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Volta Stock: Wall Street Thinks This EV Charging Stock Can More Than Triple

When it comes to investing catchphrases, “follow the money” is about as good as it gets. And when it comes to President Joe Biden’s $1.0-trillion infrastructure bill, one of the biggest spending categories is electric vehicle (EV) charging stations.

Recently, all 50 states submitted EV infrastructure deployment plans, which are required under the federal $5.0-billion EV charger program. The infrastructure plan also includes a $2.5-billion competitive grant program for meeting administration priorities.

The money will start to flow soon, so we’ll start to see a major deployment of EV charging stations over the next year or so.

One under-the-radar stock that could benefit from the rising demand for EV charging stations is Volta Inc (NASDAQ:VLTA).

About Volta Inc

This post appeared first on Profit Confidential.