Automotive trends are changing in favor of a global shift towards renewable power, but that doesn’t mean we are short of legitimate investment opportunities in the traditional mobility market. EzFill (NASDAQ: EZFL), is a company that specializes in mobile re-fueling, circumventing the need for gas stations with roadside assistance; increasing efficiency, spatial logistics, and ease for the consumer.
This isn’t hugely popular…yet. Looking at emerging data, gas stations are decreasing in the US, with arguments surfacing that re-fueling trends might well be changing in favor of Ezfill – so should you snap up this penny stock?
EzFill is making promising ground, and the market is reacting. Today, EZFL reached gains of 10% before retracing slightly at around 7-8%. The price jump was a welcomed response to EzFill’s fleet agreement with Cool Air USA; a specialist in air conditioning across the Miami area. The partnership comes swiftly after the company announced the completed asset acquisition of Full Service Fueling Inc, a mobile fuel delivery service.
Mike McConnell, CEO of EzFill, expresses his excitement regarding the Cool Air partnership:
“We are pleased to offer our industry-leading mobile fuel delivery service to Cool Air USA, an established brand with a significant number of trucks operating throughout South Florida…As we continue to expand to new markets beginning with West Palm Beach this month, EzFill will be ideally positioned to service companies like Cool Air that operate in multiple locations.”
A further reason to pay attention to EzFill, Maxim initiated coverage on the company; issuing a Buy rating with a price target of $3. All in all, EzFill looks incredibly well-positioned to capitalize on the changing re-fueling trend as one of the key industry leaders in the US. Currently priced at just $1.07, the upside for EZFL looks alluring.
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Oliver is a financial writer and analyst specialising in the US stock market, with years of personal experience in understanding micro/macroeconomic structures, market trends and fundamental analysis.