While Wall Street is keeping a close eye on stocks of EV makers like Tesla (TSLA), there are several other names for investors to consider in the EV space. Craig Irwin, ROTH Capital Partners Senior Research Analyst, and Ronald Jewsikow, Guggenheim Securities Vice President – Automotive Equity Research, join Yahoo Finance Live to discuss their top EV stocks to watch as part of the weekly series “EVs: The Road Ahead.”
One company to keep an eye on is EVgo (EVGO, EVGOW). According to Irwin, EVgo is “seeing actually charging rates on their networks become 10 percent of miles driven versus what they were at about 5 percent just a couple years ago.” Irwin added, “I think the investment in infrastructure is the right thing to do because it drives jobs in America.”
Among the EV tier 1 suppliers, Jewsikow sees Aptiv (APTV) as one to watch. Jewsikow explained, “They make electrical architecture, so you think of connectors and wiring, kind of the guts of the vehicle.” He added, “They have business with almost every electric vehicle manufacturer in the world, that includes Tesla among others.”
Watch all of Yahoo Finance’s special coverage “EVs: The Road Ahead.”