3 Undervalued EV Stocks You Can Buy and Hold for the Next Decade
Electric vehicle (EV) stocks broadly have been trading at sky-high valuations lately. But that doesn't apply to every company operating in that market. A few are still valued at extremely attractive levels, and among that group, these three look particularly smart buys for long-term investors.
Ford (NYSE: F) stock trades at a significant discount compared to some pure-play EV companies -- and it may continue to for a while. The giant automaker's ongoing transition to electric vehicles may not be easy. Further, the company may not generate margins comparable to those pure-play EV companies, as internal combustion engine vehicles will continue to account for a significant (albeit falling) share of its vehicle mix for some time.
Even in light of those points, though, the question investors should be asking themselves is: How much of a discount should Ford's stock trade at? It's important to note that in a decade, the company expects roughly half of its sales to be electric.
Source Fool.com
