In this article, we will be taking a look at the 5 best small cap electric vehicle stocks to invest in. To read our detailed analysis of the EV industry, you can go directly to see the 11 Best Small Cap Electric Vehicle Stocks to Invest In.
5. Gogoro Inc. (NASDAQ:GGR)
Number of Hedge Fund Holders: 10
Market Capitalization: $500.6 million
Gogoro Inc. (NASDAQ:GGR) is a motorcycle manufacturer that delivers swappable electric fuel and operates a platform for battery swapping networks. It is based in Taiwan.
On December 13, Bill Lin at JP Morgan placed a Neutral rating and a $2.20 price target on Gogoro Inc. (NASDAQ:GGR).
A total of 10 hedge funds were long Gogoro Inc. (NASDAQ:GGR) in the third quarter, with a total stake value of $26.9 million.
Follow Gogoro Inc.
Follow Gogoro Inc.
4. Canoo Inc. (NASDAQ:GOEV)
Number of Hedge Fund Holders: 11
Market Capitalization: $164.3 million
A Buy rating was maintained on Canoo Inc. (NASDAQ:GOEV) by J. Bruce Chan at Stifel on January 23.
Canoo Inc. (NASDAQ:GOEV) was found in the portfolios of 11 hedge funds in the third quarter, with a total stake value of $11.5 million.
Canoo Inc. (NASDAQ:GOEV) develops electric vehicles for commercial and consumer markets. It is based in Torrance, California.
Follow Canoo Inc.
Follow Canoo Inc.
3. Polestar Automotive Holding UK PLC (NASDAQ:PSNY)
Number of Hedge Fund Holders: 11
Market Capitalization: $804.9 million
We saw 11 hedge funds long Polestar Automotive Holding UK PLC (NASDAQ:PSNY) in the third quarter, with a total stake value of $12.2 million.
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is a Swedish automobile manufacturer. It manufactures premium electric vehicles for sale.
Cantor Fitzgerald’s Andres Sheppard reiterated an Overweight rating and a $5 price target on Polestar Automotive Holding UK PLC (NASDAQ:PSNY) on January 12.
Follow Polestar Automotive Holding Uk Plc
Follow Polestar Automotive Holding Uk Plc
2. Fisker Inc. (NYSE:FSR)
Number of Hedge Fund Holders: 14
Market Capitalization: $398.9 million
Fisker Inc. (NYSE:FSR) is a manufacturer and marketer of electric vehicles. It is based in Manhattan Beach, California, and is known for its development and design of EVs in specific segment sizes.
There were 14 hedge funds long Fisker Inc. (NYSE:FSR) in the third quarter, with a total stake value of $101.2 million.
A Buy rating and a $4 price target were placed on Fisker Inc. (NYSE:FSR) on December 8 by Citigroup’s Itay Michaeli.
Follow Fisker Inc. (NYSE:FSRN)
Follow Fisker Inc. (NYSE:FSRN)
1. Blue Bird Corporation (NASDAQ:BLBD)
Number of Hedge Fund Holders: 22
Market Capitalization: $983.7 million
Blue Bird Corporation (NASDAQ:BLBD) is a construction machinery and heavy transportation equipment company. It manufactures and sells conventional school buses alongside electric school buses.
Adam Seiden at Barclays holds an Overweight rating on Blue Bird Corporation (NASDAQ:BLBD) alongside a $35 price target as of February 8.
Blue Bird Corporation (NASDAQ:BLBD) had 22 hedge funds long its stock in the third quarter, with a total stake value of $90.7 million.
Follow Blue Bird Corp (NASDAQ:BLBD)
Follow Blue Bird Corp (NASDAQ:BLBD)
See also 12 Best EV Stocks To Buy For 2024 and 10 Best EV Battery Stocks To Buy in Late 2023.
