Why These 15 Electric Vehicle Stocks Are Plunging in 2025

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2. KULR Technology Group Inc (NYSEAMERICAN:KULR)

Number of Hedge Fund Holders In Q4 2024: 6

KULR Technology Group Inc (NYSEAMERICAN:KULR) makes thermal management technologies for batteries, electronics, and other components.

The stock is down significantly so far in 2025 as KULR filed for an automatic mixed securities shelf. This signaled the company was raising more capital and diluting shares.

Later, the stock fell more after the unexpected resignation of the CEO and cutbacks in key development projects.

Plus, the company decided to allocate up to 90% of its surplus cash to Bitcoin investments. It also posted a net loss of $17.5 million in 2024.

The consensus price target of $5 implies 283.14% upside.

KULR stock is down 63.41% year-to-date.

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