Wanna Play the Growth in Electric Vehicles? Moody's Says Look at Power Companies

A host of power companies will benefit from California's push for more electric vehicles, but it's unclear which automakers will win.
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The growth of electric power vehicles will lead to increased sales growth and grid investment opportunities for power companies, according to Moody's Investors Service. Moody's examined the potential winners from California's targeted goal to have 1.5 million zero emission vehicles on the road by 2025. The report cites Calpine (CPN) , Dynegy (DYN) , and NRG Energy (NRG) - Get Report  as companies that could benefit.  While power companies would benefit from the push for electrical vehicles, it's less clear which automakers stand to do well. Companies including Tesla (TSLA) - Get Report , Nissan, General Motors (GM) - Get Report  and Ford (F) - Get Report  have launched EVs, but predicting a winner is difficult. Another challenge, according to the analyst, is increased competition from new players in the EV auto market. He cited companies including Uber, Google (GOOG) - Get Report  and Apple (AAPL) - Get Report .