Xos, Inc (XOS): BEST EV PENNY STOCKS JORDAN ROBERTSON...

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Saturday, 02/18/2023 9:06:35 AM

Saturday, February 18, 2023 9:06:35 AM

BEST EV PENNY STOCKS
JORDAN ROBERTSON
Contributor, Benzinga
February 13, 2023
https://www.benzinga.com/money/best-ev-penny-stocks

Relevant excerpts:

The Best EV Penny Stocks
The transition to EVs will take some time, but the growth of this market should not be underestimated. No market is guaranteed to be profitable, but the EV industry looks poised for growth given macro tailwinds. Here are some stock ideas.

Xos: Xos is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets. The company's primary focus is on medium- and heavy-duty commercial vehicles that travel on last-mile routes.

The company posted full-year revenue of $5 million in 2021, up from $2.6 million in 2020. The group has expanded through a strategic partnership with NationaLease.

The partnership will hope to expand Xos’ footprint across North America.