5 Best Environmental Stocks to Invest In

2. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 46

Ford Motor Company (NYSE:F) is making efforts to establish a dominant presence in the EV space. This March, the company announced that it plans to go all-electric in Europe by 2030. The company is developing and releasing EV models and currently, its most popular battery-electric vehicles are the Ford F-150 Lightning, the Ford Focus Electric, and the Ford Mustang Mach-E.

On June 22, Ford Motor Company (NYSE:F) announced that it has selected its assembly site in Europe and announced that its next-generation electric vehicles will be assembled at its plant in Valencia, Spain. The company plans to sell 600,000 electric vehicles annually in Europe by 2026.

Ford Motor Company (NYSE:F) is a top environmental automobile stock pick to consider for investors looking to make their portfolios ESG-friendly as the company is experiencing strong demand for its vehicles, and more importantly its electric vehicles. On July 5, the company released sales data for the month of June and reported that it delivered 152,262 vehicles in the month, up 31.5% year over year. The company noted the majority of its sales came from the F-Series, Explorer, Expedition, and its battery-electric vehicles. The company also reported that its F-150 Lightning truck was America’s best-selling vehicle in its category in June.

At the end of Q1 2022, 46 hedge funds held stakes in Ford Motor Company (NYSE:F) worth $1.23 billion. Of these, D E Shaw was the most prominent stakeholder in the company with stakes worth $528.36 million.

Here is what Baron Funds had to say about Ford Motor Company (NYSE:F) in its first-quarter 2022 investor letter:

Ford (NYSE:F) is another example of typical industrial manufacturing business executive mindsets. The April 18, 2022, Bloomberg Businessweek cover story features Ford CEO Jim Farley behind the wheel of an electrified Ford F-150 Lightning. The article is titled, “Hey Elon, THIS is a truck.” I thought the article was terrific. One idea especially stood out to me. Since the F-150 is such a popular vehicle, it “argued for a gradual approach to electrification. Essentially the company retrofitted an existing F-150 with an electric powertrain rather than develop an entirely new truck.” No all-in financial and operation bet by this company on electrification.”