5 Best EV Stocks For The Long Term

Page 5 of 5

1. Electrameccanica Vehicles Corp. (NASDAQ:SOLO)

Mean Analyst Recommendation: 1.50

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) is a Canadian firm headquartered in Burnaby, Canada. The firm makes and sells electric vehicles in its home country.

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) was forced to recall 428 electric vehicles in February 2023 due to propulsion system problems. Insider Monkey dug through 943 hedge fund portfolios for their fourth quarter of 2022 investments and found out that six had bought the firm’s shares.

Out of these, Electrameccanica Vehicles Corp. (NASDAQ:SOLO)’s largest investor is Israel Englander’s Millennium Management which owns 536,737 shares that are worth $324 million.

Follow Electrameccanica Vehicles Corp.

Disclosure: None. You can also take a look at 10 High-Growth Lithium Stocks to Buy and 10 Best Stocks to Buy for Investment.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below

Follow Insider Monkey on Twitter

Page 5 of 5