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The Companies To Watch As Green Tech Booms in 2021


News provided by

Oilprice.com

12 Feb, 2021, 13:00 GMT

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FN Media Group Presents Oilprice.com Market Commentary

LONDON, Feb. 12, 2021 /PRNewswire/ -- There's no denying that last year was an incredible year for electric vehicle stocks. Elon Musk briefly took the crown of the richest man in the world thanks to Tesla's shocking 750% climb…And a Chinese competitor, Nio Inc., rose by a remarkable 1295% over the same amount of time.  Mentioned in today's commentary includes:  Bloom Energy Corp. (NYSE: BE), Intel Corporation (NASDAQ: INTC), Alphabet Inc. (NASDAQ: GOOGL), Electra Meccanica Vehicles Corp (NASDAQ: SOLO), Fisker (NYSE: FSR).

While those who didn't buy in on these two giants while they were cheap may feel that they've missed the rally...that couldn't be further from the truth. The story is much larger, and there are other EV and EV-related stocks that continue to have tons of room to run. There are even stocks that are flying completely under Wall Street's radar--and they could even see gains that exceed those of Tesla or Nio. 

Nothing screams the "next Tesla" like Fisker (NYSE:FSR), an EV maker that is betting on futuristic and fully recyclable materials, headed up by a legend in automotive design …Or even a tech company creating its own green ecosystem like Facedrive (FD,FDVRF), a leading Canadian startup that's got several EV verticals, including its recent acquisition of Steer-- a Washington, DC-based EV subscription company that is looking to upend the auto industry by completely transforming the notion of car ownership as we know it.

Anything EV Is Golden Right Now

Yes, EVs are golden .... Biden's victory, a global clean energy push and the ongoing pandemic are the main drivers behind a $40-trillion energy transition of which electrified transportation will be the lion share. 

Yes, Tesla will continue to surprise the markets, and for short-sellers who lost $40 billion betting against the EV behemoth, it's time to look for a new gig. 

Fisker, for example is much like a Tesla type EV maker: It's working on fresh EV concepts, and has a legend behind the wheel in the form of Henrik Fisker. And don't be fooled, it's not just another EV SUV--it's a vehicle constructed with recyclable parts, something that pleases activist investors and huge institutional funds that are looking for the next epic investment that could mimic Tesla.

Fisker isn't going to start producing its famed Ocean SUV until 2023, with significant revenues coming in from advance orders not expected until late 2021. This may be a reason for Wall Street's elite not to go long on Fisker, but may just be the perfect opportunity for investors to get in on the ground floor of what could become the next big EV producer. 

Next to Fisker, there's Facedrive - one of the front-runners of Canada's 'Silicon Valley'—and another EV related success. We like the flagship carbon-offset ride-sharing and food delivery side their business, but we're extremely excited about their recent acquisition of Steer. 

Why?

Because this isn't just the start of the golden age of EVs … it's the start of a completely different lifestyle. 

Facedrive (FD,FDVRF) added Steer to their growing list of acquisitions in September 2020, and we expect the news flow to increase over the next few months as two of the most innovative EV-linked tech companies combine their forces to upend car ownership in North America. 

Steer isn't anything like your average car rental company (Hello Hertz). It offers consumers their own private EV showroom (virtual, of course), sporting on-demand EV delivery for consumers, offering a flexible alternative to car ownership. 

Steer users are able to drive the newest and hottest EVs on the market. The platform offers something for all budgets and tastes. Forget about the extra insurance – it's all included in the price. No maintenance. No hassle whatsoever. It's simply the most revolutionary app in on-demand EVs so far. Facedrive stock has pulled back over the last few days after going on a bit of a tear. There appears to be support at this level and this could be a good entry point for new investors.

Exelon, a $40B market cap energy giant is a strategic partner in Steer. And with everyone switching to EVs … the next stock to watch is Electra Meccanica Vehicles Corp (NASDAQ:SOLO).

SOLO is another up-and-coming electric vehicle producer to watch. It's turning heads on the street and on Wall Street with its sleek and unique single-seat electric vehicles. The Canadian company's electric car carries a lower, and more appealing price point for consumers that do not need all the bells and whistles that come with luxury brands like Tesla and NIO or even conventional Detroit classics like GM and Ford. It's also on the cusp of an emerging market. In fact, demand for single-seat electric vehicles are projected to grow significantly in the coming years, and SOLO is one of the few companies in this market, representing a great opportunity for investors looking for an easy-entry EV stock with a lot of potential upside.

Electric Meccanica isn't focused solely on the single-seat niche, however. It's also planning to roll out an electric sports car for two, the Tofino, and another electric two-seater boasting an old-school design that will appeal to a wide range of consumers.  From classic car lovers to EV fanatics, it's latest fleet will definitely generate some headlines and water cooler conversations. Given that the stock is only trading at $8 at the moment, there is a lot of room to grow. And early investors in Electra Meccanica could stand to see some substantial returns.

Though electric vehicle companies are getting most of the attention, autonomous vehicles should not be ignored. Robot cars will not only reduce emissions, but completely change the idea of car ownership as we know it. And Alphabet Inc. (NASDAQ:GOOGL) is, without a doubt, a leader in this burgeoning industry.

Waymo, a subsidiary of Alphabet, has had cars driving themselves across the United States for several years. In fact, in Arizona alone, Alphabet's self-driving cars have logged over 6.1 million miles. To put that in perspective, that means that Alphabet's autonomous cars have driven the distance between New York City and San Francisco over 2100 times. Or, as the company explains, "over 500 years of driving for the average licensed US driver." Even more impressive, however, the vehicles were only involved in 47 "contact events", and the vast-majority of the collisions were the result of human error and none resulted in any sort of severe injury for anyone involved.

Though these tests are very promising for Alphabet's Waymo, there are still some hurdles to overcome. First and foremost, these lengthy trials took place in Phoenix, a city not exactly known for extreme weather. Second, an issue that may frustrate many drivers, the vehicles operated in a sort of hyper-cautious mode, driving at slower speeds and taking sometimes unnecessary precautions to avoid conflict.

Though Alphabet has received much of the credit for these massive feats, a widely loved and wildly popular chipmaker is actually the driving force in these endeavors. Intel Corporation (NASDAQ:INTC) and Waymo teamed up nearly half-a-decade ago, and have worked together to fine tune this futuristic technology together ever since. Through their mutual knowledge of hardware and software, the tech giants have made leaps and bounds towards building the car of the future.

And Intel isn't one to be pigeonholed into a sole industry, either. In addition to its efforts with Waymo, Intel has also been on the forefront of developing its own artificial intelligence and vision hardware. Back in 2017, it acquired MobileEye, a supplier of camera-based chips and software to the global mobile industry. And now, in a new deal with Luminar, another emerging tech company on the forefront of this movement, Intel is positioning itself as its own giant of this new sector.

LIDAR technology will play a massive role in the future of not only self-driving cars, but also in the advancement of robots, mapping, security and more. The world is ever-changing and these industries will help shape the future as we know it, and Intel is acutely aware of this. While the electric vehicle industry is grabbing headlines today, Intel is already looking to the future. And that bodes well with investors looking to capitalize on these trends.

With Big Tech and upstarts like SOLO and Fisker getting so much attention, some alternative fuel companies are flying under the radar, and that could be beneficial for those who jump on this train early. Take Bloom Energy Corp. (NYSE:BE), for example. Bloom designs, manufactures and sells solid-oxide fuel cell systems. And, yes, there's been a ton of cash burn up to this point, but it's heralding massive innovation--and that's what tech startups are all about. Growth runways, not immediate profit.

That's why we are willing to throw tons of money at our innovative future. Eventually, the narrative changes and for the successful companies, the cash burn stops and there starts to be payback for investors. Anyone who didn't get in on time got left in the innovation dust.

That's what's already happening with Bloom. Savvy investor patience is paying off. Bloom is now on track to be the first fuel cell maker to become cash-flow positive. And this could all be about to get even bigger. Why? Because this relatively small company is thinking in huge terms: We're not just talking about fuel cells for construction vehicles or to power remote electricity generation … Bloom is thinking far bigger than that. It's targeting utility-scale applications of fuel cells and industrial-scale applications, and drawing in some very big names in the process.\

Each one of these innovative tech companies are set to ride the Tesla wave in a time where EVs are set to transform the world.

By. Chloe Mole

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.  Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help change car ownership in favor of subscription services; that new tech deals will be signed by Facedrive and deals signed already will increase company revenues; that Facedrive will be able to expand to the US and globally; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; changing governmental laws and policies; the company's ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company's expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS
This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively "the Company") owns a considerable number of shares of FaceDrive (FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

SHARE OWNERSHIP. The owner of Oilprice.com owns a substantial number of shares of this featured company and therefore has a substantial incentive to see the featured company's stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING. Investing is inherently risky. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.

DISCLAIMER:  OilPrice.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact e-mail:  editor@financialnewsmedia.com  U.S. Phone: +1(954)345-0611

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