Did You Miss These Electric Vehicle Penny Stocks?
Feeling like you ‘missed out’ on electric vehicle penny stocks? You’re probably not alone. These last few months have been incredible for many names in this emerging niche. It isn’t just Tesla (TSLA Stock Report) anymore, people. Now some are saying they choose Nio Inc. (NIO Stock Report) as the “better bet” on EV. You’ve also got Apple (AAPL Stock Report) coming onto the scene this week.
While this is likely something stoked by the sheer level of momentum fueling the sector, it does raise some interesting points. First, NIO, for example, used to be a penny stock. In fact, we gave frequent and detailed coverage on the company from the time it became one of the stocks under $5 until the time it left the penny stock range for good (or for now).
Are There Any Electric Vehicle Penny Stocks Left?
With new interest beginning to build after Tesla’s Battery Day event, we began following other electric vehicle stocks under $5. Electrameccanica Vehicles Corp (SOLO Stock Report), AYRO Inc (AYRO Stock Report), Kandi Technologies Group Inc (KNDI Stock Report) and many other electric vehicle penny stocks. Then momentum came in once again and removed them from the sub-$5 levels. Now there could be somewhat of a new trend emerging.
In my opinion, the entire EV ecosystem should be something to watch. It’s not just about the car makers. Think about how much raw materials and ancillary products -sensors, screens, technology- there will be needed with so many EV manufacturing companies popping up.
A prime example of this is with Platinum Group Metals (PLG Stock Report) and CBAK Energy (CBAT Stock Report). Both were penny stocks, both were discussed here, and both have since experienced explosive momentum. In their case, however, it was based on the raw materials and components of EV as a whole that brought them attention. With this in mind, here are a few electric vehicle stocks you might’ve missed still trading for pennies.
Electric Vehicle Stocks To Watch
- Westwater Resources Inc. (WWR Stock Report)
- Aqua Metals Inc. (AQMS Stock Report)
- Polar Power Inc. (POLA Stock Report)
- Aurora Mobile Limited (JG Stock Report)
- Aemetis Inc (AMTX Stock Report)
See 10 Electric Vehicle Stocks You Might’ve Missed & They’re Penny Stocks, #10-#6 then see the other half of that list below.
Electric Vehicle Penny Stocks To Watch #1: Westwater Resources Inc. (NASDAQ:WWR)
Westwater Resources Inc. is one of the cogs in the EV wheel if you will. The company doesn’t manufacture the vehicles themselves. However, Westwater does develop energy materials. What does that include? Specifically, this includes natural flake graphite.
In fact, earlier this year, Westwater made it a point to sell of its other operating arm to focus solely on its Coosa Graphite Project. The is in reference to the company’s uranium operations. While uranium is definitely getting its fair share of attention in the “alternative energy” conversation, Westwater’s goal is expanding the graphite projects it currently holds.
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Right now the Westwater pilot plant operations are being conducted to inform and enhance design work for the full-scale production facility. According to the company, the combined effort of its pilot plant operations is expected to produce a total of more than 10 metric tonnes of three trademarked Westwater battery-grade graphite products. What’s more, is that the construction of its facility is planned from mid-2021 through 2022. Westwater expects to commission the commercial plant in the fourth quarter of 2022.
Electric Vehicle Stocks To Watch #2: Aqua Metals Inc. (NASDAQ:AQMS)
Aqua Metals Inc. is another one of the wheel-spokes of electric vehicles. Not only that but if you recall, ESG stocks have also become synonymous with EV and alternative energy. “ESG” stands for “Environmental, Social, and Governance,” which focuses on companies that focus on decreasing the carbon footprint, creating a welcoming company environment, and run operations ethically and efficiently, keeping in mind the communities surrounding operations.
Via the company’s AquaRefining methods, Aqua metals essentially recycles batteries, extracting things like plastics, metallics, and lead. Specifically, it’s the lead that the company focuses most on extracting through its refining processes. Not only does this reduce the negative environmental impact from lead batteries going into a landfill, it also puts raw materials back into the industrial lifecycle without extracting new natural resources.
According to Aqua, this could help meet the growing demand for lead to power new applications including stop/start automobile batteries which complement the vehicle’s main battery, lead-acid batteries which are in electric vehicles. While AQMS isn’t the purest play in EV, it could be one to watch as the ESG and “clean energy” discussions continue.
Electric Vehicle Penny Stocks To Watch #3: Polar Power Inc. (NASDAQ:POLA)
Similar to Aqua Metals, Polar Power Inc. is another one of the ancillary cogs in this EV ecosystem. On the surface, you’ll see that Polar provides backup power generation systems, off-grid applications, and the like. However, if you take a deeper look at the company you’ll see something a bit more interesting. Of course, this one of the alternative energy/ESG penny stocks to watch. It’s also one to take a look at if you’re searching for electric vehicle charging stocks.
If you recall, Blink Charging (BLNK Stock Report) was one of the more popular EV charging stocks to watch when it was trading under $5. Another one of the company’s we reported on previously, BLNK stock has since gone on to rally as high as $39.71. How does this involve Polar Power? In short, it doesn’t and there’s no link between the two from a corporate perspective. However, Polar Power could be another one of the EV charging stocks to watch that is still a penny stock.
The company offers a rapid charging system. “Rapid Chargers are useful on test tracks for electric vehicle developers, intermodal freight yards, dealership car lots, and tow trucks. All these applications involve rapid charging of cars away from the utility grid. Using Polar’s DC Generator as a rapid charger is the best product to accomplish this task,” the company has explained. With the search for EV charging stocks, for instance, POLA could be one to watch considering it does have some direct exposure to this niche.
Electric Vehicle Stocks To Watch #4: Aurora Mobile Limited (NASDAQ:JG)
Aurora Mobile Limited is one. of the more volatile electric vehicle penny stocks to watch right now. I say this because it has only just begun experiencing stronger trading volume but price has skyrocketed. Since the begging of Q4, JG stock has shot up from around $1.50 to highs of $5.43. This week, that same momentum has come back into the market after Aurora’s latest headline.
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The company entered into a partnership agreement with a global leading new energy vehicle manufacturer. The plan is to “help the brand auto manufacturer enhance its operational and service efficiency and deliver an enhanced intelligent driving experience for customers”. The deal sees Aurora using its AI-driven notification services and analytics to help its partner gain insights into customer habits. Smart driving functionality is obviously something that many EV makers seek.
Though the name of this “leading new energy” vehicle company wasn’t revealed, Aurora pointed out some of the products it makes. The automaker manufactures green-energy vehicles, including high-performance sedans, SUVs, and semi-trucks.
Electric Vehicle Penny Stocks To Watch #5: Aemetis Inc (NASDAQ:AMTX)
Aemetis Inc. just became one of the new entrants to the EV arena this week. Tuesday, the company announced that its Aemetis Properties Riverbank, Inc. subsidiary acquired roughly 20% ownership of Nevo Motors, Inc. under a Strategic Electric Vehicle Production Facilities Agreement. It will use current and future Aemetis manufacturing facilities and fueling stations, as well as renewable natural gas and renewable electricity produced by Aemetis. High Capacity Electric Vehicles from Nevo Motors are designed for heavy cargo and long-range.
“Aemetis is excited to become a significant shareholder of Nevo Motors just prior to the launch of the Nevo truck product lines planned in 2021. This strategic agreement utilizes the production buildings, onsite railroad, renewable electricity substation and other facilities at the 140-acre, 710,000 square foot Aemetis Riverbank, California manufacturing facility, as well as other Aemetis infrastructure, renewable energy products, and expertise in renewable fuel credits and markets.”
Eric McAfee, Chairman and CEO of Aemetis
While this deal gets Aemetis’ foot in the EV door, it doesn’t fully change the company’s operations as of now. Aemetis still focuses on renewable natural gas applications. The company also focuses on other renewable fuels and biochemicals. However, following this latest update, will AMTX become more of an EV stock to watch heading into the end of the year?
