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Investing in the Only Electric Vehicle Stock That Matters

Written by Jeff Siegel
Posted December 13, 2022

I know it’s not for everyone, but I love Miami.

I love the weather, the palm trees, the old art deco hotels that serve exquisite mojitos at happy hour and guava pastries and Cuban coffee for breakfast.

I love that tropical smell when you first walk outside the airport and the scent of the ocean air while lounging on the beach and noshing on fresh mango.

And of course, I absolutely love the relaxed vibe. 

Even riding the bus in Miami is a pleasure.

And I absolutely hate using public transportation in this country.

But in Miami, it’s incredibly convenient and clean. 

You see, when I travel, I rarely rent a car. I usually rely on Uber (NYSE: UBER) or Lyft (NASDAQ: LYFT) to get me around. It’s just easier and more convenient. Especially at the airport.

But when I’m in Miami, I primarily use the bus. It’s convenient, inexpensive, and, unlike most public transportation systems in the U.S., always on time. 

Although on my most recent trip, I noticed something different when I hopped on the bus.

It was really quiet. 

Too quiet, actually.

It barely made any noise, and the inside was so clean it looked new.

Turns out it was.

You see, the city of Miami is switching out its old diesel buses for electric buses, and these things are amazing.

They don’t really look much different than traditional transit buses, but they’re far more efficient, are cleaner, and cost much less to maintain and operate.  

In fact, it’s those economic advantages that made the Miami-Dade County’s Department of Transportation transition its fleet to electric. 

It’s actually the reason transit bus fleets all over the world are transitioning to electric, to be honest. It really has little to do with pollution or climate change. 

The economics are actually so good that, according to Bloomberg, not only will the advance of electric buses exceed the growth rate of electric passenger cars, but in almost all charging configurations, electric buses have a lower total cost of ownership than conventional municipal buses.

Couple that with electric bus mandates in the U.S., China, Canada, and the EU and you have the recipe for a massive opportunity to make a ton of money in the electric bus space.

Globally, the electric bus market is expected to grow from 78,240 units in 2021 to 1,383,480 units by 2029, representing a CAGR of 43.2%.

That’s not trivial, and unless you hate money, you should absolutely be getting some of this action for yourself.

Now, my favorite pick in the electric bus space is a U.S. company that not only manufactures electric buses, but also makes the charging stations, battery systems, and components. It’s also the company that just landed an order from the Miami-Dade County Transportation Department for 75 new electric buses.

But it’s much bigger than just Miami.

This electric bus manufacturer is global, boasting contracts all over the world, and it’s absolutely crushing it.

In its most recent quarter, the company reported record quarterly revenue surpassing $96 million, representing growth of 55% year over year.

Its transit deliveries hit a new record of 60 electric buses, while its battery system deliveries grew 274% year over year. 

It's also worth noting that its charging solutions segment grew 765% compared with Q3 2021, with customers in both the transit bus and non-transit bus commercial vehicle markets. 

And here’s the best part…

The stock is currently trading at a huge discount.

Price targets on this thing are exceeding $10.00 a share, but you can buy it for less than $5.00 a share right now, representing an estimated gain of more than 100%.

Bottom line: The electric bus market is a lock, and this company right here is the only pure play in the space that’s generating hundreds of millions of dollars in revenue. 

Mark my words: You buy this stock today and by this time next year, you should be sitting on a very nice double. 

To a new way of life and a new generation of wealth...

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Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's page.

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