5 Best EV Stocks To Buy For The Long Term

Page 5 of 5

1. Blink Charging Co. (NASDAQ:BLNK)

Average Analyst Price Target Upside: 160.13%

Number of Hedge Fund Holders: 7

Blink Charging Co. (NASDAQ:BLNK) is one of the biggest EV charging companies in the US. The company deployed or sold 23,347 EV charging stations in 2023. In the fourth quarter of 2023, 7 hedge funds held positions in the company, the same as the preceding quarter. However, the total stake value increased to $4.119 million in Q4, compared to $3.8 million in the third quarter of 2023. As of December 31, 2023, Daniel S. Och’s Sculptor Capital is the most dominant shareholder in Blink Charging Co. (NASDAQ:BLNK) with 429,500 shares worth $1.456 million.

Blink Charging Co. (NASDAQ:BLNK) takes the top spot on our list of best EV stocks to buy for the long term as it has been covered by 6 Wall Street analysts over the last three months, and their average price target of $7.83 shows a 160.13% upside to its current price of $3.01 on March 28.

Follow Blink Charging Co. (NASDAQ:BLNK)

Should you invest $1,000 in Blink Charging Co. (NASDAQ:BLNK) right now?

Before you buy stock in BLNK, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and BLNK wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

Quarterly Newsletter is your easy-to-follow blueprint for building a winning portfolio.  It includes stock picks from billionaires, regular updates from hedge fund investor letters, and 14 fresh stock picks each quarter. The Quarterly Newsletter service has more than doubled the return of S&P 500 since 2014.

See the 14 stocks

Disclosure: None. You can also look at the 25 Best Cities in US with Great Weather for Retirees and Jorge Paulo Lemann’s Hedge Fund 3G Is Betting On These Stocks.

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.

Page 5 of 5