5 Best EV Charging Stocks According to Hedge Funds

3. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 19

NIO Inc. (NYSE:NIO) had 19 hedge funds long its stock in the second quarter. Their total stake value was $120.5 million.

On August 11, Edison Yu at Deutsche Bank maintained a Buy rating on NIO Inc. (NYSE:NIO) shares, alongside a $17 price target.

NIO Inc. (NYSE:NIO) is a Chinese EV maker. It also offers power and charging solutions and products, such as the NIO power charger.

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