5 Best EV Stocks for the Long Term

In this article, we discuss the 5 best EV stocks for the long-term. If you want to read our detailed analysis of these stocks, go directly to the 10 Best EV Stocks For The Long Term.

5. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Holders: 39  

Amphenol Corporation (NYSE:APH) markets electrical components and fiber connectors. The products of the firm are used in electronics all over the world and also play a part in EV manufacturing. The firm recently posted earnings for the third quarter, reporting earnings per share of $0.65, beating estimates by $0.02. The revenue over the period was $2.8 billion, up 21% year-on-year. It also increased the dividend payout by 38% to $0.20 per share. 

Goldman Sachs, Citi, Cowen and Jefferies all recently raised the price target on Amphenol Corporation (NYSE:APH) stock. Evercore ISI recently termed the stock a “sleeper electric vehicle pick” at an auto-tech conference. 

At the end of the second quarter of 2021, 39 hedge funds in the database of Insider Monkey held stakes worth $1.2 billion in Amphenol Corporation (NYSE:APH).

In its Q4 2020 investor letter, Richie Capital Group LLC, an asset management firm, highlighted a few stocks and Amphenol Corporation (NYSE:APH) was one of them. Here is what the fund said:

“Amphenol (APH – Up 18.7%) – In December, our high-speed, specialty connector manufacturer announced the acquisition of MTS Systems Corp for $1.7B to enhance their sensor products catalog. Having completed more than a dozen acquisitions since 2016, growth through acquisition is a key tenet of their business strategy and we view this transaction as business as usual. You can read more about our investment thesis for Amphenol here.”