The presidential victory for Joe Biden pushes environmental issues up the order of priorities in the White House. From green energy to beneficial tech, traders are looking for opportunities in the sector. One company in particular that could make waves in the next week or so is Northern Genesis.
Northern Genesis
Northern Genesis, a US-based stock has recently announced a merger with Lion Electric Company. Lion Electric is a supplier of electric trucks and heavy-duty vehicles, and we know how well that sector has been doing recently.
The merger will see Northern Genesis own 20.5% of the company, who are currently supplying vehicles for many businesses, including Canadian National Railway and Amazon, one of the market’s biggest winners of 2020.
Positive Outcome?
The news of the merger is yet to be covered by many mainstream platforms, so sooner, rather than later, is the time to take advantage.
President-Elect Biden’s ‘Clean Energy Plan’, includes hopes to run school buses on zero emissions – Lion Electric is thought to be one of the forerunners to take on this project.
Trade Plans
Once the merger with Lion Electric and additionally the involvement of Amazon is wider common knowledge, the stock price will soar.
Some analysts have been quoted to predict a rise to $130 in the next few years for Northern Genesis.
With the latest news of the merger, the only way is up for this stock price.