![]() There is plenty of lithium in the ground, but efforts to mine and process it have barely ramped up, with operations taking place in just a handful of countries. Lithium is absolutely critical to EV production and powering, and it has several other "green energy" applications, as well. Like it says on the box, LIT is an exchange-traded fund that holds a basket of lithium miners and battery tech companies, which, as we've seen, are playing an outsized role in the growing EV and clean energy markets. 17, 2021 $20/$22.50 put spread for $1.20 or less.Īnd finally, I'm watching Global X Lithium & Battery Tech ETF (NYSEArca: LIT). If PLUG shares close below $25.00 by the end of August 2021, I like buying the PLUG Dec. I think we could see another leg down from here, but I want to see the stock break support before I make a move. It jumped nearly 17% over three sessions, but had given most of that back as of the end of last week. Plug Power turned in decidedly mixed results in its second-quarter reporting earlier this month. It was a pioneer in the space here in the United States, and it's closed a series of lucrative deals in the past 12 months, partnering with South Korea's SK Group conglomerate to provide fuel cells to the massive Asian market and striking a deal for a joint venture with French automaker Renault. I think the Latham, New York-based hydrogen fuel cell manufacturer is on the right track, designing next-generation batteries, or fuel cells, capable of recharging in minutes, as opposed to hours for traditional batteries. (NASDAQ: PLUG) was all the rage last summer, and for me, the attraction's never waned. Should this stock rally back toward and then reclaim six-month highs, closing above $34, I'd buy BEEM Nov. jurisdictions, and no construction or integration required, either.īEEM stock is also down over the past several sessions. Beam's stations, however, are easy to install anywhere there's room there's no permitting required in most if not all U.S. As things stand now, it takes beaucoup permitting and red tape cutting to get an EV station installed and integrated with the local power grid it's not easy to do. Beam's solar-powered EV charging stations could end up being a game-changer. It designs, manufactures, and sells all kinds of solar-powered products. If CHPT closes above $27, I like buying a call spread on these shares - CHPT $28 and $29 calls for around $0.45 or less for each one.īeam Global is into electric vehicle charging infrastructure as well, with a unique emphasis on solar power. The stock has been under pressure of late, to the point where it's reaching bargain territory. That alone isn't what makes the stock so compelling it develops and builds hardware and software for all kinds of electric vehicles, too. It also sells directly to consumers - EV owners - with "home" versions of its charging stations. As of late 2020, it owned 114,00 charging stations nationwide. ChargePoint is based in the heart of Silicon Valley and operates the largest network of EV charging stations in the United States, with a presence in Mexico, Canada, and Australia, too. (NYSE: CHPT) and Beam Global (NASDAQ: BEEM). I'm talking about ChargePoint Holdings Inc. Two of my very favorite companies in this space are in play right now they're potential beneficiaries of the infrastructure bill, of course, but also, the Democrats' proposed $3 trillion social and climate action plan. ![]() Most sources agree that there will need to be hundreds of thousands of efficient charging stations built nationwide - Biden himself has floated a figure in the 500,000 range - for the transition to electric vehicles to work. There's perhaps even more profit potential in the "stuff" that goes along with EVs, like electric motors and charging stations. (NASDAQ: TSLA) and other EV makers grab headlines, but there's more - a lot more - than vehicles themselves to this boom. These stocks are near or below certain key support and resistance levels that put them in play right now. Be that as it may, choosing the right stocks here can mean the difference between missing out, or collecting ho-hum profits, and knocking it out of the park. There's also a great deal of global growth here, outside of the United States, as the world transitions away from fossil fuels. Thanks to the infrastructure bill, and what will likely be billions and billions in earmarks, the whole sector is heating up. My editor, though, asked me to share this week's watchlist with everybody because it's packed with clean energy stocks. That's also why I talk about speculative trades people can execute to cash in on those moves. It's just like how it sounds they're stocks I'm keeping tabs on because I see the potential for big, imminent moves. Every week, I publish a "watchlist" of stocks for my Total Wealth free e-letter subscribers.
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