11 Small Cap EV Stocks to Invest In

7. Winnebago Industries, Inc. (NYSE:WGO)

Number of Hedge Fund Holders: 19

Winnebago Industries, Inc. (NYSE:WGO) is a prominent manufacturer in the North American outdoor lifestyle sector. It manufactures and produces a variety of products under renowned brands such as Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta. The diverse portfolio caters to leisure travel and outdoor recreation. It ranks 7th on our list of best small cap EV stocks to invest in.

In January 2023, the company unveiled its first fully operational all-electric RV, the eRV2, at the Florida RV SuperShow in Tampa. The innovative vehicle features a zero-emission powertrain that operates both the driving and living systems on electricity. The eRV2 includes elements made from recyclable and biodegradable materials, further enhancing its appeal to eco-conscious consumers.

Additionally, the RV boasts a 900-watt solar capacity and a 48V battery system, providing over 15,000 usable watt-hours, which makes it an attractive option for those seeking sustainable travel solutions.

Chris-Craft, another subsidiary of Winnebago (NYSE:WGO), also made headlines in February 2023 by unveiling the Launch 25 GTe, a fully operational, zero-emission electric concept boat.

The vessel aims to replace traditional engine and fuel systems with an electric motor and battery bank, which is a significant step for Chris-Craft as it aims to electrify the luxury boating experience.

In May 2023, the company completed the acquisition of Lithionics Battery, a premier provider of lithium-ion battery solutions. The acquisition was done to significantly enhance the company’s ability to innovate within the battery technology space, advancing its overall electrical ecosystem.

Furthermore, in February 2024, Winnebago (NYSE:WGO) announced a partnership with Xos, Inc., a leading manufacturer of electric commercial vehicles. Together, they are developing a fully electric chassis tailored for Winnebago’s Specialty Vehicles division, which has a long-standing history of producing commercial vehicles.

The collaboration uses Xos’s established battery and electronics technology, which supports Winnebago’s commitment to zero-emission solutions in commercial applications.

Winnebago (NYSE:WGO) was held by 19 hedge funds in the second quarter and the stakes amounted to $110.883 million. Punch Card Capital is the top shareholder of the company and has a position worth $54.014 million as of Q2.