Top 5 EV Penny Stocks Under $1

3. Xos, Inc. (NASDAQ:XOS)

Price Per Share: $0.25

California-based Xos, Inc. (NASDAQ:XOS) sells battery electric commercial vehicles. In May the company posted first quarter results. GAAP EPS in the first quarter came in at -$0.14, missing estimates by $0.02. Revenue in the quarter fell about 32.9% year over year to $4.7 million, missing estimates by $4.33 million.

A total of 7 hedge funds tracked by Insider Monkey had stakes in Xos, Inc. (NASDAQ:XOS).