The electric vehicle investing market was red-hot in 2020 and 2021, with market leader Tesla seeing its shares soar more than 700%.
And it was hardly the only one.
Blink Charging went up more than 3,000%.
And Plug Power went up over 2,000%.
But according to stock market titan Louis Navellier, if you’re investing in EV stocks today, you need to be wary.
“The EV market is being heavily hyped,” says Navellier. “People are buying companies that really don’t have a lot of value in the long term. There are companies in this space I am worried about.”
And investors shouldn’t take Navellier’s words lightly.
He began his investing career in the 1990s, where he found tech giants while they were still trading for pennies.
That includes Apple for $1.49 and Microsoft for .38 cents.
He also called the dot-com collapse and the 2008 financial crash.
That said, even though Navellier is issuing a warning about certain EV stocks, he is bullish on the sector as a whole.
“There are great plays here,” Navellier says. “People just need to know where to look.”
In a recent interview, Navellier sat down to discuss where investors should be looking to truly profit from the coming $1.3 trillion EV market.
He even revealed the name of one of his favorite companies – a company already backed by Bill Gates and Volkswagen – completely free.
Just click here to watch this exclusive interview now.
About Growth Investor
In Growth Investor, we focus on today’s best mid- to large-cap stocks from a variety of sectors. The Buy List contains specific Buy Below prices and is always sorted into 3 categories of portfolio risk–Conservative, Moderately Aggressive or Aggressive–so you can buy according to your personal risk tolerance. Louis Navellier has been involved in the investing world for over 30 years. Since founding their research firm 45 years ago, their elite group has been responsible for accurately forecasting many of the world’s most innovative technological trends and breakthroughs long before they achieved mainstream acceptance.
*All investing includes risk of loss*