11 Best Stocks Under $15 to Buy According to Hedge Funds

Page 4 of 10

7. Rivian Automotive, Inc. (NASDAQ:RIVN)

Share Price: $13.83

Number of Hedge Fund Holders: 40

Rivian Automotive, Inc. (NASDAQ:RIVN) is an American automotive manufacturer that designs and builds electric vehicles. The company also offers software and services that address the entire lifecycle of the vehicle. Rivian Automotive, Inc. (NASDAQ:RIVN) ranks among the best stocks under $15 to buy according to hedge funds.

The company offers the R1T electric pickup truck and the R1S electric SUV. Rivian Automotive, Inc. (NASDAQ:RIVN) is also making progress with its commercial van offering and opened sales for its commercial van to fleets of all sizes in the US in February 2025. The company has plans to launch its cheaper R2 SUV in the first half of 2026 and is set to make new additions to its lineup with the R3 and R3X SUVs in 2026 and 2027. Rivian Automotive, Inc. (NASDAQ:RIVN) is focused on expanding its EV production to reach a larger market by offering new models. The company plans to start production of R2 in its existing Normal, Illinois manufacturing facility but the company’s plans for its new plant in Georgia remain very important for its future plans. In January 2025, Rivian Automotive, Inc. (NASDAQ:RIVN) secured a loan of up to $6.6 billion from the US Department of Energy in financial support for the construction of its manufacturing facility in Georgia. Construction is set to start in 2026 and production of customer vehicles is expected to begin in 2028. The Georgia facility will have the capabilities to build both the R2 and the R3 vehicles.

Page 4 of 10