In this article we discuss the 5 best EV stocks to buy now. If you want to read our detailed analysis of the EV industry, go directly to 10 Best EV Stocks To Buy Now.
5. BlackBerry Limited (NYSE: BB)
Number of Hedge Fund Holders: 31
Blackberry is an excellent EV software play to gain exposure to the electric vehicles market. The company has several partnerships with major EV companies to power their cars with smart software. Blackberry last year entered an agreement with China’s Xpeng Motors. In July 2020, Canoo said its EVs will be powered by BlackBerry QNX operating system (OS), including radar sensors, parking sensors and camera.
As of the end of the fourth quarter, 31 hedge funds in Insider Monkey’s database of 887 funds held stakes in BB, compared to 24 funds in the third quarter. Fairfax Financial Holdings is the biggest stakeholder in the company, with 46.7 million shares, worth $309.7 million.