Inside reports sent to us at Morning Margins have implied that Spartan Energy (SPAQ) will be partnering with an extremely well known electric car production company later this week.
There was little information as to which company, but it does seem plausible considering SPAQ and their inclination to get into the electric vehicle industry.
Now whether this deal actually goes through or not, we will of course default to out usual motto.
Buy The Hype, Sell The News
If an announcement does come out, the price per stock will explode. Possibly in less than 48 hours.
Spartan Energy stock has been coasting at just over $10 for over 3 months now. Fairly priced, with little to no chance of an extreme price drop. The lowest this stock has ever been is $9.65.
There is not a lot of risk here. However the reward could be astronomical.
If a possible partnership is announced retail investors will flock to Spartan Energy stock to buy shares. Especially considering how popular electric car stocks are right now.
Our Advice On Spartan Energy Stock
There’s not a lot to lose here. As mentioned above the stock has held steady at around $10 for over 3 months so losing money is unlikely. While making a huge gain is a possibility.
We’re giving this one a 95% buy rating. Mostly because, why not?
That being said, if it does blow, be careful. Take your profits. Give yourself a pat on the shoulder. Then never look back.
About Spartan Energy
“Spartan Energy Acquisition Corp. operates as a special purpose acquisition company, which focuses on the energy industry in North America.
It involves in merger, capital stock exchange, asset acquisition, stock purchase, reorganization and similar business combination with one or more businesses.
The company was founded on October 13, 2017 and is headquartered in New York, NY.” – Courtesy of RobinHood