How to buy Gogoro (GGR) shares
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This page explains everything you need to know before investing in Gogoro stock. We explain what the company does, offer a step-by-step guide on how to buy its shares, and compare the best brokers to use to make your purchase. Continue reading to learn more about GGR.
Where to buy Gogoro stock
If you want to buy Gogoro stock you’ll need to use an online broker. Our investment experts have found the best platforms around where you can buy GGR shares. Click on any of the links in the table below to register in just a few minutes.
77% of retail CFD accounts lose money.
How to buy Gogoro stock, a step-by-step guide
Follow the steps below to complete your investment in Gogoro stock. The process is easy so don’t worry if you’re new to investing and will take just a few minutes.
Choose a broker and create an account
To get started you’ll need to choose a broker. You can check out the comparison table above to help you decide. When you’ve selected a broker head over to their website and follow the steps to create an account.
Decide how much to invest
Before you make your investment you should set a budget. Newer companies like Gogoro can be risky with lots of competitions. It’s a good idea to spread your money across a few investments and it goes without saying to never risk more than you can afford to lose.
Research Gogoro and its potential
Before you buy GGR stock you’ll want to take the time to research it. You can look at things like its financial reports to gauge how well it’s performing. It operates in the EV sector with lots of new and established companies, so you should also consider what sets it apart from its competitors.
Place an order for GGR stock
Head over to your brokerage account and search for Gogoro stock by entering its ticker symbol, GGR. You will be taken to its trading page where you can see its most recent price. If you’re happy with its price, choose the amount of shares you want to buy and click the order button.
Execute your order
Your position will either be executed immediately or there may be a delay. There will only be a delay if you place your order outside of market hours. One it’s live you’ll be able to monitor it in the open positions section of your brokerage account.
Review your investment regularly
It’s a good idea to regularly check how well your Gogoro position is performing. New companies tend to experience a lot of volatility so you could consider using a stop loss. This will automatically close your position if the market moves to a predetermined level.
What is Gogoro? And should I invest?
It’s an electric scooter manufacturer and battery swapping network. You may want to consider investing in it, although it’s a new company operating in a highly competitive market and is higher risk than other similar companies. Headquartered in Taiwan and founded in 2011, it made its debut on the NASDAQ in 2022 following a merger with Poema Global.
Gogoro initially was formed by two friends selling e-bikes, but more recently has built a battery swapping network consisting of over 2000 stations in Taiwan. Scooter or motorbike riders can pull up to a station and swap their lunchbox sized batteries and continue their journeys in a matter of minutes.
Its accomplishment of developing a vast network of stations is what has drawn interest from investors and new partners. Through strategic alliances with companies like Yamaha and Hero Motocorp, Gogoro has been able to expand its business throughout Asia into China, Indonesia, and India.
How has the company performed in recent years?
Gogoro has been around for over a decade but only recently started trading on the stock market. As a result, there isn’t much historical market performance to analyse. On its first day of trading in April 2022, its share price jumped 10% as new money was pumped into the company.
However, its first day rally was short lived. A few days later its stock price plummeted after Japanese motorcycle heavyweights announced plans to build their own battery swapping network. Honda, Yamaha, Suzuki and Kawasaki unveiled their own battery swapping program called Gachaco, which industry experts believe to be similar to Gogoros network. Following news of a competing service, shares in Gogoro dropped over 20%.
Is it a good time to buy Gogoro shares now?
Yes it could be, but you need to weigh up the risks involved. On the plus side it already offers a leading service in Asia, including large markets like China and India. In Taiwan alone, it has over 2000 stations. It has partnerships with other scooter and motorbike manufacturers who use its technology to develop their own vehicles. If it can grow its network, then investing now at an early stage could pay off.
On the flip side, it’s a relatively new company that has already attracted competition from well known two wheel manufacturers like Honda and Yamaha. These more established businesses may be in a better position to move forward with battery swapping stations at a faster pace than Gogoro.
Investing in the EV sector can pay big rewards, but it’s a fast moving industry and keeping up to date with the latest news is helpful. Check out the links below for the latest developments and analysis.
Ways to invest in GGR
- Buy Gogoro shares. Buying Gogoro shares is the easiest way to invest in it. When you buy shares you’ll own a piece of the business and your investment will rise and fall in line with its performance.
- Invest in Gogoro ETFs. If you don’t want to invest directly in Gogoro you could consider buying shares in an ETF. You’ll want to find an ETF that is focused on the electric vehicle market as that’s where GGR operates.
- Invest in Gogoro funds or trusts. Funds are similar to ETFs and the main difference is they are managed by a professional who buys and sells assets according to their own experience.
- Trade Gogoro. It’s a new company so that means it will likely experience a lot of volatility and make for good trading conditions. Learning how to read a price chart and studying technical analysis is a good way into trading.
- Spread betting. Spread betting is a cost effective way to make trades on GGR stock. With spread betting you can bet on a stock to rise or fall in price and you don’t actually own any shares. All profits are tax free when spread betting
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