Unload These 3 EV Stock Nightmares to Swerve Steeper Losses | Markets

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The road to full electrification still has a long way to go. The EV market has struggled since last year, and some companies have been forced to close their shops. The declining demand for EVs has created an ever-increasing list of EV stock nightmares to avoid. That’s why I looked at which companies are posing a threat of further losses.

I examined three companies involved in electric vehicle production, struggling to meet obligations based on their current ratio. To come up with the list, I screened for the following criteria:

  1. Operates at a net loss,
  2. A current ratio of less than 1.

A current ratio represents a company’s ability to pay its debts in the short term. A number lower than 1 means the company is unlikely to be solvent if all its debt becomes due at once within the next year, as their cash and cash-like securities would not cover it.

I arranged the following companies based on the current ratio, from highest to lowest.

Arcimoto (FUV) 

Source: Pavel Kapysh / Shutterstock

Known for its fun utility vehicle, Arcimoto (NASDAQ:FUV) is a designer and manufacturer of electric vehicles. The company has six main products built and sold on its…

Source investorplace.com

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