12 Cheap EV Stocks to Buy According to Hedge Funds

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8. Blue Bird Corporation (NASDAQ:BLBD)

Forward P/E: 9.45

Number of Hedge Fund Holders: 25

Blue Bird Corporation (NASDAQ:BLBD) is an American bus manufacturing and technology company that ranks among cheap EV stocks to buy according to hedge funds. The company manufactures a variety of electric and low-emission school buses. In the first quarter of fiscal 2025, which ended on December 28, 2024, Blue Bird Corporation (NASDAQ:BLBD) delivered more than 130 electric buses and reported significant growth in EV orders. This growth is fueled by programs like the EPA’s Clean School Bus Program and various state and local initiatives. By February 2025, Blue Bird Corporation (NASDAQ:BLBD) had about 1,000 electric buses either sold or in its firm order backlog, which supports its 2025 EV sales targets.

The company is looking to expand its portfolio of zero- and ultra-low-emission commercial vehicles. At Work Truck Week 2025, Blue Bird Corporation (NASDAQ:BLBD) showcased its groundbreaking propane-powered Class 5-6 stripped chassis and an advanced electric step van. Blue Bird Corporation‘s (NASDAQ:BLBD) electric-powered stripped chassis is expected to be commercially available in the first quarter of 2026, which will be followed by the propane version in the second quarter of 2026.

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