5 Best EV Stocks To Buy For The Long Term

4. ChargePoint Holdings, Inc. (NYSE:CHPT)

Average Analyst Price Target Upside: 88.42%

Number of Hedge Fund Holders: 17

ChargePoint Holdings, Inc. (NYSE:CHPT) is a California-based EV infrastructure company that owns and operates EV charging stations in 14 countries. On February 20, the company announced its alliance with AcBel Polytech Inc. (TWSE:6282), a prominent power supply manufacturer under Kinpo Group, to jointly develop EV charging solutions. AcBel Polytech Inc. (TWSE:6282) will co-design hardware components for ChargePoint Holdings, Inc.’s (NYSE:CHPT) range of EV charging solutions. The partnership is expected to fast-track product development processes and reduce costs for the company.

As of the fourth quarter of 2023, ChargePoint Holdings, Inc. (NYSE:CHPT) is part of 17 hedge funds’ portfolios at a combined value of $9.682 million.

Based on the coverage of 11 Wall Street analysts, ChargePoint Holdings, Inc. (NYSE:CHPT) has an average price target of $3.58, and it implies an upside of 88.42% from March 28 levels.

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