5 Best EV Stocks to Invest In

4. Ford Motor Company (NYSE: F)

Number of  Hedge Fund Holders: 49

Ford Motor Company (NYSE: F) is a manufacturer of automobiles including trucks, cars, sport utility vehicles, and now EVs. The company ranks 4th on our list of the best EV stocks to invest in and operates through three segments, namely the Automotive, Mobility, and Ford Credit segments.

On June 17th, Ford Motor Company (NYSE: F) announced that it would be acquiring Electriphi, a California-based charging management, and fleet monitoring software provider. The company said the decision came about in light of their desire to merge Electriphi’s team with Ford Pro to develop advanced charging and energy management experiences for EV users. Ford Motor Company (NYSE: F) also provided second-quarter guidance on the same day, saying that it expected adjusted earnings before interest and taxes to exceed prior expectations and be higher than the values they saw a year ago.

In the first quarter of 2021, Ford Motor Company (NYSE: F) had an adjusted EPS of $0.89 versus estimates of $0.21, and revenue valued at $36.23 billion. The company also has a gross profit margin of 8.07% and a forward PE ratio of 12.8. Ford Motor Company (NYSE: F) gained 62.6% in the past 6 months and 70.42% year to date.

By the end of the first quarter of 2021, 49 hedge funds out of the 866 tracked by Insider Monkey held stakes in this company. The total value of their stakes was about $2.19 billion. Comparatively, in the previous quarter 41 hedge funds held stakes in the company worth roughly $1.65 billion.