Stock Groups

1 Electric Vehicle Battery Stock to Buy and 1 to Sell, according to Morgan Stanley -Breaking

by Mike Robinson

[ad_1]

© Reuters. Morgan Stanley: One Electric Vehicle Battery Stock To Buy, and one to Sell

The rate of EV adoption is driven by significant consumer demand and tax credits from the government. The prospects for the EV market are bright. However, not all EV stock stocks are ready to reap the benefits. However, Morgan Stanley (NYSE:) recently upgraded the rating of FREYR Battery (FREY), concerns over a lithium shortage and the company’s fundamental weakness led the investment bank to downgrade the rating for QuantumScape (QS). So, let’s discuss.Electric vehicle (EV) adoption has increased in recent months due to growing concerns about the environment and climate change. Bipartisan legislation was recently passed that provides $7.50 million to support mainstream EV adoption. Last week, Congress passed the larger $1.75 Trillion Build Back Better Act. It includes a tax incentive of up to $12,500 for EV-owners.

Given EV’s great prospects, the global EV battery market is expected to grow at a 26% CAGR to reach $175.11 billion by 2028. Morgan Stanley (MS), has updated the FREYR battery (FREY) EV-battery stock.

However, the disruption of battery production could be caused by a lack of lithium supply. By 2027, lithium supplies will be at a severe shortage. QuantumScape Corporation has been downgraded by the Investment Bank (QS) due to its financial weakness.

Continue reading on StockNews

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]