Raymond James Lowers Volta Price Target to $3.00

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The firm currently has an “underperform” rating on the stock. Volta Inc ($NYSE:VLTA) is a provider of electric vehicle charging solutions. The company operates in two segments, Network and Hardware.

Price History

Raymond James Lowers Volta Price Target to $3.00 So far, media exposure for Volta Inc has been mostly negative. On Monday, VOLTA INC stock opened at $1.0 and closed at $1.0, rising by 5.5% from the prior closing price of $1.0. The reason for the lowered price target is due to Volta Inc‘s recent string of bad news. First, the company was delisted from the Nasdaq Stock Market. Then, their CEO and Chairman, William Stasior, resigned abruptly. Lastly, Volta Inc is being investigated by the Securities and Exchange Commission for possible securities law violations. Given all of the negative news surrounding the company, it is not surprising that Raymond James lowered their price target.

However, it is still early to tell what the long-term effect of these events will be on Volta Inc‘s stock price.

VI Analysis

Based on VI’s analysis, VOLTA INC is a medium risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential, but there are some risk warnings in the balance sheet, non financial, and financial journal. Register on VI to check it out.

VI Peers

The competition in the electric vehicle market is heating up as Volta Inc goes up against major competitors GreenPower Motor Company Inc, RAC Electric Vehicles Inc, and Taiga Motors Corp. All four companies are vying for a share of the rapidly growing market for electric vehicles. Volta Inc has a strong reputation for quality and innovation, and its products are well-regarded by consumers. However, its competitors are also offering compelling products that are attracting buyers. It will be interesting to see how this competition plays out in the coming years.

– GreenPower Motor Company Inc ($TSXV:GPV)

GreenPower Motor Company Inc is an electric vehicle manufacturer. The company has a market cap of 63.67M as of 2022 and a Return on Equity of -31.49%. GreenPower Motor Company Inc designs, builds and distributes electric vehicles for commercial and transit applications worldwide.

– RAC Electric Vehicles Inc ($TPEX:2237)

RAC Electric Vehicles Inc. is engaged in the development, production and sale of electric vehicles. The company has a market cap of $3.66 billion as of 2022 and a return on equity of -10.56%. RAC Electric Vehicles Inc. produces a range of electric vehicles for both the commercial and consumer markets. The company’s products include passenger cars, vans, buses, trucks and motorcycles. RAC Electric Vehicles Inc. has a production capacity of over 1,000 vehicles per year. The company’s products are sold in over 30 countries worldwide.

– Taiga Motors Corp ($TSX:TAIG)

Taiga Motors Corp is a Canadian company that manufactures and sells electric snowmobiles. The company has a market cap of 137.45M as of 2022 and a Return on Equity of -20.99%. Taiga Motors was founded in 2015 by Sam Bruneau and Justin Wiebe. The company’s mission is to provide sustainable transportation solutions for the winter sports industry. Taiga Motors’ products are designed for both recreational and commercial use. The company’s flagship product is the T-Rex, an electric snowmobile that has a range of up to 100 km and a top speed of 70 km/h.

Summary

If you’re looking for a high-risk, high-reward investment, VOLTA Inc. might be worth considering. The company is a relatively new entrant into the electric vehicle market, and has yet to turn a profit. VOLTA Inc. is still a speculative investment, and there’s no guarantee that it will be successful in the long run. However, if you’re willing to take on some risk, it could be a good way to potentially generate substantial returns.