5 EV Charging Stocks to Buy Now

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In this article we will be taking a look at 5 EV charging stocks to buy now. To read our detailed analysis of the electric vehicle charging sector and its future prospects, you can go directly to see the 10 EV Charging Stocks to Buy Now.

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

Number of Hedge Fund Holders: 18

ChargePoint Holdings, Inc. (NYSE:CHPT) is a provider of EV charging networks and charging solutions in the US. The company was founded in 2007 and is based in California. It is among the most popular EV charging stocks to buy now according to hedge fund sentiment.

This February, Citigroup analyst Itay Michaeli reiterated a Neutral rating on shares of ChargePoint Holdings, Inc. (NYSE:CHPT).

Needham’s Vikram Bagri also holds a Buy rating on ChargePoint Holdings, Inc. (NYSE:CHPT) as of this February, noting that the company’s recent acquisitions, such as that of ViriCity, a European electric fleet management company, will drive additional growth in 2022.

Our hedge fund data shows 18 hedge funds long ChargePoint Holdings, Inc. (NYSE:CHPT) in the third quarter, and 17 hedge funds long the stock in the second quarter. The total stake values were $97.9 million and $14.9 million respectively.

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