XL Fleet Vs. Hyliion: Which Electric Vehicle Stock Is A Better Buy?

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Electric vehicles have been all the rage this past year due to Tesla’s (TSLA) stock surge. But there other other up and coming EV stocks worth a look too. We evaluate XL Fleet (XL) and Hyliion (HYLN) to see if either is worth buying now.

Electric vehicle stocks have been on fire in recent months. Just about everyone is familiar with Tesla’s (TSLA) meteoric rise, yet there are several other electric vehicle stocks worthy of your investing dollars even though they don’t receive as much attention from the mainstream media.

Instead of spending hour after hour researching up-and-coming electric vehicle stocks, let me do the work for you. I have sifted through many of the new EV stocks and found two worth looking at. 

Below, I provide a look at two electric vehicle stocks with future growth potential: XL Fleet (XL - Get Rating) and Hyliion (HYLN - Get Rating).

A Look at XL

XL is making no secret that it is planning to take on the ever-worsening problem that is climate change. XL makes both hybrid and plug-in powertrains that convert conventional gas-fueled automobiles into hybrids. XL products are used in vehicles made by the likes of General Motors (GM), Ford (F), and Isuzu. XL is a particularly intriguing play as the now Democratic-controlled federal government shifts its attention to preserving the environment.

In short, the beltway’s attitude toward electric vehicles and climate change is about to do a 180 led by President Biden. The bottom line is we are in the early stages of a societal shift away from fossil fuels, and XL stands to benefit.

XL by the Numbers

XL went public through a SPAC this past year, jumped to $32, declined to $20, and has since traded sideways. Such volatility is perfectly normal for a publicly-traded company introduced by way of a SPAC. Though few analysts have studied XL in-depth, those who cover the stock expect it to reach $30, indicating a potential upside of 45%.

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Stock Tigress 4 weeks ago Member's comment

And XL is the winner of course! 👍

Maximum Power Trading 4 weeks ago Member's comment

LOL XL fleet will be in our rear view mirror in no time, once we take over class 8 trucks we’ll move onto the lower classes, renewable natural gas is the future people.

Terry Caruso 4 weeks ago Member's comment

Why are these two being compared? They're entirely different plays.