EV Stocks That Investors Are Yearning For

Lion Electric, MG, and Lithium Americans are our stars today, as a report on The Motley Fool indicates.

Vehicle Manufacturer Lion Electric (TSX:LEV) (NYSE:LEV), headquartered in Montreal, has dropped a 10% by last Thursday, plunged 48% in the year-over-year period. The author suggests investors snatch up Lion Electric late January; he himself will buy the stock in late March. The company delivered 71 vehicles in Q4 2021, 25 more than 2020. It posted net earnings of $28.3 million over a net loss of $53 million in the fourth quarter of 2020.

Magna International (TSX:MG)(NYSE:MGA), an Aurora-based car parts design, engineer, and manufacture company that has kept its place as the largest auto parts manufacturer in North America over the last decade, opened new plants and partnered with LG Electronics in 2020 to enter into the EV arena. The Ukraine-Russia war impacted this stock’s performance as it shuttered its operations in Russia.

Shares of Lithium Americas (TSX:LAC)(NYSE:LAC) are up 1.8% in 2022, soaring 138% from last year. The company has boasted access to Thacker Pass, one of the largest known lithium sources on earth.

Post time: Apr-02-2022

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