On March 4, Tom Lee, Fundstrat, joined ‘Closing Bell’ on CNBC to discuss the latest market price action. He observed that while recent headlines regarding potential US conflicts have been scary, the markets are handling the news better than many had expected. Lee suggested that the current environment shows the makings of a bottom. He noted that bad news is being taken in stride and that a position reset has occurred, which he believes will create opportunity on the other side of the current volatility.
Regarding specific signs, Lee pointed to two technical indicators. First, he referenced a potential spike in the VIX to over 40, followed by a retracement, similar to the action seen in April; he noted that while the VIX reached 80 last year, he does not expect it to reach that level again. Second, he suggested that a washout would be confirmed if a new scary headline causes gold to sell off while stocks simultaneously turn green, indicating that the market has finished de-risking. He tells the interviewer that he believes the market is pretty close to this point.
Additionally, addressing the AI trade and the return of MAG7 stocks as safe havens, Lee asserted that March marked the beginning of a bottom for software, the MAG7, and cryptocurrencies, which he believes were 90% through their declines. He concluded that these sectors are showing leadership and possess strong fundamental stories and noted that even in the event of global trade disruptions, the need for AI and the MAG7 remains.
That being said, we’re here with a list of the 11 best EV stocks to buy according to analysts.
Our Methodology
We used screeners to identify EV stocks with an average upside potential of at least 30%, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on March 4.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
11 Best EV Stocks to Buy According to Analysts
11. Nuvve Holding Corp. (NASDAQ:NVVE)
Nuvve Holding Corp. (NASDAQ:NVVE) is one of the best EV stocks to buy according to analysts. Earlier on January 26, Nuvve Denmark ApS (which is a subsidiary of Nuvve Holding) and the Nordic energy storage company Capture Energy AB signed a framework agreement to deploy Battery Energy Storage Systems/BESS across Europe. This long-term collaboration formalizes the principles for their continued relationship and begins with an initial $5 million contract.
Under this first phase, Capture Energy will provide turnkey solutions for three projects Nuvve is currently developing in Denmark alongside E&B Renewables. Capture Energy is responsible for the design, installation, and commissioning of its containerized PowerBox LC units, which use liquid-cooling technology to maintain stable battery temperatures and extend hardware lifespan.
These first three sites are expected to be operational by the summer of 2026, with Capture Energy providing maintenance services for the next decade. The modular nature of these systems allows Nuvve to implement a cookie-cutter approach, streamlining the scaling of virtual power plants managed by the Nuvve platform. Looking beyond the initial rollout, both parties are currently negotiating three additional 10MW projects as part of their broader expansion strategy.
Nuvve Holding Corp. (NASDAQ:NVVE) is a green energy technology company that provides a commercial V2G technology platform. It offers a Grid Integrated Vehicle platform, which enables EV batteries to store and resell unused energy back to the local electric grid and provide other grid services.
10. Beam Global (NASDAQ:BEEM)
Beam Global (NASDAQ:BEEM) is one of the best EV stocks to buy according to analysts. On February 12, Beam Global announced a strong start to 2026 with over $1 million in smart cities infrastructure sales generated within a single week across the Balkans. The sales include a variety of essential infrastructure solutions, such as public lighting systems, telecommunication towers, and transportation-supporting technology. These orders span several countries, specifically targeting projects in Romania, Croatia, Bosnia and Herzegovina, and Serbia.
The current expansion reflects the company’s focus on diversifying its product portfolio and growing its international presence following recent European acquisitions. Specific projects under this sales surge include infrastructure for railway operations in Croatia, advanced traffic portals in Romania, and telecom systems in Serbia. This growth shows that Beam Global’s move into established infrastructure markets is meeting long-term demand for electrified and sustainable urban solutions.
The CEO noted that these results validate the company’s decision to invest in innovative products for the smart cities sector, which is projected to reach $408.4 billion globally by 2030. By executing sales in the Balkan region, Beam Global (NASDAQ:BEEM) is positioning itself as a key provider of the foundational hardware required for modern urban electrification and energy security.
Beam Global (NASDAQ:BEEM) is a clean-technology innovation company that designs, develops, engineers, manufactures, and sells renewably energized infrastructure products and battery solutions in the US and Romania.
9. Wallbox (NYSE:WBX)
Wallbox (NYSE:WBX) is one of the best EV stocks to buy according to analysts. On March 4, Wallbox announced its earnings results for Q4 and the full-year 2025. For Q4, the company generated €33.7 million in revenue with a gross margin of 37.3%, reflecting a 546 basis point year-over-year improvement. Adjusted EBITDA loss for the period was €7.3 million, which was still a 46% improvement year-over-year, supported by a 23% reduction in labor and operating costs.
Key business milestones included the introduction of the Supernova PowerRing, a DC fast-charging system capable of 400 kW per outlet, and a preliminary agreement with banking partners and shareholders to renew the company’s capital structure. For the full year, Wallbox reported total revenue of €145.1 million and the delivery of 144,000 charging units, including 536 DC fast chargers. The company saw 18% growth in Software, Services, and Other revenue, alongside a 16% increase in North American revenue.
The company’s CEO characterized 2025 as a year of disciplined transformation focused on efficiency despite a volatile EV market. Looking ahead to Q1 2026, Wallbox (NYSE:WBX) expects revenue between €33 million and €36 million, gross margins between 38% and 40%, and an Adjusted EBITDA loss between €5 million and €3 million.
Wallbox (NYSE:WBX) is a technology company that designs, manufactures, and distributes charging solutions for residential, business, and public applications in Europe, the Middle East, Asia, North America, and the Asia Pacific.
8. Blink Charging Co. (NASDAQ:BLNK)
Blink Charging Co. (NASDAQ:BLNK) is one of the best EV stocks to buy according to analysts. On March 4, Blink Charging Co. and Korian Belgium entered into a strategic collaboration to deploy a nationwide EV charging network across 90 Korian locations throughout Belgium. Under this agreement, Blink will invest in and install over 200 charging ports, creating one of the largest EV charging infrastructures within the Belgian elderly care sector.
This project follows a fully financed investment model where Blink Charging Co. (NASDAQ:BLNK) remains responsible for the entire lifecycle of the chargers, including installation, operations, maintenance, and support, while providing Korian with a recurring income stream without upfront costs. By integrating smart charging technology and 24/7 customer support, the partnership aims to enhance the convenience of sustainable mobility at nursing homes and office locations.
The rollout has already commenced with three sites currently live, and the companies expect to have the majority of the planned countrywide network installed by the end of 2026. This partnership aligns with Korian’s Corporate Social Responsibility strategy and its mission to bring heightened accessibility to the families and professionals at its facilities. Beyond the current expansion in Belgium, the companies have indicated plans for a similar rollout for Korian locations in the Netherlands.
Blink Charging Co. (NASDAQ:BLNK), through its subsidiaries, owns, operates, manufactures, and provides EV charging equipment and networked EV charging services in the US and internationally.
7. Innoviz Technologies Ltd. (NASDAQ:INVZ)
Innoviz Technologies Ltd. (NASDAQ:INVZ) is one of the best EV stocks to buy according to analysts. On March 3, Innoviz Technologies and Dataspeed Inc. announced a strategic collaboration to integrate InnovizSMART LiDAR sensors into Dataspeed’s drive-by-wire vehicle platforms. This partnership focuses on the distribution and seamless technical integration of high-performance sensing solutions across North America.
The initiative targets demanding industries like defense, agriculture, mining, automotive, and off-highway sectors, where autonomous research and deployment are rapidly expanding. The primary technical objective of this integration is to overcome environmental challenges that typically degrade sensor performance, such as mud, dirt, condensation, and airborne debris. InnovizSMART technology is engineered with native resilience to optical blockages, allowing it to maintain long-range, high-resolution 3D data even when the sensor window is partially obstructed.
By combining this hardware with Dataspeed’s control architecture, the partnership ensures that autonomous perception systems remain reliable in rugged terrains like forests, open-pit mines, and mountains. Moving forward, the joint effort will deliver purpose-built autonomous vehicles that benefit from direct integration between Innoviz Technologies Ltd.’s (NASDAQ:INVZ) resilient sensing and Dataspeed’s drive-by-wire systems.
Innoviz Technologies Ltd. (NASDAQ:INVZ) manufactures and sells automotive-grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale.
6. American Battery Technology Company (NASDAQ:ABAT)
American Battery Technology Company (NASDAQ:ABAT) is one of the best EV stocks to buy according to analysts. On February 6, American Battery Technology released its financial results for FQ2 2026. The company reported $4.8 million in revenue from operations, representing a year-over-year increase of over 1,300%. For the first time, the combined revenue and interest income of $5.1 million exceeded the cash cost of goods sold, which sat at $4.9 million.
In its recycling division, revenue growth was driven by increased processing volumes of high-value materials, such as batteries from EVs and energy storage systems. The company’s Nevada facility, permitted under CERCLA in early 2025, is now a primary revenue driver. American Battery Technology is also accelerating the design of a second recycling facility in the Southeast US, which is planned to have five times the capacity of its current site. Recent progress includes the development of supply chain agreements with OEM partners for material supply and offtake at this future location.
Regarding primary lithium manufacturing, the Tonopah Flats Lithium Project was designated as a Fast-41 Covered Project to accelerate federal permitting. The company completed all baseline studies for the NEPA review process and published a Pre-Feasibility Study in October 2025. This study outlines a 45-year mine life with a projected annual production of 30,000 tonnes of lithium hydroxide monohydrate at a production cost of $4,307 per tonne. American Battery Technology Company (NASDAQ:ABAT) is currently scaling its claystone pilot plant into a commercial refinery and has moved into the development phase of its Definitive Feasibility Study.
American Battery Technology Company (NASDAQ:ABAT) operates as a battery materials company in the US. It explores for resources of battery metals, such as lithium, nickel, cobalt, & manganese; and develops & commercializes technologies for the extraction & refining of battery metals.
5. EVgo Inc. (NASDAQ:EVGO)
EVgo Inc. (NASDAQ:EVGO) is one of the best EV stocks to buy according to analysts. On March 3, EVgo reported record financial results for Q4 and the full-year 2025. Q4 revenue reached $118 million, which was a 75% increase year-over-year, while full-year revenue grew 50% to $384 million. Charging network revenue hit a record $64 million in the quarter. The company also achieved positive Adjusted EBITDA for both the quarter and the full year, reporting $24.9 million and $12.0 million, respectively.
Operationally, EVgo expanded its infrastructure by adding over 1,200 stalls in 2025, bringing its total to 5,100 operational stalls. Network throughput reached 99 GWh in Q4 and 366 GWh for the full year, representing a 32% annual increase. Average daily throughput per stall grew to 292 kWh in the final quarter. The company also reported reaching 1.6 million customer accounts and noted that its Autocharge+ feature initiated 30% of all charging sessions in Q4. Additionally, nearly 100 stalls were equipped with J3400 (North American Charging Standard) connectors by the end of the year.
For 2026, EVgo Inc. (NASDAQ:EVGO) initiated guidance projecting total revenue between $410 million and $470 million. The company expects Adjusted EBITDA to range between $(20) million and $20 million. Management highlighted plans for 2026 expansion with local retailers, including Kroger, and noted that 2025 results included a non-recurring ancillary contract closeout payment of $25.9 million.
EVgo Inc. (NASDAQ:EVGO) owns and operates a direct current fast charging network for EVs in the US. The company offers electricity directly to drivers, OEM charging & related services, fleet & rideshare public charging services, and commercial charging.
4. Gentherm Incorporated (NASDAQ:THRM)
Gentherm Incorporated (NASDAQ:THRM) is one of the best EV stocks to buy according to analysts. On February 19, Gentherm announced financial results for 2025, achieving a record annual product revenue of $1.5 billion. The company secured $2.2 billion in automotive new business awards and increased its operating cash flow by 7% to $116.8 million. The company is progressing on strategic initiatives like a planned combination with Modine Performance Technologies, expected to close by the end of 2026.
In Q4 alone, product revenues rose 8.5% year-over-year to $382.8 million, driven by an 11.1% increase in Automotive Climate and Comfort Solutions. However, net income fell to $3.0 million from $15.3 million in the previous year, and gross margin declined to 23.7% due to higher material costs and footprint realignment expenses. During this period, the company secured $485 million in new automotive awards and was selected by a second global furniture brand to provide comfort solutions starting in mid-2026. Adjusted diluted EPS for the quarter was $0.49, compared to $0.29 in the prior year.
Gentherm Incorporated (NASDAQ:THRM) established its 2026 guidance with expected product revenues between $1.5 billion and $1.6 billion and Adjusted EBITDA ranging from $175 million to $195 million. The company also provided a preliminary revenue outlook for 2027 of approximately $1.7 billion. These projections are based on current customer orders, existing tariffs, and a forecast of a low single-digit decrease in light vehicle production for 2026.
Gentherm Incorporated (NASDAQ:THRM) designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the US, China, Germany, the Czech Republic, South Korea, Mexico, Slovakia, Romania, Japan, the UK, and internationally.
3. Enovix Corporation (NASDAQ:ENVX)
Enovix Corporation (NASDAQ:ENVX) is one of the best EV stocks to buy according to analysts. On February 25, Enovix Corporation reported financial results for 2025, with annual revenue reaching $31.8 million, a 38% increase over 2024. Q4 revenue also hit a record $11.3 million, driven largely by battery shipments for defense and industrial applications, including drones and munitions.
The company’s focus remains on completing smartphone qualification with its lead customer. While evaluation samples have met energy density and safety requirements, Enovix is currently optimizing AI-1 recipes and dicing technologies at its Fab2 facility in Malaysia to reach high-volume production targets. Additionally, Enovix highlighted smart eyewear as a significant early commercial opportunity, noting that its technology already meets the technical requirements for multiple eyewear applications and has received initial production demand in this category.
For Q1 2026, Enovix Corporation (NASDAQ:ENVX) expects revenue to be between $6.5 million and $7.5 million, with a non-GAAP net loss per share ranging from $0.14 to $0.18. Capital expenditures for the upcoming quarter are projected at $9.0 million to $11.0 million.
Enovix Corporation (NASDAQ:ENVX) designs, develops, and manufactures lithium-ion battery cells in the US and internationally. It serves wearables and IoT, smartphones, computing, EVs, and OEMs.
2. Ambarella Inc. (NASDAQ:AMBA)
Ambarella Inc. (NASDAQ:AMBA) is one of the best EV stocks to buy according to analysts. On February 26, Ambarella announced earnings for FQ4 2026. Annual revenue for FY2026 reached a record $390.7 million, which marked a 37.2% increase from FY2025. For FQ4, revenue grew 20.1% year-over-year to $100.9 million. While the company reported a GAAP net loss of $75.9 million for the full year, its non-GAAP performance showed a shift to profitability with a net profit of $26.9 million, compared to a non-GAAP net loss of $6.8 million in FY2025.
Edge AI SoCs accounted for 80% of total revenue, supported by a portfolio of 12 AI SoCs and over 370 unique customer projects in production. Ambarella Inc. (NASDAQ:AMBA) reached ~$1 billion in cumulative edge AI revenue and is expanding its business model to include semi-custom/custom ASICs and an indirect sales channel.
For FQ1 2027, Ambarella expects revenue to be between $97 million and $103 million. Non-GAAP gross margin is projected to fall between 59% and 60.5%, with non-GAAP operating expenses estimated between $55 million and $58 million. Looking further ahead, management anticipates total revenue growth of 10% to 15% for FY2027 as they continue to utilize their deep learning AI accelerator across various physical AI applications.
Ambarella Inc. (NASDAQ:AMBA) develops semiconductor solutions that enable AI processing, advanced image signal processing, and HD and ultra-HD compression.
1. Hesai Group (NASDAQ:HSAI)
Hesai Group (NASDAQ:HSAI) is one of the best EV stocks to buy according to analysts. On February 4, Hesai Technology and Grab entered into a strategic partnership appointing Grab as the exclusive distributor of Hesai’s LiDAR solutions throughout Southeast Asia. Under this agreement, Grab will manage the sales, marketing, and customer support for Hesai’s sensor technology across the region.
This collaboration aims to combine Hesai’s global leadership in LiDAR manufacturing with Grab’s extensive regional resources and distribution networks to streamline access to these critical hardware components. The partnership is designed to accelerate the adoption of autonomous systems and robotic solutions across various industries, including manufacturing, logistics, and mapping.
By securing a reliable supply of LiDAR technology, Grab enhances its own autonomous mobility and mapping capabilities while providing other regional businesses with the tools necessary for 3D intelligence. This initiative addresses a growing demand for AI-powered automation in Southeast Asia, moving LiDAR technology from early-stage validation toward large-scale commercial deployment. By facilitating broader access to this hardware, Hesai Group (NASDAQ:HSAI) and Grab intend to advance ‘Physical and Embodied AI’ across the eight countries where Grab operates.
Hesai Group (NASDAQ:HSAI), through its subsidiaries, develops, manufactures, and sells three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally.
While we acknowledge the potential of HSAI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HSAI and that has 100x upside potential, check out our report about this cheapest AI stock.
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