GREY:XEBEQ - Post by User
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CdnKZ750on Mar 03, 2021 2:47pm
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TMF Post Mar 3 2021
TMF Post Mar 3 2021 Canadian EV Stocks: Here’s Which Stock Is a Buy Today
Daniel Da Costa Wed., March 3, 2021, 10:30 a.m.
Canadian hydrogen stock
Although Facedrive and BlackBerry happen to be well overvalued, one stock that’s been getting increasingly attractive the last few weeks is Xebec Adsorption (TSX:XBC).
Xebec Adsorption isn’t an automaker either. However, it’s a rapidly growing clean technology company that’s a great substitute to EV stocks. The business specializes in air purification capturing raw gasses and transforming them into hydrogen or renewable natural gas.
Xebec has been making a tonne of acquisitions as of late, building out its technological capabilities. It’s also been making a tonne of new sales, as businesses are increasingly looking for ways to reduce their carbon footprint.
One of its most promising sales is to an American fuel cell company. Xebec will supply an adsorption system that will be used to purify hydrogen, which will then be used for Toyota’s new line of Fuel Cell Electric Vehicles. This is a big step and just one of many showing how revolutionary Xebec’s clean technology is.
In addition to the incredible potential Xebec has, the stock is also extremely attractive. Over the past month, shares have declined over 20% offering incredible value today. And when you consider most other EV stocks are trading at significant price multiples, Xebec looks much more appealing.
I wouldn’t wait too long to gain exposure, though. As we saw throughout 2020, Xebec has the potential to skyrocket at any moment.