Envision Solar International, Inc. (EVSI, Buy, $25 PT) A Niche Way To Invest in EV Demand Growth, Initiating Buy and $25 PT
What you should know: BEAM (EVSI changing its name later this month) produces solar-powered electric vehicle autonomous recharging stations (EV ARCs). The company already has EV ARCs in operation (primarily across the US) with a path towards a production run-rate of over 2,000 EV ARCs annually by late 2022 (currently ~90/year). Key to BEAM’s solution is its plug and play offering which is easily transportable, requires no construction, and most importantly is infrastructure light (think micro-grid EV charging). Bottom line: BEAM has a niche business, and we view it as a derivative way to play the increasing demand of EVs as the company is well-positioned to benefit from the necessary and ongoing EV infrastructure build-out across the US. We initiate coverage of EVSI with a Buy rating and a $25 PT.
To continue reading please follow this link to our latest Wall Street Analyst Report – $25 Price Target for Envision Solar stock.
Desmond Wheatley, CEO Envision Solar.
Drive on Sunshine!