5 Best Small Cap Electric Vehicle Stocks to Buy

In this article, we will be taking a look at the 5 best small cap electric vehicle stocks to buy. To read our detailed analysis of the electric vehicle industry, you can go directly to see the 10 Best Small Cap Electric Vehicle Stocks to Buy.

5. Niu Technologies (NASDAQ:NIU)

Number of Hedge Fund Holders: 9

Market Capitalization as of July 28: $324.72 million

Niu Technologies (NASDAQ:NIU) is a manufacturer of smart electric scooters in China. It is based in Beijing.

Nine hedge funds were long Niu Technologies (NASDAQ:NIU) in the first quarter, with a total stake value of $10.6 million.

4. Proterra Inc. (NASDAQ:PTRA)

Number of Hedge Fund Holders: 10

Market Capitalization as of July 28: $334.51 million

Truist analyst Jordan Levy has a Buy rating on Proterra Inc. (NASDAQ:PTRA) shares as of May 10, alongside a $4 price target.

Proterra Inc. (NASDAQ:PTRA) provides commercial vehicles, such as electric buses, alongside battery systems and electrification solutions. It is based in Burlingame, California.

Proterra Inc. (NASDAQ:PTRA) was spotted in the 13F holdings of 10 hedge funds in the first quarter, with a total stake value of $16.9 million.

3. Hyzon Motors Inc. (NASDAQ:HYZN)

Number of Hedge Fund Holders: 10

Market Capitalization as of July 28: $460.44 million

We saw 10 hedge funds long Hyzon Motors Inc. (NASDAQ:HYZN) during the first quarter. Their total stake value was $2.3 million.

A Neutral rating was maintained on Hyzon Motors Inc. (NASDAQ:HYZN) by Michael Shlisky at DA Davidson on June 12.

Hyzon Motors Inc. (NASDAQ:HYZN) assembles heavy-duty hydrogen fuel cell EVs alongside providing decarbonized solutions for commercial vehicle markets and hydrogen supply infrastructure. It is based in Honeoye Falls, New York.

2. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)

Number of Hedge Fund Holders: 14

Market Capitalization as of July 28: $373.75 million

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) is a developer of electric vehicles and related products in the US. It is based in Gardena, California.

Our hedge fund data for the first quarter shows 14 hedge funds long Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE), with a total stake value of $2.3 million.

1. Fisker Inc. (NYSE:FSR)

Number of Hedge Fund Holders: 15

Market Capitalization as of July 28: $1.96 billion

Fisker Inc. (NYSE:FSR) develops, manufactures, markets, leases, and sells electric vehicles. It is based in Manhattan Beach, California.

A total of 15 hedge funds held stakes in Fisker Inc. (NYSE:FSR) in the first quarter. Their total stake value was $88.6 million.

As of May 10, Jamie Perez at RF Lafferty holds a Buy rating and a $12 price target on Fisker Inc. (NYSE:FSR) shares.

See also 11 Most Undervalued EV Stocks to Buy and 11 Cheap EV Stocks To Buy.