5 Hot EV Stocks To Buy Now

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In this article, we discuss the 5 hot EV stocks to buy now. If you want to read about some more hot EV stocks to buy now, go directly to 10 Hot EV Stocks To Buy Now.

5. Lucid Group, Inc. (NASDAQ: LCID)

Number of Hedge Fund Holders: 15  

Avg Volume: 32.6M

YTD Perf: +71.16%

Lucid Group, Inc. (NASDAQ:LCID) a technology and automotive company, develops electric vehicle (EV) technologies. On January 27, Lucid Group stock price skyrocketed 43% after initially rising two-fold on rumors that Saudi Arabia Public Investment Fund (PIF) was planning to purchase the electric vehicle company.

R.F. Lafferty analyst Jaime Perez maintained a Buy rating on Lucid Group, Inc. (NASDAQ:LCID) stock and lowered the price target to $17 from $19, noting that the company’s two financing agreements and its asset-based loan of $1 billion should provide enough financial flexibility to commerce its expansion.

At the end of the third quarter of 2022, 15 hedge funds in the database of Insider Monkey held stakes worth $99.5 million in Lucid Group, Inc. (NASDAQ:LCID), compared to 16 in the preceding quarter worth $173.7 million. 

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