5 Best EV Charging Stocks According to Hedge Funds

4. Lucid Group Inc. (NASDAQ:LCID)

Number of Hedge Fund Holders: 18

Based in Newark, California, Lucid Group Inc. (NASDAQ:LCID) is an EV manufacturing company. It has also been working on installing a nationwide EV charging network for its vehicles since 2023.

Chris Pierce at Needham holds a Buy rating and a $9 price target on Lucid Group Inc. (NASDAQ:LCID) shares as of August 8.

In total, 18 hedge funds were long Lucid Group Inc. (NASDAQ:LCID) in the second quarter, with a total stake value of $98.9 million.

Follow Lucid Group Inc.