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The exuberance around electric vehicles (EVs) has sent related stocks to the moon. The frontrunner
Tesla is up almost 400% in the last 12 months. Though valuation concerns have brought the stock lower in the last few months, the excitement around EVs will not wane soon. So, if you are looking for attractive, reasonably valued, alternative EV stocks, consider Orocobre (TSX:ORL).
Orocobre and EV boom
Orocobre is a $2 billion Australia-based company and a global supplier of lithium carbonate. The company does not seem like a boring mining company anymore. It offers an interesting investment proposition due to its recent aggressive expansion and impending EV market surge.