5 Most Promising EV Stocks According to Analysts

In this article, we will look at the 5 most promising EV stocks to buy now according to analysts. If you want to explore similar stocks, you can go to 12 Most Promising EV Stocks According to Analysts.

5. FREYR Battery (NYSE:FREY)

Number of Hedge Fund Holders: 22

Average Upside Potential as of February 14: 81.03%

FREYR Battery (NYSE:FREY) is a leading manufacturer of lithium-ion batteries. The company’s batteries are both cost-efficient and have high energy density. At the end of the third quarter of 2022, FREYR Battery (NYSE:FREY) was a part of 22 investors’ portfolios that held collective stakes of $381.2 million in the company.

On February 10, BofA analyst Julien Dumoulin-Smith took coverage of FREYR Battery (NYSE:FREY) with a Buy rating and a $13 price target. The stock has received 3 Buy ratings from Wall Street analysts over the past 3 months and has an average price target of $15.75, which represents an upside of 81.03% from its closing price on February 14. FREYR Battery (NYSE:FREY) is one of analysts’ most promising EV stock picks.

As of December 31, Sylebra Capital Management is the largest shareholder in FREYR Battery (NYSE:FREY) and has disclosed a position worth $71.8 million in the company.