Best Electric Vehicle Stock for 2021: Grande West Transportation
YouTube has now become one of the more reliable sources of information with regards to investment and stocks. However, it is also true that one needs to know where to look if he is looking for reliable information.
One of the more popular YouTube channels for stock investors at this point is Rich TV Live. The channel regularly showcases new companies, analyses breaking news, and provides a lot of analyses with regards to different sectors.
In its latest video, the analyst over at Rich TV analyzed the electric vehicle company Grande West Transportation (TSXV:BUS)(OTCQX:BUSXF). Rich TV seems to be upbeat about the prospects of the company and has called it the ‘best electric vehicle stock’ for this year.
The stock is already up on Friday but it is necessary for investors to have a closer look at the company if they are going to consider investing in it. Grande West, which is based out of Canada, is involved in the manufacturing of multipurpose transit vehicles of a middling size.
The vehicles are sold in both its home market of Canada as well as in the United States. In a new development that ought to be brought to the attention of potential investors, the company recently provided an update with regards to its deliveries in Q4 2020 and the early portion of the first quarter of 2021.
Grande West informed that it has already started fulfilling the deliveries related to a large order consisting of as many as 90 buses. The deliveries were supposed to have been completed by the end of 2020 but due to the coronavirus pandemic, only 75% are currently in line to be delivered. The whole thing is expected to be completed by the first quarter of 2021.
Speaking about the stock, the Rich TV analyst stated that he has been a ‘fan’ of the stock since the beginning and had first brought the stock into focus among subscribers. Over the course of the past month, there has been a significant explosion of sorts in the Grande West stock and had hit $4.50 a share. Not too long ago, the stock was trading at only $1.40 a share. So, make sure you check out the video and make your mind up about Grande West.
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