Stem (STPK)Ī concept photo of different energy storage systems. If we receive more confirmation of those plans in 2021, rapid-fire growth will be on the way. The company recently started advertising for job openings in Oslo, Norway. Talk of expansion has grown cold since then, but bulls are still confident. Over the summer, he identified Europe as the next target market. CEO William Li has previously mentioned plans to expand outside of China. Now, Nio just needs one catalyst to bring that $150 price target into the spotlight. Investors should see the new ET7 as a milestone for Nio with battery, AV and vehicle design advancements. Not only is this sedan a great way to target another niche of the passenger market, it also comes with brand-new autonomous vehicle tech. It unveiled its first all-electric sedan, giving it further leverage in its battle against Tesla (NASDAQ: TSLA). In fact, Nio kicked off the year with bold plans. That’s because the company continues to deliver on its promises and chart a growth-filled course. However, InvestorPlace analyst Luke Lango sees much more upside ahead for NIO stock, even to $150. JPMorgan analyst Nick Lai just raised his price target to $75, while Credit Suisse analyst Bin Wang raised his to $71. So where does the company go next? As one of the top stocks to buy for 2021, many analysts are starting to raise their price targets. The company has blown past concerns it would run out of cash, emerging as an innovative and fast-growing EV leader. Shares started 2020 below $5 and now trade for nearly $60. There is no denying that Chinese electric vehicle maker Nio has already come far. Image of Nio (NIO) logo branded on the exterior of a corporate building. Also, be sure to monitor the general market for the company you’re interested in, as well as their competitors, and their traction within the space.” “For general investors, my advice is to also look at industry comps and make sure to pay attention to how the company will sustain growth rather than just how rapidly a company is growing. How do you sort through the noise and find the real winners? As you do your own research, White recommends mapping out the big picture for each company. Seemingly every day a new initial public offering (IPO) or special purpose acquisition company (SPAC) stock advertises itself as a huge growth opportunity in a hot field. InvestorPlace - Stock Market News, Stock Advice & Trading TipsĬonsidering these trends, however, investors do face one big challenge. … he new Biden administration will be pushing for infrastructure legislation, and many of the funds would be allocated to further alternative energy production and other pro-environmental policies that will help those related businesses.” Also, be sure to look at ‘green companies’ as growth continues in this sector in both the U.S. “My advice would be to continue to follow the recent growth sectors, but side-step the ones that have been growing solely because of the pandemic, as it won’t last forever. He told InvestorPlace that as a new normal solidifies, new opportunities will emerge in the stock market. These themes accelerated in 2020 and will propel winning stocks higher this year.Īcknowledging all of the change the novel coronavirus pandemic drove in recent months, Seismic Capital Company President Eric White is looking at these emerging themes to pick stocks. Think the next generation of electric vehicles (EVs). The top stocks to buy in 2021 will reflect that and will represent huge growth opportunities for investors.
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