10 Most Oversold EV Stocks to Buy According to Analysts

6. Honda Motor Co., Ltd. (NYSE:HMC)

% Decline Over 1 Year: ~24.1%

Average Upside Potential: ~32.4%

Number of Hedge Fund Holders: 14

Honda Motor Co., Ltd. (NYSE:HMC) is engaged in developing, manufacturing, and distributing motorcycles, automobiles, power, and other products. The company’s consolidated sales revenue for the 9 months ended December 31, 2024 went up by 8.9% to JPY 16,328.7 billion as compared to the same period last year mainly because of higher sales revenue in Motorcycle business and positive foreign currency translation effects. Honda Motor Co., Ltd. (NYSE:HMC)’s operating profit was mainly aided by higher profit attributable to price and cost impacts, which was partially offset by lower profit attributable to sales impacts and higher research and development expenses.

Analyst Elizabelle Pang from DBS remains optimistic about the company’s growth prospects as a result of a healthy market position and growth potential in the broader EV sector. Honda Motor Co., Ltd. (NYSE:HMC)’s strategic partnerships with established players such as GM and alliances with critical partners in battery and ADAS development place the company well in the emerging EV market. Also, EV Design & Manufacturing (EVDM) stated that Honda Motor Co., Ltd. (NYSE:HMC) is investing in enhancing its EV production operation in North America in a bid to strengthen its supply system. The company is establishing an EV Hub which will commence production of EVs along with existing ICE and hybrid-powered vehicles.