The Volta stock price has been on the decline despite the company’s renewed energy to invest in fast DC changing as the world gears towards electric vehicles (EVs).
Most investors believe the stock is highly undervalued and expect it to bounce back strong especially due to the kind of investments the company is making in installing fast-charging stalls in the US. On February 14, Volta Company announced a collaboration with Walgreens to install 1,000 DC fast charging stalls at over 500 Walgreens throughout the U.S.
To help stock investors interested in investing in Volta stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
Best places to buy Volta stock (VLTA)
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What is Volta stock?
Volta stock is the stock of Volta Inc and it trades on the New York Stock Exchange under the ticker NYSE: VLTA.
In a nutshell, Volta Inc is an American electric vehicle (EV) Infrastructure Company that specialized in fast DC charging systems. Its charging stations are compatible with a majority of EVs in the USA including plug-in hybrid and battery EVs.
Volta charging stalls also have a digital screen that features advertisements.
Should I buy VLTA stock today?
If you are looking to invest in a stock that has over the last few days but with a huge potential of bouncing back, then the VLTA stock could be a good choice.
However, Volta faces stipe competition from electric vehicle heavyweights like Tesla who are the largest electric vehicle manufacturers in the world and also double up as charging stalls developers and installers. Therefore, Volta has an uphill task when it comes to enlarging its charging stall business; meaning it could be difficult for its stock to register significant gains.
Volta stock price prediction
Despite the huge completion from rival EV companies, analysts still believe that the Volta stock (VLTA) is highly undervalued and that a bounce back to at least $6.0 is possible by the end of February.
$VLTA social media coverage
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