Fisker, Rivian or Lucid: Which EV Stock Is the Better Buy?
“The fundamental landscape for EVs is more constructive than ever with elevated gas prices, government support, and improving availability,” Bagri noted.
Fisker Inc. (FSR)
Fisker has turned his focus to EVs. The start-up was founded in 2016 and Fisker plans to take share in the EV market by mass producing vehicles which are sustainably made in addition to being reliable and affordable.
FSR is entering the EV market with SUVs that feature cutting edge technology at an affordable price, which opens a vast opportunity set for the company.
Rivian Automotive (RIVN)
RIVN faced a plethora of production issues earlier this year, which extended from chip shortages to Covid-related problems to the rearrangement of vehicle lines. These not only impacted production but also badly affected investor sentiment.
In July’s Q2 report, the EV maker showed it delivered 4,467 vehicles in the quarter, some distance above the Street’s 3,500 expected deliveries. Further boosting confidence, Rivian said it is still on track to come good on its 25,000-production target for the year. As of June 2022, the company had 98,000 total net reservations in the US and Canada for the R1 line.
Lucid Group (LCID)
Lucid’s ace is its Lucid Air electric sedan which it touts as being the “longest range, fastest charging luxury electric car in the world.”
The market’s current view on LCID is a mixed bag, indicating uncertainty as to its prospects. The stock has a Hold analyst consensus based on 2 Buys and 1 Hold and Sell, each. However, the $21.67 price target suggests an upside potential of ~34% from the current share price.
Of the three EV names , Wall Street expects the greatest gains from Fisker stock over the next year.
Which stock do you think will give the biggest gains?
Fisker has turned his focus to EVs. The start-up was founded in 2016 and Fisker plans to take share in the EV market by mass producing vehicles which are sustainably made in addition to being reliable and affordable.
FSR is entering the EV market with SUVs that feature cutting edge technology at an affordable price, which opens a vast opportunity set for the company.
Rivian Automotive (RIVN)
RIVN faced a plethora of production issues earlier this year, which extended from chip shortages to Covid-related problems to the rearrangement of vehicle lines. These not only impacted production but also badly affected investor sentiment.
In July’s Q2 report, the EV maker showed it delivered 4,467 vehicles in the quarter, some distance above the Street’s 3,500 expected deliveries. Further boosting confidence, Rivian said it is still on track to come good on its 25,000-production target for the year. As of June 2022, the company had 98,000 total net reservations in the US and Canada for the R1 line.
Lucid Group (LCID)
Lucid’s ace is its Lucid Air electric sedan which it touts as being the “longest range, fastest charging luxury electric car in the world.”
The market’s current view on LCID is a mixed bag, indicating uncertainty as to its prospects. The stock has a Hold analyst consensus based on 2 Buys and 1 Hold and Sell, each. However, the $21.67 price target suggests an upside potential of ~34% from the current share price.
Of the three EV names , Wall Street expects the greatest gains from Fisker stock over the next year.
Which stock do you think will give the biggest gains?
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