5 EV Charging Stocks to Buy Now

4. EVgo, Inc. (NASDAQ:EVGO)

Number of Hedge Fund Holders: 19

EVgo, Inc. (NASDAQ:EVGO) is a company that operates a DC fast-charging network for battery EVs in the US. The company operated about 800 such fast-charging locations in 2021, making it one of the more notable EV charging stocks to buy now.

Itay Michaeli, an analyst at Citigroup, holds a Neutral rating on EVgo, Inc. (NASDAQ:EVGO) shares as well, as of this February.

Needham’s Vikram Bagri has noted that EVgo, Inc.’s (NASDAQ:EVGO) strong partnerships and the operation of its stations give the company a leading position in the EV DC fast charging sector. The company has been successfully announcing profitable partnerships this year as well, such as its recent retail partnership with CBL Properties this January, which supports its plans to expand its public network. 

EVgo, Inc. (NASDAQ:EVGO) had 19 hedge funds holding stakes in it in the third quarter, with a total stake value of $48.02 million.