5 EV Charging Stocks to Buy Now

3. ABB Ltd (NYSE:ABB)

Number of Hedge Fund Holders: 19

ABB Ltd (NYSE:ABB) is a manufacturer of electrification, industrial automation, and robotics and motion products for sale worldwide. The company offers EV charging infrastructure under its Electrification segment and is among the more diversified EV charging stocks to buy now.

This January, RBC Capital’s Sebastian Kuenne upgraded ABB Ltd (NYSE:ABB) shares to Outperform.

The company’s fourth quarter of 2021 earnings report shows an EPS of $1.33, beating estimates by $0.28. Its revenue was $7.57 billion, also beating estimates by $125.26 million.

For ABB Ltd (NYSE:ABB) as well, the number of hedge funds holding stakes in it in the third quarter was 19. Their total stake value was $721 million.

Artisan Partners, a high value-added investment management firm, mentioned ABB Ltd (NYSE:ABB) in its second-quarter 2021 investor letter. Here’s what they said:

ABB is a Swiss-based industrial conglomerate. Last year, new management launched a process to improve performance and focus company resources, and it’s paying off. During the quarter, the company reported terrific results exhibiting improvements over both last year’s depressed figures and over the 2019 revenue and profit run rate. Further, management announced plans to simplify the company’s structure by selling off or separately listing several of the company’s non-core businesses.”