LEV.TO

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Hello Dan/Mat,
Any thoughts on LEV.TO? It moved up 7% today on high volume.
Thanks

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Asked on September 14, 2021 5:05 pm
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Hey there,

This is still very much an early-stage EV play. Sure its up by 7% yesterday, but it is is still down by 26% since it first came to market. It received a notable upgrade yesterday which is likely why it continued its run, but make no mistake this will be a very volatile company.

I do lilke it - more so than others in the space like Green Power and Vicinity - as it has been around for much longer and and has a wider range of products. I think this is a company that will do well but given itsin the EV industry it can take years for the investment thesis to fully materialize. In the meantime, it'll likely be prone to significant swings. At one point, it was down 40% in a month and the recent uptrend is likely a combination of a bounce off being oversold and upgrades based on lower valuations.

Although I don't own it (indirectly i do through POW which owns a big stake) it is one I like in the EV space.

Mat

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Posted by Mathieu Litalien
Answered on September 15, 2021 6:18 am