Which Electric Vehicle Stock Is a Better Buy? By StockNews
You should look at stocks like Blue Bird (NASDAQ) or Lion Electric Company (LEV), which are companies that produce commercial electric vehicles. We analyze both companies’ recent performance and compare their valuations to determine which stock is better. This industry is a promising investment for investors looking long term. There are many companies that are focusing on the B2C EV market, but the major players in the commercial sector are still relatively unknown.
Quince Market Insights predicts that $62.4 million will be spent on commercial EVs by 2021, according to their report. There is a growing market for addressable goods. We take a look at Blue Bird and Lion Electric to find out which company should be in your growth portfolio.
Blue Bird, which is worth $564 million more than Lion Electric Company’s market capital of $2.4billion, trades at an average market cap value of $564m.
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