羅曉聰
2020-11-19 14:00:51
3 Little-Known Cleantech Stocks That Could Soar in 2021
: NIU | Niu Technologies News, Ratings, and Charts
NIU – While many cleantech stocks have become quite popular due to increasing climate change awareness, some cleantech stocks are still relatively unknown. As a Biden presidency is expected to be favorable for the cleantech industry, little-known stocks such as Niu Technologies (NIU), AeroVironment (AVAV), and Kandi Technologies (KNDI) could see strong gains.
By Manisha Chatterjee
Nov 17, 2020
With growing awareness among people about climate change, the demand for cleantech stocks are gradually increasing. In addition to companies that produce solar and wind energy, the cleantech industry includes other types of green-energy stocks. The rising demand for cleantech is evident from the Invesco Cleantech ETF’s (PZD) 32.5% year-to-date gain versus the S&P 500’s 12.3% return over the same period.
With Joe Biden winning the presidential election, the situation for cleantech stocks is expected to be more favorable. As part of his plan, Biden is expected to make historic investments in clean energy and climate research and innovation so that the United States achieves net-zero emissions no later than 2050. Moreover, the electrical vehicles (EV) market is growing at an unprecedented rate in China.
While some cleantech stocks are already gaining due to the increased demand, some are still relatively unknown. NIU Technologies (NIU - Get Rating), AeroVironment, Inc. (AVAV - Get Rating), and Kandi Technologies Group, Inc. (KNDI - Get Rating) are three such little-known cleantech stocks that are well-positioned to gain due to this trend.
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Niu Technologies (NIU - Get Rating)
Headquartered in Beijing, China, NIU was founded in 2014. The world’s leading provider of smart urban mobility solutions, NIU is involved in designing, manufacturing, and sale of lithium-ion battery-powered e-scooters. The company’s portfolio consists of seven series NQi, MQi, UQi, NIU Aero, Gova, RQi, TQi. Among other services, NIU also offers online repair requests, DIY repairs, and a service station locator.
NIU’s total revenue increased 21.6% year-over-year to $91.3 million for the second quarter that ended June 2020. It was mainly driven by retail network expansion and new product launches in China. E-scooter sales from the China market increased 58.5% year-over-year. Net income increased 11.5% year-over-year to $8 million. NIU’s EPS for the second quarter was $0.13, which surpassed the consensus estimate by 44.4%. Driven by the launch of the G0, MQi2, and MQiS earlier this year, NIU’s e-scooter sales volume for the third quarter (ended September 2020) increased 67.9% year-over-year to 250,889.
Analysts expect NIU’s revenue to increase 37.7% this year, and 68.3% next year. The company’s EPS is expected to grow 20.5% this year, 78.7% next year, and at a rate of 5.9% per annum over the next five years. NIU’s earnings surprise history looks impressive with the company missing the consensus estimate in just one of the trailing four quarters.
NIU is expected to release its financial results for the third quarter on November 23rd before the market opens. The company has been expanding aggressively internationally. Last month, the company opened its own flagship store in Bristol, United Kingdom. The company also opened a store in Porto, Bergamo and Jakarta among other places. The stock closed Monday’s trading session at $32.98, gaining 283.5% year-to-date. It is presently trading 13.5% below its 52-week high of $37.44