The electric vehicle space has been growing at a breakneck pace over the course of the past half a decade and nowadays, there are plenty of companies to choose from when it comes to investments. Tesla Inc (NASDAQ:TSLA), the American electric vehicle manufacturing giant, is no longer the only option.
What to Watch
RichTV Live has become one of the more popular YouTube channels for investors and in a recent video, the channel showcased Grande West Transportation Group Inc. (TSXV:BUS.VN)(OTCQX:BUSXF)(FRA:6LG), which was called the ‘#1 Electric Vehicle Stock 2021’. Whether that is a tall claim or not will be determined in due course but perhaps it could be a good idea for an investor to possibly take a closer look at what the RichTV analyst had to say about the company.
The company also announced its performance in terms of deliveries recently and that is something that ought to be taken into consideration. Grande West is based in Canada and manufactures mid-sized transit vehicles that are sold in the United States and Canada. Grande West announced that it has started the process of fulfilling an order for 90 buses. That being said, it is also necessary to keep in mind that Grande West had initially targeted to complete these deliveries by the end of 2020.
Speaking about the company, the analyst stated that it is not only involved in one of the hottest sectors but there could be considerably future upside in the Grande West stock. More importantly, it is also important to keep in mind that RichTV had actually recommended the stock in July last year. At the time, the stock was trading at only 28 cents a share.
Eventually, the stock hit $2.14 a share and the represents enormous gains. The stock then had a bit of a dip and has been consolidating within a range. The analyst at RichTV seemed quite bullish about the prospects of the company for 2021 and in another video included Grande West in his top 10 picks for stocks of the year. The performance since July is no doubt compelling and considering the prospects of the electric vehicle sector, this is a stock that investors could consider keeping on their watch lists.
Featured image: Pixabay