10 Most Popular EV Stocks Among Famous Hedge Funds

7. XPeng Inc. (NYSE:XPEV)

Number of Hedge Fund Holders: 25

On December 6, Morgan Stanley analyst Tim Hsiao classified XPeng Inc. (NYSE:XPEV) as a “Research Tactical Idea”, predicting that the share price will rise in absolute terms over the next 15 days. With a compelling short-term valuation, the analyst believes the dual listing in Hong Kong of XPeng Inc. (NYSE:XPEV) should allow the risk of disrupted operations and lack of funding to be hedged. He stated the company’s fundamentals “remain solid” and kept an Overweight rating on the shares with a HK$275 price target.

XPeng Inc. (NYSE:XPEV), on November 23, announced earnings for the third quarter. EPS in the period totaled -$0.28, beating estimates by $0.06. The quarterly revenue amounted to almost $895 million, increasing 197.34% year-over-year, exceeding estimates by $75 million.

XPeng Inc. (NYSE:XPEV) is a Chinese EV manufacturer from Guangzhou, focused on extensive research and development to create smart electric vehicles since its inception in 2015. 

In Q3 2021, 25 hedge funds reported owning stakes in XPeng Inc. (NYSE:XPEV), amounting to $657.1 million. This is compared to 19 funds being bullish on XPeng Inc. (NYSE:XPEV) in the preceding quarter, holding total stakes valued at $784.6 million. 

Philippe Laffont’s Coatue Management is the biggest XPeng Inc. (NYSE:XPEV) stakeholder in the third quarter, holding 9.64 million shares worth $342.73 million.