Why These Electric Vehicle Penny Stocks Could Pop in 2021
EV penny stocks managed to push up today and have been steadily climbing throughout the past year. The reasons for this are rather straightforward. On one hand, companies like Tesla Inc. (NASDAQ: TSLA) and Nio Inc. (NYSE: NIO), are finally making cars that can compete with gas-powered vehicles.
This means that the adoption of electric vehicles is at an all-time high. On the other hand, we have the major influence of governments around the world, pushing the need for renewable energy.
At the G7 Summit that occurred only a few days ago, global leaders pledged to make big changes about the future of energy consumption. This pertains to both the need for renewable energy sources like nuclear, solar, and wind, but also electric vehicles as a replacement for those powered by fossil fuels.
It’s rare to find an industry that has yet to come near its full potential with penny stocks. However, it seems as though this could be the case with the EV market, as previously mentioned companies like NIO stock, see more attention than ever.
If we consider that in the future, EVs will become the majority of vehicles, we see that there is still quite a long way to go. For this reason, finding penny stocks to buy in the EV industry could be a benefit to either your short or long-term portfolio. With all of this in mind, let’s take a look at some of the top EV penny stocks to watch in 2021.
4 EV Penny Stocks That Belong On Your June Watchlist
- American Battery Metals Corp. (OTC: ABML)
- CBAK Energy Technology Inc. (NASDAQ: CBAT)
- Medigus ADR (NASDAQ: MDGS)
- Aqua Metals Inc. (NASDAQ: AQMS)
American Battery Metals Corp. (OTC: ABML)
American Battery Metals is a technology company that specializes in the battery metals industry. This highly developed field is not only competitive but it is advancing more and more as the year’s progress. As a company, ABML operates through three distinct divisions: lithium-ion battery recycling, extraction technology, and primary resources. Its lithium-ion battery recycling division is groundbreaking in the entire battery industry.
Located in Fernley, Nevada, ABML has the goal of building clean technology that increases the production of primary metals used in battery manufacturing. This company is hitting all of the marks for an innovative and new EV penny stock.
Its focus is on the sustainable manufacturing and production of batteries meant to power electric cars, grid storage, and consumer electronics. Because of this, it should come as no surprise that investors are excited about ABML’s future. With a new recycling division as well, ABML has created the first circular economy for battery metals, making it even more environmentally sustainable. Recently, the company was unanimously approved by the Fernley City Council for a Conditional Use Permit (CUP) to allow for a new lithium-ion battery recycling plant.
“The Fernley City Council’s adoption of the Conditional Use Permit advances our progress towards constructing our trailblazing lithium battery recycling pilot plant. An industry game-changer, the pilot plant will bolster Fernley’s economy, create new jobs and deliver a sustainable solution to enhance and secure a domestic supply of battery metals.”CEO of ABML, Doug Cole
Considering its growing role in the EV industry, will ABML make your penny stocks watchlist?
CBAK Energy Technology Inc. (NASDAQ: CBAT)
The second EV penny stock on this list is CBAK Energy Technology. CBAK is a global leader in the production of lithium batteries. With the increased demand for EV’s, many believe investing in battery technology is a major opportunity. To a certain extent, it almost seems inevitable that one day all cars will run on electric energy. CBAT is constantly working to be a part of the growing EV market, while albeit not producing automobiles.
Since then, CBAT has engaged in the research and development, manufacturing, and sales of lithium batteries. This makes it one of the most diverse battery companies in the world, and a founding member in the industry. Some applications of its products include electric vehicles, electric busses, energy storage, backup power supply, and electric tools. In the past decade, CBAT has grown from a small IPO to a large player in the EV market around the U.S.
Shares of CBAT stock have been teetering around the $5 mark in many recent trading sessions. This means that it is almost out of penny stock territory. In the past month, shares have risen by around 31%, which is quite substantial. The symbolism of a company breaking out of the $5 penny stock cap could be almost as valuable as any other news from a company.
However, we continue to see it sit right at the edge of blue-chip status. Because of its solid footing in the EV industry, many investors believe that CBAT could continue to be a large part of the electric car market moving forward. Considering its substantial gain in the past month, do you think CBAT stock is worth watching?
Medigus ADR (NASDAQ: MDGS)
Medigus ADR is an interesting company that operates in the electric vehicle market through its subsidiaries. However, its overall operations are much broader than this. MDGS specializes in advanced medical solutions as well as innovative internet technology.
As a parent company, MDGS’s subsidiaries engage in the tech industry, which is where the EV market comes into play. One of its lead businesses, ScoutCam is a company that develops visual solutions for some of the most unique conditions. It produces the smallest cameras in the world. These cameras go down to 1mm in diameter and include illumination, high resolution, and survivability in extreme environments.
As of recently, one of MDGS’s wholly-owned subsidiaries, Charging Robotics, announced a distribution agreement with Automax Motors Ltd. This company is another public Israeli business that is traded on the Tel Aviv Stock Exchange. The agreement itself included exclusive distribution rights for wireless robotic charging pads in Israel and Greece for the following five years. This robotic charging pad will be used for electric vehicles after Charging Robotics obtains all the correct factors. These include licenses, permits, and government approvals for the import, marketing, and distribution of the product.
Automax Motors is a leader in the import of automobile brands into Israel. It has eight sales offices, an online sales team, a facility for vehicle preparation and licensing, and much more. This well-integrated company is prepared to take on the EV market by storm, with Charging Robotics as a partner.
When considering EV penny stocks, it is important to consider the market as a whole. This does not only include the manufacturing of batteries and cars but the political and geographical aspects of the industry. Who has the right to import cars from various countries? Where are charging stations allowed to be built? These are all important questions to ask when looking at a company. Considering this big news, will MDGS be on your list of penny stocks to watch?
Aqua Metals Inc. (NASDAQ: AQMS)
The last EV penny stock on this list is Aqua Metals. Aqua Metals works in the reinvention of metal recycling using its patented hydrometallurgical AquaRefining technology. Typical methods such as smelting, take large amounts of time and energy. However, AquaRefining is done at room temperature and is a water-based process.
The additional benefit of this recycling process is that it emits less pollution and is much more cost-effective. Investors appreciate high levels of innovation when it comes to EV and tech stocks. This is one of main the reasons that AQMS is so popular right now.
The way AquaRefining technology works is by cleaning one metal atom at a time. It does so by utilizing modular Aqualyzers in a sustainability loop. This refining technology is patented, which means that it is selling licenses to other recyclers across the globe. This not only makes AQMS a metal recycling facility but an international licensing business as well.
Interestingly enough, the emphasis on clean energy right now is not only on electric vehicles themselves but also on how they are made. Given that the process of producing batteries for EVs is still relatively non-environmentally friendly, the need for new tech is palpable.
It’s also worth considering that Aqua Metals recently announced that it would be joining the Russell Microcap Index. This will take effect as of June 28th, 2021. CEO and President of Aqua Metals, Steve Cotton, states that “Having Aqua Metals included in the Russell Microcap Index recognizes our Company’s growth, and value proposition as we move forward with our capital-light AquaRefining technology licensing and Aqualyzer clean battery recycling equipment supply business model.” With this big news in mind, AQMS could be an interesting watchlist addition.
EV Penny Stocks Continue to Push Up
In times like these, innovative tech companies are more exciting than ever. Large businesses like Tesla (NASDAQ: TSLA) are making big strides towards a sustainable future in the transportation industry, and have encouraged other companies to follow suit.
While there is still a long way to go before electric vehicles reach full adoption, we are well on the way to seeing this become true. For that reason, many investors believe that penny stocks in the EV industry are just now seeing the recognition they deserve. And with years before EV’s are the only vehicles on the road, these penny stocks could be worth keeping an eye on.