Lightning eMotors, Inc. (NYSE:ZEV) just released a solid earnings report, and the stock displayed some strength. Despite this, our analysis suggests that there are some factors weakening the foundations of those good profit numbers.
LOVELAND, Colo., June 07, 2022--Lightning eMotors, Inc. (NYSE: ZEV), a leading provider of zero emission medium-duty commercial vehicles and electric vehicle technology for fleets, announced today that CEO Tim Reeser will be presenting at the Deutsche Bank Global Auto Industry Conference.
Over the past year and a half, the Biden Administration has shown a consistent policy bent toward the promotion of electric vehicles (EVs). This has given EV manufacturers openings for new contracts with Federal, state, and local level government agencies. More importantly, the Administration has publicly backed Federal funding for a massive build-out of EV charging infrastructure. This provides a real opening for investors. The modern EV industry is young, and provides investors with an array o