3 Electric Vehicle Stocks to Avoid in April
KNDI – The electric vehicle (EV) industry has been red-hot since last year. This has caused an influx of several new players in the EV space whose stocks, driven solely by investors optimism, have gained as much as the established players. But, in the absence of adequate fundamentals, the prospects of many of these companies look uncertain. This, coupled with a global semiconductor shortage and investors’ rotation away from expensive stocks to quality bargains, does not bode well for the industry. Hence, we think fundamentally weak stocks Kandi Technologies Group (KNDI), Beam Global (BEEM), and Ayro (AYRO) are best avoided this month. Let’s take a closer look at these names.