Better EV Stock: NIO vs. ChargePoint
(NYSE: NIO) and ChargePoint (NYSE: CHPT) represent two very different ways to invest in the growing electric vehicle (EV) market. NIO is a leading producer of electric sedans and SUVs in China, and it operates a nationwide network of battery swapping stations that enable its subscribers to quickly swap out their depleted batteries for fully charged ones. ChargePoint is an EV infrastructure company that builds EV charging stations for private businesses.
Over the past 12 months, NIO's stock tumbled 44% as ChargePoint's stock sank 20%. Investors retreated from both stocks as rising interest rates drove investors away from the market's pricier, unprofitable, and more speculative companies. But should investors take the contrarian view and buy either of these out-of-favor EV stocks right now?
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Source Fool.com
NIO Inc. Stock
Currently there is a rather positive sentiment for NIO Inc. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 5 € shows a slightly positive potential of 13.64% compared to the current price of 4.4 € for NIO Inc..
