Couche-Tard preps for an EV future

Article Excerpt

Alimentation Couche-Tard not only adapted to the pandemic—it thrived. And now, looking ahead, the company has set up the first test of an electric vehicle (EV) charger at one of its U.S. stores. Notably, Couche-Tard is the only convenience-store player with a major footprint in Norway, the global leader in EV sales. With the operation of chargers at its sites in that country, the company has gained valuable insight into how to attract customers and add revenue as more and more EVs roll out over the next few years. All in all, we think this retailer is well-positioned to keep prospering in its markets, and its share price has lots of room to move higher. We recommend the stock as a Power Buy. ALIMENTATION COUCHE-TARD, $52.88, is a buy. This retailer (Toronto symbol ATD; TSINetwork Rating: Average) (couchetard.com; Shares o/s: 1.0 billion; Market cap: $53.2 billion; Divd. yield: 0.8%) operates 14,008 convenience stores, mostly in North America and Europe. In the three months ended April 24, 2022,…

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