3 Deeply Undervalued EV Stocks to Buy Before They Drive Higher

InvestorPlace07-24

These undervalued EV stocks represent companies with good fundamentals and a healthy long term growth outlook. Tesla (TSLA): The potential launch of low-cost cars is a catalyst for growth. Li Auto (LI...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2453898060?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-24 04:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2453898060","market":"us","top_or_hot":-1,"title":"3 Deeply Undervalued EV Stocks to Buy Before They Drive Higher","media":"InvestorPlace","content":"<div>\n<p>These undervalued EV stocks represent companies with good fundamentals and a healthy long term growth outlook.\nTesla (TSLA): The potential launch of low-cost cars is a catalyst for growth.\nLi Auto (LI...</p>\n\n<a href=\"https://investorplace.com/2024/07/3-deeply-undervalued-ev-stocks-to-buy-before-they-drive-higher/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Deeply Undervalued EV Stocks to Buy Before They Drive Higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Deeply Undervalued EV Stocks to Buy Before They Drive Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-24 04:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/07/3-deeply-undervalued-ev-stocks-to-buy-before-they-drive-higher/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These undervalued EV stocks represent companies with good fundamentals and a healthy long term growth outlook.\nTesla (TSLA): The potential launch of low-cost cars is a catalyst for growth.\nLi Auto (LI...</p>\n\n<a href=\"https://investorplace.com/2024/07/3-deeply-undervalued-ev-stocks-to-buy-before-they-drive-higher/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LI","symbol_name":"理想汽车","start_time":0,"source_url":"https://investorplace.com/2024/07/3-deeply-undervalued-ev-stocks-to-buy-before-they-drive-higher/","article_id":"2453898060","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453898060","pubTimestamp":1721766310,"columns":[],"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"These three undervalued EV stocks to buy represent companies with good fundamentals and a technological edge.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LI":"理想汽车","BK4534":"瑞士信贷持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4588":"碎股","BK4563":"昨日强势股","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","PCRFF":"Panasonic Holdings Corporation","BK4548":"巴美列捷福持仓","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4574":"无人驾驶","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","PCRFY":"松下","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4511":"特斯拉概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4581":"高盛持仓","TSLA":"特斯拉","BK4078":"消费电子产品","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4503":"景林资产持仓","SG9999015978.USD":"利安颠覆性创新基金A","BK4526":"热门中概股","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1548497426.USD":"安联环球人工智能AT Acc","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0823411888.USD":"法巴消费创新基金 Cap","BK4527":"明星科技股","BK4592":"伊斯兰概念","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车"},"translate_title":"3只被严重低估的电动汽车股票在股价上涨之前值得买入","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"PCRFF":1,"PCRFY":0.9,"LI":0.9,"TSLL":0.77,"EVS.SI":0.6},"content_text":"These undervalued EV stocks represent companies with good fundamentals and a healthy long term growth outlook.\nTesla (TSLA): The potential launch of low-cost cars is a catalyst for growth.\nLi Auto (LI): Strong fundamentals will support investment in technology and aggressive retail expansion within China.\nPanasonic Holdings (PCRFF): This massively undervalued EV battery company has ambitious growth plans.\n\n\n\n\n\n \n\n\nA very simple rule to make money in the market is to buy when there is fear. Of course, there also needs to be long term fundamental factors that support the logic of buying depressed stocks. With the market trading near all-time highs, it’s relatively difficult to find value stocks. The best idea is to look at depressed sectors that have the potential to bounce back in the coming years. The electric vehicle (EV) sector is one such area, and that’s why now is the best time to buy undervalued EV stocks.\nWithout a doubt, the recent depression in EV stocks has been backed by negative developments. These include slower than expected EV adoption, macroeconomic and geopolitical headwinds and intense competition. However, there are high-quality EV companies that are likely to survive and continue growing beyond the decade.\nThis is a solid list of three undervalued EV stocks to buy before they surge higher. Besides the valuation factor, these EV companies have good fundamentals that will support navigation through challenging times.\nTesla (TSLA)\nSource: Iv-olga / Shutterstock.comTesla (NASDAQ:TSLA) stock has already surged from lows with a rally of 36% in the last month. However, the EV stock remains down 7% in the last 12 months. I expect a strong comeback for Tesla once industry sentiments improve.\nFrom a macroeconomic perspective, rate cuts are likely to support growth and lower the cost of borrowing. This is likely to help Tesla in accelerating deliveries growth. However, the key reason to be bullish on Tesla is the innovation edge.\nA major catalyst for Tesla in the coming months is the unveiling of its robotaxis. The event is likely in October and Wedbush estimates that robotaxis and artificial intelligence (AI) technology “could put the company on the path to a $1 trillion valuation.” Further, Oppenheimer believes that a full self-driving technology can “potentially raise earnings per share by $1-$2 a year through the end of the decade.”\nTesla is also looking at a “new unboxed manufacturing process” that can slash production costs in half. The possibility of a low-cost car is exciting as it will help Tesla gain market share in emerging economies.\nLi Auto (LI)\nSource: Robert Way / Shutterstock.comLi Auto (NASDAQ:LI) stock has witnessed a sharp correction dropping 43% year-to-date (YTD). I see this as a good buying opportunity with LI stock trading at an attractive forward price-to-earnings ratio (P/E) of 13.3.\nThere are two reasons for the deep correction in LI stock. First, the company lowered its growth expectations for the year. Further, the European Union has imposed tariffs on Chinese EV companies. The latter does not impact Li Auto currently with the EV maker focused exclusively on China.\nIn terms of positives, Li Auto ended Q1 2024 with a robust cash buffer of $13.7 billion. This provides the company with high flexibility for aggressive retail expansion in China. At the same time, Li can continue to invest in product development and technology. It’s worth noting that Li is targeting to launch its Level 3 self-driving technology next year.\nIt’s also likely that Li Auto will pursue international expansion in 2025. With the tariffs in Europe, the first international market for Li is likely to be in the Middle East. This is a potential growth catalyst in addition to expansion in the luxury EV market within China.\nPanasonic Holdings (PCRFF)\nSource: testing/Shutterstock.comPanasonic Holdings (OTCMKTS:PCRFF) stock is a massively undervalued name to consider. The EV battery stock trades at a forward P/E of 6.12 and offers a dividend yield of 2.8%. I would not be surprised if PCRFF stock doubles from current levels within the next 24 months. That potential earns it a firm spot on the list of undervalued EV stocks.\nWhile sentiments are depressed in the near term, Panasonic has ambitious expansion plans. The company expects to quadruple its EV battery capacity to 200 GWh by 2031. At the same time, Panasonic has guided for EBITDA margin expansion during this period. I, therefore, expect steady growth coupled with cash flow upside.\nPanasonic is also looking at manufacturing of solid-state batteries in the long term. However, the initial focus is likely to be on solid-state batteries for drones and factory robots. This is likely to be a big addressable market.\nIn terms of product improvement, the battery maker is targeting to achieve a 25% increase in battery energy density by 2031. To achieve this, Panasonic will be using nano-composite silicon anode material for EV lithium-ion batteries.\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor did not hold (either directly or indirectly) any positions in the securities mentioned in this article.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.Consumer Discretionary, Automotive, Electric VehiclesGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/3-deeply-undervalued-ev-stocks-to-buy-before-they-drive-higher/.\n©2024 InvestorPlace Media, LLC","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2453898060"}