Should you BUY Lordstown Motors Stock [RIDE] or GEVO Penny Stock After the Latest?? Listen to This!

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In this video I am going to explain what that news is and why investors should be optimistic about Lordstown motors, ticker symbol RIDE and GEVO, ticker symbol GEVO.

Is Lordstown going to emerge as a top tier EV player? How much does GEVO have left in the tank? Get it, tank, it’s a fuel company. No, moving on.

Now, recently, the massive company Camping world and Lordstown just became partners. The rundown of the agreement is this.

Camping world has an infrastructure built out around the country. In fact, they have 170 locations that Lordstown will be able to use for charging, maintenance, collision fixes, a service hotline, and roadside assistance.

That doesn’t come free for Lordstown, but it’s still a win win for both companies. In return, Lordstown has agreed to help develop and produce an electric RV. Along with that, Lordstown will build out charging stations at all of the Camping World locations.

This partnership is exactly what both of these companies needed. It gets camping world in the EV game with electric RV’s. And gives Lordstown a great infrastructure already built out and in place across the US.
And think about this, Camping world is a major sponsor in Nascar, Major League baseball, drag racing, they even have their own truck series in Nascar.
The fans of these sports are your bluer collared crowd, my type of people, and Lordstown is touting the endurance as the working man’s truck. Camping world could provide some great targeted marketing to exactly who Lordstown is making the truck for.

Earlier this week, Lordstown announced their pre-order for the endurance truck had risen from 50,000 to now 80,000 pre-orders.

The majority of these orders are coming from commercial fleet customers. Lordstown is still on pace to begin production on these trucks in September of 2021.

On the heels of this good news, Lordstown Motors share price has jumped nearly 20% this week. At the time of this filming Lordstown was sitting at $22.69. Even with some dips, that is still an increase of around 130% on the year.

Goldman Sachs put a price target of $31 on Lordstown and Lafferty put a price target of their own at $35.

Jaime Perez, the analyst from Lafferty covering Lordstown, is confident that with those improvements and 80,000 preorders, Lordstown will be set with steady revenue through 2022.

In fact, Perez is estimating that Lordstown will see $1.57 billion in revenue by 2023.

Just a few weeks ago I talked about GEVO in my penny energy stocks video to watch. If you were buying in then, that means you were buying in under $1, true penny stock levels.

And If you are buying in now, that means you are more than $4. In just a few weeks, GEVO is up over 250% and still pushing.

But who is this energy company, Gevo, Inc. is a renewable chemicals and advanced biofuels company headquartered in unincorporated Douglas County, Colorado in the Denver-Aurora metropolitan area.

Recently the share price has been exploding. They announced this week they would be purchasing 239 acres in S. Dakota.

Gevo said that it would build a production facility near Lake Preston, South Dakota, that's expected to produce 45 million gallons of jet fuel and renewable gasoline products.

Gevo also said it had landed a $1.5 billion contract with Trafigura, a commodities trading company, to secure control of a site by the end of the year. In August, the company signed the deal, making it the biggest contract in its history – and will provide Trafigura with 25 million gallons per year in fuel, most of which will be renewable gasoline. Cha Ching.

Now with that being said, Gevo still has a lot to prove. They’re not making a lot of money, and have been trading in penny stock levels which is basically anything under $5 for a while now.

So, as with most companies like this where it’s showing promise, but no solid financials yet, there is a big risk reward factor here.

A lot of analyst have Gevo rated as a buy, with a price target anywhere from $4 to $7.

If you’re feeling a little frisky, and have strong enough hands for risk, then jump in. I of course, am no financial advisor. But when I had that frisky feeling a couple months ago, I was buying into Gevo for around .97 cent.

#Lordstown #RIDE #GEVO