere anytime. 

Marketech Focus subscribers also get 2-months free access to the ‘Marcus Today’ newsletter to help you with your investing and trading goals. 

Go to www.marketech.com.au to set up a free trial – you will be astounded by the simplicity and tools that this technology gives you.  No spin, just low-cost trading and the tools that give you advantage over hype.

This article was developed in collaboration with Marketech Online Trading Pty Ltd (ACN 654 674 432), an Authorised Representative (1293528) of Sanlam Private Wealth Pty Ltd (AFSL 337927), and a Stockhead advertiser at the time of publishing.

All information and material contained herein is general in nature and does not consider your financial situation, investment needs or objectives.
The information does not constitute personal financial advice, nor a recommendation or opinion that a security or service is appropriate for you.
You should seek independent and professional tax and financial advice before making any decision based on this information.

Any documents linked or referred to in this article were not selected, modified or otherwise controlled by Stockhead. Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in the documents linked or referred to in this article.

The post Trading with Focus – We’re kicking off our corporate plays with a nickel/cobalt IPO appeared first on Stockhead.





Author: Marketech Focus

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Energy & Critical Metals

CanAlaska Stakes Three New Uranium Properties in Athabasca Basin

74,283 Hectares with multiple targets near existing uranium depositsVancouver, British Columbia–(Newsfile Corp. – November 25, 2021) – CanAlaska Uranium…

74,283 Hectares with multiple targets near existing uranium deposits

Vancouver, British Columbia–(Newsfile Corp. – November 25, 2021) – [nxtlink id="268893"]CanAlaska Uranium Ltd.[/nxtlink] (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) is pleased to announce that compilation work by the Company’s staff has identified uranium potential in three areas of the western Athabasca Basin and a total of 74,283 hectares have been staked (Figure 1).

Cannot view this image? Visit: https://www.nxtmine.com/wp-content/uploads/2021/11/1902e1ad604ed2543baf4872cf9b9dc5.jpg

Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2864/105077_b2df486d14fc0863_001full.jpg

The Chymko project (32,603ha) is adjacent to the Virgin River shear zone and a series of potential shear structures have been identified; a uranium showing is adjacent to one of these structures. The Taggart project (28,328ha) is on trend with the Patterson corridor, which host the Triple R and Arrow deposits with combined reported resources of 472M lbs U3O8. The Carswell project (13,352ha) is located in proximity to the Shea Creek and Cluff Lake deposits with total combined resources and production of 135M lbs U3O8. A major conductive structure has been identified on this property.

Work will continue to identify key targets on each project in preparation for future exploration programs.

CanAlaska CEO, Cory Belyk, comments, “The addition of these three large project areas in the vicinity of world-class uranium deposits and districts in the Athabasca Basin is another example of CanAlaska successfully deploying its project generator model. We look forward to working with new joint venture partners to move these projects forward.”

Other News

The Company has very recently completed drilling on its West McArthur Joint Venture Project in the 42 Zone discovery area, a joint venture with [nxtlink id="268558"]Cameco Corporation[/nxtlink]. The Company is awaiting results from 433 assay samples and 793 short-wave infrared (SWIR) samples submitted for analysis. The Company’s other joint venture partner, [nxtlink id="268570"]Denison Mines[/nxtlink], has just completed drilling on the Moon Lake South project.

About CanAlaska Uranium

[nxtlink id="268893"]CanAlaska Uranium Ltd.[/nxtlink] ([nxtlink id="268893"]TSXV: CVV[/nxtlink]) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 300,000 hectares (750,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Dr. Karl Schimann, Ph.D., P.Geo., CanAlaska’s Senior Exploration Consultant.

On behalf of the Board of Directors
“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President
[nxtlink id="268893"]CanAlaska Uranium Ltd.[/nxtlink]

Contacts:

Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email: [email protected]

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105077




[nxtlink id="268558"]cameco corporation[/nxtlink]

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Energy & Critical Metals

Frontier Lithium To Raise $10 Million In Bought Deal Flow Through Financing

The lithium sector continues to see demand from investor dollars, with Frontier Lithium (TSXV: FL) being the latest recipient. The
The post Frontier Lithium…

The lithium sector continues to see demand from investor dollars, with Frontier Lithium (TSXV: FL) being the latest recipient. The company last night announced it would be conducting a flow through financing on a bought deal basis.

Lead by Canaccord Genuity and BMO Capital Markets, the financing will see a total of $10.0 million raised by the company in an offering priced at $1.86 per flow through share. A total of 5.4 million shares are to be sold under the offering, with no warrant included in the financing.

Further, an over-allotment option has been granted which could see the sale of an additional 1.1 million units of the company.

Proceeds from the company are to be used for eligible exploration expenses within Canada at the firms PAK Lithium Project in Ontario.

The offering is currently slated to close December 15, 2021.

Frontier Lithium last traded at $1.52 on the TSX Venture.


Information for this briefing was found via Sedar and Frontier Lithium. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Frontier Lithium To Raise $10 Million In Bought Deal Flow Through Financing appeared first on the deep dive.




Author: Jay Lutz

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