5 Best Electric Vehicle Stocks to Buy Now

3. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 46

Ford Motor Company (NYSE:F) is an automobile manufacturer providing Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles. The company operates through its Automotive, Mobility, and Ford Credit segments.

A Buy rating was reiterated on Ford Motor Company (NYSE:F) shares by Michael Ward, an analyst at Benchmark, on August 1. The analyst also placed a $23 price target on the stock.

Ford Motor Company (NYSE:F) had an EPS of $0.7 in the second quarter, beating estimates by $0.2. The company’s revenue was $37.9 billion, also beating estimates by $2.7 billion. Ford Motor Company’s (NYSE:F) EPS is expected to grow by 52% over the next three to five years.

Ford Motor Company (NYSE:F) had 46 hedge funds long its stock in the second quarter. Their total stake value was $608.8 million.