Are you in the market for a low-priced stock with multi-bagger potential? Consider electric vehicle (EV) systems up-and-comer REE Automotive (NASDAQ:REE). It’s a risky proposition, I’ll concede, as REE stock isn’t doing particularly well in 2021 — but it just might pay off.
To give you a quick primer, REE Automotive doesn’t actually manufacture cars. Rather, the company makes REEBoard, a modular system used to hold the battery and other components.
Additionally, the company makes REEcorner: a system designed to hold powertrains, steering and braking within a wheel well. It’s also important to know that REE Automotive is a product of a special purpose acquisition company (SPAC) merger.
As we’ll see, some traders have been putting negative price pressure on the stock. If you’re willing to take a chance on a possible hidden gem in the EV market, though, then let’s see what’s