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Canoo: A High-Potential Electric Vehicle Stock

Dec. 03, 2021 7:54 AM ETCanoo Inc. (GOEV)3 Comments
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  • The EV company is set to deliver its first vehicle "The Lifestyle Vehicle" in the second half of 2022, within a year from now.
  • The company offers attractively designed models with special features in high potential light commercial vehicles segment.
  • It plans to have multiple revenue streams: vehicle sales, upfitting and accessories, and software.
  • Canoo will receive an additional $100 million in incentives for its new manufacturing facility in Oklahoma and R&D site in Arkansas.
  • The company continues to strengthen its current management team by adding experienced professionals from different domains.

Young couple hook up camper to electric outlet

swissmediavision/E+ via Getty Images

Investment Thesis

Canoo (NASDAQ:GOEV) is set to launch its first product in a year time from now. Attractive designs, multipurpose platform, and multiple revenue streams differentiate the company from its competitors. Moreover, compared to other EV stocks, the valuation of Canoo

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We provide end-to-end financial research services across asset classes. We are passionate about stocks and investments. We take pride in providing invaluable investing insights in an easy-to-understand way. .Chandan Khandelwal leads RCK, as its co-founder & CEO. He is a Chartered Accountant and Financial Consultant with more than 15 years of experience in Finance, Stock Market, Assurance and Business Advisory.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (3)

charly333 profile picture
After huge management problems Canoo still has a market cap of $ 1.6 B and no sales. They want to enter the market late 2023 when there will be lots of established competition. The stock looks very expensive to me.
Go and do likewise profile picture
As I have said it before, GoEV would be a much better name for the company. That said, I do like the crazy look of their vehicles. Hope they can stick around.
A very interesting company, product, and future opportunities.
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