In this article, we will discuss: 12 Best EV Charging Stocks to Buy According to Hedge Funds.
The EV charging market includes firms and technology that provide electric vehicle charging infrastructure and services.
According to a new industry report from EV charging data firm Paren, the deployment of DC fast charging in the United States continued to move at a record rate in Q2 2025, with 16,700 additional ports anticipated for the year, which is 2.4 times higher than in 2022. The average number of ports per station jumped to 5.4 from 4.7 in Q1, as “Charging 2.0” players standardized on larger stations with 10 chargers rated at 350-400 kW. The percentage of non-Tesla infrastructure with 250+ kW chargers shot up from 24% to 38%. Seasonal, weather-related, and regional variations caused average utilization to drop from 16.6% to 16.1% as infrastructure increased, creating worries about session demand not keeping up with deployment. The index increased from 85.0 to 85.5, showing that reliability was still improving. Affordability was further improved by a decrease in the average travel station prices across 43 states.
Affordability was further improved by a decrease in the average travel station prices across 43 states. The deployment of DC fast charging stations in the US is happening at an unprecedented rate. The Paren Team did observe that in Q2, “we saw declines in utilization… as deployment outpaced session demand,” pointing to both progress and future concerns.
With that said, here are the 12 Best EV Charging Stocks to Buy According to Hedge Funds.
Photo by Michael Fousert on Unsplash
Our Methodology
We sifted through the online rankings to form an initial list of the 20 Best EV Charging Stocks. From the resultant dataset, we chose 12 stocks with the highest number of hedge fund investors, using Insider Monkey’s database of 1000 hedge funds in Q1 2025 to gauge hedge fund sentiment for stocks. We have used the stock’s revenue growth year-over-year as a tie-breaker in case two or more stocks have the same number of hedge funds invested.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12. Nuvve Holding Corp. (NASDAQ:NVVE)
Number of Hedge Fund Holders: 2
Nuvve Holding Corp. (NASDAQ:NVVE), a pioneer in vehicle-to-grid technology, has signed DeFi Technologies’s first mandate and introduced a new DeFi Advisory business line. It is among the Best EV Stocks.
The company will oversee Nuvve Holding Corp.’s (NASDAQ:NVVE) treasury strategy using HYPE, the native currency of Hyperliquid, a rapidly expanding decentralized exchange. DeFi Technologies will handle performance optimization, custody, and OTC transaction execution through its subsidiary Stillman Digital.
DeFi Technologies is now offering institutional-grade digital asset treasury services, including trading, custody, and advisory services, all on a single platform, marking a strategic shift. Compensation is paid either in cash or stock quarterly and is dependent on assets under management.
Nuvve Holding Corp. (NASDAQ:NVVE)’s dedication to decentralized finance and digital innovation is proven by its HYPE investment. CEO of DeFi Technologies, Olivier Roussy Newton, specified that as more publicly traded firms investigate digital asset strategies, there is a rising demand for compliant advisory solutions.
11. Wallbox N.V. (NYSE:WBX)
Number of Hedge Fund Holders: 3
Wallbox N.V. (NYSE:WBX) has partnered strategically with Leap, a leading virtual power plant technology, to launch its first VPPs in California and New York.
Wallbox Rewards, a smart charging initiative that rewards customers for promoting grid flexibility, includes the VPPs. Wallbox N.V. (NYSE:WBX) manages energy flow through Leap’s platform and aggregates thousands of home EV chargers, transforming residential infrastructure into a dispatchable grid resource.
The firm’s General Manager North America, Esteve Dolsa, noted that grid dependability is improved by linking Wallbox chargers to real-time energy markets. Christie Dodge of Leap stated the value of EV chargers as adaptable resources for meeting demand. Users can earn financial awards and gain access to in-app information by charging during off-peak hours. The initiative is currently operational in New York and California, and later in 2025, it is anticipated to expand to Texas. Wallbox N.V. (NYSE:WBX)’s dedication to distributed, intelligent energy ecosystems has taken a significant stride with this announcement. It is ranked eleventh on our list of the Best EV Stocks.
10. Blink Charging Co. (NASDAQ:BLNK)
Number of Hedge Fund Holders: 6
Blink Charging Co. (NASDAQ:BLNK) and Universal Media have unveiled the first EV Totem at Mountain View Village in Salt Lake City, Utah.
The EV Totem integrates Blink Charging Co. (NASDAQ:BLNK)’s EV charging technology with dual 55-inch high-definition digital screens mounted seven feet high, providing both charging services and dynamic advertising displays. This invention provides real-time, location-based ad targeting and analytics, which elevates the value proposition for businesses and property partners.
This is the initial phase of a larger deployment of EV Totem devices in areas with high traffic. Todd Cohen, CEO of Universal Media, expressed the advantages of EV charging for both drivers and advertisers, while Mike Battaglia, president and CEO of Blink Charging Co. (NASDAQ:BLNK), stressed how it has evolved into a media-rich mobility platform.
The firm’s charging ecosystem, run by its in-house cloud-based Blink Network, is a major player in EV infrastructure and smart city integration, catering to a variety of industries such as retail, schools, airports, and multifamily homes. It is one of the Best EV Stocks.
