11 Small Cap EV Stocks to Buy According to Analysts

9. Dana Incorporated (NYSE:DAN)

Market Cap: $2.44 billion

Number of Hedge Fund Holders: 41

Analyst Upside Potential: 33.12%

Dana Incorporated (NYSE:DAN) is one of the Best Small Cap EV Stocks to Buy According to Analysts. On October 3, Colin Langan from Wells Fargo lowered the firm’s price target on Dana Incorporated (NYSE:DAN) from $22 to $21, while keeping an Equal Weight rating on the stock.

The rating comes ahead of the company’s fiscal third-quarter results for 2025, which are expected on November 5, 2025. The company posted mixed results during the fiscal second quarter of 2025; however, management raised its full-year guidance by $250 million, adjusted EBITDA by $35 million, and free cash flow by $50 million.

Dana Incorporated (NYSE:DAN) posted $2.35 billion in revenue, down 14% year-over-year but ahead of Wall Street’s estimates by $49.5 million. However, the EPS of $0.13 fell short of the estimates by $0.03.

In addition to Wells Fargo, on the same day, Joseph Spak from UBS also reiterated a Buy rating on Dana Incorporated (NYSE:DAN) with a $25 price target.

Dana Incorporated (NYSE:DAN) provides energy management solutions and also designs and manufactures propulsion systems for vehicles and machines across global mobility markets.