5 Best EV Charging Stocks to Buy Now

Page 1 of 5

In this article, we shall discuss the 5 best EV charging stocks to buy now. To read our detailed analysis of the EV charging sector in 2022, go directly and see 10 Best EV Charging Stocks to Buy Now.

5. Lucid Group Inc. (NASDAQ:LCID)

Hedge Fund Holdings: 15

Based in Newark, California, Lucid Group Inc. (NASDAQ:LCID) is an American EV manufacturer. In 2021, Lucid Group Inc. (NASDAQ:LCID) partnered with Electrify America to install a nationwide EV charging network for Lucid’s (NASDAQ:LCID) vehicles. In Q3 2022, the company beat EPS estimates of -$0.31 by $0.07, posting earnings of -$0.24 per share.

The stock is an undervalued hypergrowth company, one of the most profitable in the current EV climate. Lucid (NASDAQ:LCID) has huge scope for growth in revenue, and more often than not, has demonstrated strong fundamentals. Furthermore, the company has recently unveiled plans to launch a new SUV which is expected to go into production next year. Due to the aforementioned factors, the company’s revenue is likely to increase substantially in the coming years, and at its current valuation, Lucid (NASDAQ:LCID) is an ideal pick for the right investor.

Follow Lucid Group Inc.

Page 1 of 5