5 Best Electric Vehicle Stocks to Buy Now

Page 5 of 5

1. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 75

General Motors Company (NYSE:GM) is another conventional automobile manufacturer that has begun manufacturing EVs such as the Chevrolet Bolt EV and the Bolt EUV. The company otherwise sells trucks, crossovers, cars, and automobile parts and accessories.

A Buy rating was kept on General Motors Company (NYSE:GM) shares on July 27, by analyst Michael Ward at Benchmark. Ward also placed a $60 price target on the stock.

This August, General Motors Company (NYSE:GM) reinstated its quarterly dividend at $0.09 per share. It also increased the company’s share buyback capacity to $5 billion of common stock, compared to the $3.3 billion figure previously set.

As of the close of the second quarter, 75 hedge funds were long General Motors Company (NYSE:GM). Their total stake value was $3.4 billion.

See also the 10 Best Gold Stocks To Buy Now and the 15 Largest Gambling Companies In The World.

Page 5 of 5