5 Most Promising EV Stocks According to Analysts

4. Solid Power, Inc. (NASDAQ:SLDP)

Number of Hedge Fund Holders: 15

Average Upside Potential as of February 14: 84.66%

Solid Power, Inc. (NASDAQ:SLDP) is a pioneer in solid-state battery technology. The company manufactures solid-state battery cells and solid electrolyte materials for electric vehicles in the United States. As of December 2, Stifel analyst Vincent Anderson has a Hold rating and $5 price target on Solid Power, Inc. (NASDAQ:SLDP).

Solid Power, Inc. (NASDAQ:SLDP) has a consensus Hold rating among Wall Street analysts and a maximum price target of $13. The stock’s average price target sits at $6.50 and represents an upside of 84.66% from current levels. Solid Power, Inc. (NASDAQ:SLDP) is one of the most promising EV stocks to buy now according to analysts.

At the close of Q3 2022, 15 hedge funds held stakes in Solid Power, Inc. (NASDAQ:SLDP). The total value of these stakes amounted to $16.6 million. As of December 31, Yaupon Capital is the top shareholder in the company and has a position worth $2.63 million.