Electric car maker Rivian just announced plans to IPO this year, targeting a valuation of $60 billion.
But should you buy the company for the chance to profit from the EV boom?
Louis Navellier – an analyst who has found 12 stocks that have gone up more than 10,000% – is here with his thoughts.
“It’s overhyped,” he said. “But the company has a four-year contract with Amazon. That’s noteworthy.”
Navellier has built a career on finding breakout tech stocks long before Wall Street…
Telling people to get in on Apple at $1.49… Oracle at .51 cents… and Microsoft at .38 cents…
And today he’s excited about the EV opportunity… He’s just not focusing on small-scale automakers.
Instead, he’s looking at batteries.
“A lot of people don’t realize this, but lithium-ion batteries have a lot of issues,” Navellier said. “The range is limited. They catch fire. They’re expensive. In fact, the EV market really can’t kick off until we have better batteries. We need a replacement.”
Today, Navellier believes he has found this technology…
That’s why he recently let his followers know about a new EV battery opportunity… a company that works with a battery tech that could allow a car to travel 1,000 miles on a single charge.
That blows the competition out of the water.
It’s no surprise that this one company working with this tech has been backed by both Volkswagen and Bill Gates.
Navellier details this investment opportunity in a new interview. You can click here to access that 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*