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Just a few years ago, it seemed that electric vehicles were never going to “catch on,” whether that was because of price, possible reliability issues, or, most importantly, range anxiety. (Range anxiety is the fear that the electric vehicle will not have enough battery to reach its destination or the next charging station, ultimately leaving the driver stranded.)
But, better, much better battery technology, vastly more vehicle and brand options for consumers to pick from, and exponentially more charging stations located all over the country, have changed consumers’ minds about the electric car.
While a large number of new, start-up car manufacturers are developing only electric vehicles, one significant change we are seeing is that almost every major car manufacturer is already offering fully electric vehicles or plans to do so in the next few years.

This is nice because we can get our iconic-looking vehicles in electric form; think the Ford F150 pickup truck, the Jeep Grand Cherokee, or even the gas-guzzling Hummer!
Most people don’t like change. Thus changing the way a vehicle looks and what powers it may have been some of the reasons consumers didn’t rush to get an electric car a few years ago but are now more willing to do so.
Regardless of the reason or reasons why more people are purchasing electric vehicles, the fact is, it appears electric vehicles are not only here to stay but may be the only type of cars on the road in just a few decades. This major shift in how we move from one place to another can also be a massive windfall for your portfolio.
Even though some people may feel they missed the EV investment because they didn’t buy Tesla 5 years ago, there are still plenty of opportunities out there that you can put money into today and reap the rewards for decades to come.
Let’s take a look at a few Exchange Traded Funds that will expose you to not just car manufacturers in the EV space but also crucial materials and technologies that EVs need to operate.
The first two are ETFs that focus on the production of electric vehicles and the future of transportation. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and the Fidelity Electric Vehicles and Future Transportation ETF (FDRV) invest in essentially the same companies.
However, each has just slightly different top holdings, the number of holdings, and performance. The expense ratio is the most significant difference between the two ETFs, with KARS at 0.70% and FDRV at just 0.39%.
Global X Autonomous & Electric Vehicles ETF (DRIV) is a little of a hybrid electric car ETF. It invests in stocks in the development, production, and supporting technologies of electric vehicles and autonomous driving. DRIV’s top holdings include Apple, NVIDIA, Microsoft, Toyota, Alphabet, Intel, Tesla, and General Motors.
The SPDR S&P Kensho Smart Mobility ETF (HAIL), the iShares Self-Driving EV and Tech ETF (IDRV), and the Simplify Volt RoboCar Disruption and Tech ETF (VCAR) are all good options if you are looking for an ETF that is more focused on self-driving.
All three still have a lot of exposure to electric vehicles, since up to this point, most autonomous vehicle technologies have been focused on EVs, not combustion engine vehicles.
When I think about self-driving, despite Tesla having a competent self-driving car, I think we are still about five to ten years away from this technology catching on with the mass public. Almost the same timeline that it has taken for electric vehicles to catch on.
So, investing in it today could be a little like investing in Tesla five or ten years ago. But, before you run out and buy one of the above ETFs, you need to remember these are long-term buy-and-hold investments, so know that you will need to be very patient.
And finally, you could always just focus more on the battery side of the EV market because, after all, the electric vehicle will probably not make it very far without the batteries.

The Global X Lithium & Battery Tech ETF (LIT), the Amplify Lithium & Battery Technology ETF (BATT), the WisdomTree Battery Value Chain and Innovation Fund (WBAT), or the S&P Global Core Battery Metals ETF (ION) are all good options.
The four ETFs focus on companies developing, building, or even mining the metals needed for today’s batteries. We all know mining companies are difficult to invest in, so having a wide range of them and some companies that aren’t in the mining industry could be a great way to gain exposure and reduce risk.
Just because you may have missed out on Tesla doesn’t mean you need to miss out on the whole shift to EVs.
Buying ETFs that are focused on EVs is also a great way to spread out your money and not be so focused on “the winner” of the EV race because, just like internal combustion vehicles, there will be a lot of winners in the EV world.
Matt ThalmanINO.com ContributorFollow me on Twitter @mthalman5513
Disclosure: This contributor did not hold a position in any investment mentioned above at the time this blog post was published. This article is the opinion of the contributor themselves. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. This contributor is not receiving compensation (other than from INO.com) for their opinion.

It’s been a rollercoaster ride of a year for the Gold Miners Index (GDX), with the ETF starting the year up more than 15% and massively outperforming the major market averages, only to suffer a 48% decline over the next five months.
Since then, the GDX has returned to outperforming, and some of the best names, like i-80 Gold (IAUX), are now up more than 50% from their lows.
This extreme volatility is why it can be difficult to trade the Gold Miners Index successfully. The reason is that one must be ultra-patient when establishing new positions to avoid large drawdowns during the down cycle, but being too complacent at the lows can be costly as the index can turn on a dime when it does bottom.

Fortunately, while several of the best names are already off to the races and out of low-risk buy zones, a couple of stocks are still in the proverbial stable and trading at attractive valuations. In this update, we’ll look at two names that offer large safety margins.
Sandstorm Gold (SAND)
Sandstorm Gold (SAND) is a $ 1.6 billion precious metals royalty/streaming company.
It finances developers and producers in the gold and silver space, giving them capital upfront to build or expand their assets. In exchange, Sandstorm receives either a royalty on the asset over its mine life or a stream on the asset, meaning that Sandstorm has a right to buy a percentage of metal produced at a fixed cost well below the current spot price of gold/silver.
Since royalty/streaming companies typically have royalties/streams on over 20 assets, they are much more diversified than producers with 5-10 mines.
They also have much higher margins, given that they do not have to pay for labor, chemicals, fuel, explosives, and transportation but simply sit back and collect their metal deliveries from these assets.
Finally, the major benefit to owning royalty/streaming companies is that they are not required to spend annually on sustaining capital to maintain an operation, including mine development, drilling, and tailings expansions. In fact, any added resources are very beneficial, given that the royalty/stream is bought and paid for already. Hence, this is a proverbial cherry on top.
Unfortunately, while Sandstorm benefits from this superior model that carries very low risk, the company has had a tough year in 2022. This is because it went out and completed two major acquisitions ($1.1BB value), a smart move, and these deals transformed its portfolio from an average royalty/streamer to one with a phenomenal portfolio.
The issue was that Sandstorm ended up biting off a little more than it could chew with an increase in debt while gold, silver, and copper prices plunged in the fall, impacting its cash flow.
The result was that Sandstorm chose to do a $90MM capital raise to reduce its leverage ratio and pay down a portion of its debt, and this certainly wasn’t received well by the market, with these funds raised at a multi-year low for the stock.
However, while this certainly was painful for investors already in the stock, with SAND hitting new 52-week lows, this negative sentiment surrounding the deal has provided an excellent entry point into the stock for new patient investors looking for names trading at attractive valuations.
In fact, SAND is now the cheapest precious metals royalty/streaming stock in its peer group.
(Source: FASTGraphs.com)
This deep discount to fair value is even though SAND’s portfolio has never looked better (increased diversification), and it has the best growth profile sector-wide, expecting to see annual gold-equivalent ounce [GEO] sales grow from ~80,000 in FY2022 to ~155,000 in FY2025.
If achieved, Sandstorm will generate over $200MM in cash flow in FY2025, making Sandstorm very attractively valued at just 8x FY2025 cash flow for a company with ~80% margins.
Based on what I believe to be a fair multiple of 19.0x cash flow (in line with its historical average) and FY2023 cash flow estimates of $0.41, I see a fair value for SAND of $7.80, translating to a 50% upside from current levels.
However, this assumes no upside in the gold price and doesn’t factor in the significant growth in attributable production in 2024 and 2025.
So, for patient investors, SAND’s cash flow per share should increase to $0.68 in FY2025, placing its fair value at $12.90, translating to a 148% upside to its 2-year target price.
Hence, I see the stock as a steal at current levels and plan to continue to accumulate below $5.20.
SSR Mining (SSRM)
SSR Mining (SSRM) is an intermediate gold producer with four operating mines. These include the Copler Mine in Turkiye, the Marigold Mine in Nevada, the Puna Mine in Argentina, and the Seabee Mine in Canada.
This intermediate producer was one of the best-performing precious metals stocks in 2021, with an aggressive buyback program, the announcement of a dividend, and the subsequent increase in its dividend ($0.28 annualized vs. $0.20).
Meanwhile, the company finished 2021 on a high note, producing ~794,000 GEOs at all-in-sustaining costs of $955/oz, beating its output guidance and its cost guidance for the year.
Unfortunately, while 2021 was an exceptional year that helped the stock outperform most of its peers, 2022 has been nearly the exact opposite from an operational standpoint.
For starters, the company has seen slower leach times than planned which has impacted production at Marigold.
Secondly, the company had a leak of leach solution with diluted cyanide at its Copler Mine in Turkiye, forcing a suspension of operations and a major shortfall in expected output this year. Since Copler is the company’s largest mine with its lowest costs, this severely impacted the company’s Q3 results.
As it stands, SSR Mining has produced less than 500,000 GEOs this year, and all-in-sustaining costs are sitting well above $1,200/oz year-to-date, with margins plunging from $844/oz in Q3 2021 to [-] $105/oz. This was impacted by a lower gold price and much higher operating costs due to inflationary pressures, plus a limited contribution from Copler.
Not surprisingly, the stock has found itself more than 40% off its all-time highs, and it’s been one of the worst-performing gold producers in H2-2022, with free cash flow generation falling off a cliff.
(Source: Company Filings, Author’s Chart))
The good news is that the Copler Mine has since restarted, and its Seabee Mine has a strong Q4 ahead. Plus, its Marigold Mine benefits from much higher grades, setting the company up for a much stronger quarter in Q4.
In addition, the company is now benefiting from a recovery in the gold price, and it has much easier comparisons ahead on a year-over-year basis after lapping what’s been a very difficult year.
Finally, the company continues to have exploration success across its properties, setting it up for organic growth later this decade.

So, while it was hard to justify owning the stock above $24.00, the setup is much more attractive with the stock below $15.50.
Based on a conservative cash flow multiple of 9.5 (reflecting its strong organic growth profile and track record of generous capital returns to shareholders), I see a fair value for the stock of $20.40 (FY2023 estimates: $2.15).
This points to a 32% upside from current levels, but investors can expect closer to a 37% total return when incorporating buybacks and dividends.
So, with SSRM set up for a better year and sentiment in the gutter, I would view further weakness below $14.90 as a buying opportunity.
While there are several names to choose from to play the recovery in the gold price, I see SAND and SSRM as two of the more undervalued names, with SAND being a clear example of a massive valuation disconnect.
In summary, I see SAND as a Buy below $5.20 per share and SSRM as a buy below $14.90 per share.
Disclosure: I am long SAND
Taylor DartINO.com Contributor
Disclaimer: This article is the opinion of the contributor themselves. Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information in this writing. Given the volatility in the precious metals sector, position sizing is critical, so when buying small-cap precious metals stocks, position sizes should be limited to 5% or less of one’s portfolio.

Solar tracking systems and related products manufacturer and supplier Array Technologies, Inc. (ARRY) surpassed the consensus revenue and EPS estimates for the third quarter of fiscal 2022 by 29.8% and 77.4%, respectively.
The company reported revenue of $515 million, compared to $188.70 million in the prior-year period. The revenue growth was driven by the acquisition of STI Norland and strong organic growth within its legacy Array business.
The company’s net income came in at $28 million compared to an adjusted net loss of $11.80 million in the year-ago quarter. Net income per share came in at $0.18 versus an adjusted net loss per share of $0.09 a year ago.
Additionally, ARRY produced $102 million of free cash flow during the quarter, allowing the company to pay down its revolving credit facility fully. At quarter-end, the company had access to $166.6 million of the revolving facility and $62.8 million of cash for total liquidity of $229 million, excluding the additional preferred share availability of $100 million.
“Overall, our performance in the third quarter demonstrates not only the strength of customer demand for our product and service offerings but also the continued effects of our focused efforts to improve our operational execution in all aspects of the business,” said ARRY’s CEO, Kevin Hostetler.

On August 16, 2022, the Inflation Reduction Act was passed by Congress and signed into law by President Joe Biden. It represents a significant investment by the federal government in renewable energy and related technologies. It includes tax incentives that will spur domestic solar manufacturing.
The IRA is expected to allow the U.S. solar market to grow 40% through 2027, equal to 62 gigawatts (GW) of additional solar capacity, according to forecasts in the U.S. Solar Market Insight Q3 2022 report released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business.
“This report provides an early look at how the Inflation Reduction Act will transform America’s energy economy, and the forecasts show a wave of clean energy and manufacturing investments that will uplift communities nationwide,” said SEIA President and CEO Abigail Ross Hopper.

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Shares of ARRY have gained 23.6% over the past month and 94.9% over the past six months to close the last trading session at $21.61. The stock is currently trading above its 50-day and 200-day moving averages of $17.74 and $13.97, respectively.
Source: MarketClub
Here is what could influence ARRY’s performance in the upcoming months:
Positive Recent Developments
On November 7, ARRY was awarded a contract to supply its DuraTrack® solar trackers for EDF Renewables North America, one of North America’s largest renewable energy developers. The company will supply its DuraTrack® solar trackers to an over 750 megawatt (MWdc) Ohio project on nearly 4,500 acres of land.
ARRY’s CEO, Kevin Hostetler, said, “By winning this project, Array is further solidifying its position as a leader in the utility-scale solar industry and demonstrating our ability to deliver quality products on time for our customers consistently.”
In September, ARRY launched its two newest product offerings, Array OmniTrack™ and Array STI H250. Launching these product families expands the company’s existing line of DuraTrack® products. ARRY’s broad portfolio of innovative product offerings continues to meet the growing demand for utility-scale solar energy installations.
Robust Financials
For the fiscal 2022 third quarter ended September 30, 2022, ARRY’s revenues increased 173% year-over-year to $515.02 million, while its gross profit grew 1,269.4% from the year-ago value to $80.22 million. The company’s income from operations came in at $18.52 million, compared to a loss from operations of $19.52 in the prior-year period.
Furthermore, the company’s adjusted EBITDA stood at $55.42 million, up 1,526.1% year-over-year. Its net income was $28 million compared to an adjusted net loss of $11.80 million during the same period in the previous year, while its net income per share was $0.18 versus an adjusted net loss per share of $0.09 during the last year’s quarter.
Favorable Analyst Estimates
Analysts expect ARRY’s revenue for the fiscal 2022 fourth quarter (ending December 2022) to come in at $345.21 million, indicating an increase of 57% from the prior-year period. The consensus EPS estimate of $0.11 for the ongoing quarter indicates a 283.3% year-over-year increase.
Moreover, the company has an impressive earnings surprise history since it surpassed the consensus EPS estimates in three of the trailing four quarters.
In addition, analysts expect ARRY’s revenue and EPS for the current fiscal year to increase by 85.5% and 414.3% from the previous year to $1.58 billion and $0.36, respectively. Also, the company’s revenue and EPS for the next year are expected to rise 21.7% and 177.8% year-over-year to $1.93 billion and $1, respectively.
Technical Indicators Show Promise
In addition to looking attractive from the fundamental point of view, ARRY shows strong trends, which makes it a solid stock to buy now.
According to MarketClub’s Trade Triangles, ARRY has been trending UP for all the three-time horizons. The long-term trend for ARRY has been UP since June 6, 2022, its intermediate-term trend has been UP since October 31, 2022, and its short-term trend has been UP since November 9, 2022.
Source: MarketClub
The Trade Triangles are our proprietary indicators, comprised of weighted factors that include (but are not necessarily limited to) price change, percentage change, moving averages, and new highs/lows. The Trade Triangles point in the direction of short-term, intermediate, and long-term trends, looking for periods of alignment and, therefore, intense swings in price.

In terms of the Chart Analysis Score, another MarketClub proprietary tool, ARRY, scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend), indicating that the uptrend is likely to continue. While ARRY shows intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

The Chart Analysis Score measures trend strength and direction based on five different timing thresholds. This tool considers intraday price action; new daily, weekly, and monthly highs and lows; and moving averages.
Click here to see the latest Score and Signals for ARRY.
What’s Next for Array Technologies, Inc. (ARRY)?
Remember, the markets move fast and things may quickly change for this stock. Our MarketClub members have access to entry and exit signals so they’ll know when the trend starts to reverse.
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Best,The MarketClub Team[email protected]