Wall Street predicts significant stock gains of 56-112% for 3 EV penny stocks

From Nasdaq: 2024-07-07 11:12:27

The EV market is rapidly growing, but companies face financial challenges due to macroeconomic headwinds. Wall Street believes EV charging station market will hit $257.03 billion by 2032, driving potential stock gains of 56-112%.

ChargePoint Holdings, a leading EV charging provider, experienced revenue growth but faced profitability concerns. Analysts predict a 56% stock rise.

Blink Charging saw significant revenue growth in Q1 but remains unprofitable. With deals like becoming NY’s official EV charging provider, it aims for positive EBITDA by 2024. Analysts forecast a 111.5% stock increase.

Despite strong delivery results, Nio stock fell 49% YTD. Nio aims to promote battery swapping technology in China. Analysts predict a 58.8% stock rise with a target price of $7.34.



Read more at Nasdaq: 3 EV Penny Stocks Wall Street Predicts Will Soar Around 56%-112%