Two EV stocks, Lucid Group and Rivian Automotive, are considered bargains for potential growth

From Nasdaq: 2025-01-15 04:10:00

In 2024, most electric vehicle (EV) stocks experienced significant price fluctuations, with some soaring in value and others dropping sharply. Two EV stocks are now considered bargains after a roller-coaster year of trading. Lucid Group (LCID) is expected to double its sales in 2025, with analysts predicting a 118% jump in revenue over the next 12 months. On the other hand, Rivian Automotive (RIVN) has seen a temporary stagnation in growth but is set to release new models, tap into the mass market, and benefit from a recent partnership with Volkswagen.

Investors looking for long-term growth opportunities may consider investing in Rivian Automotive, as the company is expected to experience sales growth in 2025. While Rivian is currently facing stagnating growth, upcoming product launches and a partnership with Volkswagen could boost sales and drive the company’s valuation higher in the future. Consider the potential for long-term growth and the company’s meager valuation before investing in Rivian Automotive.



Read more at Nasdaq: 2 Top EV Stocks to Buy in January