5 EV Charging Stocks to Buy Now

2. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 30

NIO Inc. (NYSE:NIO) is a manufacturer of smart EVs in China. The company also offers power solutions and charging services for its EVs. It is one of the most well-rounded EV charging stocks to buy now because of the vast range of products and services it offers, such as Power Home, a home charging solution, Public Charger, a public fast charging solution, and its electric vehicles, among others.

In January, NIO Inc. (NYSE:NIO) was upgraded to Buy, by analyst Neal Du at 86 Research.

CLSA analyst Soobin Park also holds a Buy rating on NIO Inc. (NYSE:NIO) shares as of this February. The analyst added that the company stands out in the EV sector with its scale production and innovative battery-swapping model.

There were 30 hedge funds long NIO Inc. (NYSE:NIO) in the third quarter, and 34 hedge funds long the stock in the second quarter. Their total stake values were $1.1 billion and $2.1 billion respectively.