5 Best EV Charging Stocks To Invest In

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This article presents an overview of 5 Best EV Charging Stocks To Invest In. For a detailed overview of such stocks read our article, 11 Best EV Charging Stocks To Invest In.

5. Plug Power Inc. (NASDAQ:PLUG)

Number of Hedge Fund Holders: 19

Founded in 1997, Plug Power Inc. (NASDAQ:PLUG) has surfaced as a pioneer in providing effective and enduring power solutions. Plug Power Inc. (NASDAQ:PLUG) has been expanding its reach into the electric vehicle charging market. The company’s ProGen hydrogen fuel cell engines are crafted to power a range of electric vehicles, from light to heavy-duty. They provide a clean, efficient option for conventional batteries. This move into EV charging is part of Plug Power Inc. (NASDAQ:PLUG)’s broader strategy to support zero-emission transportation through hydrogen fuel cell systems. These systems can be refuelled quickly, offering a significant gain in operational efficiency and uptime over traditional electric charging systems.

For Plug Power Inc. (NASDAQ:PLUG), there was a decline in hedge fund sentiment from Q3 2023 to Q4 2023. The number of hedge funds holding in Plug Power Inc. (NASDAQ:PLUG) decreased from 26 to 19. Furthermore, the total value of these holdings saw a significant decrease, dropping from approximately $128.58 million in Q3 2023 to about $17.82 million in Q4 2023.

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